Economics Commons^™

Rhode Island Current Conditions Index -- June 2013, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Imf Dilemma, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Pakistan borrowed nearly $8 billion from the IMF under its standby facility during 2008 and began repayments in 2011. The amount together with interest must be repaid by end 2014 — almost $5bn must be paid between March 2013 and end 2014.

A debate is raging between those who believe there is no alternative to entering a fresh programme with the Fund — standby or the Extended Fund Facility — and others who want to shun the IMF. To the former, the short-term liquidity situation leaves little choice.

Others believe the new government’s room for maneuverability will be constricted by …

Rhode Island Current Conditions Index -- May 2013, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Changing Dynamics Of The Employment Gap And Its Macroeconomic Implications, William Brian Gowen

Honors Projects in Economics

There has been much discussion about the sluggish economic recovery out of the recent recession. However, the lag in employment growth is not unique to the most recent recovery. Jobless recoveries have plagued the U.S. economy over the last three business cycles. The reasons for this change have remained largely inconclusive, with several factors highlighted in the current literature. This paper uses Vector Autoregression (VAR) to analyze the employment gap in the United States over the past six decades. Unlike previous studies, it accounts for the most recent recession while also addressing alternative explanations - trade and globalization, government employment, …

Relationship Between Interest Rate And Bank Common Stock Return: Evidence From The Top 10 United States Banks And Financial Sector Index, Hieu Trung Tran

Honors Projects in Finance

This research paper investigates the effect of changes in long-term interest rates on the returns of the top 10 US banks included in the Financial Sector Index. There are three main parts of this paper.

The first part uses the Augmented Dickey-Fuller (ADF) test to test the “Random Walk” of banks’ common stock returns. Based on the test’s results, returns of banks’ common stock do not solely follow the “Random Walk”.

In the second part, the Two-Factor Arbitrage Pricing Theory is employed to test the effect of changes in long-term interest rate on the return of banks’ common stocks. The …

Has Government Tax Policy In Greece Led To A Large Shadow Economy?, Nils Thompson

Honors Projects in Economics

This capstone investigates the impact that tax policy has on the shadow economy in Greece. Greece has one of the largest shadow economies in the world and the largest in the European Union, with tax evasion being one of the main drivers. While previous research has provided measures of the shadow economy, none matches the shadow economy estimations with policies, laws, and agencies enacted by the government, specifically over the period in time of 1990-2012. This study contributes to the literature by connecting the policies implemented by the government with the size of the shadow economy in Greece, along with …

Rhode Island Current Conditions Index -- April 2013, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Returns To Schooling: A Quantile Regression, Arman Oganisian

Annual Celebration of Student Scholarship and Creativity

This paper contributes to the large body of economic literature that attempts to estimate the returns to schooling. It uses quantile regression to estimate the effect of an additional year of education on monthly wage for earners in different quantiles. Using data from the young men’s cohort of the National Longitudinal Survey, the paper attempts to control for ability, family background, geography, and race, and finds that the returns to schooling is approximately 3.49% for men. Furthermore, the paper finds that while the effect of education on earnings is not significantly different from quantile to quantile, the significance of education …

Rhode Island Current Conditions Index -- March 2013, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Applying Well-Being Metrics To Public Policy: Lessons From Experiments Around The World, Carol Graham

Brookings Scholar Lecture Series

The ongoing research activity of economists who study what constitutes happiness and make recommendations to governments about how best to increase it continues to receive global attention. The recent publication of the first World Happiness Report, commissioned for the United Nations General Assembly, argues that happiness can be measured objectively; that it differs systematically across societies and over time; that happiness has predictable causes and is correlated to specific things (such as wealth, income distribution, health, and political institutions); and government has the ability to create the right conditions for happiness to flourish. The U.S. National Academy of Sciences, meanwhile, …

Rhode Island Current Conditions Index -- February 2013, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- January 2013, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

American Influence In The International Financial Institutions, Shawn Rosen, Jonathan R. Strand

