This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...

This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...

The United States has extended the duration that unemployment insurance (UI) benefits can be received during every recession in the last half century. In the recession of the early 1990s and 2000s Congress extended UI benefits by 27 and 20 weeks respectively, at a cost of $37.1 and $23.4 billion...