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Production Chains
Levine, David K. - 2010
More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10013135410
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Imported or Home Grown? The 1992-3 EMS Crisis
Eichengreen, Barry; Naef, Alain - 2023
pressure during the 1992-3 crisis in the European Monetary System, allowing us to pinpoint when and where the crisis was most …
Persistent link: https://www.econbiz.de/10014351705
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How Do Fixed-Exchange-Rates Regimes Work : the Evidence from the Gold Standard, Bretton Woods and the EMS
Giovannini, Alberto - 2013
This paper defines two competing hypotheses on the working of fixed exchange rates. The quot;symmetryquot; hypothesis states that every country is concerned with the good functioning of the system, and cannot afford to deviate from world averages. Every country is just left to follow the rules...
Persistent link: https://www.econbiz.de/10012754653
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Americans Do i.t. Better : Us Multinationals and the Productivity Miracle
Bloom, Nicholas - 2012
The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US quot;productivity miraclequot; is due to … a natural advantage of being located in the US then we would not expect to see any evidence of it for US establishments …
Persistent link: https://www.econbiz.de/10012755383
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2010
being integrated. In contrast, in the U.S. both listed and unlisted commercial banks profits converge to the same target …
Persistent link: https://www.econbiz.de/10012757853
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A Sticky-Information General-Equilibrium Model for Policy Analysis
Reis, Ricardo - 2010
This paper presents a dynamic stochastic general-equilibrium model with a single friction in all markets: sticky information. In this economy, agents are inattentive because of costs of acquiring, absorbing and processing information, so that the actions of consumers, workers and firms are slow...
Persistent link: https://www.econbiz.de/10012757855
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The Euro and Fiscal Policy
Fatás, Antonio - 2010
years US fiscal policy has become highly countercyclical, which was due predominantly to discretionary changes in tax … the US. We also document the primary balance in the OECD economies is more sensitive to output growth rather than to the …
Persistent link: https://www.econbiz.de/10012757871
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Work Environment and "Opt-Out" Rates at Motherhood Across High-Education Career Paths
Herr, Jane - 2010
Using data from the 2003 National Survey of College Graduates and a sample of Harvard alumnae, we study the relationship between work environment and the labor force participation of mothers. We first document a large variation in labor force participation rates across high-education fields....
Persistent link: https://www.econbiz.de/10012757881
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Reflections on Americans' Views of the Euro Ex Ante
Feldstein, Martin S. - 2010
This paper was prepared for a session of the 2009 American Economic Association meeting devoted to examining the views of American economists about the euro and the European Economic and Monetary Union on the tenth anniversary of the euro. I had written an article in 1992 in the Economist and...
Persistent link: https://www.econbiz.de/10012757919
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This Job is 'Getting Old : ' Measuring Changes in Job Opportunities Using Occupational Age Structure
Autor, David H. - 2010
High- and low-wage occupations are expanding rapidly relative to middle-wage occupations in both the U.S. and the E.U … occupations will 'get old.' After verifying this proposition, we apply this observation to local labor markets in the U.S. to test …
Persistent link: https://www.econbiz.de/10012757995