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The Sources of Labor Productivity Variation in U.S. Manufacturing, 1947-80

Bernanke, Ben - 1981

This paper examines the relationship between inflation, exchange rates, and the pattern of international trade and payments in a small economy with utility-maximizing agents and a transactions demand for money. Fully anticipated inflation has real effects in the model through its role as a tax...

Persistent link: https://www.econbiz.de/10012478403

Procyclical Labor Productivity and Competing Theories of the Business Cycle : Some Evidence from Interwar U.S. Manufacturing Industries

Bernanke, Ben - 1990

.S. manufacturing industries. Our main findings are that SRIRL was common in the interwar period and that the pattern of SRIRL across … industries was similar to that observed in the postwar period. we argue that, under the presumption that the Depression was not …

Persistent link: https://www.econbiz.de/10012475524