Macroeconomics Commons^™

Interdependence Across Foreign Exchange Rate Markets- A Mixed Copula Approach, Richard Adjei-Boateng

Masters Theses & Specialist Projects

The purpose of this thesis is to study the dependence structure of exchange rate pairs using a mixture of copula as opposed to a single copula approach. Mixed copula models have the ability to generate dependence structures that do not belong to existing copula families. The flexibility in choosing component copulas in this mixture model aids the construction of a system that is simultaneously parsimonious and flexible enough to generate most dependence patterns in exchange rate data. Furthermore, the method of mixture copulas facilitates the separation of both the structure and degree of dependence, concepts that are respectively embodied in …

Opioid Overdose And Unemployment In The Uk, Hayden Grace

Mahurin Honors College Capstone Experience/Thesis Projects

Opioid overdose in the United Kingdom has risen drastically over the last few years along with the rise in the use of zero-hours contracts. Zero-hours contracts are contracts for employment that guarantee no work but can anchor a person to a job that doesn’t pay above minimum wage when they do not receive work. Since opioid use is often associated with poorer economic conditions in the United States, this paper attempts to measure any correlation between poverty and opioid use in the UK. Using zero-hours contracts as a proxy for underemployment we use several regression models to determine the predictability …

[Sabbatical Report], Claudia Strow

Sabbatical Reports

This document summarizes my sabbatical leave activities for spring semester, 2014. Below my accomplishments are discussed, and the value of the sabbatical leave to my teaching and research is assessed. The main activities I conducted during my sabbatical leave period included work on a new research project examining FMLA's impact on breastfeeding, the writing of a second edition of a textbook, substantial revisions for an accepted publication for the Journal of 'Markets and Morality, a revise and resubmit of a manuscript for the Journal of Applied Economics and Public Policy, an interview for Voice of America, the presentation of a …

[Sabbatical Report], Youn Kim

Sabbatical Reports

I commenced the research as proposed in my application in collaboration with Keith McLaren of Monash University, Australia and Gary Wong of the University of Macau, China. I had worked with them on a related project which will be published in a journal this year. The new project is titled "Consumer Demand, Consumption, and Asset Pricing: An Integrated Analysis."

An Application Of The Income Elasticity Concept To The Demand For Housing, Loyce Bagwell

Masters Theses & Specialist Projects

Many studies approach the housing-income relationship by calculating the income elasticity of demand for housing. This study employs this approach in order to (1) test the implications of the permanent income hypothesis by using data which provide both biased and unbiased elasticity coefficients and (2) test the effects which the explanatory variable, family composition, may have on the elasticity coefficients.

The methodology involves regressing the log of housing expenditure on the log of disposable income for seven different family compositions in order to obtain the income elasticity coefficients. This approach is applied to data (cross section 1960-61 BLS consumer surveys) …