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Remarks at the Dutchess County Regional Chamber of Commerce, Fishkill, New York.
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Remarks at the State University of New York at New Paltz, New Paltz, New York.
Persistent link: https://www.econbiz.de/10010725041
Persistent link: https://www.econbiz.de/10005717184
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Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
Persistent link: https://www.econbiz.de/10010725015
Persistent link: https://www.econbiz.de/10005717226
Persistent link: https://www.econbiz.de/10005717243
Despite its importance, the microeconomics of the international transmission of shocks is not well understood. The conventional wisdom is that relative price changes are the primary mechanism by which shocks are transmitted across borders. Yet traded-goods prices exhibit significant inertia in...
Persistent link: https://www.econbiz.de/10005420523
We examine the microeconomic and aggregate inventory dynamics in the business sector of the U.S. economy. We employ high-frequency firm-level data and use an empirically tractable model, in which the aggregate dynamics are derived explicitly from the underlying microeconomic data. Our results...
Persistent link: https://www.econbiz.de/10005420565
Using two decades of annual data, we explore the links between real exchange rates and employment, wages and overtime …, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The … relatively larger employment elasticities but lower wage elasticities. …
Persistent link: https://www.econbiz.de/10005420590