Money And Monetary Policy In The Eurozone: An Empirical Analysis During Crises, 2016 Bank of Israel
Money And Monetary Policy In The Eurozone: An Empirical Analysis During Crises, Jonathan Benchimol, André Fourçans
Mathew Carey Papers Names Index Database, 2016 University of Pennsylvania
Mathew Carey Papers Names Index Database, American Antiquarian Society
The Magazine of Early American Datasets (MEAD)
Mathew Carey (1760-1839), publisher, economist, and humanitarian, was born in Dublin, Ireland. He came to the United States in 1784 after involvement in Irish revolutionary activities and took up his trade as a printer, publishing the Pennsylvania Herald and the periodical, The American Museum. His book publishing ventures prospered and his firm was a leader in American printing and publishing in the period 1795 to 1835. Carey was an active proponent of the protective tariff, as well as an ardent champion of oppressed minorities in Europe, especially after his retirement from business in 1821. His business was thereafter conducted by ...
Williamsburg Brickmaker Humphrey Harwood's Ledger (1773-1793), 2016 University of Central Arkansas
Williamsburg Brickmaker Humphrey Harwood's Ledger (1773-1793), Wendy E. Lucas 4505624, Noel D. Campbell
The Magazine of Early American Datasets (MEAD)
This file contains processed data from Humphrey Harwood’s Ledger B, folios 1-102. Entries in the ledger suggest that at least 128 folios existed in Ledger B, as well as Ledgers A and C. Ledger B records some of Harwood’s activities between 1776 through his death in 1788, and beyond to 1793, as recorded by William Harwood. For this file, we extracted and processed most of the data available in the ledger, but we were unable to understand the activities recorded in a handful of small accounts, which we omitted. Therefore, this file technically is a processed extract or ...
What Determines Public Pension Investment Risk-Taking Policy, 2016 University of Dayton
What Determines Public Pension Investment Risk-Taking Policy, Nancy Mohan, Ting Zhang
State public pension plans, mostly defined benefit plans, cover pension benefits for 12.8 million active public employees and 5.9 million retirees and other annuitants. However, by the end of 2009, public pension plans had accumulated a total funding deficit of $697 billion (measured by the difference between actuarial pension assets and liabilities). On average, public pension funds cover 75 percent of their liabilities, but individual state results vary greatly.
The 2008 stock market crash strongly affected pension asset value in that equity allocation on average accounted for 56 percent of invested assets. The average 2009 pension asset beta ...
George Washington's Shipping Invoices From London Factors 1754-1772, 2016 University of Central Arkansas
George Washington's Shipping Invoices From London Factors 1754-1772, Wendy E. Lucas 4505624, Noel D. Campbell
The Magazine of Early American Datasets (MEAD)
From 1754-1772, Washington marketed his crop on the consignment system. He shipped his tobacco to British 'factors' who would sell it for him on the British market, often for re-export to continental Europe. With his tobacco (and at other times during the year), Washington would send correspondence including a list of items he wished his factors to purchase for him with the tobacco revenues and ship to Virginia. The factors would attempt to fulfill Washington's purchase requests, based on product availability and their knowledge of his tastes and willingness to spend. After deducting shipping costs, insurance charges, duties and ...
Daniel Defoe’S Literary Economies: The Shifting Role Of Narrative Uncertainty, Speculation, And Providence In Robinson Crusoe And Roxana., Terese J. Swords
Lawrence University Honors Projects
In my honors project, I analyze how Daniel Defoe’s first novel, Robinson Crusoe (1719), and his last, Roxana (1724), offer shifting economic commentary regarding England’s emerging 18th century credit economy. This shift does not come as too much of a surprise, as his first and last novel straddle the historic moment of the South Sea Bubble’s burst. Therefore, Defoe’s works, when analyzed sequentially, capture the evolving attitude towards value and credit that was occurring throughout all of England.
In my first chapter, “Crusoe’s Post Facto Journal Editing: ‘How wonderfully we are delivered when we ...
Development Of Utility Theory And Utility Paradoxes, 2016 Lawrence University
Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom
Lawrence University Honors Projects
Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.
