Macroeconomics Commons^™

Striking A Balance: Market Shock & Responses In Automotive Components Manufacturing, Emma Lane Mcgahey

All Theses

This thesis examines the effects of extreme market shocks on supply chain dynamics within the automotive industry. Through an analysis of demand data from an automotive manufacturer to its component suppliers (January 2018 to May 2024), the study investigates the relationship between market shocks and supply chain responses, providing insights into how auto components inventory management handles downstream responses to market shocks. With supporting public data—from FRED, BLS, and the U.S. Census Bureau resources—we explore two primary relationships: the impact of market shocks on the Average Standard Deviation of Demand (SDO) and the effect of demand variability on expedited pricing …

How Millennials Make Investment Decisions: Financial Literacy And Financial Behavior, Dewi Tamara, Anita Maharani

Economics and Finance in Indonesia

This study investigates the effect of financial literacy, financial attitude, risk perception, and financial behavior on investment decisions. Employing a survey method with 342 respondents in Jakarta, the findings reveal that financial literacy has a negative and insignificant effect on investment decisions. In contrast, risk perception plays a crucial role in influencing investment decisions. Furthermore, financial behavior has an indirect mediating effect between financial literacy and risk perception on investment decisions but does not affect financial attitude. This study concludes that risk perception and financial behavior are important factors in investment decisions. Future research may consider incorporating other variables such …

Could Renewable Energy Use Boost Goods Export Performance In Asean?, Sherina Rafidah Khairunnisa, Siskarossa Ika Oktora

Economics and Finance in Indonesia

ASEAN economic integration increases trade opportunities and also triggers an increase in carbon emissions, especially from exports of goods. ASEAN needs to switch to renewable energy to improve the performance of goods exports. This study analyzes the influence of renewable energy on goods exports in ASEAN, 2010–2020. The results show that renewable energy positively impacts the performance of goods exports. Based on the results of this research, it is hoped that the government in each ASEAN country can strengthen regulations and policies on the use of renewable energy by providing incentives for producers and exporters who use renewable energy.

How Can Monetary Policy And Digitalization Enhance Economic Productivity Among Oic Members?, Basri Basri, Muhammad Akbar Ramadhani

Journal Of Middle East and Islamic Studies

Studi ini bertujuan untuk menentukan dampak suku bunga, jumlah uang beredar, dan pengembangan TIK terhadap PDB per kapita dengan menggunakan pendekatan panel heterogen dinamis (panel ARDL) pooled mean group (PMG). Temuan kami menunjukkan bahwa kebijakan moneter memainkan peran penting bagi pendapatan per kapita di seluruh negara OKI pada tingkat pendapatan yang berbeda. Bagi OKI secara keseluruhan, suku bunga memiliki dampak positif dalam jangka panjang tetapi tidak berpengaruh dalam jangka pendek. Bagi sebagian besar LMIC dan UMIC, kenaikan suku bunga cenderung meningkatkan pendapatan per kapita, sedangkan bagi sebagian besar negara LIC, hubungannya negatif. Jumlah uang beredar memiliki dampak negatif terhadap pendapatan …

Interest Groups And Central Banking, Louis Rouanet, Michael Wroblewski

Hunt Institute Working Paper Series

This chapter offers an alternative approach to the public interest theory of central banking.Instead of interpreting the history of central banking as attempts to solve market failures, we suggest that central bank behavior can be best explained by studying the constraints faced by members of various interest groups, including members of the central banks themselves. Instead of looking uniquely at how private decisions in commercial markets shape central banks’ decisions, we argue that central bank behavior is best predicted when applying the tools of economics to politics, i.e., when using Public Choice.

The Role Of Demographic Change In Explaining Declining Labor Force Participation, Manoj Atolia, John Gibson, Felix Rioja

Hunt Institute Working Paper Series

The labor force participation rate has been declining in the United States since the late 1990s. Decomposing the aggregate labor force participation rate by age reveals that this decline is being driven by reduced participation among relatively young individuals, those aged 16 to 24. In fact, participation among older individuals, age 55 and above, has been increasing. In this paper, we develop a model in which individual decisions regarding schooling and retirement, in view of empirically observed changes in mortality, can simultaneously explain these three labor force participation trends. Furthermore, a counterfactual scenario that accounts for the observed demographic trends …

How To Make Everything About Sanctions? Review Of “How Sanctions Work, Iran And The Impact Of Economic Warfare” By Bajoghli, Nasr, Salehi-Isfahani, And Vaez (2024), Siamak Javadi, Alborz Pakravan, Ojan Bahadori, Alireza Akhondi

Markets, Globalization & Development Review

A 2024 book titled “How Sanctions Work, Iran and the Impact of Economic Warfare” by Narges Bajoghli, Vali Nasr, Djavad Salehi-Isfahani, and Ali Vaez argues that sanctions have had no impact on the behavior of the Islamic Republic in Iran (IR hereafter) and have instead inflicted pain on the ordinary Iranians. While the book does offer a useful description of the evolution of the sanctions against the IR, it fails in its analysis and conclusions.

