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Social Structure Of Accumulation In Turkey (1963 – 2015), Osman C. Icoz 2018 University of Massachusetts Amherst

Social Structure Of Accumulation In Turkey (1963 – 2015), Osman C. Icoz

Doctoral Dissertations

This dissertation analyzes capitalism in Turkey during post-1963 period from social structure of accumulation (SSA) theory perspective. The SSA theory is a theory of interaction of institutions and capital accumulation over long run. This dissertation will be the first book length study on Turkey using SSA Theory approach. It will enrich the SSA literature by adding a case of Turkey, which is a developing country; and hence it will be another example that SSA framework can be extended outside of US.

I observe two different SSAs during the period of interest. The first one is Import Substitution Industrialization (ISI) SSA ...


Essays In Financial Economics: Announcement Effects In Fixed Income Markets, James J. Forest 2018 University of Massachusetts - Amherst

Essays In Financial Economics: Announcement Effects In Fixed Income Markets, James J. Forest

Doctoral Dissertations

ABSTRACT

ESSAYS IN FINANCIAL ECONOMICS: ANNOUNCEMENT EFFECTS IN FIXED INCOME MARKETS

PHD IN FINANCE MAY 2018

JAMES J FOREST

B.A., FRAMINGHAM STATE UNIVERSITY

M.S., NORTHEASTERN UNIVERSITY

Ph.D., UNIVERSITY OF MASSACHUSETTS – AMHERST

Directed by: Professor Hossein B. Kazemi

This dissertation demonstrates the use of empirical techniques for dealing with modeling issues that arise when analyzing announcement effects in fixed income markets. It describes empirical challenges in achieving unbiased and efficient parameter estimates and shows the importance of modelling a wide range of macroeconomic announcement effects to avoid omitted variable bias. Employing techniques common in Macroeconomics, financial market researchers ...


Implications Of Macroeconomic Controls In Ghana, Wisdom Takumah 2018 South Dakota State University

Implications Of Macroeconomic Controls In Ghana, Wisdom Takumah

Electronic Theses and Dissertations

Ghana’s desire to achieve sustainable economic growth with relatively stable price level pursue both monetary and fiscal policies that could lead to macroeconomic. This study examines the effects of fiscal and monetary policy on economic growth and determine the level of convergence of growth for Ghana using structural equation modeling (SEM) using time series data from 2008 to 2017. Both short run and long-run results revealed that the ratio of government spending to private investment was statistically significant and it exerted a positive impact on economic growth, an indication that government expenditure is a key channel through which we ...


Costs And Benefits Of Building Faster Payment Systems: The Uk Experience, Claire Greene, Marc Rysman, Scott Schuh, Oz Shy 2018 Federal Reserve Bank of Atlanta

Costs And Benefits Of Building Faster Payment Systems: The Uk Experience, Claire Greene, Marc Rysman, Scott Schuh, Oz Shy

Economics Faculty Working Papers Series

: A number of countries have implemented faster payment services that allow consumers and businesses to rapidly transfer money between bank accounts. These services compete with slower, existing payment services. In 2008, the United Kingdom implemented its Faster Payments Service (FPS) at a cost of less than ₤200 million (.014 percent of U.K. GDP, or $307 million) spread over seven years, plus investment costs borne by each participating bank to connect to the FPS. This paper examines the economic cost-benefit analysis underlying the U.K. FPS investment decision and describes the subsequent diffusion and use of FPS through 2014.


Assessing The Effectiveness Of The Federal Reserve’S Quantitative Easing Policy In Lowering Long-Term Interest Rates, Lee Philip Perry 2018 Bard College

Assessing The Effectiveness Of The Federal Reserve’S Quantitative Easing Policy In Lowering Long-Term Interest Rates, Lee Philip Perry

Senior Projects Spring 2018

This project looks at the effectiveness of Quantitative Easing on lowering long-term interest rates. To come up with an answer I look through three separate channels in which QE works to lower long-term rates: the speculation channel, inflations expectation channel, and portfolio balance channel. In examining these channels and their respective effects, I combine relative channel and general economic theory with data relative to each channel such as long-term yields, inflation expectation data, public holdings of federal debt, and much more in order to understand whether QE was at the forefront of the reduction in yields. Through these channels, we ...


