The decline is owed to structural factors, including demographics, high domestic costs, and globalization.
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Powerful structural factors will continue to reinforce the relative strength of the emerging world.
Long-run growth rates are driven by structural factors not monetary policy, which mainly affects output over the cycle.
The drop in unemployment occurs even when structural factors are taken into account.
But talk of a pensions crisis only exposes the pact's longstanding failure to distinguish properly between cyclical and structural factors.
Bernanke also says in the speech that he does not think structural factors are a major driver of persistently-high unemployment, at least not yet.
We also believe that ultimately the various structural factors negatively affecting demand outside Brazil will continue to manifest themselves, despite the recent improvement in asset markets.
To sum up, I can easily accept that the American middle-class and southern Europe could be experiencing significant real wage declines as a result of real or structural factors.
The heart not only beat in the first quarter from pull-forward weather related sales in the U.S., but from structural factors globally that raise the prospect of Wal-Mart shares moving higher in the medium-term.
Centre for Economic Policy Research academics, led by David Begg, have suggested that the pact should be made less rigid, with an independent body of experts deciding whether a country's deficit was due to recession or structural factors such as overspending on the pensions system.
When looking at how all of us can maintain and strengthen our engagement in the AIDS response, I am fully committed that UNESCO will continue to address the social and structural factors that fuel the epidemic, including gender inequality and stigma and discrimination, and to empower young people to make healthy, informed decisions.
RU's apparent fall during the 1990s has been caused by temporary inflation-dampening factors or lasting structural changes.
While reforms like the fee disclosure rules from the U.S. Department of Labor (slated to take effect July 1) are positive steps, the Demos model described in their report shows how listing fees on account statements will not address the other factors that keep fees high nor fix the structural weaknesses in the current risky, individualized retirement system.
This suggests that unemployment is increasingly caused not by cyclical factors when workers are temporarily laid off as aggregate demand drops but by structural changes, when whole job categories and industries suffered permanent reversal.
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