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The COVID-19 Recession in Historical Perspective
Restrepo-Echavarria, Paulina; Neumeyer, Pablo Andrés; Belmudes, Lucas
(2020-11-12)
How severe is the COVID-19 recession across the globe? An analysis compares GDP growth forecasts for 2020 with historical growth rates for 155 countries.
On the Economy
Working Paper
Portage and path dependence
Lin, Jeffrey; Bleakley, Hoyt
(2011)
The authors examine portage sites in the U.S. South, Mid-Atlantic, and Midwest, including those on the fall line, a geomorphological feature in the southeastern U.S. marking the final rapids on rivers before the ocean. Historically, waterborne transport of goods required portage around the falls at these points, while some falls provided water power during early industrialization. These factors attracted commerce and manufacturing. Although these original advantages have long since been made obsolete, the authors document the continuing importance of these portage sites over time. They ...
Working Papers
, Paper 11-38
Discussion Paper
Structural changes in the real GNP interdependence of the U.S., West Germany, and Japan during the period 1970-1986
Aoki, Masanao
(1989)
The paper first locates quarters in the early 1970s at which the covariance matrices of the innovation vectors have shifted for the real GNPs of the USA, West Germany and Japan treated as univariate series. The paper then exhibits differences in the impulse response time profiles of the two models estimated from the data primarily before and after the break as a concise summary of the changes in dynamic interactions of the three real GNPs.
Discussion Paper / Institute for Empirical Macroeconomics
, Paper 20
Journal Article
Can low oil prices cripple the Texas banking system?
Rosenblum, Harvey
(1999-05)
Southwest Economy
, Issue May
, Pages 1-7
Journal Article
The engine of capitalist process: entrepreneurs in economic theory
Formaini, Robert L.
(2001-10)
Market economies rely on entrepreneurs as their driving force. In this article, Robert Formaini examines why entrepreneurs are important for us today. He traces the history of the concept of entrepreneurship in economic theory, showing how the concept's popularity has varied greatly since its first use. Formaini seeks to examine the concept's development as one of the key explanatory variables for profit, economic growth, and income differentials. Finally, he investigates the policy implications of adopting different views of entrepreneurs.
Economic and Financial Policy Review
, Issue Q IV
, Pages 2-11
Journal Article
Like father, like son: have we changed our penny-pinching ways?
Conaway, Carrie
(2003-04-02)
Our Yankee ancestors were known for their hard work, individualism, and aversion to excessive displays of wealth. Although much has changed since then, New England still shows remnants of its Puritan past.
Regional Review
, Issue Q 2
, Pages 24-30
Journal Article
Creative disruption
Clement, Douglas
(2008-09)
Economic theory has been unable to explain the bond between competition and innovation. Until now.
The Region
, Volume 22
, Issue Sep
, Pages 30-33, 58-61
Journal Article
Milton Friedman and U.S. monetary history: 1961-2006
Nelson, Edward
(2007-05)
This paper, using extensive archival material from several countries, brings together scattered information about Milton Friedman's views and predictions regarding U.S. monetary policy developments after 1960 (i.e., the period beyond that covered by his and Anna Schwartz's Monetary History of the United States). The author evaluates these interpretations and predictions in light of subsequent events.
Review
, Volume 89
, Issue May
, Pages 153-182
Working Paper
Milton Friedman and U.S. monetary history: 1961-2006
Nelson, Edward
(2007)
This paper brings together, using extensive archival material from several countries, scattered information about Milton Friedman?s views and predictions regarding U.S. monetary policy developments after 1960 (i.e., the period beyond that covered by his and Anna Schwartz?s Monetary History of the United States). I evaluate these interpretations and predictions in light of subsequent events.
Working Papers
, Paper 2007-002
Unleashing Hamilton’s Financial Revolution
Willardson, Niel D.
(2020-11-03)
The federal government’s assumption of Revolutionary War debt was part of what historians now describe as Hamilton’s financial revolution.
On the Economy
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