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Sistemi produttivi locali : struttura e trasformazione

Garofoli, Gioacchino (contributor); … - 1994

Persistent link: https://www.econbiz.de/10000936584

Economic Growth in a Cross-Section of Cities

Glaeser, Edward L. - 1995

We examine the relationship between urban characteristics in 1960 and urban growth (income and population) between 1960 and 1990. Our major findings are that income and population growth move together and both types of growth are (1) positively related to initial schooling, (2) negatively...

Persistent link: https://www.econbiz.de/10012473880

Regional Growth and Migration : A Japan-U.S. Comparison

Barro, Robert J. - 1992

Do poor economies grow faster than rich ones? This important economic question (which we call [beta]-convergence) is … of convergence in both countries: poor prefectures and states grow faster. We also find that there is intraregional as … well as interregional convergence. We analyze the cross sectional standard deviation across prefectures and states. We find …

Persistent link: https://www.econbiz.de/10012474942

Government Debt and Capital Accumulation in an Era of Low Interest Rates

Mankiw, Nicholas Gregory - National Bureau of Economic Research - 2022

This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government...

Persistent link: https://www.econbiz.de/10013210052

Latent Heterogeneity in the Marginal Propensity to Consume

Lewis, Daniel J.; Melcangi, Davide; Pilossoph, Laura - National Bureau of Economic Research - 2024

We estimate the unconditional distribution of the marginal propensity to consume (MPC) using clustering regression applied to the 2008 economic stimulus payments. By deviating from the standard approach of estimating MPC heterogeneity using interactions with observables, we can recover the full...

Persistent link: https://www.econbiz.de/10014544800

Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier

Choi, Joonkyu; Penciakova, Veronika; Saffie, Felipe - National Bureau of Economic Research - 2024

We study the role of firms' political influence on the effectiveness of government spending using ARRA as a laboratory. Through an IV approach, we show that a 10 percentage points increase in the share of politically connected spending lowers the job creation effect of stimulus by 33 percent at...

Persistent link: https://www.econbiz.de/10014576603

State-Dependent Local Projections : Understanding Impulse Response Heterogeneity

Cloyne, James; Jordà, Òscar; Taylor, Alan M. - National Bureau of Economic Research - 2023

An impulse response is the dynamic average effect of an intervention across horizons. We use the well-known Kitagawa-Blinder-Oaxaca decomposition to explore a response's heterogeneity over time and over states of the economy. This can be implemented with a simple extension to the usual local...

Persistent link: https://www.econbiz.de/10014226168

Greed? Profits, Inflation, and Aggregate Demand

Bilbiie, Florin Ovidiu; Känzig, Diego R. - National Bureau of Economic Research - 2023

Amidst the recent resurgence of inflation, this paper investigates the interplay of corporate profits and income distribution in shaping inflation and aggregate demand within the New Keynesian framework. We derive a novel analytical condition for profits to be procyclical and inflationary....

Persistent link: https://www.econbiz.de/10014337850

Financial Integration and Monetary Policy Coordination

Bianchi, Javier; Coulibaly, Louphou - National Bureau of Economic Research - 2023

Financial integration generates macroeconomic spillovers that may require international monetary policy coordination. We show that individual central banks may set nominal interest rates too low or too high relative to the cooperative outcome. We identify three sufficient statistics that...

Persistent link: https://www.econbiz.de/10014447329