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Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis Of The Oil And Gas Field Services Industry, Patrick Kline Mar 2008

Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis Of The Oil And Gas Field Services Industry, Patrick Kline

Cowles Foundation Discussion Papers

This paper examines the response of employment and wages in the US oil and gas field services industry to changes in the price of crude petroleum using a time series of quarterly data spanning the period 1972-2002. I find that labor quickly reallocates across sectors in response to price shocks but that substantial wage premia are necessary to induce such reallocation. The timing of these premia is at odds with the predictions of standard models-wage premia emerge quite slowly, peaking only as labor adjustment ends and then slowly dissipating. After considering alternative explanations, I argue that a dynamic market clearing …


Derivatives Markets For Home Prices, Robert J. Shiller Mar 2008

Derivatives Markets For Home Prices, Robert J. Shiller

Cowles Foundation Discussion Papers

The establishment recently of risk management vehicles for home prices is described. The potential value of such vehicles, once they become established, is seen in consideration of the inefficiency of the market for single family homes. Institutional changes that might derive from the establishment of these new markets are described. An important reason for these beginnings of real estate derivative markets is the advance in home price index construction methods, notably the repeat sales method, that have appeared over the last twenty years. Psychological barriers to the full success of such markets are discussed.


Emerging Markets In An Anxious Global Economy, Ana Fostel, John Geanakoplos Mar 2008

Emerging Markets In An Anxious Global Economy, Ana Fostel, John Geanakoplos

Cowles Foundation Discussion Papers

We provide a theory of pricing for emerging asset classes, like emerging markets, that are not yet mature enough to be attractive to the general public. Our model provides an explanation for the volatile access of emerging economies to international financial markets and for several stylized facts we identify in the data during the 1990’s. We present a general equilibrium model with incomplete markets and endogenous collateral and an extension encompassing adverse selection. We show that contagion, flight to liquidity and issuance rationing can occur in equilibrium during what we call global anxious times.


Semiparametric Efficiency In Gmm Models Of Nonclassical Measurement Errors, Missing Data And Treatment Effects, Xiaohong Chen, Han Hong, Alessandro Tarozzi Mar 2008

Semiparametric Efficiency In Gmm Models Of Nonclassical Measurement Errors, Missing Data And Treatment Effects, Xiaohong Chen, Han Hong, Alessandro Tarozzi

Cowles Foundation Discussion Papers

We study semiparametric efficiency bounds and efficient estimation of parameters defined through general nonlinear, possibly non-smooth and over-identified moment restrictions, where the sampling information consists of a primary sample and an auxiliary sample. The variables of interest in the moment conditions are not directly observable in the primary data set, but the primary data set contains proxy variables which are correlated with the variables of interest. The auxiliary data set contains information about the conditional distribution of the variables of interest given the proxy variables. Identification is achieved by the assumption that this conditional distribution is the same in both …


Frbny Staff Report- Understanding The Securitization Of Subprime Mortgage Credit (Copy), Adam Ashcraft, Til Schuermann Mar 2008

Frbny Staff Report- Understanding The Securitization Of Subprime Mortgage Credit (Copy), Adam Ashcraft, Til Schuermann

Documents

No abstract provided.


U.S. Automotive Parts Industry Annual Assessment March 2008, United States: Department Of Commerce: International Trade Administration (Ita) Mar 2008

U.S. Automotive Parts Industry Annual Assessment March 2008, United States: Department Of Commerce: International Trade Administration (Ita)

Documents

No abstract provided.


The Spillover Of Money Market Turbulence To Fx Swap And Cross-Currency Swap Markets, Naohiko Baba, Frank Packer, Teppei Nagano Mar 2008

The Spillover Of Money Market Turbulence To Fx Swap And Cross-Currency Swap Markets, Naohiko Baba, Frank Packer, Teppei Nagano

Documents

No abstract provided.


