Stock Market Wealth Impact On Consumption Expenditure, 2017 State University of New York College at Buffalo - Buffalo State College
Stock Market Wealth Impact On Consumption Expenditure, Ramberto Jr. Sosa Cueto
Applied Economics Theses
The purpose of this thesis is to explain the role of the stock market in determining aggregate consumer behavior. Theoretically, the life-cycle hypothesis is the main link between consumption and wealth. Additionally, a household’s corporate equities holdings form part of that wealth (a small proportion). However, stock market fluctuations account for a significant part of the variation in household wealth, because of the stock prices’ volatility.
In regression models, the estimated relationship between consumption and wealth is commonly positive and statistically significant. The empirical evidence in this paper suggests that the relationship between consumption and wealth is positive and ...
The Impact Of Money Supply And Electronic Money: Empirical Evidence From Central Bank In China, 2017 State University of New York College at Buffalo - Buffalo State College
The Impact Of Money Supply And Electronic Money: Empirical Evidence From Central Bank In China, Rui Qin
Applied Economics Theses
The purpose of this paper is to study the electronic money's influence on the money supply as well as the power of the central bank. We show in an illustrative theoretical model that electronic money will impact on money supply, especially affect M0 and M1. Using data of central bank in China during 1990 to 2010 and applying ordinary least squares (OLS) regression models, we find robust evidence that electronic money has a negative impact on M0, but a positive impact on M1. In addition, the central bank's abilities to control money supply can be affected by the ...
An Inquiry Into The Effect Of The 2014 Russian Sanctions On European Gasoline Markets, 2017 University of Tennessee
An Inquiry Into The Effect Of The 2014 Russian Sanctions On European Gasoline Markets, Eric S. Peters
University of Tennessee Honors Thesis Projects
No abstract provided.
Closing The Gender Gap: The Effect Of Political Gender Quotas And Female Employment Indicators In South America, 2017 Georgia State University
Closing The Gender Gap: The Effect Of Political Gender Quotas And Female Employment Indicators In South America, Courtney Reid
Georgia State Undergraduate Research Conference
No abstract provided.
Selecting An Alternative National Banking System Against Fractional Reserve Free Banking: The Greatest Modern Fraud?, Josiah J. Bardy
Senior Honors Theses
This paper serves as a compilation and analysis of different banking systems with an emphasis on fractional reserve free banking. Contemporary academic literature has debated fractional reserve banking with revisited scrutiny since the 2007–2009 financial crisis. The Austrian School, drawing conclusions from the Austrian business cycle theory, blames central banking for boom-bust economics. One proposed solution, fractional reserve free banking, eliminates the central bank’s control for a purer form of fractional reserve practice; however, this system may be inherently fraudulent and unethical. After completing an economic analysis of the western world’s banking system, this paper then explores ...
Zero Textbook Cost Syllabus For Economics 201 (Macroeconomic Theory), 2017 CUNY Borough of Manhattan Community College
Zero Textbook Cost Syllabus For Economics 201 (Macroeconomic Theory), Bettina E. Berch
Open Educational Resources
This is a zero textbook cost syllabus for teaching macroeconomic theory at the 200 level at a community college. It is designed for a one semester course, using a creative commons textbook and a variety of open source podcasts, newspaper articles, and other materials available to CUNY students.
Sovereign Debt Crises: Domestically Engineered Or Foreignly Influenced?, 2017 Trinity College, Hartford Connecticut
Sovereign Debt Crises: Domestically Engineered Or Foreignly Influenced?, Michael C. Selfe
Senior Theses and Projects
Throughout the last half century, the world has seen its fair share of systemic banking crises covering every corner of the globe. Recently, the Eurozone crisis of 2010 and ongoing Argentinian debt crisis have continued to plague the global economy. The motivation behind this thesis is to examine what causes these sovereign debt crises. More specifically, it aims to examine whether these crises are caused by monetary and fiscal policy decisions implemented by central banks or if outside factors including the role of financial institutions are to blame. This thesis examines a number of individual case studies with regards to ...
