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discusses the NAIRU theory and presents econometric evidence to assess the relative importance of capital investment and labor … unemployment in the long run? -- 3. The NAIRU theory, the NAIRU story and Keynesian approaches -- 4. Explaining the rise in … the theory of the firm : financialization and management priorities -- 6. Financialization and the slowdown of capital …
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The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many...
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"Productivity is an essential concept in almost every field related to Economics and Management. As Paul Krugman wrote in \The Age of Diminishing Expectations (1994)" \Productivity isn't everything, but in the long run it is almost everything. A country's ability to improve its standard of...
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The process of monetary integration in Europe began amid widespread skepticism among economists about the project. But today the success of the euro has prompted a reconsideration of whether monetary unions should be implemented elsewhere. This CESifo volume assesses contemporary theoretical and...
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Productivity varies widely between industries and countries, but even more so across individual firms within the same sectors. The challenge for governments is to strike the right balance between policies designed to increase overall productivity and policies designed to promote the reallocation...
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