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Revisiting the Phillips and Beveridge Curves : Insights from the 2020s Inflation Surge

Benigno, Pierpaolo; Eggertsson, Gauti B. - National Bureau of Economic Research - 2024

This paper reexamines the Phillips and Beveridge curves to explain the inflation surge in the U.S. during the 2020s. We … almost exclusively through a drop in vacancies rather than an increase in unemployment. This feature matches the U … five other inflation surges over the past 111 years where the Beveridge threshold was breached. We define a Beveridge …

Persistent link: https://www.econbiz.de/10015094937

The Cost of Railroad Regulation: The Disintegration of American Agricultural Markets in the Interwar Period

Federico, Giovanni; Sharp, Paul - Økonomisk Institut, Københavns Universitet - 2011

We investigate the costs of transportation regulation using the example of agricultural markets in the United States. Using a large database of prices by state of agricultural commodities, we find that the coefficient of variation (as a measure of market integration between states) falls for...

Persistent link: https://www.econbiz.de/10009147470

Rust Buckets : How the Jones Act Undermines U.S. Shipbuilding and National Security

Grabow, Colin - 2019

Since its inception, supporters of the Jones Act have claimed that the law is essential to U.S. national security. Although indefensible on economic grounds, Jones Act advocates argue that its restrictions promote the development of both a U.S. merchant marine and shipbuilding and repair...

Persistent link: https://www.econbiz.de/10014103125

Deregulation Process, Governance Structures and Efficiency : The U.S. Electric Utility Sector

Delmas, Magali A.; Tokat, Yesim - 2003

This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric utilities in the United States. We argue that there are...

Persistent link: https://www.econbiz.de/10014031113

Comparative sectoral price elasticities of U.S. energy demand

Addey, Kwame Asiam; Shaik, Saleem; Sakouvogui, Kekoura - In: Cogent economics & finance 7 (2019) 1, pp. 1-17

A sustainable energy system is key for addressing the world’s environmental and social challenges. The U.S is the second largest consumer of energy, with increased energy consumption in the previous half-century. To curb energy demand, it is essential to understand the relative price...

Persistent link: https://www.econbiz.de/10014232602

GHG Trading Framework for the U.S. Biofuels Sector

Kumarappan, Subbu - 2015

Substitution of petroleum fuels with biofuels such as ethanol and biodiesel has been shown to reduce greenhouse gas (GHG) emissions. These GHG reductions can be traded in the emerging carbon markets, and methodologies for quantifying and trading are still being developed. The main challenges in...

Persistent link: https://www.econbiz.de/10012749859

The Model T

Eli, Shari; Hausman, Joshua K.; Rhode, Paul W. - National Bureau of Economic Research - 2023

We ask (1) why the United States adopted the car more quickly than other countries before 1929, and (2) why in the United States the car changed from a luxury to a mass market good between 1909 and 1919. We argue that the answer is in part the success of the Model T in the United States and its...

Persistent link: https://www.econbiz.de/10014322841

Comparison of Direct and Indirect Energy Consumption in China and the United States

Liu, Hongtao; Polenske, Karen R.; Guilhoto, Joaquim; … - 2014

Greenhouse gas reduction and energy consumption are becoming two important issues in both industrialized and developing countries, and policy makers are developing means to reduce total domestic energy use. We evaluate and compare the direct and the indirect energy consumption both in the...

Persistent link: https://www.econbiz.de/10014147879

Local Energy Access and Industry Specialization : Evidence from World War II Emergency Pipelines

Greenspon, Jacob; Hanson, Gordon H. - National Bureau of Economic Research - 2025

How does improving access to the supply of energy affect regional specialization in manufacturing? We evaluate the long-run employment impacts of pipelines constructed by the U.S. government during World War II to transport oil and gas from the oil fields of the Southwest to wartime industrial...

Persistent link: https://www.econbiz.de/10015398172

Unemployment in the United States and in Europe : a contrast and the reasons

Solow, Robert M. - In: IFO-Studien : Zeitschrift für empirische … 46 (2000) 1, pp. 1-12

In Europe, high and persistent unemployment is usually attributed entirely to "labor market rigidity". The only remedy … unemployment in Europe: over-regulation and weakness of competition in good markets, and an excessively contractionary combination …

Persistent link: https://www.econbiz.de/10001501420