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The U.S. sacrifices about ten full time jobs for each million dollars of net imports of goods and services. Its billions of dollars in trade deficit is the primary reason behind its millions of job losses. Loss of jobs, in turn, decreases income, demand, investment, and tax revenues. Budget...
Persistent link: https://www.econbiz.de/10009463650
International Macroeconomics has long sought an explanation for current account fluctuations that matches the data. The approaches have typically focused on better models and new macroeconomic variables. We demonstrate the limitations of this approach by showing that idiosyncratic shocks are an...
Persistent link: https://www.econbiz.de/10012530175
Correctly measuring a country’s national income and its growth is essential to the understanding of various aspects of the country’s economy both at present and in the future. The measurement issue is even more important for economies like China whose size-based economic-political power is...
Persistent link: https://www.econbiz.de/10009451605
reduces the chances of employment and unemployment and increases the likelihood downtime. Per capita income is positively … related with the likelihood of downtime and employee and negatively with unemployment. The variable experience and schooling … likelihood of unemployment. Regarding the likelihood of unemployment, there is evidence of the existence of racial discrimination …
Persistent link: https://www.econbiz.de/10009446716
Purpose – This paper contends that there is a positive relationship between current globalisation, unemployment … and “emic” perspective (authors’ viewpoint).Findings – A relationship between current globalisation, unemployment …, inequality and poverty should be investigated further. Unemployment increases levels of inequality and poverty within society …
Persistent link: https://www.econbiz.de/10009447159
four and a half months to find a job. Combining these results, it is demonstrated that reducing the average unemployment … of various labor market and crime policies such as unemployment insurance, hiring subsidies and the duration of jail … sentences. For example, wage subsidies reduce unemployment, the crime rates of employed and unemployed workers, and improve …
Persistent link: https://www.econbiz.de/10009466027
In the leading chapter of this dissertation, "Unemployment, Vulnerability and Poverty: A New Class of Measures, Its … Axiomatic Properties and Applications," we, Kaushik Basu and myself, derive a new class of measures for unemployment or poverty …. Measures of unemployment and poverty have usually focused solely on those currently unemployed or below the poverty line …
Persistent link: https://www.econbiz.de/10009466172
distribution, wages, and unemployment. This comparison is important not only because it compares developing vs. developed country …
Persistent link: https://www.econbiz.de/10009468080
Why do dynamic inconsistencies in monetary policy exist? In this paper we present a traditional model with output inefficiencies, but we allow for monetary policy to be influenced by the various constituencies in the economy, that pressure the Congress to in turn pressure the central bank to...
Persistent link: https://www.econbiz.de/10009472582
Foreign direct investment is sparking a national debate. Local communities compete for investment projects, while many of the residents of those communities fear losing their jobs to foreign outsourcing. Some opponents argue that such job losses have disproportionately negative impact on local...
Persistent link: https://www.econbiz.de/10009475015