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Capital Taxation During the U.S. Great Depression
McGrattan, Ellen R. - 2010
Previous studies of the U.S. Great Depression find that increased taxation contributed little to either the dramatic downturn or the slow recovery. These studies include only one type of capital taxation: a business profits tax. The contribution is much greater when the analysis includes other...
Persistent link: https://www.econbiz.de/10013135242
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Money and Interest Rates in the United States During the Great Depression
Basile, Peter - 2010
This paper reexamines the debate over whether the United States fell into a liquidity trap in the 1930s. We first review the literature on the liquidity trap focusing on Keynes's discussion of "absolute liquidity preference" and the division that soon emerged between Keynes, who believed that a...
Persistent link: https://www.econbiz.de/10013139970
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Failing the Test? The Flexible U.S. Job Market in the Great Recession
Freeman, Richard B. - 2013
The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to live up to expectations. The level and duration of...
Persistent link: https://www.econbiz.de/10013073572
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Real-Time Real Economic Activity : Exiting the Great Recession and Entering the Pandemic Recession
Diebold, Francis X. - 2020
We study the real-time signals provided by the Aruoba-Diebold-Scotti Index of Business conditions (ADS) for tracking economic activity at high frequency. We start with exit from the Great Recession, comparing the evolution of real-time vintage beliefs to a "final" late-vintage chronology. We...
Persistent link: https://www.econbiz.de/10012826653
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The Welfare of Children During the Great Depression
Fishback, Price V.; Haines, Michael R.; Kantor, Shawn - 2021
-infant mortality, and fertility. For 111 cities for which data on relief spending during the 1930s were available, we collected annual …s. Relief spending also raised general fertility rates. Our estimates suggest that the cost of saving an infant life …
Persistent link: https://www.econbiz.de/10013230768
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Business Cycles and Fertility Dynamics in the U.S : A Vector-Autoregressive Model
Mocan, Naci H. - 2021
Using recent developments in time-series econometrics, this paper investigates the behavior of fertility over the … business cycle. The sex-specific unemployment rates, the divorce rate and the fertility rate are shown to be governed by … stochastic trends. Furthermore, fertility is determined to be co-integrated with the divorce and unemployment rates. In the …
Persistent link: https://www.econbiz.de/10013243384
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The Impact of Social Policy and Economic Activity Throughout the Fertility Decision Tree
Levine, Phillip B. - 2021
1985 to 1996 period at each stage of the fertility decision tree, including sexual activity, contraception, pregnancy …
Persistent link: https://www.econbiz.de/10013245506
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Growth and Childbearing in the Short- and Long-Run
Chatterjee, Shoumitro - 2017
Despite being key to theories of economic growth and the demographic transition, evidence on how fertility responds to … aggregate income change is mixed. We analyze economic growth and fertility change in the developing world over six decades …, using data on 2.3 million women from 255 surveys in 81 countries. We find that fertility responds differently to …
Persistent link: https://www.econbiz.de/10012966598
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The Long Slump
Hall, Robert E. - 2011
In a market-clearing economy, declines in demand from one sector do not cause large declines in aggregatge output because other sectors expand. The key price mediating the response is the interest rate. A decline in the rate stimulates all categories of spending. But in a low-inflation economy,...
Persistent link: https://www.econbiz.de/10013130965
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Trade and the Global Recession
Eaton, Jonathan - 2011
We develop a dynamic multi-country general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multi-sector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of...
Persistent link: https://www.econbiz.de/10013131675