Social and Behavioral Sciences Commons^™

Volatility Of Central Europe Exchange Rates: Reaction To Financial Contagion, And Policy Recommendations For European Union Accession, Lucjan T. Orlowski, Thomas D. Corrigan

WCBT Faculty Publications

Examines the volatility of the exchange rates in Central Europe. Role of capital account liberalization and financial market integration in exchange rate stability; Remedies employed to financial problems of each countries; Impact of Asian and Russian financial crises on currencies of Central European countries; Recommendations for European Union accession.

Judgment Proofing, Bankruptcy Policy, And The Dark Side Of Tort Liability, Charles W. Mooney Jr.

All Faculty Scholarship

No abstract provided.

The Regional Economic Impact Of Cleveland's Maritime Operation: An Update, Ziona Austrian, Charles Post, Adina Swirski Wolf

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Multivariate Density Forecast Evaluation And Calibration In Financial Risk Management: High-Frequency Returns On Foreign Exchange, Francis X. Diebold, Jinyong Hahn, Anthony S. Tay

Research Collection School Of Economics

We provide a framework for evaluating and improving multivariate density forecasts. Among other things, the multivariate framework lets us evaluate the adequacy of density forecasts involving cross-variable interactions, such as time-varying conditional correlations. We also provide conditions under which a technique of density forecast calibration can be used to improve deficient density forecasts, and we show how the calibration method can be used to generate good density forecasts from econometric models, even when the conditional density is unknown. Finally, motivated by recent advances in financial risk management, we provide a detailed application to multivariate high-frequency exchange rate density forecasts. © …

Marketing Loan Looks Better Than Alternatives In 1999; Grain Storage Considerations For 1999-2000, Donald Peterson, Alan May

Economics Commentator

No abstract provided.

Essays On The Political Economy Of The Dominican Reform Process, Julio Gabriel Andujar

FIU Electronic Theses and Dissertations

This dissertation provides an analytical framework to study the political economy of policy reform in the Dominican Republic during the nineties. Based on a country study, I develop two theoretical models that replicate the mechanisms of policy approval in developing countries with weak democracies. The first model considers a pro-reform President who submits a tariff bill to an anti-reform Congress dominated by the opposition party. In between, two opposing lobbies try to get their favored policy approved. Lobbies act as Stackelberg leaders vis a vis a weak President. The behavior of the Congress is determined exogenously while the lobbies act …

Economic Currents: The State Of The State Economy, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

In the midst of continuing economic growth, we are seeing signs of a possible future slowdown in the Commonwealth’s economy. June’s Leading Economic Index for Massachusetts was down nearly a percentage point from its May level, and consumer confidence fell moderately in the same month. In the labor market, there is evidence that inflationary pressures may be building.

The Challenge Of Administration By Regulation: Preliminary Findings Regarding The U.S. Government's Venture Capital Funds, Jonathan G.S. Koppell

Publications from President Jonathan G.S. Koppell

This article assesses the ability of elected officials to control public policy as implemented by public/private hybrid organizations, specifically, government venture capital funds. The study reveals greater control over OPIC investment funds than Enterprise Funds despite the existence of more traditional administrative tools of control for Enterprise Funds. This finding suggests that the regulatory infrastructure for hybrid organizations is more determinative of control than the existence (or lack) of traditional administrative control tools. Thus the challenge of hybrid government centers on the development of regulation as a substitute for administration.

Social Security Privatization: A Bad Idea, Walter M. Cadette

Archives of the Levy Economics Institute

No abstract provided.

Industrial Resources: Mccracken County - Paducah, Kentucky Library Research Collections

McCracken County

"Resources for Economic Development: Paducah, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Greater Paducah Economic Development Council, Paducah, Kentucky, October 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Henry County, Kentucky Library Research Collection

Henry County

"Resources for Economic Development: Henry County, Kentucky" prepared by the Kentucky Cabinet for Economic Development Division of Research in cooperation with the Henry Count Industrial Foundation Eminence, Kentucky and the Henry County Chamber of Commerce New Castle, Kentucky, October, 1999. The report includes, but not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial site, local government and service, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Interests, Institutions, And Ideology In Securing Policy Change: The Republican Conversion To Trade Liberalization After Smoot‐Hawley, Douglas A. Irwin, Randall S. Kroszner

Dartmouth Scholarship

This paper investigates how changes in both institutional incentives and economic interests are important for securing durable changes in economic policy. We study how bipartisan support developed to sustain the Reciprocal Trade Agreements Act (RTAA) of 1934, which fundamentally transformed U.S. trade policy. The durability of this change was achieved only when the Republicans, long‐time supporters of high tariffs who originally vowed to repeal the RTAA, began to support this Democratic initiative in the 1940s. We find little evidence of an ideological shift among Republicans, but rather an increased sensitivity to export interests for which the institutional structure of the …

St. Cloud Area Quarterly Business Report, Vol. 01, No. 04, Richard A. Macdonald, Mark Partridge

St. Cloud Area Quarterly Business Report

No abstract provided.

