Browsing: spending

When the Federal Reserve sends mixed signals on rates, inflation holds at 3.5% and jobs data softens, it can feel like the ground is shifting under every stock. That uncertainty can punish some companies, yet it can also spotlight others that appear better placed to handle choppy policy moves. This article walks through three large…

Does the composition of public research and development (R&D) investment matter for productivity outcomes? By using a local projections method to estimate dynamic responses for macroeconomic productivity outcomes to changes in R&D composition, the authors present new evidence on this question. In particular, they find that increases to basic research spending generate the greatest returns,…