Ball, Laurence M. (contributor); … - 2001 - [Elektronische Ressource]
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inflation rate ω is the change in the log of compensation per
hour in the business sector. Unemployment is the unemployment … is the
change in the log of output per hour in the business sector,
from the BLS. As shown below, this series captures … productivity follows Basu
and Kimball (1996), who build on Bils and Cho (1994). Basu and
Kimball assume that, over the business …