Identifying Government Spending Shocks: It's All in the Timing , revised October 2009. Presentation

Defense News Shocks, 1939-2008: Estimates Based on News Sources , October 2009.

The Cyclical Behavior of the Price-Cost Markup with Christopher J. Nekarda, revised September 2009 Supplemental Appendix

The Rug Rat Race with Garey Ramey, revised August 2009. Presentation

Oil Shocks, Segment Shifts and Capacity Utilization in the U.S. Automobile Industry: What Has Changed in 30 Years? with Daniel J. Vine, May 2009.

How Much has Leisure Really Increased Since 1965? January 2007

Ramey & Ramey Response to Chatterjee-Shukayev "Are Average Growth Rate and Volatility Related?" September 2006

Tracking the Source of the Decline in GDP Volatility: An Analysis of the Automobile Industry with Daniel J. Vine, Revised March 11, 2004
A shorter version of this paper appeared in the December 2006 American Economic Review.

Market Responses to Interindustry Wage Differentials with George J. Borjas, July 2000

Capital Churning with Matthew D. Shapiro, July 1998

Technology Commitment and the Cost of Business Cycles with Garey Ramey June 1991

(Note: This is the paper we originally submitted to the AER. The first half presents a theory showing how technology commitment and endogenous growth imply a high cost of business cycles. The second half analyzes the relationship between growth and volatility in U.S. time series data. The requested revision, which asked us to eliminate the theory and present cross-country evidence, is the paper published in 1995 under the title "Cross-Country Evidence on the Link between Volatility and Growth.")

Unpublished quarterly BLS data on hours and employment by sector, as well as the entire economy, 1947q1 - 2008q4.
(This updates some of the key input series used by Francis-Ramey "Measures of Hours per Capita" in the September 2009 JMCB)

Data for "Time Spent in Home Production in the 20th Century United States: New Estimates from Old Data" The Journal of Economic History March 2009.

Data for Valerie Ramey and Neville Francis "A Century of Work and Leisure" AEJ Macroeconomics July 2009.

Data for Francis-Ramey "New Measures of Hours Per Capita" Journal of Money, Credit, and Banking September 2009

Data for Ramey & Ramey Cross-Country Volatility Study (AER Dec. 1995)

Weekly Plant Level Auto Data from Ramey-Vine

Monthly Plant Level Auto Data Ramey-Vine (December 2006 AER)

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