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On the Non-Inflationary effects of Long-Term Unemployment Reductions
Paternesi Meloni, Walter; Romaniello, Davide; Stirati, … - 2021
The paper critically examines the New Keynesian explanation of hysteresis based on the role of long-term unemployment … investigate the reversibility of long-term unemployment. Then we focus on episodes of sustained long-term unemployment reductions … results emerge: i) the evolution of the long-term unemployment rate is almost completely synchronous with the dynamics of the …
Persistent link: https://www.econbiz.de/10013229202
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Distribution, aggregate demand and productivity growth - theory and empirical results for six OECD countries based on a Post-Kaleckian model
Hein, Eckhard; Tarassow, Artur - 2008
Kaldor's technical progress function and hence of a positive relationship between GDP or capital stock growth and …
Persistent link: https://www.econbiz.de/10010460467
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Distribution, aggregate demand and productivity growth : theory and empirical results for six OECD countries based on a post-Kaleckian model
Hein, Eckhard; Tarassow, Artur - 2008
Kaldor's technical progress function and hence of a positive relationship between GDP or capital stock growth and …
Persistent link: https://www.econbiz.de/10003772369
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Production Constraints and the NAIRU
Hall, Stephen G.; Driver, Ciaran F. - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-11, pp. 1-15
This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital … for UK manufacturing over 80 quarters we show that capital constraints became relatively more important during the 1980s … as industry failed to match the increase in labour flexibility with rising capital investment. …
Persistent link: https://www.econbiz.de/10010295309
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Financial Management Appraisal of U.S. Administration Non-Keynesian Approach to Tackle Recession : Overemphasis on Employment of High Skilled-Cum-Aged Labour (Forming Minority) at...
Swamy, M. R. K. - 2012
Inasmuch as the U.S. economy has been very slow in recovery from deep recession with unemployment hovering around 9 per …
Persistent link: https://www.econbiz.de/10013108214
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The Labour Market in a Keynesian Economic Regime : Theoretical Debate and Empirical Findings
Herr, Hansjörg - 2010
In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-labour costs in a closed economy represent the most important factor in determining the price level. The second most important driver of price level changes is the exchange rate. A positive economic...
Persistent link: https://www.econbiz.de/10013151089
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Do Trade Unions Actually Worsen Economic Performance?
Sorensen, Jan Rose - 1997
The answer to the question in the title of course depends on how we define economic performance. In an overlapping generations model we show that trade unions do worsen economic performance in the sense that we get uemployment, but it is quite likely that trade unions give rise to a higher...
Persistent link: https://www.econbiz.de/10014075369
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How can temporary work agencies provide more training? : staffing agencies could play a more prominent role in the provision of training for the low qualified and previously unempl...
Spermann, Alexander - 2016
Temporary work agencies use training as a recruitment and retention argument when qualified labor is scarce. However, short job assignments present a major obstacle for employers and employees to increase investment in training. As temporary agency workers are mainly low-qualified and often...
Persistent link: https://www.econbiz.de/10011456169
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A test of the "Krugman hypothesis" for the United States, Britain, and Western Germany
Puhani, Patrick A. - 2003
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …
Persistent link: https://www.econbiz.de/10011448440
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Mixed economy of welfare emerging in Poland : outplacement and non-governmental employment agencies examples
Klimczuk, Andrzej - 2015
One of the key challenges of social policy in Poland in the early 21st century is to adapt its management to the requirements of a service economy. Essential conditions for the mixed economy of welfare have been already created after adjustments of the subsystems of national social policy during...
Persistent link: https://www.econbiz.de/10011450482