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The Impact of Self-Employment on Labour-Productivity Growth : A Canada and United States Comparison

Baldwin, John R. - 2009

This paper examines the influence of the self-employed on the growth in labour productivity in the business sector … over the decade has resulted in downward pressure being put on the growth in aggregate labour productivity in the business … productivity growth in the business sector throughout the 1990s. Almost all of the difference in labourproductivity growth between …

Persistent link: https://www.econbiz.de/10012718013

Opening heaven's door: public opinion and congressional votes on the 1965 Immigration Act

Facchini, Giovanni; Hatton, Timothy J.; Steinhardt, Max … - 2021

The Immigration Act of 1965 marked a dramatic shift in policy and one with major long term consequences for the volume and composition of immigration to the United States. Here we explore the political economy of a reform that has been overshadowed by the Civil Rights and Great Society programs....

Persistent link: https://www.econbiz.de/10012793301

The Democratic-Republican presidential growth gap and the partisan balance of the state government

Cahan, Dodge; Potrafke, Niklas - 2017

Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...

Persistent link: https://www.econbiz.de/10011663552

Government ideology and economic policy-making in the United States

Potrafke, Niklas - 2017

This paper describes the role of government ideology on economic policy-making in the United States. I consider studies using data for the national, state and local level and elaborate on checks and balances, especially divided government, measurement of government ideology and empirical...

Persistent link: https://www.econbiz.de/10011646733

Market regulation and economic interdependence : capital supply and aggregate demand in the twentieth century

Selva, Simone - 2017

This contribution offers a comparison between the economic crises of the late-1920s and the first energy crisis of the 1970s through an inquiry into the changing balance between the transnational supply of capital and domestic aggregate demand for fixed capital formation and consumer goods. Its...

Persistent link: https://www.econbiz.de/10011613333

Did the founding of the Federal Reserve affect the vulnerability of the interbank system to systemic risk?

Carlson, Mark; Wheelock, David C. - 2016 - Draft: July 18, 2016

As a result of legal restrictions on branch banking, an extensive interbank system developed in the United States during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the interbank system to meet seasonal and other demands, but...

Persistent link: https://www.econbiz.de/10011578151

Drifts and volatilities under measurement error : assessing monetary policy shocks over the last century

Amir Ahmadi, Pooyan; Matthes, Christian; Wang, Mu-Chun - In: Quantitative economics : QE ; journal of the … 7 (2016) 2, pp. 591-611

How much have the dynamics of U.S. time series changed over the last century? Has the evolution of the Federal Reserve as an institution over the 100 years altered the transmission of monetary policy shocks? To tackle these questions, we build a multivariate time series model with time-varying...

Persistent link: https://www.econbiz.de/10011800671

Was the U.S. Great Depression a Credit Boom Gone Wrong?

Postel-Vinay, Natacha - 2020

The US Great Depression was preceded by almost a decade of credit growth. This review paper suggests that the 1920s credit boom went through two phases: one, up to around 1927, when credit grew in concert with money; another one, from around 1928 to 1929, when credit grew faster than money....

Persistent link: https://www.econbiz.de/10012848726

Degrees of Processing and Changes in the Cyclical Behavior of Prices in the United States, 1869-1990

Hanes, Christopher - 1999

Price indices for periods before the Second World War place more weight on less-processed products than do their post-war counterparts, to an extent that exaggerates the change over time in the composition of aggregate output. Prices of less-processed products are especially procyclical in...

Persistent link: https://www.econbiz.de/10014215902

Did Monetary Forces Cause the Great Depression? A Bayesian VAR Analysis for the U.S. Economy

Ritschl, Albrecht; Woitek, Ulrich - 2004

This paper recasts Temin's (1976) question of whether monetary forces caused the Great Depression in a modern time series framework. We evaluate the effects of monetary policy against nonmonetary alternatives in a Bayesian updating framework with time-varying parameters. The predictive power of...

Persistent link: https://www.econbiz.de/10014151355