Moral Hazard And Mispriced Systemic Risk In The Lead-Up To The 2007 Subprime Mortgage Crisis In The United States, 2016 University of Cambridge
Moral Hazard And Mispriced Systemic Risk In The Lead-Up To The 2007 Subprime Mortgage Crisis In The United States, Georgi Rusinov
Undergraduate Economic Review
The 2007 subprime crisis was caused by high demand for subprime mortgage products underpinned by the unrealistic assumption that property prices would keep rising indefinitely. The subprime mortgage market worked as expected as long as prices were rising and demand for property was high. When these two conditions were violated and the housing bubble collapsed, the system became dysfunctional, many subprime borrowers defaulted, and mortgage-backed securities lost much of their value. Prevention could have been achieved through regulatory measures to shift the risk back from taxpayers and investors to loan originators. Fair distribution of risk should be the main objective ...
The Investment Casualties Of War: Global Impacts Of Armed Conflict On Foreign Direct Investment Inflows, 2016 University of San Francisco
The Investment Casualties Of War: Global Impacts Of Armed Conflict On Foreign Direct Investment Inflows, Reinhard J. Cate Mr.
Abstract: Involvement in the outbreak of an armed conflict can present a variety of potential risks to an involved nation’s economy. In this paper I examine if one one of those risks, specifically that a new war could scare away foreign investment actually occurs and whether the intensity of the conflict increases or lessens the potential impact. Using ordinary least squares on panel data from 1966 to 2015, I examine the short and long term impacts of armed conflict on global foreign direct investment (FDI) inflows using two measures of conflict intensity: Large conflicts or ‘wars’, with 1000 or ...
From The Classical School To Today: The Evolution Of Stagnation Theories, 2016 State University of New York College at Buffalo - Buffalo State College
From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii
Applied Economics Theses
The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and ...
From Hard Money To Branch Banking California Banking In The Gold Rush Economy, 2016 University of Dayton
From Hard Money To Branch Banking California Banking In The Gold Rush Economy, Larry Schweikart, Lynne Pierson Doti
Economics Faculty Articles and Research
In Gold Rush–era California, banking and the financial sector evolved in often distinctive ways because of the Gold Rush economy. More importantly, the abundance of gold on the West Coast provided an interesting test case for some of the critical economic arguments of the day, especially for those deriving from the descending—but still powerful—positions of the “hard money” Jacksonians.
United In Diversity? The Political Implications Of Intra- Eu Migration, 2016 Trinity College, Hartford Connecticut
United In Diversity? The Political Implications Of Intra- Eu Migration, Isabel Monteleone
Senior Theses and Projects
Intra-EU migration is a phenomenon innate to the structure of the European Union. A politico-economic union of twenty-eight countries, the EU does what no other alliance of countries has endeavored before, serving as a unique product of globalization and integration, in every sense of the word. Bound almost entirely by a common currency, the European Union is established in the belief that economic cooperation in Europe can be achieved through the principle of free movement, despite each member states’ individual way of life, language, and political, religious, and cultural ideology.
Since intra-EU migration allows for the possibility of EU integration ...
Transmission Of Banking Crises Using A Proximity Based Learning Model, 2016 Trinity College
Transmission Of Banking Crises Using A Proximity Based Learning Model, Steven Yee
Senior Theses and Projects
In financial markets, banks play a key role in transforming illiquid assets into more liquid assets. However, their ability to spread the risk of liquidity shocks over a body of agents generates a positive probability for non-efficient bank runs. Building off of the classic Diamond-Dybvig framework, this paper uses an agent based model to observe the two equilibria, efficient risk sharing and the bank run. While previous literature has looked at under what conditions could a bank run equilibrium occur, this proximity based learning model (PBLM) focuses on the development of a panic driven bank run in light of limited ...
