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This is a systematic study of how the interdependence of fiscal and monetary policies and the interaction of party governments and central banks affect the fiscal-policy mix in 18 industrial democracies in America, Europe and Asia
Persistent link: https://www.econbiz.de/10003527139
Persistent link: https://www.econbiz.de/10003722017
Labor productivity - output per hour worked - is an important factor determining the wealth of national economies and their standards of living. Its growth accounts for about half of per capita GDP growth in OECD countries. Despite its importance, it has received scant attention in political...
Persistent link: https://www.econbiz.de/10013136503
Labor productivity is an important determinant of the wealth of national economies and their standards of living, as its growth explains half of per capita GDP growth. We show that there are three worlds of productivity growth among industrialized countries, by decomposing labor productivity...
Persistent link: https://www.econbiz.de/10013100409
Productivity is an important determinant of national wealth and standards of living. Scholars of comparative political economy have shown that different welfare production regimes pursue distinct human capital formation policies to promote productivity. Human capital investment policies have...
Persistent link: https://www.econbiz.de/10012984831
Labor productivity is an important determinant of the wealth of national economies and standards of living, as its growth explains half of per capita GDP growth. We show that there are four worlds of productivity growth among industrialized countries, by decomposing labor productivity growth...
Persistent link: https://www.econbiz.de/10012984834
Productivity is a most important determinant of national wealth and standards of living. Scholars have shown that different welfare production regimes pursue distinct human capital formation policies to promote productivity. But do those government policies actually promote the productivity of...
Persistent link: https://www.econbiz.de/10014168510