Labour Economics Gateway (LEG)

Created and maintained by Jacques Brosius — a PhD candidate in economics at The Center for Population, Poverty and Public Policy Studies of the International Networks for Studies in Technology, Environment, Alternatives, Development — the Labour Economics Gateway (LEG) offers “a wealth of information on just about any topic in economics.” LEG includes an alphabetical list of working economists and their homepages, research centers worldwide, … [ Read more ]

A Thousand Years of Work & Money

The Christian Science Monitor looks at how “typical” workers evolved over a millennium. It explores tangents, from consumerism to investing for social change.

Bureau of Economic Analysis

The Bureau of Economic Analysis (BEA) is an agency of the Department of Commerce. Along with the Census Bureau and STAT-USA, BEA is part of the Department’s Economics and Statistics Administration. The mission of BEA is to produce and disseminate accurate, timely, relevant, and cost-effective economic accounts statistics that provide government, businesses, households, and individuals with a comprehensive, up-to-date picture of economic activity. BEA’s national, … [ Read more ]

Elastic Plastic: How Consumers Respond to Changes in Credit Card Limits and Rates

When a credit card company changes interest rates or increases the credit limit of its consumers, how do these consumers respond? The answers are far from predictable, as David B. Gross of the University of Chicago and Wharton’s Nicholas S. Souleles have found out. In a paper titled, “Consumer Response to Changes in Credit Supply: Evidence from Credit Card Data,” Gross and Souleles examine the … [ Read more ]

Online Glossary of Research Economics

Peter B. Meyer of the Economics Department at Northwestern University has created this searchable glossary of research economics terms. The glossary is meant to be used like a dictionary: users type in research terms they don’t understand, and hopefully, the term will be among the Online Glossary of Research Economics’s over 1,000 entries. Typing “help” into the search field will provide a list of relevant … [ Read more ]

The Political Economy of Open Source Software

Interesting investigation/analysis of the Open Source phenomenon. Quoting the author, “The problem of intellectual property rights is about creating incentives for innovators. … means of ‘protecting’ knowledge assure that economic rents are created and that some proportion of those rents can be appropriated by the innovator…Open Source software inverts this logic…Collaborative Open Source software projects such as Linux…have demonstrated…that a large, complex system … [ Read more ]

Monetary Policy’s Role in Exchange Rate Behavior

Exchange rate changes are volatile and difficult to explain. Economists have long suspected that monetary policy shocks might play an important role in accounting for this behavior. This paper combines recent developments in international finance and econometrics to assess what firm conclusions can be drawn about the role of monetary policy shocks in exchange rate behavior.

Stock Prices and Fundamentals in a Production Economy

This paper by the Federal Reserve Board compares the predictions for the market value of firms from the Gordon growth model with those from a dynamic general equilibrium model of production. Special attention is focused on the prediction for movements in the market value of firms in response to a decline in the required return or an increase in the growth rate of the … [ Read more ]

Do Mergers Lead to Monopoly in the Long Run? Results From the Dominant Firm Model

This 42-page .pdf paper analyzes whether an industry with no antitrust policy will converge to monopoly, competition or somewher in between using a dominant firm model with rational agents, endogenous mergers and constant returns to scale production. It finds that mergers are likely only when supply is inelastic or demand is elastic, suggesting that the ability of a dominant firm to raise prices through … [ Read more ]

The Pros and Cons of Full Dollarization

This IMF working paper analyzes the costs and benefits of full dollarization compared to its closes alternative, a currency board. The paper lists several advantages and disadvantages while reviewing how various country characteristics influence the balance of arguments.

National Bureau of Economic Research (NBER)

The NBER is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works; site organized into 5 sections: publications, research, people, data, and links. The data sources and links are useful and free, the working papers section contains some very interesting material, but unfortunately they are not free. Still, for corporate needs, they may be the solution. … [ Read more ]

Resources for Economists

An extensive human-edited guide of economics-related information on the web. Sponsored by the American Economics Association and edited by Bill Goffe. It lists more than 2,000 resources in 97 sections and sub-sections available on the Internet of interest to academic and practicing economists, and those interested in economics.

Where Schumpeter was nearly Right – the Swedish Model and Capitalism, Socialism and Democracy

In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. Six essential elements of Schumpeter’s prediction about the fate of capitalism are confronted with the development of the Swedish economy.

Digital Economy 2000: Commerce Department’s Third Annual Report On IT Revolution

Excellent report that suggests e-business and the extraordinary dynamism of industries that produce IT products and services are harbingers of a new era of higher, sustained growth with low inflation and low unemployment. The report also analyzes the forces behind these developments; has some excellent market statistics (also summarized in MBAdepot’s Mkt Research section)