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Carr, Douglas, Investment, Growth and the Natural Rate of Interest – How the Marginal Product of Capital Explains (Almost) Everything (June 13, 2014). Available at SSRN: http://ssrn.com/abstract=2450200 “An Investment-Growth model is developed based upon generalized conditions that an economy’s participants: 1) act to maximize economic growth, and 2) are indifferent at the margin between consumption and …
Nadler, Daniel and Schmidt, Anatoly B., Market Impact of Macroeconomic Announcements: Do Surprises Matter? (June 11, 2014). Available for download at SSRN: http://ssrn.com/abstract=2449796 “Current research of market impact caused by macroeconomic announcements is based on regressing asset returns on macroeconomic surprises, S(t) ~ A(t) – E(t), where A(t) and E(t) are actual and expected (consensus) values …
Report Link via author Aart Kraay: “Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the cross-country …
IMF – June 10, 2014 – Tamim Bayoumi “A crisis is a terrible thing to waste, and nowhere is this truer than in the arena of international economic policy cooperation. With the world facing the largest and most synchronized plunge in output of the postwar era, policy makers banded together to find solutions. This paper looks …
Kay, Benjamin S. and Manuszak, Mark D. and Vojtech, Cindy M., Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment (April 2, 2014). Available for download at SSRN: http://ssrn.com/abstract=2449027 “The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 alters the competitive structure of the debit card …
How America Saves 2014: “This comprehensive report analyzes the saving, investing, and account activity trends in defined contribution (DC) plans at Vanguard. The report offers useful insights into current issues affecting DC plans, including employer contribution trends, automatic plan features, use of target-date funds, and use of advice services.”
“U.S. cancer survivors face significant economic burdens due to growing medical costs, missed work, and reduced productivity, according to a study by the Centers for Disease Control and Prevention in today’s Morbidity and Mortality Weekly Report. “Cancer survivors face physical, emotional, psychosocial, employment and financial challenges as a result of their cancer diagnosis and treatment,” said …
Binyamin Appelbaum: “Recessions are always painful, but the Great Recession that ran from late 2007 to the middle of 2009 may have inflicted a new kind of pain: an era of slower growth. It has been five years since the official end of that severe economic downturn. The nation’s total annual output has moved substantially above …
“Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD’s latest Economic Survey of the United States. According to the OECD Survey, the labour market is not yet back to normal. Unemployment has declined rapidly, but many discouraged …
“World military expenditure totalled $1.75 trillion in 2013, a fall of 1.9 per cent in real terms since 2012, according to figures released [April 14, 2014] by Stockholm International Peace Research Institute (SIPRI). The comprehensive annual update of the SIPRI Military Expenditure Database is accessible from today at www.sipri.org. The fall in the global total …
IRS 2015 BUDGET: Long-Term Strategy and Return on Investment Data Needed to Better Manage Budget Uncertainty and Set Priorities, GAO-14-605: Published: Jun 12, 2014. Publicly Released: Jun 12, 2014. NUCLEAR NONPROLIFERATION: Additional Actions Needed to Increase the Security of U.S. Industrial Radiological Sources, GAO-14-293: Published: Jun 6, 2014. Publicly Released: Jun 12, 2014. NUCLEAR NONPROLIFERATION: Additional Actions Needed to Increase the Security …
Lawrence Mishel and Alyssa Davis | June 12, 2014: “The 1980s, 1990s, and 2000s were prosperous times for top U.S. executives, especially relative to other wage earners and even relative to other very high wage earners (those earning more than 99.9 percent of all wage earners). Executives constitute a larger group of workers than is commonly recognized, and …
