Economics Department, University of Massachusetts Amherst
CUNY Bernard M Baruch College
University of Pennsylvania
Eastern Illinois University
Rollins College
University of Abuja
Claremont McKenna College
Illinois Wesleyan University
Exploring The Adoption And Impact Of Bitcoin: A Comparative Analysis,
2023
Eastern Washington University
Exploring The Adoption And Impact Of Bitcoin: A Comparative Analysis, Zachary S. Biedscheid
2023 Symposium
Bitcoin, a decentralized digital currency, has gained significant attention recently as a potential alternative to traditional financial systems. This research project aims to explore the adoption and impact of Bitcoin by conducting a comparative analysis of its use in different countries and regions. The study will begin by examining the history and evolution of Bitcoin, its underlying technology, and its potential advantages and disadvantages compared to traditional financial systems. The project will then investigate Bitcoin adoption in different regions, including North America, Europe, Asia, and Africa, by analyzing data from relevant sources such as surveys, news articles, and academic research. …
Breaking The Promise: The Burden Of Unfunded Liabilities On Future Generations,
2023
Liberty University
Breaking The Promise: The Burden Of Unfunded Liabilities On Future Generations, Thomas Savidge
Helm's School of Government Conference
This paper discusses the trillions of dollars in government debt accumulated by state governments as well as the costs of debt on future generations. It examines unfunded pension liabilities, unfunded other post-employment benefit (OPEB) liabilities, as well as state bonded obligations and the crowding out effect of public debt onto state budgets. The paper also discusses opportunities for reform that can help alleviate the debt burden on future generations. Data are collected from state annual comprehensive financial reports (ACFRs) as well as public pension and OPEB actuarial valuations.
Renovating America's Electrical Grid: Renewable Sources And Resilient Delivery,
2023
Fordham University
Renovating America's Electrical Grid: Renewable Sources And Resilient Delivery, Justin O'Hare Giffee
Student Theses 2015-Present
Since the late 1800s, America’s electrical grid systems have relied primarily upon fossil fuels for sources of electricity. Due to the outdated structural foundations and glaring holes in distribution networks, the existing electrical grids struggle with electricity escaping, and modern issues such as cybersecurity, resilience, and weather-related events associated with climate change. This essay discusses ongoing problems with current electric grid systems and aims at explaining the importance of incorporating renewables as a solution for these problems into a new grid system. In the first chapter, a detailed explanation is provided regarding the current issues present in America's grid systems. …
Understanding Romania's Poverty: A Historical Overview Of Economics And Politics And Their Implications On Poverty Today,
2023
Liberty University
Understanding Romania's Poverty: A Historical Overview Of Economics And Politics And Their Implications On Poverty Today, Benjamin Bucur
Senior Honors Theses
Romania is a country with a high-income economy that is experiencing considerable growth following its economic reforms of earlier decades. With growth, tendencies for an unequal society are prevalent. Therefore, appropriate economic policies that are specifically targeted toward bottlenecks are essential. This thesis seeks to outline the major types of poverty in Romania while also offering actionable entrepreneurial and educational insights that practically combat poverty at its roots.
Income Inequality And Economic Growth: An Analysis,
2023
University of Arkansas, Fayetteville
Income Inequality And Economic Growth: An Analysis, Nicholas Martin
Economics Undergraduate Honors Theses
Income inequality and its relationship with economic growth has been a subject of debate in academia for decades. This paper examines the relationship the Gini index of five selected countries and four macroeconomic variables (GDP growth, unemployment rate, lending interest rate, and savings rate) for each country with two developed nations being represented (United States and Italy) and three developing nations being represented (Peru, Belarus, and Indonesia). After reviewing the literature on the relationship between income inequality and economic growth, a multivariate regression analysis of each country is presented; first with GDP growth as the dependent variable, followed by a …
Drowning In Debt: Understanding Debt-For-Climate Swaps Through A Case Study Of The Belize Blue Bond,
2023
University of Pennsylvania
Drowning In Debt: Understanding Debt-For-Climate Swaps Through A Case Study Of The Belize Blue Bond, Sheil Desai
Honors Theses (PPE)
Debt-for-climate swaps are an increasingly popular policy to help developing countries achieve debt sustainability and invest in climate action. However, there is a lack of research that critically evaluates the limitations of debt-for-climate swaps. In this paper, I seek to understand the challenges and successes of debt-for-climate swap through an analysis of the 2021 Belize Blue Bond, a case study representing the most ambitious and innovative debt-for-climate swap to date. I begin with an overview of the global eco-bond market and the history and structure of debt-for-climate swaps. I then retrace the economic history of Belize to contextualize the events …
Legal Setbacks, Disbursement Sudden Stops, And Fiscal Stimulus: An Empirical Characterization Of A Recent Philippine Characterization Of A Recent Philippine Fiscal Experience,
2023
De La Salle University-Manila
Legal Setbacks, Disbursement Sudden Stops, And Fiscal Stimulus: An Empirical Characterization Of A Recent Philippine Characterization Of A Recent Philippine Fiscal Experience, Lawrence B. Dacuycuy, Mariel Monica R. Sauler
Angelo King Institute for Economic and Business Studies
No abstract provided.
