detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …

from researchers in both macroeconomics and industrial organization. Measuring properly the size of industry markups of … which excess capacity is a significant feature accompanying imperfect competition in American industry. Using a panel data … set on four-digit Census manufacturing industries, this paper expands recent work by Robert Hall on the importance of …

.S. manufacturing industries. Our main findings are that SRIRL was common in the interwar period and that the pattern of SRIRL across … returns and labor hoarding explanations but find that our conclusions differ by industry …

This paper examines the seasonal cycle in the manufacturing sector of the U.S. economy. we present estimates of the … business cycle in manufacturing with respect to several key stylized facts about business cycles. The results are an important … addition to those in Barsky and Miron (1989) because the monthly data for manufacturing display interesting seasonal …

Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology …-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to … gauge their contribution to short-run investment fluctuations. We estimate an upper bound for the contribution of technology …

We examine the comovements between the output indexes of three German sectors (manufacturing, mining, and agriculture …

marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries …