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Andrews, Dan; Jencks, Christopher; Leigh, Andrew - Research School of Economics, College of Business and … - 2010

Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile’s income share is associated with a...

Persistent link: https://www.econbiz.de/10008485494

Unemployment Persistence and the Unemployment-Productivity Relation

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

This paper explores the interrelation between the degree of unemployment persistence and the unemployment-productivity …

Persistent link: https://www.econbiz.de/10005662035

The Thatcher Miracle?

Layard, Richard Grenville; Nickell, Stephen - C.E.P.R. Discussion Papers - 1989

Since 1979 productivity growth in Britain has improved markedly compared with Europe. The turnaround in productivity … has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … (which does little to restrain inflation). …

Persistent link: https://www.econbiz.de/10005666884

Competition, Globalization and the Decline of Inflation

Chen, Natalie; Imbs, Jean; Scott, Andrew - C.E.P.R. Discussion Papers - 2004

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

Persistent link: https://www.econbiz.de/10005667140

Trends in European Productivity and Real Exchange Rates: Implications for the Maastricht Convergence Criteria and for Inflation Targets after EMU

Canzoneri, Matthew B; Diba, Behzad; Fudey, Gwen - C.E.P.R. Discussion Papers - 1996

productivity for the differences in regional inflation under a common currency. Comparisons are made with regional productivity …While overall inflation has fallen dramatically in countries like Italy and Spain, inflation in the home good sector … remains stubbornly higher than inflation in the traded good sector. If nominal exchange rates are fixed, these real …

Persistent link: https://www.econbiz.de/10005136589

Forecast Combination and Model Averaging Using Predictive Measures

Eklund, Jana; Karlsson, Sune - C.E.P.R. Discussion Papers - 2005

application to forecasts of the Swedish inflation rate where forecast combination using the predictive likelihood outperforms …

Persistent link: https://www.econbiz.de/10005792336

Income and schooling

Brückner, Markus; Gradstein, Mark - C.E.P.R. Discussion Papers - 2013

Whereas existing literature has documented strong correlations between national incomes and measures of schooling attainment, causality has been hard to pin down. Much of empirical work had tended to interpret these correlations as implying an effect of human capital on national income, but...

Persistent link: https://www.econbiz.de/10011083727

Measuring the Transformation of the European Economies: Income, Health and Welfare

Floud, Roderick - C.E.P.R. Discussion Papers - 1984

The measurement of national income has added greatly to our understanding of economic and social change in Europe over the past hundred years. But national income analysis does not take full account of changes in welfare and particularly of the causes and effects of long-term changes in the...

Persistent link: https://www.econbiz.de/10005666852

Precipitation, Profits, and Pile-Ups

Leigh, Andrew - Research School of Economics, College of Business and … - 2009

In considering the economic impacts of climatic changes, economists frequently use annual national income as a proxy for social welfare. I show that such studies suffer from a significant bias, arising from the fact that such models typically ignore changes in mortality rates. Using panel data...

Persistent link: https://www.econbiz.de/10008511764

Economic Conditions in Early Modern Bengal: A Contribution to the Divergence Debate

Roy, Tirthankar - C.E.P.R. Discussion Papers - 2009

The paper contributes to the debate on relative levels of living in the early modern world by estimating the income of and probable range of income growth in Bengal before European colonization. The exercise yields two conclusions, (a) average income in Bengal was significantly smaller than that...

Persistent link: https://www.econbiz.de/10008577812