{"title":"Financial Shocks or Productivity Slowdown: Contrasting the Great Recession and Recovery in the United States and United Kingdom","authors":"Kieran P. Larkin","doi":"10.20955/R.103.99-126","DOIUrl":"https://doi.org/10.20955/R.103.99-126","url":null,"abstract":"The Great Recession renewed academic interest in the role of financial factors in the determination of real macroeconomic quantities. The magnitude of the decline in output, fall in house prices, and failure in financial markets led economists to place greater emphasis on financial institutions, debt, and financial variables within macroeconomic thinking (Reinhart and Rogoff, 2009; Brunnermeier, 2009; and Guerrieri and Uhlig, 2016). The synchronized nature of the decline across developed economies has reasonably been interpreted as suggesting a common cause, principally a large negative financial shock. This article studies the behavior of the United States and United Kingdom economies during the Great Recession and subsequent slow recovery to study whether This article contrasts the experiences of the United States and United Kingdom during and after the Great Recession to understand the role of financial shocks in the magnitude of the crises and length of the recoveries. It starts from the common consensus that the Great Recession first and foremost was a financial crisis. It shows that relative to the United States, the Great Recession in the United Kingdom was more closely associated with a decline in productivity. Motivated by the similar behavior of financial variables at a business cycle frequency, it contrasts the behavior of the U.S. and U.K. economies through the lens of a simple real business cycle model augmented with financial shocks. A credit channel that operates on firm hiring decisions captures the magnitude of the output decline in both the United States and United Kingdom but exaggerates the response of the hours margin for the United Kindgom. The conclusion is that the financial channel supported in the U.S. data seems less appropriate for understanding the U.K. experience. (JEL E24, E32, E44, G01, G32)","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131081792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Kevin Jahnke, Noah Ritzmann, J. Fichtler, Anna Nitschke, Yannik Dreher, Tobias Abele, G. Hofhaus, I. Platzman, R. Schröder, Daniel Muller, J. Spatz, K. Göpfrich
{"title":"Actuation of synthetic cells with proton gradients generated by light-harvesting E. coli","authors":"Kevin Jahnke, Noah Ritzmann, J. Fichtler, Anna Nitschke, Yannik Dreher, Tobias Abele, G. Hofhaus, I. Platzman, R. Schröder, Daniel Muller, J. Spatz, K. Göpfrich","doi":"10.21203/rs.3.rs-82114/v1","DOIUrl":"https://doi.org/10.21203/rs.3.rs-82114/v1","url":null,"abstract":"\u0000 Bottom-up and top-down approaches to synthetic biology each employ distinct methodologies with the common aim to harness new types of living systems. Both approaches, however, face their own challenges towards biotechnological and biomedical applications. Here, we realize a strategic merger to convert light into proton gradients for the actuation of synthetic cellular systems. We genetically engineer E. coli to overexpress the light-driven inward-directed proton pump xenorhodopsin and encapsulate them as organelle mimics in artificial cell-sized compartments. Exposing the compartments to light-dark cycles, we can reversibly switch the pH by almost one pH unit and employ these pH gradients to trigger the attachment of DNA structures to the compartment periphery. For this purpose, a DNA triplex motif serves as a nanomechanical switch responding to the pH-trigger of the E. coli. By attaching a polymerized DNA origami plate to the DNA triplex motif, we obtain a cytoskeleton mimic that considerably deforms lipid vesicles in a pH-responsive manner. We foresee that the combination of bottom-up and top down approaches is an efficient way to engineer synthetic cells as potent microreactors.","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"116 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117269454","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"“I will take every opportunity to encourage others.” A chat with Heather Cuthbertson, editor of Gold Man Review.","authors":"Heather Cuthbertson, S. González","doi":"10.33972/trr.169","DOIUrl":"https://doi.org/10.33972/trr.169","url":null,"abstract":"","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133578913","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"“I’ve learned from every contributor, and for that I’m thankful.” A chat with Craig Ledoux, editor-in-chief of Madcap Review.","authors":"Craig Ledoux, Kailin Swift","doi":"10.33972/trr.170","DOIUrl":"https://doi.org/10.33972/trr.170","url":null,"abstract":"","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"222 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115533782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"West Coast litmag promotes creative community with geographic focus. Review of Gold Man Review, Issue 9, by Sydney Gonzalez","authors":"S. González","doi":"10.33972/trr.167","DOIUrl":"https://doi.org/10.33972/trr.167","url":null,"abstract":"","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116627060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Venerable nonfiction magazine proves it’s still in the game. Review of Creative Nonfiction, Issue 72, by Bria Peterson.","authors":"B. Peterson","doi":"10.33972/trr.166","DOIUrl":"https://doi.org/10.33972/trr.166","url":null,"abstract":"","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"47 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127474633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"American Little Magazines since 1950: Charting Many Histories","authors":"T. Caraway","doi":"10.33972/trr.185","DOIUrl":"https://doi.org/10.33972/trr.185","url":null,"abstract":"","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127477582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"During turbulent times, a reminder: The ground beneath us has always been shifting.","authors":"Jeffrey G. Dodd","doi":"10.33972/trr.186","DOIUrl":"https://doi.org/10.33972/trr.186","url":null,"abstract":"","PeriodicalId":199884,"journal":{"name":"Canadian Parliamentary Review","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129304286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}