Abstract
Following the great recession of 2008, there was a significant increase in unemployment in the United States. As a result, the U.S. Federal Reserve pursued with renewed vigor, its dual mandate of maximum employment and stable prices as required by the Federal Reserve Act of 1913 and its subsequent amendment in 1977
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Notes
- 1.
Mishkin (2007).
- 2.
- 3.
- 4.
- 5.
- 6.
Seidel (2012).
- 7.
Obama (2010).
- 8.
Serchuk (2009).
- 9.
Weild and Kim (2010)
- 10.
Seidel (2012).
- 11.
AUTM (2011).
- 12.
Gross (2003).
- 13.
- 14.
Geroski (2009).
- 15.
Ventresca (2012).
- 16.
Gross (2003).
- 17.
Granovetter (1973).
- 18.
Ventresca (2012).
- 19.
USPTO (Wikipedia 2012).
- 20.
- 21.
The estimate for the increase in the number of patent examiners needed to reduce USPTO backlog from 36 to 3.6 months, or 10× the current number of examiners, multiplied by an average salary of $70 K per examiner e.g., 10× 6,242×$70,000 = $4.37B p.a.
- 22.
Peter Merrill et al. (2012) Is it time for the U.S. to consider a patent box? PWC, Tax Notes, March 26th 2012.
- 23.
Wikipedia (2012).
- 24.
Based on AUTM data for year 2010, which tabulated sponsored research expenditures at 183 research institutions at $59.1B and number of new patents filed at 12,281 for the year, yielding $59,100,000,000(sponsored research)/12,281 (patent applications)Â =Â $4.812Â M/patent application.
- 25.
AUTM (2010).
- 26.
Capital IQ (2012).
- 27.
Geroski (2009).
- 28.
Ventresca (2012).
- 29.
 Ventresca (2012).
- 30.
Luhby (2009).
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Gross, C.M. (2013). The Technology Transfer Ecosystem. In: Too Good To Fail. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-319-00281-1_2
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