The Institutional Drivers Contributing To Billionaire Wealth At The Sector Level,
2023
Florida International University
The Institutional Drivers Contributing To Billionaire Wealth At The Sector Level, Rob Piper
Class, Race and Corporate Power
Over the last 50 years (the period of neoliberalism) the national wealth of the United States reached unprecedented levels. Despite this dramatic increase in national wealth, an increasing amount of American wealth has found its way into the hands of a smaller percentage of the population. Indicative of this inequality, the number of individuals that have achieved a net worth of $1 billion (billionaires) has increased at a higher rate than any other time in American history. Descriptive evidence and analysis of macroeconomics from scholarly literature and journalism attributes this dramatic increase in billionaire wealth to certain comprehensive and interrelated …
Recessionary Woes: Examining Economic Policies And Their Impact On Student Loan Debt And Housing Stability In The United States,
2023
Trinity College
Recessionary Woes: Examining Economic Policies And Their Impact On Student Loan Debt And Housing Stability In The United States, Connor Recck
Senior Theses and Projects
Recessionary periods can seldom be avoided, but our modern public infrastructure has designed mechanisms to respond to these downturns. Economic policy has rapidly changed over the last 50 years, and the types of tools policymakers use have evolved with it. When looking at the Great Recession (2007-2009) and the COVID-19 recession (2020), a federal response structure was vital for the health of the macroeconomy. These recessionary periods serve as case studies for a review of economic policymaking activity in the United States since 2000. To examine the efficacy of the federal government’s fiscal and monetary infrastructure, policies focused on supporting …
Macroeconomic Determinants Of Stock Market Development In Sample African Economies,
2023
American University in Cairo
Macroeconomic Determinants Of Stock Market Development In Sample African Economies, Ehab Ayoub
Theses and Dissertations
This research paper studies the relationship between macroeconomic determinants as independent variables and different measures of stock market development as dependent variables across selected emerging economies in Africa for the period of 2002 to 2021, with a quarterly frequency using time series analysis. The independent variables used are Core Inflation, Deposit Rate, Foreign Direct Investment (FDI), FX Rate against USD, Domestic Credit, Gross Domestic Product (Real GDP), Exports, Imports, External Debt, and Foreign Reserves. We use these variables as our main determinants of measuring economic growth. With regards to stock market development, we use four proxy measures as our benchmark, …
On Income Inequality And Poverty In Egypt: Is Prosperity Immoral?,
2023
American University in Cairo
On Income Inequality And Poverty In Egypt: Is Prosperity Immoral?, Mohamed Karim Lotfy Abdelkhalek
Theses and Dissertations
There are varying perspectives on, and divergent solutions to, the phenomena of income inequality and poverty. There seems to be polarizing views on both of these sensitive topics. One side of the argument believes income inequality should in itself be mitigated through redistribution measures, while the other argues that this should not be the focus of policy makers, as it deters them from facing the more pressing issue facing society – which is absolute poverty. The relationship between income inequality, poverty, and citizen well-being in Egypt is one that warrants further research, and this paper aims to fill this lacuna. …
Asymmetric Effects In Geopolitical Risk And Foreign Reserves Accumulation Among Brics Countries,
2023
Sacred Heart University
Asymmetric Effects In Geopolitical Risk And Foreign Reserves Accumulation Among Brics Countries, Kwame O. Asomaning
Doctoral Dissertations (DBA)
Over the past decade, the rise of Geopolitical Risk (GPR) has had a significant effect on macro financial variables, prompting central banks to accumulate reserves as a "war chest" to protect their economies from the detrimental effects of such shocks. This study examines the asymmetries in the long run, short run, and locational asymmetric effects on foreign reserves in the BRICS countries, using both the Nonlinear ARDL (NARDL) and Quantile ARDL (QARDL) models over the period 2000Q1–2021Q4. The results of the NARDL model suggest that GPR has long-run asymmetric effects for BRICS, while in the short run, all countries display …
Evolving Marketization, Societal Trends, And Indicators In Chile And The Andean Region,
2023
Fort Lewis College
Evolving Marketization, Societal Trends, And Indicators In Chile And The Andean Region, Cristian Andres Sepulveda, Clifford J. Shultz, Mark Peterson
Markets, Globalization & Development Review
The effects of marketization on Chile and the broader Andean Region are profound and systemic. Key indicators reveal trends toward economic growth, improved social conditions, and sustainable development. The marketization of the Andean Region, however, is a complex and evolving process. We report on recent developments, which necessitate some reflection on trends and prognoses. In particular, while marketization has led to better education, increased social mobility, and enhanced well-being, one of the most important challenges facing countries in the region is ensuring that the benefits of marketization are shared equitably among all members of society. Priorities include further improvements in …
Sellers’ Inflation, Profits And Conflict: Why Can Large Firms Hike Prices In An Emergency?,
2023
Economics Department, University of Massachusetts Amherst
