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Econ 753 Syllabus
Economics 753: Applied Econometrics – Fall 2017 Monday/Wednesday 9:05–10:30 am & Lab Monday 10:30-11:30 Gordon Hall 303-304 Michael Ash, [email protected] 306 Crotty, Office hours: Tue 10-11:30; Wed 10:30-12 Robert Pollin, [email protected] 313 Gordon, 577-0819, Office Hours: Tue 2-4 or by appt. http://courses.umass.edu/econ753 http://courses.umass.edu/econ753/econ753.pdf COURSE SYLLABUS “There is no royal road to science, and only those who do not dread the fatiguing climb of its steep paths have a chance of gaining its luminous summits.”—Karl Marx The purpose of this course is to help you become comfortable and creative as empirical economic researchers. We will therefore introduce a series of econometric techniques and models by observing life in the trenches, i.e., working through how practitioners have approached econometric problems and built models as a vehicle for addressing substantive questions. We also put stress on communicating econometric results and descriptive statistics in ways that are illuminating, persuasive, and rigorous. But we will also ask the question: what does it mean to be rigorous with econometrics and with statistics in general? Indeed, early in the course, we will even address so basic a methodological question as that raised by John Maynard Keynes himself in the infancy of econometrics—whether the entire enterprise was worth pursuing. Finally, in the course of your studying and then doing real-world econometrics, we aim to get you to become comfortable, and perhaps even proficient, in least one major statistical software package and with manipulating data sets. -
Afterword: Art and Politics on the Borderland
Afterword: Art and Politics on the Borderland The writing of this book was prompted by the endeavour to view the entire Baltic Sea region as an integral whole, discarding the beliefs rooted in previ- ous historiography and highlighting visual sources and the cultural landscape. While at the outset of this study, the author was still visited by doubts about the potential of research based on visual sources when applied to political history, a feeling of certainty became prevalent when the analysis of Danish churches was followed by that of churches in Sweden, as patterns started to recur, and a revision of the Gotland material after defending my doctoral thesis only added to my optimism. In my dissertation, I had concentrated only on the island’s churches and drawn outward parallels proceeding from that, but in the present work the entire Baltic Sea region was to be addressed with equal deliberation – on the one hand, this demanded deep concentration on the analysed objects, and on the other hand the general supra-regional developments had to be kept in mind. This approach is time-consuming and can even be frustrating as it requires a steady focus on the buildings of each specific region, reconstruction of cultural landscapes of the period, as well as delving into the state of existing research written in several different languages. However, there comes a point when the sources open up for supra-regional interpretation. When addressing a single region, the risk of over-interpretation is consid- erable, as the arsenal of methods an art historian can use for the research of Romanesque churches is limited. -
Deep Crises and Reform: What Have We Learned? / Michael Bruno
DI RECTIONS I N DEVELOPM ENT Deep Crises Public Disclosure Authorized and Reformn What Have We Learned? MICHAEL BRUNO Public Disclosure Authorized N i1j'' i- W 0 1 Public Disclosure Authorized Public Disclosure Authorized DIRECTIONS IN DEVELOPMENT Deep Crises and Reform What Have We Learned? Michael Bruno The World Bank Washington, D.C. © 1996 The International Bank for Reconstruction and Development/ THE WORLD BANK 1818 H Street, N.W. Washington, D.C. 20433 All rights reserved Manufactured in the United States of America First printing September 1996 The findings, interpretations, and conclusions expressed in this study are entirely those of the author and should not be attributed in any manner to the World Bank, to its affil- iated organizations, or to members of its Board of Executive Directors or the countries they represent. Michael Bruno is senior vice president and chief economist, Development Economics. This booklet draws heavily on work done jointly with William Easterly. For useful dis- cussions and comments on an earlier draft the author is grateful to Masood Ahmed, Mark Baird, Mario Blejer, William Easterly, Carol Graham, Christine Jones, Yair Mundlak, Dani Rodrik, Deborah Wetzel, and Holger Wolf. The author is also indebted to Paulo Vieira da Cunha, who commented extensively on an earlier draft and helped with the editing of the final draft. Giuseppe larossi provided valuable research assis- tance. The booklet was edited by Paul Holtz and Bruce Ross-Larson and laid out by Christian Perez, all with American Writing Corporation. A slightly different version of the paper on which this booklet is based will be published in Daniel Cohen, ed., Trade, Payments, and Debt, Macmillan, forthcoming. -
Vol. 24 No.2 Fall2015
TheThe NewsletterNewsletter ofof the the SocietySociety for for Seventeenth-Century Seventeenth-Century Music Music Vol.Vol. 23,24, No. 2, 2, Spring Fall 2015 2014 Miami 2016: How Sweet It Is! by david dolata ur 23rd annual meeting will take tice; CSI: Miami; Glades; and (back in the place April 14–17, 2016 in Miami, day) Miami Vice. Coconut Grove is an Othe centerpiece of a vast four- easy shuttle or cab ride from Miami Inter- county metropolitan area bounded by the national Airport (MIA), and the weather in Palm Beaches to the north and extending April is usually stupendous with low hu- all the way to Key West to the south, with midity and abundant sunshine. Our confer- Ft. Lauderdale, Coral Gables, and the ence hotel is the Mutiny, a boutique hotel Florida Keys in between. Hosted by the whose rooms are really studio apartments, Florida International University College of many with ocean views. A lovely outdoor Architecture + The Arts and School of Mu- area includes a tropical pool, waterfalls, sic in partnership with the Miami Bach So- and the occasional parrot. Because hotel ciety, the conference will offer stimulating rooms are in such high demand in Miami, intellectual and musical experiences in an SSCM members must reserve their rooms unparalleled setting. Florida International by February 29 to receive the discounted University (FIU), located in west Miami rate of $179 per night; the non-conference with satellite campuses throughout the re- rate per night is $300+! The Mutiny is a gion, is the nation’s fourth largest univer- five-minute walk from the conference site, and, outside, a lagoon with seventeenth- sity. -
Nber Working Paper Series the Idea of Antipoverty
NBER WORKING PAPER SERIES THE IDEA OF ANTIPOVERTY POLICY Martin Ravallion Working Paper 19210 http://www.nber.org/papers/w19210 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 July 2013 For comments the author thanks Robert Allen, Tony Atkinson, Pranab Bardhan, Francois Bourguignon, Denis Cogneau, Sam Fleischacker, Pedro Gete, Karla Hoff, Ravi Kanbur, Charles Kenny, Sylvie Lambert, Peter Lindert, Will Martin, Alice Mesnard, Branko Milanovic, Johan Mistiaen, Thomas Pogge, Gilles Postel-Vinay, John Rust, Agnar Sandmo, Amartya Sen, Dominique van de Walle and participants at presentations at the World Bank, the Midwest International Economic Development Conference at the University of Wisconsin Madison, the Paris School of Economics, the Canadian Economics Association and the 12th Nordic Conference on Development Economics. The paper’s title owes a debt to Gertrude Himmelfarb’s (1984), The Idea of Poverty: England in the Early Industrial Age. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Martin Ravallion. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The Idea of Antipoverty Policy Martin Ravallion NBER Working Paper No. 19210 July 2013 JEL No. B1,B2,I38 ABSTRACT How did we come to think that eliminating poverty is a legitimate goal for public policy? What types of policies have emerged in the hope of attaining that goal? The last 200 years have witnessed a dramatic change in thinking about poverty. -
Toomas Hendrik Ilves
