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Summary of the Report on the Competitiveness of Puerto Rico's Economy

Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
Speech , Paper 86

Journal Article
Spatial and labor market contributions to earnings inequality: an overview

New England Economic Review , Issue May , Pages 1-10

Journal Article
Labor markets and the macroeconomy: conference summary

This Economic Letter summarizes the papers presented at a conference on "Labor Markets and the Macroeconomy" held at the Federal Reserve Bank of San Francisco on March 3 and 4, 2006.
FRBSF Economic Letter

Journal Article
Long-run labor market dynamics and short-run inflation

Economic Perspectives , Volume 18 , Issue Mar , Pages 15-27

Increased price flexibility and output stability

Research Paper , Paper 8803

Working Paper
The role of real wages, productivity, and fiscal policy in Germany's Great Depression, 1928-37

We study the behavior of output, employment, consumption, and investment in Germany during the Great Depression of 1928-37. In this time period, real wages were countercyclical, and productivity and fiscal policy was procyclical. We use the neoclassical growth model to investigate how much these factors contribute to the depression. We find that real wages, which were significantly above their market clearing levels, were the most important factor for the economic decline in the depression. Changes in productivity and fiscal policy were also important for the decline and recovery. Even though ...
Working Paper , Paper 01-07

Journal Article
Where has all the income gone?

Middle American incomes rise substantially even while inequality increases
The Region , Volume 22 , Issue Sep , Pages 24-29, 50-57

Working Paper
Nominal versus real wage rigidities: A Bayesian approach

This paper explores the capability of a dynamic stochastic general equilibrium model with staggered price setting and real wage rigidities to fit the data with reasonable average durations of price and wage contracts. The authors implement a Bayesian approach for parameter estimation and for model comparison with other models that only incorporate nominal rigidities. Their main results can be summarized as follows: First, the authors find that, on average, prices are fixed for three quarters, nominal wages are fixed for five quarters, and half of the wage setters follow a real wage indexing ...
FRB Atlanta Working Paper , Paper 2001-22

Working Paper
Unionization and cost of production: compensation, productivity, and factor-use effects

A demonstration that unionization can affect cost of production through increases in compensation, through shifts in technologies, and through deviations from the least-cost combination of inputs (the factor-use effect).
Working Papers (Old Series) , Paper 8701



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Groshen, Erica L. 21 items

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