L
Lee E. Ohanian
Researcher at University of California, Los Angeles
Publications - 145
Citations - 8777
Lee E. Ohanian is an academic researcher from University of California, Los Angeles. The author has contributed to research in topics: Productivity & Recession. The author has an hindex of 34, co-authored 141 publications receiving 8322 citations. Previous affiliations of Lee E. Ohanian include Hoover Institution & Federal Reserve System.
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Capital-skill complementarity and inequality: a macroeconomic analysis
TL;DR: In this article, a version of the neoclassical growth model is used in which the key feature of aggregate technology is capital-skill complementarity: the elasticity of substitution is higher between capital equipment and unskilled workers than between skilled workers and capital equipment.
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Capital-skill complementarity and inequality: A macroeconomic analysis
TL;DR: In this paper, the authors develop a framework that provides a simple, explicit economic mechanism for understanding skill-biased technological change in terms of observable variables and use the framework to evaluate the fraction of variation in the skill premium that can be accounted for by changes in observed factor quantities.
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Are Phillips Curves Useful for Forecasting Inflation
Andrew Atkeson,Lee E. Ohanian +1 more
TL;DR: In this paper, the authors evaluate the conventional wisdom that modern Phillips curve-based models are useful tools for forecasting inflation and show that none of the NAIRU forecasts is more accurate than the naive forecast.
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New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
Harold L. Cole,Lee E. Ohanian +1 more
TL;DR: In this article, the authors evaluate the contribution of the Depression of New Deal cartelization policies designed to limit competition and increase labor bargaining power, and they find that these policies are an important factor in accounting for the failure of the economy to recover back to trend.
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The Great Depression in the United States From A Neoclassical Perspective
Harold L. Cole,Lee E. Ohanian +1 more
TL;DR: In this paper, the authors conclude that a new shock is needed to account for the depression's weak recovery due to New Deal policies toward monopoly and the distribution of income, and conclude that new shocks are needed to explain the weak recovery.