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Money And Monetary Policy In The Eurozone: An Empirical Analysis During Crises, Jonathan Benchimol, André Fourçans 2016 Bank of Israel

Money And Monetary Policy In The Eurozone: An Empirical Analysis During Crises, Jonathan Benchimol, André Fourçans

Jonathan Benchimol

This paper analyses the role of money and monetary policy as well as the forecasting performance of New Keynesian dynamic stochastic general equilibrium (DSGE) models with and without separability between consumption and money. The study is conducted over three crisis periods in the Eurozone, namely, the ERM crisis, the Dot-com crisis and the Global Financial Crisis (GFC). The results of successive Bayesian estimations demonstrate that during these crises, the non-separable model generally provides better out of sample output forecasts than the baseline model. We also demonstrate that money shocks have some impact on output variations during crises, especially in the ...


French Economic Stagnation, Karina Vasavada 2016 University of Puget Sound

French Economic Stagnation, Karina Vasavada

Economics Theses

This analysis explores the reasons behind French economic stagnation and discusses why this stagnant state is seemingly irrevocable. Based on a detailed look at the economic regime changes, market restructuring, and the resultant policy direction changes in France starting post-World War II, I contend that the reason for France’s current economic stagnation was their decision to join the EU, resulting in the shift away from dirigisme, a government interventionist economic approach, and toward a market oriented economy. While this assertion goes against the prevalent economic assumption that the market can efficiently govern itself, given the trajectory of the French ...


Delivering In Nairobi-And After, Andrea Spear, Mia Mikic 2016 United Nations ESCAP

Delivering In Nairobi-And After, Andrea Spear, Mia Mikic

Mia Mikic

Much hinges on the outcome of the World Trade Organization's Tenth Ministerial Conference in Nairobi in mid-December. The World Trade Organization (WTO) is marking the 20th anniversary of its establishment during the Uruguay Round, almost half a century after 23 countries set up its predecessor for trade in goods, the General Agreement on Tariffs and Trade (GATT). Yet the mood is far from celebratory. Admittedly, trade has not been helping the global economy much in recent times. The downbeat feeling, however, is more related to the question of the WTO's relevance, now and in future. The WTO was ...


The Political, Economic And Societal Challenges Encountered By Public School Systems In Developing Countries, Priyadarshani Joshi 2016 University of Pennsylvania

The Political, Economic And Societal Challenges Encountered By Public School Systems In Developing Countries, Priyadarshani Joshi

Priyadarshani Joshi

The paper analyzes the challenges and supports that mediate public schools’ ability to initiate reforms and productively respond to competition from private schools. An understanding of impediments can help policymakers better target their attention to the key bottlenecks and the most disadvantaged populations. I conduct a two-step mixed methods analysis. I first conduct qualitative analysis of interview data and descriptive statistics of principal perceptions to describe the barriers to reform that generally affect public schools more frequently than private schools. Then, I analyze whether the barriers (and supports) to reform can be systematically linked to the extent of privatization by ...


Workplace Deviance And Recession, Aniruddha Bagchi, Siddhartha Bandyopadhyay 2016 Kennesaw State University

Workplace Deviance And Recession, Aniruddha Bagchi, Siddhartha Bandyopadhyay

Aniruddha Bagchi

We examine the relationship between the incidence of workplace deviance (on-the-job crime) and the state of the economy. A worker's probability of future employment depends on whether she has been deviant as well as on the availability of jobs. Using a two period model we show that the net impact on deviant behavior to changes in unemployment can go either way depending upon the nature of the equilibrium. Two kinds of equilibria are possible. In one, a non-deviant's probability of being employed increases as expected market conditions improve which lowers the incentive to be a deviant. In contrast ...


Integrating Evaluative Thinking Into Organisational Practice: A Case Study Of Lutino Adunu In Uganda, Shilla Adyero 2016 SIT Graduate Institute

Integrating Evaluative Thinking Into Organisational Practice: A Case Study Of Lutino Adunu In Uganda, Shilla Adyero

Capstone Collection

Northern Uganda is still recovering from over two decades of civil war between the Government of Uganda and the Lord Resistance Army (LRA). The conflict created over 1.8 million Internally Displaced Persons (IDPs) who sought refuge in camps for 23 years. Around 80% of the affected population are mainly women and children. The displacement in the region caused large-scale loss of social and economic infrastructure, together with the productive resources. This contributed to the erosion of the social and financial capital of the affected areas population, forcing the population to depend on non-sustainable aid and relief services provided by ...


Can Capital-Energy Substitution Foster Economic Growth?, Itziar Lazkano, Linh Pham 2016 University of Wisconsin - Milwaukee

Can Capital-Energy Substitution Foster Economic Growth?, Itziar Lazkano, Linh Pham

Itzi Lazkano

This paper studies the ease of substitution between energy and other production inputs over time. We first develop a Solow growth model with energy where our general production function allows for a non-constant elasticity of substitution between production inputs. Our focus thus differs from previous work as we depart from the standard assumption of constant elasticity of substitution between production inputs. Our theoretical results show that the ease of substitution between capital and energy improves over time with energy intensity. We also find that the long-run growth rate directly depends on the speed at which the elasticity of substitution increases ...


