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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 …
Persistent link: https://www.econbiz.de/10012550202
manufacturing employment in the year of its country's manufacturing peak and the subsequent change in total employment, reflecting … the fact that cities where manufacturing was initially more important experienced larger negative labor demand shocks. But … manufacturing jobs. Overall, 34% of former manufacturing hubs-defined as cities with an initial manufacturing employment share in …
Persistent link: https://www.econbiz.de/10014444059
With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...
Persistent link: https://www.econbiz.de/10003121028
Boys are doing worse in school than are girls, which has been dubbed "the Boy Crisis." An analysis of the latest data on educational outcomes among boys and girls reveals extensive disparities in grades, reading and writing test scores, and other measurable educational outcomes, and these...
Persistent link: https://www.econbiz.de/10011309995
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 …
Persistent link: https://www.econbiz.de/10009736762
We examine the comovements between the output indexes of three German sectors (manufacturing, mining, and agriculture …
Persistent link: https://www.econbiz.de/10011398919
Recent studies conclude that teachers are important for student learning but it remains uncertain what actually determines effective teaching. This study directly peers into the black box of educational production by investigating the relationship between lecture style teaching and student...
Persistent link: https://www.econbiz.de/10003850153
This paper examines how marital and fertility patterns have changed along racial and educational lines for men and women. Historically, women with more education have been the least likely to marry and have children, but this marriage gap has eroded as the returns to marriage have changed....
Persistent link: https://www.econbiz.de/10003937272
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
of rolling impulse responses is applied and both the aggregate and the industry-level is considered. It is found that the … both subsample and industry-specifics. The results, furthermore, suggest that the Great Moderation can essentially be …
Persistent link: https://www.econbiz.de/10003857164