Productivity, Aggregate Demand and Unemployment Functions PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Productivity, Aggregate Demand and Unemployment Functions PDF full book. Access full book title Productivity, Aggregate Demand and Unemployment Functions by Régis Barnichon. Download full books in PDF and EPUB format.
Author: Régis Barnichon
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 218
Get Book Here
Book Description
Author: Régis Barnichon
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 218
Get Book Here
Book Description
Author: Ronald G. Bodkin
Publisher: University of Pennsylvania Press
ISBN: 1512800406
Category : Business & Economics
Languages : en
Pages : 304
Get Book Here
Book Description
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Author: Arthur Cecil Pigou
Publisher: Routledge
ISBN: 1136233113
Category : Business & Economics
Languages : en
Pages : 260
Get Book Here
Book Description
First Published in 1968. A reprinting of the original collection of essays on unemployment, from 1933, which are addressed to students of economics. Concerning the areas of the form of the real demand function for labour in particular occupations, the monetary factor, with the aim of a direct discussion on the causation of unemployment and its fluctuations.
Author: Pierpaolo Benigno
Publisher: International Monetary Fund
ISBN: 1455209597
Category : Business & Economics
Languages : en
Pages : 51
Get Book Here
Book Description
We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U.S. episodes which a linear model based only on long-run productivity growth cannot fully explain. These are the decline in long-run unemployment over the 1980s and its rise during the late 2000s.
Author: Régis Barnichon
Publisher:
ISBN:
Category : Labor productivity
Languages : en
Pages : 62
Get Book Here
Book Description
This paper presents new empirical evidence on the cyclical behavior of US unemployment that poses a challenge to standard search and matching models. The correlation between cyclical unemployment and the cyclical component of labor productivity switched sign in the mid 80s: from negative it became positive, while standard search models imply a negative correlation. I argue that the inconsistency arises because search models do not allow output to be demand determined in the short run, and I present a search model with nominal rigidities that can rationalize the empirical findings. In addition, I show that the interaction of hiring frictions and nominal frictions can generate a new propagation mechanism absent in standard new-Keynesian models.
Author: Roger Farmer
Publisher: Oxford University Press
ISBN: 0199889643
Category : Business & Economics
Languages : en
Pages : 264
Get Book Here
Book Description
Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now about developing a second instrument of monetary policy in addition to controlling the interest rate. Roger Farmer directly addresses this issue and offers new creative monetary policy proposals and suggestions for the design of new financial institutions for the 21st century.
Author: Ferri, Piero
Publisher: Edward Elgar Publishing
ISBN: 1802206019
Category : Business & Economics
Languages : en
Pages : 264
Get Book Here
Book Description
Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between income distribution, growth and unemployment becomes increasingly complex. Exploring this new technique to generate a process of growth, based not only on history but disequilibrium, he investigates the current income distribution debate further and the challenges it faces.
Author: Robert M. Solow
Publisher: MIT Press
ISBN: 9780262041102
Category : Business & Economics
Languages : en
Pages : 262
Get Book Here
Book Description
The essays in this book extend and elaborate on many of the important ideas Solow has either originated or developed in the past three decades.
Author: Mr.Bas B. Bakker
Publisher: International Monetary Fund
ISBN: 151350410X
Category : Business & Economics
Languages : en
Pages : 60
Get Book Here
Book Description
This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession was not just cyclical (the result of a lack of aggregate demand); the degree of adjustment of real wages and the impact this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real wages adjusted when the economy slowed down. But in some countries real wage growth stayed too high for too long. The result was large-scale labor shedding, which boosted labor productivity but also contributed to a sharp rise in unemployment. In this context, the paper discusses the different experiences of the UK (where employment increased) and Spain (where it fell sharply), and finds that almost two thirds of the employment losses in Spain resulted from the failure of real wages to adjust adequately.
Author: Philip Arestis
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
Get Book Here
Book Description
Providing an overview of the debates which have surrounded employment in the world of economics, this title includes contributions from many experts in the areas of unemployment and macroeconomics.
