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Trust in Public Institutions over the Business Cycle
Stevenson, Betsey; Wolfers, Justin - National Bureau of Economic Research (NBER) - 2011
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions--and particularly trust in banks, business and government--has declined … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative …
Persistent link: https://www.econbiz.de/10008868169
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Well-Being, Social Capital and Public Policy: What's New?
Helliwell, John F. - National Bureau of Economic Research (NBER) - 2005
government. Finally, Canadian life-satisfaction data show that several non-financial job characteristics, and especially the …
Persistent link: https://www.econbiz.de/10005710625
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Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s
Taylor, Alan M.; Estevadeordal, Antoni - National Bureau of Economic Research (NBER) - 2008
According to the Washington Consensus, developing countries? growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If "getting policies right" is wrong or infeasible,...
Persistent link: https://www.econbiz.de/10005723140
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The Great Recession and the Great Depression
Temin, Peter - National Bureau of Economic Research (NBER) - 2010
This paper discusses parallels between our current recession and the Great Depression for the intelligent general public. It stresses the role of economic models and ideas in public policy and argues that gold-standard mentality still holds sway today. The parallels are greatest in the...
Persistent link: https://www.econbiz.de/10008627136
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Lost Decade in Translation: Did the US Learn from Japan's Post-Bubble Mistakes?
Harrigan, James; Kuttner, Kenneth Neil - National Bureau of Economic Research (NBER) - 2004
' expansions: asset price bubbles, a real investment boom, easy monetary policy, and improvements in government finances. In the …
Persistent link: https://www.econbiz.de/10005037667
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The Portuguese Slump and Crash and the Euro Crisis
Reis, Ricardo - National Bureau of Economic Research (NBER) - 2013
Between 2000 and 2012, the Portuguese economy grew less than the United States during the Great Depression and less than Japan during its lost decade. This paper asks why this happened, with a particular focus on the slump between 2000 and 2007. It describes the main facts of Portugal's recent...
Persistent link: https://www.econbiz.de/10010821923
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Long-Term Damage from the Great Recession in OECD Countries
Ball, Laurence - National Bureau of Economic Research (NBER) - 2014
This paper estimates the long-term effects of the global recession of 2008-2009 on output in 23 countries. I measure these effects by comparing current estimates of potential output from the OECD and IMF to the path that potential was following in 2007, according to estimates at the time. The...
Persistent link: https://www.econbiz.de/10011095627
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The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program
Mian, Atif; Sufi, Amir - National Bureau of Economic Research (NBER) - 2010
. We examine the ability of the government to increase consumption by evaluating the impact of the 2009 "Cash for Clunkers …
Persistent link: https://www.econbiz.de/10008565074
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On the Ethnic Origins of African Development Chiefs and Pre-colonial Political Centralization
Michalopoulos, Stelios; Papaioannou, Elias - National Bureau of Economic Research (NBER) - 2014
We report on recent findings of a fruitful research agenda that explores the importance of ethnic-specific traits in shaping African development. First, using recent surveys from Sub-Saharan African countries, we document that individuals identify with their ethnic group as often as with the...
Persistent link: https://www.econbiz.de/10010951097
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Whither News Shocks?
Basu, Susanto; Barsky, Robert B.; Lee, Keyoung - National Bureau of Economic Research (NBER) - 2014
prices, consumption, consumer confidence and inflation, robustly predict three outcomes. First, following a news shock, TFP …. Third, there is a sharp increase in a forward-looking measure of consumer confidence. Consumption typically rises following …
Persistent link: https://www.econbiz.de/10011271450