Digital Commons Network^™

Government Policy And Small Business Financing, Murray L. Weidenbaum

Murray Weidenbaum Publications

Small businesses are hurt by government policy and regulation.

Monetary Policies In Interdependent Economies: An Open Economy Explanation For Base Drift And Price-Level Non-Trend-Stationarities, Joseph P. Daniels, David D. Vanhoose

Economics Faculty Research and Publications

Most nations have experienced 'base drift' of their money stocks and associated price-level non-trend-stationarities. Recent explanations for this fact have emphasized tensions among various possible objectives of central banks in closed-economy or small-open-economy frameworks. In contrast, this paper explores structural and policy interdependence among economies as an explanation for price-level non-trend-stationarities. It demonstrates that such interdependence can induce central banks to follow non-trend-stationary policies even if they desire only to smooth prices in their home economies.

New Mexico Labor Market Review 03-31-1995, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers February 1995.

Economic Analysis Of Two Cost-Share Programs To Improve Ground Water Quality; Fencing: A Marketing Alternative, Burton Pflueger, Lon Henning, Thomas Dobbs, Richard Shane

Economics Commentator (1972- 2016)

No abstract provided.

Sources Of Financial Fragility: Financial Factors In The Economics Of Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Originally, paper prepared for the conference, "Coping with Financial Fragility: A Global Perspective," 7-9 September 1994, Maasdricht. (sic)

Also included are handwritten and word processed pages showing original drafts of the paper.

Industrial Change, Immigration, And Community Development: An Overview Of Europeans And Latinos, Ramón F. Borges-Méndez

New England Journal of Public Policy

The industrial forces and conditions of Massachusetts that awaited and attracted European immigrants were vastly different from those encountered by the more recent wave of Latino immigrants. This study seeks to compare and clarify what those forces and conditions were at three different times, especially in the small mill towns of Lowell, Lawrence, and Holyoke. The objective is to delineate a historical backdrop to allow an understanding of the present situation of Latinos in those cities and, to some extent, within the commonwealth of Massachusetts.

Compatriots Or Competitors? Job Competition Between Foreign- And U.S.-Born Angelenos, Abel Valenzuela Jr.

New England Journal of Public Policy

The debate concerning job competition between immigrant and nonimmigrant groups has intensified owing to the large increase in the 1970s and 1980s in immigration and the simultaneous growth in urban poverty rates for African-American and other minority groups. It focuses on the possible wage and displacement effects an increase in immigration would cause for the U.S.-born population. Using 1970 and 1980 industrial and occupational census data and shift-share methodology for Los Angeles, the author shows that immigrants do not simply function as either competitive or complementary sources of labor. Instead, he argues, job competition between groups of workers depends in …

Persistence Of Poverty Across Generations: A Comparison Of Anglos, Blacks, And Latinos, Anna M. Santiago, Yolanda C. Padilla

New England Journal of Public Policy

Utilizing data from the National Longitudinal Survey of Youth, this study examines the impact of children's growing up in poverty on the probability of their remaining in poverty during young adulthood. The primary goals of the research are to examine racial, ethnic, and gender differences in patterns of persistent poverty and to identify predictors of poverty status in young adulthood. The results suggest that both women, regardless of their race, ethnicity, or adolescent poverty status, and black men who grew up in poverty are more likely to be poor as young adults than Anglo men. Logistic regression analyses reveal that …

Latinos And Labor: Challenges And Opportunities, Andrés Torres

New England Journal of Public Policy

The growing presence of Latino workers in the Massachusetts labor force presents opportunities as well as challenges for the labor movement. An overview of occupational, industrial, and unionization patterns helps to describe the potential for Hispanic contribution to renewed union strength in the region. But revitalizing the house of labor in the twenty-first century requires an innovative interplay of workplace and community strategies. As labor comes to terms with its multiracial/multicultural constituency, the relationship between class and race/ethnicity is being revisited, as is the very definition of "labor movement."

