New England Economic Review最新文献

U.S. Monetary Policy in an Integrating World: 1960 to 2000 一体化世界中的美国货币政策:1960 - 2000

New England Economic Review Pub Date : 2001-05-01 DOI: 10.2469/DIG.V32.N2.1071

R. Cooper, J. Little

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引用次数: 7

Risk-adjusted performance of mutual funds 共同基金经风险调整后的表现

New England Economic Review Pub Date : 1998-09-01 DOI: 10.2469/dig.v29.n2.493

K. Simons

引用次数: 49

Globalization and U.S. Inflation 全球化与美国通货膨胀

New England Economic Review Pub Date : 1998-07-01 DOI: 10.4324/9780429270949-43

Geoffrey M. B. Tootell

{"title":"Globalization and U.S. Inflation","authors":"Geoffrey M. B. Tootell","doi":"10.4324/9780429270949-43","DOIUrl":"https://doi.org/10.4324/9780429270949-43","url":null,"abstract":"Estimates of the Phillips curve suggest that the low level of unemployment over the last few years should have produced a fairly significant increase in the rate of inflation, yet inflation has continued to fall. Some take this occurrence as evidence that the NAIRU has declined. Others argue that social factors, such as recent movements of employee health coverage to health maintenance organizations have temporarily masked inflation. Perhaps the most widely cited explanation for the surprisingly good inflation performance of late concerns the increasing sensitivity of the U.S. economy to foreign economic conditions; specifically, many have argued that since capacity utilization abroad has been slack in recent years, U.S. inflation has remained mild. This study uses a variety of approaches to examine whether U.S. inflation depends on foreign, rather than domestic capacity constraints. The author shows that foreign capacity plays little, if any, role in the determination of U.S. inflation independent of any role it might play in the determination of U.S. capacity utilization. He cautions that anyone who believes in a world where we no longer need worry about domestic capacity constraints will eventually be rudely awakened by data that suggests otherwise. His results indicate that the Phillips curve, relating some measure of U.S. capacity to U.S. inflation, is alive, if ailing a bit, even as the world gets more integrated.","PeriodicalId":239055,"journal":{"name":"New England Economic Review","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1998-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131754050","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}

引用次数: 59

Is Inflation Dead? 通胀已死吗?

New England Economic Review Pub Date : 1900-01-01 DOI: 10.4324/9780429270949-49

R. Brinner

引用次数: 8

Failure in Risk Management 风险管理失败

New England Economic Review Pub Date : 1900-01-01 DOI: 10.1002/9781119198536

R. Kimball

引用次数: 89

Forecasting cyclical turning points: the record in the past three recessions 预测周期转折点:过去三次衰退的记录

New England Economic Review Pub Date : 1900-01-01 DOI: 10.1017/CBO9781139173735.010

Stephen K. McNees

引用次数: 40