This paper investigates the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment and the cross-sectional earnings and wealth distributions...
Cahners In-Stat Group Scottsdale, Ariz.-Second only to the book-to-bill ratio, the ratio of supply-to-demand is the most common barometer for gauging the future health of our beloved semiconductor industry. In concept, the ratio is straightforward. First we add up all the capacity or supply for a particular device...
John M. Mason submits: This is the third of three posts in which I aim to present the outline of my vision of where the economy is going into the fall. The first, “The Candidates and Economic Leadership” (August 18, 2008) framed the political environment, and the second,” The...
In mid-January, The Home Depot announced a definitive agreement to purchase Hughes Supply, Inc. for an aggregate consideration of $3.47 billion. Hughes will become part of The Home Depot Supply, a division of the company designed to focus on business In mid-January, The Home Depot announced...
Whatever may be the method, everybody's trying to aggregate supply and demand and operate their supply chains in new and more efficient ways. It has been seen that the office-furniture industry has always been regarded as slow moving and unreliable—and rightly so. From a purchasing perspective, one could do all...
The orthodox approach to modeling the Fed's response to economic conditions is to employ a monetary policy reaction function. Most reaction functions are estimated by regressing a policy indicator, possibly the federal funds rate or a monetary aggregate, on variables that describe the state of the economy, such as unemployment,...
Aggregate data are commonly used to determine returns to storage. However, recent studies have shown that aggregating data may lead to underestimated returns. This article compares aggregate and elevator data from Oklahoma to determine if aggregate data underestimate returns. We find no difference between the mean returns estimated with aggregate...
Holcim Ltd., Zurich, Switzerland, one of the world's largest cement makers, is considering buying building materials group Aggregate Industries, Leicestershire, U.K., for an equivalent of about $3.4 billion, according to a report in the New York Times. Aggregate Industries makes crushed rock, asphalt, ready-made concrete and other building supplies. ...
The supply of medium of exchange SME is proposed as a statistical monetary aggregate for the US economy. The SME's empirical properties are investigated, as well as the set of criteria used to identify the proposed monetary aggregate's components. An explanation of the usefulness of SME in accounting for recent...
Economists have long recognized that equilibrium between the demand for and supply of money is the primary long-run determinant of an economy's price level. There is far less agreement, however, on how to measure the aggregate quantity of money in th Economists have long recognized that...
We study the stock market reaction to aggregate earnings news. Previous research shows that, for individual firms, stock prices react positively to earnings news but require several quarters to fully reflect the information in earnings. We find that the relation between returns and earnings is substantially different in aggregate data....
In this paper a model of aggregate investment is derived which incorporates fixed investment costs and capital market imperfections on the micro-level. Aggregate investment reacts nonlinearly with respect to aggregate shocks to productivity and liquidity of firms. Employing non-parametric kernel estimation methods to analyze a sample of annual account data...
LAFAYETTE, Calif.--BUSINESS WIRE--June 18, 1996--Central Garden & Pet Company (NASDAQ:CENT) today announced that it has entered into a definitive agreement to acquire Kenlin Pet Supply, Inc., the largest distributor of pet supply products in the eastern United States.Under the terms of the agreement, Central will pay an aggregate of $33...
The paper examines the effects of exchange rate fluctuations on real output and the price level in a sample of 33 developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations help to determine aggregate demand through exports, imports, and the...
Determinants of Aggregate Income-Tax-Evasion Behavior: The Case of the US 1. Introduction Edgar Feige (1994, p.119) has observed that "Federal Reserve surveys [...] of currency usage by American households determined that adult U.S. residents admit to holding only 12% of the nation's currency in circulation outside...
BridgePoint, Inc. (www.bridge-point.com) the leading provider of logistics networking solutions for carriers and shippers today announced that Hyundai Motor America has selected its supply chain tracking and visibility solution to collect and aggregate data from multiple sources. The solution will be used by Hyundai to gain a single view of...
Supply chain performance has never been as important as it is today. In an economy where supply chains, and not companies, battle one another, how a supply chain performs determines who will win the battle. To achieve maximum benefit from a supply chain, creating competitive advantage in the supply chain...
Financial economics research has suggested that expected returns are not the same across assets, and that their movements over time are not simply described or explained. Article argues that this suggestion has implications for the study of substitution over time --namely that 'the' interest rate in aggregate theory is not...
M2 PRESSWIRE-11 March 1999-USDA: World Agricultural Supply and Demand Estimates WASDE C1994-99 M2 COMMUNICATIONS LTD RDATE:110399 WHEAT: Projected U.S. 1998/99 ending stocks of wheat are down 25 million bushels from last month because of larger prospective exports. The projected price range...
As companies continue to move toward extended supply chains and evolve into new ways of doing business, collaboration among supply chain partners is more important than ever before. As supply chain networks compete, a highly effective supply chain will outpace the competition through more efficient operations and increased market share....
