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This paper is the first to study vacancies, hires, and vacancy yields at the
establishment level in the Job Openings and Labor Turnover Survey, a large
sample of US employers. To interpret the data,...
Electricity Unit Value Prices and Purchase Quantities: U.S. Manufacturing Plants, 1963-2000
changing structure unit value prices
2015/9/18
We measure unit value electricity prices using 2 million annual
observations on U.S. manufacturing plants from 1963 to 2000. These
prices display tremendous cross-sectional dispersion, 85–95% of whi...
Cross country differences in job reallocation: The role of industry, firm size and regulations
firm size regulations
2015/9/18
Somewhat surprisingly, cross-country empirical evidence (at least in the cross section) does not seem to support
the predictions of standard models that economies with stricter regulations on hiring ...
The pace of business dynamism in the U.S. has declined over recent decades. The
decline is evident in a pronounced declining trend in the pace of both gross job creation
and gross job destruction an...
The Role of Entrepreneurship in US Job Creation and Economic Dynamism
the US economy Economic Dynamism
2015/9/18
The United States has long been viewed as having among the world’s most
entrepreneurial, dynamic, and flexible economies. It is often argued that
this dynamism and flexibility has enabled the US eco...
The high pace of reallocation across producers is pervasive in the U.S. economy. Evidence shows
this high pace of reallocation is closely linked to productivity. While these patterns hold on average,...
We thank Richard Rogerson, other conference participants, Claudia Goldin, Jason Faberman and Jim
Spletzer for helpful comments and the Kauffman Foundation, the University of Chicago Booth School
of ...
Top Ten Signs of Declining Business Dynamism and Entrepreneurship in the U.S.
Business Dynamism Entrepreneurship
2015/9/18
This paper was written for the Kauffman Foundation New Entrepreneurial Growth conference
in June 2015. Without implication, this paper draws heavily on joint work with Steven Davis,
Ryan Decker, Ron...
美国制造业创新政策及发展态势分析
美国 载人航天 火星 航天政策
2016/3/17
本文分析了美国载人航天探索的历史与现行政策，研究了美国国家研究理事会对美国载人航天 政策的评估报告，就实现登陆火星的远景目标的不同技术路径进行了可行性与成本分析，在美国预算受限、政策摇摆的背景下，为未来的载人航天政策提供了原则性建议。美国对于载人航天政策的反思 与展望，对我国航天事业的发展具有重要参考借鉴意义。
Comments on ‘A Method for Determining Whether Parameters in Aggregate Models are Structural’ by Michael Parkin
Determining Whether Parameters Aggregate Models
2015/8/4
Comments on ‘A Method for Determining Whether Parameters in Aggregate Models are Structural’ by Michael Parkin.
The Budgetary Arithmetics of Loan Guarantees and Deposit Insurance: A Comment
Loan Guarantees Deposit Insurance
2015/8/4
The main focus of Philippe Weil’s paper is on the new U.S. budgetary
treatment of direct loans and loan guarantees that began with the Credit
Reform Act (CRA) of 1990. W er ‘1’ s analysis raises fun...
Review of Changes in American Economic Policy in the 1980s: Watershed or Pendulum Swing?
American Economic Policy Pendulum Swing
2015/8/4
ECONOMIC POLICY in the 1980s may
eventually become the most studied and
hotly debated of any decade in United States
history, even including the 1930s. Popular
writings about the 1980s economy alr...
Comment on ‘America’s Peacetime Inflation: The 1970s’ by J. Bradford De Long
Inflation Peacetime
2015/8/4
Comment on ‘America’s Peacetime Inflation: The 1970s’ by J. Bradford De Long.
Remarks for the Panel Discussion on “Recent Changes in Trend and Cycle”
Recent Changes Trend
2015/8/3
This panel discussion focuses on two defining features of the new economy: (1) a
change in trend productivity growth, and (2) a change in cyclical volatility. No one
knows for sure how long either f...
The Bush administration’s emerging market strategy is an interrelated
part of our overall international economic agenda. The agenda
focuses on two goals: increasing economic growth and increasing
e...