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57541. Policy Space and voting Coalitions in Congress: the Bearing of Policy on Politics, 1930-1954

Author:
Ira Katznelson, John Lapinski, and Rose Razaghian
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
The question of how the substance of politics helps shape legislative coalitions and bases of support has been displaced from the center of studies of Congress since the publication of pioneering work in the 1960s and early 1970s. Seeking to revive this research program, we apply an original coding scheme in tandem with a factor analytic analysis of voting and policy space to the period spanning the last years of the Hoover presidency to the start of Eisenhower's. Investigating legislator parameters—the dimensions of voting space—and roll call parameters—the dimensions of policy space—the paper confirms the strong independent impact of the substance of policy on the political decisions of legislators and reveals an issue-specific concatenation of party and region that altered over the course of the period.
Topic:
Government and Politics
Political Geography:
United States

57542. Self-Control for the Righteous: toward a Theory of Luxury Pre-Commitment

Author:
Ran Kivetz and Itamar Simonson
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
Prior research has examined consumers' use of self-control to avoid hedonic (myopic) temptations, such as overbuying and smoking. We propose that consumers often exercise the opposite form of self-control, whereby they attempt to avoid default forms of spending on necessities and savings in favor of luxury, hedonic purchases. In particular, given the difficulty of choosing hedonic luxury items over necessities and cash in everyday (local) decisions, under certain conditions, consumers pre-commit to hedonic luxury consumption. Such pre-commitments to hedonic luxuries are more likely to occur when their psychological cost is less concrete. These propositions were tested in a series of studies involving real and hypothetical choices as well as process measures. The results indicate that a substantial segment of consumers choose hedonic luxury prizes over cash of equal or greater value; most of these consumers explain such choices as motivated by the need to pre-commit in order to guarantee a hedonic luxury experience and that the award does not end up in the pool of money used for necessities. In addition, consistent with our analysis, the likelihood of pre-committing to hedonic luxuries is enhanced when (a) the consequences of the decision will be realized farther in the future, (b) the odds of winning the reward are lower, and (c) consumers anticipate how they will use each possible award. We also show that hedonic luxury awards are more effective than cash as incentives for participation in a (real) lottery. The theoretical and practical implications of the results are discussed.
Topic:
Demographics, Economics, and International Trade and Finance

57543. Agricultural Biotechnology's Complementary Intellectual Assets

Author:
Gregory D. Graff, Gordon C. Rausser, and Arthur A. Small
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
We formulate and test a hypothesis for the dramatic restructuring that the plant breeding and seed industry has recently undergone: the reorganization can be explained in part by the desire to exploit complementarities between intellectual assets needed to create genetically modified organisms. This hypothesis is tested using data on agricultural biotechnology patents, notices for field tests of genetically modified organisms, and firm characteristics. The presence of complementarities is identified with a positive covariance in the unexplained variation of asset holdings. Results indicate that coordination of complementary assets have increased under the consolidation of the industry.
Topic:
Agriculture, Industrial Policy, and Science and Technology

57544. When (And How) Regions Become Peaceful: Explaining Transitions From War To Peace

Author:
Benjamin Miller
Publication Date:
01-2001
Content Type:
Working Paper
Institution:
Centre for International Peace and Security Studies
Abstract:
Three important regions have moved from war to peace during the 20th century: South America in the beginning of the century, Western Europe in the middle while the Middle East has begun the move toward the end of the century. Not only did these moves take place in different periods in this century, but they also resulted in completely different types and levels of peace. How can we best explain these transitions and variations? Western Europe moved from a major war-zone to a zone of peace in the years following World War II. South America started the move to regional peace, even if not perfectly, much earlier in the 20th century. However, since the late 1950s Western Europe has reached a much higher level of peace than South America. A vigorous peace process began in the Middle East, in contrast, only in the early 1990s and the peace there is still much more fragile than in the other regions.
Topic:
Defense Policy, Diplomacy, and Peace Studies
Political Geography:
United States, Europe, and South America

57545. International And Transatlantic Images Of Belonging: The United States And Europe In The 21st Century

Author:
John A. Hall
Publication Date:
01-2001
Content Type:
Working Paper
Institution:
Centre for International Peace and Security Studies
Abstract:
This topic was suggested to me by a fellow academic. Otherdirectedness has normally appealed to me in intellectual affairs, for it has encouraged thought on subjects otherwise not on my agenda. But I am uncomfortable on this occasion. Explaining why I feel as if I have been offered what chess players' refer to as a poisoned pawn allows immediate highlighting of the argument to be made.
Topic:
Defense Policy, Diplomacy, and Peace Studies
Political Geography:
United States and Europe

