The American Economic Review

最新文章

• Schooling, labor-force quality, and the growth of nations AI翻译
  作者：Hanushek, EA; Kimko, DD
  作者单位：Stanford University; National Bureau of Economic Research
  摘要：Direct measures of labor-force quality from international mathematics and science test scores are strongly related to growth. Indirect specification tests are generally consistent with a causal link: direct spending on schools is unrelated to student performance differences; the estimated growth effects of improved labor-force quality hold when East Asian countries are excluded; and, finally, home-country quality differences of immigrants are directly related to U.S. earnings if the immigrants...
• Floating, fixed, or super-fixed? Dollarization joins the menu of exchange-rate options AI翻译
  作者：LeBaron, B; McCulloch, R
  作者单位：Brandeis University; Brandeis University
• Habit formation in consumption and its implications for monetary-policy models AI翻译
  作者：Fuhrer, JC
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Boston
  摘要：This paper explores a monetary-policy model with habit formation for consumers, in which consumers' utility depends in part on current consumption relative to past consumption. The empirical tests developed in the paper show that one can reject the hypothesis of no habit formation with tremendous confidence, largely because the habit-formation model captures the gradual hump-shaped response of real spending to various shocks. The paper then embeds the habit-consumption specification in a monet...
• Andrei Shleifer - John Bates Clark medalist - 1999 AI翻译
  作者：[Anonymous]
• Endogenous business cycles and the dynamics of output, hours, and consumption AI翻译
  作者：Schmitt-Grohé, S
  作者单位：Rutgers University System; Rutgers University New Brunswick; Center for Economic & Policy Research (CEPR)
  摘要：This paper studies the business-cycle fluctuations predicted by a two-sector endogenous-business-cycle model with sector-specific external increasing returns to scale. It focuses on aspects of actual fluctuations that have been identified both as defining features of business cycles and as ones standard real-business-cycle models cannot explain. For empirically realistic calibrations of the degree of returns to scale, the results suggest that endogenous fluctuations do not provide the dynamic ...
• A representative consumer theory of distribution AI翻译
  作者：Caselli, F; Ventura, J
  作者单位：Harvard University; Massachusetts Institute of Technology (MIT); Center for Economic & Policy Research (CEPR); National Bureau of Economic Research
  摘要：This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets, and incomes. These tools are applied to the Ramsey-Cass-Koopmans model of optimal savings and the Arrow-Romer model of productive spillovers. The RC property per se places very few restrictions on the nature of observed distributions, and a wide range of distributive dynamics and income mo...
• Capital mobility in neoclassical models of growth: Comment AI翻译
  作者：Duczynski, P
  作者单位：Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Charles University Prague; Czech Academy of Sciences
• Editors' introduction AI翻译
  作者：Baldwin, JD; Oaxaca, RL
• A comparison of industrial productivity growth in Canada and the United States AI翻译
  作者：Gu, WL; Ho, MS
  作者单位：Harvard University
• Persistent discrimination: Racial disparity in the United States, 1967-1988 AI翻译
  作者：Mason, PL
  作者单位：State University System of Florida; Florida State University