1,720,963 research outputs found
Essays on credit frictions and the macroeconomy
No full textThe three chapters in this thesis consider the role macroprudential policy can play in economic booms and busts. The first two chapters concern the recent housing boom in the United States. Whilst it is popularly thought that a significant easing of credit standards caused the boom, the econometric attempts to establish this are largely inconclusive. The fall in real interest rates also fail to account for the magnitude of the boom, suggesting buyers' irrational exuberance. I approach this problem in a new way using tiered housing data that separately covers the price movements of cheap and expensive houses. During the US boom, the cheapest houses had the largest relative price gains in 51 of 52 metro areas studied. In the first chapter I use a simple model to show that this pattern could not have occurred without an easing of credit standards: without this, buyer exuberance or a fall in interest rates would produce the opposite pattern.
Chapter two examines alternative explanations for the tiered pattern, including changes in housing supply, speculation and differential income growth. I show that these variables are not responsible for the pattern, but that, in keeping the theory, there is a statistically and economically significant relationship between credit easing and the relative performance of low and high tier house prices. Taken together, the two chapters conclude that the housing boom would have significantly smaller if policy had prevented credit standards from easing.
The third chapter considers credit traps; a situation in which a severe financial crisis gives rise to a prolonged period of low lending to, and stagnation of, the real economy. We introduce a model in which credit traps are possible, then consider what macroprudential policy can do to help the economy escape from a trap, and to reduce the chances of falling into one
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe 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
Essays on credit frictions and the macroeconomy
No full textThe three chapters in this thesis consider the role macroprudential policy can play in economic booms and busts. The first two chapters concern the recent housing boom in the United States. Whilst it is popularly thought that a significant easing of credit standards caused the boom, the econometric attempts to establish this are largely inconclusive. The fall in real interest rates also fail to account for the magnitude of the boom, suggesting buyers' irrational exuberance. I approach this problem in a new way using tiered housing data that separately covers the price movements of cheap and expensive houses. During the US boom, the cheapest houses had the largest relative price gains in 51 of 52 metro areas studied. In the first chapter I use a simple model to show that this pattern could not have occurred without an easing of credit standards: without this, buyer exuberance or a fall in interest rates would produce the opposite pattern. Chapter two examines alternative explanations for the tiered pattern, including changes in housing supply, speculation and differential income growth. I show that these variables are not responsible for the pattern, but that, in keeping the theory, there is a statistically and economically significant relationship between credit easing and the relative performance of low and high tier house prices. Taken together, the two chapters conclude that the housing boom would have significantly smaller if policy had prevented credit standards from easing. The third chapter considers credit traps; a situation in which a severe financial crisis gives rise to a prolonged period of low lending to, and stagnation of, the real economy. We introduce a model in which credit traps are possible, then consider what macroprudential policy can do to help the economy escape from a trap, and to reduce the chances of falling into one
Variations on the Author
Get PDF“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
Get PDFWe 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
Get PDFWe 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
koamabayili/VECTRON-author-checklist: VECTRON author checklist
No full textWe have done our best to complete the author checklist relating to the use of animals in the hut study. Note that the objective for the hut study was to evaluate the IRS treatment applications for residual efficacy against Anopheles mosquitoes, including the local An. coluzzii mosquito population. Cows were only used to attract mosquitoes into the huts and no tests were carried out directly on the cows. The author checklist is intended for use with studies where experiments are carried out on animals, which is why we have had such difficulty in completing this for the hut study, as many of the questions do not relate to how the cows were used
Author-wise bibliometric analysis based on entropy.
No full textAuthor-wise bibliometric analysis based on entropy.</p
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