Wage Growth and Inflation in the United States: Further Evidence from Johansen's Cointegration Approach

1997 ◽  
Vol 41 (1) ◽  
pp. 53-58
Author(s):  
Victor Ukpolo

This paper examines the relationship between wage growth and inflation in the United States. It has been hypothesized that an autonomous wage change represent a significant component of inflation determination. We adopted the recent technique of unit-root testing and Johansen's maximum likelihood procedure to show that, although, wage growth has some long-run impact on inflation pressures, it represents an insignificant determinant of inflation.

Worldview ◽  
1975 ◽  
Vol 18 (7-8) ◽  
pp. 15-18
Author(s):  
O. Edmund Clubb

Speaking before the U.N. General Assembly in September, 1973, Chancellor Willy Brandt said: “Where hunger prevails, there can be no peace in the long run. Where bitter poverty prevails, there can be no justice.” He called upon the Assembly members to adopt a position on the moral aspects of international coexistence. And he said something else, that there is a limit to the expansion of power—“a limit where power becomes transformed into impotence.”His words had direct relevance to the relationship between the United States and the Third World. In the postwar period, in pursuit of its power aims, the United States concerned itself with ex-colonial countries primarily with the view of “saving” them, as political entities, from a dreaded “Communist conquest.”


Author(s):  
Assandé D. Adom ◽  

The relationship between a country’s manufacturing industry and net trade carries a great deal of complexity and proves critical as the economy matures. Moreover, debates in public arenas are oftentimes not helpful in alleviating confusions. This study attempts to empirically explore the nature of this relationship for the United States in particular. Using a set of structural vector auto-regressions, it reveals that the development of the manufacturing sector is inhibited in the long-run by worsening trade balances. However, this relationship does not appear significant. The implication of this finding weakens arguments singling out negative trade balances as driving forces behind the perceived woes of US manufacturing. Keywords: Manufacturing, Trade balance, United States, Cointegration, Vector auto-regression. JEL Classification: F14, F60, C51.


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.


Author(s):  
Aref Emamian

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States


Author(s):  
Katherine Eva Maich ◽  
Jamie K. McCallum ◽  
Ari Grant-Sasson

This chapter explores the relationship between hours of work and unemployment. When it comes to time spent working in the United States at present, two problems immediately come to light. First, an asymmetrical distribution of working time persists, with some people overworked and others underemployed. Second, hours are increasingly unstable; precarious on-call work scheduling and gig economy–style employment relationships are the canaries in the coal mine of a labor market that produces fewer and fewer stable jobs. It is possible that some kind of shorter hours movement, especially one that places an emphasis on young workers, has the potential to address these problems. Some policies and processes are already in place to transition into a shorter hours economy right now even if those possibilities are mediated by an anti-worker political administration.


Author(s):  
Frédéric Grare

India’s relationship with the United States remains crucial to its own objectives, but is also ambiguous. The asymmetry of power between the two countries is such that the relationship, if potentially useful, is not necessary for the United States while potentially risky for India. Moreover, the shift of the political centre of gravity of Asia — resulting from the growing rivalry between China and the US — is eroding the foundations of India’s policy in Asia, while prospects for greater economic interaction is limited by India’s slow pace of reforms. The future of India-US relations lies in their capacity to evolve a new quid pro quo in which the US will formulate its expectations in more realistic terms while India would assume a larger share of the burden of Asia’ security.


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