American Economic Journal: Macroeconomics
SSCI-ISI SCOPUS (2009-2023)
1945-7707
1945-7715
Mỹ
Cơ quản chủ quản: AMER ECONOMIC ASSOC , American Economic Association
Lĩnh vực:
Economics, Econometrics and Finance (miscellaneous)
Phân tích ảnh hưởng
Các bài báo tiêu biểu
Culture: An Empirical Investigation of Beliefs, Work, and Fertility We study culture by examining the work and fertility behavior of second-generation American women. Culture is proxied with past female labor force participation and total fertility rates from the woman's country of ancestry. The values of these variables capture not only economic and institutional conditions but also the country's preferences and beliefs regarding women's roles. Since the... ...
Tập 1 Số 1 - Trang 146-177 - 2009
Uncertainty and Economic Activity: Evidence from Business Survey Data This paper uses survey expectations data to construct empirical proxies for time-varying business-level uncertainty. Access to the micro data from the German IFO Business Climate Survey permits construction of uncertainty measures based on both ex ante disagreement and ex post forecast errors. Ex ante disagreement is strongly correlated with dispersion in ex post forecast errors. Surprise... ...
Tập 5 Số 2 - Trang 217-249 - 2013
Simple Analytics of the Government Expenditure Multiplier This paper explains the key factors that determine the output multiplier of government purchases in New Keynesian models, through a series of simple examples that can be solved analytically. Sticky prices or wages allow for larger multipliers than in a neoclassical model, though the size of the multiplier depends crucially on the monetary policy response. A multiplier well in excess of on... ...
Tập 3 Số 1 - Trang 1-35 - 2011
Crises and Recoveries in an Empirical Model of Consumption Disasters We estimate an empirical model of consumption disasters using new data on consumption for 24 countries over more than 100 years, and study its implications for asset prices. The model allows for partial recoveries after disasters that unfold over multiple years. We find that roughly half of the drop in consumption due to disasters is subsequently reversed. Our model generates a sizable eq... ...
Tập 5 Số 3 - Trang 35-74 - 2013
Oil and Conflict: What Does the Cross Country Evidence Really Show? This paper re-examines the effect of oil wealth on political violence. Using a unique historical panel dataset of oil discoveries, we show that simply controlling for country fixed effects removes the statistical association between the value of oil reserves and civil war onset. Other macro-political violence measures, such as coup attempts, are also uncorrelated with oil wealth. To furth... ...
Tập 5 Số 1 - Trang 49-80 - 2013
Structural Change Out of Agriculture: Labor Push versus Labor Pull A declining agricultural employment share is a key feature of economic development. Its main drivers are: improvements in agricultural technology combined with Engel's law release resources from agriculture (“labor push”), and improvements in industrial tech nology attract labor out of agriculture (“labor pull”). We present a model with both channels and evaluate the importance using data... ...
Tập 3 Số 3 - Trang 127-158 - 2011