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A reappraisal of the inflation-unemployment tradeoff.

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - Kiel Institute for the World Economy - 2005

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

Persistent link: https://www.econbiz.de/10008520206

Openness and economic growth in developing countries.

Gundlach, Erich - Kiel Institute for the World Economy - 1997

Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...

Persistent link: https://www.econbiz.de/10008520100

Multinational companies and wage inequality in the host country: the case of Ireland.

Figini, Paolo; Görg, Holger - Kiel Institute for the World Economy - 1999

Persistent link: https://www.econbiz.de/10008520116

The fading productivity of schooling in East Asia.

Gundlach, Erich; Wößmann, Ludger - Kiel Institute for the World Economy - 2001

We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...

Persistent link: https://www.econbiz.de/10008520285

Human capital and economic development : a macroeconomic assessment.

Gundlach, Erich - Kiel Institute for the World Economy - 1997

Persistent link: https://www.econbiz.de/10008575588