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Monetary policy and stability during six periods in US economic history: 1959–2008: a novel, nonlinear monetary policy rule
(Elsevier Inc., 2012-04-03)
We investigate the monetary policy of the Federal Reserve Board during six periods in US economic history 1959–2008. In particular, we examine the Fed’s response to changes in three guiding variables: inflation, π, ...
Does employees’ compensation vary with corporate profit?
We find that from about 1965 to 1983 US employees’ compensation, EC, relative to corporate profit, CP, increases in the long run, and from 1984 to 2013 the compensation decreases relative to profit to about half its 1983 ...