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... workers" that is, giving jobs to the previously unemployed. As a result, "labor market conditions can become so tight that the rise in nominal wages will start increasingly outpacing the gains in labor productivity" that is, workers who know that jobs are plentiful ...

한국경제 | 1999.05.26 00:00

... much lower level of unemployment than before without generating rising inflation. Second, it is suggested that there has been a pronounced ... unemployment has fallen. According to Goldman Sachs, the recent rise in energy prices will be sufficient to bring about a blip in the ...

한국경제 | 1999.05.19 00:00

Old myths die hard. Old economic theories die even harder. Remember the one about inflation rising as unemployment falls? How about productivity dropping as the business cycle ages? Or the U.S. is a mature economy doomed to slow growth? One old favorite ...

한국경제 | 1999.05.13 00:00

... Old economic models tell us that the economy should be slowing this late in the business cycle. Instead, domestic demand is rising. Inflation should be surging. It is falling. Productivity should be plummeting. Yet it, too, is rising. Key concepts, such as NAIRU, ...

한국경제 | 1999.04.29 00:00

... convince the next guy that the stock will be worth more tomorrow than it was yesterday. But no market in history has continued to rise without bound. The Dutch tulip bulb mania of the 16th century, the Florida land bubble in the 1920s and the speculations in precious ...

한국경제 | 1999.04.26 00:00

Alexis de Tocqueville observed that the love of wealth is at the bottom of all that Americans do. That was back in 1835. And just recently, data from the Federal Reserve confirm that Americans as a whole are getting dramatically wealthier, thanks...

한국경제 | 1999.04.19 00:00

... of the savings they built up during the crisis, and catch up on essential purchases they have had to delay. As the year goes on, rising unemployment will discourage spending. And looking further ahead, as recent behaviour in the Japanese bond markets has shown, high ...

한국경제 | 1999.04.12 00:00

... anticipation of still lower prices. It will not, as intended, create inflation and make people buy things in fear that prices will rise. Excess money has never ended deflation. ( 중략 ) Japan could dump money from airplanes. But sacks of cash don''t fuel growth. ...

한국경제 | 1999.04.01 00:00

... increases seems to have vanished, and you get a grab bag of reasons. ( 중략 ) Probably the most persuasive story is that wages don"t rise even in a tight labor market because companies are too worried about their own competitive positions. These days competition ...

한국경제 | 1999.03.25 00:00

... nearly three-tenths of 1 percent, on the day. While 10,000 is an eye-popping number, analysts noted that in percentage terms the rise from 9,000 was less significant than any of the other 1,000-point gains the average has recorded during its long bull run, which ...

한국경제 | 1999.03.18 00:00