Unemployment and Productivity in the Long Run

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Publisher : International Monetary Fund
ISBN 13 : 1455209597
Total Pages : 51 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Unemployment and Productivity in the Long Run by : Pierpaolo Benigno

Download or read book Unemployment and Productivity in the Long Run written by Pierpaolo Benigno and published by International Monetary Fund. This book was released on 2010-11-01 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Growth, Productivity, Unemployment

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Publisher : MIT Press
ISBN 13 : 9780262041102
Total Pages : 262 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Growth, Productivity, Unemployment by : Robert M. Solow

Download or read book Growth, Productivity, Unemployment written by Robert M. Solow and published by MIT Press. This book was released on 1990 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The American Economy

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Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The American Economy by : United States. Panel on the American Economy: Employment, Productivity, and Inflation

Download or read book The American Economy written by United States. Panel on the American Economy: Employment, Productivity, and Inflation and published by . This book was released on 1981 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity Growth, Inflation, and Unemployment

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Publisher : Cambridge University Press
ISBN 13 : 9780521531429
Total Pages : 520 pages
Book Rating : 4.5/5 (314 download)

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Book Synopsis Productivity Growth, Inflation, and Unemployment by : Robert James Gordon

Download or read book Productivity Growth, Inflation, and Unemployment written by Robert James Gordon and published by Cambridge University Press. This book was released on 2004 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description

A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States

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Publisher : International Monetary Fund
ISBN 13 : 1451952171
Total Pages : 65 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States by : International Monetary Fund

Download or read book A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-10-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, is found to have declined in the 1980s. The paper concludes with an assessment of medium-term prospects for potential output and-the natural rate.

Unemployment and Productivity Growth

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Unemployment and Productivity Growth by : Michael Bräuninger

Download or read book Unemployment and Productivity Growth written by Michael Bräuninger and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment by : Alan Manning

Download or read book Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment written by Alan Manning and published by . This book was released on 1992 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Three Essays on Productivity (RLE: Business Cycles)

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Publisher : Routledge
ISBN 13 : 1317502523
Total Pages : 190 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Three Essays on Productivity (RLE: Business Cycles) by : Mark J. Lasky

Download or read book Three Essays on Productivity (RLE: Business Cycles) written by Mark J. Lasky and published by Routledge. This book was released on 2015-03-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.

Why is Unemployment So High at Full Capacity?

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Why is Unemployment So High at Full Capacity? by : David T. Coe

Download or read book Why is Unemployment So High at Full Capacity? written by David T. Coe and published by . This book was released on 1990 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity Growth and the Phillips Curve

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (437 download)

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Book Synopsis Productivity Growth and the Phillips Curve by : Marika Karanassou

Download or read book Productivity Growth and the Phillips Curve written by Marika Karanassou and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity, Aggregate Demand and Unemployment Fluctuations

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Productivity, Aggregate Demand and Unemployment Fluctuations by : Régis Barnichon

Download or read book Productivity, Aggregate Demand and Unemployment Fluctuations written by Régis Barnichon and published by . This book was released on 2008 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Employment and Economic Performance

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Publisher : OUP Oxford
ISBN 13 : 9780198290933
Total Pages : 284 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Employment and Economic Performance by : Jonathan Michie

Download or read book Employment and Economic Performance written by Jonathan Michie and published by OUP Oxford. This book was released on 1997 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Global Productivity

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Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Measuring Entrepreneurial Businesses

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Publisher : University of Chicago Press
ISBN 13 : 022645407X
Total Pages : 488 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Measuring Entrepreneurial Businesses by : John Haltiwanger

Download or read book Measuring Entrepreneurial Businesses written by John Haltiwanger and published by University of Chicago Press. This book was released on 2017-09-21 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.

Global Employment Trends 2012

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Publisher : International Labour Organisation
ISBN 13 : 9789221249245
Total Pages : 120 pages
Book Rating : 4.2/5 (492 download)

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Book Synopsis Global Employment Trends 2012 by : International Labor Office

Download or read book Global Employment Trends 2012 written by International Labor Office and published by International Labour Organisation. This book was released on 2012 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The annual Global Employment Trends (GET) reports provide the latest global and regional estimates of employment and unemployment, employment by sector, vulnerable employment, labour productivity and working poverty, while also analysing country-level issues and trends in the labour market. Based on the most recently available data and taking into account macroeconomic trends and forecasts, the GET reports seek to shed light on current labour market trends and challenges. The reports build on the Key Indicators of the Labour Market and include a consistent set of tables with regional and global estimates of labour market indicators. Each report contains a short-term labour market outlook, focusing on unemployment, vulnerable employment and working poverty. The Global Employment Trends 2012 takes stock of labour market developments and emerging challenges as the world continues to struggle to forge a sustainable recovery from the global economic and jobs crisis.

Uncertainty and Unemployment

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Publisher : International Monetary Fund
ISBN 13 : 1498356303
Total Pages : 26 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Uncertainty and Unemployment by : Sangyup Choi

Download or read book Uncertainty and Unemployment written by Sangyup Choi and published by International Monetary Fund. This book was released on 2015-02-23 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a “wait-and-see” mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors.

Wage Moderation and Labour Productivity

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Publisher :
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Wage Moderation and Labour Productivity by : Fredrick Hendrick Huizinga

Download or read book Wage Moderation and Labour Productivity written by Fredrick Hendrick Huizinga and published by . This book was released on 2004 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the Dutch economic policy debate, wage moderation is widely considered as a key factor for achieving economic growth and low unemployment. However, some economists criticise the policy emphasis on wage moderation, claiming that high wages are needed to maintain structural labour productivity growth. This paper analyses the effects of a wage push on labour productivity within the framework of endogenous technological progress, endogenous technology adoption and insufficient competition. The conclusion is that a wage push raises labour productivity in the short run. However, this rise in labour productivity is temporary and inefficient. In the long run, a wage push may well harm labour productivity. The main message of the paper is that it is probably best not to use wage policy at all as a tool to influence productivity. As a tool against unemployment, however, it is very effective. These insights are applied in a review of the Dutch post-war productivity growth."--Editor.