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Full-Text Articles in Social and Behavioral Sciences

The “Price Puzzle” Under Changing Monetary Policy Regimes, Andre V. Mollick, Adolfo Sachsida Dec 2012

The “Price Puzzle” Under Changing Monetary Policy Regimes, Andre V. Mollick, Adolfo Sachsida

Economics and Finance Faculty Publications and Presentations

This paper examines the “price puzzle”, the rise in the price level following a contractionary monetary policy shock, using monthly US data from 1960 to 2006. Deviating from the standard practice is including commodity prices to “solve the puzzle”, our benchmark VAR contains output, prices, the federal funds rate and M1 money stock, while the augmented VAR includes the 10-year long bond yield. Splitting the sample at October of 1979, we find very contrasting patterns and rationalize them under the changing relationship between money and the funds rate across periods. First, the price puzzle is confined to the pre-Volcker period. …


The Recent Moderation In Workers' Compensation Costs In Michigan And The Nation, John Burton, H. Hunt, Alan Krueger Nov 2012

The Recent Moderation In Workers' Compensation Costs In Michigan And The Nation, John Burton, H. Hunt, Alan Krueger

H. Allan Hunt

No abstract provided.


Testimony Of H. Allan Hunt, Ph.D.: [Hearing On "Examining The Federal Employees' Compensation Act And Its Benefits For Workers"], H. Allan Hunt Nov 2012

Testimony Of H. Allan Hunt, Ph.D.: [Hearing On "Examining The Federal Employees' Compensation Act And Its Benefits For Workers"], H. Allan Hunt

H. Allan Hunt

No abstract provided.


Basel Iii And Credit Risk Measurement: Variations Among G20 Countries, Matt Schlickenmaier Nov 2012

Basel Iii And Credit Risk Measurement: Variations Among G20 Countries, Matt Schlickenmaier

San Diego International Law Journal

Most countries require banks to hold extra capital to protect against unforeseen financial calamities; banks with riskier loans must hold more capital than those with safer loans. Basel II, a set of international banking standards, allows banks to measure a loan’s risk in different ways: some banks make their own judgments; others use outside agencies. The recent mortgage crisis prompted banks to reevaluate these methods, in part due to banks having failed to perceive the high level of risk inherent in securitized mortgages. The international community’s response was Basel III, an updated version of its previous standards. This Comment will …


The American University: Dilemmas And Directions, Ronald G. Ehrenberg Oct 2012

The American University: Dilemmas And Directions, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] American research universities clearly are national treasures. Over the past decade, however, these institutions have increasingly come under attack for a wide variety of alleged sins. Further, their economic bases are increasingly being eroded because of budget problems at federal and state levels, coupled with increased demand for resources to meet competing social needs, such as health care. Thus, although American universities are national treasures, many fear they are entering a period of decline and may well prove to be an endangered species. Why are research universities being attacked, and why are their supporters in both the private and …


Setting The Agenda: Asia And Latin America In The 21st Century, Ariel C. Armony Oct 2012

Setting The Agenda: Asia And Latin America In The 21st Century, Ariel C. Armony

Center for Latin American Studies Publications

Latin America and Asia are among the world’s fastest growing regions. Trade between Asia and Latin American and Caribbean countries has risen dramatically in recent years. It is undeniable that Asia now plays a formidable role in the economic development of the region. This publication emerges out of the University of Miami’s 2012 “Asia and Latin America in the 21st Century” conference, where leaders from academic, policy, business, and media communities from around the world convened to address the macroeconomic trends, trade relations, and sociopolitical trends that have emerged as the links between Asia and Latin America strengthen. Organized …


Part-Time And Short Hours In Retail In The United States, Canada, And Mexico: How Institutions Matter, Françoise Carré, Chris Tilly Oct 2012

Part-Time And Short Hours In Retail In The United States, Canada, And Mexico: How Institutions Matter, Françoise Carré, Chris Tilly

Employment Research Newsletter

No abstract provided.


The Pros And Cons Of Outsourcing, Angela Smith Oct 2012

The Pros And Cons Of Outsourcing, Angela Smith

UNLV Theses, Dissertations, Professional Papers, and Capstones

Outsourcing has become increasingly popular to the public since the mid-20th century and has become more controversial in the last decade. The United States economy has been under the microscope for the last 4 years due to an economic recession. Outsourcing has been a subject of interest that has been brought up numerous times by economists. Offshore outsourcing is the main type of outsourcing that is of concern in relation to the United States economy. This topic is highly debated because of the unemployment rate in America.


