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Pages
- Title
- WITHER ANNEXATION: THE CASE FOR DEERFIELD BEACH, FLORIDA.
- Creator
- PAPANDREAS, CHRISTINE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
This research was done under an internship program for Deerfield Beach, Florida. Costs of providing municipal services to land outside the city were projected as were revenues expected to accrue to the city. Projections were made both for the current level of development, and for that time when the land was developed at its ultimate holding capacity. Projections for the near future clearly showed that revenues would exceed costs for land which is currently developed. Costs would exceed...
Show moreThis research was done under an internship program for Deerfield Beach, Florida. Costs of providing municipal services to land outside the city were projected as were revenues expected to accrue to the city. Projections were made both for the current level of development, and for that time when the land was developed at its ultimate holding capacity. Projections for the near future clearly showed that revenues would exceed costs for land which is currently developed. Costs would exceed revenues if services were extended to undeveloped lands. Projections based on the ultimate holding capacity were less certain. For most of the land area, property tax revenues would yield revenues equal to about half of expected expenditures. Uncertainties prevented estimation of total revenues for the long run. The focus of this thesis was on direct, tangible costs and revenues. Intangible aspects were stated, but not evaluated.
Show less - Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13514
- Subject Headings
- Economics, Finance
- Format
- Document (PDF)
- Title
- Welfare effects of the 1986 Lumber Agreement between the United States and Canada.
- Creator
- Moore, Alexandra E., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
The problem of restrictions on trade is the basis of this paper. More specifically, the implications of the U.S.-Canadian Lumber Agreement are outlined in the Introduction. Chapter II offers a history of modern international trade theory as well as current trade theories. The next chapter further dissects a particular theory; the effects of trade-restriction reduction. In Chapter IV a model of the Canadian export tariff as proposed in the 1986 Agreement is explained as are empirical results...
Show moreThe problem of restrictions on trade is the basis of this paper. More specifically, the implications of the U.S.-Canadian Lumber Agreement are outlined in the Introduction. Chapter II offers a history of modern international trade theory as well as current trade theories. The next chapter further dissects a particular theory; the effects of trade-restriction reduction. In Chapter IV a model of the Canadian export tariff as proposed in the 1986 Agreement is explained as are empirical results and their effects on the U.S. economy.
Show less - Date Issued
- 1990
- PURL
- http://purl.flvc.org/fcla/dt/14580
- Subject Headings
- Lumber trade--United States, Lumber trade--Canada
- Format
- Document (PDF)
- Title
- THE USE OF CERTAINTY EQUIVALENCE FOR LOCATION AND ECONOMIC GROWTH DECISIONS.
- Creator
- WONSETLER, ELIZABETH ANN., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
- Abstract/Description
-
This study was prepared to analyze the use of the first-period certainty equivalence procedure in location decisions. Certainty equivalence is a mathematical technique which explicitly incorporates probablistic uncertainty in the decision making process. The feasible location of an international jetport which would service the South Florida region is used to illustrate this decision making technique.
- Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13473
- Subject Headings
- Decision-making--Mathematical models, Uncertainty (Information theory)
- Format
- Document (PDF)
- Title
- A TWO-SECTOR GROWTH MODEL OF THE UNITED STATES ECONOMY.
- Creator
- POSLUSNY, CHESTER, JR., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This work includes a survey of the literature of growth theory with emphasis on the two-sector Neoclassical model. A two-sector model of the U. S. economy with disembodied Harrod neutral technological change is estimated and simulated. Stability and the role of price mechanism is pointed out. The results of the estimation do not seem to support the significance of the disaggregation of the data into the two sectors. A clear advantage of the model, however, lies in the efficient disequilibrium...
Show moreThis work includes a survey of the literature of growth theory with emphasis on the two-sector Neoclassical model. A two-sector model of the U. S. economy with disembodied Harrod neutral technological change is estimated and simulated. Stability and the role of price mechanism is pointed out. The results of the estimation do not seem to support the significance of the disaggregation of the data into the two sectors. A clear advantage of the model, however, lies in the efficient disequilibrium adjustment mechanism.
Show less - Date Issued
- 1974
- PURL
- http://purl.flvc.org/fcla/dt/13653
- Subject Headings
- Economics, General
- Format
- Document (PDF)
- Title
- TIME SERIES ANALYSIS OF INFLATION AND UNEMPLOYMENT 1948 - 1981.
