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Aguiar, Mark A. - 2020

Many households hold little wealth, especially liquid wealth. In precautionary savings models, absent preference heterogeneity, these households should display not only higher marginal propensities to consume (MPCs), but also lower average propensities to consume (APCs) and higher future...

Persistent link: https://www.econbiz.de/10012479167

International Evidence on Sticky Consumption Growth

Carroll, Christopher D. - 2008

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...

Persistent link: https://www.econbiz.de/10012464771

The Global History of Corporate Governance : An Introduction

Morck, Randall K. - 2005

This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …

Persistent link: https://www.econbiz.de/10012467625

Were Trade and Factor Mobility Substitutes in History?

Collins, William J. - 1997

Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...

Persistent link: https://www.econbiz.de/10012472755

International Transmission Under Bretton Woods

Stockman, Alan C. - 1992

This paper explores the main channels of international transmission of economic disturbances under the Bretton Woods System and presents evidence on the short-run international transmission of inflation under that system. There appears to have been little short-run international transmission of...

Persistent link: https://www.econbiz.de/10012474846

Central Bank Behavior and the Strategy of Monetary Policy : Observations From Six Industrialized Countries

Bernanke, Ben - 1992

Using a simple case study approach. this paper compares the conduct and performance of monetary policy in six Industrialized countries since the breakup of the Bretton Woods system. Our purpose is to develop fruitful hypotheses that might usefully be explored in subsequent, more formal research....

Persistent link: https://www.econbiz.de/10012474897

Productivity and Machinery Investment : A Long Run Look 1870-1980

De Long, J. Bradford - 1991

Over the past century the long-run growth of six economies shows a strong association between investment in machinery and economic growth that holds both within and across nations and periods. A similar strong association holds for the post-world War II period for a broader cross section of...

Persistent link: https://www.econbiz.de/10012475084

Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets

Bekaert, Geert - 1991

The paper characterizes predictable components in excess rates of returns on major equity and foreign exchange markets using lagged excess returns, dividend yields, and forward premiums as instruments. Vector autoregressive techniques demonstrate one-step-ahead predictability and provide implied...

Persistent link: https://www.econbiz.de/10012475210

Tastes and Technology in a Two-Country Model of the Business Cycle : Explaining International Comovements

Stockman, Alan C. - 1990

This paper studies the international transmission of business cycles by developing a two-country real business-cycle model and confronting it with a broad set of empirical observations. These observations include variances and covariances of output, labor, consumption, employment, and investment...

Persistent link: https://www.econbiz.de/10012475480

Post-War Economic Growth in the Group-of-Five Countries : A New Analysis

Boskin, Michael J. - 1990

Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …

Persistent link: https://www.econbiz.de/10012475512

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