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Yale Nurse, Yale School Of Nursing Sep 1987

Yale Nurse, Yale School Of Nursing

Yale School of Nursing Alumni Newsletters and Magazines

No abstract provided.


Yale Scientific Magazine: Volume 62, Number 1 Sep 1987

Yale Scientific Magazine: Volume 62, Number 1

Yale Scientific Magazine

No abstract provided.


Competitive Equality Banking Act Of 1987, U.S. Congress Aug 1987

Competitive Equality Banking Act Of 1987, U.S. Congress

Documents

No abstract provided.


Population Growth And Econombn Ic Development, T. N. Srinivasan Jul 1987

Population Growth And Econombn Ic Development, T. N. Srinivasan

Discussion Papers

No abstract provided.


The Issue Of Weights In Panel Surveys Of Individual Behavior, Jan M. Hoem Jul 1987

The Issue Of Weights In Panel Surveys Of Individual Behavior, Jan M. Hoem

Discussion Papers

No abstract provided.


The Term Structure Of Interest Rates (With U.S. Government Term Structure Data), Robert J. Shiller, J. Huston Mcculloch Jul 1987

The Term Structure Of Interest Rates (With U.S. Government Term Structure Data), Robert J. Shiller, J. Huston Mcculloch

Cowles Foundation Discussion Papers

This paper consolidates and interprets the literature on the term structure, as it stands today. Definitions of rates of return, forward rates and holding returns for all time intervals are treated here in a uniform manner and their interrelations, exact or approximate, delineated. The concept of duration is used throughout to simplify mathematical expressions. Continuous compounding is used where possible, to avoid arbitrary distinctions based on compounding assumptions. Both the theoretical and the empirical literature are treated. The attached tables by J. Huston McCulloch give term structure data for U.S. government securities 1946-1987. The tables give discount bond yields, forward …


Weak Convergence Of Sample Covariance Matrices To Stochastic Integrals Via Martingale Approximations, Peter C.B. Phillips Jul 1987

Weak Convergence Of Sample Covariance Matrices To Stochastic Integrals Via Martingale Approximations, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Under general conditions the sample covariance matrix of a vector martingale and its differences converges weakly to the matrix stochastic integral from zero to one of ∫ 0 1 BdB ’, where B is vector Brownian motion. For strictly stationary and ergodic sequences, rather than martingale differences, a similar result obtains. In this case, the limit is ∫ 0 1 BdB ’ + Λ and involves a constant matrix Λ, of bias terms whose magnitude depends on the serial correlation properties of the sequence. This note gives a simple proof of the result using martingale approximations.


An Aggregative Disequilibrium Model Of The U.S. Labour Market, Vassilis A. Hajivassiliou Jul 1987

An Aggregative Disequilibrium Model Of The U.S. Labour Market, Vassilis A. Hajivassiliou

Cowles Foundation Discussion Papers

A model is presented in which aggregation over microsectors, each in different extent of disequilibrium, has implications analogous to the standard single aggregate sector switching disequilibrium model. Empirical implementation of the model of this paper is less involved than estimation of the standard model. Hence the approach here may be seen both as providing an underlying micro justification for the switching disequilibrium model, and as a computationally simpler (though statistically less efficient) technique. The model is estimated from post-war labour market quarterly data for the U.S. Manufacturing sector. We find the supply side more satisfactorily determined than in past disequilibrium …


Bimodal T-Ratios, Peter C.B. Phillips, Vassilis A. Hajivassiliou Jul 1987

Bimodal T-Ratios, Peter C.B. Phillips, Vassilis A. Hajivassiliou

Cowles Foundation Discussion Papers

This paper studies the sampling distribution of the conventional t -ratio when the sample cromprises independent draws from a standard Cauchy (0,1) population. It is shown that this distribution displays a striking bimodality for all sample sizes and that the bimodality persists asymptotically. An asymptotic theory is developed in terms of bivariate stable variates and the bimodality is explained by the statistical dependence between the numerator and denominator statistics of the t -ratio. This dependence also persists asymptotically. These results are in contrast to the classical t statistic constructed from a normal population, for which the numerator and denominator statistics …


Testing Strictly Concave Rationality, Rosa L. Matzkin, Marcel K. Richter Jul 1987

Testing Strictly Concave Rationality, Rosa L. Matzkin, Marcel K. Richter

Cowles Foundation Discussion Papers

We prove that the Strong Axiom of Revealed Preference tests the existence of a strictly quasiconcave (in fact, continuous, generically C (∞), strictly concave, and strictly monotone) utility function generating finitely many demand observations. This sharpens earlier results of Afriat, Diewert, and Varian that tested (“nonparametrically”) the existence of a piecewise linear utility function that could only weakly generate those demand observations. When observed demand is also invertible, we show that the rationalizing can be done in a C (∞) way, thus extending a result of Chiappori and Rochet from compact sets to all of R ( n ). For …


