Mewael F Tesfaselassie
Biographic Data
| ID | 5738614 |
|---|---|
| NAME | Mewael F Tesfaselassie |
| GIVEN NAMES | Mewael F |
| FAMILY NAME | Tesfaselassie |
| SIGNATURE | TESFASELASSIE M F |
| AFFILIATIONS | University of Mannheim |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 2 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2019 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 0 |
Technological Growth and Hours in the Long Run
Over the last few decades, hours worked per capita have declined substantially in many OECD economies. Using the standard neoclassical growth model with endogenous work–leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction in technological growth decreases steady‐state hours worked by increasing the consumption–output ratio. Our empirical analysis exploits cr…
The Real Effects of Credible Disinflation in the Presence of Real Wage Rigidities
The paper re‐examines the real effects of credible disinflation in the presence of real wage rigidities and non‐linear dynamics. A credible, gradual disinflation is shown to lead to a delayed output slump along the transition path if real wage rigidities are sufficiently strong. This result is novel and holds across alternative models of nominal inertia—price staggering and price adjustment costs. In the special case of a cold‐turkey disinflation…
No prominent works on this page.
The Real Effects of Credible Disinflation in the Presence of Real Wage Rigidities
The paper re‐examines the real effects of credible disinflation in the presence of real wage rigidities and non‐linear dynamics. A credible, gradual disinflation is shown to lead to a delayed output slump along the transition path if real wage rigidities are sufficiently strong. This result is novel and holds across alternative models of nominal inertia—price staggering and price adjustment costs. In the special case of a cold‐turkey disinflation…
Technological Growth and Hours in the Long Run
Over the last few decades, hours worked per capita have declined substantially in many OECD economies. Using the standard neoclassical growth model with endogenous work–leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction in technological growth decreases steady‐state hours worked by increasing the consumption–output ratio. Our empirical analysis exploits cr…
Economics (2 works) · Boom (1 work) · Consumption (sociology) (1 work) · Demographic economics (1 work) · Demography (1 work) · Disinflation (1 work) · Econometrics (1 work) · Economic growth (1 work) · Economic Growth and Productivity (1 work) · Economic theories and models (1 work)