Estimation of dynamic labor demand schedules under rational expectations

TL;DR: In this article, the effect of tax incentives on business investment in the United States in the period from 1953 through 1978 was analyzed. But the analysis focused on the investment process is far too complex for any simple econometric model to be convincing.

TL;DR: In the United States, the U.S. unemployment rate soared from 4.5 percent in the first quarter of 2007 to a high of 10.0 percent by the end of 2009, while the German unemployment rate actually declined over the period, only briefly rising from 7.4 percent to 7.9 percent in late 2008 and early 2009 as mentioned in this paper.

TL;DR: In this paper, an explanation of employment behavior in terms of increases in total factor productivity, in actual hours worked, and in the product wage is proposed. But the authors do not consider the effect of hours worked on the performance of the reform process.

TL;DR: In this article, it is shown that the cross spectrum between two variables can be decomposed into two parts, each relating to a single causal arm of a feedback situation, and measures of causal lag and causal strength can then be constructed.

TL;DR: In this article, the authors provide an excellent introduction to feedback control system design, including a theoretical approach that captures the essential issues and can be applied to a wide range of practical problems.

TL;DR: In this paper, the relative fixity of capital is introduced explicitly into the formulation of the firm's maximum problem and used this formulation to obtain a precise definition of the industry's "short run" and "long run" equilibrium posi-