2,438 research outputs found
Fiscal Multipliers over the Business Cycle
No full textThis paper illustrates why fiscal policy becomes more effective as unemployment rises in recessions. The theory is based on the equilibrium unemployment model of Michaillat (forthcoming), in which jobs are rationed in recessions. Fiscal policy takes the form of government spending on public-sector jobs. Recessions are periods of acute job shortage without much competition for workers among recruiting firms; hiring in the public sector does not crowd out hiring in the private sector much; therefore fiscal policy reduces unemployment effectively. Formally the fiscal multiplier—the reduction in unemployment rate achieved by spending one dollar on public-sector jobs—is countercyclical. An implication is that available estimates of the fiscal multiplier, which measure the average effect of fiscal policy over the business cycle, do not apply in recessions because the multiplier is much higher in recessions than on average.Fiscal multiplier, unemployment, business cycle, job rationing, matching frictions
Jobs in a recession: now would be a good time for the government to conduct infrastructure projects but a bad time to cut unemployment benefits
No full textPascal Michaillat discusses research on employment during recessions, arguing against unemployment benefit cuts as a tool to incentivise job-seeking and suggesting that public employment is especially effective at stimulating the economy – without crowding out the private sector – at any time when the labour market is depressed
Replication Data for: Critical Values Robust to P-hacking
No full textReview of Economics and Statistics: Forthcomin
Fiscal multipliers over the business cycle
No full textThis paper illustrates why fiscal policy becomes more effective as unemployment rises in recessions. The theory is based on the equilibrium unemployment model of Michaillat (forthcoming), in which jobs are rationed in recessions. Fiscal policy takes the form of government spending on public-sector jobs. Recessions are periods of acute job shortage without much competition for workers among recruiting firms; hiring in the public sector does not crowd out hiring in the private sector much; therefore fiscal policy reduces unemployment effectively. Formally the fiscal multiplier—the reduction in unemployment rate achieved by spending one dollar on public-sector jobs—is countercyclical. An implication is that available estimates of the fiscal multiplier, which measure the average effect of fiscal policy over the business cycle, do not apply in recessions because the multiplier is much higher in recessions than on average
Samuel Beckett and the Writers of Port-Royal
No full textIt has been observed that ‘the literary influences on Beckett have been far more important than has been acknowledged, and more important indeed, than the philosophical influences’ (Smith 2002: 3). The truth of this statement is evidenced by the description that scholars have given of Samuel Beckett’s relationship to seventeenth century French classicism. To date, critical interest has been limited for the most part to the figure of the philosopher René Descartes on the (fragile) grounds that Beckett was exclusively concerned with the Cartesian imperative of clarity and order, the fundamental dualism between body and mind, and Nominalism.
Together with the assumption that Beckett’s vision was essentially Cartesian, his literary filiation with Pascal was suggested by critics, but only in terms of Beckett’s formal approach to the theatre. In his short article on En attendant Godot in 1953, the playwright Jean Anouilh was among the first reviewers to suggest that Beckett’s drama synthesizes the encounter between ‘classicism’ and a ‘modern’ form of art. It is well known that Beckett retained a lifelong admiration for Pascal – indeed, Pascal was one of his ‘old chestnuts’ (Knowlson 1997: 653). Little attention has been paid, however, to the originality of Pascal’s thought, the specific nature of his prose, and the impact these might have had upon Beckett’s mature work, especially the trilogy and the subsequent short prose. Yet, in the literary and philosophical context of post-war France, Beckett’s filiation with Pascal, their corresponding preoccupations, were evident to his contemporaries, who identified Pascal as an underlying presence in his works
Sabil and Wikala of Dhul Fiqar Oda Bashi
No full textinterior, courtyard, "Vue de l'Okel Zoulfiqar," color plate XLIV of Pascal Coste's "Architecture arabe; ou, Monuments du Kaire, mesurés et dessinés, de 1818 à 1826", 1818-182
First person - Aude Pascal
No full textInternational audienceFirst Person is a series of interviews with the first authors of a selection of papers published in Journal of Cell Science, helping early-career researchers promote themselves alongside their papers. Aude Pascal is first author on `Annexin A2 and Ahnak control cortical NuMA-dynein localization and mitotic spindle orientation', published in JCS. Aude is a research assistant in the lab of Re ' gis Giet at University of Rennes, France, who is particularly interested in developmental biology. She has always been struck by the fact that a whole organism displaying multiple functions arises from a single cell. For this reason, she has oriented her research on mitosis and meiosis to study the different steps, components and structures involved in these processes
Pascal Tutorial, 1987
No full textThere exists a limited number of tutorials for the Pascal programming language using the Apple Computer. The demand for these tutorials exceeds the supply. In this thesis an attempt was made to rectify this shortage by designing a Pascal tutorial for the Apple computer. This Pascal tutorial is designed to assist with instructing an introductory computer programming course in Pascal, incorporating Apple Superpilot as the authoring language. Emphasis is placed on making the program "user friendly." A person with no previous programming experience should be able to easily execute this tutorial. The information presented as the subject matter of the tutorial will follow the guidelines recommended by the Association for Computing Machinery
Architecture arabe; ou, Monuments du Kaire, mesurés et dessinés, de 1818 à 1826
No full textgeneral view, "Vue des Tombeaux au Nord-Est de la Ville," color plate LXIII of Pascal Coste's "Architecture arabe; ou, Monuments du Kaire, mesurés et dessinés, de 1818 à 1826", 1818-182
Gamia el-Muaiyad
No full textinterior, qibla wall, "Vue de la Niche du Sanctuaire et de la Chaire de la Mosquee el Moyed"," color plate XXVIII of Pascal Coste's "Architecture arabe; ou, Monuments du Kaire, mesurés et dessinés, de 1818 à 1826", 1818-182
- …
