scholarly journals Heterogeneity in Economic Shocks and Household Spending in the US

2016 ◽  
Vol 37 (1) ◽  
pp. 153-192 ◽  
Author(s):  
Sebastian Devlin-Foltz ◽  
John Sabelhaus
Keyword(s):  
Economic Shocks ◽  
Household Spending ◽  
The Us

Greece and Hong Kong

2017 ◽  
Author(s):  
Yue Chim Richard Wong
Keyword(s):  
Hong Kong ◽  
Exchange Rate ◽  
Exchange Rate Regime ◽  
Economic Shocks ◽  
Fixed Rate ◽  
Policy Tool ◽  
Monetary Independence ◽  
Monetary Unit ◽  
The Us ◽  
Us Dollar

Both Greece and Hong Kong have unified exchange rate regimes. Greece, as a member of the Eurozone, uses the euro as its local monetary unit. Hong Kong, under the linked exchange rate regime, uses a local monetary unit with its currency fully backed by the US dollar at a fixed rate. As a consequence, both economies have surrendered monetary independence to an external monetary authority. Both have committed to not using currency devaluation or revaluation as a policy tool for stabilizing their economies when they are struck by financial and economic shocks. The only way they could regain monetary independence would be, in Greece’s case, exiting the Eurozone and reissuing the drachma, and in Hong Kong’s case, breaking the linked exchange rate and putting in place an alternative monetary arrangement for issuing the Hong Kong dollar. An economy that has joined a unified exchange rate regime will face situations from time to time when the requirements of global economic integration will be in conflict with the requirements of a political democracy.

scholarly journals Crisis, Resilience, and Civic Engagement: Pandemic-Era Census Completion

2021 ◽  
pp. 1-18
Author(s):  
Elaine K. Denny
Keyword(s):  
Civic Engagement ◽  
Completion Rates ◽  
Income Shocks ◽  
Representative Survey ◽  
Economic Shocks ◽  
Search Volume ◽  
The Us ◽  
Us Government ◽  
Nationally Representative ◽  
Shed Light

How do economic shocks and financial resilience shape civic engagement, especially for the economically insecure? I turn to the early months of the coronavirus pandemic for insights. In April 2020, with more than 23 million adults unemployed, the US government asked residents to participate in the constitutionally mandated decennial census. I test how variations in income shocks from the shutdown and sources of financial resilience predict disparities in census completion, a civic act designed to minimize participation barriers. First, I use nationally representative survey data to demonstrate that policies that protect the economically vulnerable from the full impacts of economic shocks also predict higher census completion rates. Then, I use Google Trends data to show that high unemployment search volume interacted with low resilience to predict depressed census completion. Findings shed light on how economic crises can widen participation gaps—with representation and resource consequences—and how policies that lessen acute economic shocks may reduce participation disparities.

scholarly journals Heterogeneity in Economic Shocks and Household Spending

2015 ◽  
Author(s):  
Sebastian J. Devlin-Foltz ◽  
John Sabelhaus
Keyword(s):  
Economic Shocks ◽  
Household Spending

scholarly journals Heterogeneity in Economic Shocks and Household Spending

2015 ◽  
Vol 2015 (049) ◽  
pp. 1-43 ◽  
Author(s):  
Sebastian J. Devlin-Foltz ◽  
◽  
John Sabelhaus
Keyword(s):  
Economic Shocks ◽  
Household Spending

scholarly journals Firms’ Internal Networks and Local Economic Shocks

2019 ◽  
Vol 109 (10) ◽  
pp. 3617-3649 ◽  
Author(s):  
Xavier Giroud ◽  
Holger M. Mueller
Keyword(s):  
Resource Allocation ◽  
Regional Level ◽  
County Level ◽  
Financial Constraint ◽  
Economic Shocks ◽  
Parent Firm ◽  
Level Data ◽  
The Us ◽  
Internal Networks ◽  
Us Census

Using confidential establishment-level data from the US Census Bureau’s Longitudinal Business Database, this paper documents how local shocks propagate across US regions through firms’ internal networks of establishments. Consistent with a model of optimal within-firm resource allocation, we find that establishment-level employment is sensitive to shocks in distant regions in which the establishment’s parent firm is operating, and that the elasticity with respect to such shocks increases with the firm’s financial constraint. At the aggregate regional level, we find that aggregate county-level employment is sensitive to shocks in distant counties linked through firms’ internal networks. (JEL D22, G32, L14, L22, R23, R32)

Animal spirits and household spending in Europe and the US

2019 ◽  
Vol 185 ◽  
pp. 108697
Author(s):  
B. Öztürk ◽  
A.C.J. Stokman
Keyword(s):  
Animal Spirits ◽  
Household Spending ◽  
The Us

scholarly journals Heterogeneity in Economic Shocks and Household Spending

2015 ◽  
Author(s):  
Sebastian J. Devlin-Foltz ◽  
John Sabelhaus
Keyword(s):  
Economic Shocks ◽  
Household Spending

The Eleventh Circuit Holds that Agreements in which Pharmaceutical Companies Pay Generic Companies Not to Compete May be Valid

2004 ◽  
Vol 32 (1) ◽  
pp. 181-184
Author(s):  
Amy Garrigues
Keyword(s):  
Pharmaceutical Companies ◽  
Court Decisions ◽  
Patent Holder ◽  
Trial Court ◽  
Court Of Appeals ◽  
The Us ◽  
Antitrust Laws ◽  
Per Se ◽  
Appeals Court ◽  
Two Sides

On September 15, 2003, the US. Court of Appeals for the Eleventh Circuit held that agreements between pharmaceutical and generic companies not to compete are not per se unlawful if these agreements do not expand the existing exclusionary right of a patent. The Valley DrugCo.v.Geneva Pharmaceuticals decision emphasizes that the nature of a patent gives the patent holder exclusive rights, and if an agreement merely confirms that exclusivity, then it is not per se unlawful. With this holding, the appeals court reversed the decision of the trial court, which held that agreements under which competitors are paid to stay out of the market are per se violations of the antitrust laws. An examination of the Valley Drugtrial and appeals court decisions sheds light on the two sides of an emerging legal debate concerning the validity of pay-not-to-compete agreements, and more broadly, on the appropriate balance between the seemingly competing interests of patent and antitrust laws.

Sign in / Sign up

Export Citation Format

Share Document