57546. Global Humanitarian Emergencies: Trends and Projections, 1999-2000

Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Both the number and intensity of humanitarian emergencies, as well as the number of people in need, will remain at about the same high level or even increase somewhat by December 2000- testing the capacity and willingness of the international donor community to respond adequately. According to the US Committee for Refugees, roughly 35 million people are in need of emergency humanitarian assistance. There are twenty-four ongoing humanitarian emergencies and new or renewed emergencies could appear in the Balkans, Sub-Saharan Africa, Russia, and/or Central America. Humanitarian conditions throughout the former Yugoslavia, Haiti, Iraq, and North Korea will continue to have a particularly significant impact upon regional stability, as well as on the strategic interests of major outside powers. Conditions are likely to worsen in Angola, Colombia, Ethiopia, Somalia, and the Republic of Serbia within the Federal Republic of Yugoslavia (FRY), excluding the province of Kosovo. The current drought in the Horn of Africa may induce a famine as severe as that of the mid-1980s. The humanitarian situations in the Democratic Republic of the Congo (DROC) and Sierra Leone are unlikely to improve significantly even if pending peace accords hold, and could worsen considerably if such accords were to fail. In addition to the emergencies cited above, several other major countries and regions may experience conflict, political instability, sudden economic crises, or technological or natural disasters- leading to new or renewed humanitarian emergencies: Resumed hostilities between India and Pakistan that expanded beyond the borders of Kashmir, as they did in previous conflicts, would displace a million or more people on both sides of the border. The countries of Central America and the Caribbean that were battered by hurricanes in 1998- especially Honduras, Nicaragua, Dominican Republic, and Haiti-remain vulnerable to weather-induced disasters. Internal ethnic conflict would create substantial humanitarian needs in The Former Yugoslav Republic of Macedonia (FYROM). The possibility of additional sudden economic emergencies also cannot be discounted. In Russia, drought threatens the grain harvest, and unless the outlook improves, Moscow will again need large-scale food assistance. Despite Nigeria's turn toward democracy, escalating conflict in the oil-rich Niger River Delta region could lead to widespread refugee flows into neighboring countries. The possible effects of widespread Y2K-related difficulties could aggravate current humanitarian emergencies or lead to new emergencies. The overall demand for emergency humanitarian assistance through December 2000 may exceed the willingness of major donor countries to respond. Overall funding for ongoing emergencies has probably temporarily spiked upward owing to Hurricane Mitch and Kosovo. Nevertheless, the focus on the Balkans could detract attention and resources from other regions with extensive humanitarian needs. Absent major new emergencies, the longer-term funding trend is likely to continue downward, increasing the shortfall. Government funding is likely to decline fastest for long-lasting conflicts where attempts at political resolution continue to fail.
Topic:
Genocide, Government, Human Rights, and Politics
Political Geography:
Russia, Balkans, and Central America

57547. Impact of the War on Terror on Certain Aspects of US Policy in the Middle East

Author:
Paul Jabber
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The purpose of this analysis is to assess the likely impact that the US campaign against global terrorism launched in the wake of the attacks of September 11th, 2001, will have on key American interests in the Middle East over the medium term (next 12 months). The main focus will be on the expected perceptions and reaction to US policy of selected important Middle East actors, regime stability and changing regional alignments.
Topic:
Foreign Policy, Terrorism, and War
Political Geography:
America and Middle East

57548. Foreign Missile Developments and the Ballistic Missile Threat Through 2015

Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The ballistic missile remains a central element in the military arsenals of nations around the globe and almost certainly will retain this status over the next fifteen years. States willingly devote often scarce resources in efforts to develop or acquire ballistic missiles; build the infrastructures necessary to sustain future development and production; and actively pursue technologies, materials, and personnel on the world market to compensate for domestic shortfalls, gain increased expertise, and potentially shorten development timelines.
Topic:
International Relations, Security, Foreign Policy, and Weapons of Mass Destruction
Political Geography:
United States

