Atlantic Economic Journal articles from June 2000

Atlantic Economic Journal archives from June 2000

Central Bank Policy Making in Competing Payment Systems.(Critical Essay)
June 1, 2000... DAVID D. VANHOOSE [*] This paper analyzes the interaction between two payment systems. Administrators of both systems establish intraday credit interest fees, caps, and collateral requirements. Analysis of the model indicates that if a...

The Link Between Output and Contracts Under Hyperinflation.(real business cycle theory)(Critical Essay)
June 1, 2000... CAROL A. DOLE [*] DAVID A. DENSLOW [**] MARK RUSH [**] In the conventional Keynesian model, nominal wage contracts (acting as a friction) transmit monetary shocks to real variables. In contrast, the new classical or real business...

Fluctuations in Productivity Growth Rates and Input Utilization in U.S. Manufacturing.(Critical Essay)
June 1, 2000... DANIEL J. RYAN [*] Recent work suggests that the utilization rate of inputs (that is, the intensity with which inputs are used) varies over time and partly explains procyclical productivity. To confirm this, the panel data of the "NBER...

The Academic Labor Market for Economists: 1995-96.(Critical Essay)(Statistical Data Included)
June 1, 2000... MARTIN MILKMAN [*] This paper provides a comprehensive, up-to-date picture of the job market for economists using new survey data on job search and employment experiences for a recent cohort of market participants. Several empirical facts...

Currency Risk and the Safe-Haven Hypothesis.(perception of US dollar during uncertainty)(Critical Essay)
June 1, 2000... TONY CAPORALE [*] It has been argued that the dollar's role as a safe currency may affect its value over and above what can be justified fundamentally. This view stresses the role of the dollar as a safe-haven currency whose demand...

An Aggregate Import Demand Function for Greece.(situation likely to worsen)(Critical Essay)
June 1, 2000... TAPEN SINHA [*] This study estimates the aggregate import demand function for Greece using annual data for the period 1951-92. There are two methodological novelties in this paper. The authors find that the variables used in the aggregate...

The Impact of Public Investment on Private Investment Spending in Latin America: 1980-95.(capital key to employment development)(Critical Essay)
June 1, 2000... MIGUEL D. RAMIREZ [*] This paper investigates the theoretical and empirical links between key economic variables and private spending in Latin America during 1980 to 1995. The empirical findings of this paper directly address the...

Efficiency-Distributional Trade-offs in the Taxation of Environmental Pollution.(Critical Essay)
June 1, 2000... KEITH WILLETT [*] Internalizing the externality costs from environmental pollution with a tax has received a great deal of attention and discussion in environmental economics literature. The primary motivation for setting the size of the...

Changes Over Time in the Decision to Adopt Curbside Recycling.
June 1, 2000... JANUSZ R. MROZEK [*] This study uses observations on California cities to estimate a model of the municipal decision to adopt curbside recycling. The model is estimated separately for two time periods: before and after a state...

Daily Price Adjustments in the U.S. Market for Natural Gas.(Critical Essay)
June 1, 2000... ANTHONY E. BOPP [*] A daily model of cash market for natural gas in the U.S. is presented and estimated over 1997. The model develops the notion that the expected rather than the actual amount of gas in storage (along with weather) and...

On Misquoting Bilateral Exchange Rates.(precision needed)(Brief Article)
June 1, 2000... A bilateral exchange rate is the price of one currency in terms of another. For two currencies, such as x and y, the bilateral exchange rate can be expressed as x/y or y/x. However, there seems to be no consensus view on what these expressions...