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explained by the standard general equilibrium theory if consumption demand is treated as the primary source of aggregate …
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predictions of interest rates based on a general equilibrium theory are partially consistent with US data"--Federal Reserve Bank …
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We develop a dynamic labor search model where production and consumption take place in spatially distinct labor markets with varying exposure to domestic and international trade. The model recognizes the role of labor mobility frictions, goods mobility frictions, geographic factors, and...
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trading partners’ total factor productivity (TFP). Our hypothesis is that business cycles should be more correlated between …
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"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …
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