5,276 research outputs found
Monetary Policy Uncertainty: Is There a Difference Between Bank of England and the Bundesbank/ECB?
No full textIt is widely believed that institutional arrangements influence the quality of monetary policy outcomes. Judged on its ‘transparency’ characteristics, therefore the Bank of England should do better than both the Bundesbank and ECB. However, studies based on market evidence show that on average, agents anticipate policy moves by both banks equally well. Since benefits from transparency should also show in a narrowing of the diversity in cross sectional forecasts, this paper extends the existing literature in an attempt to reconcile the contradictory evidence on ‘transparency’ of both banks. We show that the diversity in interest rate forecasts is greater under the Bundesbank/ECB than the Bank of England. Other factors than ‘transparency’ do not seem to affect interest rate uncertainty in Germany. Increasing difficulty in forecasting inflation appears to explain in part UK interest rate forecast dispersion.transparency, yield curve, forecasting uncertainty, Bank of England, Bundesbank, ECB
The Money Supply in Macroeconomics
No full textThe notion that the quantity of money in an economy might be endogenously determined has a long history. Even so, it has never been part of mainstream economic thinking which has remained dominated by the view that the policymaker somehow controls the stock of money and that interest rates are market-determined. However, the need to design and operate a monetary policy that works for modern economies as they are currently constructed, has led to the emergence of the so-called ‘new consensus macroeconomics’ in which it is recognised that the policymaker sets a short-term interest rate and the quantities of money and credit are demand-determined. This paper looks at the way in which this ‘new consensus’ is (at last) forcing a recognition, in the teaching of money, that the money supply is endogenously determined. It also shows how we can take this further by adding a banking sector to a model of the real economy in which the money supply is endogenously determined. The paper ends by showing how some of the issues currently emerging in the new consensus are very closely related to earlier debates amongst post Keynesian economists.Money supply; macroeconomics
Jesus Remembered in 1 Peter? Early Jesus Traditions, Isaiah 53, and 1 Pet 2.21-25
No full textThis is the accepted version of the chapter. Please cite the published version which is available via http://www.bloomsbury.com/us/james-1-2-peter-and-early-jesus-traditions-9780567420534.First presented as a paper at SBL, this chapter argues that 1 Pet 2.21-25 reflects knowledge of various traditions concerning Jesus' trial, suffering, and death, though the lack of specific verbal overlaps does not indicate literary dependence on the Synoptic Passion Narratives. Through the extensive use of Isa 53, the author in effect "scripturalizes" the Passion narrative in ways that would, of course, prove highly influential and significant
Peter Berg interviews prose and poetry writer Kathleen McGookey
No full textAuthor Kathleen McGookey talks about developing her motivation to write during college and getting published for the first time. She also talks about the work required to assemble a number of pieces for publication, her relationship with editor Robert Alexander, balancing writing with being a parent, working on a children's book, the difference between simple prose and a prose poem, and the subtle influence of Michigan on her writing. She is interviewed by Michigan State University Librarian Peter Berg for the Michigan State University Libraries' Michigan Writers Series
Author Keith Widder reads from his book "Michigan Agricultural College : the evolution of a land-grant philosophy, 1855-1925" at the Michigan Writers Series
No full textAuthor and historian Keith Widder reads from his book "Michigan Agricultural College : the evolution of a land-grant philosophy, 1855-1925," and explains how he developed the idea of writing about the history of an agricultural college. Widder answers questions from the audience. The event is convened by Peter Berg, head of the Michigan State University Libraries' Special Collections. Part of the MSU Libraries' Michigan Writers Series. Held in the MSU Main Library
Professor and award winning author Ilana Blumberg reads from her memoir in the Michigan Wrtiers Series
No full textProfessor and award winning author Ilana Blumberg reads from her memoir, "House of study : a Jewish woman among books". She describes the book as detailing two educations, one in the Jewish religious and cultural studies, and another in modern secular America. Her readings tell of her memories of libraries and her time studying in Israel, a new opportunity for women at the time. Blumberg also talks about studying ancient Jewish texts and compares that with her education at Columbia University and her specialty in 19th century Victorian literature. A question and answer end the session follows. Blumberg is introduced by MSU Librarian Peter Berg for the Michigan State University Libraries' Michigan Writers Series
Zechariah 9-14 as the substructure of 1 Peter’s eschatological program
No full textThe principal aim of this study is to discern what has shaped the author of 1 Peter to regard Christian suffering as a necessary (1.6) and to-be-expected (4.12) component of faithful allegiance to Jesus Christ. Most research regarding suffering in 1 Peter has limited the scope of inquiry to two particular aspects—its cause and nature, and the strategies that the author of 1 Peter employs in order to enable his addressees to respond in faithfulness. There remains, however, the need for a comprehensive explanation for the source that has generated 1 Peter’s theology of Christian suffering. If Jesus truly is the Christ, God’s chosen redemptive agent who has come to restore God’s people, then how can it be that Christian suffering is a necessary part of discipleship after his coming, death and resurrection? What led the author of 1 Peter to such a startling conclusion, which seems to runs against the grain of the eschatological hopes and expectations of Jewish restoration ideology?
