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Wherein Do the European and American Models Differ?

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Author Info

  • Samuelson, P.A.

Abstract

Particularly in the 1990s economists in America have been surprised by how good or how lucky has been our macro performance compared to our peers abroad. We pinch ourselves and ask: "What went right?" And, by implication, authorities in Europe must be looking in their mirror and wondering: "Where had we been going wrong? What one fool can do, why can't another?" While Europe has attained and maintained two-digit rates of unemployment, in America there have been created tens of millions of new jobs. And for the most part this has not been bought at the expense of accelerating price inflation and a short-lived full employment.

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Bibliographic Info

Paper provided by Banca Italia - Servizio di Studi in its series Papers with number 320.

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Length: 20 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:banita:320

Contact details of provider:
Postal: Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.
Web page: http://www.bancaditalia.it/
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Related research

Keywords: EUROPE ; MACROECONOMICS;

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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Paul Samuelson, noblista z 1970 r., nie żyje
    by e.G in Obserwator Finansowy on 2009-12-14 16:30:24
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Cited by:
  1. Annamaria Simonazzi & Paola Villa, 1999. "Flexibility and Growth," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(3), pages 281-311.

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