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Macroeconomic Stabilization When The Natural Real Interest Rate Is Falling, Sebastien Buttet, Udayan Roy

Publications and Research

The authors modify the Dynamic Aggregate Demand–Dynamic Aggregate Supply model in Mankiw’s widely-used intermediate macroeconomics textbook to discuss monetary policy when the natural real interest rate is falling over time. Their results highlight a new role for the central bank’s inflation target as a tool of macroeconomic stabilization. They show that even when the zero lower bound is not binding, a prudent central bank will need to match every decrease in the natural real interest rate with an equal increase in the target rate of inflation in order to stabilize the risk of the economy falling into a deflationary spiral, …

Cuba's Agricultural Transformations, Armando Nova Gonzalez, Mario A. Gonzalez-Corzo

Publications and Research

The Cuban government has implemented a series of agricultural transformations since 2007 to increase the country’s agricultural self-sufficiency and reduce its dependency on food imports. These include the transfer (in usufruct) of State-owned land to non-State producers (e.g. cooperatives and private farmers), moderate price reforms, the decentralization of decision making, and the gradual relaxation of existing forms of agricultural commercialization. As a result of these measures, the area planted, as well as physical output and agricultural yields (in selected non-sugar crop categories) have shown mixed results, but still remain below desired levels. There are three (3) fundamental unresolved aspects that …

Políticas De Precios Y Comercialización Agrícola Durante La Transición: Experiencias Y Lecciones Para Cuba, Mario A. Gonzalez-Corzo

Publications and Research

Las políticas de precios y comercialización de productos agrícolas desempeñaron un importante papel durante las transiciones en los antiguos países socialistas. Estas transiciones agrícolas primordialmente se caracterizaron por el desmantelamiento, en algunos casos como China y Vietnam de forma gradual y calibrada y en otros de forma acelerada como en algunos países de Europa del Este y la Unión Soviética, del colectivismo, los subsidios estatales y los controles de precios y por mayores grados de participación de actores no-estatales en la comercialización de productos agrícolas. A pesar de notables diferencias estructurales y coyunturales, las experiencias de los antiguos países socialistas …

Effects Of Divorce Risk On Women's Labor Supply And Human Capital Investment, Kristin Mammen

Publications and Research

This paper examines the effects of the divorce law liberalization of the early 1970s on the increase in divorce rates during the same time period. A review of the evidence suggests that the law changes were not a major driver of the divorce rates; but the policy changes appear to have affected behavior even for those who did not divorce. The results here suggest that as they saw the laws changing, young women in the divorce reform states redirected some of their investments from marriage to their own human capital. The perceived increase in the probability of divorce motivated women …

White Paper On Research Opportunities And Cuny Library Faculty: The Need For Annual Leave Parity, Psc Cuny Library Faculty Committee (2014-­2015), Jay H. Bernstein, Jill Cirasella, John A. Drobnicki, Francine Egger-Sider, Lisa Ellis, Robert Farrell, William Gargan, Bonnie Nelson, Mariana Regalado, Sharon Swacker, Tess Tobin

Publications and Research

This White Paper provides an exposition and analysis of how annual leave disparity has arisen for Library Faculty at the City University of New York (CUNY) as compared to other CUNY faculty, its effects on librarians, and what a positive solution to the problem would look like.

Negative Externalities, Network Effects, And Compatibility, Matthew G. Nagler

Publications and Research

Positive network effects arise where incremental product use increases the utility of users of compatible products (user-positive effects), but also in situations where product use imposes negative externalities that selectively affect the adopters of incompatible alternatives (nonuser-negative effects). This paper compares the social optimality of firms’ incentives for compatibility under these two regimes. Using a “location” model of differentiated products, I find that, under both regimes, incentives for unilateral action to increase compatibility tend to be suboptimal when firms’ networks are close in size, but they may be excessive for small firms when networks differ greatly in size. The result …

Resistance, Acquiescence Or Incorporation? An Introduction To Land Grabbing And Political Reactions ‘From Below’, Marc Edelman, Ruth Hall, Saturnino M. Borras Jr., Ian Scoones, Ben White, Wendy Wolford

Publications and Research

Political reactions ‘from below’ to global land grabbing have been vastly more varied and complex than is usually assumed. This essay introduces a collection of ground- breaking studies that discuss responses that range from various types of organized and everyday resistance to demands for incorporation or for better terms of incorporation into land deals. Initiatives ‘from below’ in response to land deals have involved local and transnational alliances and the use of legal and extra-legal methods, and have brought victories and defeats. The relevance of political reactions to land grabbing is discussed in light of theories of social movements and …

O Espaço Como Palavra-Chave / Space As A Keyword, David Harvey

Publications and Research

Neste artigo, David Harvey discute teoricamente “espaço” como uma palavra-chave, associando a visão tripartite espaço absoluto-relativo-relacional com a leitura lefebvreana dos espaços percebido, concebido e vivido (também denominados espaços material ou experimentado, conceitualizado e da representação).

David Harvey in this article discuss theoretically “space”as a keyword, by associating the tripartite approach absolute-relative-relational space with Lefebvre’s view of perceived, conceived andlived spaces (also called material or experienced space, conceptua-lized space and spaces of representation

Heteroskedasticity Of Unknown Form In Spatial Autoregressive Models With A Moving Average Disturbance Term, Osman Dogan

Publications and Research

In this study, I investigate the necessary condition for the consistency of the maximum likelihood estimator (MLE) of spatial models with a spatial moving average process in the disturbance term. I show that the MLE of spatial autoregressive and spatial moving average parameters is generally inconsistent when heteroskedasticity is not considered in the estimation. I also show that the MLE of parameters of exogenous variables is inconsistent and determine its asymptotic bias. I provide simulation results to evaluate the performance of the MLE. The simulation results indicate that the MLE imposes a substantial amount of bias on both autoregressive and …

Capstone Interdisciplinary Team Project: A Requirement For The Ms In Sustainability Degree, Latif M. Jiji, Irvin Sam Schonfeld, George A. Smith

Publications and Research

Purpose – This paper aims to describe experience gained with a required six-credit year-long course, the Capstone Interdisciplinary Team Project, a key component of the Master of Science (MS) in Sustainability degree at the City College of New York. A common feature of sustainability problems is their interdisciplinary nature. Solutions to sustainability problems often require professionals with different training and backgrounds to work as a team. A sustainability curriculum should provide students with the skills needed to competently participate in an interdisciplinary team.

Design/methodology/approach – Instructors drawn from different departments and divisions of the college developed a pool of sustainability-focused …