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An Historical Walk Through Recent Financial Crises
Kowalski, Tadeusz; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2011
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10009145755
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John Maynard Keynes: Is That you Knocking on the Door?
Kowalski, Tadeusz; Shachmurove, Yochanan - Zakład Ekonometrii Stosowanej, Szkoła Główna … - 2011
This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...
Persistent link: https://www.econbiz.de/10009293018
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Optimal spatial taxation : are big cities too small?
Eeckhout, Jan; Guner, Nezih - 2015
We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...
Persistent link: https://www.econbiz.de/10010470412
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Analyse der Übertragung US-amerikanischer Schocks auf Deutschland auf Basis eines FAVAR
Eickmeier, Sandra - 2009
Die vorliegende Arbeit untersucht, wie sich Angebots-, Nachfrage- und geldpolitische Schocks aus den Vereinigten Staaten auf Deutschland übertragen. Dabei wird ein so genanntes factor-augmented vector autoregressive model (FAVAR) auf einen neu zusammengestellten Datensatz mit mehr als 200...
Persistent link: https://www.econbiz.de/10003919815
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Trade shocks and the provision of local public goods
Feler, Leo; Senses, Mine Zeynep - 2016
services. Areas in the US with declining labor demand and incomes due to increasing import competition from China experience …
Persistent link: https://www.econbiz.de/10011543193
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Estimating border effects : the impact of spatial aggregation
Coughlin, Cletus Charles; Novy, Dennis - 2016
Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which initially symmetric micro regions are combined to form...
Persistent link: https://www.econbiz.de/10011458028
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Agglomeration and Trade : State-Level Evidence from U.S. Industries
YILMAZKUDAY, HAKAN - 2010
This paper investigates the connection between economic agglomeration and trade patterns within the U.S. at the industry level. On the consumption side, industry- and state-specific international imports and elasticities of substitution are shown to be systematically connected to consumption...
Persistent link: https://www.econbiz.de/10014049467
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Trading Places : Mobility Responses of Native and Foreign-Born Adults to the China Trade Shock
Autor, David H.; Dorn, David; Hanson, Gordon H. - National Bureau of Economic Research - 2023
from China. Although population headcounts of the foreign-born fell by more than those of the native-born in regions … exposed to the China trade shock, the overall contribution of immigration to labor market adjustment in this episode was small … industries that would later see increased import penetration from China. The foreign-born share of the working-age population in …
Persistent link: https://www.econbiz.de/10013537796
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The sources of capital misallocation
David, Joel M.; Venkateswaran, Venky - In: The American economic review 109 (2019) 7, pp. 2531-2567
Persistent link: https://www.econbiz.de/10012100329
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Does import competition induce R&D reallocation? : evidence from the U.S.
Xu, Rui; Gong, Kaiji - 2017
We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we …
Persistent link: https://www.econbiz.de/10011763631