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Full-Text Articles in Social and Behavioral Sciences
Taylor-Based Monetary Policy Rules: Are They Forward-Looking, Data Congruent, And Asset Price Responsive?, Rajeev Sooreea
Taylor-Based Monetary Policy Rules: Are They Forward-Looking, Data Congruent, And Asset Price Responsive?, Rajeev Sooreea
Dissertations
This dissertation presents three essays to analyze a class of Taylor-based monetary policy rules that forms the basis of contemporary monetary policy decisions. The first essay examines whether policy rules are forward-looking. It proposes the methodology that, if the parameters of the Taylor rule change when the mechanism generating inflation changes, that is the Lucas critique applies, then inflation is not superexogenous for the parameters of the rule. In this case where superexogeneity fails, the rule is forward-looking. However, the results indicate that, although there is structural break in the inflation volatility process as evidenced by a model of heteroskedastic …
Essays On Monetary Policy In Bangladesh, Sayera Younus
Essays On Monetary Policy In Bangladesh, Sayera Younus
Dissertations
No abstract provided.
Three Essays On Financial Intermediation, Capital Formation, And Economic Growth And Development, Md. Habibur Rahman
Three Essays On Financial Intermediation, Capital Formation, And Economic Growth And Development, Md. Habibur Rahman
Dissertations
This dissertation contains three essays on financial intermediation, capital formation, and economic growth and development. The first essay presents a theoretical model explaining the role of financial intermediation in capital formation and economic growth. It outlines a model of search and matching equilibrium in financial economies where a lender owns capital and an entrepreneur owns entrepreneurial skill and output is produced when search generates a meeting between a lender and an entrepreneur. It is shown that investment in capital and skill is inefficient in autarky due to search frictions and an externality. We examine the autarkic equilibrium under bargaining-without-search and …
Foreign Direct Investment In Developing Countries: Uncertainty, Trade And Welfare, Adugna Lemi
Foreign Direct Investment In Developing Countries: Uncertainty, Trade And Welfare, Adugna Lemi
Dissertations
The objectives of this three-essay thesis are first, to analyze the role of economic and political uncertainty in affecting FDI flows; second, to test competing hypotheses that explain the determinants of sales of affiliates of U.S. multinational firms to alternative destinations; and third, to investigate the welfare impact of FDI flow on local firms in a host country. These issues are interrelated, as uncertainty is one of the main impediments in developing countries to attract foreign direct investment, and uncertainty in turn affects business practices of foreign affiliates in a host country. The combined effects of uncertainty and business practices …
An Analysis Of The Level Of Union Membership In The United States Since The Implementation Of Nafta, David D. Westcot
An Analysis Of The Level Of Union Membership In The United States Since The Implementation Of Nafta, David D. Westcot
Dissertations
Union membership in the United States has been in a state of decline over the last two decades and international trade has been cited as one of the reasons. As such, U.S. labor unions perceived the 1994 implementation of the North American Free Trade Agreement (NAFTA) as an assault on organized labor. This perspective is based on the belief U.S. capital and jobs would move jobs south in an effort to take advantage of Mexico's low-wage differentials. With this in mind, the objective of this research was to determine if the percentage of union membership in any of the 22 …
Contagious Currency Crises, Fasika Damte Haile
Contagious Currency Crises, Fasika Damte Haile
Dissertations
Currency crises, prior to the 1990s, were thought to be the result of inconsistencies between domestic macroeconomic policies and the exchange rate commitment. But the collapse of the European Exchange Rate Mechanism in 1992, the 1997 Asian crisis and the most recent crisis in Latin America have shifted the focus to models based on self-fulfilling expectations and on contagion. This has resulted in the development of different theoretical models suggesting different mechanisms by which contagion works. But there is still relatively little empirical consensus on how crises spread across countries. My dissertation is intended to fill in the void by …