Can Peers Improve Agricultural Revenue?, Tisorn Songsermsawas, Kathy Baylis, Ashwini Chhatre, Hope Michelson 2016 University of Illinois at Urbana-Champaign

Can Peers Improve Agricultural Revenue?, Tisorn Songsermsawas, Kathy Baylis, Ashwini Chhatre, Hope Michelson

Kathy Baylis

Crop revenues vary greatly among farmers and the source of that variation is not fully understood, even after controlling for factors including input use, technology adoption, and other agro-climatic factors. One hypothesis that may explain the variation in outcomes among farmers is differential access to information through peers. Using a household survey from India containing detailed information about personal relationships, we estimate peer effects on cash crop revenue using a novel spatial econometric technique to control for reflection. Our results show that 60% of farmers' revenue is explained by peers. Peer effects are particularly large in pesticide use and in ...


Better Work And Global Governance, Paul Alois 2016 Graduate Center, City University of New York

Better Work And Global Governance, Paul Alois

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

This dissertation is a case study of Better Work, a program run by the International Labor Organization and the International Finance Corporation. It aims to improve working conditions and productivity in the apparel industry. The purpose of this case study is to examine the role that international organizations can play in global governance. The research presented here comes from interviews, document analysis, and an examination of quantitative data on factories’ working conditions. In-person interviews were conducted in the United States, Switzerland, Vietnam, and Indonesia; many phone interviews took place with individuals in other countries. Both publicly available documents and internal ...


The Relative Impact Of Psychosocial Well-Being And Mental Health On The Relationship Between Economic Circumstance And Religiosity, Veronica Momjian 2016 Graduate Center, City University of New York

The Relative Impact Of Psychosocial Well-Being And Mental Health On The Relationship Between Economic Circumstance And Religiosity, Veronica Momjian

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

Employing Norris and Inglehart’s concept of existential security as a theoretical framework, this dissertation utilizes three data points from the Americans’ Changing Lives study (1986, 1994 and 2011) to interrogate the link between the economic circumstance and religiosity. More specifically, the mediating impact of psychosocial well-being and mental health on religiosity are explored.

This dissertation hypothesizes that individuals employ religious coping strategies to deal with the stress of economic uncertainty; and when that uncertainty subsides, so too does religiosity. The results of this study show that, on average, religiosity increases during times of economic instability, and decreases when the ...


The Effect Of Health Information Technology On Hospital Quality Of Care, Ruirui Sun 2016 Graduate Center, City University of New York

The Effect Of Health Information Technology On Hospital Quality Of Care, Ruirui Sun

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

Health Information Technology (Health IT) is designed to store patients’ records safely and clearly, to reduce input errors and missing records, and to make communications more efficiently. Concerned with the relatively lower adoption rate among the US hospitals compared to most developed countries, the Bush Administration set up the Office of National Coordinator for Health Information Technology in 2006 to mandate the Health IT implementation with $25.9 billion subsidies to eligible hospitals starting 2009. Underlying the huge subsidy is the belief that Health IT can reduce hospital cost by improving efficiency and quality, and can help reduce total health ...


Description Of The Albelda Clayton-Matthews/Iwpr 2016 Paid Family And Medical Leave Simulator Model, Alan Clayton-Matthews, Randy Albelda 2016 Northeastern University

Description Of The Albelda Clayton-Matthews/Iwpr 2016 Paid Family And Medical Leave Simulator Model, Alan Clayton-Matthews, Randy Albelda

Randy Albelda

The basic strategy behind our approach to estimating the cost of a paid leave program was to, as much as possible, base estimates of program costs on actual known leave-taking behavior, and where this was not possible, to estimate a range of program costs reflecting a range of reasonable assumptions about unknown aspects of behavior in the presence of a paid leave program. We wanted to be able to estimate the sensitivity of program costs estimates to these assumptions. We also wanted to be able to analyze the distribution of program benefits by demographic characteristics. Furthermore, we wanted to be ...


The Impact Of The 1990'S Economic Boom On Less Educated Workers In Rural America, Elizabeth E. Davis, Stacie Bosley 2016 University of Minnesota - Twin Cities

The Impact Of The 1990'S Economic Boom On Less Educated Workers In Rural America, Elizabeth E. Davis, Stacie Bosley

Stacie Bosley

This study uses National Longitudinal Survey of Youth (NLSY79) data to investigate whether the effect of local labor market conditions on the earnings of workers differs by gender, education level, or metropolitan/nonmetropolitan location. The results suggest that local economic conditions in the late 1990s did have a positive effect overall on wages for men with no more than a high school degree and for women regardless of education. Further, there is evidence of a difference between metro and nonmetro labor markets, suggesting that the 1990s boom helped urban less-educated workers but not those in rural areas. The metro-nonmetro difference ...