Dec.9 - Dec.11, 2011 Vienna – Austria Toomas Hendrik Ilves President of the Republic of Estonia President of the Republic of Estonia Toomas Hendrik Ilves was born on the 26th of December, 1953, in the Swedish capital Stockholm, and has spent much of his life living and working in a total of five different countries. The Estonian values prevalent in his childhood home, the education gained at one of the US ’s best universities, the jobs connected with Estonia’s present and future over the last quarter of the century – this is what has shaped Toomas Hendrik Ilves as a person and president of a small European country in the 21 st century. Born on December 26, 1953 in Stockholm, Kingdom of Sweden Married to Evelin Ilves Children: son Luukas Kristjan (1987), daughters Juulia (1992) and Kadri Keiu (2003) Education 1978 Pennsylvania University (USA), MA in psychology 1976 Columbia University (USA), BA in psychology Career and public service 2006- President of the Republic of Estonia 2004-2006 Member of the European Parliament 2002-2004 Member of the Parliament of the Republic of Estonia 1999-2002 Minister of Foreign Affairs, Republic of Estonia 1998 Chairman, North Atlantic Institute 1996-1998 Minister of Foreign Affairs, Republic of Estonia 1993-1996 Ambassador of the Republic of Estonia to the United States of America, Canada, and Mexico 1988-1993 Head of the Estonian desk, Radio Free Europe in Munich, Germany 1984-1988 Analyst and researcher for the research unit of Radio Free Europe in Munich, Germany 1983-1984 Lecturer in Estonian Literature and Linguistics, Simon Fraser University, Department of Interdisciplinary Studies, Vancouver, Canada 1981-1983 Director and Administrator of Art, Vancouver Arts Center, Canada 1979-1981 Assistant Director and English teacher, Open Education Center, Englewood, New Jersey, USA 1974-1979 Research Assistant, Columbia University department of Psychology, USA Publications Compilation of speeches and writings from 1986-2006: "Eesti jõudmine. -
Press Release Seminar “Terra Mariana 1186-1888”On Tuesday
Press Release Seminar “Terra Mariana 1186-1888”on Tuesday March 10 from 3pm in the Vatican Apostolic Library The album “Terra Mariana 1186-1888” reflects the history of the Christian faith in the territories of Latvia and Estonia - formerly known as "Livonia", and also known as the "Land of Mary" (Terra Mariana). The album was originally made in one single copy and then presented by noblemen of Baltic Polish heritage as a gift to Pope Leo XIII in 1888. In terms of the particular idea, the content, and the quality of its execution, it has no equal in the Baltic. The album contains a wealth of visual and textual material on Livonian castles, castle ruins, churches, coats of arms of the noble families, seals, information and illustrations of important historical figures, and prints of ancient silver and gold coins. The original copy is kept in the Vatican Apostolic Library. In 2007, the National Library of Latvia and the Vatican Apostolic Library signed an agreement on a joint publication of the album “Terra Mariana 1186-1888” in ten identical full-size copies and 1000 smaller copies. In 2008-2009, the ten facsimile copies were printed at Franco Cosimo Panini Editore publishing house in Italy, which is experienced with the production of facsimile editions. In 2011, the facsimile reproductions were delivered to Riga, while the work for the preparation and publishing of 1000 copies and academic annotations was completed in March 2014. From 1 January 2015, Latvia has started the Presidency of the Council of the European Union for the first time.Therefore during Latvia`s Presidency of the Council of Europe, Embassy of Latvia to the Holy See in cooperation with Vatican Apostolic Library will organize a seminar “Terra Mariana 1186-1888” on March 10th at 15.00 in the Vatican Apostolic Library. -
A History Untold by Valdis V
