This paper documents large differences across vintages in the properties of the widely-used quarterly utilization-adjusted TFP series produced by Fernald (2014), who provides updated data each quarter on his website. The most recent vintage of the adjusted TFP series has correlations with earlier vintages of the series that are less than 0.6. Compared to earlier vintages, the most recent vintag...

The authors propose a new method for estimating the power-law exponents of firm size variables. Their focus is on how to empirically identify a range in which a firm size variable follows a power-law distribution. On the one hand, as is well known a firm size variable follows a power-law distribution only beyond some threshold. On the other hand, in almost all empirical exercises, the right end...

Toon Ruang-areerate 1 , Pimmada Jeamwattanalert 2 , Wuttikorn Rodkvamtook 1 , Allen L. 3 Richards 3 , Piyanate Sunyakumthorn 4 and Jariyanart Gaywee 1 4 5 Research Division 1 , and Department of Enterics Disease 2 , Armed Forces Research Institute 6 of Medical Science, Bangkok 10400, Thailand; Viral and Rickettsial Diseases Department, 7 U.S. Naval Medical Research Center, Silver Spring, MD 209...

The authors describe the principal results obtained from a new method applied to the estimation of potential U.S. GDP. This method derives from the work of Rennison (2002), which suggests that the joint use of extended multivariate filters and structural vector autoregression models is optimal for estimating potential output. The authors use this approach to estimate the two components of poten...

We combine a morphological description with a multigene analysis to assess the phylogenetic placement of a poorly known amoeboid taxon Corallomyxa within the eukaryotic tree of life. A detailed morphological analysis including transmission electron microscopy and light microscopy of Corallomyxa sp. ATCC 50975 demonstrates that this isolate is a new species, herein designated, Corallomyxa tenera...

We study a newly designed survey administered to large panel of wealthy retail investors. The elicits beliefs that are important for macroeconomics and finance, matches respondents with administrative data on their portfolio composition, trading activity, login behavior. establish five facts inthese data. (i) Beliefs reflected in allocations. sensitivity portfolios is small average, but varies ...