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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...
Persistent link: https://www.econbiz.de/10012758136
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Liquidity and Trading Dynamics
Guerrieri, Veronica - 2010
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 …
Persistent link: https://www.econbiz.de/10012759970
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Ai and the Economy
Furman, Jason - 2018
We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of …
Persistent link: https://www.econbiz.de/10012916895
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Public Policy in an Ai Economy
Goolsbee, Austan D. - 2018
This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed …
Persistent link: https://www.econbiz.de/10012918072
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Digital Economics
Goldfarb, Avi - 2017
Digital technology is the representation of information in bits. This technology has reduced the cost of storage, computation, and transmission of data. Research on digital economics examines whether and how digital technology changes economic activity. In this review, we emphasize the reduction...
Persistent link: https://www.econbiz.de/10012949431
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The Economy of Israel
Fischer, Stanley - 2004
The paper opens with a description of the salient features of the Israeli economy. These consist of a large government … indexation of both wages and long term financial commitments. A descriptive model of the economy is then presented, which … includes the particular asset menu of the Israeli economy, and its properties examined. Finally,the rrodel is used in analyzing …
Persistent link: https://www.econbiz.de/10014118833
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Trilemma Policy Convergence Patterns and Output Volatility
Aizenman, Joshua - 2012
We examine the open macroeconomic policy choices of developing economies from the perspective of the economic "trilemma" hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its patterns in recent decades. We find that the three dimensions of the...
Persistent link: https://www.econbiz.de/10013111317
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A Factor Analysis of Bond Risk Premia
Ludvigson, Sydney C. - 2010
macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static …
Persistent link: https://www.econbiz.de/10013152009
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Technology and Economic Performance in the American Economy
Gordon, Robert J. - 2021
This paper examines the sources of the U. S. macroeconomic miracle of 1995-2000 and attempts to distinguish among permanent sources of American leadership in high-technology industries, as contrasted with the particular post-1995 episode of technological acceleration, and with other independent...
Persistent link: https://www.econbiz.de/10013310541
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Civil War
Blattman, Christopher; Miguel, Edward - 2021
Most nations have experienced an internal armed conflict since 1960. The past decade has witnessed an explosion of research into the causes and consequences of civil wars, belatedly bringing the topic into the economics mainstream. This article critically reviews this interdisciplinary...
Persistent link: https://www.econbiz.de/10013223996