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Journal Article
A policymakers' guide to economic forecasts
Newsletter
Services also slow down
Newsletter
The dollar can only do so much
Journal Article
Interest rate volatility in historical perspective
Journal Article
International credit market connections
Some test cases show how credit markets couple and decouple constantly, creating a complex web of international financial relationships.
Newsletter
The cost of uncertainty
Newsletter
Credit flows and the credit crunch
Journal Article
Factor utilization and margins for adjusting output: evidence from manufacturing plants
This paper describes patterns of factor utilization and output adjustment at the plant level for a wide range of manufacturing industries. We explain why manufacturing plants may differ quite a bit in how they accomplish output adjustments, depending on shutdown cost aspects of technology. Assembly-type operations with low shutdown costs would primarily vary the work period of the plant, whereas continuous processing plants with large shutdown costs would adjust instantaneous flow rates of production. For larger output increases, a lengthening of the work period by assemblers would entail ...
Newsletter
Bubble, bubble, toil and trouble