1,721,098 research outputs found

    A half-century diversion of monetary policy? An empirical horserace to identify the UK variable most likely to deliver the desired nominal GDP growth rate

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    The financial crisis of 2007-2008 triggered monetary policy designed to boost nominal demand, including 'Quantitative Easing', 'Credit Easing', 'Forward Guidance' and 'Funding for Lending'. A key aim of these policies was to boost the quantity of bank credit to the nonfinancial corporate and household sectors. In the previous decade or more, however, policy-makers had not focused on bank credit. Indeed, over the past half century, different variables were raised to prominence in the quest to achieve desired nominal GDP outcomes. This paper conducts a long-overdue horse race between the various contenders in terms of their ability to account for observed nominal GDP growth, using a half-century of UK data since 1963. Employing the 'General-to-Specific' methodology, an equilibrium-correction model is estimated suggesting a long-run cointegrating relationship between disaggregated real economy credit and nominal GDP. Short-term and long-term interest rates and broad money do not appear to influence nominal GDP significantly. Vector Autoregression and Vector Error Correction modelling shows the real economy credit growth variable to be strongly exogenous to nominal GDP growth. Policymakers are hence right to finally emphasise the role of bank credit, although they need to disaggregate it and specifically target bank credit for GDP-transactions

    Going Beyond Counting First Authors in Author Co-citation Analysis

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    The present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed

    Policy and practice implications from the English and Romanian adoptees (ERA) study: forty five key questions

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    The English Romanian Adoptees (ERA) study is a remarkable exploration of the experiences of children whose early lives in Romanian institutions were unimaginably poor and who were then adopted into English families with all the material, emotional and social advantages that this brings. This publication focuses on the policy and practice implications of this internationally known study.Initiated in 1992 because of the major uncertainties about what would happen to children adopted by UK families from extremely depriving Romanian institutions, the ERA study has been reported on, at initial and then follow-up stages, over the past 17 years, with the most recent findings published in 2009. To be able to follow these children longitudinally over so many years, and to track their progress and understand the influence and interaction of both their poor start and their later advantage, has transformed the understanding of child and adolescent development.This book considers the policy and practice implications of what has been learned through this longitudinal study. Rather than focusing on the research findings as such, which have been reported upon elsewhere, this publication tackles those questions most often posed by practitioners and policy makers, including the following: * Does the removal from institutions and the adoption into well functioning families bring about recovery for these children? * What are the challenges for the children and for the adopting families? * What are the effects on the young people of leaving institutional care? * What are the effects of deprivation on physical development and psychological functioning? * What are the service implications of these?The book begins with the necessary introduction to the ERA study, proceeds to answer 45 key questions, and ends with overall conclusions. It will be of great interest, both in the UK and internationally, to practitioners, policy makers, adoptive families, academics and all others interested in the outcomes for children adopted into the UK from institutions overseas

    Variations on the Author

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    “Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship

    Appropriate Similarity Measures for Author Cocitation Analysis

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    We provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis

    Dispelling the Myths Behind First-author Citation Counts

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    We conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more sophisticated methods
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