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National Bureau of Economic Research (Cambridge, Estados Unidos)

Overview
Works: 532 works in 532 publications in 1 language and 1,584 library holdings
Genres: Conference papers and proceedings 
Classifications: HF1456.5.E825, 382.097304
Publication Timeline
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Publications about National Bureau of Economic Research (Cambridge, Estados Unidos)
Publications by National Bureau of Economic Research (Cambridge, Estados Unidos)
Most widely held works by National Bureau of Economic Research (Cambridge, Estados Unidos)
Issues in US-EC trade relations by Robert E Baldwin( Book )
1 edition published in 1988 in English and held by 5 libraries worldwide
The incentive for working hard : explaining hours worked differences in the U.S. and Germany by Linda A Bell( Book )
1 edition published in 2000 in English and held by 3 libraries worldwide
This paper seeks to explain the greater hours worked by Americans compared to Germans in terms of forward-looking labor supply responses to differences in earnings inequality between the countries. We argue that workers choose current hours of work to gain promotions and advance in the distribution of earnings. Since US earnings are more unequally distributed than German earnings, the same extra work pays off more in the US, generating more hours worked. Supporting this inequality-hours hypothesis, we show that in both countries hours worked is positively related to earnings inequality in cross section occupational contrasts and that hours worked raises future wages and promotion prospects in longitudinal data
Should monetary policy respond strongly to output gaps? by Bennett T McCallum( Book )
1 edition published in 2001 in English and held by 3 libraries worldwide
Much recent monetary policy analysis has featured stochastic simulations with small structural macroeconomic models that include: a spending vs. saving (IS') sector; a price-adjustment sector; and an interest rate policy rule. The first two are frequently specified so as to reflect optimizing behavior; policy may or may not be specified as optimizing depending on the study's objectives. Some leading issues concern modifications to simple quantitative optimizing models that are needed to generate realistic degrees of persistence in inflation and output-gap variables. A major policy issue is whether it is desirable for monetary policy to respond strongly to the output gap. The paper argues that the latter is unobservable and considers the implications of using a trend-type measure while the true concept is of a type more in keeping with basic theory. In such circumstances, highly undesirable consequences are likely to ensue if policy responds strongly to the measured gap
 
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English (3)
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