Business Economics articles from April 2000

Business Economics archives from April 2000

FROM THE EDITOR.
April 1, 2000... This is the second issue under the new editorial team. You may note that there is a variety of articles rather than a particular theme. This is deliberate. In the future, Business Economics will rely primarily on contributed articles and...

Fed Policy and the Effects of a Stock Market Crash on the Economy.(Federal Reserve Board unable to offset effects of market crash)
April 1, 2000... IS THE FED TIGHTENING TOO LITTLE AND TOO LATE? Businesses face the risk at the current time of a stock market crash. Profits will undoubtedly suffer if there is a crash and the economy goes into a recession. This paper shows that unless...

Potential Productivity and the Stock Market in the "New" U.S. Economy.
April 1, 2000... RAPID PRODUCTIVITY GROWTH AND LOW INFLATION EXPLAIN MUCH OF THE STOCK MARKET BOOM. Rapidly declining prices of capital goods recently have pushed the underlying growth of worker productivity to rates rivaling those of the 1960s. This...

Reflections on Risk Management.
April 1, 2000... DEALING WITH THE EXTREME UNEXPECTED Unpredicted, drastic market moves every year for the past decade haunt the global capital markets, and managers everywhere have desperately sought proper risk management techniques to prepare for the...

Defaults and Returns on High-Yield Bonds: Lessons from 1999 and Outlook for 2000-2002.(junk bond market risk)
April 1, 2000... Business economists must weigh the benefits from increased leverage with the costs (bankruptcy and agency costs) of heightened financial risk and financial fragility. This study serves as a reminder, both to fixed income and equity investors,...

RiP Fixed Pricing: The Internet Is on Its Way to "Marketizing" Everything.(price transparency online)
April 1, 2000... INTERNET BUSINESS-TO-BUSINESS AUCTIONS FOSTER TRANSPARENCY AND EFFICIENCY The Internet has made business-to-business auction-based transactions a new force in markets. The result is to force some markets to be much more competitive,...

Legal and Economic Aspects of the Microsoft Case: Antitrust in the Information Age.(Panel Discussion)
April 1, 2000... PROMINENT SCHOLARS EXPLORE THE ISSUES The outcome of the Microsoft antitrust case may have significant effects on those businesses that use Microsoft software and set important precedents for antitrust cases in the information age. This...

Predicting GDP Growth Before the BEA's Advance GDP Release.(Bureau of Economic Analysis)
April 1, 2000... A HOW-TO MANUAL Prior to the Bureau of Economic Analysis' advance GDP release, many GDP components can be anticipated using publicly available source data and regression analysis. This article shows which ones, addresses the adding-up...

BLS Occupational Employment Projections to 2008.(Bureau of Labor Statistics methodology)
April 1, 2000... It is important for business economists to know the strengths and limitations of the data that they use in their work. This note describes the methods used by BLS to make long-run projections of employment by occupation. This article is...

End Uses and End Users of Small Electric Motors.
April 1, 2000... This article describes the market and outlook for small electric motors, which power an enormous variety of consumer and producer goods. Introduction Fractional horsepower electric motors are used in virtually every sector of the U.S....

Guide to Economic Indicators - 3rd Edition.(Norman Frumkin)(Brief Article)
April 1, 2000... Norman Frumkin, Armonk, NY: M. E. Sharp, Inc., 2000, 313pp., $64.95 hardcover, $24.95 paperback Invariably, for either the occasional or a frequent user of economic statistics, questions will arise about some aspect of a particular series;...

New World, New Rules: The Changing Role of the American Corporation.(Review)
April 1, 2000... Marina v.N. Whitman, Boston, MA: Harvard Business School Press, 1999, 161 pp., $29.95 hardcover. "The revolution that this book explores is the transformation of the large American corporation from the secure, paternalistic, and globally...