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Depression econometrics : a FAVAR model of monetary policy during the Great Depression

Ahmadi, Pooyan Amir; Ritschl, Albrecht - 2009

The prominent role of monetary policy in the U.S. interwar depression has been conventional wisdom since Friedman and Schwartz [1963]. This paper presents evidence on both the surprise and the systematic components of monetary policy between 1929 and 1933. Doubts surrounding GDP estimates for...

Persistent link: https://www.econbiz.de/10003904615

Moonshot : Public R&D and Growth

Kantor, Shawn Everett; Whalley, Alexander T. - National Bureau of Economic Research - 2023

We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...

Persistent link: https://www.econbiz.de/10014322858

Do Government Spending Multipliers Depend on the Sign of the Shock?

Ben Zeev, Nadav; Ramey, Valerie A.; Zubairy, Sarah - National Bureau of Economic Research - 2023

We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U.S. data, we apply Ben Zeev's (2020) nonlinear diagnostic tests and find evidence of nonlinearities in the impulse response functions of both government spending and GDP. We then...

Persistent link: https://www.econbiz.de/10014247936

An inquiry into the development of science and technology parks in China

Zhang, Haiyang; Sonobe, Tetsushi - 2010

agglomeration and congestion. The main finding is that the negative effect of congestion on productivity is highly likely to … outweigh the positive productivity effect of agglomeration economies within the STIPs but not among high-tech firms outside the … STIPs. The paper also finds that the productivity of high-tech firms, whether within or outside the STIPs, are positively …

Persistent link: https://www.econbiz.de/10008697467

Quantitative easing and corporate innovation

Grimm, Niklas; Laeven, Luc; Popov, Alexander - 2021

To what extent can Quantitative Easing impact productivity growth? We document a strong and heterogeneous response of …

Persistent link: https://www.econbiz.de/10012705397

Der Wirtschaftsaufschwung der Vereinigten Staaten in den neunziger Jahren : Rolle und Beitrag makroökonomischer Faktoren

Heilemann, Ullrich (contributor) - 2000

Persistent link: https://www.econbiz.de/10001456765

New sources of economic growth in Europe?

Elmeskov, Jørgen; Scarpetta, Stefano - In: Das neue Millennium - Zeit für ein neues ökonomisches …, (pp. 57-87). 2000

Persistent link: https://www.econbiz.de/10001573920

Beyond the dot.coms : the economic promise of the Internet

Litan, Robert E.; Rivlin, Alice M. - 2001

Is the internet a big deal? -- Why productivity is so important -- Productivity and the internet: what lies ahead …

Persistent link: https://www.econbiz.de/10001611643

Persistent dollar swings and the US economy

Baily, Martin Neil - In: Dollar overvaluation and the world economy, (pp. 81-134). 2003

Persistent link: https://www.econbiz.de/10001764107

Wahlen, Wirtschaftspolitik und Glück - der Clinton-Aufschwung 1993 bis 2000

Heilemann, Ullrich - In: Konjunktur, Wachstum und Wirtschaftspolitik im Zeichen …, (pp. 69-106). 2003

Persistent link: https://www.econbiz.de/10001740671