27,180 research outputs found
Rice University men's track relay competitors, Ellison Stinson, Carlton Benett, Steve Martin, Bruce Gingrich
No full textBlack and white photograph of Ellison Stinson, Carlton Benett, Steve Martin, and Bruce Gingrich in their track and field uniforms
Ellison: ‘Invisible Man’
Get PDFA brief commentary prepared by John McCombe, PhD, Professor, English, on the following work:
Ralph Ellison Invisible Man1952; first edition; presentation copy
Herbert Woodward Martin, professor emeritus of English, reads a selection.https://ecommons.udayton.edu/rosebk_commentary/1014/thumbnail.jp
Essays on unconventional monetary policy and long-term government debt
Get PDFThis thesis studies the optimal conduct of unconventional monetary policy in the form of purchases of long-term government debt by the central bank and, motivated by this policy tool, the evolution of long-term government debt holdings in household portfolios over the course of the life cycle. It is comprised of three self-contained chapters. The first chapter investigates whether it can be beneficial for central banks to use the unconventional tool even when the main policy rate is not constrained by the zero lower bound. A friction in the interaction between households and banks allows central bank purchases of long-term government debt to reduce long-term interest rates and thus to stimulate economic activity. If debt purchases and conventional short-term interest rate policy are coordinated in an appropriate way, the central bank is able to reduce the volatility of output and inflation. In the second chapter, the role that unconventional monetary policy can play in a currency union is analysed. A model is laid out, in which two countries form a currency union with a common central bank but separate and uncoordinated fiscal policy institutions. When monetary policy is implemented only through the common short-term interest rate, the central bank is unable to respond effectively to country-specific shocks. Due to segmentation in the market for long-term government debt, the yield on long-term debt can differ across countries. As a result, a monetary policy authority that can rely on bond purchases is able to address idiosyncratic shocks reflected in volatility of the natural terms of trade more effectively and to achieve higher welfare than one that cannot make use of this instrument. The final chapter studies the long-term government bond share in household portfolios over the course of the life cycle. US data from the Survey of Consumer Finances suggests that participation in the market for long-term government debt first increases and later decreases as agents approach the retirement age. The portfolio share conditional on participation is non-decreasing over the working life. These stylised facts can be explained by means of a portfolio choice model in which agents are subject to aggregate risk through asset returns as well as idiosyncratic risk through labour income and the stochastic events of retirement and death
Flexible labour markets, real wages and economic recoveries
No full textEconomists discuss the impact of low wages on the economy, and differences across EU countries - by Wouter Den Haan, Ethan Ilzetzki, Martin Ellison and Michael McMaho
Are academic economists out of touch with voters and politicians?
No full textA new CFM survey discusses the implications of Brexit for the economics profession, write Wouter Den Haan, Ethan Ilzetzki, Martin Ellison and Michael McMaho
The Policing and Prosecution of Rape: What Do We Know and How Should Our Knowledge Shape Policy and Practice?
No full textThis is a video of a lecture given by Betsy Stanko at LSE on 11 March 2014, in which she presents the findings of her research on the investigation and prosecution of rapes reported to the Metropolitan Police Service over the 8 years from 2005-2013. The lecture is followed by comments from panellists Louise Ellison, Martin Hewitt and Harriet Wistrich. Louise Ellison addresses the treatment of rape complainants with mental health conditions; Martin Hewitt discusses the need to provide access to justice for rape victims; and Harriet Wistrich talks about the recent civil case, DSD v Commissioner of Police for the Metropolis [2014] EWHC 436 (QB), in which two of the victims of serial rapist John Worboys successfully sued the Metropolitan Police under the Human Rights Act 1998 for failures in their investigation of the rapes. The event was organised by LSE Law, LSE Gender Institute and the Mannheim Centre for Criminology, and was chaired by Christine Chinkin
Is the era of central bank independence drawing to a close?
No full textA survey of top European economists discusses central bank independence and inflation targeting, write Wouter Den Haan, Ethan Ilzetzki, Martin Ellison, Michael McMahon and Ricardo Rei
Labour taxation and employment in trade union models: A partial survey
Get PDFThis paper uses a union bargaining framework, where the wage rate is negotiated between the representatives of employees and employers and firms unilaterally determine employment, to discuss the relationship between labour taxation and employment. In imperfectly competitive labour markets higher labour taxes – income and payroll taxes – will increase labour costs and have negative effects on employment. Tax progression tends to moderate wages and boost employment. Moreover, if labour tax bases are unequal due to tax exemptions, the structure of labour taxation matters so that the tax wedge may not be a sufficient statistic to describe the channel of influence of labour taxation. Finally, distortionary effects of labour taxes in more corporatist economies should be smaller than in economies with more decentralised wage bargaining. Empirical evidence – though not always very strong – supports these notions.union bargaining; labour taxation; tax progression
Is a loose monetary policy still appropriate for the Eurozone?
No full textA survey of economic experts discusses quantitative easing and its impact on structural reforms in the EU - by Wouter Den Haan, Ethan Ilzetzki, Martin Ellison, Michael McMahon and Ricardo Rei
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