Wolfgang Böhmer, Ministerpräsident des Landes Sachsen-Anhalt, weist darauf hin, dass von allen Bundesländern Sachsen-Anhalt wohl am stärksten vom wirtschaftlichen Umbruch nach der Wende betroffen war, da die beiden dominierenden Industriezweige - der Schwermaschinen- und Anlagenbau sowie die...

This paper investigates how macroeconomic policy shocks in Turkey affect the total unemployment and provides evidence on the differential responses of the unemployment by sectors of economic activity. Our paper extends the previous work in two respects. First, we consider not only the response...

Tulopolitiikka on keskeinen osa työmarkkinoiden sopimusjärjestelmää ja talouspolitiikkaa Suomessa. Tästä huolimatta siitä ei ole juuri tehty kvantitatiivisia kokonaistaloudellisia arvioita, minkä laatiminen on tässä tutkimuksessa otettu tavoitteeksi. Aluksi keskustellaan...

The paper combines the short-run link between increases in aggregate demand and growth of GDP, which leads to a reduction in unemployment, with a definition of the equilibrium rate of unemployment that is independent of the growth rate. We first present evidence from the EU and the US that...

An economy's production set is the collection of all net output vectors that the economy is capable of producing with a given technology and fixed quantities of primary factors of production. The boundary of this set is called the production possibility frontier or PPF. We show that, if the...