- Creator
- MORIARTY, PATRICK JAMES., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of time series modeling techniques applied to the relationship between the rate of inflation and unemployment. The data used in this study are quarterly for the United States from 1948 - 1981. The study begins by reviewing the major theories of inflation and unemployment. Univariate stochastic time series methods are introduced and applied to the above-mentioned relationship. Multivariate stochastic time series methods are then fit to a series of related variables to...
Show moreThis thesis is a study of time series modeling techniques applied to the relationship between the rate of inflation and unemployment. The data used in this study are quarterly for the United States from 1948 - 1981. The study begins by reviewing the major theories of inflation and unemployment. Univariate stochastic time series methods are introduced and applied to the above-mentioned relationship. Multivariate stochastic time series methods are then fit to a series of related variables to investigate the validity of the lag structures employed on the relationship between inflation and unemployment.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14114
- Subject Headings
- Unemployment--United States--Effect of inflation on, Time-series analysis
- Format
- Document (PDF)
- Title
- TIME SERIES ANALYSIS OF INCOME AND CONSUMPTION.
- Creator
- THEALL, GEORGE ALBERT., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis uses time series analysis to construct models of income and consumption in the United States between 1947 and 1983. The data are quarterly observations on three measures of income and two of consumption. The study begins with a survey of univariate and multivariate model building techniques. With the life cycle - permanent income hypothesis as a foundation, theoretical models of income and consumption are discussed. These models are then fit to the data and examined. Tests for...
Show moreThis thesis uses time series analysis to construct models of income and consumption in the United States between 1947 and 1983. The data are quarterly observations on three measures of income and two of consumption. The study begins with a survey of univariate and multivariate model building techniques. With the life cycle - permanent income hypothesis as a foundation, theoretical models of income and consumption are discussed. These models are then fit to the data and examined. Tests for causality are also covered in order to determine the manner in which the two processes are related in a multivariate model.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14184
- Subject Headings
- Income--United States, Consumption (Economics)--United States, Time-series analysis
- Format
- Document (PDF)
- Title
- A THEORETICAL AND EMPIRICAL ASSESSMENT OF ALTERNATIVE MONETARY CONTROL PROCEDURES IN THE UNITED STATES.
- Creator
- WHITE, MARILYN., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis theoretically and empirically analyzes the effectiveness of alternative monetary control procedures in the United States in recent years. The overall strategy of monetary policy is described and the implications of the federal funds rate and non-borrowed reserves targeting procedures for interest rate volatility and money demand stability are discussed. Tests of linear restrictions using dummy variable specifications as well as ex post forecasts suggest that there has been a...
Show moreThis thesis theoretically and empirically analyzes the effectiveness of alternative monetary control procedures in the United States in recent years. The overall strategy of monetary policy is described and the implications of the federal funds rate and non-borrowed reserves targeting procedures for interest rate volatility and money demand stability are discussed. Tests of linear restrictions using dummy variable specifications as well as ex post forecasts suggest that there has been a change in the interest elasticity as well as the intercept of the money demand function in 1979. The empirical specifications examined in this study use a partial-adjustment model and employ appropriate econometric techniques to obtain consistent and efficient coefficient estimates. Finally a reduced-form model of the money market is used to compare out-of-sample forecasts from alternative operating procedures.
Show less - Date Issued
- 1985
- PURL
- http://purl.flvc.org/fcla/dt/14238
- Subject Headings
- Monetary policy, Money--United States
- Format
- Document (PDF)
- Title
- A THEORETICAL AND EMPIRICAL ANALYSIS OF THE DETERMINANTS OF EURO-DOLLAR GROWTH.
- Creator
- KUTAN, ALI MUSTAFA., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis theoretically and empirically analyzes the determinants of Eurodollar expansion observed in recent years. The Euro-dollar market is first described in terms of its origin, development, geographical distribution and institutional structure and regulation. The size, sources and uses of the market are also illustrated. Alternative views and theories explaining Euro-dollar growth are discussed in detail. A single stock adjustment model is first used to obtain the determinants of Euro...
Show moreThis thesis theoretically and empirically analyzes the determinants of Eurodollar expansion observed in recent years. The Euro-dollar market is first described in terms of its origin, development, geographical distribution and institutional structure and regulation. The size, sources and uses of the market are also illustrated. Alternative views and theories explaining Euro-dollar growth are discussed in detail. A single stock adjustment model is first used to obtain the determinants of Euro-dollar interest rates. Reduced form equations are utilized to determine the factors for the equilibrium quantity of Euro-dollar deposits and equilibrium Euro-dollar interest rate. Finally, the proportion of Euro-dollar growth attributed to a multiplier expansion process as opposed to primary deposits is empirically estimated for the time period 1973 - 1981. Almon and Koyck lag structures are utilized to calculate the multiplier process associated with Eurodollar expansion during this period.
