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Now showing items 70-89 of 159
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(University of Oregon, Dept. of Economics, 2004-03)Long-term care currently comprises almost 10% of national health expenditures and is projected to rise rapidly over coming decades. A key, and relatively poorly understood, element of long-term care is home health care. I ...
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(University of Oregon, Dept. of Economics, 2004-02)Prior empirical evidence finds that merit-aid programs such as the Georgia Hope Scholarship yield large and significant enrollment effects, whereas need-based aid programs such as the Pell Grant yield modest and often ...
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(University of Oregon, Dept. of Economics, 2002-08-01)Recently the two dominant models of foreign direct investment (FDI), the horizontal and vertical models, have been synthesized into the knowledge capital (KK) model. Empirical tests, however, have found that the horizontal ...
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(University of Oregon, Dept of Economics, 2006-04)This paper examines the interactions among immigrants, inbound FDI, and imports in the U.S. In testing the patterns of international movements of factors of production, most existing analyses have omitted the role of ...
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(University of Oregon, Dept of Economics, 2010-11-02)Do transitory income shocks affect infant health? I find evidence that birth weights fell following a temporary income reduction caused by an unexpected, month-long blackout in Zanzibar. Relying on 350 household surveys ...
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(University of Oregon, Dept of Economics, 2006-06-03)We consider optimal monetary policy in New Keynesian models with inertia. First order conditions, which we call the MJB-alternative, are found to improve upon the timeless perspective. The MJB-alternative is shown to be ...
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(University of Oregon, Dept. of Economics, 2002-07-25)We extend common factor analysis to a multi-dimensional setting by considering a bivariate reduced form consistent with many Real Business Cycle type models. We show how to obtain new representations of sunspots and find ...
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(University of Oregon, Dept. of Economics, 2002-07-20)Willingness to pay for climate change mitigation depends on people's perceptions about just how bad things will get if nothing is done. Individual subjective distributions for future climate conditions are combined with ...
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(University of Oregon, Dept of Economics, 2003-03)We explore worldwide foreign direct investment location decisions by Japanese manufacturing firms from 1985 through 1991. Our conditional logit estimates provide evidence that firms’ location decisions are affected by ...
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(University of Oregon, Dept. of Economics, 2003-01-01)We introduce monitored bank loans and non-monitored tradeable securities as sources of external finance for firms in a dynamic general equilibrium model. Due to frictions arising from moral hazard, access to credit and ...
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(University of Oregon, Dept of Economics, 2005-09-22)In this paper we propose a method to associate a coalitional interval game with each strategic game. The method is based on the lower and upper values of finite two-person zero-sum games. We axiomatically characterize this ...
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(University of Oregon, Dept of Economics, 2005-01-11)This is the text of an interview with Thomas J. Sargent. The interview will be published in Macroeconomic Dynamics.
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(University of Oregon, Dept. of Economics, 2003-05-16)We introduce the concept of a Misspecification Equilibrium to dynamic macroeconomics. Agents choose between a list of misspecified econometric models and base their selection on relative forecast performance. A Misspecification ...
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(University of Oregon, Dept of Economics, 2008-01-31)This paper demonstrates that an asset pricing model with least-squares learning can lead to bubbles and crashes as endogenous responses to the fundamentals driving asset prices. When agents are risk-averse they generate ...
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(University of Oregon, Dept of Economics, 2008-07-11)Expectations play a central role in modern macroeconomic theories. The econometric learning approach models economic agents as forming expectations by estimating and updating forecasting models in real time. The learning ...
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(University of Oregon, Dept of Economics, 2004-10-01)The Forward Premium Puzzle is one of the most prominent empirical anomalies in international finance. The forward premium predicts exchange rate depreciation but typically with the opposite sign and smaller magnitude than ...
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(University of Oregon, Dept of Economics, 2007-06-05)We examine global economic dynamics under learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. Under normal monetary and fiscal policy, the intended steady state is locally ...
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(University of Oregon, Dept of Economics, 2003-04-10)As of 1987, the Anti-Drug Abuse Act (ADAA) has imposed mandatory minimum sentences for drug traffickers based on the quantity of the drug involved regardless of its purity. Using the STRIDE dataset on drug arrests and a ...
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(University of Oregon, Dept of Economics, 2006-09-22)Poverty reduction has become a fundamental objective of development, and therefore a metric for assessing the effectiveness of various interventions. Economic growth can be a powerful instrument of income poverty reduction. ...
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(University of Oregon, Dept. of Economics, 2000-02-01)We construct a market based mechanism that induces players in a non-cooperative game to make the same choices as characterize cooperation. We then argue that this mechanism is applicable to a wide range of economic questions ...
Now showing items 70-89 of 159