Analysis Of Bank Failure And Size Of Assets, Guancun Zhong Aug 2012

Analysis Of Bank Failure And Size Of Assets, Guancun Zhong

UNLV Theses, Dissertations, Professional Papers, and Capstones

The financial health of the banking industry is an important prerequisite for economic stability and growth. Bank failures in the United States have run in cycles largely associated with the collapse of economic bubbles. The number of bank failures has increased dramatically over the last thirty years (Halling and Hayden, 2007). In this thesis, we try to address the following two questions: 1) What is the relationship, if any, between a bank's asset size and its likelihood of failures? 2) How can we use statistical tools to predict the numbers of bank failures in the future? Various modeling techniques are …


A Theory Of Vertical Political Interaction In Cigarette Taxation, Khawaja Mamun Aug 2012

A Theory Of Vertical Political Interaction In Cigarette Taxation, Khawaja Mamun

WCBT Faculty Publications

This paper examines the political interdependence of federal and state cigarette tax rates. We develop a lobby group model where a state’s endogenous reaction to a federal cigarette tax hike depends crucially on the political responses of the cigarette producer and anti-smoking lobby groups.


The United States Credit Rating Downgrade: European Reaction, Brian Scott Roseman May 2012

The United States Credit Rating Downgrade: European Reaction, Brian Scott Roseman

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The purpose of this paper is to answer the important question of how investors viewed the debt obligations from European countries in reaction to the United States credit rating downgrade by Standard and Poor’s on August 5 2011. During this period there were a handful of countries in Europe that still had AAA ratings. This paper looks at the reaction of investors towards Europe, through the medium of Credit Default Swaps (CDSs). By analyzing the changes in CDS spreads, I am able to determine the perceptions of investors regarding the risk of European Sovereigns during the timeframe surrounding the U.S …


Moving Up In The New Economy: Career Ladders For U.S. Workers, Joan Fitzgerald Apr 2012

Moving Up In The New Economy: Career Ladders For U.S. Workers, Joan Fitzgerald

Joan Fitzgerald

[Excerpt] This book is about restoring the upward mobility of U.S. workers. Specifically it is about the one workforce-development strategy that is currently aimed at exactly that goal – the strategy of creating (or re-creating) not just jobs but also career ladders. Career-ladder strategies aim to devise explicit pathways of occupational advancement.


Teaching About Global Debt In Social Studies Classrooms, Anand Marri, Timothy Patterson, Scott Wylie Apr 2012

Teaching About Global Debt In Social Studies Classrooms, Anand Marri, Timothy Patterson, Scott Wylie

Education Faculty Publications

The article offers guidelines in teaching high school students about global debt in their social studies class in the U.S. It outlines various ways on how to infuse discussions about global debt into social studies classrooms which include connecting the topic of global debt on a student's personal finance, providing of instructional materials, and focusing on public policy dilemmas. The author suggests teaching students about global debt through student-centered pedagogy.


Short Hours, Long Hours: Hour Levels And Trends In The Retail Industry In The United States, Canada, And Mexico, Françoise Carré, Chris Tilly Apr 2012

Short Hours, Long Hours: Hour Levels And Trends In The Retail Industry In The United States, Canada, And Mexico, Françoise Carré, Chris Tilly

Upjohn Institute Working Papers

In settings where most workers have full-time schedules, hourly wages are appropriate primary indicators of job quality and worker outcomes. However, in sectors where full-time schedules do not dominate—primarily service-producing activities—total hours matter, in addition to hourly wages, for job quality and worker outcomes. In this paper we employ a sector-focused, comparative framework to further examine hours levels—measured as average weekly hours—and trends in Canada, the United States, and Mexico. We analyze the retail sector, which is of interest because of its high rate of part-time employment in the U.S. Based on our fieldwork in the United States and Mexico …


Work Hours In Retail: Room For Improvement, Françoise J. Carré, Chris Tilly Apr 2012

Work Hours In Retail: Room For Improvement, Françoise J. Carré, Chris Tilly

Upjohn Institute Policy Papers

With full-time jobs, hourly wages are appropriate primary indicators of job quality. However, in sectors where full-time schedules do not dominate, total hours matter for job quality and worker outcomes. We explored hour levels and trends in retail trade and its largest subsector, grocery stores. Retail is known for part-time and short shifts. With a comparison of retail hours in three countries—the United States, Canada, and Mexico—we contribute insights into aspects of the U.S. policy and regulatory systems that could be altered in order to improve retail jobs.


The U.S. Tax System: Where Do We Go From Here?, Adele C. Morris Mar 2012

The U.S. Tax System: Where Do We Go From Here?, Adele C. Morris

Brookings Scholar Lecture Series

This talk will explore how the U.S. tax system really works, where revenue comes from, where spending goes, what a tax expenditure is, and discuss deficit prognoses and how the recent political debates could affect our economy. The speaker will highlight some advantages and disadvantages of different budget balancing options.


