The Structuralist Perspective on Real Exchange Rate, Share Price Level and Employment Path: What Room Is Left for Money?
The current sluggish performance of the US economy follows one of the more remarkable booms in modern history. The late 1990s was a period of simultaneous output and productivity growth,1 low unemployment and stable inflation, culminating in an unemployment rate of only 3.9% in the fourth quarter of...
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Main Authors: | Phelps, Edmund S., HOON, Hian Teck, ZOEGA, Gylfi |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2004
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Online Access: | https://ink.library.smu.edu.sg/soe_research/781 https://ink.library.smu.edu.sg/context/soe_research/article/1780/viewcontent/newschool.pdf |
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Institution: | Singapore Management University |
Language: | English |
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