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The Economic Outlook and Long-Term Growth> New Jersey Economic Leadership Forum, New Jersey Bankers Association, January 11, 2013, Somerset, New Jersey
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Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia 34th Annual Economic Seminar, sponsored by the Simon School of Business with JPMorgan Chase & Co. and the Rochester Business Alliance, January 15, 2013, Rochester, NY Note: President...
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Accepted for publication, Journal of Economic Dynamics and Control The aim of this paper is to quantify the role of formal-sector institutions in shaping the demand for human capital and the level of informality. We propose a firm dynamics model where firms face capital market imperfections and...
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The authors investigate efficiency and productivity growth of the U.S. banking industry over the latter part of the … increased over both the 1980s and 1990s, reflecting cost productivity declines. Changes in business conditions led to cost … increased profit productivity. Changing business conditions led to small declines in profits. …
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-specific productivity. Nonconvex adjustment costs lead plants to pursue generalized (S,s) decision rules with respect to capital; as a … aggregate investment, though with differences in plant-level productivity, these nonlinearities are far less pronounced …
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