57549. The Global War on Terrorism

Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
On September 11, terrorists attacked freedom. The world has responded with an unprecedented coalition against international terrorism. In the first 100 days of the war, President George W. Bush increased America's homeland security and built a worldwide coalition that: Began to destroy al-Qaeda's grip on Afghanistan by driving the Taliban from power. Disrupted al-Qaeda's global operations and terrorist financing networks. Destroyed al-Qaeda terrorist training camps. Helped the innocent people of Afghanistan recover from the Taliban's reign of terror. Helped Afghans put aside long-standing differences to form a new interim government that represents all Afghans – including women.
Topic:
Defense Policy, National Security, Terrorism, and War
Political Geography:
United States

57550. Workshop on Information Technology in Africa

Publication Date:
10-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The last 20 years have been characterized by rapid improvements in information technology and have com e to be regarded as the “Information Revolution.” The Information Revolution is changing the speed at which information is communicated, the facility with which calculations can be conducted in real time, and the costs and speed of observation of physical phenomena. Applications of IT in transportation mean that people and goods can be moved m o re efficiently; applications to the production process mean that goods and services can be produced m o re efficiently.
Topic:
International Relations, Government, and Science and Technology
Political Geography:
Africa

57551. An Empirical Comparison of Bundesbank and ECB Monetary Policy Rules

Author:
John H. Rogers, Jonathan H. Wright, and Jon Faust
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We estimate a monetary policy reaction function for the Bundesbank and use it as a benchmark to assess the monetary policy of the ECB since the launch of the euro in January 1999. We find that euro interest rates are low relative to this benchmark. We consider several possible reasons for this, including the divergence between core and headline inflation, inflation having turned out to be higher than could have been foreseen by the ECB and the possibility that the ECB is focussing only on macroeconomic conditions in a subset of member countries. We argue that these potential explanations cannot account for the difference between recent interest rates and our estimated Bundesbank benchmark. Our results suggest that the reaction function of the ECB features a high weight on the output gap relative to the weight on inflation, compared to the Bundesbank.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
United States

57552. Global Humanitarian Emergencies: Trends and Projections, 2001-2002

Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The capacity and willingness of the international community to respond to humanitarian emergencies will continue to be stretched through December 2002. The overall number of people in need of emergency humanitarian assistance—now approximately 42 million—is likely to increase: Five ongoing emergencies—in Afghanistan, Burundi, Colombia, North Korea and Sudan—cause almost 20 million people to be in need of humanitarian assistance as internally displaced persons (IDPs), refugees, or others in need in their home locations. All these emergencies show signs of worsening through 2002. In addition, humanitarian conditions may further deteriorate in populous countries such as the Democratic Republic of Congo (DROC) or Indonesia. The total number of humanitarian emergencies—20—is down from 25 in January 2000. Of the current emergencies: Eleven are in countries experiencing internal conflict—Afghanistan, Angola, Burundi, Colombia, DROC, Indonesia, Russia/Chechnya, Sierra Leone, Sri Lanka, Sudan, and Uganda. Two—in Iraq and North Korea—are due largely to severe government repression. The remaining six—in Azerbaijan, Bosnia and Herzegovina, Eritrea, Ethiopia, Somalia, and Yugoslavia—are humanitarian emergencies that have entered the transitional stage beyond prolonged conflict, repressive government policies, and/or major natural disasters. The primary cause of the emergency in Tajikistan is drought. Several other countries currently experiencing humanitarian emergencies—Afghanistan, Eritrea, Ethiopia, North Korea, Somalia, and Sudan—also are affected by major, persistent natural disasters.
Topic:
International Relations, Security, Government, and Human Rights
Political Geography:
Afghanistan, Iraq, North Korea, and Somalia

57553. Monetary Policy and Exchange Rate Pass-Through

Author:
Jane Ihrig and Joseph E. Gagon
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The pass-through of exchange rate changes into domestic inflation appears to have declined in many countries since the 1980s. We develop a theoretical model that attributes the change in the rate of pass-through to increased emphasis on inflation stabilization by many central banks. This hypothesis is tested on twenty industrial countries between 1971 and 2003. We find widespread evidence of a robust and statistically significant link between estimated rates of pass-through and inflation variability. We also find evidence that observed monetary policy behavior may be a factor in the declining rate of pass-through.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
United States

57554. Battling International Bribery 2001

Publication Date:
07-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The battle against international bribery and other forms of public corruption remains a high priority for the United States. As President George W. Bush stated in his May 2001 message to the Second Global Forum on Fighting Corruption, “The corruption of governmental institutions threatens our common interests in promoting political and economic stability, upholding core democratic values, ending the reign of dictators, and creating a level playing field for lawful business activities.
Topic:
Foreign Policy, Defense Policy, and Economics
Political Geography:
United States

