Productivity Growth, Inflation, and Unemployment PDF Download

Author: Robert James Gordon
Publisher: Cambridge University Press
ISBN: 9780521531429
Category : Business & Economics
Languages : en
Pages : 520

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Author: United States. Panel on the American Economy: Employment, Productivity, and Inflation
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 100

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Author: Marika Karanassou
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Robert M. Solow
Publisher: MIT Press
ISBN: 9780262041102
Category : Business & Economics
Languages : en
Pages : 262

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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: Pierpaolo Benigno
Publisher: International Monetary Fund
ISBN: 1455209597
Category : Business & Economics
Languages : en
Pages : 51

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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: L. A. Finley
Publisher: Nova Publishers
ISBN: 9781594542725
Category : Business & Economics
Languages : en
Pages : 206

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By 'economic growth' economists mean, in the first place, annual increases in the nation's total output of goods and services -- its national product. Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Economic growth and the productivity are impacted by individual enterprises, industrial sectors and the wider economy. The standard of living of a country is profoundly effected by economic growth and productivity. One of the key questions within the debate on economic growth and productivity is the effect of information technology on the system. This new book presents leading edge research on this exciting topic.

Author: Ian Dew-Becker
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 104

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In addition to its micro analysis, this paper also asks whether faster productivity growth reduces inflation, raises nominal wage growth, or raises profits. We find that an acceleration or deceleration of the productivity growth trend alters the inflation rate by at least one-for-one in the opposite direction. This paper revives research on wage adjustment and produces a dynamic interactive model of price and wage adjustment that explains movements of labor's share of income.

Author: Jonathan Michie
Publisher: OUP Oxford
ISBN: 9780198290933
Category : Business & Economics
Languages : en
Pages : 284

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From a post-war assumption that full employment could be maintained through demand management techniques, we now live in an entirely different world. The contributors to this volume consider whether full employment is possible or affordable.

Author: Lloyd J. Dumas
Publisher: Univ of California Press
ISBN: 9780520061699
Category : Business & Economics
Languages : en
Pages : 316

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Argues that the American economy has continued to decine since the late 1960s and includes ideas for America's revitalization.

Author: Mr.Gee Hee Hong
Publisher: International Monetary Fund
ISBN: 1484345355
Category : Business & Economics
Languages : en
Pages : 44

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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.