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~institution:"Committee for Economic Development / Research and Policy Committee"
~institution:"Federal Reserve Bank of San Francisco"
~institution:"Federal Reserve Board (Board of Governors of the Federal Reserve System)"
~subject:"Business cycles"
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Employment and Firm Heterogeneity, Capital Allocation, and Countercyclical Labor Market Policies
Epstein, Brendan
;
Shapiro, Alan Finkelstein
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Federal Reserve Board (Board of Governors of the …
-
2014
Many countries have large employment shares in micro and small firms that have limited access to formal financing and therefore rely on input credit. Such countries are mainly emerging and developing economies, whose business cycle dynamics are increasingly important for the global economy in...
Persistent link: https://www.econbiz.de/10010892325
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Stabilization policy: a reconsideration
Yellen, Janet L.
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Federal Reserve Bank of San Francisco
-
2004
This paper forms the basis for Janet Yellen's Presidential address to the Western Economic Association International, delivered July 1, 2004, in Vancouver, British Columbia.
Persistent link: https://www.econbiz.de/10010724825
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Fiscal policy, increasing returns, and endogenous fluctuations
Guo, Jang-Ting
;
Lansing, Kevin
-
Federal Reserve Bank of San Francisco
-
1999
We examine the quantitative implications of government fiscal policy in a discrete-time one-sector growth model with a productive externality that generates social increasing returns to scale. Starting from a laissez-faire economy that exhibits an indeterminate steady state (a sink), we show...
Persistent link: https://www.econbiz.de/10005401609
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