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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 ...


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 ...


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

Better Work And Global Governance, Paul Alois

All Dissertations, Theses, and Capstone Projects (2014-Present)

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 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 Dissertations, Theses, and Capstone Projects (2014-Present)

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 ...


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 ...


Preferential Trade Agreements And Quality Of Government In Sub-Saharan Africa, Sharon Camara 2016 University of Southern Mississippi

Preferential Trade Agreements And Quality Of Government In Sub-Saharan Africa, Sharon Camara

Dissertations

Objectives. Sub-Saharan African (SSA) nations have made concerted attempts at economic integration and openness with use of preferential trade agreements (PTAs) beginning in the latter half of the 1990s. These changes could result in increases in trade and growth. The World Bank’s Good Governance indicators are designed to assess the quality of institutions in a given country. The objective is to assess the impact of PTAs and Good Governance indicators on trade in SSA nations. Methods. Data on trade y was generated based on exports defined by the International Monetary Fund’s (IMF) Direction of Trade statistics, and both ...


Climate Change, Water Supply, And Agriculture In The Arid Western United States: Eighty Years Of Agricultural Census Observations From Idaho, Zeynep K. Hansen, Scott Lowe, Wenchao Xu 2016 Boise State University

Climate Change, Water Supply, And Agriculture In The Arid Western United States: Eighty Years Of Agricultural Census Observations From Idaho, Zeynep K. Hansen, Scott Lowe, Wenchao Xu

Scott Lowe

As the population and agricultural development in the U.S. expanded west throughout the 20th century, major water infrastructure projects were initiated in order to meet irrigation demand and to reduce the risk and uncertainty associated with highly variable water supplies.2 Agriculture in the arid and semi-arid western U.S. is particularly vulnerable to variability in water supply, and has evolved to rely heavily on major water infrastructure projects.3 In 2007, of the 57 million acres of irrigated cropland and pastureland in the U.S., nearly three-quarters was in the 17 western-most contiguous states; in 2008, irrigated ...


Determinants Of Seat Belt Use: Regression Analysis With Fars Data Corrected For Self-Selection, Frank Goetzke, Samia Islam 2016 University of Louisville

Determinants Of Seat Belt Use: Regression Analysis With Fars Data Corrected For Self-Selection, Frank Goetzke, Samia Islam

Samia Islam

We develop a methodology to use FARS data as an alternative to NOPUS in estimating seat belt usage. The advantages of using FARS over NOPUS are that (i) FARS is broader because it contains more variables relevant for policy analysis, (ii) FARS allows for easy multivariate regression analysis, and, finally, (iii) FARS data is more cost-effective. Methodology: We apply a binary logit model in our analysis to determine the likelihood of seat belt usage given various occupant, vehicle, and built environment characteristics. Using FARS data, we derive coefficient estimates for categories such as vehicle occupants' age and night time seat ...


Tax Increment Financing: A Tool For Growth In Grapevine, Texas, Nathaniel C. Chadwick 2016 University of Arkansas, Fayetteville

Tax Increment Financing: A Tool For Growth In Grapevine, Texas, Nathaniel C. Chadwick

Political Science Undergraduate Honors Theses

Tax Increment Financing (TIF) has become an increasingly popular tool for economic development used by state and local governments. The legislation enabling TIF and its consequences vary greatly between states, causing some controversy. Through a case study based in the City of Grapevine, Texas, this research analyzes factors influencing TIF districts and their effectiveness in achieving their respective goals.


The Microfinance Industry In Bolivia, Jorge J. Eguino 2016 University of Arkansas

The Microfinance Industry In Bolivia, Jorge J. Eguino

Economics Undergraduate Honors Theses

In the international context, and particularly in Bolivia, microfinance and microcredit have been the subject of innumerable analyses. The arguments rely on the attributions of these two ways of intervention in financial services, as well as their impact with respect to poverty, their input, and their incidence on economic growth. Bolivia has contributed to the debate in these fields due to its experience with the microfinance system and its relevance to the country’s economy.

The purpose of this project is to describe the process of development and consolidation of the microfinance system in Bolivia. From a description to an ...


