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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
Since the 1990s, the effective global labor supply has increased strongly, in particular due to the integration of China and India into the global markets. This rise has also deteriorated the situation of low-skilled workers in advanced economies. This development raises important challenges for...
Persistent link: https://www.econbiz.de/10009428973
in East Germany after unification, the existence of unemployment traps, their influence on labor market persistence and …
Persistent link: https://www.econbiz.de/10009428998
policies for the welfare state are analysed: Unemployment accounts, employment subsidies and flexicurity. Finally, a new …
Persistent link: https://www.econbiz.de/10009429029
, China and inflation, unemployment and placement responsibility, Japan and lifetime employment, placement as a marketing job …
Persistent link: https://www.econbiz.de/10009429631
, state agencies, the United States' unemployment rate, microchips and the unemployment rate in Japan and Malaysia, depressed …
Persistent link: https://www.econbiz.de/10009429633
in recessions by examining the movement of relative unemployment rates over the business cycle. Any conclusion drawn from … of unemployment are not examined. Using Current Population Survey data matched across adjacent months from 1989 to 2004 … from non-participation. Narrowing of the racial unemployment gap near the peak of the business cycle is driven by a …
Persistent link: https://www.econbiz.de/10009430029
labor markets. It also demonstrates that a positive rate of unemployment can exist even in the absence of matching frictions …, providing unemployment insurance, or subsidizing pre-marital investment. …
Persistent link: https://www.econbiz.de/10009430183