Showing 1 - 9 of 9
The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in recent years, a dramatic contrast to the rapid declines reported from the mid-1980s to the early 2000s. This slowdown in the rate of decline is puzzling in light of evidence that...
Persistent link: https://www.econbiz.de/10011708124
Persistent link: https://www.econbiz.de/10011708495
Persistent link: https://www.econbiz.de/10011708499
The collapse of international trade surrounding the Great Recession has garnered significant attention. This paper studies firm entry and exit in foreign markets and their role in the post-recession recovery of U.S. exports using confidential microdata from the U.S. Census Bureau. We find that...
Persistent link: https://www.econbiz.de/10011803263
Persistent link: https://www.econbiz.de/10014384491
Persistent link: https://www.econbiz.de/10012609347
Persistent link: https://www.econbiz.de/10014282950
I propose a new mechanism for sluggish wages based on workers' noisy information about the state of the economy. Wages … higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment …
Persistent link: https://www.econbiz.de/10011709249
Persistent link: https://www.econbiz.de/10012609490