This thesis analyzes the appropriation of shepherd and fiery trials imagery,
and argues that the author of 1 Peter is dependent upon Zechariah 9-14 for his
theology of Christian suffering. Said in another way, the eschatological program of
Zechariah 9-14, read through the lens of the Gospel, functions as the substructure
for 1 Peter’s eschatology and thus its theology of Christian suffering.
In support of this hypothesis, this study highlights the fact that Zechariah 9-
14 was available and appropriated in early Christianity, in particular in the Passion
Narrative tradition; that the shepherd imagery of 1 Pet 2.25 is best understood
within the milieu of the Passion Narrative tradition, and that it alludes to the
eschatological program of Zechariah 9-14; that the fiery trials imagery found in 1
Peter 1.6-7 and 1 Pet 4.12 is distinct from that which we find in Greco-Roman and OT
wisdom sources, and that it shares exclusive parallels with some unique features of
the eschatological program of Zechariah 9-14; that Zechariah 9-14 offers a more
satisfying explanation for the modification of Isa 11.2 in 1 Pet 4.14, the transition
from 4.12-19 to 5.1-4, why Peter has oriented his letter with the term διασπορά,
and why he has described his addresses as οἶκος τοῦ θεοῦ; and finally that 1 Peter
contains an implicit foundational narrative that shares distinct parallels with the
eschatological program of Zechariah 9-14.
We can conclude that 1 Peter offers a unique vista into the way in which at
least one early Christian witness came to understand and to communicate the fact
that Christian suffering was a necessary feature of faithful allegiance to Jesus Christ
Michigan State University Professor Emeritus Donald A. Yates talks about Argentine writer Jorge Luis Borges and his relationship with MSU
No full textIn a lecture entitled "Borges and MSU", Michigan State University Professor Emeritus Donald A. Yates discusses his long personal and professional relationship with acclaimed Argentine writer Jorge Luis Borges. Yates describes Borges' childhood, reads from his work and tells of helping bring the author to MSU as an artist in residence in 1976. Yates says that knowing Borges "is probably the most important thing in my life". Yates is introduced by MSU Assistant Director of Libraries Peter Berg and MSU Professor Michael Koppisch
The Endogeneity of Money: Empirical Evidence
No full textFor many years, the endogenous nature of the money supply has been a cornerstone of post-Keynesian economics. In this paper we survey the empirical work which has been done on both the ‘core’ thesis – that loans create deposits – and on peripheral questions such as the origin of the demand for loans, the reconciliation of the demand for money with the loan-created supply and the accommodationist/structuralist debate. The originality of the paper lies in its demonstration that while post-Keynesians may have thought they were fighting in heroic isolation, most economists involved with the real world of monetary policy-making in practice took much the same view. The consequence is that we can find empirical investigations of issues relating to the endogeneity in a wide range of locations.Money; endogeneity;
Beyond Peter Rabbit : the private life of Beatrix Potter
No full textMichigan State University Humanities Librarian Agnes Haigh Widder delivers a talk entitled, "Beyond Peter Rabbit: The Private Life of Beatrix Potter." Showing examples of Potter's work, Widder discusses the personality and life of Potter and says that she was much more than the storied, brilliant and eccentric author. Widder explains that Potter was a naturalist, farmer, scientific illustrator, stockbreeder, and influential conservationist in England's Lake District, then comments on Potter's coded diary, her life, work, and legacy. She answers questions from the audience. Widder is introduced by John D. Shaw from the G. Robert Vincent Voice Library. Part of the Michigan State University Libraries' Colloquia Series. Held at the MSU Main Library
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