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the economy. In 1919, the Fed began tabulating data by about retail sales, which it viewed as a fundamental measure of … consumption. From 1920 until 1929, the Federal Reserve published data about retail sales each month by Federal Reserve district …, but ceased to do so after 1929. It continued to compile monthly data on retail sales by reserve district, but this data …
Persistent link: https://www.econbiz.de/10008764677
analysis is severely hampered by the lack of consistent data that capture the international dimensions of finance. While … currently available data can be used more effectively, supervisors and other agencies need more and better data to construct … closing data gaps include the G20 Data Gaps Initiative, which recommends the collection of consistent bank-level data for …
Persistent link: https://www.econbiz.de/10010969212
This paper describes six stylized patterns among housing markets in the United States that potential explanations of the housing boom and bust should seek to explain. First, individual housing markets in the U.S. experienced considerable heterogeneity in the amplitudes of their cycles. Second,...
Persistent link: https://www.econbiz.de/10011271411
This paper examines how the level and dispersion of self-reported happiness has evolved over the period 1972-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s. There have been large changes in the level of happiness...
Persistent link: https://www.econbiz.de/10005084669
We propose a theory of firm dynamics in which workers have ideas for new projects that can be sold in a market to existing firms or implemented in new firms: spin-offs. Workers have private information about the quality of their ideas. Because of an adverse selection problem, workers can sell...
Persistent link: https://www.econbiz.de/10005829191
We follow the careers 1981-2004 of 5401 star scientists listed in ISI HighlyCitedSM as most highly cited by their peers. Their number in a US region or a top-25 science and technology (S&T) country significantly increases the probability of firm entry in the S&T field in which they are working....
Persistent link: https://www.econbiz.de/10005829811
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill … further support for the role of skill in both entrepreneurship and venture capital. …
Persistent link: https://www.econbiz.de/10005830361
We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …
Persistent link: https://www.econbiz.de/10011240575
One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …
Persistent link: https://www.econbiz.de/10011213645
access to start-up capital constitutes a sizable barrier to entry into entrepreneurship for the kind of young motivated …
Persistent link: https://www.econbiz.de/10011252667