Essays On Housing Markets, 2020 The University of Western Ontario
Essays On Housing Markets, Yuxi Yao
Electronic Thesis and Dissertation Repository
Housing assets have long been the most important assets in household portfolios. Therefore, understanding the long-run trends of the key indicators in the housing market is important for understanding household housing tenure choice and asset allocation, evaluating household welfare, and analyzing financial stability. My thesis consists of three chapters accounting for the changes in homeownership rates, cross-city distribution of prices and rents, and aggregate housing prices in the United States for the past several decades.
Chapter 2 focuses on the decline in the homeownership rate among young households since 1980. I find that while some of the college graduates merely ...
The Effects Of The African Continental Free Trade Agreement On Africa's Regional Economic Communities: An Empirical Analysis, 2020 University of Toronto Schools
The Effects Of The African Continental Free Trade Agreement On Africa's Regional Economic Communities: An Empirical Analysis, Elizabeth Zhu
Undergraduate Economic Review
This study examines the economic effects of the African Continental Free Trade Agreement (AfCFTA) on three regional economic communities in Africa: COMESA, ECOWAS, and CEMAC. It scrutinizes the effects of the agreement on Africa’s largest trading partners: the EU, China, and America. Three scenarios are modelled using the GTAP CGE model: a removal of tariffs on 97% of goods, a removal of non-tariff barriers, and a combination of the previous two scenarios. The findings show that the welfare of all African regions increases due to AfCFTA, but to varying degrees, with CEMAC benefiting the least of the three regional ...
The Effect Of Endogenously-Determined Bullying On Test Scores, 2020 Singapore Management University
The Effect Of Endogenously-Determined Bullying On Test Scores, Hisham Bin Yacob Patel
Dissertations and Theses Collection (Open Access)
The problem of bullying is one of the main sources of adverse school environment. In this dissertation, I explore the effect of bullying on test scores, under the assumption that bullying is endogenously determined. Comparing my estimates with that from traditional OLS, I find that estimates from OLS grossly underestimates the effect of bullying on short-term student outcomes. I also find significant evidence of heterogeneity across various sub-groups; for example, male students are found to be less affected by bullying as compared to their female peers. Furthermore, male students are also found to be less affected by physical bullying while ...
Principles Of Macroeconomics, 2020 CUNY City College
Principles Of Macroeconomics, Ernesto Garcia Iii
Open Educational Resources
No abstract provided.
Essays In Macroeconomics Of Emerging Markets, 2020 The Graduate Center, City University of New York
Essays In Macroeconomics Of Emerging Markets, Miguel Acosta Henao
Dissertations, Theses, and Capstone Projects
Chapter 1. Law enforcement and the size of the informal sector.
I assemble new cross-country evidence showing that contrary to the standard view, the relationship between the size of the informal sector and tax rates is, at best, ambiguous. Law enforcement and informality also show no clear relation. Motivated by these findings, I augment a standard two-sector (formal and informal) small open economy model with endogenous law enforcement that depends on the size of the informal sector (measured by its assets) and government expenditure. I use a micro-dataset from Colombia to show that both taxes and law enforcement are necessary ...
Essays In Financial Economics And Applied Macroeconomics, 2020 The Graduate Center, City University of New York
Essays In Financial Economics And Applied Macroeconomics, Marius Mihai
Dissertations, Theses, and Capstone Projects
This dissertation consists of three chapters that cover topics in finance and macroeconomics.
Chapter 1 - Do Credit Booms Predict U.S. Recessions?
This paper investigates the role of bank credit in predicting U.S. recessions since the 1960s in the context of a bivariate probit model. A set of results emerge. First, credit booms are shown to have strong positive effects in predicting declines in the business cycle at horizons ranging from six to nine months. Second, by isolating the effect of credit booms, I identify their contributions to recession probabilities which range between three and four percentage points at ...
Essays In Retirement Economics, 2020 The Graduate Center, City University of New York
Essays In Retirement Economics, Gunnar Poppe Yanez
Dissertations, Theses, and Capstone Projects
This dissertation consists of three chapters.
The discrepancy between the high demand for annuities predicted by economic theory and the empirical low holdings of these assets, known as the annuity puzzle, is still not completely understood in economic studies of retirement finance. This paper assesses the effect of individuals' mortality risk learning process on annuitization. I isolate this effect by building a life-cycle model in which individuals have imperfect information of their true survival probability distribution, and therefore have to update their beliefs about it in a Bayesian manner. Using data on subjective mortality by the Health and ...
