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This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...
Persistent link: https://www.econbiz.de/10008520206
Persistent link: https://www.econbiz.de/10008520218
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Persistent link: https://www.econbiz.de/10008520234
Initiatives to reduce transatlantic trade barriers or to harmonize trade-related domestic policies in the EU and the US appear regularly on the agenda of policy makers. The last decade saw also considerable steps in transatlantic economic cooperation focusing on special aspects. In February...
Persistent link: https://www.econbiz.de/10008520302
This paper considers the spatial dynamics of nurse-patient relationships within hospitals, primarily in the USA, under …
Persistent link: https://www.econbiz.de/10008535322
The goal of this paper is to deliver to the reader a large number of graphs in order to allow him/her to choose the ones that he/she considers important to form his/her own opinion. Graphs from data are more important than statements which are mainly interpretation and political, but the problem...
Persistent link: https://www.econbiz.de/10008539328
The key dynamics of the transatlantic banking crisis are analyzed - with emphasis on the fact that the banking disaster of 2007/08 was not really a surprise -, and the five key requirements for restoring stability and efficiency in the EU/OECD banking sector are highlighted: Hedge funds should...
Persistent link: https://www.econbiz.de/10008540460
In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the overall CPI as a linear function of time. Under our framework, all price deviations from the linear trend are transient and the price...
Persistent link: https://www.econbiz.de/10008543797
In 1970 the USA spent 7% of its GNP on healthcare, in 200716%. Whereas the OECD average per capita expenditure on … healthcare in 2007 was $2,964, the USA spent $7,290. Yet in that same period, the health of America’s citizens relative to those … up around healthcare in the USA. Because the magnitude of the relative decline in healthcare in the USA is poorly …
Persistent link: https://www.econbiz.de/10008544705
The hazard of mortality is usually presented as a function of age, but can be defined as a function of the fraction of survivors. This definition enables us to derive new relationships for life expectancy. Specifically, in a life-table population with a positive age-specific force of mortality...
Persistent link: https://www.econbiz.de/10008545910