{"title":"A New Keynesian Model with Robots: Implications for Business Cycles and Monetary Policy","authors":"Tsu-ting Tim Lin, Charles L. Weise","doi":"10.2139/ssrn.3064229","DOIUrl":"https://doi.org/10.2139/ssrn.3064229","url":null,"abstract":"This paper examines the effects of labor-replacing capital, referred to as robots, on business cycle dynamics using a New Keynesian model with a role for both traditional and robot capital. This study finds that shocks to the price of robots have effects on wages, output, and employment that are distinct from shocks to the price of traditional capital. Further, the inclusion of robots alters the response of employment and labor’s share to total factor productivity and monetary policy shocks. The presence of robots also weakens the correlation between human labor and output and the correlation between human labor and labor’s share. The paper finds that monetary policymakers would need to place a greater emphasis on output stabilization if their objective is to minimize a weighted average of output and inflation volatility. Moreover, if policymakers have an employment stabilization objective apart from their output stabilization objective, they would have to further focus on output stabilization due to the deterioration of the output-employment correlation.","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"47 1","pages":"81-101"},"PeriodicalIF":0.6,"publicationDate":"2018-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43507690","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":"Earnings Performance of African Immigrants: Evidence from the American Community Survey","authors":"Ene Ikpebe, Michael C. Seeborg","doi":"10.1007/s11293-018-9583-9","DOIUrl":"https://doi.org/10.1007/s11293-018-9583-9","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"46 1","pages":"215 - 230"},"PeriodicalIF":0.6,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11293-018-9583-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52532978","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":"Jobless Recovery: A Time Series Look at the United States","authors":"James P. DeNicco, Christopher A. Laincz","doi":"10.1007/s11293-018-9569-7","DOIUrl":"https://doi.org/10.1007/s11293-018-9569-7","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"46 1","pages":"3 - 25"},"PeriodicalIF":0.6,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11293-018-9569-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52532460","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":"Does Competition Lead Firms to Bribery? A Firm-Level Study in Southeast Asia","authors":"Ruohan Wu","doi":"10.2139/ssrn.3435901","DOIUrl":"https://doi.org/10.2139/ssrn.3435901","url":null,"abstract":"Economists have paid close attention to economic development in Southeast Asia, where corruption and bribery are believed to be ubiquitous. In this article, we study the reasons why firms bribe. Specifically, we study the effects of the competition encountered by Southeast Asian firms on their bribing behavior. This article focuses on two types of bribing behavior: (1) informal payments given to the government so that it will ignore rule violations and (2) informal payments to the government to secure a contract. Using firm-level and country-level data from Cambodia, Indonesia, Laos, Myanmar, the Philippines, and Vietnam between 2009 and 2014, we find that the market competition will increase bribing behavior, while political competition within the country will reduce the likelihood of bribing.","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"46 1","pages":"91-100"},"PeriodicalIF":0.6,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44457670","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":"Cleaning the Ganges in Varanasi to Attract Tourists","authors":"A. Batabyal, H. Beladi","doi":"10.1111/nrm.12177","DOIUrl":"https://doi.org/10.1111/nrm.12177","url":null,"abstract":"We study two probabilistic approaches to cleaning the Ganges river when the underlying goal is to use the cleanup to sustain tourism in Varanasi, India. The first approach models the idea that because resources are scarce and cleanup is costly, not all pollutants in the Ganges can be removed. Therefore, a cleaning agency first establishes a benefit‐cost ratio rule and then it uses this rule to remove from the Ganges only those pollutants whose removal satisfies the ratio rule. In contrast, the second approach focuses on removing all pollutants from the Ganges but the emphasis now is on the frequency of cleanup given that pollutants accumulate temporally and hence water quality deteriorates over time. Finally, we compare and contrast these two approaches and discuss the connections between the two approaches and the sustainability of tourism in Varanasi.","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"45 1","pages":"511-513"},"PeriodicalIF":0.6,"publicationDate":"2017-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/nrm.12177","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45493960","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":"Diffusion of Minimally Invasive Procedures across Hospitals and Traits of Fast Adopting Hospitals","authors":"Ashley Hodgson, Chloe Mitchell, Alec Paulson","doi":"10.1007/s11293-017-9557-3","DOIUrl":"https://doi.org/10.1007/s11293-017-9557-3","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"45 1","pages":"473 - 484"},"PeriodicalIF":0.6,"publicationDate":"2017-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11293-017-9557-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52532296","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}