macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static …

How do financial frictions affect the response of an economy to aggregate shocks? In this paper, we address this … liquid assets to smooth individual income shocks. We show that the response of this economy to aggregate shocks depends on … reserves and the response of the economy tends to be larger. In this case, agents expect to be liquidity constrained and, due …

We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of …

This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed …

This paper reviews six English-language books on the economy of Israel. Each book was written or edited by Israelis …, and each is from a different decade. The earliest book, Don Patinkin%u2019s The Israel Economy: The First Decade, was … written in the late 1950s, and the most recent volume, The Israeli Economy, 1985 - 1998: From Government Intervention to …

-inflation economy. Do one-time inflationary shocks give rise to long-term persistence, or inertia? Do balance of payments' shocks …

to be the peak capitalist economy in the new information economy. This paper develops criterion for judging peak status … workers, continued full employment will greatly strengthen the case for the US as peak economy. But with anything less than … full employment the US economy will lose its luster. Even if this occurs, however, the US record in employing women and …