The Impact Of Government Debt On Macroeconomic Indicators: Evidence From G7 And Asean Countries, Amani Ahmed Alzahrani 2018 Eastern Illinois University

The Impact Of Government Debt On Macroeconomic Indicators: Evidence From G7 And Asean Countries, Amani Ahmed Alzahrani

Masters Theses

Government debt continues to be a critical economic policy issue, which largely affects both developed and developing countries, due to elevated level of debt. From a general viewpoint, government debt is a crucial feature of a country's financial system and a major indicator that contributes to the formation of a country's reputation in the international market.

This paper investigates the impact of government debt on certain macroeconomic and wellbeing indicators in a group of industrialized and developing countries. That is, the study seeks to examine how government debt influences GDP per capita, domestic and foreign investment, and HDI ...


The Effect Of Changes In Racial Composition On Housing Prices: A Study Of The Most Diverse Place In The World, Youseph Anwar 2017 CUNY Hunter College

The Effect Of Changes In Racial Composition On Housing Prices: A Study Of The Most Diverse Place In The World, Youseph Anwar

School of Arts & Sciences Theses

This study attempts to illustrate that increases in minority residents may lead to decreases in housing prices. I observe the effects of changes in racial composition on housing prices in Queens, NY from 2011-2015. The following econometric tools are implemented: a fixed effects model, quantile, hedonic, and OLS regressions.


College: Making It The Right Choice, Daniel J. Dunn 2017 University of Wyoming

College: Making It The Right Choice, Daniel J. Dunn

Honors Theses AY 17/18

This research paper is a macroeconomic analysis of the US higher education system with a financial twist to it. It begins by stating the problem with the US higher education system: tuition costs are high, public funding is decreasing, and therefore student debt numbers are almost unrecoverable. Next, it analyzes options for an 18-year old high school graduate toward attending (or not attending) college as a financial investment by using net present value calculations. These numbers help to shed further light on the aforementioned problem, and the paper closes with a proposed policy on how the US government already spends ...


Why The World Needs A Reserve Asset With A Hard Anchor, Warren Coats, Dongsheng Di, Yuxuan Zhao 2017 Renmin University of China

Why The World Needs A Reserve Asset With A Hard Anchor, Warren Coats, Dongsheng Di, Yuxuan Zhao

Warren Coats

From the 1970s, the global currency system has two features: the use of one or a few sovereign currencies as the global reserve asset and the floating exchange rate regime between major currencies.This paper points out that the costs of the dollar’s use as an international reserve currency exceed the benefits for both the US and the rest of the world. These costs include the exporting of American manufacturing as a byproduct of its current account deficit needed to supply its currency to the rest of the world. In addition to the detriment to trade from unpredictable exchange ...


Nebraska Snaps Back, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Snaps Back, Eric Thompson

Business in Nebraska

Nebraska will fully participate in stronger U.S. economic growth. While the farming sector will continue to face challenges, farm income will rise slightly during the forecast period, and consequently, will no longer detract from Nebraska economic growth. Nebraska will match U.S. job growth, with job growth particularly strong in services, construction, and retail trade. The agricultural processing sector also will expand employment. Projected growth rates for 2018 through 2020 are presented in Table 1.

Employment will grow by 1.1% to 1.2% per year, matching the national job growth rate in 2019 and 2020. Non-farm income will ...


Mathematical Studies Of Optimal Economic Growth Model With Monetary Policy, Xiang Liu 2017 William & Mary

Mathematical Studies Of Optimal Economic Growth Model With Monetary Policy, Xiang Liu

Undergraduate Honors Theses

In this paper, efforts will be made to study an extended Neoclassic economic growth model derived from Solow-Swan Model and Ramsey-Cass-Koopsman Model. Some growth models (e.g. Solow-Swan Model) attempt to explain long-run economic growth by looking at capital accumulation, labor or population growth, and in- creases in productivity, while our derived model tends to look at growth from individual household and how their choice of saving, consumption and money holdings would affect the overall economic capital accumulation over a long period of time.

First an optimal control model is set up, and a system of differential equations and algebraic ...


Nebraska Business And Consumer Confidence Index: December 1, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Index: December 1, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence surged in Nebraska during November. The Consumer Confidence Index – Nebraska (CCI-N) rose to 106.2 in November from 95.1 in October. The November value is well above the neutral level of 100.0. Likewise, the Business Confidence Index – Nebraska (BCI-N) rose from 102.7 in October to 114.1 in November, which is also well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 32 percent of respondents. Nearly as many businesses mentioned workforce issues. In particular, the availability and quality of ...


