Author: Jahangir AzizPublisher:
ISBN:
Category :
Languages : en
Pages : 132
Book Description
Essays on the Cyclical Behavior of Employment and Productivity
Author: Jahangir AzizThree Essays on Productivity (RLE: Business Cycles)
Author: Mark J. LaskyPublisher: Routledge
ISBN: 1317502515
Category : Business & Economics
Languages : en
Pages : 157
Book Description
The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.
Essays on the Great Depression
Author: Ben S. BernankePublisher: Princeton University Press
ISBN: 0691259666
Category : Business & Economics
Languages : en
Pages : 352
Book Description
From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. Essays on the Great Depression brings together Bernanke’s influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.
Labor Markets and Business Cycles
Author: Robert ShimerPublisher: Princeton University Press
ISBN: 1400835232
Category : Business & Economics
Languages : en
Pages : 189
Book Description
Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.
New Developments in Productivity Analysis
Author: Charles R. HultenPublisher: University of Chicago Press
ISBN: 0226360644
Category : Medical
Languages : en
Pages : 648
Book Description
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
The Cyclicality of Worker Flows: Evidence from Germany
Author: Daniela NordmeierPublisher: wbv Media GmbH & Company KG
ISBN: 3763940804
Category : Social Science
Languages : en
Pages : 133
Book Description
Die Entwicklung von Arbeitslosigkeit und Beschäftigung wird maßgeblich von den Übergängen auf dem Arbeitsmarkt beeinflusst. Daniela Nordmeier analysiert die Übergänge von Arbeitskräften, also Einstellungen und Entlassungen, im konjunkturellen Kontext. Dabei stützt sie sich auf prozessgenerierte Personendaten des IAB, welche einen umfassenden Einblick in die Dynamik am deutschen Arbeitsmarkt ermöglichen. Die Arbeit umfasst drei eigenständige wissenschaftliche Aufsätze, die zentrale Aspekte dieser Thematik beleuchten: * Zeitaggregation bei der Messung von Arbeitsmarktübergängen * Dynamik der Arbeitslosigkeit in Abhängigkeit von strukturellen Schocks * Modellierung von Einstellungen mithilfe einer Matchingfunktion.
Essays in Quantitative Macroeconomics
Author: Facundo SepulvedaPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 194
Book Description
Essays on the Great Depression
Author: Ben S. BernankePublisher: Princeton University Press
ISBN: 1400820278
Category : Business & Economics
Languages : en
Pages : 321
Book Description
From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.
Study Papers
Author: United States. Congress. Joint Economic CommitteePublisher:
ISBN:
Category : United States
Languages : en
Pages : 124
Book Description
Author: