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Doug Munro's Review Of Peter Sack And Dymphna Clark's Edition Of South Sea Merchant: The Memoirs Of German-Born Eduard Hernsheim, Doug Munro Mar 1986

Doug Munro's Review Of Peter Sack And Dymphna Clark's Edition Of South Sea Merchant: The Memoirs Of German-Born Eduard Hernsheim, Doug Munro

Pacific Studies

No abstract provided.


New Russian Books On The Pacific, 1982-1983, Patricia Polansky Mar 1986

New Russian Books On The Pacific, 1982-1983, Patricia Polansky

Pacific Studies

No abstract provided.


Best Median Unbiased Estimation In Linear Regression With Bounded Asymmetric Loss Functions, Ray C. Fair Mar 1986

Best Median Unbiased Estimation In Linear Regression With Bounded Asymmetric Loss Functions, Ray C. Fair

Cowles Foundation Discussion Papers

We first show that the Generalized Least Squares estimator is the best median unbiased estimator of the regression parameters for quite general loss functions, when the parameter space is unrestricted. Of note is the fact that this result holds without moment restrictions. Thus, the errors may have multivariate Cauchy distribution. Next, we show that a restricted GLS estimator is best median unbiased for a linear combination of the regression parameters, when that linear combination is restricted to lie in an interval. Certain other linear combinations of the parameter vector may be subject to arbitrary additional restrictions. The paper then presents …


Edgeworth Equilibria In Production Economies, Charalambos D. Aliprantis, Donald J. Brown, Owen Burkinshaw Mar 1986

Edgeworth Equilibria In Production Economies, Charalambos D. Aliprantis, Donald J. Brown, Owen Burkinshaw

Cowles Foundation Discussion Papers

An Edgeworth equilibrium is an allocation that belongs to the core of every n -fold replica of the economy. In [2] we studied in the setting of Riesz spaces the properties of Edgeworth equilibria for pure exchange economies with infinite dimensional commodity spaces. In this work, we study the same problem for economies with production. Under some relatively mild conditions we establish (among other things) that: 1. Edgeworth equilibria exist; 2. Every Edgeworth equilibrium is a quasiequilibrium; and 3. An allocation is an Edgeworth equilibrium if and only if it can be “decentralized” by a price system.


Cointegration And Tests Of Present Value Models, John Y. Campbell, Robert J. Shiller Mar 1986

Cointegration And Tests Of Present Value Models, John Y. Campbell, Robert J. Shiller

Cowles Foundation Discussion Papers

In a model where a variable Y is proportional to the present value, with constant discount rate, of expected future values of a variable y , the “spread” S – Y – qy will be stationary for some q whether or not y must be differenced to induce stationarity. Thus, Y and y are cointegrated. The model implies that S is proportional to the optimal forecast of S *, the present value of future changes in y. We use vector autoregressive methods, and recent literature on cointegrated processes, to test the model. When Y is the long-term interest rate and …


The Private Sector And Nigeria's Agricultural Development By Adeniyi Osuntogun And Rex Uzo Ugorji (Eds.): Book Review, Grace O. Evbuomwan Mar 1986

The Private Sector And Nigeria's Agricultural Development By Adeniyi Osuntogun And Rex Uzo Ugorji (Eds.): Book Review, Grace O. Evbuomwan

Economic and Financial Review

This book is a collection of twenty-six (26) papers presented at the First National Seminar on "The Role of the Private Sector in Nigerian Agriculture", organised by the Agricultural and Rural Management Training Institute, Ilorin in October, 1983. This book can be said to be a very useful volume. This is because it contains information which will be useful to both the public and private sectors particularly at this critical period of renewed emphasis on agricultural development and efforts by government to get the private sector to be more involved in the development of the agricultural sector. Book Details: Osuntogun, …


Population, Migration, And Problems Of Atoll Development In The South Pacific, John Connell Mar 1986

Population, Migration, And Problems Of Atoll Development In The South Pacific, John Connell

Pacific Studies

No abstract provided.


Employment And Household Economy In A Micronesian Village, James G. Peoples Mar 1986

Employment And Household Economy In A Micronesian Village, James G. Peoples

Pacific Studies

No abstract provided.


Barrie Macdonald's Review Of O. H. K. Spate's The Pacific Since Magellan, Volume 2, Monopolists And Freebooters, Barrie Macdonald Mar 1986

Barrie Macdonald's Review Of O. H. K. Spate's The Pacific Since Magellan, Volume 2, Monopolists And Freebooters, Barrie Macdonald

Pacific Studies

No abstract provided.


