Showing 1 - 10 of 134
Persistent link: https://www.econbiz.de/10001589561
The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity …
Persistent link: https://www.econbiz.de/10001751984
Persistent link: https://www.econbiz.de/10001589618
Persistent link: https://www.econbiz.de/10001589696
Persistent link: https://www.econbiz.de/10001656406
Persistent link: https://www.econbiz.de/10000540679
Persistent link: https://www.econbiz.de/10001751995
Persistent link: https://www.econbiz.de/10001752001
We investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Triocole (1997), we conclude that the theoretical effect of...
Persistent link: https://www.econbiz.de/10001590074