ACCOUNTING FOR THE RELATIONSHIP BETWEEN MONEY AND INTEREST RATES

2006 ◽  
Vol 10 (4) ◽  
pp. 545-571 ◽  
Author(s):  
MAGNUS JONSSON ◽  
PAUL KLEIN

In time-series from the United States, the relationship between the money to income ratio and the nominal interest rate is a negative and stable one. In Swedish data, there is no such stable relationship. In this paper, we argue that this difference can be explained by the differences in the shock processes that have hit the two countries. Using a dynamic general equilibrium model driven by shock processes estimated to fit the two countries, we find that we can account for the main properties of the data remarkably well.

2013 ◽  
Vol 19 (1) ◽  
pp. 189-220 ◽  
Author(s):  
Maroula Khraiche

This paper evaluates the optimality of a temporary worker permit policy from the point of view of the host country by using a two-country dynamic general equilibrium model, calibrated with data from the United States and Mexico. In the model, the decision to migrate and the corresponding decision to return are endogenous and take place within families that are heterogeneous in terms of human capital. After finding a migrant's optimal migration duration and the resulting shrinkage in the wage gap and change in interest rates, the paper derives the restriction on migrants' stay that maximizes natives' utility. It also derives the migrant length of stay that would pass a majority vote. When migration duration is restricted, the fraction of the native population made better off is maximized with a permit length of four years.


1985 ◽  
Vol 45 (2) ◽  
pp. 405-410 ◽  
Author(s):  
William Clark ◽  
Charlie Turner

We examine the relationship between international trade and regional American credit markets. The evidence presented suggests that foreign payment flows had a significant effect on the level of interest rates in the East North Central, West North Central, Pacific, and Southern regions of the United States.


1992 ◽  
Vol 35 (4) ◽  
pp. 551-572 ◽  
Author(s):  
M. Dwayne Smith ◽  
Joel A. Devine ◽  
Joseph F. Sheley

Despite numerous studies, the nature of the unemployment-crime relationship remains controversial. The relationship should be clearer for some segments of the population than for others, but is obscured by the use of general population data. Exploring this possibility through the use of a model developed by Cantor and Land (1985), a time-series analysis is conducted to determine relationships among age- and race-specific rates of unemployment and corresponding rates of arrests for homicide, robbery, and burglary for the United States during the period 1959–1987. Negative criminal opportunity-related and positive criminal motivation-related effects are found at the aggregate level, but these vary among age groups and are more evident for white than for African American arrest rates. Further, these effects hold even when controlling for the potential influence of other variables identified in recent research as having an impact on the unemployment-crime relationship.


2009 ◽  
Vol 10 (2) ◽  
pp. 176-192 ◽  
Author(s):  
Burkhard Raunig ◽  
Johann Scharler

Abstract This paper analyzes empirically the relationship between money market uncertainty and unexpected deviations in retail interest rates in a sample of ten OECD countries.We find that, with the exception of the United States, money market uncertainty has only a modest impact on the conditional volatility of retail interest rates. Even for the United States, we find that the effects of money market uncertainty are spread out over time. Our results also indicate that money market uncertainty tends to be passed on to retail rates to a lesser extent in countries where banking relationships play a substantial role.


2020 ◽  
Vol 21 (11) ◽  
pp. 2565-2580
Author(s):  
Carolina Massmann

AbstractRecent advances in climate reanalyses have led to the development of meteorological products providing information from the beginning of the last century or even before. As these data sources might be of interest to practitioners in the event of missing data from meteorological stations, it is important to assess their usefulness for different applications. The main objective of this study is to investigate the ability of two long-term reanalysis datasets (CERA-20C and 20CR) and one long-term interpolated dataset (Livneh) for supporting hydrological modeling. The precipitation and temperature data of the three datasets were first compared, downscaled, and then used as inputs to the conceptual hydrological model HBV in 168 basins in the United States. The findings suggest that the quality of all three datasets decreases the further we go back in time. Models calibrated at the beginning of the time series, where the data quality is worse, are only able to capture the general properties of the time series and thus do not show a decrease in performance as the period between calibration and validation becomes larger. The opposite is true for models calibrated at the end of the time series, which show a clear decrease in performance toward the beginning of the century. While the hydrological model driven with the interpolated datasets achieved the best performance, the results obtained with the reanalysis datasets were still informative (i.e., better than the long-term monthly mean), and they matched the performance of the interpolated dataset in a few catchments in the northwestern United States.


2007 ◽  
Vol 12 (1) ◽  
pp. 54-61 ◽  
Author(s):  
Marisa L. Beeble ◽  
Deborah Bybee ◽  
Cris M. Sullivan

While research has found that millions of children in the United States are exposed to their mothers being battered, and that many are themselves abused as well, little is known about the ways in which children are used by abusers to manipulate or harm their mothers. Anecdotal evidence suggests that perpetrators use children in a variety of ways to control and harm women; however, no studies to date have empirically examined the extent of this occurring. Therefore, the current study examined the extent to which survivors of abuse experienced this, as well as the conditions under which it occurred. Interviews were conducted with 156 women who had experienced recent intimate partner violence. Each of these women had at least one child between the ages of 5 and 12. Most women (88%) reported that their assailants had used their children against them in varying ways. Multiple variables were found to be related to this occurring, including the relationship between the assailant and the children, the extent of physical and emotional abuse used by the abuser against the woman, and the assailant's court-ordered visitation status. Findings point toward the complex situational conditions by which assailants use the children of their partners or ex-partners to continue the abuse, and the need for a great deal more research in this area.


Author(s):  
Steven Hurst

The United States, Iran and the Bomb provides the first comprehensive analysis of the US-Iranian nuclear relationship from its origins through to the signing of the Joint Comprehensive Plan of Action (JCPOA) in 2015. Starting with the Nixon administration in the 1970s, it analyses the policies of successive US administrations toward the Iranian nuclear programme. Emphasizing the centrality of domestic politics to decision-making on both sides, it offers both an explanation of the evolution of the relationship and a critique of successive US administrations' efforts to halt the Iranian nuclear programme, with neither coercive measures nor inducements effectively applied. The book further argues that factional politics inside Iran played a crucial role in Iranian nuclear decision-making and that American policy tended to reinforce the position of Iranian hardliners and undermine that of those who were prepared to compromise on the nuclear issue. In the final chapter it demonstrates how President Obama's alterations to American strategy, accompanied by shifts in Iranian domestic politics, finally brought about the signing of the JCPOA in 2015.


Contention ◽  
2021 ◽  
pp. 1-9
Author(s):  
AK Thompson

George Floyd’s murder by police on 26 May 2020 set off a cycle of struggle that was notable for its size, intensity, and rate of diffusion. Starting in Minneapolis, the uprising quickly spread to dozens of other major cities and brought with it a repertoire that included riots, arson, and looting. In many places, these tactics coexisted with more familiar actions like public assemblies and mass marches; however, the inflection these tactics gave to the cycle of contention is not easily reconciled with the protest repertoire most frequently mobilized during movement campaigns in the United States today. This discrepancy has led to extensive commentary by scholars and movement participants, who have often weighed in by considering the moral and strategic efficacy of the chosen tactics. Such considerations should not be discounted. Nevertheless, I argue that both the dynamics of contention witnessed during the uprising and their ambivalent relationship to the established protest repertoire must first be understood in historical terms. By considering the relationship between violence, social movements, and Black freedom struggles in this way, I argue that scholars can develop a better understanding of current events while anticipating how the dynamics of contention are likely to develop going forward. Being attentive to these dynamics should in turn inform our research agendas, and it is with this aim in mind that I offer the following ten theses.


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