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The cyclical behavior of prices: interpreting the evidence

Judd, John P.; Trehan, Bharat - Federal Reserve Bank of San Francisco - 1993

Whether prices are pro- or counter-cyclical represents a major difference in the predictions of models that focus on aggregate demand shocks as the primary source of business cycle fluctuations, versus those that emphasize shocks to aggregate supply. Earlier studies have interpreted their...

Persistent link: https://www.econbiz.de/10005078264

Why has output become less volatile?

Trehan, Bharat - In: FRBSF Economic Letter (2005)

Over the past twenty years, output growth in the U.S. has become noticeably less volatile. During that time, the economy has experienced two recessions, compared with four in each of the two preceding twenty year periods. Further, the loss in output during the last two recessions has been...

Persistent link: https://www.econbiz.de/10005706959

Recent research on sticky prices

Trehan, Bharat - In: FRBSF Economic Letter (2001)

This Economic Letter summarizes the papers presented at the conference "Nominal Rigidities" held in San Francisco on June 16 under the joint sponsorship of the Federal Reserve Bank of San Francisco, the National Bureau of Economic Research, and the Federal Reserve Bank of Cleveland.

Persistent link: https://www.econbiz.de/10005707145

Real business cycles: a selective survey

Huh, Chan; Trehan, Bharat - In: Economic Review (1991) Spr, pp. 3-17

Persistent link: https://www.econbiz.de/10005707574

Modelling the time series behavior of the aggregate wage rate

Huh, Chan Guk; Trehan, Bharat - Federal Reserve Bank of San Francisco - 1992

Persistent link: https://www.econbiz.de/10005078242

Unemployment and productivity

Trehan, Bharat - In: FRBSF Economic Letter (2001)

Persistent link: https://www.econbiz.de/10005346429

Will fast productivity growth persist?

Fernald, John; Thipphavong, David; Trehan, Bharat - In: FRBSF Economic Letter (2007)

Strong productivity growth is essential for improving living standards and can have an important impact on economic … policy, yet economists are far from being experts at predicting when the trend of productivity growth might shift. In the … 1960s, productivity growth boomed, growing at an average annual rate of 2-1/2%. It weakened in the early 1970s, and for the …

Persistent link: https://www.econbiz.de/10005346477

Why has employment grown so slowly?

Trehan, Bharat - In: FRBSF Economic Letter (1993)

Persistent link: https://www.econbiz.de/10005346541

Productivity shocks and the unemployment rate

Trehan, Bharat - In: Economic Review (2003), pp. 13-27

Productivity grew noticeably faster than usual in the late 1990s, while the unemployment rate fell to levels not seen …

Persistent link: https://www.econbiz.de/10005352406

Information technology and productivity

Cornwell, Casey; Trehan, Bharat - In: FRBSF Economic Letter (2000)

Persistent link: https://www.econbiz.de/10005707015