Partially Identified Econometric Models, Peter C.B. Phillips Jul 1987

Partially Identified Econometric Models, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper studies a class of models where full identification is not necessarily assumed. We term such models partially identified. It is argued that partially identified systems are of practical importance since empirical investigators frequently proceed under conditions that are best described as apparent identification. One objective of the paper is to explore the properties of conventional statistical procedures in the context of identification failure. Our analysis concentrates on two major types of partially identified model: the classic simultaneous equations model under rank condition failures; and time series spurious regressions. Both types serve to illustrate the extensions that are needed …


Frb Bulletin Volume 73, Number. 6 - Measuring The Foreign- Exchange Value Of The Dollar, Dianne Pauls Jul 1987

Frb Bulletin Volume 73, Number. 6 - Measuring The Foreign- Exchange Value Of The Dollar, Dianne Pauls

Documents

Federal Reserve Bulletin - Volume 73 Ӣ Number 6 Ӣ June 1987


Office Of The Superintendent Of Financial Institutions Act, Government Of Canada Jun 1987

Office Of The Superintendent Of Financial Institutions Act, Government Of Canada

Documents

No abstract provided.


Towards The Implementation Of The Desirable Rules Of Monetary Coordination And Interventions, Koichi Hamada, Shin-Ichi Fukuda Jun 1987

Towards The Implementation Of The Desirable Rules Of Monetary Coordination And Interventions, Koichi Hamada, Shin-Ichi Fukuda

Discussion Papers

No abstract provided.


An Economic Theory Of Institutional Change: Induced And Imposed Change, Justin Yifu Lin Jun 1987

An Economic Theory Of Institutional Change: Induced And Imposed Change, Justin Yifu Lin

Discussion Papers

No abstract provided.


Joint Distribution Theory For Some Statistics Based On Liml And Tsls, Grant H. Hillier Jun 1987

Joint Distribution Theory For Some Statistics Based On Liml And Tsls, Grant H. Hillier

Cowles Foundation Discussion Papers

In the context of a single linear structural equation under classical assumptions, we derive the joint conditional density of the LIML endogenous coefficient estimator, and the usual characteristic root arising from the LIML procedure, given the OLS estimates of the reduced form coefficients for the excluded exogenous variables. This provides the joint distributions for various combinations of the statistics commonly used for inference in this model, and is hence an important stepping stone in the analysis of these procedures. The main result also leads to a new derivation of the density of the LIML estimator itself, and provides a result …


Effects Of The Changing U.S. Age Distribution On Macroeconomic Equations, Ray C. Fair, Kathryn M. Dominguez Jun 1987

Effects Of The Changing U.S. Age Distribution On Macroeconomic Equations, Ray C. Fair, Kathryn M. Dominguez

Cowles Foundation Discussion Papers

The effects of the changing U.S. age distribution on various macroeconomic equations are examined in this paper. The equations include consumption, money demand, housing investment, and labor force participation equations. Seven groups are analyzed: 16-19, 20-24, 30-39, 40-54, 55-64, and 65+. There seems to be enough variance in the age distribution data to allow reasonably precise estimates of the effects of a number of age categories on the macro variables. The results show that, other things being equal, age groups 30-39 and 40-54 consume less than average, invest less in housing than average, and demand more money than average. Age …


Valuation And Optimality In Exchange Economies With A Countable Number Of Agents, Charalambos D. Aliprantis, Donald J. Brown, Owen Burkinshaw Jun 1987

Valuation And Optimality In Exchange Economies With A Countable Number Of Agents, Charalambos D. Aliprantis, Donald J. Brown, Owen Burkinshaw

Cowles Foundation Discussion Papers

We present versions of the two fundamental welfare theorems of economics for exchange economies with a countable number of agents and an infinite dimensional commodity space. These results are then specialized to the overlapping generations model.


Silver And Gold And Liquidity, Martin Shubik Jun 1987

Silver And Gold And Liquidity, Martin Shubik

Cowles Foundation Discussion Papers

A simple model with trade in gold is explored where the cost of liquidity is measured in terms of utility foregone by using the gold as a money or means of payment rather than for utilitarian purposes. We close with remarks on the use of both silver and gold.


