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Five Puzzles in the Behaviour of Productivity, Investment and Innovation
Gordon, Robert J - C.E.P.R. Discussion Papers - 2004
Productivity growth in the United States was considerably faster during 2000-03 than in the boom years of 1995-2000. This ebullient productivity performance raises numerous questions about its interpretation and its implications for the future, and these are stated here in the form of five...
Persistent link: https://www.econbiz.de/10005123790
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Does Entry Regulation Hinder Job Creation? Evidence from the French Retail Industry
Bertrand, Marianne; Kramarz, Francis - C.E.P.R. Discussion Papers - 2001
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Persistent link: https://www.econbiz.de/10005504697
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On the Measurement of Trade Costs: Direct vs. Indirect Approaches to Quantifying Standards and Technical Regulations
Chen, Natalie; Novy, Dennis - C.E.P.R. Discussion Papers - 2012
In this article, we review the literature on the measurement of trade costs in international trade with a special …
Persistent link: https://www.econbiz.de/10011083427
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Interpreting the 'One Big Wave' in US Long-Term Productivity Growth
Gordon, Robert J - C.E.P.R. Discussion Papers - 2000
mysterious doubling in the ratio of output to capital input when the postwar era is compared with 1870-1929. Measurement … the measurement of capital. A new MFP series taking account of all these adjustments grows more slowly throughout, and the …
Persistent link: https://www.econbiz.de/10005124204
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The Mirage of Convergence: Why Poor Countries May Only Seem to Be Closing the Income Gap
Filer, Randall K; Hajkova, Dana; Hanousek, Jan - C.E.P.R. Discussion Papers - 2004
Replication of two recent studies of growth determinants shows that results are sensitive to the choice of data from which growth rates are calculated, especially with respect to whether economic convergence has occurred. Previous warnings against using data that has been adjusted to increase...
Persistent link: https://www.econbiz.de/10005656283
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New Estimates of British Unemployment, 1870-1913
Boyer, George; Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2001
Existing estimates of the annual unemployment rate from 1870 to 1913 were constructed by the Board of Trade, initially in 1888, and updated thereafter. This is still the series which is widely used and cited. It is based on records of the number unemployed in various trade unions and it has a...
Persistent link: https://www.econbiz.de/10005666759
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Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi
Auer, Raphael - C.E.P.R. Discussion Papers - 2015
pronounced increase of aggregate US producer price inflation. …
Persistent link: https://www.econbiz.de/10011145441
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Macroeconomics and the Term Structure
Gürkaynak, Refet S.; Wright, Jonathan - C.E.P.R. Discussion Papers - 2010
ongoing, inflation uncertainty seems to play a large role. Finally, while modern finance theory prices bonds and other assets …
Persistent link: https://www.econbiz.de/10008642882
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Is Quantity Theory Still Alive?
Teles, Pedro; Uhlig, Harald - C.E.P.R. Discussion Papers - 2010
This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for … countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best … elasticities implied by theories of Baumol-Tobin and Miller-Orr. Finally, the sample after 1990 shows considerably less inflation …
Persistent link: https://www.econbiz.de/10008682890
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Animal Spirits, Persistent Unemployment and the Belief Function
Farmer, Roger E A - C.E.P.R. Discussion Papers - 2010
This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer’s (2009) model in …
Persistent link: https://www.econbiz.de/10008692320