Monetary And Fiscal Impacts On Economic Activity In Bangladesh: A Note, Abdur Chowdhury Mar 1986

Monetary And Fiscal Impacts On Economic Activity In Bangladesh: A Note, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


Update Of Socioeconomic Databases_02-14-1986, Brian Mcdonald, Lynn Wombold Feb 1986

Update Of Socioeconomic Databases_02-14-1986, Brian Mcdonald, Lynn Wombold

BBER Publications

The report was designed to support utility planning by providing revised estimates and projections of population, household size, employment, and income through 2006.


Is South Dakota Agriculture Ready For The Food Security Act Of 1985?, Brian H. Schmiesing Feb 1986

Is South Dakota Agriculture Ready For The Food Security Act Of 1985?, Brian H. Schmiesing

Economics Commentator (1972- 2016)

No abstract provided.


Towards A Unified Asymptotic Theory For Autoregression, Peter C.B. Phillips Feb 1986

Towards A Unified Asymptotic Theory For Autoregression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper develops an asymptotic theory for a first order autoregression with a root near unity. Deviations from the unit root theory are measured through a noncentrality parameter c . When c < 0 we have a local alternative that is stationary and when c > 0 the local alternative is explosive. As c approaches the limits of its domain of definition (±∞) it is shown that the asymptotic distributions known to apply under fixed stationary and explosive alternatives are obtained as special cases. Moreover, when c = 0 we have the standard unit root theory. Thus, the asymptotic theory that we present goes a long way towards unifying earlier theory for these individual …


Towards A Unified Asymptotic Theory For Autoregression, Peter C.B. Phillips Feb 1986

Towards A Unified Asymptotic Theory For Autoregression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper develops an asymptotic theory for a first order autoregression with a root near unity. Deviations from the unit root theory are measured through a noncentrality parameter. When this parameter is negative we have a local alternative that is stationary; when it is positive, the local alternative is explosive; and when it is zero we have the standard unit root theory. Our asymptotic theory accommodates these alternatives and helps to unify earlier theory in which the unit root case appears as a singularity of the asymptotics. The general theory is expressed in terms of functionals of a simple diffusion …


The Share Economy: A Symposium, William D. Nordhaus, Andrew John Feb 1986

The Share Economy: A Symposium, William D. Nordhaus, Andrew John

Cowles Foundation Discussion Papers

In June 1985, the Yale Economics Department sponsored a half-day conference on Martin Weitzman’s striking proposal that sharing would be introduced into compensation arrangements. His suggestions have received wide attention in the popular press and from economists, but the organizers believed that the suggestions were sufficiently novel and promising to warrant careful scrutiny from a wide range of points of view. The conference participants therefore examined the “share economy” from the vantage point of labor economics, capital theory, general equilibrium theory, and macroeconomics.


Exchange Rates And Real Long-Term Interest-Rate Differentials: Evidence For Eighteen Oecd Countries, D. T. Coe, Stephen S. Golub Feb 1986

Exchange Rates And Real Long-Term Interest-Rate Differentials: Evidence For Eighteen Oecd Countries, D. T. Coe, Stephen S. Golub

Economics Faculty Works

The bivariate relationship between real exchange rates and the real long-term interest rate differential has been investigated in a number of recent studies. By exchange-rate-equation standards, this specification does a relatively good job of tracking the historical movements in the dollar-Deutschemark and the dollar-yen bilateral exchange rates, and the dollar effective exchange rate; but does a poor job for the dollar-sterling rate. This paper extends the analysis to 18 OECD countries, in bilateral as well as effective terms. Results from earlier studies are confirmed, but in general the estimation results are sufficiently mixed to suggest that the absence of any …


Clerical Employment And Technological Change: A Review Of Recent Trends And Projections, H. Allan Hunt, Timothy L. Hunt Feb 1986

Clerical Employment And Technological Change: A Review Of Recent Trends And Projections, H. Allan Hunt, Timothy L. Hunt

Reports

No abstract provided.


New Mexico Mortgage Finance Authority Survey, University Of New Mexico Bureau Of Business And Economic Research Feb 1986

New Mexico Mortgage Finance Authority Survey, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report compiles empirical residential sales price data from New Mexico land title companies and regional boards of realtors to identify regional real estate valuation trends between September 1984 and August 1985. Prepared by the Bureau of Business and Economic Research at the University of New Mexico, the study reveals that home purchase values in multiple regional markets significantly outpaced baseline federal averages. These data establish an aggregate residential baseline to support formal requests to the Internal Revenue Service to raise the maximum purchase price ceilings allowed for first-time home buyers across the state.