Asymptotic Properties Of Residual Based Tests For Cointegration, Peter C.B. Phillips, Sam Ouliaris Jun 1987

Asymptotic Properties Of Residual Based Tests For Cointegration, Peter C.B. Phillips, Sam Ouliaris

Cowles Foundation Discussion Papers

This paper develops an asymptotic theory for residual based tests for cointegration. These tests involve procedures that are designed to detect the presence of a unit root in the residuals of (cointegrating) regressions among the levels of economic time series. Attention is given to the augmented Dickey-Fuller (ADF) test that is recommended by Engle-Granger (1987) and the Z(a) and Z(t) unit root tests recently proposed by Phillips (1987). TWo new tests are also introduced, one of which is invariant to the normalization of the cointegrating regression. All of these tests are shown to be asymptotically similar and simple representations of …


Yale Scientific Magazine: Volume 61, Number 4 Jun 1987

Yale Scientific Magazine: Volume 61, Number 4

Yale Scientific Magazine

No abstract provided.


A New Measure Of Disparities In Development, Pavel Sicherl May 1987

A New Measure Of Disparities In Development, Pavel Sicherl

Discussion Papers

No abstract provided.


Knightian Decision Theory, Part Ii: Intertemporal Problems, Truman F. Bewley May 1987

Knightian Decision Theory, Part Ii: Intertemporal Problems, Truman F. Bewley

Cowles Foundation Discussion Papers

The theory of choice proposed in “Knightian Decision Theory, Part I” is here applied to intertemporal problems. An analogue of dynamic programming called maxmin programming is developed. Also, it is shown that detailed contingent planning may not be needed in order to achieve maximality, a program being maximal if no other program is preferred to it. In certain circumstances, a maximal program can be achieved by making a finite calculation in each period. This calculation ignores distant future states and could also ignore unlikely contingencies. A decision maker making such calculations would behave much like a satisficer.


Implementational Issues And Computational Performance Solving Applied General Equilibrium Models With Slcp, Thomas Rutherford May 1987

Implementational Issues And Computational Performance Solving Applied General Equilibrium Models With Slcp, Thomas Rutherford

Cowles Foundation Discussion Papers

This paper reports on an implementation of Mathiesen’s sequential method for solving applied general equilibrium models. In this approach, the underlying nonlinear complementarity problem is solved by successive linearization. The paper discusses model formulation, implementation and performance. Several test problems and empirical models are used to evaluate efficiency and robustness.


The Regulation Of Tyrosine Phosphorylation During The Differentiation Of A Human Leukemia, David Alan Frank May 1987

The Regulation Of Tyrosine Phosphorylation During The Differentiation Of A Human Leukemia, David Alan Frank

Yale Medicine Thesis Digital Library

HL-60 promyelocytic leukemia cells are an excellent model system for studying hematopoietic differentiation. This study sought to determine how tyrosine phosphorylation and the enzymes which regulate it are controlled during HL-60 differentiation.HL-60 cells normally contain about 1.5% of their phosphoaminoacids as phosphotyrosine. Upon granulocytic differentiation, phosphotyrosine content decreases to 0.1 to 0.3% of phosphoaminoacids. HL-60 cells possess a tyrosine kinase activity located in the particulate fraction which can phosphorylate a number of tyrosine-containing substrates in a time- and temperature-dependent fashion. It has a k$\sb{\rm m}$ for ATP of about 20 uM, a pH optimum of 6.4, and a preference for …


Mutagenesis And Dna Repair In Mammalian Cells, Peter M. Glazer May 1987

Mutagenesis And Dna Repair In Mammalian Cells, Peter M. Glazer

Yale Medicine Thesis Digital Library

No abstract provided.


Equilibria In Exchange Economies With A Countable Number Of Agents, Charalambos D. Aliprantis, Donald J. Brown, Owen Burkinshaw Apr 1987

Equilibria In Exchange Economies With A Countable Number Of Agents, Charalambos D. Aliprantis, Donald J. Brown, Owen Burkinshaw

Cowles Foundation Discussion Papers

The existence of equilibria is established in an overlapping generations exchange economy, where each generation lives for two periods and the commodity space is the positive cone of an infinite dimensional Riesz space. In particular, we establish the existence of equilibria in the stochastic overlapping generations model, i.e., we establish the existence of equilibria when the commodity space in each period is L ∞ equipped with the Mackey topology τ( L ∞ , L 1 ).


Nota Bene; Volume I, Number I, Yale University Library Apr 1987

Nota Bene; Volume I, Number I, Yale University Library

Nota Bene

Nota Bene is published during the academic year to acquaint the Yale community and others with the resources of the Yale Library.


Yale Nurse, Yale School Of Nursing Apr 1987

Yale Nurse, Yale School Of Nursing

Yale School of Nursing Alumni Newsletters and Magazines

No abstract provided.


Prosperity And Stability In Hong Kong – A Cultural Approach, John C. H. Fei Apr 1987

Prosperity And Stability In Hong Kong – A Cultural Approach, John C. H. Fei

Discussion Papers

No abstract provided.