Nebraska Monthly Economic Indicators: November 22, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: November 22, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.24% during October of 2017. The decrease in the LEI-N, which is designed to predict economic activity six months into the future, suggests that economic growth will slow in Nebraska during the second quarter of 2018. The fall in the indicator was due to an decline in building permits for single-family homes and manufacturing hours-worked. There also was an increase in the value of the U.S. dollar in October. The increase in the value of the dollar is challenging for Nebraska exporters. In terms of positive components, there was ...


The Perceived Return On College Investment In Relation To Economic Expectations Of Students At The University Of Maryland, Joshua S. Roston 2017 University of Maryland at College Park

The Perceived Return On College Investment In Relation To Economic Expectations Of Students At The University Of Maryland, Joshua S. Roston

Undergraduate Economic Review

This paper presents the results of a survey conducted in the spring semester of 2017 of University of Maryland students. The results illustrate how University of Maryland students weigh the decision to attend college in terms of their perceived current economic situation and future expectations as well as predicted return on investment. A body of economic literature on the perception of return on investment from attending college exists already and this study hopes to add to the discussion as its results are unexpected. The results imply that the current generation of college students feels uncertain over the worthwhileness of higher ...


Nebraska Business And Consumer Confidence Indexes: November 3, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: November 3, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer confidence remained weak during October while business confidence remained strong. The Consumer Confidence Index – Nebraska (CCI-N) stood at 95.1 in October, below the neutral value of 100.0. By contrast, the Nebraska business confidence remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 102.7 in October, below the September level of 105.2 but above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 31 percent of business respondents. Businesses also faced growing competition in both the labor and product markets. The ...


The Role Of Macroeconomic, Policy, And Forecaster Uncertainty In Forecast Dispersion, You LI, Anthony S. TAY 2017 Singapore Management University

The Role Of Macroeconomic, Policy, And Forecaster Uncertainty In Forecast Dispersion, You Li, Anthony S. Tay

Research Collection School Of Economics

We explore the role of uncertainty in explaining dispersion in professional forecasters’ density forecasts of real output growth and inflation. We consider three separate notions of uncertainty: general macroeconomic uncertainty (the fact that macroeconomic variables are easier to forecast at some times than at others), policy uncertainty, and forecaster uncertainty. We find that dispersion in individual density forecasts is related to overall macroeconomic uncertainty and policy uncertainty, while forecaster uncertainty (which we define as the average in the uncertainty expressed by individual forecasters) appears to have little role in forecast dispersion.


Nebraska Monthly Economic Indicators: October 25, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: October 25, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 1.86% during September of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests solid economic growth in Nebraska during the first quarter of 2018. The rise in the indicator was due to an increase in building permits for single-family homes and growth in manufacturing hours-worked. There also was a decline in the value of the dollar in September, which is positive for Nebraska exporters. Finally, there were positive business expectations. Businesses responding to the September Survey of Nebraska Business reported ...


Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall 2017 Universitat Pompeu Fabra

Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall

José Ignacio Silva


Although partially disabled individuals in Spain are allowed to combine disability benefits with a job, the empirical evidence shows that the employment rate of this group of individuals is very low because they have a much lower job finding and a higher job separation rates than nondisabled workers. Moreover, a decomposition analysis of the equilibrium employment rate shows that the differences in the job finding rates explain 85 percent of the disabled employment gap. To explain these facts, we construct a labor market model with search intensity and matching frictions to identify the incentives and disincentives to work in Spain ...


Nebraska Business And Consumer Confidence Indexes: October 6, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: October 6, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer confidence tumbled during September while business confidence held steady. The Consumer Confidence Index – Nebraska (CCI-N) fell to 93.5 in September, well below the reading of 100.9 in August and the neutral value of 100.0. Consumer confidence is now weak in Nebraska. By contrast, the Nebraska business confidence remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 105.2 in September, slightly above the August value of 104.2, and well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 37 ...


Essays On The Impact Of Exchange Rate Movements On Stock Return And Country Output, Junnan Zhao 2017 The Graduate Center, City University of New York

Essays On The Impact Of Exchange Rate Movements On Stock Return And Country Output, Junnan Zhao

All Dissertations, Theses, and Capstone Projects

Exchange rate movements are widely believed to be a major source of uncertainty at both micro- and macro-economic levels. At the microeconomic level, corporate managers controlling risk and investors seeking to hedge their portfolios are both obviously interested in estimates of a firm’s exchange rate exposure ̶ i.e., how much of the value of a firm will be affected by exchange rate movements. At the macroeconomic level, a currency appreciation may have a contractionary effect on a country's output.

Chapter 1 tests whether the launch of the euro around 1999 significantly reduced stock market volatility and exchange rate ...


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