A Simple Higher-Order Rational Email-Game Bubble Model And Some Implications For Momentum, Feng Liu

Hunt Institute Working Paper Series

We propose a simple higher-order rational greater-fool bubble model, where the period-1 information structure is motivated by an “information leakage” story, reminiscent of Rubinstein’s (1989) email game. Our nth-order bubble model requires only n + 2 states, and is thus simpler than that in Conlon (2004), which required n^2 + 5n + 5 states. Our model is also related to the two-agent-type case of the Araujo and Doblas-Madrid’s (2022) model, and we argue that our model might therefore not capture “momentum,” though simple extensions of it may be able to.

A Granular Investigation On The Stability Of Money Demand, Zhengyang Chen, Victor J. Valcarcel

Faculty Publications

A large literature has shown money demand functions constructed from simple-sum aggregates are unstable. We revisit the controversy surrounding the instability of money demand by examining cointegrating income-money relationships with the Divisia monetary aggregates for the U.S., and compare them with their simple-sum counterparts. We innovate by conducting a more granular analysis of various monetary assets and their associated user costs. We find characterizing money demand with simple-sum measures only works well in a period preceding 1980. Divisia aggregates, their components, and their user costs provide a more reliable interpretation of money demand. Subsample analysis across 1980 and 2008 suggests …

Selected U.S. Government Statistical Agencies And Their Data, Bert Chapman

Libraries Faculty and Staff Presentations

Provides introductory and detailed overview of U.S. Government agencies statistics. Includes examples of how an individual U.S. law authorizes government agencies to compile statistics for particular congressional committees and the general public. Statistics cover topics such as demography, defense, foreign assistance, economic growth, criminal justice, energy, Social Security, and Medicare.

Measuring Consumption Inequality At Household Level In Pakistan 2005-2019, Sahibzada Asadullah, Asfandyar Khan

Business Review

Reducing inequality has been the main focus of every country. This study is an attempt to measure consumption expenditure inequality in Pakistan by focusing on food and non-food components. The study uses secondary data to cover surveys from 2005-06 till 2018-19 using decomposed data taken from Household integrated expenditure survey of Pakistan. Gini coefficient has been used to measure inequality. The study finds fluctuating trends in inequality. Overall both food and non-food consumption inequality has slightly decreased but overall food consumption expenditure inequality increased in 2018-19 when we compared the results with year 2015-16. Food consumption inequality remain higher in …

A Comparative Study Of Indonesia And Malaysia's Economic Resilience In The Covid-19 Era: An Analysis Of Economic Stability, Muhammad Nur Abdul Latif Nur Latif Al Waroi

Jurnal Kajian Stratejik Ketahanan Nasional

This study analyzes the economic resilience of Indonesia and Malaysia during the COVID-19 pandemic, focusing on economic stability. The research explores pre-pandemic economic conditions, the impact of COVID-19 on GDP, inflation, unemployment, and government debt, as well as recovery efforts through fiscal and monetary policies. Data from Statistics Indonesia, Department of Statistics Malaysia, World Bank, and IMF were used. Results indicate that Indonesia experienced a faster economic recovery, with GDP growth returning to pre-pandemic levels quicker than Malaysia. The economic impact of the pandemic in Indonesia is lower, supported by the National Economic Recovery Program (PEN) and Bank Indonesia's monetary …

Essays On Macroeconomics And Banking, Christopher Naubert

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters.

Chapter 1 - The Heterogeneous Effects of Interest Rate Liftoff in an Estimated New Keynesian Model In recent years, the question of how central banks should proceed with lifting interest rates from the zero lower bound has moved into focus. I study how alternative plans for interest rate liftoff affect households across the income and wealth distribution in an estimated New Keynesian model with fixed heterogeneity and aggregate shocks. I solve the model globally and develop a new methodology for estimating globally solved, non-linear models. In the estimated model, I find that all agents …

Oer Textbook Review For Economics - Principles Of Economics, Openstax, Chiara Yates M.B.E.