Holly Martins And The Impartial Spectator: The Economics Of The Third Man, 2016 James Madison University
Holly Martins And The Impartial Spectator: The Economics Of The Third Man, Alexander W. Pickens
MAD-RUSH Undergraduate Research Conference
The film The Third Man is often critiqued for its portrayal of post-war Vienna and the abusive nature of totalitarian regimes in a nearly-anarchic state. However, this film does something that few other films do: it tackles the primary dilemmas facing economists using a visual medium and featuring some of the debates that have been plaguing economic thinkers for years (what is a just allocation of resources, competition in free markets, what happens when corrupt governments control resource allocation). Ultimately, the film is a unique analysis tension between the costs and benefits of the philosophies of Keynes and F. A ...
Make America Great Again?, 2016 georgia southern university
Make America Great Again?, Gregory Brock
Gregory J. Brock
Aggression In Mixed Martial Arts: An Analysis Of The Likelihood Of Winning A Decision, 2016 University of Dayton
Aggression In Mixed Martial Arts: An Analysis Of The Likelihood Of Winning A Decision, Trevor Collier, Andrew Johnson, John Ruggiero
Within the last decade, mixed martial arts has become one of the most popular sports worldwide. The Ultimate Fighting Championship (UFC) is the largest and most successful organization within the industry. In the USA, however, the sport is not sanctioned in all states because some politicians view the sport as too violent. The sport consists of many fighting forms and, unlike boxing, winning a decision requires judging in multiple facets including wrestling, boxing, kickboxing, and jiu-jitsu. In this study, we estimate the likelihood of winning a decision in the UFC. Using data on individual fights, we estimate the probability of ...
Measuring Technical Efficiency In Sports, 2016 University of Dayton
Measuring Technical Efficiency In Sports, Trevor Collier, Andrew Johnson, John Ruggiero
Standard economic production theory is the basis for measuring technical efficiency in sports. Using programming or regression models, efficiency is defined as the distance of a given team observation from the technology. In this article, the authors show that the standard measures of efficiency using deterministic models are biased downward due to serial correlation with respect to the efficiency measure. In particular, if the number of observed wins for a given team is affected by the team’s inefficiency, it is necessarily true that another team is able to produce outside of the technology. As a result, the observed frontier ...
Are We Getting Better Or Are They Getting Worse? Draft Position, Strength Of Schedule, And Competitive Balance In The National Football League, Tony Caporale, Trevor Collier
Monopsonistic labor market institutions, such as amateur drafts and free agency restrictions, are often justified by their competitive balance generating properties. In this paper we re-examine the balancing effect of the amateur draft for the National Football League. We extend an earlier treatment of this issue by Grier and Tollison (J Econ Behav Organ 33: 136–149, 1994) by incorporating the unbalanced scheduling policy of the league, relative team payrolls, and team injury rates into our empirical model. We find that the college draft has a quantitatively strong and statistically significant effect on team performance even when incorporating several significant ...
Scouts Versus Stats: The Impact Of 'Moneyball' On The Major League Baseball Draft, 2016 University of Dayton
Scouts Versus Stats: The Impact Of 'Moneyball' On The Major League Baseball Draft, Tony Caporale, Trevor Collier
Michael Lewis’ influential book Moneyball (2003) discusses several sources of inefficiency in the Major League Baseball (MLB) labor market, one of these being the failure of baseball scouts to place a draft premium on college players. We test this implication of the Moneyball thesis – the superiority of college players – by measuring the productivity of players who were drafted in the first round of five MLB drafts covering the years 1995–1999. Employing a variety of specifications, we find that the performance of college draft choices is no better than those of high school picks and argue that this is consistent ...
Estimation Of Multi-Output Production Functions In Commercial Fisheries, 2016 University of Dayton
Estimation Of Multi-Output Production Functions In Commercial Fisheries, Trevor Collier, Andrew Mamula, John Ruggiero
Measuring the productivity of vessels in a multi-species fishery can be problematic. Typical regression techniques are not capable of handling multiple outputs while Data Envelopment Analysis (DEA) tends to ignore the stochastic nature of production. Applied economists have devoted considerable time to this problem and have developed several methods of dealing with the issue of multiple output technologies in commercial fisheries. Our paper contributes to this literature by providing another method for estimating production functions of vessels operating in multi-species fisheries. We utilize a two-stage model – with data from the West Coast Limited Entry Groundfish Trawl Fishery – using DEA to ...