Financial Conditions Of And Availability Of Credit To South Dakota Agricultural Producers, Brian H. Schmiesing, Cindy R. Swinson Jan 1986

Financial Conditions Of And Availability Of Credit To South Dakota Agricultural Producers, Brian H. Schmiesing, Cindy R. Swinson

Economics Commentator (1972- 2016)

No abstract provided.


Labor Supply Response To Welfare Programs: A Dynamic Analysis, David M. Blau, Philip K. Robins Jan 1986

Labor Supply Response To Welfare Programs: A Dynamic Analysis, David M. Blau, Philip K. Robins

Economics Articles and Papers

Previous static analyses of the work disincentive effects of welfare programs are extended to a dynamic context. Using a sample of continuous longitudinal labor market histories, estimates are derived for welfare-nonwelfare differences in labor market flows among the states of employment, unemployment, and nonparticipation. The estimates are used to identify the main sources of the lower employment and labor force participation rates and higher unemployment rate of welfare recipients. The findings indicate that welfare programs have substantial effects on virtually every labor market transition examined but that the primary source of the static work disincentive effect is slower entry into …


The Democrats Victory, Hyman P. Minsky Ph.D. Jan 1986

The Democrats Victory, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Handwritten, apparently intended for the St. Louis Journalism Review


Indiana State University Financial Report 1986, Indiana State University Jan 1986

Indiana State University Financial Report 1986, Indiana State University

Financial Reports

No abstract provided.


Gatt Ministerial Meeting Punta Del Este, Uruguay, Clayton K. Yeutter Jan 1986

Gatt Ministerial Meeting Punta Del Este, Uruguay, Clayton K. Yeutter

Clayton K. Yeutter, United States Secretary of Agriculture: Papers

Mr. Chairman, fellow delegates, this week GATT faces an historic challenge. Our task is more difficult than any that has confronted world trade since the very creation of GATT in 1947. What we do in Punta del Este will determine whether GATT remains a functional, dynamic institution serving the interests of its members or declines into a static and passive association that is irrelevant to the needs of international trade.


Taxation, Hyman P. Minsky Ph.D. Jan 1986

Taxation, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Chapter 13-Part 2: “Taxation,” in Stabilizing an Unstable Economy: A Twentieth Century Fund Report. New Haven, CT: Yale University Press, 1986.


Notes Made On Banca D'Italia Notepad, Hyman P. Minsky Ph.D. Jan 1986

Notes Made On Banca D'Italia Notepad, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.


All Democratic Party Needs Is To Implement Old Ideas, Hyman P. Minsky Ph.D. Jan 1986

All Democratic Party Needs Is To Implement Old Ideas, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns "The Economy from the Not-So Ivory Tower."


The Expected Short Half Life Of Reaganism, Hyman P. Minsky Ph.D. Jan 1986

The Expected Short Half Life Of Reaganism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Undated. Previously unpublished.


Vii. The Current Standard Theory: The Post Keynesian Synthesis, Hyman P. Minsky Ph.D. Jan 1986

Vii. The Current Standard Theory: The Post Keynesian Synthesis, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

This chapter is a draft of Chapter VI. in Stabilizing an Unstable Economy: A Twentieth Century Fund Report. New Haven, CT: Yale University Press, 1986. It has the same first sentence/ opening quote, but the documents diverge some from there.


Stabilizing An Unstable Economy: The Lessons For Industry, Finance And Government, Hyman P. Minsky Ph.D. Jan 1986

Stabilizing An Unstable Economy: The Lessons For Industry, Finance And Government, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Pages 31-44, in Karl Aiginger (Osterreichisches Institut fur Wirtschaftsforschung). Weltwirtschaft Und Unternehmerische Strategien: Wirtschaftspolitik Im Spannungsfeld Zum Innovationsprozess. (Global Economy And Entrepreneurial Strategies: World Economy In The Economic Field To The Innovation Process…) Stuttgart, Germany: G. Fischer; Wien, Austria: Osterreichische Investitionskredit Aktiengesellschaft: Osterreichisches Institut fur Wirtschaftsforschung, ©1986.


Keynesian Socialism, Hyman P. Minsky Ph.D. Jan 1986

Keynesian Socialism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Handwritten on five, single-sided notebook pages, this brief piece is the draft for an article in Italian in Mondoperaio in April 1986. That article appears as a separate entry in this Archive as "Keynes E I Socialisti."