816 research outputs found

    Phelps, C G (Colin Gregory), 416889

    No full text
    This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/410608Surname: PHELPS. Given Name(s) or Initials: C G (COLIN GREGORY). Military Service Number or Last Known Location: 416889. Missing, Wounded and Prisoner of War Enquiry Card Index Number: 52817.226322 Item: [2016.0049.42875] "Phelps, C G (Colin Gregory), 416889

    Petition from E. A. Phelps and others to Alden Partridge, 22 June 1827

    No full text
    Letter and petition signed by 134 cadets at the American Literary, Scientific, and Military Academy in Middletown, Connecticut, pledging financial support for Mr. Palmer (possibly referring to James N. Palmer). Edward A. Phelps was first of "many subscribers" to sign.Transcription by L. Gregory Curtis, NU'77, MSIA'07. Transcriptions may be subject to error

    A Handwritten Account of Three Pages About the Visit of Rev. Philip and Margaret Phelps to Holland, Michigan, as the Phelps Family Made a Western Tour.

    No full text
    A handwritten account of three pages about the visit of Rev. Philip and Margaret Phelps to Holland, Michigan, as the Phelps family made a western tour. The document may have been written by Frances Phelps Otte. The document is undated. There is considerable detail in the account as to the various kinds of transportation used and the places stayed during the trip. At this time, Phelps was pastor of the Reformed Church, Hastings on- Hudson, New York. The author believed that the Board of Education of the Reformed Church in America may have suggested visiting the Colony. When the Phelps called on the Van Raaltes, Mrs. Van Raalte was holding daughter, Anna, who was very sick. Van Raalte was not home. The Phelps were entertained at supper by the John Van Vlecks. Van Vleck was conducting academy classes in some home. Phelps preached September 28 in the Dutch Church. On Monday, the Phelps took the stage to Grand Haven.https://digitalcommons.hope.edu/vrp_1850s/1346/thumbnail.jp

    Tuberculosis in a captive colony of pinnipeds

    No full text
    Tuberculosis was diagnosed in 10 of 16 otariid seals upon post mortem examination. The species involved were New Zealand fur seals (Arctocephalus forsteri), Australian sea lions (Neophoca cinerea) and an Australian fur seal (Arctocephalus pusillus doriferus). Five seals died, four as a direct result of mycobacterial infection. One seal died of unrelated disease. The remaining 10 animals were subsequently tuberculin tested and then killed and necropsied. Tuberculous lesions were seen in five. Gross pathological changes were most commonly seen in the respiratory system. However, a generalized infection, a case with lesions confined to the liver and draining lymph nodes, and a case with tuberculous meningitis also were seen. Histological lesions were characterized by spindle cell proliferation and necrosis without mineralization or giant cell formation. The mycobacteria isolated was identified as belonging to the Mycobacterium tuberculosis complex but it appeared to be unique. Intradermal tuberculin testing showed promise as a diagnostic aid; however, the results were not statistically significant. Circumstances suggest that the initial infection was present when the seals were captured from the wild

    Edmund Phelps’ Structuralist Theory of Employment

    No full text
    The paper evaluates the contribution of Nobel Prize-winning American economist Edmund Phelps to the development of contemporary economics. The author analyzes Phelps’ structuralist theory of employment and compares his views with the ideas of other acclaimed economists such as Milton Friedman, John M. Keynes, and Friedrich A. Hayek. Godłów-Legiędź looks at Phelps’ achievements in the context of the Swedish Royal Academy of Sciences’ decision to grant him a Nobel Prize, and describes Phelps’ position on some key dilemmas of 20th century economics. According to Godłów-Legiędź, the assessment of Phelps’ achievements offered by the Royal Swedish Academy of Sciences is in fact incomplete, because it overlooks his structuralist theory of employment. Phelps, who calls himself a structuralist, considers this theory of employment to be his most important contribution to macroeconomics, Godłów-Legiędź notes. Phelps’ achievements cannot be viewed exclusively in terms of the link between inflation and unemployment, she says. It is necessary to consider the economist’s focus on what he described as “endogenizing the natural rate of unemployment,” an approach that reveals the differences between Phelps’ theory and those of Keynes and his followers as well as the monetarists and neoclassicists. Defining the natural rate of unemployment as a function of real demand and supply, Phelps referred to the 1930s dispute between Keynes and Hayek that involved the classicist and Austrian interpretations of key economic relationships. Phelps’ unorthodox approach is reflected not only by his theory and attitude to neoclassical economics, Godłów-Legiędź says, but also by his assessment of European and American capitalism and his belief about the need for fundamental changes in economic and social policies

