Sentences with phrase «effect economic shocks»

Not exact matches

The study also adds to the evidence that factory closings, mass layoffs and other economic shocks have widespread negative effects on communities, reaching beyond the individuals who lose work.

We were not shocked by the economic crisis because our understanding of the effect of bull markets on the economy told us that a crash was coming years before it hit.

In a research paper titled «Culture Shocks and Consequences: The causal link between the arts and economic growth,» co-authors Peter Pedroni and Stephen Sheppard, economics professors at Williams College in the nearby Williamstown, conclude that arts institutions benefit surrounding communities with both the short - term multiplier effect of day visitors spending money and long - term improvements to local income levels.

Pindyck, R. S. and J. J. Rotemberg (1983): «Dynamic factor demands and the effects of energy price shocks,» American Economic Review, 73, 1066 - 1079.