Atlantic Economic Journal articles from December 2003

Atlantic Economic Journal archives from December 2003

Best Article Award.(Brief Article)
December 1, 2003... The Atlantic Economic Journal is proud to announce that the winners of the Best Article Award for 2002 are Barbara and Tony Caporale of Ohio University. Their paper entitled, "Asymmetric Effects of Inflation Shocks on Inflation Uncertainty,"...

The impact of European Monetary Union enlargement on central banks.
December 1, 2003... On May 1, 2004, ten additional countries will join the European Union (EU), eight of which are from Central and Eastern Europe. (1) This brings the total number of EU countries to 25. On the same date, these countries will also become members...

Monetary policy towards E(M)U accession: a central banker's view.
December 1, 2003... Overview With the signing of the accession treaties, the EU looks forward to the largest-ever, onetime enlargement of the European Union. As a result, the earlier theoretical debates on what challenges might be associated with accession to...

Impact of EU enlargement: challenges foe Slovenia's monetary and exchange rate policies.
December 1, 2003... Introduction Following the successful conclusion of the accession negotiations in December 2002 and the March 2003 strong referendum vote for EU membership, the signing of the Treaty and Act of Accession--scheduled for April 16, 2003--will...

The impact of EU enlargement on voting procedures of the ECB Governing Council.
December 1, 2003... Enlargement of the European Union will be an ongoing process over the next two decades. Apart from the most advanced group of accession countries, like the Czech Republic, Hungary, Poland, Slovenia, and the Baltic states, more countries are...

Challenges facing the Estonian economy on its way to the European Union.
December 1, 2003... The strategic choices of economic and monetary policy must take into account the realities of the broader environment to work effectively. For Estonia, the early stages of transition have been characterized by the nonexistence of well-developed...

Projecting the U.S. gender wage gap 2000-40.
December 1, 2003... Introduction There is extensive literature examining the size, determinants, and trend over time in the gender wage gap in the United States. (1) The historical pattern is well established--after near stability through the 1960s and 1970s,...

Fed funds futures and the news.
December 1, 2003... Introduction Since the introduction of the fed funds futures contract on October 3, 1988, daily fluctuations in futures prices have provided economic researchers and Federal Reserve Board (Fed) policymakers with a means for capturing...

Tax evasion as a de facto vote of disapproval of PAC contributions.
December 1, 2003... Introduction Edgar Feige [1994, p. 119] has observed that, in the U.S., "Federal Reserve surveys.., of currency usage by American households determined that adult residents admit to holding only 12 percent of the nation's currency in...

Institutional differences as sources of growth differences.
December 1, 2003... Introduction Dissatisfaction with the neoclassical growth theory and its inconsistency with the empirical evidence led to the emergence of alternative growth models in the 1980s [Romer, 1986; 1989; 1990; Lucas, 1988; Becker et al., 1990;...

On the vulnerability of the oil and gas industry to oil price changes.
December 1, 2003... Introduction The economic recessions in the United States in the mid-to-late 1970s and the early 1980s are blamed primarily on oil price increases during those periods. Until recently, the conclusion of Hamilton's [1983] classic work that...

A note on the effect of elections subject to judicial review.
December 1, 2003... Introduction A common refrain in the aftermath of the last U.S. presidential election was, "If you ever doubted that your vote counts, this close election shows that it does." However, the nation did not simply experience a close election,...

Is this exam hazardous to your grandmother's health?(Anthology)(grandparent death as an excuse and probability theory)
December 1, 2003... The author recently taught a class of approximately 350 students. Following one midterm exam, six students claimed to have missed the exam because of a grandparent's death. Worried that the exams might be hazardous to grandparents, the author...

Legislative television: public interest or public choice?(Anthology)
December 1, 2003... Television coverage of legislatures provides sizable increases in political information for voters and other constituents to use in evaluating their representatives. A public interest view of the legislative process suggests that incumbents...

U.S. wood product exports and regional trade.(Anthology)
December 1, 2003... The gravity model has been used to analyze trade patterns among countries. In this study, the conventional gravity model is revised for the single commodity of wood products to determine the main factors affecting trade flows of U.S. wood...

Upside and downside risk with a benchmark.(Anthology)
December 1, 2003... Quantitative assessment on the risk involved in financial positions has received a growing interest among practitioners and academics. Any risk assessment requires one to choose a risk measure, i.e., a function mapping a random variable X to...

Does a salary cap improve competitive balance?(Anthology)
December 1, 2003... Without spending limits in professional sports, there is a danger that a few high-spending clubs will dominate each league. Theoretically, a salary cap would narrow the spread among teams in total player salaries, prevent an overzealous owner...