Business Economics
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The Financial Crisis and the Implementation of Monetary Policy
Business Economics - Tập 44 - Trang 216-219 - 2009
The ongoing financial crisis has had a dramatic impact on how the Federal Reserve conducts monetary policy. In this paper I outline how the Federal Reserve implements monetary policy during “ordinary” circumstances, and compare and contrast this with how it has implemented policy in the wake of the crisis, especially in the latter part of 2008.
What Can the Developed World Learn from the Latin American Debt and Mexican Peso Crisis?
Business Economics - - 2012
Edward Nelson: Milton Friedman and economic debate in the United States, 1932–1972 (volumes 1 and 2)
Business Economics - Tập 56 - Trang 101-105 - 2021
Did Okun’s law die after the Great Recession?
Business Economics - Tập 52 - Trang 216-226 - 2017
This paper estimates Okun’s law, focusing on piecewise non-linearity in the form of structural breaks and threshold dynamics, and obtains regime-dependent as well as threshold-dependent changes in the unemployment rate. We employ an autoregressive distributed lag version of Okun’s law in first differences, which allows for delayed reactions of the unemployment rate to output growth. Applied to U.S......
Is Inequality Growing as American Workers Fall Behind?
Business Economics - Tập 43 - Trang 44-54 - 2008
This article looks at reasons why income inequality could rise and then explores whether, in fact, workers are losing out. It examines whether workers are falling behind relative to the wealthy and whether real wages have been falling or perhaps only manufacturing wages. It also examines whether there is a growing “wealth gap” and why it could be developing. Finally, it examines the hypothesis tha......
The U.S. immigration debate: what’s all the shouting for?
Business Economics - Tập 53 - Trang 141-144 - 2018
Potential GDP growth has slowed by 1.3% a year. The main culprit is labor force decline. It follows logically that a more welcoming immigration policy would be responsive to our demographic challenges and thereby complementary to macroeconomic growth. Ironically, anger at immigration has grown in inverse proportion to actual immigration flows. There is little evidence that immigrants have negative......
Alan S. Blinder: A monetary and fiscal history of the United States, 1961–2021
Business Economics - Tập 58 - Trang 184-186 - 2023
Scott Patterson, The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
Business Economics - Tập 45 - Trang 225-227 - 2010
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