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Title
Author(s)
Year
Alan Blinder
2013
Alan Blinder January, 2013 The Penguin Press; ISBN:9721594205309 Finance Macroeconomics Monetary and Macroeconomic Policy http://www.us.penguingroup.com/nf/Book/BookDisplay/0,,9781594205309,00.html?strS... ...
Rafaela Dancygier
2013
Rafaela Dancygier January, 2013 With Michael Donnelly; Journal of Politics, Vol. 75, Issue 1 Immigration Employment Macroeconomics Domestic and Social Policy dancygier_sectoral_economies_economic_context_and_attitudes_toward_immigration.pdf http://dx.doi ...
2012
This chapter surveys the literature on bubbles, financial crises, and systemic risk. The first part of the chapter provides a brief historical account of bubbles and financial crisis. The second part of the chapter gives a structured overview of the ...
Harold James
2012
A new sensitivity to the significance of historical experience has developed since the 2007 financial crisis. There are three possible ways of drawing on the past: as a source of advice on policies, of patterns of past evolution, of multiple possibilities ...
Mark Watson
2012
We study two decompositions of inflation, π, motivated by the standard New Keynesian pricing equation of Gali, Gertler, and Sbordone. The first uses four components: lagged π, expected future π, real unit labor cost (ψ), and a residual. The second uses ...
Aaron Friedberg
2012
Coinciding as they do with America's fiscal crisis and post-war fatigue, Europe's troubles could lead to a dangerous diminution of overall Western engagement in various hot spots at a critical moment. Aaron Friedberg November, 2012 Survival: ...
Oleg Itskhoki
2012
Large exporters are simultaneously large importers. In this paper, we show that this pattern is key to understanding low aggregate exchange rate pass-through as well as the variation in pass-through across exporters. First, we develop a theoretical ...
Harold James
2012
Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not ...
Harold James
2012
This paper examines why so much debate about the structure of the international economy revolves around a conference held at Bretton Woods in July 1944 which was not immediately conspicuously successful. There was a unique confluence of contemporary ...
David Lee
2012
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market and obtains two key results. First, we show that a binding minimum wage – while leading to unemployment – is nevertheless desirable if the ...
Atul Kohli
2012
When compared to Latin America, Asian economies since 1980 have grown faster and have done so with relatively modest inequalities. Why? A comparison of Asia and Latin America underlines the superiority of the nationalist capitalist model of development, ...
Mark Watson
2012
This paper provides a simple shrinkage representation that describes the operational characteristics of various forecasting methods designed for a large number of orthogonal predictors (such as principal components). These methods include pretest methods, ...
Alan Blinder
2012
To me, close cooperation between the central bank and the Treasury in a crisis is both inevitable and desirable. And in this particular crisis, it was both essential and salutary. The trick is how and when the Treasury and the central bank disengage after ...
2012
Liquidity and deflationary spirals self-generate endogenous risk and redistribute wealth. Monetary policy can mitigate these effects and help rebalance wealth after an adverse shock, thereby reducing endogenous risk, stabilizing the economy, and ...
Oleg Itskhoki
2012
We document the behavior of trade prices during the Great Trade Collapse of 2008-09 using transaction-level data from the U.S. Bureau of Labor Statistics. First, we find that differentiated manufactures exhibited marked stability in their trade prices ...
Paul Krugman
2012
In this article we present a simple new Keynesian–style model of debt-driven slumps—that is, situations in which an overhang of debt on the part of some agents, who are forced into rapid deleveraging, is depressing aggregate demand. Making some agents ...
2012
The aim of this paper is to conceptualize and design a risk topography that outlines a data acquisition and dissemination process that informs policymakers, researchers and market participants about systemic risk. Our approach emphasizes that systemic ...
Stephen Redding
2012
We examine urbanization using new data that allow us to track the evolution of population in rural and urban areas in the United States from 1880 to 2000. We find a positive correlation between initial population density and subsequent population growth ...
Paul Krugman
2012
How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who ...
Grigore Pop-Eleches
2012
This article lays out a methodology for studying the nature of communist legacies and their impact on current political behavior and attitudes. It identifies four possible linkages between the communist past and the present: early socialization, socio ...

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