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When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
Acharya, Viral V.; Rajan, Raghuram Govind; Shim, Jack - National Bureau of Economic Research - 2022
We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513
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Economic Policy Challenges for the Age of AI
Korinek, Anton - National Bureau of Economic Research - 2024
This paper examines the profound challenges that transformative advances in AI towards Artificial General Intelligence (AGI) will pose for economists and economic policymakers. I examine how the Age of AI will revolutionize the basic structure of our economies by diminishing the role of labor,...
Persistent link: https://www.econbiz.de/10015072921
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Working papers / National Bureau of Economic Research, Inc.
National Bureau of Economic Research - Cambridge, Mass. : [Verlag nicht ermittelbar] - 1.1973 -
Persistent link: https://www.econbiz.de/10001424445
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NBER reporter online
National Bureau of Economic Research - Cambridge, Mass. : NBER - 1977,Apr. - 1980; 1981/82 - 2006/07; 2008 -
Persistent link: https://www.econbiz.de/10001513829
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The Slowdown of the Economics Publishing Process
Ellison, Glenn - 2000
top economics journal. This paper documents the slowdown and notes that a substantial part is due to an increasing … quality. Various time series are examined for evidence that the economics profession has changed along these dimensions. Paper … process. It is difficult to attribute much of the slowdown to observable changes in the economics profession. Evolving social …
Persistent link: https://www.econbiz.de/10012470946
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Marshall's Economies
Henderson, Vernon - 1999
This paper estimates the nature and magnitude of the local externalities from own industry scale, as envisioned by Marshall. Census panel data on individual plants in high-tech and machinery industries across up to 487 countries are utilized, to quantify the direct effects of local external...
Persistent link: https://www.econbiz.de/10012471426
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Can Capital Mobility be Destabilizing?
Meng, Qinglai - 1999
In a standard two-sector neoclassical model with distortions, capital mobility can render the steady state indeterminate, in the sense that there exist infinitely many convergent paths. In the closed economy with no international capital mobility, the utility function must be linear or close to...
Persistent link: https://www.econbiz.de/10012471527
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A Rent-Protection Theory of Corporate Ownership and Control
Bebchuk, Lucian Arye - 1999
This paper develops a rent-protection theory of corporate ownership structure - and in particular, of the choice between concentrated and dispersed ownership of corporate shares and votes. The paper analyzes the decision of a company's initial owner whether to maintain a lock on control when the...
Persistent link: https://www.econbiz.de/10012471585
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Women in Academic Economics : Have We Made Progress?
Ginther, Donna K.; Kahn, Shulamit Beth - National Bureau of Economic Research - 2021
economics. We found that women in economics were 15% less likely to be promoted to associate professor after controlling for …
Persistent link: https://www.econbiz.de/10012510622