Carol Scotese Lehr

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Mankiw and Reis (2002) have revived imperfect information explanations for the short run real effects of monetary policy. This paper contrasts their sticky information model with the standard sticky price model. First, I utilize a theoretical relation between aggregate prices and unit labor cost that allows me to leave unspecified household preferences,(More)
This paper finds that fertility responds to productivity differently depending upon the economy’s stage of development. At low levels of development, productivity increases will increase fertility while at the more advanced stages of development, productivity increases lower fertility. During the process there may be important interaction effects between(More)
This study examines households’ fertility variations in response to expected permanent shifts in the return to education. Wage premiums measure the return to education because their long-run movements are driven by factors exogenous to the fertility process. The results indicate that high education parents’ fertility responds negatively to changes in the(More)
This study examines the influence of financial intermediation on fertility rate and labor allocation decisions. A panel Vector Autoregression model using three variables of interest, specifically, financial intermediation, fertility, and industrial employment data in 87 countries, was estimated. This convenient methodology allows the relationship between(More)
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