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1987 Full-Text Articles 1076 Authors 305111 Downloads 71 Institutions

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1987 full-text articles. Page 1 of 47.

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 ...


Natural Disasters In Latin America: The Role Of Disaster Type And Productive Sector On The Urban-Rural Income Gap And Rural To Urban Migration, Madeline Alice Messick 2016 University of Southern Mississippi

Natural Disasters In Latin America: The Role Of Disaster Type And Productive Sector On The Urban-Rural Income Gap And Rural To Urban Migration, Madeline Alice Messick

Dissertations

This research provides insight into the impact of natural disasters as drivers of rural to urban migration in Latin America and the Caribbean (LAC). Disasters of varying types are predicted to have differing impacts on the productive sectors of agriculture, industry, and services; which due to the concentration of the various productive sectors in either urban or rural areas, subsequently changes the urban-rural wage differential. Changes to the wage differential (as measured by the urban-rural income gap) are predicted to lead to movement between urban and rural areas until a new equilibrium wage is reached.

This dissertation first identifies a ...


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 ...


International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), Mengesha Yayo, Sisay Asefa 2016 Addis Ababa Science and Technology University

International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), Mengesha Yayo, Sisay Asefa

International Journal of African Development

Empirical studies on regional economic integration process in Africa exhibit sluggish progress, and there by limited level of intra-trade. The existing literature in Africa, particularly in the Southern African regional integration bloc, has neglected the effects of regional economic integration dealing with disaggregated data. This study analyzes trade creation and diversion effects of the Southern African Development Community (SADC) using disaggregated data. The investigation estimates an augmented gravity model using panel data and random effect estimator methods applying instrumental variables where needed.

The results show that intra-SADC trade is growing in the fuel and minerals and the heavy manufacturing sectors ...


Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom 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.


The Investment Casualties Of War: Global Impacts Of Armed Conflict On Foreign Direct Investment Inflows, Reinhard J. Cate Mr. 2016 University of San Francisco

The Investment Casualties Of War: Global Impacts Of Armed Conflict On Foreign Direct Investment Inflows, Reinhard J. Cate Mr.

Master's Theses

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 ...


Financial Openness And Trade Volatility In Argentina, Joseph H. Asciuto 2016 University of San Francisco

Financial Openness And Trade Volatility In Argentina, Joseph H. Asciuto

Master's Theses

This paper will identify the relationship between financial openness and trade volatility in Argentina. Data spanning 1970-2011 provided by the IMF, WTO, and INDEC will be used to construct a panel dataset for both a global analysis and a sectoral analysis for the Argentine economy. The application of established and accepted techniques to the constructed dataset will show a negative correlation between trade volatility and financial openness; thus, financial openness acts as a stabilizing mechanism for trade. Additional analysis will be performed on the of role regional trade agreements as stabilization mechanisms for trade. A significant implication of this study ...


Geospatial Modeling Of Vietnamese Fdi, Cuong Nguyen Tien 2016 CUNY Hunter College

Geospatial Modeling Of Vietnamese Fdi, Cuong Nguyen Tien

School of Arts & Sciences Theses

This thesis sets a goal to analyze and project geographically disaggregated measures of FDI using aggregate data. We regress the country level FDI with aggregate, fine geospatial data on GDP, urban extent, and risk. By disaggregating the model, we will predict the FDI flow in every 1000 square kilometer area.


Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall 2016 Universitat Pompeu Fabra

Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall

José Ignacio Silva


Although partially disabled individuals in Spain are allowed to combine disability benefits with a job, the empirical evidence shows that the employment rate of this group of individuals is very low because they have a much lower job finding and a higher job separation rates than nondisabled workers. Moreover, a decomposition analysis of the equilibrium employment rate shows that the differences in the job finding rates explain 85 percent of the disabled employment gap. To explain these facts, we construct a labor market model with search intensity and matching frictions to identify the incentives and disincentives to work in Spain ...


From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic II 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 ...


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 Distribution Of Globalized Power, Rachel Canter 2016 Wright State University

The Distribution Of Globalized Power, Rachel Canter

Best Integrated Writing

Canter reviews Thomas Friedman’s The Lexus and the Olive Tree and observes the dissonance between our notions of globalization and global society; she offers an alternate worldview that pays respect to regional cultures and values.


Principles Of Macroeconomics And Principles Of Microeconomics (Syllabus), Jesse Zinn, Lari Arjomand, Nikki Finlay, Reza Kheirandish, Gay Solomon 2016 Clayton State University

Principles Of Macroeconomics And Principles Of Microeconomics (Syllabus), Jesse Zinn, Lari Arjomand, Nikki Finlay, Reza Kheirandish, Gay Solomon

Business Administration, Management, and Economics Syllabi and Reports

This syllabus was created under a Round Two ALG Textbook Transformation Grant.


