Search Results
Briefing
Economic Effects Everywhere All at Once
The recent tariffs have brought global trade linkages to the forefront of academic and policy discussions. The global swings in the stock market and sentiment measures have emphasized how U.S. economic policy and conditions have important implications internationally.This global interconnectedness has been present for decades and spurred much academic research even prior to recent developments. Indeed, output and inflation have moved in parallel across countries for many years now. While economists continue to analyze and quantify the sources of this comovement, cross-country linkages are ...
Working Paper
Women and the Phillips curve: do women’s and men’s labor market outcomes differentially affect real wage growth and inflation?
During the economic expansion of the 1990s, the United States enjoyed both low inflation rates and low levels of unemployment. Juhn, Murphy, and Topel (2002) point out that the low unemployment rates for men in the 1990s were accompanied by historically high rates of non-employment suggesting that the 1990s economy was not as strong as the unemployment rate might indicate. We include women in the analysis and examine whether the Phillips curve relationships between real compensation growth, changes in inflation, and labor market slackness are the same for men and women and whether measures of ...
Journal Article
You can't take it with you: asset run-down at the end of the life cycle
This article presents evidence on the extent to which households run down their assets after retirement. The authors show that, once corrections are made for several econometric problems, households engage in very little asset decumulation after retirement.