Browsing by Author "Mankiw, N"

Now showing items 1-20 of 26

    • Antidumping: The Third Rail of Trade Policy 

      Mankiw, N; Swagel, Phillip (Council on Foreign Relations, 2005)
      Although few U.S. politicians will admit it, antidumping policy has strayed far from its original purpose of guarding against predatory foreign firms. It is now little more than an excuse for a few powerful industries to ...

    • Are Output Fluctuations Transitory? 

      Campbell, John; Mankiw, Gregory (MIT Press, 1987)
      According to the conventional view of the business cycle, fluctuations in output represent temporary deviations from trend. The purpose of this paper is to question this conventional view. If fluctuations in output are ...

    • Disagreement about Inflation Expectations 

      Mankiw, N; Reis, Ricardo; Wolfers, Justin (Harvard University, Institute of Economic Research and Stanford University, Graduate School of Business, 2003)
      Analyzing 50 years of inflation expectations data from several sources, we document substantial disagreement among both consumers and professional economists about expected future inflation. Moreover, this disagreement ...

    • Dynamic Scoring: A Back-of-the-Envelope Guide 

      Mankiw, N; Weinzierl, Matthew (2005)
      This paper uses the neoclassical growth model to examine the extent to which a tax cut pays for itself through higher economic growth. The model yields simple expressions for the steady-state feedback effect of a tax cut. ...

    • Essays on Financial Economics and Macroeconomics 

      Agarwal, Ruchir (2012-07-24)
      The first chapter studies mass layoff decisions. Firms in the SP 500 often announce layoffs within days of one another, despite the fact that the average SP 500 constituent announces layoffs once every 5 years. By contrast, ...

    • An Exploration of Optimal Stabilization Policy 

      Weinzierl, Matthew Charles; Mankiw, N. Gregory; Eggertsson, Gauti B.; Blanchard, Olivier (Brookings Institution Press, 2011)
      This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and ...

    • Government Debt 

      Elmendorf, Douglas W.; Mankiw, N (Elsevier, 1999)
      This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future ...

    • Government Purchases and Real Interest Rates 

      Mankiw, N (University of Chicago Press, 1987)
      This paper examines the dynamic impact of government purchases in a simple general equilibrium model with both durable and non-durable consumer goods as well as productive capital. The model generates perhaps surprising ...

    • Imperfect Information and Aggregate Supply 

      Mankiw, N. Gregory; Reis, Ricardo (Elsevier, 2010)
      This paper surveys the research in the past decade on imperfect information models of aggregate supply and the Phillips curve. This new work has emphasized that information is dispersed and disseminates slowly across a ...

    • Income Risk and Aggregate Demand over the Business Cycle 

      Mericle, David (2012-07-23)
      This dissertation consists of three essays on income risk and aggregate demand over the business cycle, each addressing an aspect of the Great Recession. The first chapter reframes the standard liquidity trap model to ...

    • Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design 

      Ball, Laurence; Mankiw, N. Gregory (University of Chicago Press, 2007)
      This paper examines the optimal allocation of risk in an overlapping‐generations economy. It compares the allocation of risk the economy reaches naturally to the allocation that would be reached if generations behind a ...

    • International Evidence on the Persistence of Economic Fluctuations 

      Campbell, John; Mankiw, N. Gregory (Elsevier Science B.V., 1989)
      This paper presents new evidence on the persistence of fluctuations in real GNP. We estimate two measures of persistence nonparametrically using post-war quarterly data from Canada, France, Germany, Italy, Japan, the United ...

    • Interpreting the Correlation Between Inflation and the Skewness of Relative Prices: A Comment on Bryan and Cecchetti 

      Ball, Laurence; Mankiw, N. Gregory (Massachusetts Institute of Technology Press, 1999)
      No abstract provided.

    • Monetary Policy for Inattentive Economies 

      Ball, Laurence; Mankiw, N; Reis, Ricardo (2003)
      This paper is a contribution to the analysis of optimal monetary policy. It begins with a critical assessment of the existing literature, arguing that most work is based on implausible models of inflation-output dynamics. ...

    • Optimal Taxation in Theory and Practice 

      Mankiw, N. Gregory; Weinzierl, Matthew Charles; Yagan, Danny Ferris (American Economic Association, 2009)
      The optimal design of a tax system is a topic that has long fascinated economic theorists and flummoxed economic policymakers. This paper explores the interplay between tax theory and tax policy. It identifies key lessons ...

    • The Optimal Taxation of Height: A Case Study of Utilitarian Income Redistribution 

      Mankiw, N; Weinzierl, Matthew (2007)
      Should the income tax system include a tax credit for short taxpayers and a tax surcharge for tall ones? This paper shows that the standard Utilitarian framework for tax policy analysis answers this question in the ...

    • Pecuniary Externalities in Labor Markets and Questions in Macroeconomics and International Trade 

      Schwarz, Lukas Marinus (2016-04-21)
      I analyze how various types of structural change including labor market reform, trade liberalization, product market reform and technological progress affect labor markets in closed and open economies. In order to do this, ...

    • Permanent and Transitory Components in Macroeconomic Fluctuations 

      Campbell, John; Mankiw, N. Gregory (American Economic Association, 1987)
      Fluctuations in real GNP have traditionally been viewed as transitory deviations from a deterministic time trend. The purpose of this paper is to review some of the recent developments that have led to a new view of output ...

    • Permanent Income, Current Income, and Consumption 

      Campbell, John Y.; Mankiw, N. Gregory (American Statistical Association, 1990)
      This article reexamines the consistency of the permanent-income hypothesis with aggregate postwar U.S. data. The permanent-income hypothesis is nested within a more general model in which a fraction of income accrues to ...

    • The Politics and Economics of Offshore Outsourcing 

      Mankiw, N; Swagel, Phillip (American Enterprise Institute for Public Policy Research, 2006)
      This paper reviews the political uproar over offshore outsourcing connected with the release of the Economic Report of the President (ERP) in February 2004, examines the differing ways in which economists and non-economists ...