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The Effect of New Deal Policies Revisited

, 2020
Eggertsson (2012, American Economic Review, 102, 524–55) finds that when the nominal interest rate hits the zero lower bound, the aggregate demand (AD) curve becomes upward-sloping and supply-side policies that reduce the natural rate of output, such ...
Yangyang Ji
semanticscholar   +1 more source

The Elasticity of Aggregate Output with Respect to Capital and Labor

Social Science Research Network
It is often assumed that the elasticity of GDP with respect to capital is one-third, but this assumes zero markups and an aggregate production function. I estimate the elasticity allowing markups to vary by industry and with a rich input-output structure.
Dietrich Vollrath
semanticscholar   +1 more source

Labor Market Effects of Workweek Restrictions: Evidence from the Great Depression

American Economic Journal: Macroeconomics
We study the effects of restrictions on the length of the workweek under the President’s Reemployment Agreement (PRA) of July 1933 and the National Industrial Recovery Act. We construct a model in which the equilibrium without such a workweek restriction
P. Fishback   +2 more
semanticscholar   +1 more source

Constant Full Employment Growth: The Economic Analysis and Policies of Leon Hirsch Keyserling, Council of Economic Advisors – The Truman Era and Beyond

The American Economist, 2018
This article discusses the generalized economic theories and policy prescriptions of Leon Hirsch Keyserling. Keyserling himself was a major author of the Employment Act of 1946, which created the Council of Economic Advisors.
W. Brazelton
semanticscholar   +1 more source

Density functional theory based molecular dynamics study on hydrogen storage capacity of C24, B12N12, Al12 N12, Be12O12, Mg12O12, and Zn12O12 nanocages

, 2020
In the current study, the density functional theory calculations (DFT) were employed to determine the hydrogen storage properties of some nanoclusters including C24, B12N12, Al12 N12, Be12O12, Mg12O12, and Zn12O12.
M. Ahangari, Amin Hamed Mashhadzadeh
semanticscholar   +1 more source

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