“Tearing Apart the Bear” and British Military Involvement in the Construction of Modern Latvia: A History Untold by Valdis V. Rundāns BASc, Waterloo, 1975 BA, Victoria, 2008 A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of MASTER of ARTS in the Department of History © Valdis V. Rundāns, 2014 University of Victoria All rights reserved. This thesis may not be reproduced in whole or in part, by photocopy or other means, without the permission of the author. ii Supervisory Committee “Tearing Apart the Bear” and British Military Involvement in the Construction of Modern Latvia: A History Untold by Valdis V. Rundāns BASc, Waterloo, 1975 BA, Victoria, 2008 Supervisory Committee Dr. Serhy Yekelchyk (Department of History) Supervisor Dr. Perry Biddiscombe, (Department of History) Departmental Member iii Abstract Supervisory Committee Dr Serhy Yekelchyk (Department of History) Supervisor Dr. Perry Biddiscombe (Department of History) Departmental Member Despite significant evidence to the contrary in the Latvian language, especially the memoirs of General Pēteris Radzinš, Latvians, historians included, and others, have persisted in mythologizing the military events of 8 October to 11 November 1919 in Riga as some sort of national miracle. Since this Latvian army victory, first celebrated as Lāčplēsis Day on 11 November1920, accounts of this battle have been unrepresented, poorly represented or misrepresented. For example, the 2007 historical film Rīgas Sargi (The Defenders of Riga) uses the 1888 poem Lāčplēsis by Andrējs Pumpurs as a template to portray the Latvians successfully defeating the German-Russian force on their own without Allied military aid. Pumpurs’ dream and revolutionary legacy has provided a well used script for Latvian nation building. -
An Interview with Thomas J. Sargent
Macroeconomic Dynamics, 9, 2005, 561–583. Printed in the United States of America. DOI: 10.1017.S1365100505050042 MD INTERVIEW AN INTERVIEW WITH THOMAS J. SARGENT Interviewed by George W. Evans Department of Economics, University of Oregon and Seppo Honkapohja Faculty of Economics, University of Cambridge January 11, 2005 Keywords: Rational Expectations, Cross-Equation Restrictions, Learning, Model Misspecification, Adaptation, Robustness The rational expectations hypothesis swept through macroeconomics during the 1970s and permanently altered the landscape. It remains the prevailing paradigm in macroeconomics, and rational expectations is routinely used as the stan- dard solution concept in both theoretical and applied macroeconomic mod- elling. The rational expectations hypothesis was initially formulated by John F. Muth Jr. in the early 1960s. Together with Robert Lucas Jr., Thomas (Tom) Sargent pioneered the rational expectations revolution in macroeconomics in the 1970s. Possibly Sargent’s most important work in the early 1970s focused on the implications of rational expectations for empirical and econometric research. His short 1971 paper “A Note on the Accelerationist Controversy” provided a dra- matic illustration of the implications of rational expectations by demonstrating that the standard econometric test of the natural rate hypothesis was invalid. This work was followed in short order by key papers that showed how to conduct valid tests of central macroeconomic relationships under the rational expecta- tions hypothesis. Imposing rational expectations led to new forms of restric- tions, called “cross-equation restrictions,” which in turn required the development of new econometric techniques for the study of macroeconomic relations and models. Correspondence to: Professor George W. Evans, Department of Economics, 1285 University of Oregon, Eugene, OR 97403-1285, USA; e-mail: [email protected]. -
NBER WORKING PAPER SERIES a TWO-YEAR REVIEW Michael
NBER WORKING PAPER SERIES ISRAEL'S STABILIZATION: A TWO-YEAR REVIEW Michael Bruno Sylvia Piterman Working Paper No. 2398 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 October 1987 Paper presented for the Conference on Inflation Stabilization: The Experience of Israel, Argentina, Brazil, Bolivia and Mexico, June 1987. We wish to express our gratitude to members of the Bank of Israel's Research Department for many useful discussions on the topics with which this paper is concerned, and particularly to Mordechai Fraenkel, Shmuel Amir, Rafi Melnik, Akiva Offenbacher and Zalman Shiffer, for many helpful comments on an earlier draft. We are also grateful to Meir Merhav for translating and editing this paper and to Yossi Margoninski for research assistance. The research reported