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Articles 1 - 9 of 9
Full-Text Articles in Economic Theory
Free Trade And Corporate Social Responsibility: Ethical Dilemmas In Global Economic Development, Sarah Papion
Free Trade And Corporate Social Responsibility: Ethical Dilemmas In Global Economic Development, Sarah Papion
Capstone Projects and Master's Theses
Through the lens of the free-trade-optimist, it is black and white: corporations bring jobs, and jobs equal a happy and healthy economy. A major oversight in this neoliberal Utopian ideology is that corporations are not in the business of building communities, nor do they have an interest in keeping their operations stationary enough to allow economic growth to occur over a span of years. Corporations abandon communities as quickly as they arrive to find their next cheap labor hub. Quite contradictory to the original purpose of free trade, economic growth in Free Trade Zones is not long term or secure. …
Essays In New Keynesian Monetary Policy, Tzu-Hao Huang
Essays In New Keynesian Monetary Policy, Tzu-Hao Huang
Dissertations, Theses, and Capstone Projects
The dissertation consists of three Chapters. I consider New Keynesian models which involve tradeoffs between output gap and inflation variances. Such policy strategy is often referred to as flexible inflation targeting rules (e.g., Lars Svensson 2011, pp.1238-95). Taylor rules, in general, have the symbolic expression 𝑖t=𝜑x𝑥t+𝜑𝜋𝜋t+𝜑g𝑔t, where 𝑖t is the nominal interest rate at period t, 𝑥t is the target variable output gap at period t, 𝜋t is the target variable inflation rate at period t, 𝑔t is realized shock …
Does Debt Matter?, Luhan Li
Does Debt Matter?, Luhan Li
Applied Economics Theses
National debt is a popular topic, since people have a lot of different views on national debt. For example, many people think that there is a positive relationship between national debt and GDP per capita. In other words, the national debt has also increased with the growth of GDP per capita. However, some people feel that there is an inverse relationship between them, so much so that the topic has been discussed. Based on my interest in this topic, I decided to discuss this question. This paper will discuss their influence and importance by analyzing national debt, GDP per capita, …
2008 Financial Crisis And The Deviation From The Taylor Rule, Uzoma H. Okoye
2008 Financial Crisis And The Deviation From The Taylor Rule, Uzoma H. Okoye
Honors College Theses
In this paper, we derive possible causes of the 2008 financial crisis, as well as provide evidence of a possible deviation from the Taylor rule by the Federal Reserve. This research draws up mostly primary sources such as published books and speeches by John B. Taylor himself, as well as articles from academic journals related to the topic. Other prior research tends to take a side on the argument as to whether the Federal Reserve deviated or not. This paper serves as a descriptive analysis of different sides of the argument to come up with suggestions regarding the Fed’s actions.
Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, Kyle Whitworth
Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, Kyle Whitworth
Theses
The European Union has been one of the greatest accomplishments of modern history. Through economic and political integration has ended centuries of warfare on the continent while producing the worlds largest trading bloc. Despite the initial success of the monetary union and its single currency, the Union has been bogged down economic troubles in the form of a debt crisis among several of the member states. The recovery period of the crisis has produced growth that is slow and uneven. Countries such as Germany has assumed the role of the economic powerhouse of Europe and therefore a political leader in …
Monetary Policy At The Zero Lower Bound: Implications Of High Costs Of Credit During A Recession, Louisa Kammerer
Monetary Policy At The Zero Lower Bound: Implications Of High Costs Of Credit During A Recession, Louisa Kammerer
Senior Theses and Projects
This paper examines the challenges policymaker (and firms) encounter when confronted by a recession at the zero lower bound, when traditional monetary policy is ineffective in the face of deteriorated balance sheets and high costs of credit. Within the larger body of literature, this paper focuses on the cost of credit during a recession, which constrains smaller firms from borrowing and investing, thus magnifying the contraction. Extending and revising a model originally developed by Walker (2010) and estimated by Pandey and Ramirez (2012), this study uses a Vector Error Correction Model to analyze the effects of relevant economic and financial …
The Specter Of Caste, Kabir Raj Khanna
The Specter Of Caste, Kabir Raj Khanna
Senior Projects Spring 2018
Senior Project submitted to The Division of Social Studies of Bard College.
The Zambian Consensus, Stefan Jan Briggs
The Zambian Consensus, Stefan Jan Briggs
Senior Projects Spring 2018
Senior Project submitted to The Division of Social Studies of Bard College.
The Arts In The United States: Can The Arts Become A Public Good?, Alexander Van Der Veen
The Arts In The United States: Can The Arts Become A Public Good?, Alexander Van Der Veen
Senior Projects Fall 2018
Senior Project submitted to The Division of Social Studies of Bard College.