Results 11 to 20 of about 74,891 (43)
Geographic Cross-Sectional Fiscal Spending Multipliers: What Have We Learned?
American Economic Journal: Economic Policy, 2017 A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in spending in one region of a monetary union. Empirical studies of such multipliers have proliferated.
Gabriel Chodorow-reich
semanticscholar +1 more source
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
American Economic Journal: Macroeconomics, 2016 We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop, and estimate a model with an endogenous
D. Anzoategui +3 more
semanticscholar +1 more source
Rational Inattention and the Business Cycle Effects of Productivity and News Shocks
Social Science Research NetworkWe solve a real business cycle model with rational inattention (an RI-RBC model). In the RI-RBC model, the growth rates of employment, investment, and output are about as persistent as in the data, with an amount of inattention consistent with survey ...
Bartosz Mackowiak, Mirko Wiederholt
semanticscholar +1 more source
The Term Structure of Growth-at-Risk
Social Science Research Network, 2018 We show that the conditional distribution of forecasted GDP growth depends on financial conditions in a panel of 11 advanced economies. Financial conditions have a larger effect on the lower fifth percentile of conditional growth—which we call growth-at ...
T. Adrian +3 more
semanticscholar +1 more source
Bad Times, Bad Jobs? How Recessions Affect Early Career Trajectories
Social Science Research NetworkWorkers who enter the labor market during recessions experience lasting earnings losses, but the role of non-pay amenities in either exacerbating or counteracting these losses remains unknown.
Parag Mahajan +2 more
semanticscholar +1 more source
Sources of Displaced Workers’ Long-Term Earnings Losses
The American Economic Review, 2017 We estimate the magnitudes of reduced earnings, work hours, and wage rates of workers displaced during the Great Recession using linked employer-employee panel data from Washington state.
Marta Lachowska +2 more
semanticscholar +1 more source
The Evolution of Local Labor Markets after Recessions
Social Science Research NetworkThis paper studies how US local labor markets respond to employment losses that occur during recessions. Following recessions from 1973 through 2009, we find areas that lose more jobs during the recession experience persistent relative declines in ...
Brad J. Hershbein, B. Stuart
semanticscholar +1 more source
Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications
, 2012 Gabriel Jiménez +3 more
semanticscholar +1 more source
Is the Phillips Curve Alive and Well after All? Inflation Expectations and the Missing Disinflation
, 2013 Olivier Coibion, Y. Gorodnichenko
semanticscholar +1 more source
The Short- and Long-Term Career Effects of Graduating in a Recession
, 2012 P. Oreopoulos +2 more
semanticscholar +1 more source