作者:Taylor, John B.; Wieland, Volker
作者单位:Stanford University; Goethe University Frankfurt
摘要:In this paper, we investigate the comparative properties of empirically estimated monetary models of the U.S. economy using a new database of models designed for such investigations. We focus on three representative models due to Christiano, Eichenbaum, and Evans (2005), Smets and Wouters (2007), and Taylor (1993a). Although these models differ in terms of structure, estimation method, sample period, and data vintage, we find surprisingly similar economic impacts of unanticipated changes in th...
作者:Fryer, Roland G., Jr.; Kahn, Lisa; Levitt, Steven D.; Spenkuch, Jorg L.
作者单位:Harvard University; National Bureau of Economic Research; University of Chicago
摘要:Since 1970, the fraction of mixed-race black-white births has increased nearly ninefold. This paper describes basic facts about the behaviors and outcomes of black-white mixed-race individuals. Unsurprisingly, on a host of background and achievement characteristics, as well as adult outcomes, mixed-race individuals fall in between whites and blacks. When it comes to engaging in risky and antisocial adolescent behavior, however, mixed-race adolescents are stark outliers compared to both blacks ...