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2014

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Articles 7261 - 7290 of 25673

Full-Text Articles in Social and Behavioral Sciences

Openness, Income-Tax Progressivity, And Inflation, Joseph P. Daniels, David D. Vanhoose Jul 2014

Openness, Income-Tax Progressivity, And Inflation, Joseph P. Daniels, David D. Vanhoose

Joseph P Daniels

This paper considers a model of an open economy in which the degree of income-tax progressivity influences the interaction among openness, central bank independence, and the inflation rate. Our model suggests that an increase in the progressivity of the tax system induces a smaller response in real output to a change in the price level. This implies that increased income-tax progressivity reduces the equilibrium inflation rate and that the effect of increased income-tax progressivity on inflation is smaller when the central bank places a higher weight on inflation or when there is greater openness. Examination of cross-country inflation data provides …

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Shaping A New International Financial System: Contributions And Challenges, Karl Kaiser, John J. Kirton, Joseph P. Daniels Jul 2014

Shaping A New International Financial System: Contributions And Challenges, Karl Kaiser, John J. Kirton, Joseph P. Daniels

Joseph P Daniels

No abstract provided.

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Openness, Central Bank Independence, And The Sacrifice Ratio, Joseph Daniels, Farrokh Nourzad, David Vanhoose Jul 2014

Openness, Central Bank Independence, And The Sacrifice Ratio, Joseph Daniels, Farrokh Nourzad, David Vanhoose

Joseph P Daniels

Traditional explanations of the negative correlation between openness and inflation presume that an inverse relationship between the degree of openness and the sacrifice ratio reduces the inflation bias of discretionary monetary policy. Temple (2002) concludes, however, that such a relationship fails to emerge in cross-country data. Our analysis of the same cross-country data considered by Temple indicates that once the degree of central bank independence and its interaction with greater openness is considered, there is an unambiguous positive relationship between openness and the sacrifice ratio. In addition, increased openness lessens the positive effect of central bank independence on the sacrifice …

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The Determinants Of Immigration-Policy Preferences In Advanced Economies: A Cross-Country Study, Joseph Daniels, Marc Von Der Ruhr Jul 2014

The Determinants Of Immigration-Policy Preferences In Advanced Economies: A Cross-Country Study, Joseph Daniels, Marc Von Der Ruhr

Joseph P Daniels

This paper employs survey data to examine the determinants of immigration-policy preferences among ten advanced economies. Ordered probit specifications suggest that skill level is a robust determinant of immigration-policy preferences and that less-skilled workers are more likely to express a preference for policies that restrict immigration. The results also suggest that older individuals, members of trade unions, and those who classify their political ideology as conservative are more likely to favor limiting immigration while non-citizens are less likely to favor such policies. Individual country-level regression results vary, in particular with regard to the influence of trade union member- ship, which …

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Economic Summit Declarations, 1975-1989: Examining The Written Record Of International Cooperation, George Von Furstenberg, Joseph Daniels Jul 2014

Economic Summit Declarations, 1975-1989: Examining The Written Record Of International Cooperation, George Von Furstenberg, Joseph Daniels

Joseph P Daniels

This study audits commitments contained in economic declarations made following fifteen annual economic summit meetings of the United States, Japan, Germany, France, the United Kingdom, Italy, and Canada from 1975 to 1989. It concludes that country executives make commitments in good faith but that subsequent compliance is impeded domestically by lack of control over the instruments of implementation and internationally by the absence of specified supporting policies or acts of international coordination. In addition, the language used in the declarations necessarily reflects the exigencies of diplomacy and is therefore usually imprecise. Even though the credibility of summit undertakings is generally …

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Supervising The International Financial System, Joseph Daniels Jul 2014

Supervising The International Financial System, Joseph Daniels

Joseph P Daniels

No abstract provided.

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Trust In Others: Does Religion Matter?, Joseph P. Daniels, Marc Von Der Ruhr Jul 2014

Trust In Others: Does Religion Matter?, Joseph P. Daniels, Marc Von Der Ruhr

Joseph P Daniels

Though the recent literature offers intuitively appealing bases for, and evidence of, a linkage among religious beliefs, religious participation and economic outcomes, evidence on a relationship between religion and trust is mixed. By allowing for an attendance effect, disaggregating Protestant denominations, and using a more extensive data set, probit models of the General Social Survey (GSS), 1975 through 2000, show that black Protestants, Pentecostals, fundamentalist Protestants, and Catholics, trust others less than individuals who do not claim a preference for a particular denomination. For conservative denominations the effect of religion is through affiliation, not attendance. In contrast, liberal Protestants trust …