Oil Shock Effects And The Business Cycle, Collin Jones 2016 College of William and Mary

Oil Shock Effects And The Business Cycle, Collin Jones

College of William & Mary Undergraduate Honors Theses

This paper uses a linear projection method proposed by Jorda (2005) to model how the United States business cycle affects the response of output to positive oil price shocks. I use a nonlinear specification for oil price increases, intro- duced by Lee, Ni, and Ratti (1995), which internalizes a number of popular theories in the macroeconomic literature for the determinants of the magni- tude of the oil-output response. I first confirm the results of Lee, Ni, and Ratti (1995), that conditional expected volatility of oil price predictions at the time are important for the output response, with more recent data ...


Deflation And Economic Output, Brian T. Love 2016 Trinity College, Hartford Connecticut

Deflation And Economic Output, Brian T. Love

Senior Theses and Projects

This paper will look at deflation and its relationship to economic output. This is an area of economic research that has received relatively little attention and, where it has, researchers disagree as to the how the two variables relate. In order to explore these questions, the following analysis will consider data from a sample of eight countries in VAR equations to look at the relationship between prices and economic output since the mid-1800s with control variables to limit potential omitted variable bias, and Granger-causality testing as well as impulse response testing to further analyze obtained results. The resulting analysis provides ...


Buku Teori Ekonomi Makro, priyono iyon priyono management 2016 university pgri adi buana

Buku Teori Ekonomi Makro, Priyono Iyon Priyono Management

priyono iyon priyono management

No abstract provided.


Money And Monetary Policy In Israel During The Last Decade, Jonathan Benchimol 2016 Bank of Israel

Money And Monetary Policy In Israel During The Last Decade, Jonathan Benchimol

Jonathan Benchimol

This study examines how money and monetary policy have influenced output and inflation during the past decade in Israel by comparing two New Keynesian DSGE models. One is a baseline separable model (Gali, 2008) and the other assumes non-separable household preferences between consumption and money (Benchimol & Fourçans, 2012). We test both models by using rolling window Bayesian estimations over the last decade (2001–2013). The results of the presented dynamic analysis show that the sensitivity of output with respect to money shocks increased during the Dot-com, Intifada, and Subprime crises. The role of monetary policy increased during these crises, especially ...


Demand Deposit Difficulties, Lester Telser 2016 University of Chicago

Demand Deposit Difficulties, Lester Telser

Lester G Telser

It is literally impossible for a bank to allow its demand deposits to be available on demand and withdrawn without notice from its demand deposit accounts as it promises to do. Even if total demand deposits in all member banks did not change, checks written on one bank in favor of a someone with a demand deposit in another bank are a source of instability in the economy. This essay demonstrates this proposition.
JEL E5. Monetary Policy, Central Banking, and the Supply of Money and Credit


Esensi Ekonomi Makro, priyono iyon priyono management, teddy chandra teddy teddy chandra management 2016 university pgri adi buana

Esensi Ekonomi Makro, Priyono Iyon Priyono Management, Teddy Chandra Teddy Teddy Chandra Management

priyono iyon priyono management

Buku ini merupakan edisi revisi ke tiga yang disusun dengan
suatu harapan agar mahasiswa dapat mengikuti jalannya kuliah
Pengantar Teori Ekonomi Makro dengan baik. Adapun edisi revisi
yang ketiga dalam buku ini adalah penambahan topik baru yaitu
tentang inflasi dan deflasi, dan buku ini disusun terdiri atas dua bagian
penting yaitu : bagian pertama terdiri atas, konsep dan teori ekonomi
makro. Sedangkan bagian kedua terdiri atas soal –soal dan tugas yang
terangkum dalam Lembar Kerja Mahasiswa (LKM).


Exploring Economic And Social Factors That Increase Economic And Well-Being Measurements Of Developing And Developed Countries, Kofi D. Boadu 2016 Minnesota State University - Moorhead

Exploring Economic And Social Factors That Increase Economic And Well-Being Measurements Of Developing And Developed Countries, Kofi D. Boadu

Undergraduate Economic Review

The historical growth paths of developed and developing countries reveal the challenges that developing countries face in traveling the road from poverty to prosperity. Based on economic development literature, economic theory, and ordinary least squares (OLS) regression method, this research considers whether or not, and to what extent globalization characteristics, foreign direct investment levels (FDI), secondary school enrollment rates, information communication technology (ICT) as a percentage of trade imports, and happiness levels of 103 developing and developed countries, impact their GDP per capita levels. This paper will also take a look at alternative ways of viewing and measuring economic success.


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