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Has the U.S. wage phillips curve flattened? A semi-structural exploration
The deep and prolonged recession triggered by the global financial
crisis of 2007–2009 led to a large increase in the unemployment rate in
most advanced economies. Ten years later, at the time of writing this
paper, the recession has long ended, and the subsequent recoveries
have brought the ...
The transformation and performance of emerging market economies across the great divide of the global financial crisis
Before the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the ...