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Monetary Policy in Japan, Germany and the United States : Does One Size Fit All?
Chinn, Menzie David; Dooley, Michael P. - 2021
We study the post-war evidence for Japan to see if the same specification for both the economy and the monetary policy … rule is useful for understanding Japan's economy and monetary policy. A recurrent theme in the literature on Japanese … that, with minor adjustments, the same specification provides a useful framework for understanding monetary policy in Japan …
Persistent link: https://www.econbiz.de/10013245712
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Why Do U.S. Firms Hold so Much More Cash than They Used to?
Bates, Thomas W. - 2010
The average cash to assets ratio for U.S. industrial firms increases by 129% from 1980 to 2004. Because of this increase in the average cash ratio, American firms at the end of the sample period can pay back their debt obligations with their cash holdings, so that the average firm has no...
Persistent link: https://www.econbiz.de/10012760630
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Technology and Production Fragmentation : Domestic Versus Foreign Sourcing
Fort, Teresa - 2016
This paper provides direct empirical evidence on the relationship between technology and firms' global sourcing strategies. Using new data on U.S. firms' decisions to contract for manufacturing services from domestic or foreign suppliers, I show that a firm's adoption of communication technology...
Persistent link: https://www.econbiz.de/10012984719
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Growing Like China : Firm Performance and Global Production Line Position
Chor, Davin; Manova, Kalina; Yu, Zhihong - 2022
Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms position themselves in global production lines and...
Persistent link: https://www.econbiz.de/10013289106
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Coming Apart? Cultural Distances in the United States Over Time
Bertrand, Marianne - 2018
We analyze temporal trends in cultural distance between groups in the US defined by income, education, gender, race, and political ideology. We measure cultural distance between two groups as the ability to infer an individual's group based on his or her (i) media consumption, (ii) consumer...
Persistent link: https://www.econbiz.de/10012915643
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Choosing Racial Identity in the United States, 1880-1940
Dahis, Ricardo; Nix, Emily; Qian, Nancy - 2022
This paper documents that a large number of African American men experienced a change in racial identity to white during 1880 to 1940, while analogous changes were negligible for other races. We provide descriptive evidence that is consistent with the conventional wisdom that “passing” for...
Persistent link: https://www.econbiz.de/10014243372
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Intermediaries in International Trade : Direct Versus Indirect Modes of Export
Bernard, Andrew B. - 2012
This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters. In particular, high market-specific fixed...
Persistent link: https://www.econbiz.de/10013113099
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Discovering One's Talent : Learning from Academic Specialization
Malamud, Ofer - 2009
In addition to providing useful skills, education may also yield valuable information about one's tastes and talents. This paper exploits an exogenous difference in the timing of academic specialization within the British system of higher education to test whether education provides such...
Persistent link: https://www.econbiz.de/10013153976
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Consolidating the Evidence on Income Mobility in the Western States of Germany and the U.S. From 1984-2006
Bayaz-Ozturk, Gulgun - 2013
economic mobility. Using standard measures of mobility (with panel data for the western states of Germany and the U.S.) over … the entire period 1984-2006, we find the conventional result that income mobility is greater in Germany. But when we cut … significantly over the years immediately following reunification in Germany but not in the U.S …
Persistent link: https://www.econbiz.de/10013089392
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A Head-to-Head Comparison of Augmented Wealth in Germany and the United States
Boenke, Timm - 2017
and pension wealth – for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between … Germany, augmented wealth (US$651,000) is only 1.4 times higher. Further, the inclusion of pension wealth in household wealth …
Persistent link: https://www.econbiz.de/10012960706