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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 ...


The Travel Cost Model, George R. Parsons 2016 University of Delaware

The Travel Cost Model, George R. Parsons

George R. Parsons

Review chapter on travel cost model. This is an updated version of the 2003 chapter in the Primer on Nonmarket Valuation.


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 Noncompliant Behavior Explain Racial/Ethnic Disparities In The Use Of Force By The Nypd? An Econometric Analysis Of New York's Stop-And-Frisk, Omari-Khalid Rahman 2016 CUNY Hunter College

Can Noncompliant Behavior Explain Racial/Ethnic Disparities In The Use Of Force By The Nypd? An Econometric Analysis Of New York's Stop-And-Frisk, Omari-Khalid Rahman

School of Arts & Sciences Theses

This paper seeks to analyze spatiotemporal variations in NYPD policing patterns in an attempt to identify the causal mechanism(s) driving the observed racial/ethnic disparities; specifically, it addresses questions of how changing neighborhood demographics influence the decision-making of NYPD officers/precincts as it relates to their controversial Stop-and-Frisk policy.


Fapri 2008 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Jun Ruan, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Julian Binfield, D. Scott Brown, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack 2016 Iowa State University

Fapri 2008 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Jun Ruan, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Julian Binfield, D. Scott Brown, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack

Chad Hart

The FAPRI 2008 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic forecast developed by Global Insight.


Fapri 2007 U.S. And World Agricultural Outlook, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Frank Fuller, Chad Hart, Karen Kovarik, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Abner W. Womack, William H. Meyers, Julian Binfield, D. Scott Brown, John Kruse, Daniel Madison, Seth Meyer, Patrick C. Westhoff, Lori Wilcox 2016 Iowa State University

Fapri 2007 U.S. And World Agricultural Outlook, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Frank Fuller, Chad Hart, Karen Kovarik, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Abner W. Womack, William H. Meyers, Julian Binfield, D. Scott Brown, John Kruse, Daniel Madison, Seth Meyer, Patrick C. Westhoff, Lori Wilcox

Chad Hart

The FAPRI 2007 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic forecast developed by Global Insight.


Fapri 2000 U.S. Agricultural Outlook, Bruce A. Babcock, John C. Beghin, Samarendu Mohanty, Frank Fuller, Jacinto F. Fabiosa, Philip Kaus, Cheng Fang, Chad Hart, Karen Kovarik, Abner W. Womack, Robert E. Young II, Gregg Suhler, Patrick C. Westhoff, D. Scott Adams, Gary M. Adams, Brian Willott, Daniel Madison, Seth Meyer, John Kruse 2016 Iowa State University

Fapri 2000 U.S. Agricultural Outlook, Bruce A. Babcock, John C. Beghin, Samarendu Mohanty, Frank Fuller, Jacinto F. Fabiosa, Philip Kaus, Cheng Fang, Chad Hart, Karen Kovarik, Abner W. Womack, Robert E. Young Ii, Gregg Suhler, Patrick C. Westhoff, D. Scott Adams, Gary M. Adams, Brian Willott, Daniel Madison, Seth Meyer, John Kruse

Chad Hart

The Food and Agricultural Policy Research Institute (FAPRI), located at the University of Missouri and Iowa State University, develops long-term projections for world agriculture. The 10-year baseline results from a process that lasts several months. Initially, analysts from universities involved in the FAPRI consortium meet to determine the key assumptions that underlie the baseline. Based on these assumptions, preliminary projections are developed and then subjected to outside review. The last step is to incorporate comments from the reviewers, as well as any other changes, into the final baseline projections. Once the baseline is completed, FAPRI leaders travel to Washington, DC ...


The Long-Term Structure Of Commodity Futures, Na Jin, Sergio H. Lence, Chad Hart, Dermot J. Hayes 2016 Federal Home Loan Bank of Des Moines

The Long-Term Structure Of Commodity Futures, Na Jin, Sergio H. Lence, Chad Hart, Dermot J. Hayes

Chad Hart

Futures markets on agricultural commodities typically trade with maximum maturity dates of less than four years. If these markets did trade with maturities eight or ten years distant, futures prices would have value as price forecasts and as a way to structure long-term swaps and insurance contracts. Agricultural commodity markets generally exhibit mean reversion in spot prices and convenience yields. Spot markets also exhibit seasonality. This study develops and implements a procedure to generate long-term futures curves from existing futures prices. Data on lean hogs and soybeans are used to show that the method provides plausible results.


