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When materials offshoring is measured by estimating imported intermediate inputs, a common assumption used is that an … the 3-digit I-O industry level, there is a correlation of 0.68 between the offshoring shares made with and without the …
Persistent link: https://www.econbiz.de/10012460742
Persistent link: https://www.econbiz.de/10003684216
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing … employment being a prime contributor to the slump. The U.S. employment "sag" of the 2000s is widely recognized but poorly …
Persistent link: https://www.econbiz.de/10012458271
, when detectable, result from the even faster declines in employment …
Persistent link: https://www.econbiz.de/10012458826
The United States is often taken to be the exemplar of the benefits of a monetary union. Since 1788 Americans, with the exception of the Civil War years, have been able to buy and sell goods, travel, and invest within a vast area without ever having to be concerned about changes in exchange...
Persistent link: https://www.econbiz.de/10012471140
When the Great Depression struck the United States, Oliver M.W. Sprague was America's foremost expert on financial crises. His History of Crises under the National Banking System is a frequently cited classic. Had he diagnosed a banking panic and called for an aggressive response by the Federal...
Persistent link: https://www.econbiz.de/10012660094
employment opportunities for which they have comparative advantage. This framework yields a simple equation linking wage changes … offshoring) rather than those of rising market power, markups or deunionization, which themselves do not appear to play a major …
Persistent link: https://www.econbiz.de/10012585404
not on differential trends and do not enjoy higher output, investment, or employment growth thereafter. Using manager …
Persistent link: https://www.econbiz.de/10013172173
as they expand AI hiring. However, we find no discernible relationship between AI exposure and employment or wage growth …
Persistent link: https://www.econbiz.de/10012482476
This paper reexamines the debate over whether the United States fell into a liquidity trap in the 1930s. We first review the literature on the liquidity trap focusing on Keynes's discussion of "absolute liquidity preference" and the division that soon emerged between Keynes, who believed that a...
Persistent link: https://www.econbiz.de/10012462451