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Series:Proceedings 

Conference Paper
Does the location of ideas matter for employment and earnings in the Internet age?

Freeman talked about the development of ideas and their impact on U.S. workers. It used to be the case that the place where new knowledge was created had an advantage in commercializing it. But Freeman argues that modern communications technologies allow new ideas rapid exposure on a world stage, where the ever-growing numbers of technically skilled workers in developing countries stand capable of turning them into profit-making opportunities. Freeman emphasizes the need for policies that foster knowledge creation in areas where the home-field advantage can be maintained. He says that the ...
Proceedings

Conference Paper
A historical perspective on the Federal Reserve's monetary aggregates: definition, construction and targeting

Proceedings , Issue Mar , Pages 1-31

Conference Paper
Measuring the efficiency of capital allocation in commercial banking

Proceedings , Paper 626

Conference Paper
GSEs: why is effective government supervision hard to achieve?

Proceedings , Paper 704

Conference Paper
Innovation, productivity, and economic policy

Proceedings

Conference Paper
Uncertainty and the disappearance of international credit

Proceedings , Issue Sep

Conference Paper
Welcoming remarks

Proceedings

Conference Paper
Crowding out redefined: the role of reserve accumulation

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 percentage points lower during 1998-2012 than its average level in the decade before the crisis; if China and India are excluded, the estimated decline exceeds 9 percent. We document how in the wake of crisis home bias in finance usually increases markedly as public and private sectors look inward when external financing becomes prohibitively costly, ...
Proceedings , Issue Nov , Pages 1-43

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