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Full-Text Articles in Macroeconomics
The Effect Of Artificial Intelligence Implementation On Total Factor Productivity, Matthew Toy
The Effect Of Artificial Intelligence Implementation On Total Factor Productivity, Matthew Toy
Honors Theses
Investment in and availability of artificial intelligence has become a central concern for most developed economies because of is expected positive impact on an economy. Unlike other forms of capital investment, investment in AI may lead to innovative products and processes that should increase productivity. However, AI’s overall effect on productivity remains largely unknown. Adopting AI replaces labor with capital, which will have a positive effect on labor productivity, but overall productivity may remain the same or even decrease. I look at the impact of AI implementation on Total Factor Productivity (TFP) in order to assess its effect on the …
The Business Cycle And Health: An Analysis Of How Macroeconomic Conditions Impact Health Outcomes In The U.S., Talitha Kumaresan
The Business Cycle And Health: An Analysis Of How Macroeconomic Conditions Impact Health Outcomes In The U.S., Talitha Kumaresan
Honors Theses
The U.S. spends about twice as much per person on healthcare, yet the disease burden remains higher in the U.S. than in comparable countries (Sawyer and Cox 2018; Sawyer and Gonzales 2017). Although health status is perceived to be an outcome of individual decision making, the business cycle also affects health. While the effect of macroeconomic shocks on health outcomes has been studied extensively, results remain inconclusive. This analysis uses longitudinal data over 30 years and panel data models to examine the effect of macroeconomic conditions on obesity, diabetes, hypertension, depression, congestive heart failure, and heart attack or myocardial infarction. …
Can Parallel Exchange Rates Forecast Commodity Prices?, John F. Roberts
Can Parallel Exchange Rates Forecast Commodity Prices?, John F. Roberts
Honors Theses
Commodity price uncertainty imposes large costs on society. On the macro level, it results in sudden and unexpected shifts in current account imbalances and real GDP volatility, while on the micro level, it leads to allocation inefficiencies. Accurate price forecasts have the potential to remove some of this uncertainty and allow for a more efficient distribution of resources, and thus, an increase in social welfare. Despite the obvious gains to be had from accurate commodity price forecasts, few models have been able to deliver these results. Chen, Rogoff and Rossi (2008) were the first to find a promising link between …