International Experiences with Different Monetary Policy Regimes
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Financial Distress in the Great Depression
We use firm-level data to study corporate performance during the Great Depression era for all industrial firms on the NYSE. Our goal is to identify the factors that contribute to business insolvency a
NBER2011-09-01 更新90
Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?
This paper provides a comprehensive analysis of portfolios of active mutual funds and ETFs through the lens of risk (anomaly) factors. We show that these funds do not systematically tilt their portfol
NBER2018-12-01 更新80
The Geography of Retirement
As Americans work longer in response to a changing retirement landscape, it is important to ask whether there are groups being left out of this trend. Geography is a natural lens through which to exam
NBER2021-11-01 更新60
Hysteresis in Unemployment: Old and New Evidence
This paper argues that hysteresis helps explain the long-run behavior of unemployment. The natural rate of unemployment is influenced by the path of actual unemployment, and hence by shifts in aggrega
NBER2009-03-01 更新80
Deadweight Costs and the Size of Government
We provide a model for analyzing effects of the tax system and spending programs on the determination of government spending and taxpayer welfare and show that tax system or spending program which is
NBER1998-11-01 更新60