Core Support For The New Economy, 2017 Tufts University
Core Support For The New Economy, Neva Goodwin
Interdisciplinary Journal of Partnership Studies
This paper proposes an income guarantee called Core Support (CS), defined as compensation for household activities such as childcare, food preparation, care of elderly or ill persons in the home, and maintenance of the home and of household vehicles and appliances. The immediate goals of the proposal are to highlight, through compensation, the reality that the productive activities carried on in households are of essential importance for the whole economy and society, and to enable the people who carry out these essential activities to do so without having to short-change the care work because of the need to earn money ...
Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, 2017 The Graduate Center, City University of New York
Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin
All Graduate Works by Year: Dissertations, Theses, and Capstone Projects
Essay 1: The theory of the Law of One Price (LOOP) is one of the most important theories in International Economics. I use financial markets to revisit the validity of the LOOP in the short run, and then extend the analysis into the long-run to examine whether events such as the Financial Crisis of 2007-2009 can lead to the failure of the LOOP or worsen deviations from it. Using the data on Canadian companies cross-listed on the New York Stock Exchange, I find strong support that the LOOP holds in a cross-sectional framework despite the fact that the sample includes ...
Partial Disability And Labor Market Adjustment: The Case Of Spain, 2017 Universitat Pompeu Fabra
Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall
José Ignacio Silva
Growth Performance Of Transition Countries After 25 Years, 2017 Eastern Illinois University
Growth Performance Of Transition Countries After 25 Years, Alena Kalodzitsa
The present study provides with the most recent summary of growth performance in transition countries after 25 years since the change of the regime. The empirical analysis estimates growth, applying Generalized Least Squares (GLS) estimation technique using a panel of 26 transition countries for the period of 25 transition years (1990-2014). Empirical findings of this study confirm that growth performance can be explained by the degree of structural reforms, stabilization, and initial conditions along with other factors (external growth, regional tensions, government expenditure, and oil balance). Even if initial conditions are important for growth, its influence consistently declines.
The transition ...
Going Solo: A Qualitative Comparison Of Single Women In Japan And Colombia, 2017 University of Colorado, Boulder
Going Solo: A Qualitative Comparison Of Single Women In Japan And Colombia, Maya Heins
Undergraduate Honors Theses
This thesis examines the economic, social, and cultural conditions of single women in Japan and Colombia as a medium for understanding how globalization impacts gender inequality around the world. The rise of single women around the world elicits questions about the changing nature of gender roles and how global economic policies impact the lives of women. The research finds that while large differences exist between the situation of single women in the Global North and South, by remaining single, women are afforded more bargaining power to renegotiate their place within oppressive systems. The rise in single women around the globe ...
What Goes Up Must Come Down: The Relationship Between The Housing Market Boom And The Subsequent Economic Downturn: Evidence From The Msa Level, Bruce Dale Service
CMC Senior Theses
Using MSA level data, the paper shows, that geographic areas which experienced the largest housing bubble generally suffered a more serious subsequent economic downturn. More specifically, the paper establishes that MSAs with larger declines in housing permits had larger increases in unemployment. There also appears to be strong evidence of a correlation between the magnitude of a housing boom and the timing of the decline in housing permits. MSAs which experienced larger real housing inflation offered early indications of the subsequent Great Recession.
Degree Matters: The Impact Of A Leader’S Foreign Education On His Country’S Economic Development, 2017 Claremont McKenna College
Degree Matters: The Impact Of A Leader’S Foreign Education On His Country’S Economic Development, Zhongyi Yu
CMC Senior Theses
I analyze the correlation between a nation leader’s foreign education experience and their nation’s GDP growth and economic freedom in African, Asian, and South American countries. There is a statistically significant correlation between a leader’s foreign education and the country’s GDP growth rate, especially in Africa. Data also shows that a leader’s foreign education is positively correlated with his country’s economic freedom. Despite the fact that the regressions can only demonstrate correlation as opposed to causation relationships among variables, further analysis of the results concludes that a leader’s education and the country’s ...
