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Author: Mr.Gee Hee Hong
Publisher: International Monetary Fund
ISBN: 1484346947
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008–09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, inflation expectations, and trend productivity growth. In particular, there appears to be greater slack than meets the eye. Involuntary part-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their averages in the years leading up to the recession.
Author: Mr.Gee Hee Hong
Publisher: International Monetary Fund
ISBN: 1484346947
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008–09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, inflation expectations, and trend productivity growth. In particular, there appears to be greater slack than meets the eye. Involuntary part-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their averages in the years leading up to the recession.
Author: Weicheng Lian
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
Inflation and unemployment rate were largely disconnected between 2000 and 2019 in advanced economies. We decompose core inflation into two parts based on the cyclical sensitivity of CPI components and document several salient facts: (i) both the cyclical and non-cyclical parts had surges across advaced economies in 2011, when unemployment rates had limited changes; (ii) the non-cyclical part had a downward trend between 2012 and 2019, which existed across countries, sectors, goods, and services; (iii) global indexes such as oil price, shipping costs, and a global supply chain pressure index do not explain the downward trend; and (iv) the cyclical part, after controlling for the impact of economic slack, also had a downward trend between 2012 and 2019. These patterns help disentangle competing explanations for the disconnect between inflation and unemployment rate. The approach has potential to help understand forces shaping price pressures during the pandemic and in the post-pandemic period ahead.
Author: Janice Eberly
Publisher: Brookings Institution Press
ISBN: 0815738293
Category : Business & Economics
Languages : en
Pages : 541
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Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act Craig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone, and Matthew J. Notowidigdo Policies and Payoffs to Addressing America’s College Graduation Deficit Christopher Avery, Jessica Howell, Matea Pender, and Bruce Sacerdote The Optimal Inflation Target and the Natural Rate of Interest Philippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien Matheron Inflation Dynamics: Dead, Dormant, or Determined Abroad? Kristen J. Forbes Macri’s Macro: The Elusive Road to Stability and Growth Federico Sturzenegger Progressive Wealth Taxation Emmanuel Saez and Gabriel Zucman
Author: OECD
Publisher: OECD Publishing
ISBN: 9264301798
Category :
Languages : en
Pages : 298
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Book Description
The 2018 edition of the OECD Employment Outlook reviews labour market trends and prospects in OECD countries.
Author: Balihar Sanghera
Publisher: Taylor & Francis
ISBN: 1040133711
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
Recent work on rent and rentierism has offered a distinctive and fresh approach to understanding and explaining contemporary capitalism. Drawing on political economy, economics, geography and sociology, this research has brought together distinct theoretical traditions in original and fertile ways to reshape the study of issues related to class, political-economic change and environmental challenges. This book critically engages with these theoretical resources to analyse and evaluate economies in the Global North and South. It offers historical, theoretical and empirical accounts of rentierism, making important cross-disciplinary and global connections. Its four parts address global rentier capitalism under the headings of historical lessons, theoretical developments and empirical studies of rentierism in the Global North and South. It will be the first book of its kind to offer a global account of rentier capitalism. It will be of immense interest to readers in economics, political economy, sociology, geography and development studies.
Author: Ashraf Mishrif
Publisher: Springer Nature
ISBN: 9819743672
Category :
Languages : en
Pages : 331
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Book Description
Author: David G. Blanchflower
Publisher: Princeton University Press
ISBN: 0691205493
Category : Business & Economics
Languages : en
Pages : 462
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Book Description
Don't trust low unemployment numbers as proof that the labour market is doing fine - it isn't. 'Not Working' is about those who can't find full-time work at a decent wage - the underemployed - and how their plight is contributing to widespread despair, a worsening drug epidemic and the unchecked rise of right-wing populism.
Author: Laurent Ferrara
Publisher: Springer
ISBN: 3319790757
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Author: David G. Blanchflower
Publisher: MIT Press
ISBN: 9780262023757
Category : Business & Economics
Languages : en
Pages : 504
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Book Description
The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.
Author: Tony Avirgan
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 524
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Book Description