The Economic Implications Of Eliminating Coal Subsidies In G7 Countries, 2020 University of Toronto Schools
The Economic Implications Of Eliminating Coal Subsidies In G7 Countries, Rachel M. Kim, Pradnaya S. Pathak
Undergraduate Economic Review
This paper analyzes the economic implications of eliminating coal subsidies in G7 countries (Canada, France, Germany, Italy, Japan, United Kingdom, United States) in light of the Paris Agreement and the 2009 commitment to addressing climate change. The study uses a computable general equilibrium (CGE) model and contains three different simulations: production subsidy removal, consumption subsidy removal, and both consumption and production subsidy removal in G7 nations. Three variables were analyzed: economic welfare, market price, and output quantity. The results obtained using the Global Trade Analysis Project (GTAP) indicate that coal price increases and output quantity decreases, while economic welfare varies.
Irving Fisher, The Debt-Deflation Theory, And The Crisis Of 2008-2009, 2020 McGill University
Irving Fisher, The Debt-Deflation Theory, And The Crisis Of 2008-2009, Zacharie Quiviger
Undergraduate Economic Review
Irving Fisher’s 1932 Booms and Depressions presents a fully specified, nine-pronged model of financial crises that has been widely forgotten by modern macroeconomists. This article builds on the renewed interest in Fisher’s Debt-Deflation Theory to explore its pertinence to the Great Recession. By parsing through macroeconomic data from the 2000s, it finds evidence of debt-deflation spiraling and of the nine Fisherian “main factors” co-varying as the author had predicted during the 2008-2009 financial crisis. The article concludes in assessing the uses of Fisher’s work in current macroeconomics and in arguing for a greater consideration of its insights.
Imf And European Institutions During The Sovereign Debt Crisis, 2020 University of Pennsylvania
Imf And European Institutions During The Sovereign Debt Crisis, Ziyu Yan
Joseph Wharton Scholars
While the European Sovereign Debt crisis presented unprecedented challenges to the European institutions in addressing the vulnerabilities of its financial sector, it gave rise to the effective cooperation between the European Commissions, the European Central Bank (ECB), and the International Monetary Fund (IMF), collectively known as the Troika. This paper reviews the interactions between the IMF and the euro area official lenders in three programme countries: Greece, Portugal, and Ireland. A close examination of the lending terms changes revealed an evolving understanding of the crisis by the European institutions. This paper analyzes the impact that the IMF had on the ...
The Effect Of The Second-Stage Anti-Corruption Campaign On Provincial Development In China, 2015-2017, 2020 The University of San Francisco
The Effect Of The Second-Stage Anti-Corruption Campaign On Provincial Development In China, 2015-2017, Zhenyao Yuan
China had experienced long-term economic growth since the reform in 1978. With the communism system shifts in the socialist market economy, the country's legal institution and administration are facing corruption's challenge. President Xi Jinping takes action against deep corruption in China after coming to power in 2013. To observe the impact of the second stage of the anti-corruption campaign on provincial economic development since the Fifth Plenary Session of the 18th Central Committee of the Communist Party of China in 2015 to the 19th National Congress of the Communist Party of China in 2017, this project downloads and ...
An Estimated New Keynesian Model For The Egyptian Economy, 2020 The University of San Francisco
An Estimated New Keynesian Model For The Egyptian Economy, Dalia Elgebaly
This paper aims to identify the drivers of Egypt’s aggregate macro fluctuations during the period 2002-2013. In particular, the paper will empirically investigate the effects of the unexpected shocks to consumers’ preference, cost-push, technology, and monetary policy on the dynamic behavior of output growth, inflation, and short-term nominal interest rate. The paper estimates a dynamic stochastic general equilibrium (DSGE) model with sticky prices for Egypt within a New Keynesian framework. The paper uses maximum likelihood, with quarterly data of key macroeconomic variables: GDP, inflation rate, and nominal interest rate from year 2002q1 until 2013q4. We have found that preferences ...
Evaluating The Effectiveness Of Quantitative Easing: An Svar Approach, 2020 James Madison University
Evaluating The Effectiveness Of Quantitative Easing: An Svar Approach, Seth 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 ...
