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Productivity Variation and Input Misallocation : Evidence from Hospitals
Chandra, Amitabh; Colla, Carrie Hoverman; Skinner, Jonathan - National Bureau of Economic Research - 2023
There are widespread differences in total factor productivity across producers in the U.S. and around the world. To help explain these variations, we devise a general test for misallocation in input choices - the underuse of effective inputs and overuse of ineffective ones. Misallocation implies...
Persistent link: https://www.econbiz.de/10014337801
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Output, Employment, and Price Effects of U.S. Narrative Tax Changes : A Factor-Augmented Vector Autoregression Approach
Alam, Masud - 2021
This paper examines the short- and long-run effects of U.S. federal personal income and corporate income tax cuts on a wide array of economic policy variables in a data-rich environment. Using a panel of U.S. macroeconomic data set, made up of 132 quarterly macroeconomic series for 1959-2018,...
Persistent link: https://www.econbiz.de/10013220900
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Proxy SVARs : asymptotic theory, bootstrap inference, and the effects of income tax changes in the United States
Jentsch, Carsten; Lunsford, Kurt G. - 2016
Proxy structural vector autoregressions (SVARs)identify structural shocks in vector autoregressions (VARs) with external proxy variables that are correlated with the structural shocks of interest but uncorrelated with other structural shocks. We provide asymptotic theory for proxy SVARs when the...
Persistent link: https://www.econbiz.de/10011570152
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Short-Term Tax Cuts, Long-Term Stimulus
Cloyne, James; Martinez, Joseba; Mumtaz, Haroon; … - National Bureau of Economic Research - 2022
We study the persistent effects of temporary changes in U.S. federal corporate and personal income tax rates using a narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak effects between five and eight years. R&D spending...
Persistent link: https://www.econbiz.de/10013334463
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Macroeconomic Effects of U.S. Narrative Tax Changes : A Factor-Augmented Vector Autoregession Approach
Alam, Masud - 2021
This paper examines the short- and long-run effects of U.S. federal personal income and corporate income tax cuts on a wide array of economic policy variables in a data-rich environment. Using a panel of U.S. macroeconomic data set, made up of 132 quarterly macroeconomic series for 1959-2018,...
Persistent link: https://www.econbiz.de/10013226967
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013 - This version: January 2013, First version: June 2010
labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …, the model is also consistent with different employment and reallocation outcomes as workers gain experience in the labor …
Persistent link: https://www.econbiz.de/10009691688
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A tale of two countries: a comparison of the aggregate effects of sectoral reallocation in the United States and Germany
Reicher, Christopher Phillip - 2011
This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a … following the Great Recession. -- Sectoral shifts ; reallocation ; natural rate ; unemployment ; turbulence ; stochastic …
Persistent link: https://www.econbiz.de/10009232258
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The aggregate effects of long run sectoral reallocation
Reicher, Christopher Phillip - 2011
capital mismatch. Looking at the period of the Great Recession, reallocation has had no detectable effect on the natural rate … the beginning of 2011. -- Mismatch ; sectoral shifts ; reallocation ; natural rate ; unemployment ; Great Recession …
Persistent link: https://www.econbiz.de/10009232259
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013 - This version: January 2013, First version: June 2010
labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …, the model is also consistent with dif- ferent employment and reallocation outcomes as workers gain experience in the labor …
Persistent link: https://www.econbiz.de/10009681815
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013
labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …, the model is also consistent with different employment and reallocation outcomes as workers gain experience in the labor …
Persistent link: https://www.econbiz.de/10009683022