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Atlantic Economic Journal articles from September 2000
Quarterly publication provides economic developments and changes on a global level. It also publishes economists' research and book reviews.
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Atlantic Economic Journal archives from September 2000
Lessons from the Early History of the Federal Reserve.
September 1, 2000... ALLAN H. MELTZER [*]
We meet in Germany a little more than one year after the start of a new monetary institution, modeled in part as a federal system like the Federal Reserve with policy operations like those of the Bundesbank. For the...
The Threat to the German Welfare State.
September 1, 2000... HANS-WERNER SINN [*]
Germany is in a dilemma. Low wage competition via product and factor markets increases the demands on the welfare state, but increased systems competition in the context of international factor mobility reduces the...
Introduction to a Symposium on Central Banks After the European Monetary Union.(European Central Bank)(Brief Article)
September 1, 2000... ALLAN H. MELTZER [*]
The start of the European Central Bank in 1999 is often compared to the start of the Federal Reserve System in 1913. There are similarities. Both started as federal systems with substantial operating responsibilities...
The Future Role of National Central Banks in the Eurosystem.
September 1, 2000... HEINZ HERRMANN [*]
This contribution describes some changes in European central banks after the start of the European monetary union. It explains how staffs at the national central banks cooperate with the staff at the European Central...
The Current Role of National Central Banks in the Eurosystem.(European System of Central Banks; Oesterreichische Nationalbank)
September 1, 2000... EDUARD HOCHREITER [*]
This paper describes in some detail the tasks currently performed by the national central banks of the Eurosystem, using the Oesterreichische Nationalbank as an example. it does so against the background of the regime...
Switzerland and the Euro.(Swiss National Bank)
September 1, 2000... GEORG RICH [*]
Switzerland is not a member of the European Union and, therefore, does not belong to the euro area. Nevertheless, the exchange rate of the Swiss franc against the euro has remained fairly stable. This stability does not...
European Stagnation and American Growth.(Statistical Data Included)
September 1, 2000... GUNTER GABISCH [*]
It is a rather common and well-known behavior to begin with stylized facts. So what are the stylized facts with regard to the topic: European stagnation and American growth? In 1997, the real growth rate per capita in...
Does Inflation Lower Productivity? Time Series Evidence on the Impact of Inflation on Labor Productivity in 12 OECD Nations.
September 1, 2000... DAVID B. YERGER [*]
According to proponents of zero-inflation policies, even low rates of inflation create distortions in capital allocation and in price signals, which result in lower rates of productivity growth. This paper tests the...
Does Rising Consumer Debt Signal Future Recessions?: Testing the Causal Relationship Between Consumer Debt and the Economy.
September 1, 2000... ELIZABETH DUNNE SCHMITT [*]
This paper examines the relationship between measures of the consumer debt burden and various economic indicators. The consumer loan delinquency rate is useful in predicting consumer spending on durable goods...
Real Exchange Rate Determination in Eastern Europe.(Czech Republic; Slovenia)
September 1, 2000... SANJA GRUBACIC [*]
This paper develops a simple theoretical model of exchange rate determination in a transitional economy. The distinguishing feature of the model is the retention of market failures pertaining to the production and...
Trade and Wage Inequality: Are They Related?
September 1, 2000... KOUSHIK GHOSH [*]
PETER J. SAUNDERS [*]
BASUDEB BISWAS [**]
The objective of this paper is to investigate the relationship between net exports and wage inequality in the U.S. The short- and long-run analyses of the U.S. trade and...
Should Class Attendance be Mandatory?(Brief Article)
September 1, 2000... Abbott Laboratories and University of Dayton--U.S.A.
Class meeting is a primary means of delivering educational service. However, virtually every college professor finds that undergraduate students cut classes. Romer [Journal of Economic...
A Proposal for Evaluating Value-at-Risk Models.(Brief Article)
September 1, 2000... La Trobe University--Australia
Value-at-risk (VAR) models are used to measure the market risk of financial assets or portfolios of assets. Specifically, they are used to measure the potential loss resulting from an adverse market movement...
Performance Differences Between Public and Private Firms in Turkey.(Brief Article)
September 1, 2000... Middle East Technical University--Turkey and Texas Tech University--U.S.A.
This note summarizes the results of an empirical investigation of the existence of productivity and profitability differences between public and private firms in...
Geographic Living-Cost Determinants: 1995.(Brief Article)
September 1, 2000... Armstrong Atlantic State University--U.S.A.
The determinants of geographic living-cost differentials in the U.S. were analyzed extensively in the 1980s [Hogan, Social Science Quarterly, 1983; Ostrosky, Social Science Quarterly, 1986;...
Strict Concavity with Homogeneity and Decreasing Returns to Scale.(Brief Article)
September 1, 2000... Nothern Illinois University--U.S.A.
This paper provides a simple proof of the result that if a homogeneous production function which displays decreasing returns to scale (DRS) is also quasiconcave, then the function is strictly concave....