Monthly Archives: June 2014

People and Machines A Look at The Evolving Relationship Between Capital and Skill In Manufacturing 1850-1940 Using Immigration Shocks

From Jeanne Lafortune, José Tessada, Ethan Lewis: This paper empirically tests if the Second Industrial Revolution changed the way inputs were used in the manufacturing sector, as has been argued by historical research. To do this, we estimate the impact of … Continue reading

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Credit Supply in the Great Recession

1. Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data by Olivier Coibion, Marianna Kudlyak, Yuriy Gorodnichenko, John Mondragon One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand … Continue reading

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Linkages and Economic Development

From Dominick Bartelme and Yuriy Gorodnichenko: Specialization is a powerful source of productivity gains but how production net- works at the industry level are related to aggregate productivity in the data is an open question. We construct a database of input-output … Continue reading

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A College Major Matters Even More in a Recession – NYTimes.com

A College Major Matters Even More in a Recession – NYTimes.com.

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Oxford Business Tax Conference

Posting will be light for the next week because I will be in Oxford at the Business Tax Symposium, which has a lot of interesting papers that you can check out here.  

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Macro-stabilisation and tax rebates | vox

Macro-stabilisation and tax rebates | vox.

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Liquidity Trap and Excessive Leverage

From Anton Korinek and Alp Simsek: We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to … Continue reading

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