The Decline of the U.S. Labor ShareBrookings Papers on Economic Activity - Tập 2013 Số 2 - Trang 1-63 - 2013
Michael Elsby, Bart Hobijn, Ayşegül Şahin
Over the past quarter century, labor’s share of income in the United States has trended downward, reaching its lowest level in the postwar period after the Great Recession. A detailed examination of the magnitude, determinants, and implications of this decline delivers five conclusions. First, about a third of the decline in the published labor share appears to be an arti...... hiện toàn bộ
The Medium RunBrookings Papers on Economic Activity - Tập 1997 Số 2 - Trang 89 - 1997
Olivier Blanchard, William D. Nordhaus, Edmund S. Phelps
Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within CountriesBrookings Papers on Economic Activity - Tập 2013 Số 1 - Trang 279-340 - 2013
Aslı Demirgüç-Kunt, Leora Klapper
This paper summarizes the first publicly available, user-side data set of indicators that measure how adults in 148 countries save, borrow, make payments, and manage risk. We use the data to benchmark financial inclusion—the share of the population that uses formal financial services—in countries around the world, and to investigate the significant country- and individual-lev...... hiện toàn bộ
Causes and Consequences of the Oil Shock of 2007–08Brookings Papers on Economic Activity - Tập 2009 Số 1 - Trang 215-261 - 2009
James D. Hamilton
This paper explores similarities and differences between the run-up of oil prices in 2007–08 and earlier oil price shocks, looking at what caused these price increases and what effects they had on the economy. Whereas previous oil price shocks were primarily caused by physical disruptions of supply, the price run-up of 2007–08 was caused by strong demand confronting stagnatin...... hiện toàn bộ
Exchange Rate Economics: Where Do We Stand?Brookings Papers on Economic Activity - Tập 1980 Số 1 - Trang 143 - 1980
Rüdiger Dornbusch, William H. Branson, Marina von Neumann Whitman, Peter Β. Kenen, H. S. Houthakker, Robert E. Hall, Robert Z. Lawrence, George L. W. Perry, William Fellner, William C. Brainard, George von Furstenburg