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  • Author: Chan Huh
  • Publication Date: 01-1996
  • Content Type: Working Paper
  • Institution: U.S. Government
  • Abstract: This paper examines the dynamic relationship between changes in the finds rate and nonborrowed reserves within a reduced form framework that allows the relationship to have WO distinct patterns over time. A regime switching model a la Hamilton (1989) is estimated. On average, CPI inflation has been significantly higher in the regime and volatile changes in funds rate. Innovations in money growth are characterized by large associated with a strong anticipated inflation effect in this high inflation regime, and a moderate liquidity effect in the low inflation regime. Furthermore, an identical money innovation generates a much bigger increase in the interest rate during a transition period from the low to high inflation regime than during a steady high inflation period. This accords well with economic intuition since the transition period is when the anticipated inflation effect initially gets incorporated into the interest rate. The converse also holds. That is, the liquidity effect becomes stronger when the economy leaves a high inflation regime period and enters a low inflation regime period.
  • Topic: International Relations, Development, Economics, International Trade and Finance
  • Author: Neil R. Ericsson, Sunil Sharma
  • Publication Date: 07-1996
  • Content Type: Working Paper
  • Institution: U.S. Government
  • Abstract: This paper develops a constant, data-coherent, error correction model for broad money demand (M3) in Greece. This model contributes to a better understanding of the effects of monetary policy in Greece, and of the portfolio consequences of financial innovation in general. The broad monetary aggregate M3 was targeted until recently, and current monetary policy still uses such aggregates as guidelines, yet analysis of this aggregate has been dormant for over a decade.
  • Topic: Economics, Government, International Trade and Finance
  • Political Geography: Europe
  • Publication Date: 04-1995
  • Content Type: Working Paper
  • Institution: The Carter Center
  • Abstract: With the first peaceful transfer of power from one political party to another in Nicaraguan history in 1990, Nicaraguans ended a decade-long civil war and began a process of reconciliation. Within the space of a year, the army was shrunk from 96,000 to less than 15,000 troops, the Nicaraguan Resistance was demobilized, and new forms of dialogue between previously hostile groups emerged. Nevertheless, economic recovery remained elusive in the face of hyperinflation, high expectations and competing demands among organized groups, and a lack of confidence among investors and producers. Disputes over property have played a significant role in Nicaragua's recent political and economic experience, and are a fundamental factor in its future economic recovery and political reconciliation.
  • Topic: Conflict Resolution, Economics, International Law, Politics
  • Political Geography: Latin America, Central America
  • Author: Thomas Chronopoulos
  • Publication Date: 12-1995
  • Content Type: Working Paper
  • Institution: Center for Studies of Social Change
  • Abstract: In the period between 1758 and 1834 repertoires of contention in Britain changed from parochial, particular, and bifurcated to cosmopolitan, modular, and autonomous. In other words, eighteenth century actions "that included a good deal of ceremonial, street theater, deployment of strong visual symbols, and destruction of symbolically charged objects" through the course of time lost their relative predominance and instead "demonstrations, strikes, rallies, public meetings, and similar forms of public interaction came to prevail during the nineteenth century." These new routines for the eighteenth century contentious events are the ones that ordinary people in the United States and Western Europe still to this date principally employ to make claims. This conclusion merges from a systematic study of more than 8,000 contentious gatherings, in Southern England (1758-1820) and Great Britain as a whole (1828-1834).
  • Topic: Conflict Resolution, Security, Economics, Politics
  • Political Geography: Britain, United States, United Kingdom, Europe, England
  • Publication Date: 12-1994
  • Content Type: Working Paper
  • Institution: Center for Defense Information
  • Abstract: The end of the Cold War has had a major impact on global trade in conventional armaments, just as it has on most facets of national security and defense. The nature of global demand for arms has shifted from the context of rivalry between superpowers and their associated client states to providing for national defense within the context of regional security needs. While these changes have led to a decline in total global demand for arms, countries continue to seek to acquire substantial amounts of increasingly sophisticated weapons. Ironically, in many respects, the post-Cold War world is more unstable than the Cold War era, and is characterized by increased violence, by increased proliferation of military technology, and by the potential for these trends to continue. In this context, while the nature of the political-military issues that the U.S. and friendly nations now confront has changed, arms exports will continue to be a means of advancing U.S. national security and foreign policy objectives.
  • Topic: Security, Foreign Policy, NATO, Arms Control and Proliferation, Economics
  • Political Geography: United States
  • Author: Jimmy Carter
  • Publication Date: 12-1992
  • Content Type: Working Paper
  • Institution: The Carter Center
  • Abstract: The Conference for Global Development Cooperation, convened by former President Jimmy Carter and United Nations Secretary-General Boutros Boutros-Ghali, was held at The Carter Center in Atlanta, Georgia on December 4 and 5, 1992.
  • Topic: Economics, Government, International Cooperation, International Political Economy, Third World
  • Political Geography: United Nations, Georgia
  • Author: Jimmy Carter
  • Publication Date: 04-1988
  • Content Type: Working Paper
  • Institution: The Carter Center
  • Abstract: The United States faces a competitiveness crisis. The indicators are abundant. An alarming number of American students and workers do not seem to have the skills needed to succeed in the more demanding jobs of the modern economy. Many American inventions never make it from drawing board to marketplace, or arrive too late - long after aggressive foreign firms have captured customer loyalty. Some American products have been improperly designed or priced too high to compete with top-quality foreign imports. Partly as a result, not enough American companies have penetrated foreign markets with U.S. goods and services.
  • Topic: Economics, Government, Industrial Policy
  • Political Geography: United States