Show less - Date Issued
- 1985
- PURL
- http://purl.flvc.org/fcla/dt/14273
- Subject Headings
- Euro-dollar market--Analysis
- Format
- Document (PDF)
- Title
- The Effects of Individual-level Knowledge on Firm Performance: An Evolutionary Perspective.
- Creator
- Collard, Lotta, Boudreaux, Christopher, Florida Atlantic University, Department of Economics, College of Business
- Abstract/Description
-
Human knowledge is acknowledged as critically important to economic growth and prosperity. Economists focus on the past few decades’ emergence of a knowledge-based economy greatly dependent on individual-level knowledge. Knowledge is a key resource of many organizations, and the need for an educated workforce is believed to facilitate the creation, share, and use of firm-level knowledge going forward. An economy where knowledge is the main asset is very different from traditional production...
Show moreHuman knowledge is acknowledged as critically important to economic growth and prosperity. Economists focus on the past few decades’ emergence of a knowledge-based economy greatly dependent on individual-level knowledge. Knowledge is a key resource of many organizations, and the need for an educated workforce is believed to facilitate the creation, share, and use of firm-level knowledge going forward. An economy where knowledge is the main asset is very different from traditional production systems that depend on tangible assets. These tangible assets often rely upon scarce resources such as minerals, thereby forcing price fluctuations and potential disruptions in inventory and sales. Logistics and supply chain issues can dwindle as we have experienced during the recent pandemic. However, when knowledge is the firm’s main asset, the firm’s intangible asset will not decrease as sales increase. Knowledge also does not spoil or dwindle over time. Instead, knowledge will grow and evolve, and as the philosopher Aristotle once stated, “the whole is greater than the sum of its parts”. The fact that knowledge as the main asset does not decrease as a result of production makes the knowledge economy an interesting phenomenon to study and to understand.
Show less - Date Issued
- 2022
- PURL
- http://purl.flvc.org/fau/fd/FA00013984
- Subject Headings
- Knowledge economy, Knowledge, Evolutionary economics
- Format
- Document (PDF)
- Title
- THE EFFECT OF WAR ON U.S. ECONOMIC GROWTH: COMPARING THE KOREAN WAR, VIETNAM WAR AND WARS IN MIDDLE EAST.
- Creator
- Lee, Chaewoong, Yuhn, Ky-Hyang, Florida Atlantic University, Department of Economics, College of Business
- Abstract/Description
-
Analyzing the effect of military expenditure on economic growth has been an essential task for U.S economists. This thesis analyzed macroeconomic components for the last 70 years by estimating the ordinary least squares (OLS) regression model and vector autoregressive model. To interpret the empirical analysis, historical analysis of the Korean War, the Vietnam War, and the Wars in the Middle East, was made. One found the negative effect of military spending during wartime on the economic...
Show moreAnalyzing the effect of military expenditure on economic growth has been an essential task for U.S economists. This thesis analyzed macroeconomic components for the last 70 years by estimating the ordinary least squares (OLS) regression model and vector autoregressive model. To interpret the empirical analysis, historical analysis of the Korean War, the Vietnam War, and the Wars in the Middle East, was made. One found the negative effect of military spending during wartime on the economic growth of the United States. This thesis suggests that the policymakers and military commanders should focus on shortening the state of war to minimize economic damage to the United States.
Show less - Date Issued
- 2020
- PURL
- http://purl.flvc.org/fau/fd/FA00013506
- Subject Headings
- Economic development--United States, Korean War, 1950-1953, Vietnam War, 1961-1975, War--Middle East, Military spending, Macroeconomics
- Format
- Document (PDF)
- Title
- A TEST OF MONETARY RULE VERSUS DISCRETION IN WEST GERMANY--1957 TO 1973.
- Creator
- RALSTON, DAVID ALLEN., Florida Atlantic University, Rodman, Milton, College of Business, Department of Economics
- Abstract/Description
-
Using the Modigliani approach, the effects of a fixed rule growth rate and a semi-rule growth rate are compared to the growth rate under the discretionary policy of the West German monetary authorities. This type of analysis has previously been completed for the United States economy which is considered a relatively closed economy. In contrast, the West German economy is open, that is, it is very dependent upon trade for survival. Therefore, the impact of this difference is the major point to...
