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Full-Text Articles in Social and Behavioral Sciences
Covid-19: A Black Swan?, Ben M. Uehlinger
Covid-19: A Black Swan?, Ben M. Uehlinger
Senior Honors Projects, 2020-current
A Black Swan, as termed by Nassim Taleb, is an unexpected, high magnitude event that is often rationalized in hindsight. 9/11 and the Financial Crisis of 2008 are two examples of these tail probability events. Though COVID-19 has been regarded as momentous and unexpected, Taleb does not credit it as a true Black Swan. This paper aims to compare COVID-19 to these recent Black Swans in terms of predictability and significance. Cointegration was tested across 11 major sectors. Further economic indicators were explored with the goal of discussing the broader context of each event. It was concluded that COVID-19 was …
An Economic Analysis Of The Short-Term Rental Market: Local Regulatory Decisions, Joseph L. Kauffman, Harrison D. Hooper
An Economic Analysis Of The Short-Term Rental Market: Local Regulatory Decisions, Joseph L. Kauffman, Harrison D. Hooper
Senior Honors Projects, 2020-current
In recent years, short-term home rental companies such as Airbnb and Vacation Rentals by Owner (VRBO) have grown in popularity throughout the United States and the world. The lack of regulation of this rapid growth, which stemmed from the legal grey area these rentals fall under, caused some states to adopt specific regulatory policies. These regulatory policies attempt to better monitor this sector, to tax rental earnings, and to reduce perceived negative externalities to this new market. This thesis researches the benefits and costs that short-term rentals (STRs) provide to cities and the regulatory implications on the growing rental market. …
Evaluating The Effectiveness Of Quantitative Easing: An Svar Approach, Seth T. Walker
Evaluating The Effectiveness Of Quantitative Easing: An Svar Approach, Seth T. Walker
Senior Honors Projects, 2020-current
The 2008 recession affected the American economy more than any recession since the Great Depression. Unlike its response to the Great Depression, the Federal Reserve aimed to stimulate the economy through all means in its power. However, the Federal Reserve’s conventional monetary policy tools were not viable options due to the zero lower bound. As a result, the Federal Reserve pursued an unconventional monetary policy tool known as quantitative easing which involved purchases of long-term assets on a scale never before seen in the United States. Since its inception, quantitative easing has faced significant scrutiny over its merit and has …