The Virtues And Vices Of Equilibrium And The Future Of Financial Economics, J. Doyne Farmer, John Geanakoplos Mar 2008

The Virtues And Vices Of Equilibrium And The Future Of Financial Economics, J. Doyne Farmer, John Geanakoplos

Cowles Foundation Discussion Papers

The use of equilibrium models in economics springs from the desire for parsimonious models of economic phenomena that take human reasoning into account. This approach has been the cornerstone of modern economic theory. We explain why this is so, extolling the virtues of equilibrium theory; then we present a critique and describe why this approach is inherently limited, and why economics needs to move in new directions if it is to continue to make progress. We stress that this shouldn’t be a question of dogma, but should be resolved empirically. There are situations where equilibrium models provide useful predictions and …


Final Bankruptcy Court Examiner Report On The Bankruptcy Of New Century, Michael J. Missal Feb 2008

Final Bankruptcy Court Examiner Report On The Bankruptcy Of New Century, Michael J. Missal

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No abstract provided.


Comments By Secretary Paulson On Economy And Housing, Henry M. Paulson Jr. Feb 2008

Comments By Secretary Paulson On Economy And Housing, Henry M. Paulson Jr.

Documents

No abstract provided.


Paulson Delivers Remarks To The Economic Club Of Chicago, Henry M. Paulson Jr. Feb 2008

Paulson Delivers Remarks To The Economic Club Of Chicago, Henry M. Paulson Jr.

Documents

No abstract provided.


Aig Form 10-K - Fiscal Year 2007, United States: Securities And Exchange Commission (Sec), American International Group, Inc. (Aig) Feb 2008

Aig Form 10-K - Fiscal Year 2007, United States: Securities And Exchange Commission (Sec), American International Group, Inc. (Aig)

Documents

No abstract provided.


American International Group (Aig) 2007 10-K, American International Group, Inc. (Aig) Feb 2008

American International Group (Aig) 2007 10-K, American International Group, Inc. (Aig)

Documents

No abstract provided.


Freddie Mac Annual Report 2007, Richard F. Syron, Federal Home Loan Mortgage Corporation (Freddie Mac), Anthony S. Piszel Feb 2008

Freddie Mac Annual Report 2007, Richard F. Syron, Federal Home Loan Mortgage Corporation (Freddie Mac), Anthony S. Piszel

Documents

No abstract provided.


Assistant Secretary For Economic Policy Phillip Swagel Remarks On The U.S. Economy Before The Euromoney Bond Investors Congress, Phillip Swagel Feb 2008

Assistant Secretary For Economic Policy Phillip Swagel Remarks On The U.S. Economy Before The Euromoney Bond Investors Congress, Phillip Swagel

Documents

No abstract provided.


Citigroup 2007 10-K, Citigroup, Inc. Feb 2008

Citigroup 2007 10-K, Citigroup, Inc.

Documents

No abstract provided.


France: 2007 Article Iv Consultation: Staff Report; Staff Supplement; Public Information Notice On The Executive Board Discussion; And Statement By The Executive Director For France, International Monetary Fund (Imf) Feb 2008

France: 2007 Article Iv Consultation: Staff Report; Staff Supplement; Public Information Notice On The Executive Board Discussion; And Statement By The Executive Director For France, International Monetary Fund (Imf)

Documents

No abstract provided.


Kaupthing Bank Luxembourg Annual Report 2007, Kaupthing Bank Luxembourg Feb 2008

Kaupthing Bank Luxembourg Annual Report 2007, Kaupthing Bank Luxembourg

Documents

No abstract provided.


Interactions Between Fmri Bold-Activation During Reading Tasks And Mrs-Measured Metabolite Levels, Hassana Aisha Ibrahim Feb 2008

Interactions Between Fmri Bold-Activation During Reading Tasks And Mrs-Measured Metabolite Levels, Hassana Aisha Ibrahim

Yale Medicine Thesis Digital Library

Recent studies in the field of dyslexia have used magnetic resonance spectroscopy (MRS) to explore neurochemical manifestations of neurobiological differences in the brains of dyslexic adults compared to controls. This study examines the potential relationship between functional magnetic resonance imaging (fMRI) BOLD (blood oxygen level demand) activation scores in response to cognitive tasks and MRS-measured levels of a metabolite and a neurotransmitter, N-acetylaspartate (NAA) and gamma-aminobutyric acid (GABA) respectively, in the occipital region of brains of seven-year old children. Preliminary results from this multi-arm, longitudinal study indicate a significant positive correlation between fMRI BOLD signal elicited in response to picture-cues …