Social Networks And Employment For Latinos, Blacks, And Whites, Luis M. Falcón

New England Journal of Public Policy

Despite the immigrant character of Latino groups in the United States, little attention has been given to the role of social networks in the job-search process and in labor market outcomes for Latinos. The literature on social networks describes their use as important in providing access to jobs but neutral as to affecting earnings or attainment of prestige. This study uses data from a 1988-1989 Boston survey to examine the effect of finding employment through social networks on the income attainment of white, black, and Latino workers. Job seekers in all groups rely on such networks, but Latinos exhibit the …

Immigrant Workers In The Cleaning Industry: The Experience Of Boston's Central Americans, Karen M. Lado

New England Journal of Public Policy

This study has two objectives: to describe Central Americans' employment experience in the Boston area by focusing on cleaning workers and to explore the reasons why Central Americans in particular, and immigrants in general, become concentrated in industries like cleaning. The study highlights a number of characteristics of immigrant workers and of cleaning work that contribute to employment in the industry. Recent immigrants need jobs that do not require English skills or formal training, can be accessed informally, and offer schedules that allow them to take on additional work. Cleaning companies, in turn, need a constant source of reliable workers …

Latinos Need Not Apply: The Effects Of Industrial Change And Workplace Discrimination On Latino Employment, Edwin Meléndez, Françoise Carré, Evangelina Holvino

New England Journal of Public Policy

The objective of the research described here is to assess how recent changes in the organization of industry and discrimination in the workplace affect the employment of Latinos. One of the most important developments in labor markets during the past two decades is the erosion of internal labor markets. Employers are responding to intensified competitive conditions that developed during the 1980s: increased international competition in domestic markets and deregulation in telecommunications, banking, insurance, and other industries. The development of information technologies and the diffusion of secondary and postsecondary education have enabled organizations to cut labor costs. In particular, firms are …

New Mexico Labor Market Review 03-13-1995, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers January 1995.

The American Economy In 1994: Awaiting A New Policy Paradigm, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

An outline for a possible paper.

Reforming Banking In 1995: Repeal Of The Glass Steagall Act, Some Basic Issues, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Would Repeal Of The Glass Steagall Act Benefit The Us Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Statement prepared for Hearing on Repeal of the Glass-Steagall Act. Committee on Banking and Financial Services, United States House of Representatives, Washington, DC,

Price Competition Between Two International Firms Facing Tariffs, Eric O'N. Fisher, Charles A. Wilson

Economics

This paper examines the effects of tariffs on price setting duopolists selling a homogeneous product. The producers cannot segment geographically distinct markets. It provides a complete characterization of the equilibrium (mixed) strategies and analyzes the pattern of competition for different tariffs. If a country raises its tariff, the profits of both producers increase, although the protected firm typically benefits more than its foreign counterpart. Growth in one market may reduce the profits of the firm located in the other market.

1995 Monetary Policy- Press Briefing, Paul A. Ogwuma Dr.

Bullion

This is press briefing by the Governor of Central Bank of Nigeria. It is aimed at providing detailed elaboration on the policy thrust and modus operandi of the monetary and foreign exchange policy measures for 1995.

Fiscal Policy Issues And Expenditure Programme Under The 1995 Federal Budget., Okunrounmu T. O.

Bullion

This paper examines the role of the Federal government of Nigeria in the management of the economy through budgeting. This paper was discussed in sections. Section I reviews the fiscal policy issues of the budget while Part II analyses the expenditure programme of the budget. Part III appraises briefly the prospects of achieving the macroeconomic objectives proposed In the budget. The paper is concluded with a summary.

An Overview Of The General Theory, James Tobin

Cowles Foundation Discussion Papers

This paper is intended to be a chapter in a forthcoming “Second Edition” of John Maynard Keynes, The General Theory of Employment, Interest and Money , published in one single edition in 1936. The Second Edition is being edited by Geoffrey Harcourt and Peter Riach and will contain contributions by 30 or 40 authors. It is to be published by Routledge, it is hoped in 1996, the 60th birthday of the great book. Most of the contributions correspond to the chapters of the original book, and others are essays about the book or natural extensions of it. The chapter of …

The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi

Economic and Financial Review

Monetary and banking policies are usually the responsibilities of the Monetary Authorities which comprise the Central Bank and the Central Government. In Nigeria, while the Central Bank exercises primary responsibilities for initiating, articulating, implementing and appraising such policies, the Bank's proposals are subject to the approval of the Federal Government. To facilitate the understanding of the conduct of monetary and banking policies by the CBN, it is necessary to articulate the theoretical framework of monetary policy, the CBN-monetary management techniques, as well as the policy measures adopted since 1986 to reform and strengthen -the banking system.

