Mary G. Finn

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Cyclical Effects of Government's Employment and Goods Purchases Author(s): Mary G. Finn Source: International Economic Review, Vol. 39, No. 3 (Aug., 1998), pp. 635-657 Published by: Blackwell Publishing for the Economics Department of the University of Pennsylvania and Institute of Social and Economic Research -Osaka University Stable URL:(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 resourceshortage conditions or “bottlenecks” that inevitably erupt into price inflation. For instance, an article in Citicorp’s Economic Week (January 18,(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)
It is interesting to contemplate a tangled bank, clothed with many plants of many kinds, with birds singing on the bushes, with various insects flitting about, and with worms crawling through the damp earth, and to reflect that these elaborately constructed forms, so different from each other, and dependent upon each other in so complex amanner, have all(More)
T he relationship between capacity utilization and inflation is quite variable. Figure 1 shows the time paths of utilization and inflation for the United States over the period 1953:1 to 1995:4. Two features characterize this relationship. First, inflation and utilization often move in opposite directions. The most dramatic episodes of negative comovement(More)
For the United States economy (1960-1989), the correlation between the growth rates of the Solow residual and the real price of energy (government spending) is -0.55 (0.09). The Solow residual confounds movements in energy prices and government spending with those in true technology. Why? To address this question, this study develops a model to see if it(More)
M science has undergone the fastest growth of all the physical sciences in terms of publications, according to ScienceWatch of Thomson-Reuters. Much of the world, particularly Asia, is making massive investments in infrastructure to enable the development of new materials with applications in energy, medicine, structural materials and composites, and many(More)
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