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Regional Vs. Global Financing Strategies For U.S. Mnes, Joseph Daniels, Walid Hejazi, Marc Ruhr Jul 2014

Regional Vs. Global Financing Strategies For U.S. Mnes, Joseph Daniels, Walid Hejazi, Marc Ruhr

Joseph P Daniels

Despite declining in 2001, foreign direct investment (FDI) surged during the 1990s. As a result, current levels of FDI flows are triple their 1990 levels. It is well documented in the literature that FDI occurs in large part among countries that are geographically close. It is also well established that the NAFTA had a significant impact on both U.S. FDI flows and hence FDI stocks. In addition, tax policies and tax treaties have been shown to be important drivers of U.S. FDI. The analysis presented in this paper confirms these earlier results. We extend the analysis, however, to show that …

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The Significance Of The Economic Summits, Joseph P. Daniels Jul 2014

The Significance Of The Economic Summits, Joseph P. Daniels

Joseph P Daniels

It is argued here that the summits should not be transformed or elevated to some system of global economic governance. Rather, global economic stability depends on good domestic economic policymaking and, thus, the economic summits cannot substitute for effective and effcient policymaking within sovereign nations. The summits, therefore, should be seen first and foremost as a means for improving and generating better domestic policies via cooperation as opposed to delivering packages of coordinated policies. By focusing on international economic policy cooperation, the summits can contribute much to improving domestic economic policymaking. The protest at the Genoa summit and the events …

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Challenges And Contributions To The Conventional Wisdom, Karl Kaiser, John Kirton, Joseph Daniels Jul 2014

Challenges And Contributions To The Conventional Wisdom, Karl Kaiser, John Kirton, Joseph Daniels

Joseph P Daniels

No abstract provided.

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Optimal Currency Basket Pegs For Developing And Emerging Economies, Joseph P. Daniels, Peter Toumanoff, Marc Von Der Ruhr Jul 2014

Optimal Currency Basket Pegs For Developing And Emerging Economies, Joseph P. Daniels, Peter Toumanoff, Marc Von Der Ruhr

Joseph P Daniels

The exchange rate arrangement represents an important policy choice for emerging and transitional economies as they strive to become stable and market-driven. A wide variety of arrangements have emerged, ranging from currency boards, basket-currency pegs and single-currency pegs to floating rates. Recently the IMF has recommended that, if the exchange value of a currency is to be pegged, it is better to peg to a basket of currencies rather than a single currency. Nonetheless, there has been little theoretical research on the management and optimal design of basket-peg arrangements. In this paper we extend the small-country macroeconomic model of Turnovsky …

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Monetary Policies In Interdependent Economies: An Open Economy Explanation For Base Drift And Price-Level Non-Trend-Stationarities, Joseph Daniels, David D. Vanhoose Jul 2014

Monetary Policies In Interdependent Economies: An Open Economy Explanation For Base Drift And Price-Level Non-Trend-Stationarities, Joseph Daniels, David D. Vanhoose

Joseph P Daniels

Most nations have experienced 'base drift' of their money stocks and associated price-level non-trend-stationarities. Recent explanations for this fact have emphasized tensions among various possible objectives of central banks in closed-economy or small-open-economy frameworks. In contrast, this paper explores structural and policy interdependence among economies as an explanation for price-level non-trend-stationarities. It demonstrates that such interdependence can induce central banks to follow non-trend-stationary policies even if they desire only to smooth prices in their home economies.

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Subsidizing Religious Participation Through Groups: A Model Of The “Megachurch” Strategy For Growth, Joseph P. Daniels, Marc Von Der Ruhr Jul 2014

Subsidizing Religious Participation Through Groups: A Model Of The “Megachurch” Strategy For Growth, Joseph P. Daniels, Marc Von Der Ruhr

Joseph P Daniels

Either despite or because of their non-traditional approach, megachurches have grown significantly in the United States since 1980. This paper models religious participation as an imperfect public good which, absent intervention, yields suboptimal participation by members from the church’s perspective. Megachurches address this problem in part by employing secular-based group activities to subsidize religious participation that then translates into an increase in the attendees’ religious investment. This strategy not only allows megachurches to attract and retain new members when many traditional churches are losing members but also results in higher levels of an individual’s religious capital. As a result, the …

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Examining Megachurch Growth: Free Riding, Fit, And Faith, Joseph P. Daniels, Marc Von Der Ruhr Jul 2014

Examining Megachurch Growth: Free Riding, Fit, And Faith, Joseph P. Daniels, Marc Von Der Ruhr

