Showing 1 - 10 of 19
the labor force participation of younger persons in twelve countries. We found no evidence that increasing the employment … of older persons will reduce the employment opportunities of youth and no evidence that increasing the employment of … employment circumstances of older workers. We find that these "exogenous" reforms can have a very large effect on the labor force …
Persistent link: https://www.econbiz.de/10013130978
Persistent link: https://www.econbiz.de/10001334356
Persistent link: https://www.econbiz.de/10001381790
Persistent link: https://www.econbiz.de/10001381792
Persistent link: https://www.econbiz.de/10001381794
Persistent link: https://www.econbiz.de/10001382039
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/10013139970
A Monetary History of the United States 1867 to 1960 published in 1963 was written as part of an extensive NBER research project on Money and Business Cycles started in the 1950s. The project resulted in three more books and many important articles. A Monetary History was designed to provide...
Persistent link: https://www.econbiz.de/10013086302
The institutional arrangements governing the creation of money in the United States have changed dramatically since the Revolution. Yet beneath the surface the story of wartime money creation has remained much the same. During wars against minor powers, the government was able to fund the war by...
Persistent link: https://www.econbiz.de/10013021872
During World War II the United States rapidly transformed its economy to cope with a wide range of scarcities, such as shortfalls in the amounts of ocean shipping, aluminum, rubber, and other raw materials needed for the war effort. This paper explores the mobilization to see whether it provides...
Persistent link: https://www.econbiz.de/10012983678