Show moreUsing the Modigliani approach, the effects of a fixed rule growth rate and a semi-rule growth rate are compared to the growth rate under the discretionary policy of the West German monetary authorities. This type of analysis has previously been completed for the United States economy which is considered a relatively closed economy. In contrast, the West German economy is open, that is, it is very dependent upon trade for survival. Therefore, the impact of this difference is the major point to be examined.
Show less - Date Issued
- 1974
- PURL
- http://purl.flvc.org/fcla/dt/13654
- Subject Headings
- Economics, Finance
- Format
- Document (PDF)
- Title
- THE TEACHING OF THE ECONOMIC PRINCIPLES COURSE: A BEHAVIORAL APPROACH.
- Creator
- BEER, MAX P., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
The desire to render college curricula and college teaching more effective has resulted in ever increasing debates about content and method of instruction of the Economic Principles Course. The purpose of this thesis is to examine the behavioral approach to the subject matter of a one quarter macro-principles course. In addition to the question of method the problematical aspects of content and purpose are also examined. The question of what to teach and to whom to teach it has not been...
Show moreThe desire to render college curricula and college teaching more effective has resulted in ever increasing debates about content and method of instruction of the Economic Principles Course. The purpose of this thesis is to examine the behavioral approach to the subject matter of a one quarter macro-principles course. In addition to the question of method the problematical aspects of content and purpose are also examined. The question of what to teach and to whom to teach it has not been resolved and an attempt is made in this thesis to provide a rationale for the development of a substantive content which would provide the student with means to make relatable interpretive use of the knowledge gained.
Show less - Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13524
- Subject Headings
- Economics--Study and teaching
- Format
- Document (PDF)
- Title
- SYSTEMS OF DIFFERENCE EQUATIONS IN ECONOMIC THEORY.
- Creator
- WONNACOTT, LARRY RUSSELL., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This study demonstrates the importance of dynamic economic analysis, the role played by difference equations in such analysis and the properties of systems of difference equations. This is accomplished by proving the significance of dynamics in general and difference equations in particular using the Cobweb model and the "correspondence principle". The properties of systems of linear, first order difference equations are discussed in detail and it is shown that a system of any order can be...
Show moreThis study demonstrates the importance of dynamic economic analysis, the role played by difference equations in such analysis and the properties of systems of difference equations. This is accomplished by proving the significance of dynamics in general and difference equations in particular using the Cobweb model and the "correspondence principle". The properties of systems of linear, first order difference equations are discussed in detail and it is shown that a system of any order can be reduced to first order so that the discussion is completely general. The properties included in this analysis ore the traverse, impact, delayed, cumulative and long run multipliers, and stability of a linear system. A simple Keynesian model of income determination is estimated and simulated by the computer to facilitate observation of these properties.
Show less - Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13521
- Subject Headings
- Economics, Mathematical
- Format
- Document (PDF)
- Title
- A STUDY OF INFLATION IN THE GREEK ECONOMY DURING 1958-1980.
- Creator
- PRINOS, XENOPHON ATHAN., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis empirically analyzes the problem of inflation in the Greek economy. The study is based upon annual data for the period 1958 to 1980. The econometric analysis is primarily based upon the Scandinavian model of inflation for a small open economy. This model explains inflation by structural differences in productivity between sectors and a transmission mechanism which links world inflation to domestic inflation. This study also examines an extended Phillips curve model which considers...
Show moreThis thesis empirically analyzes the problem of inflation in the Greek economy. The study is based upon annual data for the period 1958 to 1980. The econometric analysis is primarily based upon the Scandinavian model of inflation for a small open economy. This model explains inflation by structural differences in productivity between sectors and a transmission mechanism which links world inflation to domestic inflation. This study also examines an extended Phillips curve model which considers both excess demand variables and structural factors. The results indicate that the above models provide fairly good explanations of the inflationary process in Greece.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14170
- Subject Headings
- Inflation (Finance)--Greece, Greece--Economic conditions--1918-
- Format
- Document (PDF)
- Title
- A STUDY OF BLACK-WHITE MALE INCOME DIFFERENTIALS - 1950, 1960, 1970.
- Creator
- BOLES, KEITH EDWIN., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
- Abstract/Description
-
Alternative models to explain the variability in income differentials. between Black males and White males over thirty-two Standard Metropolitan Statistical Areas (SMSAs) were estimated by ordinary least squares using cross-sectional data for each of three points in time - 1950, 1960, and 1970. Two models were tested for each time period . The Becker-type model used a Black-White male median income ratio as a dependent variable with age, education, three occupational mix variables, and...