Corporate Responsibility In Peace Building, Conflict Prevention And Development: The Role Of The Mining Sector In Ghana, Abdul Karim Issifu 2016 University of Cape Coast

Corporate Responsibility In Peace Building, Conflict Prevention And Development: The Role Of The Mining Sector In Ghana, Abdul Karim Issifu

Journal of Interdisciplinary Conflict Science

This article seeks to explore the role of the mining sector in peace building, conflict prevention and community development in Ghana. After thoroughly reviewing secondary data, including articles, books, journals, newspapers, etc., via critical document review and qualitative research approaches the research found that, there is no legal document on CSR in Ghana, yet mining companies in a free will, have executed CSR programs laying down for peace, security and development in the country. More so, this article provides a theoretical support for the Integrative theory of CSR on the basis that, the socio-economic, political, cultural and environmental needs of ...


Remittances As Contributor To Risk Management And Poverty Reduction In Grenada, Dianne Jntl Rosemary Forte 2016 University of Southern Mississippi

Remittances As Contributor To Risk Management And Poverty Reduction In Grenada, Dianne Jntl Rosemary Forte

Dissertations

A Small Island Development States (SIDS) viewpoint is underrepresented in the existing migration literature. That perspective is necessary because SIDS geography creates a unique set of social and economic circumstances that predisposes small states to high vulnerability to external shocks from environmental events and influences emigration decision making. Like other SIDS, Grenada is characterized by small land mass, small population, limited opportunities for productive labor, and limited resources to efficiently support all the requirements of modern institutions. This has resulted in high levels of emigration and a pattern of circularity as Grenadian households make rational decisions to manage risk and ...


Sustaining Economic Growth And The Infrastructure Investment System: Analysis For Underdeveloped Nations, Bruce R. Lotarski 2016 University of Southern Mississippi

Sustaining Economic Growth And The Infrastructure Investment System: Analysis For Underdeveloped Nations, Bruce R. Lotarski

Dissertations

The idea of infrastructure investment brings a variety of economic considerations, development factors, and policy making. This dissertation analyzes the direct effects of investments in infrastructure on sustaining economic growth for underdeveloped countries. Numerous countries in Africa, Latin America, and Asia are evaluated to see if increased trade with the potential and effects of infrastructure investments will increase GDP and sustain growth (Barro 1998, Romer 1998, UNCTAD 2002, Barro 2003, Paus 2005, the World Bank 2012, Carew 2014). Investments in a nation’s basic infrastructures such as road networks, communication systems, institutional infrastructures, and literacy directly affect a nation’s ...


The Urban Density Premium Across Establishments, R. Jason Faberman, Matthew Freedman 2016 Federal Reserve Bank of Chicago

The Urban Density Premium Across Establishments, R. Jason Faberman, Matthew Freedman

Matthew Freedman

We use longitudinal establishment data to estimate the urban density premium for U.S. establishments, controlling for observed establishment characteristics and dynamic establishment behavior. Consistent with previous studies, we find an elasticity of average establishment earnings with respect to metropolitan area population of 0.03, controlling for the endogeneity of location and establishment and metropolitan area characteristics. More importantly, we find that the estimated density premium is realized almost entirely at entry and is constant over an establishment’s life. We find little evidence that the endogenous entry or exit of establishments can account for any of the estimated density ...


The Effect Of Medicare Eligibility On Spousal Insurance Coverage, Marcus Dillender, Karen Mulligan 2016 Middle Tennessee State University

The Effect Of Medicare Eligibility On Spousal Insurance Coverage, Marcus Dillender, Karen Mulligan

Marcus Dillender

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Your Friends And Neighbors: Localized Economic Development And Criminal Activity, Matthew Freedman, Emily G. Owens 2016 Drexel University

Your Friends And Neighbors: Localized Economic Development And Criminal Activity, Matthew Freedman, Emily G. Owens

Matthew Freedman

We exploit a sudden shock to demand for a subset of low-wage workers generated by the 2005 Base Realignment and Closure (BRAC) program in San Antonio, Texas to identify the effects of localized economic development on crime. We use a difference-in-differences methodology that takes advantage of variation in BRAC’s impact over time and across neighborhoods. We find that appropriative criminal behavior increases in neighborhoods where a fraction of residents experienced increases in earnings. This effect is driven by residents who were unlikely to be BRAC beneficiaries, implying that criminal opportunities are important in explaining patterns of crime.

Forthcoming in ...


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