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	<title>Chris Nekarda: Economics</title>
	<link>http://chrisnekarda.com</link>
	<description>Views expressed on this site are my own and do not reflect the view of the Federal Reserve System or its staff</description>
	<lastBuildDate>Wed, 03 Feb 2010 20:16:57 +0000</lastBuildDate>
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	<item>
		<title>Updated version of industry evidence paper</title>
		<description><![CDATA[We have updated our working paper, “Industry Evidence on the Effects of Government Spending.”  Using a slightly different instrument for government demand, we now find that an increase in government demand raises output and hours but lowers real product wages and productivity, consistent with the neoclassical model of government spending.
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		<link>http://chrisnekarda.com/blog/2010/02/updated-version-of-industry-evidence-paper/</link>
			</item>
	<item>
		<title>Industry Evidence on the Effects of Government Spending</title>
		<description><![CDATA[Valerie Ramey and I have posted a draft of our new working paper, “Industry Evidence on the Effects of Government Spending,” which we will be presenting at the AEA meetings this weekend. In it we study how industry-level government spending effects output, hours, wages, and productivity.

This paper investigates industry-level effects of government purchases in order [...]]]></description>
		<link>http://chrisnekarda.com/blog/2009/12/industry-evidence-on-the-effects-of-government-spending/</link>
			</item>
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		<title>Fiscal Stabilization Policy at 2010 AEA meetings</title>
		<description><![CDATA[Valerie and I will be presenting our paper &#8220;Industry Evidence on the Effects of Government Spending&#8221; at the 2010 AEA meetings on Monday, January 4th. Here is the information about the session:
Jan. 4, 2:30 pm, Atlanta Marriott Marquis, Marquis Ballroom &#8211; Salon D
AEA
Fiscal Stabilization Policy (E6)
Presiding:  STEVEN DAVIS, University of Chicago
ROBERT BARRO, Harvard University, [...]]]></description>
		<link>http://chrisnekarda.com/blog/2009/09/fiscal-stabilization-policy-at-2010-aea-meetings/</link>
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		<title>Updated draft of markup cyclicality paper</title>
		<description><![CDATA[We have updated our paper &#8220;The Cyclicality of the Price-Cost Markup&#8221;. You can download the revised version directly here or on my research page.
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		<link>http://chrisnekarda.com/blog/2009/09/updated-draft-of-cyclicality-of-markups/</link>
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		<title>The Cyclical Behavior of the Price-Cost Markup</title>
		<description><![CDATA[Valerie Ramey and I have posted a draft of our new working paper, &#8220;The Cyclical Behavior of the Price-Cost Markup.&#8221; In it we present considerable evidence that markups are significantly procyclical, contrary to the stylized fact that markups are countercyclical.
Here is the abstract:

Countercyclical markups constitute the key transmission mechanism for monetary and other &#8220;demand&#8221; shocks [...]]]></description>
		<link>http://chrisnekarda.com/blog/2009/07/the-cyclical-behavior-of-the-price-cost-markup/</link>
			</item>
	<item>
		<title>Cyclicality of geographic mobility</title>
		<description><![CDATA[Connor Dougherty discusses a dramatic decline in geographic mobility during 2008 (via Economist&#8217;s View):
U.S. Migration Falls Sharply, by Conor Dougherty, WSJ:
Migration around the U.S. slowed to a crawl last year, especially for this decade&#8217;s boom towns, as a weak housing market and job insecurity forced many Americans to stay put.
Demographers say the dropoff in migration, [...]]]></description>
		<link>http://chrisnekarda.com/blog/2009/03/cyclicality-of-geographic-mobility/</link>
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		<title>Calculating the unemployment rate</title>
		<description><![CDATA[This post  at Liscio Report debunks the claim that methodological changes since the Great Depression have made the unemployment rate artificially lower.

Recently several news pieces have made the claim that if the unemployment rate were calculated as it was during the Great Depression, the current rate would be close to double what it is, [...]]]></description>
		<link>http://chrisnekarda.com/blog/2009/03/calculating-the-unemployment-rate/</link>
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		<title>Final exam review session</title>
		<description><![CDATA[The final exam review session is Tue, Dec 9 from 6:00-7:50p in 113 Center Hall. I plan to spend the first 20-30 minutes finishing the structured review and then spend the rest of the time answering your questions.
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		<link>http://chrisnekarda.com/blog/2008/12/final-exam-review-session-2/</link>
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		<title>Change of office hours and review session</title>
		<description><![CDATA[I cannot hold office hours on Tuesday this week. Instead, I will have office hours on Thursday (12/4) from 12:00-2:00p in 103 Marshall College. I will also hold extra office hours during exam week.
Remember, Thursday will be an in-class review for the final exam. 
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		<link>http://chrisnekarda.com/blog/2008/12/change-of-office-hours-and-review-session/</link>
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	<item>
		<title>Updated draft of geographic mobility paper posted</title>
		<description><![CDATA[I posted a revised version of my paper on the cyclical bias of geographic mobility, &#8220;A Longitudinal Analysis of the Current Population Survey: Assessing the Cyclical Bias of Geographic Mobility.&#8221; You can download the paper from my research page or directly by clicking on the title. Here is the abstract:
This paper assesses the implications of [...]]]></description>
		<link>http://chrisnekarda.com/blog/2008/11/updated-draft-of-geographic-mobility-paper-posted/</link>
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