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What differentiates American capitalism from all other forms of industrial capitalism is a historical focus on both the …
Persistent link: https://www.econbiz.de/10010271765
What differentiates American capitalism from all other forms of industrial capita-lism is a historical focus on both …
Persistent link: https://www.econbiz.de/10010271768
This paper examines the impact of downward wage rigidity (nominal and real) on optimal steady-state inflation. For this purpose, we extend the workhorse model of Erceg, Henderson and Levin (2000) by introducing asymmetric menu costs for wage setting. We estimate the key parameters by simulated...
Persistent link: https://www.econbiz.de/10011605094
principle of solidarity, that provide assistance to the destitute, the unemployed, the sick, the disabled, and the elderly. Due … in part to growing levels of spending on these solidarity programs that may threaten financial solvency in some of these … activation while still achieving the traditional social purpose of solidarity programs by greatly reducing poverty. The aim of …
Persistent link: https://www.econbiz.de/10010308445
norms' verstärkte diese Kritik am Staat diesseits und jenseits des Atlantik. Der Aufsatz geht vor diesem Hintergrund der … Frage nach, inwiefern die gegenwärtige Betonung gesellschaftlicher Selbstregulierung die Kritik der Rechtsrealisten und der …
Persistent link: https://www.econbiz.de/10010298979
Changes in the field of security since the 1990s triggered off a number of still continuing military transformations in liberal democracies. Since their armed forces were designed for the purposes of the bipolar Cold war security constellation, they have been “redesigned” according to the...
Persistent link: https://www.econbiz.de/10010298990
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Persistent link: https://www.econbiz.de/10011602111
A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...
Persistent link: https://www.econbiz.de/10010266065
Hours worked is an important economic indicator. In addition to being a measure of labor utilization, average weekly hours are inputs into measures of productivity and hourly wages, which are two key economic indicators. However, the Bureau of Labor Statistics' two hours series tell very...
Persistent link: https://www.econbiz.de/10010269497