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Unconventional monetary policy and productivity : evidence on the risk-seeking channel from us corporate bond markets
Albrizio, Silvia; Conesa, Marina; Dlugosch, Dennis; … - 2019
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …
Persistent link: https://www.econbiz.de/10011975741
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Lee-Carter and the macroeconomy
Hanewald, Katja - 2009
Using data for six OECD countries, this paper studies the effect of macroeconomic conditions on the mortality index kt in the well-known Lee-Carter model. Significant correlations are found with real GDP growth rates in Australia, Canada, and the United States, and with unemployment rate changes...
Persistent link: https://www.econbiz.de/10010265670
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Bayesian demographic modeling and forecasting: an application to U.S. mortality
Reichmuth, Wolfgang H.; Sarferaz, Samad - 2008
We present a new way to model age-specific demographic variables with the example of age-specific mortality in the U.S., building on the Lee-Carter approach and extending it in several dimensions. We incorporate covariates and model their dynamics jointly with the latent variables underlying...
Persistent link: https://www.econbiz.de/10010276366
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Modeling and forecasting age-specific mortality: a Bayesian approach
Reichmuth, Wolfgang H.; Sarferaz, Samad - 2008
We present a new way to model age-specific demographic variables, using the example of age-specific mortality in the United States, building on the LeeCarter approach and extending it in several dimensions. We incorporate covariates and model their dynamics jointly with the latent variables...
Persistent link: https://www.econbiz.de/10010276367
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Explaining the decline in the US labor share : taxation and automation
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022
This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...
Persistent link: https://www.econbiz.de/10013206154
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The impact of internet diffusion on marriage rates : evidence from the broadband market
Bellou, Andriana - 2013
The Internet has the potential to reduce search frictions by allowing individuals to identify faster a larger set of available options that conform to their preferences. One market that stands to benefit from this process is that of marriage. This paper empirically examines the implications of...
Persistent link: https://www.econbiz.de/10009729501
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The Impact of New (Orphan) Drug Approvals on Premature Mortality from Rare Diseases in the U.S. and France, 1999-2007
Lichtenberg, Frank R. - 2011
This paper investigates the impact of the introduction of new orphan drugs on premature mortality from rare diseases using longitudinal, disease-level data obtained from a number of major databases. The analysis is performed using data from two countries: the U.S. (during the period 1999-2006)...
Persistent link: https://www.econbiz.de/10014044224
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Measuring and Predicting "New Work" in the United States : The Role of Local Factors and Global Shocks
Kim, Gueyon; Merritt, Cassandra; Peri, Giovanni - National Bureau of Economic Research - 2024
productivity growth as well as local exposures to global shocks--technology, trade, immigration, and population aging--predict the …
Persistent link: https://www.econbiz.de/10014544803
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Nested stochastic possibility frontiers with heterogeneous capital inputs
Erber, Georg; Madlener, Reinhard - 2007
This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of …
Persistent link: https://www.econbiz.de/10010264965
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ICT Intermediates, Growth and Productivity Spillovers: Evidence from Comparison of Growth Effects inGerman and US Manufacturing Sectors
Strobel, Thomas - 2012
Recent pre-crisis growth accounting exercises attribute strong productivity growth toincreased investments in …-EU productivity gapare confirmed for Germany, particularly showing no substantially economy-wide effectsfrom ICT for German sectors …
Persistent link: https://www.econbiz.de/10010312069