Now showing items 1-2 of 2

    • Capital Utilization and Returns to Scale 

      Burnside, A Craig; Eichenbaum, Martin; Rebelo, Sergio T (1995)
      This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five ...
    • The Returns to Currency Speculation 

      Burnside, A Craig; Eichenbaum, Martin; Kleshchelski, Isaac; Rebelo, Sergio T (2006)
      Currencies that are at a forward premium tend to depreciate. This `forward-premium puzzle` represents an egregious deviation from uncovered interest parity. We document the properties of returns to currency speculation strategies ...