A5058104099- Fiscal Policy and Economic Growth
- Fiscal Policies and Political Economy
- Monetary Policy and Economic Impact
- Housing Market and Economics
- Financial Literacy, Pension, Retirement Analysis
- Economic Theory and Policy
- American Constitutional Law and Politics
- Geology and Paleoclimatology Research
- Economic theories and models
- Global Financial Crisis and Policies
- Housing, Finance, and Neoliberalism
- Cinema and Media Studies
- Retinal Development and Disorders
- Paleontology and Stratigraphy of Fossils
- Vietnamese History and Culture Studies
- Military History and Strategy
- Market Dynamics and Volatility
- Banking stability, regulation, efficiency
- Archaeology and Natural History
- Economic Growth and Productivity
- Geochemistry and Elemental Analysis
- Economic Theory and Institutions
- Gothic Literature and Media Analysis
- Global Energy and Sustainability Research
- American History and Culture
Hanover College
2015-2024
Washington University in St. Louis
2006-2024
University of Virginia
2014-2024
University of North Florida
2022
National Bureau of Economic Research
2019-2021
University of California, Berkeley
2019-2021
Federal Reserve Bank of Cleveland
2020
The University of Queensland
2020
Texas Tech University
2020
New York University
2019
SUMMARY We develop a structural model of the global market for crude oil that first time explicitly allows shocks to speculative demand as well flow and supply. The component real price is identified with help data on inventories. Our estimates rule out explanations 2003–2008 surge based unexpectedly diminishing supplies trading. Instead, this was caused by unexpected increases in world consumption driven business cycle. There evidence, however, shifts played an important role during earlier...
Sign restrictions on the responses generated by structural vector autoregressive models have been proposed as an alternative approach to use of exclusion impact multiplier matrix. In recent years such increasingly used identify demand and supply shocks in market for crude oil. We demonstrate that sign alone are insufficient infer real price oil shocks. Moreover, conventional assumption all admissible equally likely is routinely violated models, calling into question posterior median...
How do demand shocks affect the economy? We exploit detailed data on US defense spending to examine a large set of outcome variables in response well-identified local shocks, jointly examining new outcomes (e.g., firm entry and housing rents) other key macroeconomic elasticities that previously have been estimated separately or settings with weaker identification. find government crowds employment, entry, private consumption, labor productivity while also increasing rents. To reconcile...
Research Article| October 01, 2010 Formation of "Southern Component Water" in the Late Cretaceous: Evidence from Nd-isotopes Stuart A. Robinson; Robinson * 1Department Earth Sciences, University College London, Gower Street, London WC1E 6BT, UK *E-mail: stuart.robinson@ucl.ac.uk. Search for other works by this author on: GSW Google Scholar Daniel P. Murphy; Murphy 2Department Oceanography, Texas A&M University, Station, 77843, USA Derek Vance; Vance 3Bristol Isotope Group, Department...
Alternative pre-mRNA splicing expands the coding capacity of eukaryotic genomes, potentially enabling a limited number genes to govern development complex anatomical structures. is particularly prevalent in vertebrate nervous system, where it required for neuronal and function. Here, we show that photoreceptor cells, type sensory neuron, express characteristic program affects broad set transcripts initiated prior light sensing outer segments. Surprisingly, photoreceptors lack prototypical...
Bardet-Biedl syndrome (BBS) is a genetic disorder affecting multiple systems and organs in the body. Several mutations genes associated with BBS affect only photoreceptor cells cause nonsyndromic retinitis pigmentosa (RP), raising issue of why certain manifest as systemic whereas other changes same gene specific cell type. Here, we show that cell-type-specific alternative splicing responsible for confining phenotype A-to-G substitution 3' splice site BBS8 exon 2A (IVS1-2A>G mutation) to...
Abstract In the aftermath of consumer debt–induced recession, policymakers have questioned whether fiscal stimulus is effective during periods high indebtedness. This study empirically investigates this question. Using detailed data on Department Defense spending for 2007–2009 period, we document that open-economy relative multiplier higher in geographies with debt. The results suggest short term (2007–2009), policy can mitigate adverse effect (over)leverage real economic output a recession....
We estimate local fiscal multipliers and spillovers for the United States using a rich dataset based on U.S. Department of Defense contracts variety outcome variables relating to income employment. find strong positive across locations industries. Both backward linkages general equilibrium effects (e.g., multipliers) contribute spillovers. Geographical appear dissipate fairly quickly with distance. Our evidence points relevance Keynesian-type models that feature excess capacity.
Multicellular organisms evolved via repeated functional divergence of transcriptionally related sister cell types, but the mechanisms underlying type are not well understood. Here, we study a canonical pair retinal photoreceptors and bipolar cells, to identify key cis-regulatory features that distinguish them. By comparing open chromatin maps transcriptomic profiles, found while photoreceptor cells have divergent transcriptomes, they share remarkably similar grammars, marked by enrichment...
ABSTRACT This paper documents a previously unrecognized debt‐related investment distortion. Using detailed project‐level data for 69 firms in the oil and gas industry, we find that highly levered pull forward investment, completing projects early at expense of long‐run project returns value. behavior is particularly pronounced prior to debt renegotiations. We test several channels could explain this evidence consistent with equity holders sacrificing enhance collateral values and, by...
The role that meridional overturning circulation (MOC) patterns played in poleward heat transport during the extreme warmth of Early to Late Cretaceous is a fundamental and unresolved question climate dynamics. In order address this we must determine where deep waters formed, how they may have circulated periods warmth. Here present late Albian through Maastrichtian (105 65 Ma) Nd isotope records from Deep Sea Drilling Project (DSDP) Ocean Program (ODP) sites proto‐Indian tropical Pacific....
The South Atlantic basins during the Late Cretaceous were characterized by overall expansion and opening of deep‐water connections, eventually permitting deep‐ocean circulation with Indian North basins. However, evolving pattern through Cretaceous, particularly timing connection between various basins, is not well constrained. Here we present new neodymium isotope data from five sites in to reconstruct water mass chemistry patterns. combined previously published indicate formation occurred...