Search Results - "Brookings papers on economic activity"

Mortality and Morbidity in the 21st Century by CASE, ANNE, DEATON, ANGUS

“…Building on our earlier research (Case and Deaton 2015), we find that mortality and morbidity among white non-Hispanic Americans in midlife since the turn of…”
Get full text

Is Automation Labor Share–Displacing? Productivity Growth, Employment, and the Labor Share by AUTOR, DAVID, SALOMONS, ANNA

“…Many technological innovations replace workers with machines. But this capital–labor substitution need not reduce aggregate labor demand, because it…”
Get full text

The European Trust Crisis and the Rise of Populism by ALGAN, YANN, GURIEV, SERGEI, PAPAIOANNOU, ELIAS, PASSARI, EVGENIA

“…We study the implications of the Great Recession for voting for antiestablishment parties, as well as for general trust and political attitudes, using regional…”
Get full text

The US Labor Market during the Beginning of the Pandemic Recession by CAJNER, TOMAZ, CRANE, LELAND D., DECKER, RYAN A., GRIGSBY, JOHN, HAMINS-PUERTOLAS, ADRIAN, HURST, ERIK, KURZ, CHRISTOPHER, YILDIRMAZ, AHU

“…Using weekly administrative payroll data from the largest US payroll processing company, we measure the evolution of the US labor market during the first four…”
Get full text

COVID-19 Is Also a Reallocation Shock by BARRERO, JOSE MARIA, BLOOM, NICHOLAS, DAVIS, STEVEN J.

“…We develop several pieces of evidence about the reallocative effects of the COVID-19 shock on impact and over time. First, the shock caused three to four new…”
Get full text

Where Have All the Workers Gone? An Inquiry into the Decline of the U.S. Labor Force Participation Rate by KRUEGER, ALAN B.

“…The U.S. labor force participation rate has declined since 2007, primarily because of population aging and ongoing trends that preceded the Great Recession…”
Get full text

The Decline of the U.S. Labor Share by ELSBY, MICHAEL W. L., HOBIJN, BART, ŞAHİN, AYŞEGÜL

“…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…”
Get full text

Measuring the Labor Market at the Onset of the COVID-19 Crisis by BARTIK, ALEXANDER W., BERTRAND, MARIANNE, LIN, FENG, ROTHSTEIN, JESSE, UNRATH, MATTHEW

“…We use traditional and nontraditional data to measure the collapse and partial recovery of the US labor market from March to early July, contrast this downturn…”
Get full text

Deciphering the Fall and Rise in the Net Capital Share: Accumulation or Scarcity? by ROGNLIE, MATTHEW

“…In the postwar era, developed economies have experienced two substantial trends in the net capital share of aggregate income: a rise during the last several…”
Get full text

Investmentless Growth: An Empirical Investigation by GUTIÉRREZ, GERMÁN, PHILIPPON, THOMAS

“…We analyze private fixed investment in the United States during the past 30 years. We show that investment is weak relative to measures of profitability and…”
Get full text

Monetary Policy in a Low Interest Rate World by KILEY, MICHAEL T., ROBERTS, JOHN M.

“…Nominal interest rates may remain substantially below the averages of the last half century, because central banks’ inflation objectives lie below the average…”
Get full text

Initial Impacts of the Pandemic on Consumer Behavior: Evidence from Linked Income, Spending, and Savings Data by COX, NATALIE, GANONG, PETER, NOEL, PASCAL, VAVRA, JOSEPH, WONG, ARLENE, FARRELL, DIANA, GREIG, FIONA, DEADMAN, ERICA

“…We use US household-level bank account data to investigate the heterogeneous effects of the pandemic on spending and savings. Households across the income…”
Get full text

The Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy by STANSBURY, ANNA, SUMMERS, LAWRENCE H.

“…Rising profitability and market valuations of US businesses, sluggish wage growth and a declining labor share of income, and reduced unemployment and inflation…”
Get full text

The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy [with Comments and Discussion] by KRISHNAMURTHY, ARVIND, VISSING-JORGENSEN, ANNETTE, GILCHRIST, SIMON, PHILIPPON, THOMAS

“…We evaluate the effect of the Federal Reserve's purchase of long-term Treasuries and other long-term bonds (QE1 in 2008-09 and QE2 in 2010-11) on interest…”
Get full text

Disentangling the Channels of the 2007–09 Recession [with Comments and Discussion] by STOCK, JAMES H., WATSON, MARK W., BLINDER, ALAN S., SIMS, CHRISTOPHER A.

“…This paper examines the macroeconomic dynamics of the 2007–09 recession in the United States and the subsequent slow recovery. Using a dynamic factor model…”
Get full text

Macroeconomic Effects of Federal Reserve Forward Guidance [with Comments and Discussion] by CAMPBELL, JEFFREY R., EVANS, CHARLES L., FISHER, JONAS D. M., JUSTINIANO, ALEJANDRO, CALOMIRIS, CHARLES W., WOODFORD, MICHAEL

“…A large output gap accompanied by stable inflation close to its target calls for further monetary accommodation, but the zero lower bound on interest rates has…”
Get full text

Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China by HSIEH, CHANG-TAI, SONG, ZHENG MICHAEL

“…In the late 1990s, China's industrial sector was dominated by state-owned firms. We document how this changed after 1998. More than 80 percent of the…”
Get full text

Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand by KUMAR, SATEN, COIBION, OLIVIER, AFROUZI, HASSAN, GORODNICHENKO, YURIY

“…Using a new survey of firm managers, we investigate whether inflation expectations in New Zealand are anchored or not. In spite of 25 years of inflation…”
Get full text

The Social Safety Net in the Wake of COVID-19 by BITLER, MARIANNE P., HOYNES, HILARY W., SCHANZENBACH, DIANE WHITMORE

“…The COVID-19 crisis has led to spiking unemployment rates with disproportionate impacts on low-income families. School and child-care center closures have also…”
Get full text

Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries by DEMİRGÜÇ-KUNT, ASLI, KLAPPER, LEORA

“…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…”
Get full text