Enrique Mendoza and two anonymous referees for helpful comments, and to Karen Myers for processing this manuscript. Responsibility for any errors is mine. The views expressed are those of the author and do not necessarily represent those of the Federal Reserve Bank of Richmond or the Federal Reserve System. Abstract For the United States economy… (More)
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T he early 1970s witnessed dramatic change in per-capita output and labor-productivity growth rates in the United States. These growth rates averaged 2.2 percent and 2.0 percent, respectively, for the 1950–1969 period compared to 1.3 percent and 0.8 percent for the 1970–1989 period. Aschauer (1989) advances the idea that an important explanatory factor in… (More)
C apacity utilization in U.S. industry features prominently in discussions of inflation. This prominence derives from the widely held viewpoint that " high " rates of capacity utilization are tantamount to resource-shortage conditions or " bottlenecks " that inevitably erupt into price inflation. For instance, an article in Citicorp's Economic Week (January… (More)
OBJECTIVE This paper reports the findings of a descriptive study of a patient population over a three-month period on an eight bed psychiatric intensive care unit (PICU) in Western Australia. The report provides a quantitative insight into the profile of patients in PICUs. It provides information on patients' diagnoses, presenting signs, symptoms and/or… (More)
A new approach to the analysis of the effects of monetary policy on economic activity is developing. Its pioneers are Benhabib and Farmer (1992) and Beaudry and Devereux (1993, 1995). The combined assumptions of increasing returns to scale (IRS) in production and sticky prices identify this approach. 1 The goal is to rationalize slow price adjustment in… (More)
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Bringing efficiency to materials synthesis: The philosophy of click chemistry, " Aust. Phase morphologies in reversibly bonding supramolecular triblock copolymer blends, " Macromolecules 40, 8445 (2007) Self-assembly of uracil-PAMAM dendrimer systems into domains of micrometer length scale, " Macromolecules 40, 1779 (2007) " Ice-templating of core/shell… (More)
Please note: In order to gain sufficient knowledge from this course, it is important that you be in your last semester (or year) of your master's program (and midway for doctoral students).