1.
A view advanced in the aftermath of the late-2000s financial crisis is that lower than optimal interest rates lead to excessive risk taking by financial intermediaries. W[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
2.
This paper analyses the Canadian economy for the post 1960 period. It uses an accounting procedure developed in Chari, Kehoe, and McGrattan (2006). The procedure identifi[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
3.
We develop a model in which a financial intermediary's investment in risky assets—risk taking—is excessive due to limited liability and deposit insurance, and characteriz[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
4.
From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured a[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
5.
We construct quarterly US average hours worked using Current Population Survey data on employed persons at work and their actual hours worked. Our methodology can be appl[...]
2018 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |