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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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A Conceptual Framework for Interpreting Recorded Human History
Weingast, Barry R.; North, Douglass C; Wallis, John Joseph - National Bureau of Economic Research (NBER) - 2006
Neither economics nor political science can explain the process of modern social development. The fact that developed societies always have developed economies and developed polities suggests that the connection between economics and politics must be a fundamental part of the development...
Persistent link: https://www.econbiz.de/10005714272
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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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Do Majority Black Districts Limit Blacks' Representation? The Case of the 1990 Redistricting
Washington, Ebonya L. - National Bureau of Economic Research (NBER) - 2011
Conventional wisdom and empirical academic research conclude that majority Black districts decrease Black representation by increasing conservatism in Congress. However, this research generally suffers from three limitations: 1) too low a level of aggregation 2) lack of a counterfactual and 3)...
Persistent link: https://www.econbiz.de/10009025245
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Generalized Agency Problems
Morck, Randall - National Bureau of Economic Research (NBER) - 2009
Agency problems in economics virtually always entail self-interested agency exhibiting "insufficient" loyalty to principal. Social psychology also has a literature, mainly derived from work by Stanley Milgram, on issues of agency, but this emphasizes excessive loyalty -- people undergoing a...
Persistent link: https://www.econbiz.de/10005660147
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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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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 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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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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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