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Journal Article
The pattern of recovery
anonymous (1958-11)
Federal Reserve Bulletin , Issue Nov , Pages 1253-1259

Journal Article
Industrial production and capacity utilization: the 2009 annual revision
Hall, Anne E. (2009-08)
On March 27, 2009, the Federal Reserve published revisions to its index of industrial production (IP) and the related measures of capacity and capacity utilization. The overall contour of total IP is little changed by the revision. Industrial output rose steadily at an average annual rate of 2.3 percent from 2004 through 2007, then fell sharply in 2008 at a rate of negative 6.7 percent.
Federal Reserve Bulletin , Volume 95 , Issue Aug

Journal Article
Industrial production and capacity utilization: a revision
Raddock, Richard D. (1995-01)
Federal Reserve Bulletin , Issue Jan

Journal Article
Recent business and credit development
anonymous (1940-03)
Federal Reserve Bulletin , Issue Mar , Pages 185-191

Working Paper
Industrial specialization and the asymmetry of shocks across regions
Yosha, Oved; Kalemli-Ozcan, Sebnem; Sorensen, Bent E. (1999)
Economic integration, through greater capital market integration, will induce higher regional specialization in production, rendering regional shocks less symmetric. To support this claim empirically, we develop a utility based measure of shock asymmetry and calculate it for each U.S. state. We regress it (using both ordinary least squares and instrumental variables) on a state-by-state 1-digit industrial specialization index and a 2-digit manufacturing specialization index, controlling for relevant economic and demographic variables. The main empirical result is that both specialization ...
Research Working Paper , Paper 99-06

Report
Durable goods inventories and the Great Moderation
Kahn, James A. (2008)
This paper revisits the hypothesis that changes in inventory management were an important contributor to volatility reductions during the Great Moderation. It documents how changes in inventory behavior contributed to the stabilization of the U.S. economy within the durable goods sector, in particular, and develops a model of inventory behavior that is consistent with the key facts about volatility decline in that sector. The model is calibrated to evidence from survey data showing that lead times for materials orders in manufacturing shrank after the early 1980s. Simulations of the model ...
Staff Reports , Paper 325

Report
Industry restructuring measures and productivity: evidence from the 1980s
Blomberg, S. Brock; Steindel, Charles (1995)
This paper analyzes the empirical relationship between corporate restructuring and productivity. We estimate neoclassical production functions and factor demand functions to analyze the importance of restructuring in improving resource allocation and productivity. We find, at most, restructuring may have spurred the substitution of capital for labor in some industries, helping to set the stage for increased labor productivity. However, there is little evidence that restructurings, themselves, aided in the improvement of true technological progress.
Research Paper , Paper 9509

Journal Article
A revision to industrial production and capacity utilization, 1991-1995
Raddock, Richard D. (1996-01)
Federal Reserve Bulletin , Issue Jan , Pages 16-25

Journal Article
The rise in prices
anonymous (1956-11)
Federal Reserve Bulletin , Issue Nov , Pages 1157-1162

Report
Cross-country comparisons of industry total factor productivity: theory and evidence
Harrigan, James (1997)
International trade economists typically assume that TFP for each industry is the same in every country. This paper casts doubt on this hypothesis, finding large and persistent TFP differences across countries. The paper considers measurement issues in depth, and a methodology for international TFP comparisons is described. This methodology is applied to a dataset on prices, inputs, and outputs for a group of industrialized countries in the 1980s. The paper finds that the United States was the TFP leader in machinery and equipment during the 1980s, with Japan slightly behind. These ...
Research Paper , Paper 9734

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