Price Expectations And Risk Profiles Drive Commodity Program Choices, Alejandro Plastina, Chad Hart 2016 Iowa State University

Price Expectations And Risk Profiles Drive Commodity Program Choices, Alejandro Plastina, Chad Hart

Chad Hart

The optimal commodity program choice depends as much on the specific production system in each farm as on the producer’s expectations about future yields and prices. Furthermore, the risk profile of producers will weigh heavily in the decision. This article illustrates the role of price expectations and risk profiles in commodity program choice using the ISU Farm Bill Analyzer.


Weather Adjusted Yield Trends For Corn: A Look At Iowa, Lisha Li, Dermot J. Hayes, Chad Hart 2016 Iowa State University

Weather Adjusted Yield Trends For Corn: A Look At Iowa, Lisha Li, Dermot J. Hayes, Chad Hart

Chad Hart

Yield growth in agricultural crops is of importance to those who make long-term projections of food availability and price levels. Menz and Pardey (1983) found that the trend growth in corn yields was lower in the 1970s than in the previous two decades. Tannura, Irwin, and Scott (2008) cited a number of crop experts and seed companies who believe that improved technology, particularity biotechnology, will increase the rate of yield growth in corn. Yu and Babcock (2010) found that percentage losses due to drought have been reduced over time, offsetting one of the major impediments to stronger yield growth. However ...


Fapri 2009 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Simla Tokgoz, Eric Wailes, Ed Chavez, Julian Binfield, D. Scott Browhn, Scott Gerlt, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack 2016 Iowa State University

Fapri 2009 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Simla Tokgoz, Eric Wailes, Ed Chavez, Julian Binfield, D. Scott Browhn, Scott Gerlt, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack

Chad Hart

The FAPRI 2009 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic forecast developed by IHS Global Insight.


Would Revenue Insurance Have Paid During The 1993 Flood?, Chad Hart, Darnell B. Smith 2016 Iowa State University

Would Revenue Insurance Have Paid During The 1993 Flood?, Chad Hart, Darnell B. Smith

Chad Hart

This year has seen the emergence of two new crop revenue insurance products: Income Protection (lP) and Crop Revenue Coverage (CRC). With emphasis on revenue, the new products depart from traditional multiple-peril crop insurance (MPCI), that provides protection only against yield shortfalls.


Strong Demand, But Inconsistent Profitability, Chad Hart, Lee L. Schulz 2016 Iowa State University

Strong Demand, But Inconsistent Profitability, Chad Hart, Lee L. Schulz

Chad Hart

With the arrival of fall, the leaves change, the temperatures drop, and agricultural producers prepare for the winter ahead. This winter looks to be a reversal of fortunes across the agricultural complex. Over the past few years, crop producers have enjoyed record prices and profits, while livestock producers have suffered from high feed costs and negative returns. Now, several sectors of the livestock industry are looking forward to strong prices and good profitability. Meanwhile, the crop sector is staring at the lowest returns in several years. While there are some key differences in the structure of crop and livestock markets ...


Fapri 2010 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Kranti Mulik, Eric Wailes, Ed Chavez, Marcelo Moreira, Julian Binfield, D. Scott Brown, Scott Gerlt, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack 2016 Iowa State University

Fapri 2010 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Kranti Mulik, Eric Wailes, Ed Chavez, Marcelo Moreira, Julian Binfield, D. Scott Brown, Scott Gerlt, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack

Chad Hart

The FAPRI 2010 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic forecast developed by IHS Global Insight.


Fapri 2006 U.S. And World Agricultural Outlook, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Frank Fuller, Chad Hart, Karen Kovarik, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Abner W. Womack, William H. Meyers, Julian Binfield, D. Scott Brown, John Kruse 2016 Iowa State University

Fapri 2006 U.S. And World Agricultural Outlook, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Frank Fuller, Chad Hart, Karen Kovarik, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Abner W. Womack, William H. Meyers, Julian Binfield, D. Scott Brown, John Kruse

Chad Hart

The FAPRI 2006 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. Despite continued high energy prices, world economic growth is expected to remain strong in the coming decade, above 3% per annum. Other major drivers of the 2006 baseline include new bio-energy policies in several large countries, EU sugar policy reform, sanitary and phytosanitary (SPS) shocks in livestock and poultry markets, and movements in the exchange rate.


Iowa Crop Insurance: What Is The Coverage Level?, Darnell B. Smith, Chad Hart 2016 Iowa State University

Iowa Crop Insurance: What Is The Coverage Level?, Darnell B. Smith, Chad Hart

Chad Hart

In light of changes in the agricultural safety net brought about by this year's Farm Bill , volatile market conditions, and the 1994 crop insurance reforms, questions arise concerning the extent that Iowa's row crop producers are purchasing additional insurance to facilitate risk management. Here we present preliminary coverage numbers for 1996 crop insurance purchases for Iowa and compare these to 1995 figures.


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