Unpacking the Causes of Pandemic-Era Inflation in the US
The annual inflation rate, as measured by the Consumer Price Index, was 1.7 percent in February 2021 but rose to more than 5 percent in June 2021. It continued rising for another year, peaking at about 9 percent in June 2022. The rise in the inflation rate has been attributed to many factors. The US response to the COVID-19 pandemic included a ...
experienced an average decrease of 11.5 hours of work per week and a 21% decrease in weekly earnings, arnings for 52% of the sample, which again re ects s. variation in the e ects of COVID-19 across students. In terms of labor market expectations, on average, students foresee a 13 percentage points decrease in.
Daron Acemoglu, Simon Johnson, and James Robinson Awarded …
October 14, 2024. Research associates Daron Acemoglu, Simon Johnson, and James Robinson have been awarded the 2024 Nobel Memorial Prize in Economic Sciences "for studies of how institutions are formed and affect prosperity." The Royal Swedish Academy of Sciences explained that the three scholars "contributed innovative research about what ...
The Economic Importance of Financial Literacy: Theory and Evidence
Annamaria Lusardi & Olivia S. Mitchell, 2014. "The Economic Importance of Financial Literacy: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 52 (1), pages 5-44, March. citation courtesy of. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic ...
Measuring Economic Activity: Challenges and Opportunities
Measuring Economic Activity: Challenges and Opportunities. DATE: December 1, 2024 to November 30, 2025. Economic statistics are essential to the smooth functioning of financial markets, to. international trade, and for policymaking. Yet the resources devoted to improving economic measurement through research are very limited.
Does Working from Home Work? Evidence from a Chinese …
DOI 10.3386/w18871. Issue Date March 2013. About 10% of US employees now regularly work from home (WFH), but there are concerns this can lead to "shirking from home." We report the results of a WFH experiment at CTrip, a 16,000- employee, NASDAQ-listed Chinese travel agency. Call center employees who volunteered to WFH were randomly assigned to ...
Give Credit Where Credit Is Due: Tracing Value Added in Global ...
Revision Date December 2011. This paper provides both a conceptual framework for decomposing a country's gross exports into value-added components by source and a new bilateral database on value-added trade. Our parsimonious framework integrates all previous measures of vertical specialization and value-added trade in the literature.
Growing the Efficient Frontier on Panel Trees | NBER
When applied to U.S. equities, boosted (multi-factor) P-Trees significantly advance the efficient frontier relative to those constructed with established factors and common test assets. P-Tree test assets are diversified and exhibit significant unexplained alphas against benchmark models. The unified P-Tree factors outperform most known ...
Summer Institute 2025 | NBER
Nov 6, 2024 · Summer Institute 2025. DATE July 7-25, 2025 (US Eastern Time) LOCATION The Royal Sonesta Hotel, 40 Edwin Land Boulevard Cambridge, MA. NBER conferences are by invitation. All participants are expected to comply with the NBER's Conference Code of Conduct.
Environmental Impacts of a North American Free Trade Agreement
Working Paper 3914. DOI 10.3386/w3914. Issue Date November 1991. A reduction in trade barriers generally will affect the environment by expanding the scale of economic activity, by altering the composition of economic activity, and by bringing about a change in the techniques of production. We present empirical evidence to assess the relative ...
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