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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790482
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during...
Persistent link: https://www.econbiz.de/10011123858
The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough …
Persistent link: https://www.econbiz.de/10011244331
employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human …
Persistent link: https://www.econbiz.de/10011244942
This chapter reviews developments in GDP over the past several decades. The analysis shows that accumulation of labor and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only a minor role. Moreover, while increases in total factor...
Persistent link: https://www.econbiz.de/10011244822
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maximize the expected real income of union members over states of employment and of unemployment, a central bank that strives … classes of questions are investigated. First, what is the impact of exogenously given labor taxes and unemployment benefits on … monopolistically competitive firms and through them on unemployment, inflation and welfare? A related question is, how does the level …
Persistent link: https://www.econbiz.de/10003485021
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