Now showing items 1-20 of 290

    • Abstinence from Child Labor and Profit Seeking 

      Davies, Ronald B. (University of Oregon, Dept of Economics, 2000-07-01)
      Some firms voluntarily abstain from using child labor, presumably in response to concerns about the welfare of overseas child workers. These firms do not, however, support banning the imports of competitors’ products ...
    • Adaptive Expectations, Underparameterization and the Lucas Critique 

      Evans, George W., 1949-; Ramey, Garey (University of Oregon, Dept. of Economics, 2001-11-29)
      A striking implication of the replacement of adaptive expectations by Rational Expectations was the "Lucas Critique," which showed that expectation parameters, and endogenous variable dynamics, depend on policy parameters. ...
    • Adaptive Learning and Monetary Policy Design 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-11-08)
      We review the recent work on interest rate setting, which emphasizes the desirability of designing policy to ensure stability under private agent learning. Appropriately designed expectations based rules can yield optimal ...
    • Adaptive Learning with a Unit Root: An Application to the Current Account 

      Davies, Ronald B.; Shea, Paul, 1977- (University of Oregon, Dept of Economics, 2006-07-31)
      This paper develops a simple two-country, two-good model of international trade and borrowing that suppresses all previous sources of current account dynamics. Under rational expectations, international debt follows a ...
    • Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy 

      Branch, William A.; Evans, George W., 1949-; Carlson, John; McGough, Bruce (University of Oregon, Dept of Economics, 2006-06-22)
      This paper develops an adaptive learning formulation of an extension to the Ball, Mankiw and Reis (2005) sticky information model that incorporates endogenous inattention. We show that, following an exogenous increase in ...
    • Anticipated Fiscal Policy and Adaptive Learning 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951-; Mitra, Kaushik (University of Oregon, Dept of Economics, 2007-02-18)
      We consider the impact of anticipated policy changes when agents form expectations using adaptive learning rather than rational expectations. To model this we assume that agents combine limited structural knowledge with ...
    • Appendices to Superfund Taint and Neighborhood Change: Ethnicity, Age Distributions, and Household Structure 

      Cameron, Trudy Ann; Crawford, Graham D. (University of Oregon, Dept. of Economics, 2003-12)
      Certain sociodemographic groups often seem to be relatively more concentrated near environmental hazards than in the surrounding community. It is well-known that snapshot cross-sectional statistical analyses cannot reveal ...
    • Are Stationary Hyperinflation Paths Learnable? 

      Adam, Klaus; Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept of Economics, 2003-03-17)
      Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under adaptive learning. We reconsider this issue and analyze the full set of solutions for the linearized ...
    • Asset Return Dynamics and Learning 

      Branch, William A.; Evans, George W., 1949- (University of Oregon, Dept of Economics, 2006-11-13)
      This paper advocates a theory of expectation formation that incorporates many of the central motivations of behavioral finance theory while retaining much of the discipline of the rational expectations approach. We provide ...
    • Bank-based versus Market-based Financial Systems: A Growth-theoretic Analysis 

      Chakraborty, Shankha; Ray, Tridip (University of Oregon, Dept. of Economics, 2003-02-01)
      We study bank-based and market-based financial systems in an endogenous growth model. Lending to firms is fraught with moral hazard as owner-managers may reduce investment profitability to enjoy private benefits. Bank ...
    • Bargaining by Children 

      Liday, Steven G.; Harbaugh, William; Krause, Kate (University of Oregon, Dept. of Economics, 2002-07-20)
      We study the development of bargaining behavior in children age seven through 18, using ultimatum and dictator games. We find that bargaining behavior changes substantially with age and that most of this change appears to ...
    • Base independence in the analysis of tax policy effects: with an application to Norway 1992–2004 

      Lambert, Peter J.; Thoresen, Thor Olav (University of Oregon, Dept of Economics, 2005-10-27)
      The analysis contrasts results of two recently expounded micro-level data approaches to derive robust intertemporal characterizations of redistributional effects of income tax schedules; the fixed-income procedure of Kasten, ...
    • Battling Infection, Fighting Stagnation 

      Chakraborty, Shankha; Papageorgiou, Chris (University of Oregon, Dept of Economics, 2010-09)
      Why are some countries mired in poverty and ill health? Can policy facilitate their transition to sustained growth and better living standards? We offer answers using a dynamic model of disease and development. Endogenous ...
    • Can Perpetual Learning Explain the Forward Premium Puzzle? 

      Chakraborty, Avik, 1975-; Evans, George W., 1949- (University of Oregon, Dept of Economics, 2006-08-28)
      Under rational expectations and risk neutrality the linear projection of exchange rate change on the forward premium has a unit coefficient. However, empirical estimates of this coefficient are significantly less than ...
    • Capital Controls: An Evaluation 

      Magud, Nicolas; Reinhart, Carmen M. (University of Oregon, Dept of Economics, 2005-06-02)
      The literature on capital controls has (at least) four very serious apples-to-oranges problems: (i) There is no unified theoretical framework to analyze the macroeconomic consequences of controls; (ii) there is significant ...
    • Capital Controls: Myth and Reality, A Portfolio Balance Approach to Capital Controls 

      Magud, Nicolas; Reinhart, Carmen M.; Rogoff, Kenneth S. (University of Oregon, Dept of Economics, 2005-11)
      The literature on capital controls has (at least) four very serious apples-to-oranges problems: (i) There is no unified theoretical framework to analyze the macroeconomic consequences of controls; (ii) there is significant ...
    • The Carrot or the Stick: Rewards, Punishments, and Cooperation 

      Andreoni, James; Harbaugh, William; Vesterlund, Lise (University of Oregon, Dept. of Economics, 2002-08-20)
      We examine rewards and punishments in a simple proposer-responder game. The proposer first makes an offer to split a fixed-sized pie. According to the 2×2 design, the responder is or is not given a costly option of increasing ...
    • Central Oregon Business Index : 2014 : December 

      Duy, Timothy A. (Oregon Economic Forum. University of Oregon, 2014-11-30)
    • Central Oregon Business Index : 2014 : May 

      Duy, Timothy A. (Oregon Economic Forum. University of Oregon, 2014-05-25)
    • Central Oregon Business Index : 2016 : May 

      Duy, Timothy A. (Oregon Economic Forum. University of Oregon, 2016-05-13)