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A Comment on "Labor Markets, Unemployment, and Minimum Wages: A New View."

Lin, Chung-cheng - In: Eastern Economic Journal 27 (2001) 1, pp. 71-82

Palley (1995) recently built a job-hour model to provide us with a new view regarding the reason for unemployment and …

Persistent link: https://www.econbiz.de/10005769925

A Dual Mandate for the Federal Reserve: The Pursuit of Price Stability and Full Employment

Thorbecke, Willem - In: Eastern Economic Journal 28 (2002) 2, pp. 255-268

, under the current mandate the U.S. has experienced low inflation and low unemployment, while many inflation …-targeting countries have experienced double-digit unemployment. Second, the costs of unemployment are substantial while the costs of …, if the price level is not free to adjust, an adverse supply shock can cause large increases in unemployment. …

Persistent link: https://www.econbiz.de/10005641686

Push or pull? : measuring the labor supply response to the minimum wage using an individual-level panel

Boffy-Ramirez, Ernest - In: Applied economics 54 (2022) 35, pp. 4043-4059

Persistent link: https://www.econbiz.de/10013410866

Say's Law of Markets: What Did It Mean and Why Should We Care?

Blaug, Mark - In: Eastern Economic Journal 23 (1997) 2, pp. 231-235

When the Classical economists asserted the "impossibility of general overproduction," or what we now call Say's Law of Markets, they had in mind not periodic crises or business cycles but secular stagnation. Could the capitalist system absorb the constant increases in output without breakdown...

Persistent link: https://www.econbiz.de/10005769850

Did the Verdoorn Law Hang on Japan

Wulwick, Nancy J. - In: Eastern Economic Journal 17 (1991) 1, pp. 15-20

Kaldor (1966) presented Verdoorn "law," having found a statistically significant relation between manufacturing productivity growth and manufacturing output growth using least squares on a small postwar sample that included Japanese data. Rowthorn (1975) claimed that the Verdoorn "law" fell...

Persistent link: https://www.econbiz.de/10005769935

Introduction to Symposium on the European Economic and Monetary Union

Forstater, Mathew - In: Eastern Economic Journal 25 (1999) 1, pp. 31-34

This article is a short introduction to the 5 paper symposium on the European economic and monetary union appearing in this issue.

Persistent link: https://www.econbiz.de/10005769967

Currency Stabilization through Full Employment: Can EMU Combine Price Stability with Employment and Income Growth?

Kregel, J.A. - In: Eastern Economic Journal 25 (1999) 1, pp. 35-47

The convergence criteria that were introduced to allow the creation of a common currency, the EURO, in the European Union appear to sacrifice growth and employment for price stability. Yet, this conflict will have to be resolved if the European project is to succeed. This paper suggests that...

Persistent link: https://www.econbiz.de/10005769986

Wage Changes, Establishment Growth, and the Effect of Composition Bias

Galizzi, Monica - In: Eastern Economic Journal 31 (2005) 2, pp. 165-184

This paper examines the relationship between wages and employment at the establishment level. It exploits a sample of Italian firms and workers. To correct for a potential labor composition effect, estimations use both the change in the firm's average wage and the mean of individual wage changes...

Persistent link: https://www.econbiz.de/10005641616

On Gluts, Effective Demand, and the True Meaning of Say's Law

Jonsson, Petur O. - In: Eastern Economic Journal 23 (1997) 2, pp. 203-218

The meaning of Say's Law may seem an issue of little relevance to economists today. It would seem, on the face of it, of interest only to historians of economics. Whatever Say's Law might mean, the one thing we economists know, or at least think we know, is that it was comprehensively refuted by...

Persistent link: https://www.econbiz.de/10005641757

The Changing Probability of a Monetary Policy Response to Inflation and Employment Announcements

Kearney, Adrienne A. - In: Eastern Economic Journal 29 (2003) 4, pp. 565-574

This paper investigates the changing probability of a monetary policy response to inflation and employment announcements within the Federal Funds targeting procedure. It is found that employment announcements are significantly linked to Federal Reserve policy actions and the probability of no...

Persistent link: https://www.econbiz.de/10005641852