Induced Uncertainty, Market Price Of Risk, And The Dynamics Of Consumption And Wealth, Yulei Luo, Eric R. Young 2016 The University of Hong Kong

Induced Uncertainty, Market Price Of Risk, And The Dynamics Of Consumption And Wealth, Yulei Luo, Eric R. Young

Yulei Luo

In this paper we examine the implications of model uncertainty or robustness (RB) for consumption and saving and the market price of uncertainty under limited information-processing capacity (rational inattention or RI). First, we show that RI by itself creates an additional demand for robustness that leads to higher “induced uncertainty” facing consumers. Second, if we allow capacity to be elastic, RB increases the optimal level of attention. Third, we explore how the induced uncertainty composed of (i) model uncertainty due to RB and (ii) state uncertainty due to RI, affects consumption and wealth dynamics, the market price of uncertainty, and ...


Air Pollution, Temperature And Cognitive Performance In The Short Run: Evidence From Women’S Ability To Recall Dates, Ke Yang 2016 University of San Francisco

Air Pollution, Temperature And Cognitive Performance In The Short Run: Evidence From Women’S Ability To Recall Dates, Ke Yang

Master's Theses

Abstract: Cognitive performance is important to productivity across many fields and potentially correlated to air pollution and extreme temperatures. We study the effects of daily ambient air pollution and monthly temperature on women’s ability of recalling dates across 42 developing countries from 1997 to 2009. We use an estimated natural air pollution data, and calculate the AQI to get an aggregate effect of air pollution. We find that one standard deviation increase in the AQI leads to a statistical decrease in women’s probability to recall dates such as birthdays, marriage date or children’s birthdays by 0.44 ...


Air Pollution And Fetal Loss In The Global Tropics, Shuqiao Cheng 2016 University of San Francisco

Air Pollution And Fetal Loss In The Global Tropics, Shuqiao Cheng

Master's Theses

Abstract: Recent work has shown that in-utero air pollution has negative effects on both contemporaneous birth outcomes and long-term human capital outcomes. However, only a few studies explore the effects of in-utero exposure to air pollution on fetal loss, and none of the studies has been done in developing countries. In this study, we examine the impact of naturally caused CO and PM 2.5 on reproductive outcomes in 40 developing countries from 1997 to 2009. We present childbirths and birth gender as measures for potential fetal losses. The richest model identified using variation in pollution between pregnancies with controlling ...


Tripartism And Economic Reforms In Singapore And South Korea, Sarosh Kuruvilla, Mingwei Liu 2016 Cornell University

Tripartism And Economic Reforms In Singapore And South Korea, Sarosh Kuruvilla, Mingwei Liu

Sarosh Kuruvilla

[Excerpt] The purpose of this paper is to examine the impact of peak-level tripartism on economic reforms in Singapore and South Korea. Specifically, the paper attempts to answer the question of whether tripartism alters the pace, the sequence, the mix, or the content of economic reforms or the environment in which the reforms are implemented. It also seeks to obtain evidence on the impact of tripartism on specific measurable outcomes.


Swedish Professionals And Gender Inequalities, Charles W. Mueller, Sarosh Kuruvilla, Roderick D. Iverson 2016 University of Iowa

Swedish Professionals And Gender Inequalities, Charles W. Mueller, Sarosh Kuruvilla, Roderick D. Iverson

Sarosh Kuruvilla

The match of ideology and policy regarding gender equality in a corporatist society like Sweden should result in reduced gender inequality in access to supervisory authority and in earnings. The magnitude and form of this inequality is studied for a national sample of 1,359 full-time members of the professional union SACO in 1987-88. We find that Swedish professional women have only 68% of the supervisory positions that men have and 77% of the earnings that men have. These differences are not explained by process differences; human capital, family status, and structural variables generally produce access to authority and earnings ...


Industrial Dispute Resolution In India In Theory And Practice, Paul Lansing, Sarosh Kuruvilla 2016 University of Iowa

Industrial Dispute Resolution In India In Theory And Practice, Paul Lansing, Sarosh Kuruvilla

Sarosh Kuruvilla

[Excerpt] The recent tragic incident at the Union Carbide Plant in Bhopal, India has focused international attention on some of the problems of industrialization in developing countries. Of particular interest has been the issue of whether the cases filed against Union Carbide should be tried in Indian or American courts. Disputes of this nature indicate the increasing necessity for world-wide comprehension of the laws and regulations governing industry in developing countries, particularly for the developed economies that invest in countries with developing economies.

India is one example of a developing economy that has recently opened its doors to international investment ...


Globalization, Sarosh Kuruvilla, Tashlin Lakhani 2016 Cornell University

Globalization, Sarosh Kuruvilla, Tashlin Lakhani

Sarosh Kuruvilla

[Excerpt] While the chapters in the previous section examined employment relations in different national contexts, in this chapter we focus on employment relations in the international or global context. We begin by outlining different perspectives on globalization and examine how globalization has evolved over time. Based on this discussion, we provide a definition of globalization which best accounts for contemporary patterns of global interdependence. We then provide a brief overview of the arguments for and against globalization and discuss the implications that economic globalization presents for employment relations.


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