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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The impact of stochastic and deterministic trends on money–output causality: A multi-country investigation☆
Robert Krol,Lee E. Ohanian +1 more
TL;DR: In this paper, the authors apply a statistical approach used by Stock and Watson (1989) in their study of U.S. money-output causality to analyze money output relationships in five industrialized countries.
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Foreclosure Delay and U.S. Unemployment
TL;DR: In this article, the authors study the growing trend of mortgagors who skip mortgage payments as an extra source of "informal" unemployment insurance during the 2007 recession and the subsequent recovery.
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Trend-reverting fluctuations in the life-cycle model☆
TL;DR: If consumption goods are weak gross substitutes near the steady state price vector, it is proved that the unique equilibrium of a life cycle exchange economy converges to the unique non-monetary steady state via damped oscillations.
Posted Content
New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
TL;DR: In this paper, 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 Decline of the U.S. Rust Belt: A Macroeconomic Analysis
TL;DR: The authors argue that a lack of competition in labor and output markets in the Rust Belt was responsible for much of the region's decline, and formalize this theory in a dynamic general-equilibrium model in which productivity growth and regional employment shares are determined by the extent of competition.