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This chapter develops a toolkit of neoclassical macroeconomic models, and applies these models to the U.S. economy from … of the relatively stable postwar U.S. economy, and also for the Great Depression and World War II. The models presented …
Persistent link: https://www.econbiz.de/10012456552
Both energy and the environment are inputs into production, influencing the economy and the overall welfare of the … population. While the economy itself has been a central focus of economic history from its inception, energy and the environment … some thoughts regarding opportunities for further research in energy and the environment …
Persistent link: https://www.econbiz.de/10014322795
For a finer analysis of global value chain integration and competitiveness, we develop and apply a method for a micro-data based breakdown of manufacturing industries in the 2010 Belgian supply-and-use tables into export-oriented and domestic market firms. The former are defined as those firms...
Persistent link: https://www.econbiz.de/10012480807
This paper presents experimental tables created by the U.S. Bureau of Economic Analysis comparing industry-specific shares of the components of total output of globally engaged firms located in the United States that are part of a multinational enterprise with those of firms that are part of an...
Persistent link: https://www.econbiz.de/10012480900
Persistent link: https://www.econbiz.de/10012481141
We analyze persuasion in a model in which each receiver can buy a direct access to the sender's signal or rely on her network connections to get it. For the sender, a higher bias increases the impact per direct receiver, yet diminishes the willingness of agents to receive information. Contrary...
Persistent link: https://www.econbiz.de/10012481484
This paper develops a framework for studying the macroeconomic costs of resource misallocation. The framework enables the assessment of the conditions under which the existing estimates in the misallocation literature, which are largely based on a value-added production structure and ignore...
Persistent link: https://www.econbiz.de/10012482203
of the British economy in 1841. We find that the repeal left Britain's overall welfare roughly unchanged, or perhaps …
Persistent link: https://www.econbiz.de/10012482361
represent the welfare impact of sectoral shocks in the dynamic economy compared to the Domar weights. Third, we analyze the U …
Persistent link: https://www.econbiz.de/10012482397
The Covid-19 crisis is an unusual and seemingly all-encompassing economic shock. On the one hand, it was unquestionably a negative demand shock that, for fixed prices and incomes, reduced household spending. On the other hand, it was also unquestionably a negative supply shock that reduced...
Persistent link: https://www.econbiz.de/10012482564