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Productivity, Wages and Prices Inside and Outside of Manufacturing in the US, Japan and Europe

Gordon, Robert J - C.E.P.R. Discussion Papers - 1986

. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies …. The primary theme of the paper is that the differences between Europe and the United States have been substantially … exaggerated in recent work. Europe has neither greater nominal wage flexibility nor more rigid real wages than the United States …

Persistent link: https://www.econbiz.de/10005789135

The Analysis of Unemployment in Interwar Britain: A Survey of Research

Hatton, Timothy J. - C.E.P.R. Discussion Papers - 1985

This paper gives an overview of quantitative work on the interwar labour market, a topic which has received growing attention in recent years. Much of this has been stimulated by the application of simple models to measure the impact of unemployment insurance on labour supply. A review of the...

Persistent link: https://www.econbiz.de/10005666665

Wages and Unemployment Half a Century on

Minford, Patrick - C.E.P.R. Discussion Papers - 1988

The paper surveys recent analyses of rising unemployment in Europe based on the concept of the natural rate. It argues …

Persistent link: https://www.econbiz.de/10005792267

Deregulation, Integration and Market Structure in European Banking

Gual, Jordi - C.E.P.R. Discussion Papers - 1999

This paper analyzes the impact of deregulation and market integration policies on the structure of European banking …

Persistent link: https://www.econbiz.de/10005067386

Tax Reform and the Dutch Labour Market: An Applied General Equilibrium Approach

Bovenberg, A Lans; Mooij, Ruud A de; Graafland, Johan J - C.E.P.R. Discussion Papers - 1998

This paper employs MIMIC, an applied general equilibrium model of the Dutch economy, to explore various tax cuts aimed at combating unemployment and raising labour supply. MIMIC combines modern labour-market theories, a firm empirical foundation, and a detailed description of Dutch labour-market...

Persistent link: https://www.econbiz.de/10005124112

Structural or Cyclical? Unemployment in Latvia Since the 2008-09 Financial Crisis

Anosova, Daria; Sonin, Konstantin; Vanags, Alf; Zasova, Anna - C.E.P.R. Discussion Papers - 2013

In terms of output decline and increase in unemployment, the economic recession in Latvia that started during the 2008-09 financial crisis was one of the most severe in the world. Using both decomposition of the unemployment rate into structural and cyclical components and Mortensen and...

Persistent link: https://www.econbiz.de/10011083363

Wage Rigidity, Implicit Contracts, Unemployment and Economic Efficiency

Newbery, David M G; Stiglitz, Joseph E - C.E.P.R. Discussion Papers - 1985

Implicit contract theory has been successful in explaining wage rigidity but not unemployment. We argue that the theory has paid insufficient attention to (i) the general equilibrium aspects and (ii) constraints limiting the set of feasible contracts. Implicit, as opposed to explicit contracts,...

Persistent link: https://www.econbiz.de/10005504702

Wage Rigidity and Monetary Union

Dellas, Harris; Tavlas, George - C.E.P.R. Discussion Papers - 2003

We compare monetary union to flexible exchange rates in an asymmetric, three-country model with active monetary policy. Unlike Friedman's (1953) case for flexible rates, we find that countries with high degree of nominal wage rigidity are better off in a monetary union. Their benefits increase...

Persistent link: https://www.econbiz.de/10005504261

Post-Reform East and West: Capital Accumulation and the Labor Mobility Constraint

Wyplosz, Charles - C.E.P.R. Discussion Papers - 1991

Assuming that economic reforms are successful in Eastern Europe, what will be the effects on Western Europe? The focus …

Persistent link: https://www.econbiz.de/10005504320

The Macroeconomic Consequences of Reciprocity in Labour Relations

Danthine, Jean-Pierre; Kurmann, Andre - C.E.P.R. Discussion Papers - 2005

We develop and analyse a structural model of efficiency wages founded on reciprocity. Workers are assumed to face an explicit trade-off between the disutility of providing effort and the psychological benefit of reciprocating the gift of a wage offer above some reference level. The model...

Persistent link: https://www.econbiz.de/10005504485