Search: macro economy
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macroeconomy?
RBA Glossary definition for macro economy
macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.
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Did Labour Market Concentration Lower Wages Growth Pre-COVID?
1 Mar 2023
RDP
2023-02
The topic has received a lot of focus in recent years in response to slow wages growth, and evidence of increasing inequality and declining labour shares in some advanced economies. ... Errors clustered at the local market level. To provide a sense of
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html
Why has the impact of concentration increased?
1 Mar 2023
RDP
2023-02
Errors clustered at the local market level. To provide a sense of the macro importance of declining entry rates I do a similar calculation as for the sub-sample regressions. ... They do not account for any other effects changes in union membership rates
https://www.rba.gov.au/publications/rdp/2023/2023-02/why-has-the-impact-of-concentration-increased.html