Research economist. Only my own views. My personal research website can be found here: https://xitter.cf/t.co/qSXV9vN3ys
Washington, DC
Joined February 2009
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Robert Kurtzman retweeted
A declining role of goods production in the U.S. economy has long been a topic of intense policy and research focus. But goods production remains more important than narrow measures might suggest. (1/2) federalreserve.gov/econres/n…
ALT Figure 1. Measures showing declining importance of goods production
Robert Kurtzman retweeted
Considering official and alternative data sources for measuring and projecting the role of US manufacturing in the global semiconductor manufacturing industry, from David M. Byrne, @robertkurtzman, and @heidilwilliams_ nber.org/papers/w35779
New paper: Estimating Aggregate Data Center Investment with Project-level Data.
We use project-level plans—as opposed to lagged aggregates—to nowcast and forecast U.S. data-center investment.
federalreserve.gov/econres/f… (1/12)
Core takeaway: project-level planning data allow real-time measurement of investment at inflection points—well before changes appear in aggregate statistics. (11/12)
It’s nice to see my paper (with David Glancy and Lara Loewenstein), “Shovel Ready Projects and Commercial Construction Activity’s Long and Variable Lags,” published as a JUE Insight in the Journal of Urban Economics. (1/6)
We test this mechanism in the cross-section using a local projections method and find that MSAs with larger planning stocks exhibit markedly stronger near-term construction responses to property price growth, in line with the model’s prediction. (5/6)
Published version:
sciencedirect.com/science/ar…
Earlier Federal Reserve working paper version:
federalreserve.gov/econres/f…