Strategic Buyers And Privately Observed Prices, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

A model of repeated price competition with large buyers is analyzed. The sellers are allowed to offer different prices to different buyers and the buyers act strategically. The set of subgame perfect Equilibria is investigated under public and private monitoring. With public monitoring the equilibrium set with large buyers expands relative to the standard model where each buyer is small and behaves myopically. With private monitoring, where prices are not observable to the competing sellers, the set of equilibrium payoffs shrinks . In the finitely repeated game with private monitoring, all sales are made by the efficient seller. In the …

Econ 104 - Shaikh And Milberg, Anwar Shaikh Phd, William Milberg Phd

Archives of Anwar Shaikh

A single folder that contains: the outline of the course GE 104, Fall 1999, Historical Foundations of Political Economy I, taught by Shaikh and Milberg with "occasional lectures" by Robert Heilbroner. There is also some material for GECO II, Spring 2004; copies of NYT articles from 5/12/2005,8/8/05, 10/3/2005, and 10/4/2005, the first titled, "Forced labor said to bind 12.3 million people around the world," by Steven Greenhouse, one by Paul Krugman titled "That hissing sound,' one by Andrew Revkin on Bhutan's happiness measurement, and another showing happiness levels in the US and other nations; a press release from the ILO …

Repeated Games With Almost-Public Monitoring, George J. Mailath, Stephen Morris

Cowles Foundation Discussion Papers

In repeated games with imperfect public monitoring, players can use public signals to coordinate their behavior perfectly, and thus support cooperative outcomes with the threat of punishments. But with even a small amount of private monitoring, players’ private histories may lead them to have sufficiently different views of the world that such coordination on punishments is no longer possible (we describe a simple strategy profile that is a perfect public equilibrium of a repeated prisoner’s dilemma with imperfect public monitoring, and yet is not an equilibrium for arbitrarily close games with private monitoring). If a perfect public equilibrium has players’ …

Survey Of Multifractality In Finance, Benoit Mandelbrot

Cowles Foundation Discussion Papers

No abstract provided.

World Income Components: Measuring And Exploiting Risk-Sharing Opportunities, Stefano G. Athanasoulis, Robert J. Shiller

Cowles Foundation Discussion Papers

We provide a method for decomposing the variance of changes in incomes in the world into components, world income components (WICs), in such a way as to indicate the most important risk-sharing opportunities among people of the world. We develop a constant absolute risk premium model, an intertemporal general equilibrium model of the world that facilitates consideration of optimal contract design. We show that for a contract designer maximizing a social welfare function, the optimal risk-management contracts maximize the equilibrium world real interest rate. That is the contract designer achieves the risk-optimal interest rate. We show that these WIC securities …

Stationary Multi Choice Bandit Problems, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

This note shows that the optimal choice of k simultaneous experiments in a stationary multi-armed bandit problem can be characterized in terms of the Gittins index of each arm. The index characterization remains equally valid after the introduction of switching costs.

Technological Progress And Its Effects On The Interaction Between Money Supply And Demand: A Cointegration Approach, Patrick J. Holly Jr. '99

Honors Projects

The purpose of this paper is to analyze the significance of the effect current payment technologies ha e had on money supply and demand. Specific attention will be giv n to M1 and M2 stocks and velocities, th Fed Funds Rate and National Income, and how their interaction with each other has been affectrd by technology development. Using Electronic Fund Transfer and Automated Teller Machine introduction as a proxy or current technological development in a cointegration test model it is found that current payment technologies have had mixed effects on money supply and demand, and the interaction between their associated …

Capitalism And Human Rights, Rhoda E. Howard-Hassmann

Political Science Faculty Publications

Books Discussed in this Article:

Amnesty Intemational (Dutch Section) and Pax Christi International, Multinational Enterprises and Human Rights: a Report. Utrecht, November 1998.

G.B. Madison, The Political Economy of Civil Society and Human Rights. New York: Routledge, 1998.

William H. Meyer, Human Rights and International Political Economy in Third World Nations. Westport, Conn: Praeger, 1998.

Industrial Resources: Whitley County - Williamsburg, Kentucky Library Research Collections

Whitley County

"Resources for Economic Development: Williamsburg, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Williamsburg Economic Development Office, Williamsburg, Kentucky, September 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Oldham County, Kentucky Library Research Collections

Oldham County

"Resources for Economic Development: Oldham County, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Oldham County Office of Economic Development, LaGrange, Kentucky, September 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Montgomery County - Mount Sterling, Kentucky Library Research Collections

Montgomery County

"Resources for Economic Development: Mt. Sterling, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Mt. Sterling/ Montgomery County Industrial Authority, Mt. Sterling, Kentucky, September 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Lee County - Beattyville, Kentucky Library Research Collections

Lee County

"Resources for Economic Development: Beattyville-Lee County, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with Beattyville-Lee County Chamber of Commerce, Beattyville, Kentucky, September 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources - Cumberland County, Kentucky Library Research Collections

Cumberland County

"Resources for Economic Development: Burkesville (Cumberland County), Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Menifee County - Frenchburg, Kentucky Library Research Collections

Menifee County

"Resources for Economic Development: Frenchburg, [Kentucky]}" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the City of Frenchburg, Frenchburg, Kentucky, September 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Clinton County - Albany, Kentucky Library Research Collections

Clinton County

"Resources for Economic Development: Albany (Clinton County), Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, 1999. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

How Useful Are Forecasts Of Corporate Profits, Dean D. Croushore

Economics Faculty Publications

If forecasters predict higher earnings for corporations, the stock market will rise. Stock prices will drop with a forecast of lower earnings. But are such forecasts on the money? Dean Croushore uses data from the Survey of Professional Forecasters to check the accuracy of forecasts of corporate profits. The results show that, despite the volatility of corporate profits, the forecasts are rational.

Rock 'N Roll Daze 1999: Visitor Characteristics And Expenditure Study, Michael A. Hamley, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

Provides expenditure characteristics, economic impacts, and visitor characteristics of attendees to the 1999 Rock 'n Roll Daze event in Missoula, Montana. Areas of examination include demographics, satisfaction levels, reasons for attending, and expenditures by attendees to Rock 'n Roll Daze 1999, a music and cultural festival celebrating the 1950s and 1960s.