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Keywords:Economic growth 

Journal Article
Venture capital in the Philadelphia metro area

Many consider venture capital to be a barometer of innovation and economic growth. It is an important source of capital for startups that banks deem too risky to finance. Therefore, it would be useful to examine how the venture capital industry has fared during the recent recession. This report focuses on the Philadelphia metro area and how it compares with the nation. In particular, it highlights the fact that the area increased its share of the nation?s biotechnology deals during the recession.
Research Rap Special Report , Issue Oct

Keys to growth for the nation and the region

Speech , Paper 42

Conference Paper
Foreword: Achieving maximum long-run growth

Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
Accounting for unemployment: the long and short of it

Shimer (2012) accounts for the volatility of unemployment based on a model of homogeneous unemployment. Using data on short-term unemployment he finds that most of unemployment volatility is accounted for by variations in the exit rate from unemployment. The assumption of homogeneous exit rates is inconsistent with the observed negative duration dependence of unemployment exit rates for the U.S. labor market. We construct a simple model of heterogeneous unemployment with short-term and long-term unemployed, and use data on the duration distribution of unemployment to account for entry to and ...
Working Paper , Paper 12-07

Conference Paper
Luncheon address: resource-based growth in poor countries and the role of central banks

Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
The Growth Effects of El Niño and La Niña: Local Weather Conditions Matter

This paper contributes to the climate-economy literature by analyzing the role of weather patterns in influencing the transmission of global climate cycles to economic growth. More specifically, we focus on El Niño Southern Oscillation (ENSO) events and their interactions with local weather conditions, taking into account the heterogeneous and cumulative effects of weather patterns on economic growth and the asymmetry and nonlinearity in the global influence of ENSO on economic activity. Using data on 75 countries over the period 1975-2014, we provide evidence for the negative growth effects ...
Globalization Institute Working Papers , Paper 374

Journal Article
Financial markets: an engine for economic growth

Do developed financial markets lead to economic growth or result from it? While some economists argue for the latter, the author maintains that financial markets?despite their shortcomings of late?are an essential ingredient for an economy to grow in the long run.
The Regional Economist , Issue July

Journal Article
Federal Reserve: Why talk isn’t cheap: Can the Fed create economic growth…just by talking?

Related Link:
Econ Focus , Volume 17 , Issue 1Q , Pages 6-9, 19

Buy a ticket! (with reference to the Strauss Brothers, Ambassador Mike Moore, Kenneth Arrow, financial sharpies, Martin Luther King Jr. and Gov. Dewey)

Remarks before the Dallas Friday Group, Dallas, Texas, October 21, 2011 ; "Absent some shock, I envision a slow but steady improvement in the economy into 2012. That is, if our fiscal authorities will remove their stranglehold on clarifying fiscal initiatives. If not, then, in my view, I expect job creators will remain in a defensive crouch and all bets are off."
Speeches and Essays , Paper 98

Journal Article
Identifying State-Level Recessions

Economic Review , Issue Q I , Pages 85-108


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