Monetary Policy At The Zero Lower Bound: Implications Of High Costs Of Credit During A Recession, 2018 Trinity College, Hartford Connecticut
Monetary Policy At The Zero Lower Bound: Implications Of High Costs Of Credit During A Recession, Louisa Kammerer
Senior Theses and Projects
This paper examines the challenges policymaker (and firms) encounter when confronted by a recession at the zero lower bound, when traditional monetary policy is ineffective in the face of deteriorated balance sheets and high costs of credit. Within the larger body of literature, this paper focuses on the cost of credit during a recession, which constrains smaller firms from borrowing and investing, thus magnifying the contraction. Extending and revising a model originally developed by Walker (2010) and estimated by Pandey and Ramirez (2012), this study uses a Vector Error Correction Model to analyze the effects of relevant economic and financial ...
Engaging America: Unearthing The Middle Way In The Conflict Between Liberals And Conservatives, 2018 SIT Graduate Institute
Engaging America: Unearthing The Middle Way In The Conflict Between Liberals And Conservatives, Noah Cadet
Liberals and conservatives have waged conflict over development strategies since the founding of the United States of America. Observers of the 2016 Presidential Election may have noticed an escalation of a preexisting trend of destructive engagement between Democrats and Republicans. The researcher pursued primary and secondary research in an attempt to understand how conflict within and between development paradigms in the United States can be transcended. The central research question was regarding how this conflict affects efforts towards peacebuilding at the grassroots from the perspective of a liberal. The literature review provides a brief histories of US American Political Economy ...
El Valor De Verde Neoliberalismo, Crisis Económica Y Políticas Polarizadas: Cómo Afecta En La Vida Cotidiana De La Gente De Clase Media En Buenos Aires. / The Value Of Green Neoliberalism, Economic Crisis And Polarized Politics: How They Affect The Everyday Life Of The Citizens Of The Middle Class In Buenos Aires., 2018 SIT Study Abroad
El Valor De Verde Neoliberalismo, Crisis Económica Y Políticas Polarizadas: Cómo Afecta En La Vida Cotidiana De La Gente De Clase Media En Buenos Aires. / The Value Of Green Neoliberalism, Economic Crisis And Polarized Politics: How They Affect The Everyday Life Of The Citizens Of The Middle Class In Buenos Aires., Sierra Conboy
Independent Study Project (ISP) Collection
The history of a country can haunt them for decades. For Argentina, the history of neoliberal economics has plagued the economic development of the country; so much so that as a result of neoliberalism, Argentina experienced the worst social, political, and economic crisis of the countries entire existence between the years of 1998 and 2002. With the height of the crisis being in 2001, it continues to lurk in the economic and political infrastructure of the country today. The threat of constant economic dilemmas has manifested into the minds of the citizens of Argentina, but how far has it gone ...
The Economic Origins Of The Postwar Southern Elite, 2018 Western Washington University
The Economic Origins Of The Postwar Southern Elite, Brandon Dupont, Joshua L. Rosenbloom
The U.S. Civil War destroyed a substantial fraction of southern wealth and emancipation transferred human capital to the formerly enslaved. The prevailing view of most economic historians is that the southern planter elite was able to retain its relative status despite these shocks. Previous studies have been hampered, however, by limits on the ability to link individuals between census years, and scholars have been forced to focus on persistence within one or a few counties. Recent advances in electronic access to the Federal Census manuscripts now make it possible to link individuals without these constraints. In this paper, we ...
A Review Of Feminist Perspectives On Class And Work, 2018 University of Redlands
A Review Of Feminist Perspectives On Class And Work, Olivia Aguilar
the Women, Gender, and Sexuality Studies Student Conference
No abstract provided.
