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Social and Behavioral Sciences Commons™
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Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
Stability Of The Euro-Demand Function, King Banaian, Artatrana Ratha
Stability Of The Euro-Demand Function, King Banaian, Artatrana Ratha
Economics Faculty Working Papers
While the empirical literature on money demand is vast by any standards, it is relatively silent when it comes to the Euro, a major currency in the world. This hampers efforts, for example, to determine whether or not the European Central Bank can target monetary aggregates for inflation control. The difficulty has come from the lack of information about euro-wide monetary behavior, relying instead on speculative techniques for aggregating country-level data from previous periods of the European exchange rate mechanism. Now that we have six years of monthly data points, we investigate the stability of various Euro-zone monetary aggregates using …
Effects Of Subsidies On Symphony Orchestra Repertoire, William A. Luksetich, Patricia A. Hughes
Effects Of Subsidies On Symphony Orchestra Repertoire, William A. Luksetich, Patricia A. Hughes
Economics Faculty Working Papers
No abstract provided.
Measuring Central Bank Independence: Ordering, Ranking, Or Scoring?, King Banaian
Measuring Central Bank Independence: Ordering, Ranking, Or Scoring?, King Banaian
Economics Faculty Working Papers
No abstract provided.
Does An Undervalued Currency Promote Growth? Evidence From China, Artatrana Ratha, Eungmin Kang, Mary Edwards
Does An Undervalued Currency Promote Growth? Evidence From China, Artatrana Ratha, Eungmin Kang, Mary Edwards
Economics Faculty Working Papers
Whether currency devaluation promotes growth remains an empirically open question. Coexistence of an undervalued currency and the world’s largest trade surplus alongside a booming economy makes China a unique case study. Using annual data over 1977-2006 and the relatively recent “bounds-testing approach” to cointegration and error-correction modeling, we estimate a reduced form model to investigate the exchange rate sensitivity of China’s real GDP. We find that currency devaluation is contractionary in China.
Leadership And Gender: An Experiment, Mana Komai, Philip Grossman
Leadership And Gender: An Experiment, Mana Komai, Philip Grossman
Economics Faculty Working Papers
We present an information based model of leadership in a setting that exhibits the familiar problems of free riding and coordination failure. Leaders have superior information about the value of the project in hand and can send a costly signal to their uninformed followers to persuade them to cooperate in the project. Followers voluntarily choose whether or not to follow the better informed leader. We provide experimental evidence that, when the leaders’ gender is revealed to their followers, female subjects hesitate to lead (send a costly signal) while followers’ behavior does not indicate any gender discrimination. Such behavior is not …