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Social and Behavioral Sciences Commons™
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- Macroeconomics (3)
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- Balance of Payments (1)
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- Child labor -- Bolivia (1)
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- Forest management -- Bolivia (1)
- Globalization -- Economic aspects (1)
- Grocery trade -- Willamette River Valley (Or.) (1)
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- Migrant agricultural laborers (1)
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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
The More Divergent, The Better? Lessons On Trilemma Policies And Crises For Asia, Joshua Aizenman, Hiro Ito
The More Divergent, The Better? Lessons On Trilemma Policies And Crises For Asia, Joshua Aizenman, Hiro Ito
Economics Faculty Publications and Presentations
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the extent of policy divergence among the three trilemma policy choices—monetary independence, exchange rate stability, and financial openness—we find that emerging market economies have adopted trilemma policy combinations with the smallest degree of policy divergence in the last 15 years. We then investigate whether and to what extent the degree of open macro policy convergence affects the probability of a crisis and find that a developing or emerging market economy with a higher …
International Reserves Before And After The Global Crisis: Is There No End To Hoarding?, Joshua Aizenman, Yin-Wong Cheung, Hiro Ito
International Reserves Before And After The Global Crisis: Is There No End To Hoarding?, Joshua Aizenman, Yin-Wong Cheung, Hiro Ito
Economics Faculty Publications and Presentations
We evaluate the global financial crisis (GFC) and the structural changes of recent years that have been associated with new patterns of hoarding international reserves. We confirm that the determining factors of international reserves are evolving with developments in the global economy. From 1999–2006, the pre-GFC period, gross saving is associated with higher international reserves in developing and emerging markets. An outward direct-investment effect is consistent with the view of diverting international assets from the international reserve account, the “Joneses’ effect” lends support to the rivalry hoarding motivation, and commodity price volatility induces hoarding against uncertainty. During the 2007–2009 GFC, …
Child Labor, The Wealth Paradox, And Common Forest Management In Bolivia, Randall Bluffstone
Child Labor, The Wealth Paradox, And Common Forest Management In Bolivia, Randall Bluffstone
Economics Faculty Publications and Presentations
That wealthier developing country households may rely more heavily on child labor than poorer households has come to be known as the “wealth paradox.” This paper tests for a wealth paradox with regard to common natural resource wealth by analyzing the relationship between child labor and improved common property forest management (CPFM) in Bolivia. Data are analyzed using several econometric methods and it is found that households experiencing more effective CPFM generally use more forest-based and total child labor. The analysis also confirms others’ findings of a private wealth paradox with regard to private land and extends the analysis to …
Working Paper No. 36, The Rise Of Marginalism: The Philosophical Foundations Of Neoclassical Economic Thought, Emily Pitkin
Working Paper No. 36, The Rise Of Marginalism: The Philosophical Foundations Of Neoclassical Economic Thought, Emily Pitkin
Working Papers in Economics
This inquiry examines the works of the early thinkers in marginalist theory and seeks to establish that certain philosophical assumptions about the nature of man led to the development and ultimate ascendance of neoclassical thought in the field of economics. Jeremy Bentham’s key assumption, which he develops in his 1781 work, A Fragment on Government and an Introduction to the Principles of Morals and Legislation, that men are driven by the forces of pain and pleasure led directly to William Stanley Jevons and Carl Menger’s investigation and advancement of utility maximization theory one hundred years after Bentham, in 1871. …
Living With The Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, And Output Losses For Developing Countries, Joshua Aizenman, Hiro Ito
Living With The Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, And Output Losses For Developing Countries, Joshua Aizenman, Hiro Ito
Economics Faculty Publications and Presentations
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate stability, and financial openness, we find that emerging market countries have adopted trilemma policy combinations with the least degree of relative policy divergence in the last fifteen years. We find that a developing or emerging market country with a higher degree of relative policy divergence is more likely to experience a currency or debt crisis. However, a developing …
Food Deserts And Migrant Farmworkers: Assessing Food Access In Oregon's Willamette Valley, Katie Grauel, Kimberlee J. Chambers
Food Deserts And Migrant Farmworkers: Assessing Food Access In Oregon's Willamette Valley, Katie Grauel, Kimberlee J. Chambers
Geography Faculty Publications and Presentations
Food insecurity, often correlated with “food deserts,” affects migrant and seasonal farmworkers (MSFW) at greater rates than other populations. Our research evaluates the food desert experiences of MSFW communities in Oregon's Willamette Valley. Through GIS mapping, interviews with MSFW, and food retailer inventories, our research helps elucidate the degree to which the geographical distribution of food retailers and the products they carry affects MSFW. Access to food retailers was assessed for distances of 0.25, 1.5, 5, and 10 miles. Mapping locations of registered MSFW labor camps (n = 62) and food retailers (n = 215) in the Willamette Valley revealed …