Are Oil Prices Important To U.S. Manufacturers?, 2017 Claremont McKenna College
Are Oil Prices Important To U.S. Manufacturers?, Austin Perez Schoff
CMC Senior Theses
Very little has been written about the effect that oil prices have on manufacturing output in the United States. This paper aims to shed light about the effect of oil prices, oil imports, and GDP on U.S. manufacturing output through a four-variable vector autoregression and explain the timing of these shocks through impulse response functions. Empirical results find that oil prices are significant in determining manufacturing output, but manufacturing output is also significant in determining oil prices.
The End Of The Three Percent Rule: How Structural Changes In The U.S. Economy Have Impacted Economic Growth, 2017 Claremont McKenna College
The End Of The Three Percent Rule: How Structural Changes In The U.S. Economy Have Impacted Economic Growth, Maxwell J. Urman
CMC Senior Theses
Using data from government sources (FRED, BEA, BLS), the thesis explores the underlying reasons for declining U.S. economic growth. A long standing trend of annual 3% growth no longer seems to hold true for the economy. The paper summarizes current theory as to why the growth has slowed and finds new explanations by analyzing the various major industries which make up GDP. The results show that sectoral shifts in employment from high paying industries to low paying industries help to explain a significant portion of the decline in national growth rates. The decline in growth is primarily driven by ...
The Political Impact Of Rising Trade Exposure: Evidence From 2000 - 2016 U.S. Presidential Elections, 2017 Claremont McKenna College
The Political Impact Of Rising Trade Exposure: Evidence From 2000 - 2016 U.S. Presidential Elections, Xiaoyang Qian
CMC Senior Theses
In this paper we analyze the impact of global imports on regional labor markets, and how such impact translates to changes in voting patterns in the U.S. Presidential elections from 2000 to 2016. We find that imports from different U.S. trading partners influence voting patterns in different ways. In particular, we observe an anti-incumbent effect caused by import competition from OECD countries. Such an effect cannot be observed for imports from low-income countries. There is also evidence that suggests high exposure to import competition tends to drive voters toward the Democratic candidate, who typically proposes better social welfare ...
Occam's Razor Vol. 7 - Full (2017), 2017 Western Washington University
Occam's Razor Vol. 7 - Full (2017)
No abstract provided.
The Hall Memorial Lectures, 2017 University of Nevada, Las Vegas
The Hall Memorial Lectures, Lewis Karstensson
Economics Faculty Publications
This publication is a record of the Hall Memorial Lectures in Economics delivered at the University of Nevada, Las Vegas, in the 1980s.
Wallace C. Peterson, "Contemporary Macroeconomics: A House Divided" (Dec. 1, 1983)
Wallace C. Peterson, "Economic Stabilization and Inflation" (May 8, 1984)
Murray N. Rothbard, "The Five Faces of Reaganomics" (Nov. 27, 1984)
Murray N. Rothbard, "The Terrible Simplifiers: The Case Against the Flat Tax" (May 7, 1985)
Larry D. Singell, "Youth Unemployment: An American Crisis" (May 14, 1986)
Murray N. Rothbard, "Is There Life After Reaganomics?" (Oct. 22, 1987)
Murray N. Rothbard, "Deficits and Taxes ...
The Fiscal Theory Of The Price Level In Sub-Saharan Africa: A Structural Break Analysis, 2017 South Dakota State University
The Fiscal Theory Of The Price Level In Sub-Saharan Africa: A Structural Break Analysis, Christian Tchamda
Theses and Dissertations
In this paper, I provide empirical evidence of the fiscal theory of the price level (FTPL) using sub-Saharan African countries. While the traditional view of the inflation is driven and explained by the quantity theory of money, the FTPL argues that the government deficit has an impact on the price level. However, the empirical literature of the FTPL is not extensive. This paper adds to this literature in that it substantiates this theory. I determine using primary balance and liabilities data when available to classify a country as under either a monetary dominant regime (the traditional view) or under a ...