Joseph P Daniels

Purpose – Megachurches are thriving in religious markets at a time when Americans are asserting their ability as consumers of religious products to engage in religious switching. The apparent success of megachurches, which often provide a low cost and low commitment path by which religious refugees may join the church, seems to challenge Iannocconne's theory that high commitment churches will thrive while low commitment churches will atrophy. This paper aims to investigate this issue. Design/methodology/approach – This paper employs a signaling model to illustrate the strategy and organizational forms megachurches employ to indicate a match between what the church produces …

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God And The Global Economy: Religion And Attitudes Towards Trade And Immigration In The United States, Joseph P. Daniels, Marc Von Der Ruhr Jul 2014

God And The Global Economy: Religion And Attitudes Towards Trade And Immigration In The United States, Joseph P. Daniels, Marc Von Der Ruhr

Joseph P Daniels

Using the results of a national identity survey, we test the impact of religious affiliation on trade and immigration-policy preferences of US residents while controlling for individual level of skill, political ideology and other important demographic characteristics. Our results show that religion is an important determinant of international-policy preferences as individuals who are pre-Vatican II Catholic or members of a fundamentalist Protestant denomination are more likely to prefer policies that restrict imports and immigration. Religiosity, in contrast, has a separate effect of moderating attitudes towards immigration. In addition, we find evidence of denominational effects among African Americans in that members …

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The G8'S Contributions To Twenty-First Century Governance, John J. Kirton, Joseph P. Daniels, Andreas Freytag Jul 2014

The G8'S Contributions To Twenty-First Century Governance, John J. Kirton, Joseph P. Daniels, Andreas Freytag

Joseph P Daniels

No abstract provided.

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American Macromanagement Issues And Policy, Joseph Daniels, John Davis Jul 2014

American Macromanagement Issues And Policy, Joseph Daniels, John Davis

Joseph P Daniels

No abstract provided.

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Assessing Evidence In A Postmodern World, Bonnie Brennen Jul 2014

Assessing Evidence In A Postmodern World, Bonnie Brennen

Bonnie Brennen

In contemporary society, the nature of reality is continually challenged and each day there are new examples illustrating that perception has become reality. This book collection considers how researchers might evaluate evidence when truth claims can no longer be made. The authors address issues of perception, evidence, reality and postmodernism from a variety of different backgrounds including history, ethics, cultural studies, law and social science.

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Contradictions, Bonnie Brennen Jul 2014

Contradictions, Bonnie Brennen

Bonnie Brennen

The prologue for the powerful novel Contradictions begins on November 9, 1938 in Berlin, Germany, on the afternoon before Kristallnacht, the Night of Broken Glass. The story flashes forward to 1980, when Rachel, a young Jewish woman at the beginning of her academic career and the daughter of a Holocaust survivor, has recently been hired as the first female assistant professor of American history at a prominent East Coast university. Eric, a sociology professor with a penchant for smart young women, is serving as her mentor, guiding Rachel's research agenda and helping her understand the dynamics of the academic community. …

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Qualitative Research Methods For Media Studies, Bonnie Brennen Jul 2014

Qualitative Research Methods For Media Studies, Bonnie Brennen

Bonnie Brennen

This book introduces the essential qualitative methods used in media research, with an emphasis on integrating theory with practice. Each method is introduced through step-by-step instruction on conducting research and interpreting research findings, alongside in-depth discussions of the historical, cultural, and theoretical context of the particular method and case studies drawn from published scholarship. This text is a comprehensive and accessible introduction to qualitative methods, ideal for media and mass communication research courses.

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A Different Kind Of Inter-Media Agenda Setting: How Campaign Ads And Presidential Debates Influenced The Blogosphere In The 2008 U.S. Campaign, Sumana Chattopadhyay, Molly Greenwood Jul 2014

A Different Kind Of Inter-Media Agenda Setting: How Campaign Ads And Presidential Debates Influenced The Blogosphere In The 2008 U.S. Campaign, Sumana Chattopadhyay, Molly Greenwood

Sumana Chattopadhyay

No abstract provided.

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Money, Monetary Policy, Productivity And Inflation: A Dynamic Analysis, Abdur Chowdhury Jul 2014

Money, Monetary Policy, Productivity And Inflation: A Dynamic Analysis, Abdur Chowdhury

Abdur R. Chowdhury

No abstract provided.

