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A Search and Matching Approach to Labor Markets: Did the Natural Rate of Unemployment Rise?

[Symposium: Labor Markets and Unemployment]

By Mary C. Daly, Bart Hobijn, Ayşegül Şahin, and Robert G. Valletta

Journal of Economic Perspectives, Summer 2012

The U.S. unemployment rate has remained stubbornly high since the 2007-2009 recession, leading some observers to conclude that structural rather than cyclical factors are to blame. Relying on a standard job search and matching framework and empirical evid...

The Pragmatist's Guide to Comparative Effectiveness Research

[Symposium: Constraining Healthcare Costs]

By Amitabh Chandra, Anupam B. Jena, and Jonathan S. Skinner

Journal of Economic Perspectives, Spring 2011

Following an acrimonious healthcare reform debate involving charges of "death panels," in 2010, Congress explicitly forbade the use of cost-effectiveness analysis in government programs of the Patient Protection and Affordable Care Act. In this context, ...

The Reform of Federal Deposit Insurance

[Symposium: Federal Deposit Insurance]

By Lawrence J. White

Journal of Economic Perspectives, Fall 1989

In early 1989, the system of deposit insurance in the United States was in crisis. The Federal Savings and Loan Insurance Corporation (FSLIC), the U.S. government agency that provided deposit insurance for savings and loan (thrift) institutions, had susta...

Globalization and Growth

By Gene M. Grossman and Elhanan Helpman

American Economic Review, May 2015

How does globalization affect economic growth? We discuss mechanisms that link international integration to the incentives for knowledge accumulation and the efficacy of that process. First, integration facilitates the flow of knowledge across national bo...