57555. Report on Biological Warfare Defense: Vaccine Research Development Programs

Publication Date:
07-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Section 218 of the Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001, Public Law (PL) 106-398 (at Appendix A) requires the submission of a report to the congressional defense committees on the acquisition of biological defense vaccines for the Department of Defense (DoD). As required by section 218, PL 106-398, this report addresses: 1) the implications of relying on the commercial sector to meet the DoD's biological defense vaccine requirements; 2) a design for a government-owned, contractor-operated (GOCO) vaccine production facility; 3) preliminary cost estimates and schedule for the facility; 4) consultation with the Surgeon General on the utility of such a facility for the production of vaccines for the civilian sector and the impact of civilian production on meeting Armed Forces needs and facility operating costs; and 5) the impact of international vaccine requirements and the production of vaccines to meet those requirements on meeting Armed Forces needs and facility operating costs.
Topic:
Defense Policy, Human Welfare, and Science and Technology
Political Geography:
United States

57556. Russia in the International System

Publication Date:
06-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Russia's Foreign Policy Russian foreign policy in the coming years will be characterized by weakness; frustration--primarily with the United States as the world's preeminent power--over Russia's diminished status; generally cautious international behavior; and a drive to resubjugate, though not reintegrate, the other former Soviet states. The international situation affords Russia time to concentrate on domestic reforms because, for the first time in its history, it does not face significant external threats. But rather than use the breathing space for domestic reforms, Putin is as much--if not more--focused on restoring Russia's self-defined rightful role abroad and seeking to mold the CIS into a counterweight to NATO and the European Union. The Outside World's Views of Russia Russia does not have any genuine allies. Some countries are interested in good relations with Russia, but only as a means to another end. For example, China sees Russia as a counterweight to the United States but values more highly its ties with the United States. Some countries see Russia as a vital arms supplier but resent Russia also selling arms to their rivals (China-India, Iran-Iraq). Pro-Russia business lobbies exist in Germany, Italy, Turkey, and Israel (one-fifth of whose population now consists of Soviet émigres), but they do not single-handedly determine national policies. Europe is the only region that would like to integrate Russia into a security system, but it is divided over national priorities and institutional arrangements as well as put off by some Russian behavior. Most CIS governments do not trust their colossal neighbor, which continues to show an unsettling readiness to intervene in their internal affairs, though they know Russia well and are to a considerable degree comfortable in dealing with it. Turkey has developed an improved dialogue and an unprecedented number of economic ties with Russia during the post-Cold War period, but this more positive pattern of relations has not fully taken root, and Ankara remains suspicious of Moscow's intentions. Since the collapse of the Soviet Union, Moscow's role in the Middle East has been reduced, but Israel, Syria, Egypt, Libya, and Iraq all favor good relations with Russia. Mutual interests also override disagreements in Russian-Iranian relations, but Tehran is wary of Russian behavior, particularly toward Saddam Hussein. India still trusts Russia--a sentiment that is perhaps a residue of the genuine friendship of Cold War days--but clearly not in the same way it once did, and New Delhi fears that weakness will propel Russia into doing things that could drive India further away. In East Asia, the most substantial breakthrough has been the resurrected relationship between Russia and China, one that entails significant longer-term risk for Russia. Other countries in the region value their links with Moscow as a means to balance a more powerful China, or as a useful component of their larger political and economic strategies, but Russia's role in East Asia--as elsewhere--remains constrained by the decline in its political, military, and economic power over the last decade. Russia's Weakness Russia's weakness stems from long-term secular trends and from its domestic structure. In essence, the old nomenklatura and a few newcomers have transformed power into property on the basis of personal networks and created an equilibrium resting on insider dealings. These insiders may jockey for position but have a vested interest in preserving the system. The public does not like the system but is resigned to it and gives priority to the preservation of order. As for the economy, it is divided into a profitable, internationally integrated sector run by oligarchs and a much larger, insulated, low-productivity, old-style paternalistic sector that locks Russia into low growth. No solace will be forthcoming from the international business and energy worlds. They do not expect the poor commercial climate to improve greatly and will not increase investments much beyond current levels until it does. Militarily, Russia will also remain weak. Its nuclear arsenal is of little utility, and Moscow has neither the will nor the means to reform and strengthen its conventional forces. Hope for the Future? The best hope for change in Russia lies with the younger generation. Several participants reported that under-25 Russians have much more in common with their US counterparts, including use of the Internet, than with older Soviet generations. But there was some question over whether the new generation would change the system or adapt to it. Others placed some hope in international institutions, for instance the World Trade Organization, eventually forcing Russia to adapt to the modern world. Dissenting Views Some participants dissented from the overall forecast of depressing continuity. The keynote speaker, James Billington, stated that Russia would not be forever weak and that the current confusion would end in a few years either through the adoption of authoritarian nationalism or federated democracy. One scholar felt the Chechen war was feeding ethnic discord in other areas of the Federation to which Moscow would respond with increased authoritarianism, not necessarily successfully. Finally, a historian observed that the patience of Russians is legendary but not infinite, meaning that we should not be overly deterministic.
Topic:
International Relations, Foreign Policy, and Development
Political Geography:
Russia, United States, China, Middle East, and Israel