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The Velocity Of Us M2 In The 1990s: Some Further Evidence, Abdur Chowdhury, Mark Wheeler Jul 2014

The Velocity Of Us M2 In The 1990s: Some Further Evidence, Abdur Chowdhury, Mark Wheeler

Abdur R. Chowdhury

This paper investigates the behaviour of M2 velocity in recent years with special emphasis on the post-1989 period. Unlike previous studies in this area, M2 velocity is analysed in the context of a small vector autoregressive (VAR) model which includes income, prices, interest rates, and money growth volatility. The hypothesis of a structural shift in M2 velocity associated with the post-1989 period is rejected by the VAR model. This suggests that the unusual behaviour of M2 velocity since 1989 may be traced to the variability in its determinants, rather than to a shift in the process generating velocity. Variance decompositions …

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(Wp 2014-01) Is Bitcoin The 'Paris Hilton' Of The Currency World? Or Are The Early Investors Onto Something That Will Make Them Rich? [Updated Version], Abdur Chowdhury Jul 2014

(Wp 2014-01) Is Bitcoin The 'Paris Hilton' Of The Currency World? Or Are The Early Investors Onto Something That Will Make Them Rich? [Updated Version], Abdur Chowdhury

Abdur R. Chowdhury

The bitcoin phenomenon, and the technological innovation that made it possible, is interesting - but for investors large and small, the more pertinent question is whether they should buy the digital currency or avoid it. We analyze a bitcoin investment from the standpoint of an investor with a diversified portfolio using both in-sample and out-of-sample settings. Within the in-sample setting, bitcoin does not yield added value to investors with utility function consistent with the mean-variance setting. On the other hand, they do offer diversification benefits to investors with negative exponential and power utility functions. However, these benefits are not preserved …

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Is Money More Productive In A Developing Economy?, Abdur Chowdhury, Yingqui Liu Jul 2014

Is Money More Productive In A Developing Economy?, Abdur Chowdhury, Yingqui Liu

Abdur R. Chowdhury

This paper tests the frequently cited hypothesis that money is more productive in a developing economy relative to a developed economy. Output elasticity of money is estimated for 20 countries over the 1977-92 sample period. These countries represent various stages of economic development. Two important conclusions can be derived from the results. First, irrespective of the monetary aggregate employed, the output elasticity of money is extremely low for all 20 countries. Second, the elasticity figure is sensitive neither to the stage of economic development in a particular country nor the period of time under consideration. Consequently, it can be argued …

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(Wp 2013-08) Economic (In)Security And Gender Differences In Trade Policy Attitudes, Jeffrey Drope, Abdur Chowdhury Jul 2014

(Wp 2013-08) Economic (In)Security And Gender Differences In Trade Policy Attitudes, Jeffrey Drope, Abdur Chowdhury

Abdur R. Chowdhury

Over time and across countries, researchers have noted frequent and mostly unexplained gender differences in the levels of support for policies of free or freer trade: women tend to be less favorable toward policies of liberalizing trade than men. Yet, no well substantiated theoretical or empirical account of the gender component of trade attitudes has emerged. Using an economic security explanation based principally on a mobile factors approach, we find that it is not women generally who are more negative toward trade but particularly economically vulnerable women – i.e. women from the scarce labor factor. We utilize recent survey data …

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Purchasing Power Parity In The Major Ems Countries: The Role Of Price And Exchange Rate Adjustment, Abdur Chowdhury, Fabio Sdogati Jul 2014

Purchasing Power Parity In The Major Ems Countries: The Role Of Price And Exchange Rate Adjustment, Abdur Chowdhury, Fabio Sdogati

Abdur R. Chowdhury

In this paper we address the issue of whether the European Monetary System has contributed to real exchange rate stability between France, Germany, and Italy. We first ask whether bilateral PPP holds between any pair of these countries and between each of them and the United States. We find that PPP never holds before the EMS was created, and that it does among EMS countries, but not relative to the U.S. since. Next we assess the role of relative prices and exchange rates in the adjustment process toward PPP. We find that PPP between France and Germany is solely due …

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The Demand For Money In A Small Open Economy: The Case Of Switzerland, Abdur Chowdhury Jul 2014

The Demand For Money In A Small Open Economy: The Case Of Switzerland, Abdur Chowdhury

Abdur R. Chowdhury

The paper uses cointegration analysis to investigate the demand for money in Switzerland in the context of an open economy. It considers the general process of financial asset substitution and tests for the relevance of an exchange rate and a foreign interest rate variable in a conventional money demand equation. The results show that the variables entering into the demand for either monetary base or narrow money equation may not form a cointegrated system unless the exchange rate or foreign interest rate variable is included. This provides support to both the currency substitution and capital mobility hypotheses.

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Review Of International Business: Competing In The Global Marketplace, Abdur Chowdhury Jul 2014

Review Of International Business: Competing In The Global Marketplace, Abdur Chowdhury

Abdur R. Chowdhury

No abstract provided.

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Review Of Prices, Wages And Business Cycles By Burton H. Klein, Abdur Chowdhury Jul 2014

Review Of Prices, Wages And Business Cycles By Burton H. Klein, Abdur Chowdhury

Abdur R. Chowdhury

No abstract provided.

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