What Lies Ahead For The Oecd?, Richard Woodward Feb 2012

What Lies Ahead For The Oecd?, Richard Woodward

Books/Book Chapters

The “rise of the rest” has prompted questions about the capacity and willingness of the United States to lead the liberal international order established under its post-war hegemony. Some prophesize that stronger connections amongst emerging powers are the basis for a parallel international order parading different rules, norms and institutions. In contrast, Ikenberry argues that the visionary use of US power has woven capitalist and democratic societies together into a uniquely entrenched “Western” order that is “hard to overturn and easy to join.” Prevailing arrangements will condition the environment within which rising powers make their decisions; nevertheless, by joining the …


[Review Of The Book Interwar Unemployment In International Perspective], George R. Boyer Jan 2012

[Review Of The Book Interwar Unemployment In International Perspective], George R. Boyer

George R. Boyer

[Excerpt] The book redresses two imbalances in the recent literature on interwar unemployment: its almost exclusive focus on the United States and Britain, and its predominantly macroeconomic nature. To achieve these goals, the editors encouraged the authors of the country studies to address a set of microeconomic issues, including the extent to which the incidence and duration of unemployment varied across economic and demographic groups, and the effect of unemployment on labor force participation and poverty. Two macroeconomic issues also are addressed in several of the papers: the effects of real wages and of unemployment insurance on unemployment. These two …


Part 4: Do We Have Enough Physicians In Hampton Roads?, Regional Studies Institute, Old Dominion University Jan 2012

Part 4: Do We Have Enough Physicians In Hampton Roads?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Hampton Roads will require approximately 1,000 additional physicians in 2025. If one-quarter of Eastern Virginia Medical School graduates remain in the region, then by 2025, EVMS will supply 504 of the needed physicians. The resulting shortage will affect physician availability, quality and pricing.


Impact Of The Great Recession On Middle Class Americans, Joseph Morreale, Julia Yeung Jan 2012

Impact Of The Great Recession On Middle Class Americans, Joseph Morreale, Julia Yeung

Student-Faculty Research Projects

This research paper studies the effect of the Great Recession (Late-2000s Recession) on middle-class Americans. It will analyze and cover the extent of the impact through evaluating data on several factors, such as the percent of the middle class in college, percent female participation rate, single parent households (female householder), middle class income, unemployment rate, and several other factors from the years 1970 to 2010. This research will offer insight into the extent of the Great Recession’s impact on the middle-class and identify which key factors had the most significant effect.


Health Insurance Exchanges: A Panacea Or A Band-Aid?, Luisa Sanchez De Tagle Jan 2012

Health Insurance Exchanges: A Panacea Or A Band-Aid?, Luisa Sanchez De Tagle

Electronic Theses and Dissertations

In 2010, the 111th Congress passed the first national health care reform in the United States, the Patient Protection and Affordable Care Act (ACA). This landmark legislation is intended to "fix" a health care system renowned for decreasing access and escalating costs. This paper examines one of the principal reforms in the ACA, the state health insurance exchanges. The author finds theoretical and empirical evidence to support the exchanges' potential (in conjunction with other relevant ACA reforms) to increase access, decrease insurers' excess profits and shift health care costs away from those least able to afford them. The exchanges fall …


Reconnecting To Work: Policies To Mitigate Long-Term Unemployment And Its Consequences, Lauren D. Appelbaum Editor Jan 2012

Reconnecting To Work: Policies To Mitigate Long-Term Unemployment And Its Consequences, Lauren D. Appelbaum Editor

Upjohn Press

The goal of this book is to enable a better understanding of the consequences of long-term unemployment and the policies that are needed to address it. The contributors present research that examines the psychological as well as economic consequences of experiencing a prolonged spell of joblessness. Included are discussions of policies to increase job creation and to get the long-term unemployed back into jobs.


The Health And Wealth Of A Nation: Employer-Based Health Insurance And The Affordable Care Act, Nan L. Maxwell Jan 2012

The Health And Wealth Of A Nation: Employer-Based Health Insurance And The Affordable Care Act, Nan L. Maxwell

Upjohn Press

This research examines the behaviors of firms with respect to their provision of health care prior to the Affordable Care Act (ACA) deliberations and uses those behaviors to assess changes in employer-sponsored health insurance that might occur once the ACA is fully implemented.


United States Sovereign Debt: A Thought Experiment On Default And Restructuring, Charles W. Mooney Jr. Jan 2012

United States Sovereign Debt: A Thought Experiment On Default And Restructuring, Charles W. Mooney Jr.

All Faculty Scholarship

This chapter adopts the working assumption that it is conceivable that at some time in the future it would be in the interest of the United States to restructure its sovereign debt (i.e., to reduce the principal amount). It addresses in particular U.S. Treasury Securities. The chapter first provides an overview of the intermediated, tiered holding system for book-entry Treasuries. For the first time the chapter then explores whether and how—logistically and legally—such a restructuring could be effected. It posits the sort of dire scenario that might make such a restructuring advantageous. It then outlines a novel scheme …