Institution
Hoover Institution
Facility•Stanford, California, United States•
About: Hoover Institution is a facility organization based out in Stanford, California, United States. It is known for research contribution in the topics: Politics & Interest rate. The organization has 198 authors who have published 727 publications receiving 36739 citations. The organization is also known as: Hoover Institution on War, Revolution, and Peace & Hoover Institution Library and Archives.
Topics: Politics, Interest rate, Value-added tax, Constitution, Indirect tax
Papers published on a yearly basis
Papers
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TL;DR: For a VAR with drifting coefficients and stochastic volatilities, the authors present posterior densities for several objects that are pertinent for designing and evaluating monetary policy, including measures of inflation persistence, the natural rate of unemployment, a core rate of inflation, and ‘activism coefficients' for monetary policy rules.
1,276 citations
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TL;DR: In this paper, the authors view federalism as a governance solution of the state to credibly preserving market incentives and suggest that some forms of federalism are self-sustaining.
Abstract: The authors advance a new perspective in the study of federalism. Their approach views federalism as a governance solution of the state to credibly preserving market incentives. Market incentives are preserved if the state is credibly prevented from compromising on future economic success and from bailing out future failures. The salient features of federalism--decentralization of information and authority and interjurisdictional competition--help provide credible commitment or these purposes. In addition, the authors suggest that some federalism are self-sustaining.
1,205 citations
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TL;DR: This paper examined the relationship between urban characteristics in 1960 and urban growth between 1960 and 1990, and found that both types of growth are positively related to initial schooling, negatively associated with initial unemployment, and negatively related to the initial share of employment in manufacturing.
1,162 citations
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TL;DR: The authors developed a new index of economic policy uncertainty (EPU), built on three components: the frequency of newspaper references to economic policy uncertainties, the number of federal tax code provisions set to expire, and the extent of forecaster disagreement over future inflation and government purchases.
Abstract: Many commentators argue that uncertainty about tax, spending, monetary and regulatory policy slowed the recovery from the 2007-2009 recession. To investigate this we develop a new index of economic policy uncertainty (EPU), built on three components: the frequency of newspaper references to economic policy uncertainty, the number of federal tax code provisions set to expire, and the extent of forecaster disagreement over future inflation and government purchases. This EPU index spikes near consequential presidential elections and major events such as the Gulf wars and the 9/11 attack. It also rises steeply from 2008 onward. We then evaluate our EPU index, first on a sample of 3,500 human audited news articles, and second against other measures of policy uncertainty, with these suggesting our EPU index is a good proxy for actual economic policy uncertainty. Drilling down into our index we find that the post-2008 increase was driven mainly by tax, spending and healthcare policy uncertainty. Finally, VAR estimates show that an innovation in policy uncertainty equal to the increase from 2006 to 2011 foreshadows declines of up to 2.3% in GDP and 2.3 million in employment.
999 citations
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TL;DR: The authors identify the effects of peers whom a child encounters in the classroom using sources of variation that are credibly idiosyncratic, such as changes in the gender and racial composition of a grade in a school in adjacent years.
Abstract: Peer effects are potentially important for understanding the optimal organization of schools, jobs, and neighborhoods, but finding evidence is difficult because people are selected into peer groups based, in part, on their unobservable characteristics. I identify the effects of peers whom a child encounters in the classroom using sources of variation that are credibly idiosyncratic, such as changes in the gender and racial composition of a grade in a school in adjacent years. I use specification tests, including one based on randomizing the order of years, to confirm that the variation I use is not generated by time trends or other non-idiosyncratic forces. I find that students are affected by the achievement level of their peers: a credibly exogenous change of 1 point in peers' reading scores raises a student's own score between 0.15 and 0.4 points, depending on the specification. Although I find little evidence that peer effects are generally non-linear, I do find that peer effects are stronger intra-race and that some effects do not operate through peers' achievement. For instance, both males and females perform better in math in classrooms that are more female despite the fact that females' math performance is about the same as that of males.
936 citations
Authors
Showing all 209 results
Name | H-index | Papers | Citations |
---|---|---|---|
Joseph E. Stiglitz | 164 | 1142 | 152469 |
Edward L. Glaeser | 137 | 550 | 83601 |
Eric A. Hanushek | 109 | 449 | 59705 |
Antonio M. Gotto | 107 | 756 | 83541 |
Thomas J. Sargent | 96 | 370 | 39224 |
Gary S. Becker | 94 | 227 | 135183 |
Robert E. Hall | 88 | 343 | 54764 |
Milton Friedman | 77 | 278 | 75002 |
Michael D. Bordo | 72 | 621 | 20064 |
James G. March | 72 | 176 | 94815 |
Edward P. Lazear | 70 | 209 | 29319 |
John B. Taylor | 68 | 284 | 36772 |
Seymour Martin Lipset | 68 | 272 | 31637 |
David R. Weir | 68 | 203 | 22669 |
Alan M. Taylor | 67 | 316 | 21529 |