57557. Report of the Defense Science Board Task Force on High Energy Laser Weapon Systems Applications

Publication Date:
06-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Several decades of science and technology, concept development, and engineering development have provided the underpinnings for a significant contribution by high-energy lasers (HELs) to national security needs. The potential for speed-of-light response with a wide variety of effects to support a variety of missions suggests a new level of flexibility and adaptability-attributes that are particularly valuable in the complex national security environment currently existing and unfolding. As in the case of most important new technologies, we are just beginning to understand and exploit the potential of high-energy lasers. It is nonetheless important to realize the extent of this potential. Directed-energy weapons can add a new dimension to a wide range of missions.
Topic:
Defense Policy, Development, Energy Policy, and Science and Technology

57558. Permanent and Transitory Components of Business Cycles: Their Relative Importance and Dynamic Relationship

Author:
Chang-Jin Kim, Jeremy Piger, and Richard Startz
Publication Date:
05-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This paper investigates the relationship between permanent and transitory components of U.S. recessions in an empirical model allowing for business cycle asymmetry. Using a common stochastic trend representation for real GNP and consumption, we divide real GNP into permanent and transitory components, the dynamics of which are different in booms vs. recessions. We find evidence of substantial asymmetries in postwar recessions, and that both the permanent and transitory component have contributed to these recessions. We also allow for the timing of switches from boom to recession for the permanent component to be correlated with switches from boom to recession in the transitory component. The parameter estimates suggest a specific pattern of recessions: switches in the permanent component lead switches in the transitory component both when entering and leaving recessions.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
United States and Mexico

57559. Second Annual Report

Publication Date:
05-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The Commission considerably broadened its activities in its second full year, monitoring religious-freedom violations worldwide and increasing the number of countries it would study in depth. In July, the Commission wrote to the Secretary of State to recommend that Laos, Democratic People's Republic of Korea, Saudi Arabia, and Turkmenistan be added to the list of “countries of particular concern” as provided for in the International Religious Freedom Act of 1998 (IRFA). It also recommended that Burma, China, Iran, Iraq, Sudan, the Milosevic regime in Serbia and the Taliban in Afghanistan remain on the list. In addition, it wrote that India, Pakistan, Uzbekistan, and Vietnam are serious violators of religious freedom deserving careful State Department monitoring; it also expressed concerns about sectarian violence in Indonesia and Nigeria.
Topic:
Foreign Policy, Diplomacy, Human Rights, and Religion
Political Geography:
Pakistan, Afghanistan, United States, China, Iraq, Iran, Sudan, Taliban, and Vietnam

57560. Report of the Defense Science Board Task Force on Future DoD Airborne High-Frequency Radar Needs/Resources

Publication Date:
04-2001
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
The Defense Science Board Task Force was formed to address questions related to the development of X-band, active, electronically steered arrays (AESAs) for airborne platforms. Areas focused on were advanced radar capabilities for ground targets and air targets.The airborne radar inventory can be divided into three broad categories:(1) Air target surveillance and cueing radars mounted in rotodomes (e.g., AWACS,-2C).(2) Nose- mounted fighter radars for air and ground targets (e.g., F-15, F-16, F-22, JSF).(3) Side-looking radars for ground reconnaissance, surveillance, and cueing (e.g., U-2, JSTARS, Global Hawk). Categories (2) and (3) are dominated by X-band radars; the insertion of AESA technology into category (3) was the primary subject for this task force.
Topic:
Defense Policy, Development, and Science and Technology
Political Geography:
United States