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Keywords:Production (Economic theory) 

Working Paper
Home production meets time-to-build

An innovation in this paper is to introduce a time-to-build technology for the production of market capital into a model with home production. The paper?s main finding is that the two anomalies that have plagued all household production models?the positive correlation between business and household investment, and household investment leading business investment over the business cycle?are resolved when time-to-build is added.
Working Papers (Old Series) , Paper 0007R

Journal Article
The binational importance of the maquiladora industry

Southwest Economy , Issue Nov , Pages 1-5

Working Paper
Reassessing aggregate returns to scale with standard theory and measurement

Constant returns to scale is a central construct of neoclassical theory. Previous studies argued that one must adopt a specification of the production function with substantial unobserved service variation to reconcile constant returns with the data. Some economists have argued that this finding has not resolved the size of returns to scale, since factor service variation is unobserved, and there is no generally accepted theory to guide specification of this alternative framework. In this paper we show that the stochastic version of the neoclassical growth model delivers an orthogonality ...
Working Papers , Paper 566

Working Paper
Productivity measurement and monetary policymaking during the 1990s

The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of the decade and a major topic of debate among Federal Reserve policymakers. A key aspect of the debate was the conflict between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which hinted at an acceleration. Some FOMC members feared an overheating economy and higher inflation; others, including the Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely ...
Working Papers , Paper 2005-067

Journal Article
Improving production management

National Economic Trends , Issue Apr

Journal Article
Wartime production and income

Federal Reserve Bulletin , Issue Sep

Report
On the distributional effects of exchange rate fluctuations

The paper studies the differential impact of exchange rate fluctuations on households in a country. I extend earlier research by relaxing the assumption of complete international sectoral specialization. My setup allows for the presence of several different sectors in a given country, each producing a different type of good. Combined with incomplete asset markets, the sectoral dimension leads to a heterogeneous impact of exchange rate fluctuation within each country. In particular, although a depreciation of a country's currency has an adverse 'beggar-thyself' effect for the country as a ...
Staff Reports , Paper 146

Journal Article
The evolving external orientation of manufacturing: a profile of four countries

Using more than two decades of industry data, the authors profile the external orientation of manufacturing industries in the United States, Canada, the United Kingdom, and Japan. They use the term "external orientation" to describe the potential exposure of an industry's revenues and costs to world events through exports, imports, and imported inputs. For each major manufacturing industry, the authors provide histories of the share of total revenues earned in foreign markets, the role of imports in domestic consumption, and the costs of imported inputs in total production. In addition, ...
Economic Policy Review , Volume 3 , Issue Jul , Pages 53-81

Working Paper
Non-convexities, labor hoarding, technology shocks, and procyclical productivity: a structural econometric approach

Research Working Paper , Paper 93-08

Journal Article
Population, the labor force, and potential output: implications for the St. Louis model

Review , Volume 53 , Issue Feb , Pages 15-23

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Barnett, William A. 4 items

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