The Effects Of South Africa's Unexpected Monetary Policy Shocks In The Common Monetary Area, 2020 Boise State University
The Effects Of South Africa's Unexpected Monetary Policy Shocks In The Common Monetary Area, Bonang N. Seoela
Boise State University Theses and Dissertations
The Common Monetary Area (CMA) is a multilateral agreement that provides a framework for a fixed exchange rate regime between the South-African Rand and the currencies of Lesotho, Eswatini, and Namibia (LEN). The nature of the arrangement restrains the LEN countries from exercising independent discretionary monetary policy. As a result, they must rely on the South African authorities for policy formulation and implementation. Interest rates in the LEN countries cannot deviate too far from those in South Africa. Given this limited scope for monetary policy in the LEN countries, this study investigates how each member country adjusts to shocks to ...
Addressing Urban Income Inequality Through Education: A Case Study In Atlanta, 2020 University of Arkansas, Fayetteville
Addressing Urban Income Inequality Through Education: A Case Study In Atlanta, Garrett Bronn
Finance Undergraduate Honors Theses
For decades, the income inequality gap between the rich and poor has continued to expand dramatically, with criticism of existing education systems often at the heart of the issue. Large urban cities are commonly at the forefront of the issue, given the plethora of teacher strikes in recent years. Events such as the 11-day Chicago teacher’s strike in October of 2019 that idled academics and college prep for 350,000 students, have highlighted many current education issues (Hauck, 2019). With underfunded and poorly equipped middle and high schools, students in poor and minority neighborhoods in cities are less prepared ...
A Macroeconomic Investigation Of The Labor Market Matching Efficiency, 2020 The University of Maine
A Macroeconomic Investigation Of The Labor Market Matching Efficiency, Sarah M. Welch
Electronic Theses and Dissertations
The first section of this research explores how traditional measures of unemployment can mask important changes in the labor market across the business cycle. We therefore use broader definitions of unemployment to estimate time-varying job-matching efficiency rates that are consistent with vacancies and hiring activity data for the U.S. Our efficiency rates are then modeled along with employment data to study their dynamic, non-linear relationship. We find that including part-time workers for economic reasons as well as marginally attached workers helps explain the changes in employment patterns observed after the global financial crisis, emphasizing the importance of accounting for ...
Monetary Policy And Income Inequality In The United States And Spain, 2020 Olivet Nazarene University
Monetary Policy And Income Inequality In The United States And Spain, Brooke Whetstone
Honors Program Projects
Background Contractionary monetary policy has long term effects on inequality (Feldkircher & Kakamu, 2018). However, other forms of monetary policy do not have a clear effect on income inequality. Central banks defend the position that other factors are the driving forces behind income inequality (Powell, 2018).
Methodology This investigation utilized ANOVA Regression analysis to determine if income inequality, as measured by wage growth by sector, is related to interest rates in the United States and Spain. If applicable, slopes of the regression lines for each sector were compared to see if they were significantly different, in a statistical sense.
Results At ...
Exchange Rate Regimes And Economic Growth, 2020 Bellarmine University
Exchange Rate Regimes And Economic Growth, Amandarae Matthew
This paper explores the relationship between economic growth and exchange rate regimes among countries of lower income, lower middle income, upper middle income, and high-income countries. Countries must make careful consideration when choosing an exchange rate regime because each regime can have different long-term effects. A cross section pooled time series data will be used for a sample of 42 countries over the period of 2000-2018. Multiple models will examine the various relationships between types of exchange rate regimes, changes in exchange rate regimes, and economic growth. The components of the models being tested include political stability, change in terms ...
Econ 308: Differences In Big Banks And Small Banks, 2020 Longwood University
Econ 308: Differences In Big Banks And Small Banks, Danielle Hess
Spring Student Showcase for Research and Creative Inquiry
62% of the world's population has a bank account, whether it be checking, savings, or some other form of account. There are thousands of different banks across the world, ranging in size from one branch to hundreds. What is the main difference between small and large banks? This project breaks down the differences between the balance sheets of different small and large banks.
Restructuring And Forgiveness In Financial Crises D: The Japanese Financial Crisis Of The 1990s, Christian M. Mcnamara, Andrew Metrick
Journal of Financial Crises
In November 1997 the Japanese government confronted a problem of enormous proportions when the turmoil that had been roiling the financial markets since the collapse of a real estate and stock market asset bubble in 1990 reached a crescendo with the failure of four major financial institutions in quick succession in the space of a month. Prior to these failures, the damage done by the collapsing bubble had seemed to be limited to certain segments of the financial landscape, and the government’s response consisted largely of targeted intervention when necessary for clearly insolvent financial institutions, with a more comprehensive ...