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We consider two classes of explanations for the rise in policy-related economic uncertainty in the United States since 1960. The first stresses growth in government spending, taxes,and regulation. A s...
Measuring Economic Policy Uncertainty
economic uncertainty policy uncertainty business cycles
2015/7/15
We develop a new index of economic policy uncertainty (EPU) based on newspaper coverage. Our index spikes near tight presidential elections, after both Gulf wars, the 9/11 attacks, and during governme...
Trade Policy under Monopolistic Competition with Firm Selection
Trade Policy Monopolistic Competition Firm Selection
2015/7/15
We analyze trade policy in a symmetric, two-country version of the Melitz-Ottaviano (2008) model. Our characterizations are ináuenced by three driving forces corresponding to the selection e§ect, the ...
The Structure of American Income Tax Policy Preferences
American Income Tax Policy Preferences
2015/6/5
Modern income tax systems are multidimensional, applying different rates to different income levels. Yet few studies of public preferences over taxation or redistribution measure multidimensional poli...
What determines individual trade-policy preferences?
Trade Policy preferences Political economy
2015/6/5
This article provides new evidence on the determinants of individual trade-policy preferences using individual-level survey data for the United States. There are two main empirical results. First, we ...
武汉理工大学货币银行学英文课件Chapter12 Monetary Policy。
武汉理工大学货币银行学英文课件Chapter10 Money Growth,Money Demand,and Monetary Policy
武汉理工大学 货币银行学 英文 课件 Chapter10 Money Growth,Money Demand,and Monetary Policy
2015/6/4
武汉理工大学货币银行学英文课件Chapter10 Money Growth,Money Demand,and Monetary Policy。
Managing Financial Policy:Evidence from the Financing of Major Investments
Managing Financial Policy Evidence Financing Major Investments
2015/5/13
How do managers set financial policy? This paper uses a sample of unconstrained firms making major investments to examine intended financial policy decisions. The analysis reveals that the financial p...
Clusters, Cluster Policy,and Swedish Competitiveness
Policy Knowledge Use and Leverage Industry Clusters Business and Government Relations
2015/5/12
Proximity enables firms to take advantage of knowledge spill-overs and exploit supplierdemand linkages with other entities engaged in related activities. Cluster strength thus seems to be one of the i...
Clusters and Economic Policy:Aligning Public Policy with the New Economics of Competition
Economics
2015/5/12
The fundamental goal of economic policy is to enhance competitiveness, which is reflected in the productivity with which a nation or region utilizes its people, capital, and natural endowments to prod...
Trade Policy and Firm Boundaries
Trade Policy Ownership Business and Government Relations Vertical Integration
2015/5/12
We examine how trade policy affects firms' organizational choices. We embed a model of firms' vertical integration decisions into a standard perfectly-competitive international trade framework. In the...
Market Power in Mortgage Lending and the Transmission of Monetary Policy
Mortgages Banking Industry United States
2015/5/12
We present evidence that high concentration in mortgage lending reduces the sensitivity of mortgage rates and refinancing activity to mortgage-backed security (MBS) yields. We isolate the direct effec...
Competition and Antitrust: Canadian Competition Policy: Preparing for the Future
Society Strategy Canada
2015/5/8
Presentation delivered at the Richard Ivey School of Business, Toronto, Canada.
Asia Competitiveness Institute Lee Kuan Yew School of Public Policy
Economics Growth and Development Thailand
2015/5/8
2003This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations(The Free Press, 1990), "Building the Microeconomic Foundations of C...