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Crisis Innovation Policy from World War II to COVID-19

Gross, Daniel P.; Sampat, Bhaven N. - National Bureau of Economic Research - 2021

Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …

Persistent link: https://www.econbiz.de/10012585399

Organizational Frictions and Increasing Returns to Automation : Lessons from AT&T in the Twentieth Century

Feigenbaum, James J.; Gross, Daniel P. - National Bureau of Economic Research - 2021

AT&T was the largest U.S. firm for most of the 20th century. Telephone operators once comprised over 50% of its workforce, but in the late 1910s it initiated a decades-long process of automating telephone operation with mechanical call switching--a technology first invented in the 1880s. We...

Persistent link: https://www.econbiz.de/10012794608

Organizing Crisis Innovation : Lessons from World War II

Gross, Daniel P. - 2020

World War II innovation model in other crises. In this essay we describe exactly how it worked. We do so first through a … general overview of how OSRD approached several questions that may confront any crisis innovation effort: priority setting … innovation policy different, how crisis innovation policy approaches may vary, and the limits to generalizing from World War II …

Persistent link: https://www.econbiz.de/10012482128

The Economics of Crisis Innovation Policy : A Historical Perspective

Gross, Daniel P.; Sampat, Bhaven N. - National Bureau of Economic Research - 2021

-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …

Persistent link: https://www.econbiz.de/10012482553

The International Transmission and Effects of Fiscal Policies

Frenkel, Jacob A. - 1986

In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and volatile real rates of tnterest, large fluctuations in real exchange rates, and significant variations in private-sector spending. This paper reviews some of the key facts...

Persistent link: https://www.econbiz.de/10012477278

Budget Deficits and Rates of Interest in the World Economy

Frenkel, Jacob A. - 1984

This paper deals with the international transmission of the effects of budget deficits on world rates of interest and spending. The model assumes a two-country world within which capital markets are integrated, individuals behave rationally, and the behavior of individuals and governments are...

Persistent link: https://www.econbiz.de/10012477738

International Liquidity and Monetary Control

Frenkel, Jacob A. - 1983

This paper deals with the relations among international liquidity,the exchange-rate regime and the effectiveness of monetary policy. The first part of the paper contains an empirical study of the demand for international reserves. It is shown that (i) reserve holdings are a stable function of a...

Persistent link: https://www.econbiz.de/10012477984

Dynamic Adjustment and the Demand for International Reserves

Bilson, John F. O. - 1979

Although there have been a large number of empirical studies of the demand for international reserves, there have not been many successful demonstrations that deviations of the actual stock of reserves from the target level defined by the demand function trigger a process of adjustment. This...

Persistent link: https://www.econbiz.de/10012478740

Enforcement, Private Political Pressure and the GATT/WTO Escape Clause

Bagwell, Kyle - 2004

We consider the design and implementation of international trade agreements when: (i) negotiations are undertaken and commitments made in the presence of uncertainty about future political pressures; (ii) governments possess private information about political pressures at the time that the...

Persistent link: https://www.econbiz.de/10012467700

Backward Stealing and Forward Manipulation in the WTO

Bagwell, Kyle - 2004

Motivated by the structure of WTO negotiations, we analyze a bargaining environment in which negotiations proceed bilaterally and sequentially under the most-favored-nation (MFN) principle. We identify backward-stealing and forward-manipulation problems that arise when governments bargain under...

Persistent link: https://www.econbiz.de/10012468273