Sciatic Nerve Remyelination And Nodal Formation Following Olfactory Ensheathing Cell Transplantation, Mary A. Dombrowski Feb 2008

Sciatic Nerve Remyelination And Nodal Formation Following Olfactory Ensheathing Cell Transplantation, Mary A. Dombrowski

Yale Medicine Thesis Digital Library

Transplantation of olfactory ensheathing cells (OECs) into injured spinal cord results in improved functional outcome through axonal regeneration, remyelination, and neuroprotection. However, because little is known of the fate of OECs transplanted into injured peripheral nerve, their myelin forming potential requires investigation. To study these issues OECs were isolated from the olfactory bulbs of adult green fluorescent protein (GFP)-expressing transgenic rats and transplanted into a sciatic nerve crush lesions. Five weeks to six months after transplantation the nerves were studied histologically and it was determined that GFP-expressing OECs survived in the lesion and distributed longitudinally across the lesion zone. Immunostaining …


Cadherin-Based Adhesion Molecules For Classification Of Melanoma With Aqua Technology, Gretchen Melaine Graff Feb 2008

Cadherin-Based Adhesion Molecules For Classification Of Melanoma With Aqua Technology, Gretchen Melaine Graff

Yale Medicine Thesis Digital Library

Cadherin and catenin-family proteins regulate adhesion in malignant melanoma. Using AQUA (Automated Quantitative Analysis) to quantitate the levels of alpha-catenin, beta-catenin, p120-catenin, N-cadherin, E-cadherin, and P-cadherin in melanoma on tissue microarrays (TMAs), we classified 513 patients by protein expression using hierarchical clustering and regression analysis. The dendrogram supported positive correlations seen upon Spearman rho analysis of P-cadherin and beta-catenin (r=0.5238, p<0.0001) and negative, weak association of N-cadherin with other markers. Patients with high expression of N-cadherin had the highest 20-year survival rate (p=0.0003). Our adherens protein molecular classification of melanoma defines at least two distinctive sub-populations of melanoma patients, those with high expression of N-cadherin and those with low expression who have decreased survival. These findings extend previous cDNA array-based findings of an epithelioid class and neural crest class of melanomas.


Inhibition Of Erbb2 And Thymidylate Synthase By A Multi-Targeted Small-Interfering Rna In Human Breast Cancer Cell Lines, Rebecca Stephanie Hunter Feb 2008

Inhibition Of Erbb2 And Thymidylate Synthase By A Multi-Targeted Small-Interfering Rna In Human Breast Cancer Cell Lines, Rebecca Stephanie Hunter

Yale Medicine Thesis Digital Library

The therapeutic potential of a novel multi-targeted small-interfering RNA (siRNA) was investigated in human breast cancer cells. Previous studies had identified an siRNA that specifically and potently inhibited expression of thymidylate synthase (TS) by directly targeting human TS mRNA. TS is a folate-dependent enzyme that catalyzes the key reaction involved in synthesizing nucleotide precursors for DNA biosynthesis, and as such, it plays a critical role in maintaining cell growth. The goal of this thesis was to design and develop a novel siRNA molecule that targeted TS mRNA as well as a cellular mRNA that encodes a different cellular protein involved …


Bone Marrow Contribution To Renal Repair Following Ischemic Injury, Matthew Chandler Egalka Feb 2008

Bone Marrow Contribution To Renal Repair Following Ischemic Injury, Matthew Chandler Egalka

Yale Medicine Thesis Digital Library

Repair of the mammalian renal tubular epithelium following ischemia/reperfusion injury is largely effected by surviving epithelial cells and other cells resident in the kidney interstitium; however, the precise nature of the contribution of circulating extrarenal cells is unknown. The purpose of this study is to determine whether bone marrow cells have the capacity to differentiate into renal tubular epithelium. This was investigated using both an ex vivo transplantation model as well as an attempt to grow epithelial cells from bone marrow in a liquid culture system. Recipient female C57BL/6 mice were myeloablated via irradiation and transplanted in-travenously with lineage-depleted syngeneic …


Opening Statement Prepared For Delivery By Treasury Secretary Henry M. Paulson, Jr. On The Economy And Financial Markets, Henry M. Paulson Jr. Feb 2008

Opening Statement Prepared For Delivery By Treasury Secretary Henry M. Paulson, Jr. On The Economy And Financial Markets, Henry M. Paulson Jr.

