Narrow search
Showing 1 - 10 of 1,320
Cover Image
How Fast are Semiconductor Prices Falling?
Oliner, Stephen D.; Sichel, Daniel; Byrne, David M. - National Bureau of Economic Research (NBER) - 2015
The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in recent years, a dramatic contrast from the rapid declines reported from the mid-1980s to the early 2000s. This slowdown in the rate of decline is puzzling in light of evidence that...
Persistent link: https://www.econbiz.de/10011252655
Cover Image
Long-Term Damage from the Great Recession in OECD Countries
Ball, Laurence - National Bureau of Economic Research (NBER) - 2014
have experienced strong hysteresis effects: shortfalls of actual output from pre-recession trends have reduced potential …
Persistent link: https://www.econbiz.de/10011095627
Cover Image
The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers
Gordon, Robert J.; Krenn, Robert - National Bureau of Economic Research (NBER) - 2010
monetary policy innovations and the remaining -23.2 percent to the combined effect of the basic VAR dynamic forecast and …
Persistent link: https://www.econbiz.de/10008646478
Cover Image
The Output and Welfare Effects of Government Spending Shocks over the Business Cycle
Sims, Eric; Wolff, Jonathan - National Bureau of Economic Research (NBER) - 2013
How does the output response to a change in government spending vary over the business cycle? What are the welfare effects of spending shocks? This paper studies the state-dependence of the output and welfare effects of shocks to government purchases in a DSGE model with real and nominal...
Persistent link: https://www.econbiz.de/10010821903
Cover Image
The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program
Mian, Atif; Sufi, Amir - National Bureau of Economic Research (NBER) - 2010
A key rationale for fiscal stimulus is to boost consumption when aggregate demand is perceived to be inefficiently low. We examine the ability of the government to increase consumption by evaluating the impact of the 2009 "Cash for Clunkers" program on short and medium run auto purchases. Our...
Persistent link: https://www.econbiz.de/10008565074
Cover Image
The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
Chari, Varadarajan; Kehoe, Patrick J. - National Bureau of Economic Research (NBER) - 2007
macroeconomics is firmly grounded in economic theory. We disagree and explain why. …
Persistent link: https://www.econbiz.de/10005778451
Cover Image
News Shocks
Barsky, Robert B.; Sims, Eric R. - National Bureau of Economic Research (NBER) - 2009
We implement a new approach for the identification of "news shocks" about future technology. In a VAR featuring a measure of aggregate technology and several forward-looking variables, we identify the news shock as the shock orthogonal to technology innovations that best explains future...
Persistent link: https://www.econbiz.de/10005027105
Cover Image
Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds
Gordon, Robert J. - National Bureau of Economic Research (NBER) - 2012
This paper raises basic questions about the process of economic growth. It questions the assumption, nearly universal since Solow's seminal contributions of the 1950s, that economic growth is a continuous process that will persist forever. There was virtually no growth before 1750, and thus...
Persistent link: https://www.econbiz.de/10010950998
Cover Image
Transition to FDI Openness: Reconciling Theory and Evidence
McGrattan, Ellen R. - National Bureau of Economic Research (NBER) - 2011
conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data …
Persistent link: https://www.econbiz.de/10008836379
Cover Image
Capital Taxation and Ownership when Markets are Incomplete
Farhi, Emmanuel - National Bureau of Economic Research (NBER) - 2007
This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case...
Persistent link: https://www.econbiz.de/10005829854