The stabilization of economic activity in the mid 1980s has received considerable attention. Research has focused primarily on the role played by milder economic shocks, improved inventory management, and better monetary policy. This paper explores another potential explanation: financial...

Infrastructure capital, the structures and equipment that comprise "the basic systems that bridge distance and bring productive inputs together" (Cisneros 2010), is a vital input into the productive capacity of any economy. It is often claimed that the US fails to invest sufficiently in its own...

The integrated macroeconomic accounts (IMAs), produced jointly by the Bureau of Economic Analysis (BEA) and the Federal Reserve Board (FRB), present a sequence of accounts that relate income, saving, investment in real and financial assets, and asset revaluations to changes in net worth. In this...

In Australia, pay awards by government tribunals cover nearly the entire work force, and those awards set equal pay for comparable union and nonunion workers. Union members may, however, secure higher compensation through plant-level bargaining. This study uses 1984–88 panel data to...

This article attempts to determine whether wage records reported by employers to state unemployment insurance (UI) agencies provide a valid alternative to more costly retrospective sample surveys of individuals as the basis for measuring the impacts of employment and training programs for...

This paper attempts to determine whether wage records reported quarterly by employers to state Unemployment Insurance (UI) agencies provide a valid alternative to more costly retrospective sample surveys of individuals as the basis for measuring the labor market impacts of employment and...