Documents

No abstract provided.


Opening Statement By Secretary Henry M. Paulson, Jr. On The President's Fiscal Year 2009 Budget Before The House Committee On The Budget, Henry M. Paulson Jr. Feb 2008

Opening Statement By Secretary Henry M. Paulson, Jr. On The President's Fiscal Year 2009 Budget Before The House Committee On The Budget, Henry M. Paulson Jr.

Documents

No abstract provided.


Statement By Secretary Henry M. Paulson, Jr. On New Private Sector Effort To Reach Homeowners Facing Foreclosure 2/12/2008, Henry M. Paulson Jr. Feb 2008

Statement By Secretary Henry M. Paulson, Jr. On New Private Sector Effort To Reach Homeowners Facing Foreclosure 2/12/2008, Henry M. Paulson Jr.

Documents

No abstract provided.


Inflammatory And Thrombotic Responses To Microbial Products In Fetal Vessels Are Mediated Through Divergent Toll-Like Receptor Signaling Pathways: Implications In Fetal Inflammatory Response Syndrome, Shekar Ligia Davarya Feb 2008

Inflammatory And Thrombotic Responses To Microbial Products In Fetal Vessels Are Mediated Through Divergent Toll-Like Receptor Signaling Pathways: Implications In Fetal Inflammatory Response Syndrome, Shekar Ligia Davarya

Yale Medicine Thesis Digital Library

Placental vessels and the umbilical circulatory network function to carry oxygen and nutrients to the fetus. It is at this level that placental lesions such as villitis, obliterative vasculopathy, and thrombotic vasculopathy have been observed in association with fetal inflammatory response syndrome (FIRS) and cerebral palsy. We used human umbilical vein endothelial cells (HUVECs) as a model to study the regulation of inflammation and thrombosis in fetal vessels by microbial products. In this thesis we measured interleukin-8 (IL-8) and tissue factor (TF) expression by HUVECs treated with lipopolysaccharide (LPS), poly (I:C) (PIC), and peptidoglycan (PG). Our results show a profound …


Mitral Cell Dendritic Development In The Mouse Main Olfactory Bulb, Masha Rand Diede Feb 2008

Mitral Cell Dendritic Development In The Mouse Main Olfactory Bulb, Masha Rand Diede

Yale Medicine Thesis Digital Library

Correct targeting and differentiation of the mitral cell (MC) dendrites in the olfactory bulb (OB) is clearly essential for development of functional neuronal circuits. MCs, the primary OB projection neurons, receive odor information from OSN axons via axodendritic synapses on their apical dendrite; the signal is further processed via dendrodendritic synapses on MC lateral dendrites. In the adult, each MC cell apical dendrite targets a single glomerulus, ending in a characteristic glomerular tuft and receiving input from molecularly defined subsets of OSNs. MC lateral dendrites segregate deep to the glomerular layer, in a sublamina of the external plexiform layer. MC …


Statement By Treasury Secretary Henry M. Paulson, Jr. Following Meeting Of G-7 Finance Ministers And Central Bank Governors, Henry M. Paulson Jr. Feb 2008

Statement By Treasury Secretary Henry M. Paulson, Jr. Following Meeting Of G-7 Finance Ministers And Central Bank Governors, Henry M. Paulson Jr.

Documents

No abstract provided.


Lockhart, James B., Iii, Testimony Before The Senate Banking, Housing And Urban Affairs Committee, James B. Lockhart Feb 2008

Lockhart, James B., Iii, Testimony Before The Senate Banking, Housing And Urban Affairs Committee, James B. Lockhart

Documents

No abstract provided.