Showing 1 - 10 of 73
This paper presents empirical evidence supporting the proposition that there is a significant asymmetry in the U.S. output-inflation process. The important policy implication of this asymmetry is that it can be very costly if the economy overheats because this will necessitate a severe...
Persistent link: https://www.econbiz.de/10008915339
This paper uses a two-country version of the global economy model to investigate some costs and benefits of a small, emerging economy's abandoning a flexible exchange rate regime in favor of adopting the currency of its main trading partner. The topic is particularly relevant for countries in...
Persistent link: https://www.econbiz.de/10005142040
Persistent link: https://www.econbiz.de/10005199962
Persistent link: https://www.econbiz.de/10005199976
Data for the G-7 countries strongly support the view that economic activity has a nonlinear effect on inflation, with high levels of activity raising inflation by more than low levels decrease it. In the face of such asymmetries, the average level of output in an economy subject to demand shocks...
Persistent link: https://www.econbiz.de/10008915265
Persistent link: https://www.econbiz.de/10013208070
Persistent link: https://www.econbiz.de/10012632249
Liberal theories of post-industrial society and Marxist theories of the labour process tend to converge in their respective accounts of the place of supervisors in relation to putative changes in the organisation of work. A common conjecture is that supervisors are progressively being denuded of...
Persistent link: https://www.econbiz.de/10010891328
Persistent link: https://www.econbiz.de/10004983693
Persistent link: https://www.econbiz.de/10005179478