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Now showing items 21-27 of 27
Economic Structure, Policy Objectives, and Optimal Interest Rate Policy at Low Inflation Rates
(Vanderbilt University, 2003)
In this article, the optimal interest rate rule generated by Svennson's (1997) dynamic model is used to determine the impact that a number of key structural characteristics have on the downward flexibility of interest rates ...
The Normative Approach to the Measurement of Multidimensional Inequality
(Vanderbilt University, 2003)
This article provides an introduction to the normative approach to multidimensional inequality measurement. Multivariate generalizations of the procedures used to construct univariate inequality indices from social evaluation ...
On the Political Economy of Immigrationa and Income Redistribution
(Vanderbilt University, 2003)
In this paper, we study several general equilibrium models in which the agents in an economy must decide on the appropriate level of immigration into the country. Immigration does not enter directly into the native agents' ...
Historical Perspectives on Racial Differences in Schooling in the United States
(Vanderbilt University, 2003)
African-Americans entered the post-Civil War era with extremely low levels of exposure to schooling. Relying primarily on micro-level census data, we describe racial differences in literacy rates, school attendance, years ...
Multidimensional Generalized Gini Indices
(Vanderbilt University, 2003)
The axioms used to characterize the generalized Gini social evaluation orderings for one-dimensional distributions are extended to the multidimensional attributes case. A social evaluation ordering is shown to have a ...
Measuring the Economic Impact of Monetary Union:The Case of Okinawa
(Vanderbilt University, 2003)
Data from Okinawa's monetary union with the United States in 1958 and with Japan in 1972 are used to obtain a quantitative indication of how monetary union might affect the behavior of nominal and real shocks across two ...
Shared Consumption: A Technological Analysis
(Vanderbilt University, 2003)
James Buchanan (Economica, 1966) has argued that Alfred Marshall's theory of jointly-supplied goods can be extended to analyze the allocation of impure public goods. This article introduces a way of modelling sharing ...