Best Selling Books by David Weiss

Peter Fischli and David Weiss were Switzerland''s most renowned artistic duo. Executed in a variety of media, including sculpture, film and photography, their work playfully ignores the distinction between high and low art. This book focuses on their series of airport photograph, which began in 1988.

There is a strong correlation between the corporate interest rate (BAA rated), and its spread relative to Treasuries, and the unemployment rate. We model how interest rates and potential default rates impact equilibrium unemployment in a Diamond-Mortesen-Pissarides model. We calibrate the model using US data without targeting business cycle statistics. Volatility in the corporate interest rate can explain about 80% of the volatility of unemployment, vacancies, and market tightness. Simulating the Great Recession shows the model can account for much of the rise in unemployment. Without Fed action, unemployment would have been 6% higher.

Based on the life of Isadora Duncan.