Open Market Operations In 1994, P. A. Akatu, S. N. Ibeabuchi

Economic and Financial Review

In line with the objectives of the monetary policy in 1994, the CBN achieved a substantial reduction of its holding of treasury bills through open market operations that were aimed at slowing down the growth of base money and money supply. While the volume of open market sales suffered apparently from the initial market reactions to the budget for fiscal 1994 and later the political and industrial unrest, such sales reached record levels in the fourth quarter of the year. However, OMO largely responded to the short-term portfolio preferences of banks and did not translate into an overall pressure on …

A Review And Analysis Of Agricultural Prices In Nigeria, 1977 - 1993, O. O. Akanji, E. U. Ukeje

Economic and Financial Review

This paper reviews and analyses the various prices that have been in existence in the agricultural sector since the re-organization of the produce marketing system in 1977 to the present free market system. It was observed that a close relationship existed between the market prices and the determined prices. However, some upward revisions in the official prices were found to be neither rational nor based on any concrete study. Moreso, most commodities were implicitly taxed during the period 1977-1985. The increases in the prices recorded between 1986 1993 due to market liberalization had an added problem of marketing. The domestic …

Eradication Of Banking Malpractices In Nigeria: Will Law Alone Succeed?, I. Joe Goldface-Irokalibe

Economic and Financial Review

The place of banks in the economic life of any nation is so strategic that every effort is made by the appropriate national authorities to regulate and effectively supervise banking business. This objective is often achieved through the mechanism of laws designed to purge the banking system of diverse frauds, and malpractices. This paper presents a general compendium of the socio-economic, as well as the cultural background that foster and sustain banking frauds and diverse malpractices in Nigeria. This is followed by an analysis of the various types of malpractices prevalent in the banking system, among which are malpractices by …

Human Development Report 1994 By The United Nations Development Programme (Undp), New York, A. I. Arinze

Economic and Financial Review

The central focus of the UNDP 1994 Human Development Report on sustainable human development makes its review essential due to the current global concern on sustainable economic development. The 1994 UNDP Human Development Report is divided into five major chapters. Chapter one defines the universalism of life claims and emphasizes the need for strategic planning towards sustainable human development. Chapter two highlights four essential characteristics of the new dimensions of human security, names two main components of human security and identifies eight threats to human security. Chapter three discusses disarmament in industrial and developing countries and the future of world …

Budget Of Renewal 1995, Sani Abacha General

Bullion

The paper contains the 1995 Budget speech of the Head of State and Commander-in-Chief of the Armed Forces of Nigeria, General Sani Abacha.

Monetary And Banking Policies In The 1995 Federal Government Budget., M. O. Ojo

Bullion

The focus of this paper is on the role of monetary policy in the budget. It outlined and analyse the monetary programme which forms part of the macroeconomies policy framework of the Budget.

Central Bank Of Nigeria Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1995 Fiscal Year., Ogwuma Paul A. Dr,

Bullion

The Circular outlined the monetary, credit, foreign trade and exchange policy guidelines applicable to banks and other financial institutions in the 1995 fiscal year.

Bea Data And Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Calculations based on BEA data sent by Greg Bongen to Professor Shaikh (March 9, 1995)

• Document titled "Method for Constructing the Capital Stock Matrix" (March 7, 1995)

• Letter from ED to Professor Shaikh regarding BEA data analysis (March 13, 1994)

• Document titled "Industrial Production and Capacity Utilization Documentation"

• Letter from Greg Bongen to Anwar Shaikh on data analysis (February 25, 1995)

• "FEDERAL RESERVE Statistical Release" (December 14, 1994)

• Data calculations from Greg Bongen to Professor Shaikh (March 11, 1995)

• Letter from Anwar Shaikh to Wynne regarding equity and money demand functions

• Handwritten notes containing capital stock matrix calculations

• Econometric results …

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Would Universal Banking Benefit The U.S. Economy?, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Paper prepared for Session 8 of the Conference on Universal Banking held at the Salomon Center, Stern School of Business, New York University. There is also an earlier draft of the paper as well as a reworking of it dated 5 April 1995.