Sellers’ Inflation, Profits And Conflict: Why Can Large Firms Hike Prices In An Emergency?, Isabella M. Weber, Evan Wasner
Economics Department Working Paper Series
The dominant view of inflation holds that it is macroeconomic in origin and must always be tackled with macroeconomic tightening. In contrast, we argue that the US COVID-19 inflation is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices. Such firms are price makers, but they only engage in price hikes if they expect their competitors to do the same. This requires an implicit agreement which can be coordinated by sector-wide cost shocks and supply bottlenecks. We review the long-standing literature on price-setting in concentrated markets and survey earnings …
A Philosophical And Empirical Investigation Into Buddhist Economics,
2023
Claremont Colleges
A Philosophical And Empirical Investigation Into Buddhist Economics, Hannah Doyle
CMC Senior Theses
There is a growing body of literature on Buddhist economics from a philosophical perspective; however, no work to date has sought to empirically validate it as an effective economic theory at a global scale. In my paper, I draw on the long history of Buddhist metaphysics to construct an account of Buddhist ethics and then proceed to derive a set of Buddhist economic principles. I draw on the World Happiness Report’s methodology to quantitatively demonstrate the relationship between Buddhist economic principles and the psychological wellbeing of a country’s citizens, as measured through their own evaluation of their quality of life …
Endogenous Business Cycles And Economic Policy,
2023
University of Massachusetts Amherst
Endogenous Business Cycles And Economic Policy, Peter Skott
Economics Department Working Paper Series
This paper examines the dynamics of Keynesian models that incorporate feedback effects from the labor market to income distribution, in- vestment, aggregate demand and output. A baseline version of the model can generate endogenous growth cycles, but cumulative divergence and economic collapse also become possible for plausible parameter values. Extensions of the model that include monetary and Öscal policy show greater robustness: the local instability of the stationary point leads to limit cycles (rather than complete collapse), even when large, destabilizing changes are made to parameters describing the private sector. The robustness of the general approach is reinforced by the …
Monetary Policy Shocks And Firm Heterogeneity: A Cross-Country Comparison,
2023
University of Pennsylvania
Monetary Policy Shocks And Firm Heterogeneity: A Cross-Country Comparison, Fabio Tessiore
Wharton Research Scholars
This paper examines the extent to which monetary policy shock transmission effects differ within foreign countries due to firm heterogeneity. Current research heavily examines monetary policy in the US and a few other advanced economies; however, there is less extensive information regarding other foreign countries. The conceptual question of the paper is whether firms in foreign countries are affected by monetary policy shocks differently compared to firms in the US and to what extent. This paper discusses the effects of monetary policy in a sample of 43-48 countries. One of the most widely used measures of monetary policy shocks utilizes …
The Impact Of The Blm Protests Of 2020 On The Market For Black Fine Art,
2023
University of Pennsylvania
The Impact Of The Blm Protests Of 2020 On The Market For Black Fine Art, Mary E. Ayers
Wharton Research Scholars
This study investigates whether the death of George Floyd and the subsequent protests of Summer 2020 impacted the price of paintings by Black artists. Auction prices were pooled from December 1, 2017 to December 31, 2022, forming a pre and post period split by Floyd’s death. A treatment group of 22 Black artists and 22 Non-Black contemporaries of style and time period were fed into a mixed effects linear regression with a logarithmic transformation of price. Regression results reveal no significant change in the prices of paintings by Black artists relative to those of their Non-Black contemporaries with the exception …
A Novel Parking Management In Smart City Vehicular Datacenters,
2023
Old Dominion University
A Novel Parking Management In Smart City Vehicular Datacenters, Syed Rizvi, Susan Zehra, Steven Olariu
College of Sciences Posters
Researchers have shown that most vehicles spend the majority of their time parked in parking garages, lots, or driveways. During this time, their computing resources are unused and untapped. This has led to substantial interest in Vehicular Cloud, an area of research in which each vehicle acts as a computation node. The main difference between traditional cloud computing and vehicular cloud computing is the availability of nodes. In traditional clouds, nodes are available 24/7, while in vehicular clouds, nodes (vehicles) are only available while parked in parking lots. This creates a dynamic environment as vehicles enter and exit parking garages …
An Analysis Of Demand-Pull Inflation In The United States Post-Pandemic,
2023
Bucknell University
An Analysis Of Demand-Pull Inflation In The United States Post-Pandemic, Isabella A. Moynihan
Honors Theses
The COVID-19 pandemic led to a global shutdown of the economy resulting from both demand and supply shocks. Also, the significant decline in output and employment in the immediate aftermath of the pandemic led to a fast reaction from the government in the form of large fiscal rescue packages. At the end of 2021, the acceleration of inflation, which had been dormant for more than four decades, became the main topic of macroeconomic debates. The debate has revolved around the influence of cost-push versus demand-pull causes of inflation. The dominant view in the United States has been that inflation resulted …
