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We document externalities of the civic unrest experienced in Ferguson, MO following the police shooting of an unarmed … black teenager. Difference-in-differences and synthetic control method estimates compare Ferguson-area schools to … absence increased by five percent in Ferguson-area schools. Impacts were concentrated in elementary schools and at the bottom …
Persistent link: https://www.econbiz.de/10011525022
We document externalities of the civic unrest experienced in Ferguson, MO following the police shooting of an unarmed … black teenager. Difference-in-differences and synthetic control method estimates compare Ferguson-area schools to … absence increased by five percent in Ferguson-area schools. Impacts were concentrated in elementary schools and at the bottom …
Persistent link: https://www.econbiz.de/10011517741
Persistent link: https://www.econbiz.de/10011944133
About two weeks prior to each FOMC meeting, the Federal Reserve releases a description of economic activity in a document called the Beige Book. The authors examine whether the descriptive content of the Beige Book affects asset prices. The results indicate that more positive Beige Book reports...
Persistent link: https://www.econbiz.de/10010397414
The U.S. economy appears to have experienced a pronounced shift toward higher productivity over the last five years or so. We wish to understand the implications of such shifts for the structure of optimal monetary policy rules in simple dynamic economies. Accordingly, we begin with a standard...
Persistent link: https://www.econbiz.de/10005360622
Persistent link: https://www.econbiz.de/10005360913
For at least the next two years, the U.S. economy will grow more slowly than it has on average since World War II. This is the forecast of a Bayesian vector autoregression model developed and used by researchers at the Minneapolis Federal Reserve Bank. The model's previous forecast—of a very...
Persistent link: https://www.econbiz.de/10005360931
Was the high inflation of the 1970s mostly due to incomplete information about the structure of the economy (an unavoidable mistake as suggested by Orphanides, 2000)? Or, to weak reaction to expected inflation and/or excessive policy activism that led to indeterminacies (a policy mistake, a...
Persistent link: https://www.econbiz.de/10005368232
The increased spending on security by the public and private sectors in response to September 11 could have important effects on the U.S. economy. Sizable government expenditures, for example, could trigger a rise in the cost of capital and wages and a reduction in investment and employment in...
Persistent link: https://www.econbiz.de/10005372863
The Asia crisis was originally expected to affect the U.S. economy adversely, mainly through reduced exports to, and increased imports from, the crisis countries. However, U.S. GDP growth in 1998, at 4.3 percent, was surprisingly strong. This article examines the effect of the crisis on the U.S....
Persistent link: https://www.econbiz.de/10005372911