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Category Archives: Economy

The Systematic Component of Monetary Policy in SVARs

Arias, Jonas and Caldara, Dario and Rubio-Ramirez, Juan Francisco, The Systematic Component of Monetary Policy in SVARs: An Agnostic Identification Procedure (March 13, 2015). FRB International Finance Discussion Paper No. 1131. Available for download at SSRN: http://ssrn.com/abstract=2598244 “Following Leeper, Sims, and Zha (1996), we identify monetary policy shocks in SVARs by restricting the systematic component of monetary policy. In particular, we impose sign and zero restrictions only on the monetary policy equation. Since we do not restrict the response of output to a monetary policy shock, we are agnostic in Uhlig’s (2005) sense. But, in contrast to Uhlig (2005), our results support the conventional view that a monetary policy shock leads to a decline in output. Hence, our results show that the contractionary effects of monetary policy shocks do not hinge on questionable exclusion restrictions.”

Food security in the twenty-first century

Ian Goldin: “There are currently about 7 billion people on Earth and by the middle of this century the number will most likely be between 9 and 10 billion. A greater proportion of these people will in real terms be wealthier than they are today and will demand a varied diet requiring greater resources inContinue Reading

Antibacterial Drug Shortages From 2001 to 2013

Antibacterial Drug Shortages From 2001 to 2013: Implications for Clinical Practice. Clin Infect Dis. (2015) doi: 10.1093/cid/civ201 First published online: April 22, 2015 “Background. Previous studies have described drug shortages; however, there has been no comprehensive evaluation focusing on US antibacterial shortages. Methods. Drug shortage data from the University of Utah Drug Information Service database were analyzed,Continue Reading

Ten simple choices for a healthier planet

Ten Simple Things You Can Do to Help Protect the Earth “Reduce, reuse, and recycle. Cut down on what you throw away. Follow the three “R’s” to conserve natural resources and landfill space. Volunteer. Volunteer for cleanups in your community. You can get involved in protecting your watershed, too. Educate. When you further your ownContinue Reading

NYC libraries are engine of the city running out of fuel

“The city’s libraries — the fusty old buildings, and a few spiffier modern ones, planted in all five boroughs — had 37 million visitors in the last fiscal year, said Angela Montefinise, a spokeswoman for the New York Public Library, which runs branches and research centers in Manhattan and the Bronx and on Staten Island.Continue Reading

Global Financial Stability Report, April 2015

Global Financial Stability Report, April 2015 : Navigating Monetary Policy Challenges and Managing Risks, International Monetary Fund. “The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lowerContinue Reading

CRS – Cuba: Issues for the 114th Congress

Cuba: Issues for the 114th Congress. Mark P. Sullivan Specialist in Latin American Affairs, April 17, 2015. “Cuba remains a one-party communist state with a poor record on human rights. The country’s political succession in 2006 from the long-ruling Fidel Castro to his brother Raúl was characterized by a remarkable degree of stability. In 2013,Continue Reading

USGS – Oil and gas operations could trigger large earthquakes

“Significant strides in science have been made to better understand potential ground shaking from induced earthquakes, which are earthquakes triggered by man-made practices. Earthquake activity has sharply increased since 2009 in the central and eastern United States. The increase has been linked to industrial operations that dispose of wastewater by injecting it into deep wells.Continue Reading

Sacramento Tops Large Counties in Employment Growth Rate

“Among the 50 largest counties with the most employees, Sacramento, Calif., had the highest rate of employment growth among all sectors between 2012 and 2013 (up 5.5 percent to 428,475), according to new U.S. Census Bureau statistics released today. Sacramento was followed by two Texas counties: Travis (up 4.9 percent to 514,749) and Harris (upContinue Reading

New GAO Reports – Airport Funding

Airport Funding: Changes in Aviation Activity Are Reflected in Reduced Capacity Concerns, GAO-15-498T: Published: Apr 23, 2015. Publicly Released: Apr 23, 2015: “U.S. airports are key contributors to the national and regional economies, providing mobility for people and goods, both domestically and internationally. Since 2007 when GAO last reported on airport funding, airports of allContinue Reading

A Report Card on Child Homelessness

America’s Youngest Outcasts – A Report Card on Child Homelessness, American Institute of Research, November 2014: “America’s Youngest Outcasts reports on child homelessness in the United States based on the most recent federal data that comprehensively counts homeless children, using more than 30 variables from over a dozen established data sets. A staggering 2.5 millionContinue Reading

A Look at the End-of-Life Financial Situation in America

A Look at the End-of-Life Financial Situation in America, April 2015, Vol. 36, No. 4 Employee Benefit Research Institute, 2015 “This report takes a comprehensive look at the financial situation of older Americans at the end of their lives. In particular, it documents the percentage of households with a member who recently died with fewContinue Reading