Building An Ecosystem For Agtech Startups, 2018 Iowa State University
Building An Ecosystem For Agtech Startups, Kevin L. Kimle
Economics Technical Reports and White Papers
Technology is nothing new, of course, whether in agriculture of any other industry. What may be new is the speed and scale at which technology can shape new opportunities and disrupt existing businesses and industries. Agtech is by all indications important. There are many accelerator programs related to starting agtech businesses, funding of agtech startups has grown, etc. Funding for agtech startups has increased significantly. As tracked by AgFunder News, investment in agtech increased from about $150 million in 2010 to more than $800 million in 2016 and more than $500 million in 2017. Transactions like Monsanto buying Climate Corp ...
Labor Scarcity, Finance, And Innovation: Evidence From Antebellum America, 2018 Cornell University School of Hotel Administration
Labor Scarcity, Finance, And Innovation: Evidence From Antebellum America, Yifei Mao, Jessie Jiaxu Wang
This paper establishes labor scarcity as an important economic channel through which access to finance shapes technological innovation. We exploit antebellum America, a unique setting with (1) staggered passage of free banking laws across states and (2) sharp differences in labor scarcity between slave and free states. We find that greater access to finance spurred technological innovation as measured by patenting activities, especially in free states where labor was relatively scarce. Interestingly, in slave states where slave labor was prevalent, access to finance encouraged technological innovation that substituted for free labor, but discouraged technological innovation that substituted for slave labor.
Entrepreneurship Education Empowers Youth To Change Their Lives, 2018 Foundation for Economic Education
Entrepreneurship Education Empowers Youth To Change Their Lives, Marianna Brashear, Jason Riddle
National Youth-At-Risk Conference Savannah
The Foundation for Economic Education (FEE) aims at equipping Title 1 schools with free, hands-on, engaging materials that any teacher can facilitate either individually or in a classroom setting with no background in entrepreneurship necessary. These versatile lessons, courses, and workshops teach the entrepreneurial mindset optimizing opportunities for grades 8-12 students no matter which life/career path they choose.
Unicorns, Guardians, And The Concentration Of The U.S. Equity Markets, 2018 University at Buffalo Law School
Unicorns, Guardians, And The Concentration Of The U.S. Equity Markets, Amy Deen Westbrook, David A. Westbrook
No abstract provided.
The Colonial American Economy, 2018 Iowa State University
The Colonial American Economy, Joshua L. Rosenbloom
Economics Working Papers
The first permanent British settlement in what became the United States was established in 1607, nearly 170 years prior to the American declaration of independence. This chapter examines the economic development of the British North American colonies that became the United States. As it describes, abundant natural resources and scarce labor and capital contributed to the remarkable growth in the size of the colonial economy, and allowed the free white colonial population to enjoy a relatively high standard of living. There was not, however, much improvement over time in living standards. Patterns of factor abundance also played an important role ...
Antebellum Labor Markets, 2018 Iowa State University
Antebellum Labor Markets, Joshua L. Rosenbloom
Economics Working Papers
The United States economy was transformed in the period between American independence and the beginning of the Civil War by rapid population growth, the development of manufacturing, the onset of modern economic growth, increasing urbanization, the rapid spread of settlement into the trans-Appalachian west, and the rise of European immigration. These years were also characterized by an increasing sectional conflict between free and slave states that culminated in 1861 in Southern secession from the Union and a bloody and destructive Civil War. Labor markets were central to each of these developments, directing the reallocation of labor between sectors and regions ...
Jews: The Makers Of Early Modern Berlin, 2018 Eastern Washington University
Jews: The Makers Of Early Modern Berlin, Conlan Vance
This paper will discuss how Jews fit into the economic policies of Brandenburg-Prussia in the later 16th century. From Frederick William’s decree in 1671 to allow fifty Jewish families to settle in Brandenburg-Prussia to these families and their descendants becoming immersed in the economy of Berlin through their use in courts but more so through their trading, specifically, the ways in which they traded and how they used these to free themselves from some of the constraints of German Christian society. Thusly, this will be shown by looking at Jews in Brandenburg-Prussia in the later 17th century, Jews ...
