Contemporary Economic Policy articles from July 2001

Contemporary Economic Policy archives from July 2001

INFLATION TARGETERS IN PRACTICE: A LUCKY LOT?(Statistical Data Included)
July 1, 2001... FRANCISCO DE A. NADAL-DE SIMONE [*] Some observers have attributed the success of inflation targeters in reducing inflation to the global disinflation of the 1990s. As a result, inflation targeting countries have been considered to be a...

FINANCIAL MARKET RESPONSES TO MONETARY POLICY CHANGES IN THE 1990s.
July 1, 2001... PAUL WACHTEL [*] The operating target for monetary policy in the United States has changed from borrowings in the late 1980s to a target range for the fed funds rate to a specific fed funds target. In addition, secrecy about the policy...

DETERMINING THE BASE COST OF EDUCATION: AN ANALYSIS OF OHIO SCHOOL DISTRICTS.
July 1, 2001... JOHN RUGGIERO [*] The Ohio Supreme Court recently ruled that Ohio's elementary and secondary public school financing system violates the state's constitution. It was estimated that an additional $1 billion is necessary to overhaul the...

CAN P.S. 27 TURN A PROFIT? PROVISION OF PUBLIC EDUCATION BY FOR-PROFIT SUPPLIERS.
July 1, 2001... DOUGLAS J. LAMDIN [*] School districts in the United States have begun to use for-profit contractors to provide management and instructional services. Studies of this phenomenon are limited because this alternative to public provision is...

THE EFFECT OF OPEN SPACES ON A HOME'S SALE PRICE.
July 1, 2001... NOELWAH R. NETUSIL [*] The relationship between a home's sale price and its proximity to different open spaces types is explored using a data set comprised of single-family home sales in the city of Portland, within Multnomah County,...

PREDICTING THE EFFECTS OF CHANGES IN WELFARE PAYMENTS ON THE PROBABILITIES OF RECEIVING ALTERNATE SOURCES OF INCOME: THE CASE OF HOMELESS PERSONS IN LOS ANGELES.
July 1, 2001... STEPHEN J. CONROY [*] This article investigates the role that changes in welfare payments are likely to have on the earnings behavior of homeless persons. Using a cross-sectional random sample of 1,489 homeless persons in Los Angeles, the...

ADVERTISING RESTRICTIONS, COMPETITION, AND ALCOHOL CONSUMPTION.
July 1, 2001... KUMIKO OKUYAMA [*] Distilled spirits producers recently voted to eliminate their voluntary ban on broadcast advertising. The ban received public support because of the high social cost associated with alcohol consumption and the belief...

WESTERN RANGELANDS REFORM: AN ANALYSIS OF THE 1996 SENATE VOTE ON FEDERAL GRAZING FEES.
July 1, 2001... JON P. NELSON [*] Grazing of livestock on public lands is a controversial environmental issue, despite a long history of federal regulation of this activity. Environmentalists and economists have argued that grazing fees charged by the...

WHAT ATTRACTS FOREIGN MULTINATIONAL CORPORATIONS TO CHINA?
July 1, 2001... KEVIN HONGLIN ZHANG [*] After adopting the open-door policy, China experienced a boom of inward foreign direct investment (FDI) by multinational corporations. This article attempts to assess effects of location characteristics and...

CURRENCY CONVERTIBILITY AND LINKAGE BETWEEN CHINESE OFFICIAL AND SWAP MARKET EXCHANGE RATES.
July 1, 2001... DAVID J. LEATHAM [*] This article investigates the impact of currency convertibility under the current account on the informational linkage between official and swap market exchange rates for Chinese currency (renminbi). Findings indicate...

COMPLEMENTARY MEASURES TO FOREIGN AID: TAIWAN AND THE PRC UNDER DIPLOMATIC RIVALRY.
July 1, 2001... RICHARD C. LIN [*] The competition on foreign aid, as a means for securing foreign policy and other benefits by the donor, can lead to diplomatic rivalry. This article utilizes a game theoretic model to analyze the existing rivalry for...

ERRATUM STATEMENT.(Correction Notice)
July 1, 2001... In the October 2000 issue, the source was omitted for Figure 1 (p. 375) of the article "Is There a Role for Transaction Cost Economics If We View Firms as Complex Adaptive Systems?" by John Foster (Contemporary Economic Policy, 18[4], 2000,...