Economic Policy Following the Terrorist Attacks

America has shown its best side in recent weeks in the efforts to help the victims of September 11. And it is showing its strength as it moves to strike back and tighten security at home. Dealing with the economic impact of these horrendous crimes has, appropriately, not been the first priority.

Productivity and the Services of Capital and Labor

macroeconomics, productivity, labor

The Productivity Growth Slowdown by Industry

macroeconomics, financial crisis, crises, U.S. markets, international markets

Contract Theory and the Moderation for Inflation by Recession and by Controls

macroeconomics, contract theory, inflation, recession

What Does International Experience Tell Us About Regulatory Consolidation?

Describes the integrated, twin peaks, functional, and institutional approaches to financial regulation and draws lessons from how Canada's, the United Kingdom's, Australia's, and other countries' regulatory structures have fared in the financial crisis

Macroeconomic Effects of Selective Public Employment and Wage Subsidies

macroeconomics, wage subsidies, selective public employment

Transforming the European Economy

Europe grew rapidly for many years, but now, faced with greater challenges, several of the large economies in Europe have either failed to generate enough jobs or have failed to achieve the highest levels of productivity or both. This study explores why Europe's growth slowed, what contribution information technology makes to growth, and what policies could facilitate economic transformation. It emphasizes a system with strong work incentives and a high level of competitive intensity. Europe doesn't need to eliminate its protections for individuals, the authors conclude, but both social programs and policies toward business must be reoriented so that they encourage economic change.

The Productivity Slowdown, Measurement Issues, and the Explosion of Computer Power

macroeconomics, Productivity Slowdown, Measurement Issues, Computer Power

Innovation and Productivity in U.S. Industry

macroeconomics, U.S. industry, productivity, manufacturing, textiles, chemicals