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The Economic Origins of Conflict in Africa

McGuirk, Eoin - 2017

We study the impact of plausibly exogenous global food price shocks on local violence across the African continent. In food-producing areas, higher food prices reduce conflict over the control of territory (what we call "factor conflict") and increase conflict over the appropriation of surplus...

Persistent link: https://www.econbiz.de/10012965423

Redistribution of Local Labor Market Shocks Through Firms’ Internal Networks

Giroud, Xavier - 2016

Local labor market shocks are difficult to insure against. Using confidential micro data from the U.S. Census Bureau's Longitudinal Business Database, we document that firms redistribute the employment impacts of local demand shocks across regions through their internal networks of...

Persistent link: https://www.econbiz.de/10012987130

Job Vacancies, the Beveridge Curve, and Supply Shocks : The Frequency and Content of Help-Wanted Ads in Pre- and Post-Mariel Miami

Anastasopoulos, Jason - 2018

Beginning in 1951, the Conference Board constructed a monthly job vacancy index by counting the number of help-wanted ads published in local newspapers in 51 metropolitan areas. We use the Help-Wanted Index (HWI) to document how immigration changes the number of job vacancies in the affected...

Persistent link: https://www.econbiz.de/10012919856

Technology Shocks and Aggregate Fluctuations : How Well Does the Rbs Model Fit Postwar U.S. Data?

Galí, Jordi; Rabanal, Pau - 2022

Our answer: not so well. We reach that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...

Persistent link: https://www.econbiz.de/10014070135

What Do Data on Millions of U.S. Workers Reveal About Life-Cycle Earnings Risk?

Guvenen, Fatih - 2015

We study the evolution of individual labor earnings over the life cycle using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...

Persistent link: https://www.econbiz.de/10013029023

Identifying Supply and Demand Elasticities of Agricultural Commodities : Implications for the Us Ethanol Mandate

Roberts, Michael J. - 2015

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified using current-period shocks that give rise to...

Persistent link: https://www.econbiz.de/10013038890

Methods Versus Substance : Measuring the Effects of Technology Shocks on Hours

Rios-Rull, Jose-Victor - 2018

In this paper, we employ both calibration and modern (Bayesian) estimation methods to assess the role of neutral and … the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the … estimation procedures result in technology shocks accounting for 2% to 9% of the variation in hours worked in the data. We infer …

Persistent link: https://www.econbiz.de/10012940704

Shock Elasticities and Impulse Responses

Borovička, Jaroslav - 2014

We construct shock elasticities that are pricing counterparts to impulse response functions. Recall that impulse response functions measure the importance of next-period shocks for future values of a time series. Shock elasticities measure the contributions to the price and to the expected...

Persistent link: https://www.econbiz.de/10013054043

The Aggregate Implications of Regional Business Cycles

Beraja, Martin - 2016

Making inferences about aggregate business cycles from regional variation alone is diffcult because of economic channels and shocks that differ between regional and aggregate economies. However, we argue that regional business cycles contain valuable information that can help discipline models...

Persistent link: https://www.econbiz.de/10012999463

Specialization, Market Access and Real Income

Bartelme, Dominick; Lan, Ting; Levchenko, Andrei A. - 2022

This paper estimates the impact of external demand shocks on real income. Our empirical strategy is based on a first order approximation to a wide class of small open economy models that feature sector-level gravity in trade flows. The framework allows us to measure foreign shocks and...

Persistent link: https://www.econbiz.de/10014089821

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