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Container trade and the U.S. recovery
Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2021
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
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The surprisingly swift decline of U.S. manufacturing employment
Pierce, Justin R.; Schott, Peter K. - 2014
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U …
Persistent link: https://www.econbiz.de/10010229883
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Output effects of inflation with fixed price- and quantity-adjustment costs
Danziger, Leif (contributor) - 2005
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
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What drives aggregate investment?
Bachmann, Ruediger; Zorn, Peter - 2013 - This Version: April 13, 2013
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
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Sectoral trends and cycles in Germany
Cheung, Yin-Wong; Westermann, Frank - 2001
We examine the comovements between the output indexes of three German sectors (manufacturing, mining, and agriculture …
Persistent link: https://www.econbiz.de/10011398919
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Beyond the classroom : using title IX to measure the return to high school sports
Stevenson, Betsey - 2010
Between 1972 and 1978 U.S. high schools rapidly increased their female athletic participation rates - to approximately the same level as their male athletic participation rates - in order to comply with Title IX, a policy change that provides a unique quasi-experiment in female athletic...
Persistent link: https://www.econbiz.de/10003938718
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The economic consequences of rising US government debt: privileges at risk
Bohn, Henning - 2010
The rapidly growing federal government debt has become a concern for policy makers and the public. Yet the U.S. government has seemingly unbounded access to credit at low interest rates. Historically, Treasury yields have been below the growth rate of the economy. The paper examines the...
Persistent link: https://www.econbiz.de/10003974641
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Appropriate fiscal policy over the business cycle : proper stimulus policies can work
Graves, Philip E. - 2010
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
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Investigating the U.S. oil-macroeconomy nexus using rolling impulse responses
Gronwald, Marc - 2009
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
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Trust in public institutions over the business cycle
Stevenson, Betsey; Wolfers, Justin - 2011
We document that trust in public institutions - and particularly trust in banks, business and government - has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...
Persistent link: https://www.econbiz.de/10009011131