Jorgenson and Motohashi’s paper looks at how the role information technology affects economic growth in Japan and the United States. The percentage of Japanese GDP…
Month: January 2015
Japan, over the past 5 years, has experienced spikes and declines in GDP growth rate, but has remained relatively stable. However, the overall productivity of…
According to the Conference Board Total Economy Database, Brazil’s labor productivity per person employed tripled between 1950 and 2013. Comparatively, Argentina’s labor productivity doubled in…
In the face of a recent world economic crisis, Germany’s economy has improved remarkably. According to purchasing power parity terms, Germany boasts the fifth largest…
Daniel Sichel’s paper looks at the slowdown in productivity since 1970. Economists have been puzzled at this slowdown as it has been unlike anything in…
In their 2008 paper “The Role of Labor Market Changes in the Slowdown of European Productivity Growth”, Ian Dew-Becker and Robert J. Gordon discuss the…
In the United States, Works Councils have been in the news since the attempt to form the first Works Council in the United States at Volkswagen’s…
Last time, we read a paper by Robert Gordon on the historical trends and future perspectives of the U.S economic growth. In his paper, Gordon…
There are 20,000 members of the American Economic Association, the profession’s premier professional association. There are many PhD economists in the US who are not…
Learn about the global macro outlook … the IMF publishes in English, too. Click to download.
Select blogs from this morning, one way to look for ideas: ponder the macro issues each raises. Remember the resources are at the left: EconPapers,…
Here are 4 graphs that give an overview of inflation from the perspective of both producers and consumers. Data are percent change from the same month of the previous year.
On the left is the overall movement, on the right data that excludes food and energy. In other words, if we ignore the recent drop in commodity prices, which is a one-time event rather than a trend, what does inflation look like?
Click on the graphs to enlarge them.