    Future Fiscal and Budgetary Shocks

    No full text
    We study here the effects of future tax and budgetary shocks on present levels of economic activity and real interest rates in a nonmonetary and possibly non-Ricardian economy. The paper first takes up an (unanticipated) temporary tax cut to be effective on a given future date—a delayed “debt bomb.” The sudden prospect of this future-dated shock causes at once a drop in the (unit) value placed on the firms’ business asset, the customer, and accordingly on the price of shares—with the result that the hourly wage, hours worked and GDP drop in tandem. This paradox of reduced activity through announcement of future “stimulus” does not hinge on an upward jump of long rates of interest, which may or may not occur: the short rate of return on shares is increased by the initial drop in their price, but the price has so much farther to fall that this is more than offset for a time by the expectation of ongoing capital loss, so short rates of interest actually drop. The paper next studies a future tax cut lacking a “sunset” provision and requiring instead a gradual welfare benefit adjustment to retain solvency. The same negative effects on present activity result. Third, the paper shows that if the tax cut is effective immediately, its effect is ambiguous, as the Marshallian supply-sider effect works the other way. Finally, the paper also examines the new anticipation of a future increase in the number of retirees in a pay-as-you-go social security program. In conclusion, juxtaposing these results against recent US experience, we hypothesize that the legislation of an unsustainable fiscal gap—the cuts in tax rates and the rise of future obligations owing to the cumulative deficit and the approaching bulge in retirement benefits—is an important cause of the decline in hours worked per employee and in the participation rates over the period.Future shocks, business assets, employment

    The Bishop-Phelps-Bollobás property for numerical radius in l(1)(C)

    No full text
    We show that the set of bounded linear operators from X to X admits a Bishop Phelps Bollobas type theorem for numerical radius whenever X is l(1)(C) or c(0)(C). As an essential tool we provide two constructive versions of the classical Bishop-Phelps-Bollobas theorem for l(1)(C).The research of the first named author was supported in part by MICINN and FEDER (project MTM2011-25377), by Fundacion Seneca (project 08848/PI/08), by Generalitat Valenciana (GV/2010/036), and by Universidad Politecnica de Valencia (project PAID-06-09-2829). The research of the second named author is supported by Kent State UniversityGuirao Sánchez, AJ.; Kozhushkina, O. (2013). The Bishop-Phelps-Bollobás property for numerical radius in l(1)(C). Studia Mathematica. 218(1):41-54. https://doi.org/10.4064/sm218-1-3S4154218

    Gamma-flatness and Bishop-Phelps-Bollobas type theorems for operators

    No full text
    [EN] The Bishop-Phelps-Bollobas property deals with simultaneous approximation of an operator T and a vector x at which T nearly attains its norm by an operator T-o and a vector x(o), respectively, such that T-o attains its norm at x(o). In this note we extend the already known results about the Bishop-Phelps Bollobas property for Asplund operators to a wider class of Banach spaces and to a wider class of operators. Instead of proving a BPB-type theorem for each space separately we isolate two main notions: Gamma-flat operators and Banach spaces with ACK(rho) structure. In particular, we prove a general BPB-type theorem for Gamma-flat operators acting to a space with ACK(rho) structure and show that uniform algebras and spaces with the property beta have ACK(rho) structure. We also study the stability of the ACK(rho) structure under some natural Banach space theory operations. As a consequence, we discover many new examples of spaces Y such that the Bishop-Phelps-Bollobas property for Asplund operators is valid for all pairs of the form (X, Y).The research of the first, second and third authors was partially supported by MINECO grant MTM2014-57838-C2-1-P and Fundacion Seneca, Region de Murcia grant 19368/PI/14. The research of the third author is done in frames of Ukrainian Ministry of Science and Education Research Program 0115U000481. The research of the fourth author has been partially performed during her stay in University of Murcia in frames of Erasmus+ program. We thank the referee for his/her suggestions that helped to improve the original manuscript.Cascales Salinas, B.; Guirao Sánchez, AJ.; Kadets, V.; Soloviova, M. (2018). Gamma-flatness and Bishop-Phelps-Bollobas type theorems for operators. Journal of Functional Analysis. 274(3):863-888. https://doi.org/10.1016/j.jfa.2017.10.020S863888274

    What measure of inflation should a central bank target?

    No full text
    This paper assumes that a central bank commits itself to maintaining an inflation target and then asks what measure of the inflation rate the central bank should use if it wants to maximize economic stability. The paper first formalizes this problem and examines its microeconomic foundations. It then shows how the weight of a sector in the stability price index depends on the sector's characteristics, including size, cyclical sensitivity, sluggishness of price adjustment, and magnitude of sectoral shocks. When a numerical illustration of the problem is calibrated to U.S. data, one tentative conclusion is that the central bank should use a price index that gives substantial weight to the level of nominal wages. JEL Classification: E42, E52, E58inflation targeting, monetary policy
    corecore