McNair Poster Presentations

As the world becomes more globalized and the prosperity of new, rising powers begins to challenge that of long-standing powers, many scholars and policy-makers have begun to examine America’s place in the global political economy. Ongoing changes in the world politi­cal economy such as the flourishing economies in the BRICS countries (Brazil, Russia, India, China, and South Africa), continued integration in Europe, as well as questions about eco­nomic policies derived from American dominated neoliberal ideology have raised many doubts regarding how long the United States can remain the world leader. The conventional wisdom holds that the United States has enough …

Euro Zone Crisis Management And The New Social Europe, Philomila Tsoukala

Georgetown Law Faculty Publications and Other Works

This article analyzes the changes in European governance since the beginning of the euro crisis in relation to the project of constructing Social Europe. The article tracks the incorporation of a structural reform agenda originally designed as bailout conditionality for countries on the verge of default into EU economic governance as a strategy for growth. Beyond the contestable grounds of this reform agenda, its adoption by the EU in the mode of crisis management poses serious questions of legitimacy. The new enhanced economic coordination process includes obligatory guidelines in domains under the legislative competence of Member States, such as labor …

Returns To Schooling: A Quantile Regression, Arman Oganisian

Economics Student Scholarship

This paper contributes to the large body of economic literature that attempts to estimate the returns to schooling. It uses quantile regression to estimate the effect of an additional year of education on monthly wage for earners in different quantiles. Using data from the young men’s cohort of the National Longitudinal Survey, the paper attempts to control for ability, family background, geography, and race, and finds that the returns to schooling is approximately 3.49% for men. Furthermore, the paper finds that while the effect of education on earnings is not significantly different from quantile to quantile, the significance of education …

Rhode Island Current Conditions Index — December 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index — November 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index — October 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index — September 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index — August 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index — July 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index — June 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index — May 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Politics Of Economics: A Study On The Effect Of Political Affiliation On Economic Aptitude, Anthony Nader

Honors Projects in Economics

This research is based on a June 2010 Wall Street Journal article outlining a study conducted on the economic literacy of adults versus their political affiliation (Klein, 2010). Adults were surveyed on eight questions regarding simple economic knowledge and then asked their political affiliation. The study found that people who consider themselves very conservative on average answered 1.3 questions wrong, versus an average of 5.26 questions wrong for people who consider themselves very liberal. This same effect was to be measured in the classroom as to whether or not conservatives tended to fare better in economics classes than liberals. The …

Rhode Island Current Conditions Index — April 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Gender Discrimination Across U.S. States: What Has Changed Over The Past Thirty Years?, Joshua Ballance

Honors Projects in Economics

This study examines changes in the gender wage gap and level of gender discrimination in the United States over the period1980-2010 at the national and state levels. Using data from the U.S. Current Population Survey, this study applies the Blinder-Oaxaca Decomposition to separate the explained and unexplained variations in the gender pay gap. The unexplained variation proxies the level of gender discrimination faced by U.S. workers. The wage equation estimated utilizes the Heckman methodology to control for sample selection bias. Results with and without sample selectivity controls are included in this paper.

This study reports the gender pay gap in …

Rhode Island Current Conditions Index — March 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Effects Of Political Institutions On Public Budgeting, Andrew Burnos

Political Science Theses and Capstones

Economics around the globe has been a growing issue of late due to the current economic crisis. This study focuses on political institutional factors that influence spending in a particular country. The variables used in this study include Gross Domestic Product (GDP), Tax Revenue as Percent of GDP, and current account balance to name a few. This research looks at the relationship between proportional representation compared to majoritarian systems as well as presidential compared to parliamentary systems and how these relate to public budgeting. This research updates the analysis of Persson and Tabellini in their book The Economic Effects of …

Library Impact Statement For Eec 3xx Economics Of Climate Change, Andree J. Rathemacher

Library Impact Statements

Library Impact Statement for EEC3XX Economics of Climate Change new course proposal. No new library resources are needed to support this course. Responding library faculty member: Andree J. Rathemacher. Requesting faculty member: Corey Lang

Rhode Island Current Conditions Index — February 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.