Regression Discontinuity And Heteroskedasticity Robust Standard Errors: Evidence From A Fixed-Bandwidth Approximation, Otávio Bartalotti
In regression discontinuity designs (RD), for a given bandwidth, researchers can estimate standard errors based on different variance formulas obtained under different asymptotic frameworks. In the traditional approach the bandwidth shrinks to zero as sample size increases; alternatively, the bandwidth could be treated as fixed. The main theoretical results for RD rely on the former, while most applications in the literature treat the estimates as parametric, implementing the usual heteroskedasticity-robust standard errors. This paper develops the “fixed-bandwidth” alternative asymptotic theory for RD designs, which sheds light on the connection between both approaches. I provide alternative formulas (approximations) for the bias ...
Lessons On Economics And Political Economy From The Soviet Tragedy, 2018 George Mason University
Lessons On Economics And Political Economy From The Soviet Tragedy, Peter J. Boettke, Rosolino A. Candela
Journal of Global Initiatives: Policy, Pedagogy, Perspective
This paper explores the economics and politics of the tragic Soviet experiment with socialism. Beginning with the period of “War Communism” between 1917 and 1921, the Soviet government’s attempt to implement socialism failed to achieve its stated objectives, namely to create social harmony, eliminate class struggle, and to unleash advanced material production. It attempted to achieve these ends by abolishing private property and market prices in the means of production, eliminating the incentives and information necessary to guide production in an efficient manner. The unintended political and economic results were disastrous, leading to tyranny, famine, and oppression. Failing to ...
A Political Theory Of Kulturkampf: Evidence From Imperial Prussia & Republican Turkey, 2018 Bilkent University
A Political Theory Of Kulturkampf: Evidence From Imperial Prussia & Republican Turkey, Ioannis N. Grigoriadis, Theocharis Grigoriadis
No abstract provided.
The Purloined Letters: A Collection Of Mail Robbery Reports From Ohio Papers, 1841-1850, 2018 University of Akron
The Purloined Letters: A Collection Of Mail Robbery Reports From Ohio Papers, 1841-1850, Marc Cibella
Nineteenth-Century Ohio Literature
Marc Cibella’s essay introduces and explains why nineteenth-century Americans got excited about newspaper reports of mail robbery.
Progressive Antitrust, 2018 University of Pennsylvania Law School
Progressive Antitrust, Herbert J. Hovenkamp
Faculty Scholarship at Penn Law
Several American political candidates and administrations have both run and served under the “progressive” banner for more than a century, right through the 2016 election season. For the most part these have pursued interventionist antitrust policies, reflecting a belief that markets are fragile and in need of repair, that certain interest groups require greater protection, or in some cases that antitrust policy is an extended arm of regulation. This paper argues that most of this progressive antitrust policy was misconceived, including that reflected in the 2016 antitrust plank of the Democratic Party. The progressive state is best served by a ...
Neoliberalism In Latin America: Challenging Eurocentric Theory In Mexico And Chile, 2018 Connecticut College
Neoliberalism In Latin America: Challenging Eurocentric Theory In Mexico And Chile, Gabriela Osterling
History Honors Papers
No abstract provided.
'Once Were Warriors', Now We're Unemployed: A Solution For New Zealand's Persistent Unemployment, Jack Eammon English
Senior Projects Fall 2018
The economic policies of New Zealand have tended to reflect the economic orthodoxies of academia at any given time. Given that adherence to economic ‘truth’ as espoused by neoclassical economics is supposed to engender allocative efficiency and general equilibrium, this paper takes just one variable - unemployment - and explores why its market has continually failed to clear. Both demand and supply side factors are explored through a survey of the literature on employment determination, and a theoretically robust solution is proposed in the tradition of Modern Money Theory.
Perón And The Argentine Paradox: An Investigation Into An Economic Mystery, 2018 Bard College
Perón And The Argentine Paradox: An Investigation Into An Economic Mystery, Antonio Luis Gansley-Ortiz
Senior Projects Spring 2018
Senior Project submitted to The Division of Social Studies of Bard College.