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Bernard, Andrew B.; Fort, Teresa C - C.E.P.R. Discussion Papers - 2013

This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the production of manufactured goods. Using new data on...

Persistent link: https://www.econbiz.de/10011083862

Religion and Innovation

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

In earlier work (Bénabou, Ticchi and Vindigni 2013) we uncovered a robust negative association between religiosity and patents per capita, holding across countries as well as US states, with and without controls. In this paper we turn to the individual level, examining the relationship between...

Persistent link: https://www.econbiz.de/10011213308

Innovation in creative cities: Evidence from British small firms

Lee, Neil; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2014

Creative cities are seen as important sites for the generation of new ideas, products and processes. Yet, beyond case studies of a few high-profile cities, there is little empirical evidence on the link between local creative industries concentration and innovation. This paper addresses this gap...

Persistent link: https://www.econbiz.de/10011083243

Trust in Public Institutions over the Business Cycle

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2011

the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative …

Persistent link: https://www.econbiz.de/10008925712

Austerity in 2009-2013

Alesina, Alberto F; Barbiero, Omar; Favero, Carlo A.; … - C.E.P.R. Discussion Papers - 2015

The conventional wisdom is (i) that fiscal austerity was the main culprit for the recessions experienced by many countries, especially in Europe, since 2010 and (ii) that this round of fiscal consolidation was much more costly than past ones. The contribution of this paper is a clarification of...

Persistent link: https://www.econbiz.de/10011145403

Quantifying Confidence

Angeletos, George-Marios; Collard, Fabrice; Dellas, Harris - C.E.P.R. Discussion Papers - 2015

"confidence" and show that it helps account for many salient features of the data; it drives a significant fraction of the …

Persistent link: https://www.econbiz.de/10011186619

A model of the confidence channel of fiscal policy

Guimarães, Bernardo; Machado, Caio; Ribeiro, Marcel - C.E.P.R. Discussion Papers - 2014

This paper presents a simple macroeconomic model where government spending affects aggregate demand directly and indirectly, through an expectational channel. Prices are fully flexible and the model is static, so intertemporal issues play no role. There are three important elements in the model:...

Persistent link: https://www.econbiz.de/10011083612

The output effect of fiscal consolidations

Alesina, Alberto F; Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2012

different response of business confidence and private investment. We obtain these results by studying the effects of the …

Persistent link: https://www.econbiz.de/10011084635

Aggregate Oligopoly Games with Entry

Anderson, Simon P; Erkal, Nisvan; Piccinin, Daniel - C.E.P.R. Discussion Papers - 2013

together the following results: merging parties' profits fall but consumer surplus is unchanged, Stackelberg leadership raises …

Persistent link: https://www.econbiz.de/10011083659

Rational Inattention and Organizational Focus

Dessein, Wouter; Galeotti, Andrea; Santos, Tano - C.E.P.R. Discussion Papers - 2013

We examine the allocation of scarce attention in team production. Each team member is in charge of a specialized task … leadership naturally arise as a response to organizational trade-offs between coordination and adaptation. At the optimum, all … the expense of all others. Our results shed light on the importance of leadership, strategy and “core competences,” as …

Persistent link: https://www.econbiz.de/10011084079