here is part of the NBER's research program in International Studies. Any opinions expressed are those of the authors and not those of the National Bureau of Economic Research. NBER Working Paper #2398 October 1987 Israel's Stabilization: A Two-Year Review ABSTRACT The comprehensive stabilization program that Israel launched in July 1985 has brought about a dramatic reduction in inflation at no visible unemployment cost while improving the external financial position of the country. The program's success lies in a drastic cut in the government deficit but was also due to the appropriate initial synchronization of the most important nominal variables. In spite of the continued success of the stabilization program over the last two years, many problems remain. Excessive wage demands and a private consumption boom, in part the result of relative stability, have so far prevented the reduction of inflation to OECD rates. -
CONTEMPORARY ECONOMIC ISSUES Volume 4: Economic Behaviour and Design
CONTEMPORARY ECONOMIC ISSUES Volume 4: Economic Behaviour and Design This is lEA conference volume no. 124 CONTEMPORARY ECONOMIC ISSUES Congress Editor: Michael Bruno Volume 1 REGIONAL EXPERIENCE AND SYSTEM REFORM Justin Yifu Lin (editor) Volume 2 LABOUR, FOOD AND POVERTY Yair Mundlak (editor) Volume 3 TRADE, PAYMENTS AND DEBT Daniel Cohen (editor) Volume 4 ECONOMIC BEHAVIOUR AND DESIGN Murat R. Sertel (editor) Volume 5 MACROECONOMICS AND FINANCE Holger C. Wolf (editor) International Economic Association Series Standing Order ISBN 978-0-333-71242-9 (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd Houndmills, Basingstoke, Hampshire R021 6XS, England Contemporary Economic Issues Proceedings of the Eleventh World Congress of the International Economic Association, Tunis Congress Editor: Michael Bruno Volume 4 ECONOMIC BEHAVIOUR AND DESIGN Edited by Murat R. Sertel ~ in association with ~ Palgrave Macmillan First published in Great Britain 1999 by MACNULLANPRESSLTD Houndmills, Basingstoke, Hampshire RG21 6XS and London Companies and representatives throughout the world A catalogue record for this book is available from the British Library. ISBN 978-1-349-14542-3 ISBN 978-1-349-14540-9 (eBook) DOI 10.1007/978-1-349-14540-9 First published in the United States of America 1999 by ST. MARTIN'S PRESS, INC., Scholarly and Reference Division, 175 Fifth Avenue, New York, N.Y. -
Salonen and Katajala-Peltomaa.Indb
In the Name of Saints Peter and Paul Popes, Conversion, and Sainthood in Western Christianity Sari Katajala-Peltomaa, Kirsi Salonen, and Kurt Villads Jensen The Middle Ages formed the basis for modern Europe in many diffferent respects. One of the most important – if not the most important – factor behind the formation of Europe was the Catholic Church: The Church functioned as a model for civil administration and jurisdiction for many emerging nation states, which adopted the principles of the papal admin- istration and jurisdiction. On a political level, the medieval Church played an important role, when the secular leaders, especially in the north and east, conquered new territories in the name of Saints Peter and Paul, us- ing Christianization as their justifijication. Church and faith, like patron saints, relics, church buildings, and devotional practices in their turn had an important efffect on communal coherence and local identities. On a personal and everyday level the Church afffected the great majority of the European population: the rites of passage from one stage to another in a person’s lifecycle, like baptism, marriage, and preparations for death were regulated by ecclesiastical norms. Through all these, the Church regulated the yearly rhythm of life and the Christian faith shaped the beliefs and worldviews of individuals, who prayed to saints for help and support, appealed to the papacy in their diffferent kinds of problems, made pilgrimages far away or to the neighbouring parish, and donated property to the Church in their last wills. Since the Catholic Church was involved in practically every aspect of medieval life, it is impossible to make a comprehensive evaluation of its role and signifijicance for Christians, societies, and cultures.