Atlantic Economic Journal articles from March 2003

Atlantic Economic Journal archives from March 2003

Asset price inflation and monetary policy.
March 1, 2003... Introduction Several recent papers have addressed the question of whether central banks should respond to changes in asset prices. Bernanke and Gertler [1999] emphasized inflation-targeting as the primary responsibility of monetary...

The euro and its consequences: what makes a currency strong.
March 1, 2003... Introduction "The introduction of the euro was one of the great events in economic history after World War II. The breakdown of the Bretton Woods system shifted the international monetary system from fixed exchange rates to a system of...

Reputation deals: a theory of endogenous teams.(theories regarding formation of teams are discussed)
March 1, 2003... Introduction In some real-life situations, formation of a team is not imposed rather a voluntary act. One may think, for example, of researchers who join each other in writing papers, or legal counselors who found law firms in order to...

The relationships between political support, party strength, and term limits.
March 1, 2003... Introduction This paper represents an empirical effort to test two basic implications of a recent paper by Mao, "On the Inconsistent Behavior in Voting for Incumbents and for Term Limitation." In the data sets developed for this purpose,...

Time variation paths of factors affecting financial institutions and stock returns.
March 1, 2003... Introduction While both bond holders and equity investors have long been interested in both the risk and performance of their investments, commercial bank regulators have taken a renewed interest regarding the information content imbedded...

Elasticity of demand for relative petroleum inventory in the short run.
March 1, 2003... Introduction In this paper, the authors explored the importance of the deviation of inventories away from some expected or normal level in understanding petroleum markets. They refer to this deviation from normal as the relative inventory...

Dynamic forecasting of sticky-price monetary exchange rate model.
March 1, 2003... Introduction It has long been believed that nominal exchange rate behavior is well described by the naive random-walk model. This means that there are no systematic economic forces in determining the exchange rates. Meese and Rogoff [1983]...

A note on student views regarding the course syllabus. (Anthology).
March 1, 2003... National studies by Cashin [1990] and Sixby and Cashin [1995] of 44 academic disciplines at 133 institutions reported that economics classes tended to have the largest class sizes, the least motivated students, and the lowest overall course...

Commercial casino gambling: searching for structural change in state expenditures. (Anthology).
March 1, 2003... Of continual interest to economists are the negative externalities associated with legalized gambling. Besides the moral issues surrounding the adoption of legalized gambling, the fiscal implications, such as increases in state expenditures on...

Can a shopping agent enforce the law of one price? (Anthology).
March 1, 2003... Using data gathered from an Internet shopping agent, Pricegrabber.com, a panel of price data was collected weekly over an 11-month period for a group of 26 commodities. Both price data and shipping costs were reported allowing the incorporation...

Racial discrimination and employment in college football. (Anthology).
March 1, 2003... The work of Blinder [J. of Human Res., 1973] and Flanagan [Rev. Econ. & Stat., 1973] builds a solid foundation of labor economics studies measuring racial discrimination. To date, there has been little examination, outside of the popular media,...

The demand for unbundled elements in telephony revisited. (Anthology).
March 1, 2003... In the December edition of the Atlantic Economic Journal, Ekelund and Ford (F-F) [2002] published a paper estimating the own-price elasticity of demand for a combination of unbundled elements commonly referred to as LINE-P (or LINE-Platform)....