Open Educational Resources Publications

Chiara Yates, an Adjunct Lecturer of Economics at Bentley University, reviews the OpenStax textbook "Principles of Economics, 3rd edition" in this comprehensive evaluation. The review assesses the textbook's comprehensiveness, accuracy, relevance, clarity, structure, and digital interface. The reviewer finds the textbook to be a valuable resource for introductory economics courses, praising its comprehensive coverage, clear explanations, and engaging features. The textbook is praised for having regular updates, user-friendly digital platform, and additional resources for educators. While highlighting its strengths, Yates also suggests areas for improvement, such as including more content on emerging economic issues like digital currencies.

Driving Green Investments To Address Climate Change, Baptiste Gibrat

Dartmouth College Master’s Theses

The climate crisis is no longer news, and society needs to accelerate the transition to net zero emissions. Otherwise, the consequences of climate change will become increasingly catastrophic.

This thesis develops a framework to drive green investments, which reduce society’s dependance on fossil fuels. Initially, the research provides a comprehensive examination of these investments, followed by an exploration of three strategies to enhance their adoption: leveraging financial instruments and capital markets, implementing regulatory frameworks, and harnessing the power of technologies. To integrate these elements within a comprehensive framework, the study employs market research, reviews relevant literature, and includes interviews with …

A Cross-Country Analysis Of China’S Belt And Road Initiative, Leah Shoff

International Studies (MA) Theses

China established The Belt and Road Initiative in 2013 to unite the global economy as well as bolter their own political and economic interests. Though the initiative is relatively new, it is important to understand how the Belt and Road Initiative could impact the global economy. This program is open to any country in the world that seeks to improve its infrastructure. However, critics of China’s proposal have questioned whether countries participating in the program gain economically. Through evaluating the relationship between GDP, time, and other significant data provided by the IMF, a cross-country comparison between Pakistan and the Philippines …

Three Essays On Financial Economics And Monetary Policy, Kumadebis Tamiru Gemechu

Dissertations

This dissertation comprises three independent essays that contribute to understanding the impacts of monetary policy announcements on financial markets and the banking industry.

The first essay studies a natural language analysis of FOMC statements to identify monetary policy and its effects on financial markets. Using structural topic modeling, in the first essay I identify three dimensions of Fed monetary policy announcements: inflation outlook, state of the economy, and policy stance factors. This article focuses on the qualitative information released by the Fed through the FOMC statement, which has previously been overlooked in favor of quantitative communication such as the Green …

Supply Chains Shocks, Network Linkages, And Economic Outcomes, Romeo Eric Neuyou Nana

Graduate Theses and Dissertations

One prominent consequence of the Covid-19 pandemic was the disruption of critical parts of the global supply chain. In the U.S., delays at ports and shortages of critical inputs such as semiconductors have negative ripple effects across the economy. This situation prompts a surge of interests from academics, business leaders, and policy makers alike. However, the evidence of the quantification of supply chain disruptions’ impact and its drivers on economic variables are still scant. In this essay, I investigate the extent of the impact of supply chain shocks on the U.S. economy and the mechanisms through which they affect economic …

The Effect Of Crime On Tourism In Indonesia, Muhammad Farhan, Hera Susanti

Journal of Strategic and Global Studies

Tourism sector is widely known as one of economic sectors that can be the engine of economic growth in an effort to reduce poverty in a country. However, growth in the tourism sector can be influenced by safety factors. Tourists tend to avoid tourism destination areas with high crime rates in order to avoid becoming victims of crime. This study aims to analyze the effect of crime on the number of tourist arrivals in Indonesia by using four proxies of crime, which are total crime rate, property crime rate, violent crime rate, and fraud crime rate. This study utilizes a …

Belanja Pemerintah, Fdi, Pertumbuhan Ekonomi, Pertumbuhan Industri, Dan Kemiskinan Di Indonesia, Isthafan Najmi, Cut Delsie Hasrina, Asmawati Asmawati, Rizal Ansari

Jurnal Ekonomi dan Pembangunan Indonesia

In this new era of globalisation, all countries including Indonesia are targeting poverty alleviation to help people achieve welfare. Furthermore, this study empirically examines the impact of government spending, FDI, economic growth, and industrial growth on poverty. This research uses the Autoregressive Distributed Lag (ARDL) method. The data used is time series data from 1972 to 2021 obtained from the World Development Indicator website. The findings of the ARDL estimation show that government spending and industrial growth increase household income, both in the long-run and the short-run. In contrast, economic growth is negatively associated with poverty in both the short …