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The paper examines Latin American countries' productivity growth levels and their convergence patterns utilizing … productivity indexes alongside with their main components. Moreover a convergence analysis is conducted estimating relative … productivity convergence paths. The results suggest that over the period examined, countries' productivity growth levels have …
Persistent link: https://www.econbiz.de/10012886332
account. Hence, the so-called Total Factor Productivity (TFP) mirrors the dynamic of real wages and the rate of profit. We …
Persistent link: https://www.econbiz.de/10015191329
Bolivia's medium-term development prospects, leading to marked increases in both urban and rural poverty. If the reform …This paper analyzes how major external shocks and policy reforms affect Bolivia's ability to achieve pro-poor growth … effect of the shocks and two major reform projects (development of the gas sector and deregulation of the urban labor market …
Persistent link: https://www.econbiz.de/10010265590
Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the real and monetary sides of the economy; yet, direct empirical research on the matter has been scarce at best. This paper therefore examines the empirical properties of inflation...
Persistent link: https://www.econbiz.de/10010271069
The paper is divided in three sections presenting some stylized facts concerning monetary and exchange rate policy framework in Slovenia. Three periods are covered: Money-based Stabilization Policy (1991-1995), Price and Real Exchange Rate Stability Dual Targeting Policy (1996-2001), and...
Persistent link: https://www.econbiz.de/10002612553
In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which influence the expected inflation distribution through...
Persistent link: https://www.econbiz.de/10014079902
This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the Bundesbank tradition of asymmetric policymaking: the bank...
Persistent link: https://www.econbiz.de/10003229840
This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the Bundesbank tradition of asymmetric policymaking: the bank...
Persistent link: https://www.econbiz.de/10012735028
investigate the effect of union practices on productivity within the context of the reform. The findings show that (i) industry …In the early 1990's, the Argentine government promoted a framework for productivity-based negotiations between firms …-wide practices on displacement of workers and training have a negative impact on productivity; (ii) work practices do not appear to …
Persistent link: https://www.econbiz.de/10010199012
pandemic wave) was associated with declines in consumption (-1.9%), investment (-1.2%), output (-2.4%), and productivity (-1 …
Persistent link: https://www.econbiz.de/10012308629