Narrow search
Showing 1 - 10 of 40,397
Cover Image
Can general purpose technology theory explain economic growth? : electrical power as a case study
Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014
economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA …
Persistent link: https://www.econbiz.de/10010252126
Cover Image
Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets
Mitchener, Kris James - 2012
This paper examines the impacts of banking market structure and regulation on economic growth using new data on banking market concentration and manufacturing industry-level growth rates for U.S. states during 1899-1929 — a period when the manufacturing sector was expanding rapidly and...
Persistent link: https://www.econbiz.de/10013115288
Cover Image
American Exceptionalism and the Benefits of Statehood : An Analysis of the Growth Effects of Joining the United States of America
Maseland, Robbert - 2020
Texas, California, Arizona, New Mexico, Colorado, Utah, Wyoming and Nevada had they not joined the USA. We show that the … growth paths of Puerto Rico, Cuba, the Philippines and Greenland in the scenario where they joined the USA at times in … institutional quality of the USA as a whole matches the quality predicted for New England most closely. This suggests that upon …
Persistent link: https://www.econbiz.de/10012842927
Cover Image
Monetary Regimes, Money Supply, and the US Business Cycle since 1959
Hollander, Hylton - 2019
The monetary authority's choice of operating procedure has significant implications for the role of monetary aggregates and interest rate policy on the business cycle. Using a dynamic general equilibrium model, we show that the type of endogenous monetary regime, together with the interaction...
Persistent link: https://www.econbiz.de/10012895445
Cover Image
Evolving Credit and the U.S. Macroeconomy : 1920-2011
Amir-Ahmadi, Pooyan - 2015
This paper studies evolving macroeconomic consequences of adverse credit spread shocks for the US economy over the past century. The key objective is to characterize and quantify how the credit transmission mechanism has changed in shaping the macroeconomy during major macroeconomic episodes. I...
Persistent link: https://www.econbiz.de/10013022619
Cover Image
A Monetary Explanation for the Recession of 1797
Curott, Nicholas Adam - 2011
This paper presents a monetary explanation the US recession of 1797. Credit expansion initiated by Bank of the United States in the early 1790s unleashed a bout of inflation and low real interest rates which spurred a speculative investment bubble in real estate and capital intensive...
Persistent link: https://www.econbiz.de/10013125857
Cover Image
The Great Moderation in Historical Perspective. Is it that Great?
Gadea Rivas, Maria Dolores - 2015
structure and a substantial reduction of output volatility. We find two robust structural breaks in volatility at the end of … volatility reduction is only linked to expansion features. We also date the US business cycle in the long run, finding that … volatility plays a primary role in the definition of the business cycle, which has important consequences for econometricians and …
Persistent link: https://www.econbiz.de/10013014407
Cover Image
Treatment of the Banking Holiday of March 1933 in Growth Regressions
Mladjan, Mrdjan - 2019
Government intervention during the banking holiday of March 1933 resolved the uncertainty usually created by bank suspensions. Including banking holiday suspensions in growth regressions therefore biases downwards the estimates of the real effects of bank suspensions. In this paper, I propose a...
Persistent link: https://www.econbiz.de/10012865724
Cover Image
Buried in the Vaults of Central Banks : Monetary Gold Hoarding and the Slide into the Great Depression
Karau, Sören - 2021
I study whether monetary gold hoarding was the main cause of the Great Depression in a structural VAR analysis. The notion that monetary forces played an important role in bringing about the depression is well established in the narrative literature, but has more recently met some skepticism by...
Persistent link: https://www.econbiz.de/10013249623
Cover Image
Buried in the vaults of central banks : monetary gold hoarding and the slide into the Great Depression
Karau, Sören - 2020 - This draft: October 2020
I study whether monetary gold hoarding was the main cause of the Great Depression in a structural VAR analysis. The notion that monetary forces played an important role in bringing about the depression is well established in the narrative literature, but has more recently met some skepticism by...
Persistent link: https://www.econbiz.de/10012405992