Inflation and the Real Exchange Rate in CEECs: Does Productivity Growth Really Matter?During their decade-long haul towards the market economy, most of Central Europe's transition economies have experienced a very rapid productivity growth, especially in their industrial sector. A first glance at ...
Productivity Growth, Inflation, and Unemployment: The Theory of Domestic Inflation This paper studies the impact of long-run productivity growth on job finding and separation rates, and thus the unemployment rate, using a search and match... RJ Gordon,RM Solow 被引量: 1发表: 2003年 Productivity...
Teamwork makes the dream work! Recent statistics show that effective collaboration can boost customer satisfaction by a whopping 41% and even lead to a 21% increase in profitability8. That's because when teams work together well, they bring a whole range of perspectives and skills to the ...
On his blog yesterday MacCulloch reminds us of one of those empirical regularities of macroeconomics – the correlation between savings rates and investment rates – and claims that much of Singapore’s economic success is down to their compulsory private savings policy; that without something similar...
Frankly speaking, I choose my time for writing depending on the amount of work that needs to be finished in a day. So, in effect, I try to choose any time that is available for me to write. No matter morning, evening, night, or midnight. ...
Productivity growth is much more than an economic concept: it is at the core of shared prosperity. Businesses and policy makers in advanced and emerging economies alike need to take action and create the conditions to boost investment, which underlies the technological, economic, and social transfor...
True or false? A constant returns to scale firm has the same marginal cost of production no matter its production. The supply of labor will not change all prices and wage rates by the same percentage. True or false? If an aggregate production function exhibits diminishing...
No matter how much time you spend customizing your CRM, it’s only as good as the people using it. Training your team to use the system isn’t optional – it’s essential. A shiny, perfectly customized CRM won’t do much if your employees avoid it like a leftover tuna sandwich in ...
1. Lack of Meaning You can be forgiven for thinking that meaning shouldn't matter much. For two centuries during the industrial revolution, factory owners cared little for how meaningful screwing in screws or attaching wires was, yet they created the greatest productivity boost in history. ...
Complicating matters, firms today are confronting a new capital markets reality. Interest rates are higher, as is asset price volatility.27More turbulence may be ahead as global balance sheets deleverage. How this will impact investment is unclear: in the long term, real interest rates matter and...