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The 2001 recession and the states of the Eighth Federal Reserve District

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2005

This paper examines and compares the recent business cycle experiences of the seven states that lie partly or wholly within the Eighth Federal Reserve District (Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri, and Tennessee). For the period surrounding the 1990-91 NBER recession,...

Persistent link: https://www.econbiz.de/10005490981

The outlook: Mississippi and the nation

Poole, William - Federal Reserve Bank of St. Louis - 2005

Presentation to the Northeast Mississippi Economic Forecast Conference, Jan. 20, 2005

Persistent link: https://www.econbiz.de/10011185073

The outlook: Mississippi and the nation

Poole, William - Federal Reserve Bank of St. Louis - 2005

Presentation to the Northeast Mississippi Economic Forecast Conference, Jan. 20, 2005

Persistent link: https://www.econbiz.de/10005726542

Endogenous innovation in a north-north model of the product cycle

Butler, Alison - Federal Reserve Bank of St. Louis - 1990

dynamic process that requires labor to b employed in research and development for innovation to occur. Technology is … innovation and technology transfer affects the economic incentives to innovate and the relative wages in both countries. As a …

Persistent link: https://www.econbiz.de/10005352759

What explains the varying monetary response to technology shocks in G-7 countries?

Francis, Neville; Owyang, Michael T.; Theodorou, Athena T. - Federal Reserve Bank of St. Louis - 2005

-identified technology shocks. They found that during the Martin-Burns- Miller era, the Fed responded to technology shocks by overstabilizing … of the rule to output and inflation fluctuations, and the response to technology shocks. …

Persistent link: https://www.econbiz.de/10005352815

Changing technology trends, transition dynamics and growth accounting

Pakko, Michael R. - Federal Reserve Bank of St. Louis - 2005

The technology growth trends that underlie recent productivity patterns are investigated in a framework that … downward shift in TFP growth in the late 1960s and an upward shift in investment-specific technology growth in the mid-1980s … technology growth shocks in a basic neoclassical model show that induced patterns of capital accumulation are consistent with the …

Persistent link: https://www.econbiz.de/10005352846

Technical progress, inefficiency and productivity change in U.S. banking, 1984-1993

Wheelock, David C.; Wilson, Paul W. - Federal Reserve Bank of St. Louis - 1996

Numerous studies have found that US commercial banks are quite inefficient, and we find that, on average, banks became more technically inefficient between 1984 and 1993. Our analysis of productivity change, however, shows that technological improvements adopted by a few banks pushed out the...

Persistent link: https://www.econbiz.de/10005352902

The use of long-run restrictions for the identification of technology shocks

Francis, Neville; Owyang, Michael T.; Theodorou, Athena T. - Federal Reserve Bank of St. Louis - 2003

We survey the recent empirical literature using long run restrictions to identify technology shocks. We provide an …, we offer an alternative identification of technology shocks that can be imposed by restrictions on the long-run impulse … technology. …

Persistent link: https://www.econbiz.de/10005352911

What happens when the technology growth trend changes?: transition dynamics, capital growth and the "new economy"

Pakko, Michael R. - Federal Reserve Bank of St. Louis - 2001

The rapid increase in U.S. economic growth during the late 1990s inspired speculation that an acceleration in the rate of technological progress had given rise to an increase in potential output growth. This paper considers the transition dynamics associated with such a change using a general...

Persistent link: https://www.econbiz.de/10005707648

Technology and industrial agglomeration: evidence from computer usage

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2005

of computer use by its workers. However, in spite of these observable differences in workplace technology, I also find …

Persistent link: https://www.econbiz.de/10005707668