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U.S. Growth in the Decade Ahead
Feldstein, Martin S. - 2010
Not all of that extra output will remain in the United States. If the trade deficit is reduced by three percent of GDP, the rise in exports and decline in imports will reduce output available for U.S. consumption and investment by about 0.3 percent a year
Persistent link: https://www.econbiz.de/10012462967
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Why Has U.S. Inflation Become Harder to Forecast?
Stock, James H. - 2006
Forecasts of the rate of price inflation play a central role in the formulation of monetary policy, and forecasting … inflation is a key job for economists at the Federal Reserve Board. This paper examines whether this job has become harder and …, to the extent that it has, what changes in the inflation process have made it so. The main finding is that the univariate …
Persistent link: https://www.econbiz.de/10012466341
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Nonlinear Dynamics in Menu Cost Economies? Evidence from U.S. Data
Blanco, Andres; Boar, Corina; Jones, Callum; Midrigan, … - National Bureau of Economic Research - 2024
-price changes and the extent to which the fraction of price changes increases with inflation in the U.S. time-series. Though the …
Persistent link: https://www.econbiz.de/10014635711
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Bad Men, Good Roads, Jim Crow, and the Economics of Southern Chain Gangs
Bodenhorn, Howard - National Bureau of Economic Research - 2021
Penology in the Jim Crow South centered on the chain gang. Gangs ostensibly served three purposes: their severity served as a deterrent; their putting convicts to work on roads and other public improvements reduced the taxpayers' costs of infrastructure; and their discriminatory implementation...
Persistent link: https://www.econbiz.de/10012482623
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First Foot Forward : A Two-Step Econometric Method for Parsing and Estimating the Impacts of Multiple Identities
Hanks, Andrew S.; Kniffin, Kevin M.; Qian, Xuechao; Wang, Bo - National Bureau of Economic Research - 2022
Marketing and strategy researchers have often studied how organizations navigate multiple identities in relation to category spanning but extant literature pays less attention to understanding how individuals do so. Moreover, current econometric approaches only scratch the surface with respect...
Persistent link: https://www.econbiz.de/10013334510
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The Cost of Regulatory Compliance in the United States
Trebbi, Francesco - National Bureau of Economic Research - 2022
We quantify firms' compliance costs of regulation from 2002 to 2014 in terms of their labor input expenditure to comply with government rules, a primary component of regulatory compliance spending for large portions of the U.S. economy. Detailed establishment-level occupation data, in...
Persistent link: https://www.econbiz.de/10013462739
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The Aftermath of the 1992 ERM Breakup : Was There a Macroeconomic Free Lunch?
Gordon, Robert J. - 1999
, all without any evidence of extra inflation. The results in this paper turn the conventional wisdom on its head. While the … over into extra inflation, leaving only 20 percent remaining for extra real GDP growth. Virtually 100 percent of the … nominal exchange rate depreciation passed through into higher import prices, and extra inflation would have been even more …
Persistent link: https://www.econbiz.de/10012471843
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"Potential Capital", Working From Home, and Economic Resilience
Eberly, Janice C.; Haskel, Jonathan; Mizen, Paul - National Bureau of Economic Research - 2021
The impact of an economic shock depends both on its severity and the resilience of the economic response. Resilience can include the ability to relocate factors, for example, even when new technologies or skills are not yet at the ready. This resilience per se buffers production and has an...
Persistent link: https://www.econbiz.de/10012660108
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A Final Report Card on the States' Response to COVID-19
Kerpen, Phil; Moore, Stephen; Mulligan, Casey B. - National Bureau of Economic Research - 2022
Almost exactly two years ago COVID-19 spread to the United States. Following the federalism model, the 50 states and their governors and legislators made many of their own pandemic policy choices to mitigate the damage from the virus. States learned from one another over time about what policies...
Persistent link: https://www.econbiz.de/10013191023
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Long-Run Environmental Accounting in the U.S. Economy
Muller, Nicholas Z. - 2019
This paper estimates an augmented measure of national output inclusive of environmental pollution damage in the United States economy over a 60-year period. The paper reports two primary findings. First, air pollution intensity declined precipitously from the 1950s to the modern era. Air...
Persistent link: https://www.econbiz.de/10012479859