Review of Economics and Statistics

最新文章

• CENTRAL BANK SECRECY AND MONEY SURPRISES - INTERNATIONAL EVIDENCE AI翻译
  作者：HUTCHISON, M; JUDD, JP
  作者单位：Federal Reserve System - USA
  摘要：The information value of central bank announcements of projected future money growth is shown to depend both on the accuracy of the announcements and the extent to which the announcements themselves are anticipated by the public. We construct a new data set on internal Federal Reserve money projections. These projections, which are kept secret while they are in force, are comparable in many important respects to publicly announced Bank of Japan money projections. Using a derivative of the law ...
• DISPLACEMENT INDUCED JOBLESSNESS AI翻译
  作者：RUHM, CJ
• HEDONIC PRICES FOR A NONDURABLE GOOD - THE CASE OF BREAKFAST CEREALS AI翻译
  作者：STANLEY, LR; TSCHIRHART, J
  作者单位：University of Wyoming
• COSTLY ADJUSTMENT UNDER RATIONAL-EXPECTATIONS - A GENERALIZATION AI翻译
  作者：PESARAN, MH
  作者单位：University of Cambridge
• AN EMPIRICAL-ANALYSIS OF EX ANTE PROFITS FROM FORWARD SPECULATION IN FOREIGN-EXCHANGE MARKETS AI翻译
  作者：CANOVA, F
  作者单位：University of Rochester
• ESTIMATION OF STATE-DEPENDENT UTILITY-FUNCTIONS USING SURVEY DATA AI翻译
  作者：EVANS, WN; VISCUSI, WK
  作者单位：Duke University
• COMBINING FARRELL FRONTIER AND HEDONIC TRAVEL COST MODELS FOR VALUING ESTUARINE QUALITY AI翻译
  作者：SMITH, VK; PALMQUIST, RB; JAKUS, P
  作者单位：University of Tennessee System; University of Tennessee Knoxville
  摘要：This paper extends the Brown-Mendelsohn hedonic travel cost (HTC) model by estimating the travel cost function for each recreationist as a technically efficient frontier. It also constrains the marginal prices for desirable characteristics to be non-negative. The model is used to value improvements in the quality of sport fishing in the Albemarle-Pamlico Estuary in North Carolina. The application compares the performance of the frontier HTC with ordinary least squares estimates and finds the f...
• GEOGRAPHICAL INTEGRATION AND THE RETAIL CD-PRICING DECISIONS OF LARGE DEPOSITORY INSTITUTIONS AI翻译
  作者：COOPERMAN, ES; LEE, WB; LESAGE, JP
  作者单位：University System of Georgia; University of Georgia; University System of Ohio; University of Toledo
• EXTERNAL ADJUSTMENTS AND EXCHANGE-RATE FLEXIBILITY - SOME EVIDENCE FROM UNITED-STATES DATA AI翻译
  作者：KIM, Y
• PROPERTY-RIGHTS VERSUS PUBLIC SPIRIT - OWNERSHIP AND EFFICIENCY OF UNITED-STATES ELECTRIC UTILITIES PRIOR TO RATE-OF-RETURN REGULATION AI翻译
  作者：HAUSMAN, WJ; NEUFELD, JL
  作者单位：University of North Carolina; University of North Carolina Greensboro
  摘要：For over a century American economists have been engaged in a vigorous theoretical and empirical debate over the economic performance of publicly-owned versus privately-owned electric utilities. We review the historical debate and use micro data collected by the U.S. Commissioner of Labor in 1897/98 to construct efficiency measures based on a non-parametric frontier production function. Since this is prior to state rate-of-return regulation, regulatory effects do not confound the analysis. We ...