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[CEPR Discussion Papers] Abstract: This paper develops a political economy model of multiple unemployment equilibria to provide a theory of an endogenous natural rate of unemployment. This model is applied to the UK and the US interwar period which is .
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[Degrees and Courses] Graduate Degree Courses of Economics, Arts, & Science at Virginia ...: Advanced treatment of the analysis and optimization of risky economic decisions using mathematical tools and analytic concepts. Topics include: structuring risky decision problems, measuring uncertainty, risk preferences, optimal choices under uncertainty, value of information, and communication of uncertainty.
[Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal] Intermediate Macroeconomics Schedule and Readings: Macroeconomics, review 10.3, review 12.4, 13, 14.1, 16.1-16.4W Apr 2: Should Conservatives Be Central Bankers?
[R essources ESPO] macroéconomie_06022008: Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the inflation target put forward by the European Central Bank. The estimates presented in this paper suggest that the NAIRU compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the concept of the ILO.
[Cambridge Forecast Group Blog] GROWTH THEORY: However, savings is in part determined by the profits of stock: as the capital stock of a country increases, Smith posited, profit declines - not because of decreasing marginal productivity, but rather because the competition of capitalists for workers will bid wages up. So lowering the living standards of workers was another way to maintain or improve growth (although the counter-effect would be to reduce labor supply growth).
[disco-tech | Discovery Institute's Technology Blog] The Big Boom: Jack Kemp, Reagans tax cuts both spurred growth and soaked up excess money, thus reducing inflation. Fed chairman Paul Volckers tighter monetary policy stabilized the dollar and gave entrepreneurs and investors a stable platform from which to launch new enterprises.
[Cambridge Forecast Group Blog] ECONOMICS OF GROWTH & ADJUSTMENT: BOOK: spin-globe.gif. books-globe.gif. globe-purple.gif. history.gif. world.gif. compass.gif. loudspeaker.gif. agenor.jpg. The Economics of Adjustment and Growth. Second Edition. Pierre-Richard Agénor. Acknowledgments ...
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