Show moreAlternative models to explain the variability in income differentials. between Black males and White males over thirty-two Standard Metropolitan Statistical Areas (SMSAs) were estimated by ordinary least squares using cross-sectional data for each of three points in time - 1950, 1960, and 1970. Two models were tested for each time period . The Becker-type model used a Black-White male median income ratio as a dependent variable with age, education, three occupational mix variables, and current population as the independent variables. The second model used the same variables with the exception that current population was replaced by population lagged ten years. All variables were in Black-White ratio form. The results are of interest to the student of the economics of discrimination, since the methodology can be applied to the examination and comparison between any two categories of people.
Show less - Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13562
- Subject Headings
- Income distribution--United States--Statistics, Income distribution--United States--Mathematical models, African Americans--Economic conditions
- Format
- Document (PDF)
- Title
- STOCHASTIC MODELS OF ECONOMIC INDICATORS.
- Creator
- MONTALI, VINCENT LOUIS, JR., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of time series modeling methods applied to six economic indicators. The weaknesses of the turning point analysis used by the National Bureau of Economic Research and deterministic models which fail to explain the random component of a series' movement are discussed. Univariate stochastic time series methods are introduced and applied to the economic indicators. The resulting models fit the data much more closely and their residuals are white noise. Bivariate time series...
Show moreThis thesis is a study of time series modeling methods applied to six economic indicators. The weaknesses of the turning point analysis used by the National Bureau of Economic Research and deterministic models which fail to explain the random component of a series' movement are discussed. Univariate stochastic time series methods are introduced and applied to the economic indicators. The resulting models fit the data much more closely and their residuals are white noise. Bivariate time series models are estimated for pairs of economic indicators from similar economic processes to investigate the validity of the lag structures commonly employed on the basis of turning point analysis.
Show less - Date Issued
- 1978
- PURL
- http://purl.flvc.org/fcla/dt/13927
- Subject Headings
- Stochastic analysis, Stochastic integral equations
- Format
- Document (PDF)
- Title
- STABILIZATION POLICIES IN AN OPEN ECONOMY UNDER ALTERNATIVE EXCHANGE RATE AND WAGE RATE CONDITIONS.
- Creator
- HORN, KLAUS-PETER., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis examines how the various instruments of monetary and fiscal policy work in the presence of fixed and flexible exchange rates. Based on the pioneering work of Mundell and Fleming, the traditional view assigns fiscal policy as being highly suitable for a fixed exchange rate regime, while stimulative monetary policy is effective in raising output under floating exchange rates. Once the implicit assumptions of constant prices and wages are relaxed, the conclusions of the original...
Show moreThis thesis examines how the various instruments of monetary and fiscal policy work in the presence of fixed and flexible exchange rates. Based on the pioneering work of Mundell and Fleming, the traditional view assigns fiscal policy as being highly suitable for a fixed exchange rate regime, while stimulative monetary policy is effective in raising output under floating exchange rates. Once the implicit assumptions of constant prices and wages are relaxed, the conclusions of the original model no longer hold. With the introduction of wage indexation as a mean to adjust nominal wages to changes in the price level, the initial results of policies of the Mundell-Fleming type are reversed. Finally, it was examined how the practical implications of policy actions of the United States and West Germany could be applied to the theoretical models.
Show less - Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14386
- Subject Headings
- Monetary policy, Fiscal policy
- Format
- Document (PDF)
- Title
- THE STABILITY OF THE DEMAND FOR MONEY IN THE UNITED STATES: AN ANALYSIS OF SOME ECONOMETRIC ISSUES.
- Creator
- GRISWOLD, JEFFREY LEIGH., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent...
Show moreThis thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent variable along with an autocorrelated error term results in inconsistent and inefficient coefficient estimates. The Hatanaka technique is utilized to yield consistent and asymptotically efficient estimates of money demand. Finally, an equation is also estimated to examine the role of the entire term structures of interest rates in a money demand function.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14135
- Subject Headings
- Demand for money--United States
- Format
- Document (PDF)
- Title
- SPREAD-TRADING OPPORTUNITIES IN THE FUTURES MARKET: AN EXPOST ANALYSIS.
- Creator
- NORTHRUP, ALLEN ARTHUR., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis focuses on the futures market for GNMA pass-through certificates and Treasury bills. The main topic covered was the speculative strategy of spread-trading. The period from January 1976 through December 1977 was analyzed to ascertain whether spread-trade opportunities did exist. The results of the analysis did support the proposition that prof i table spread-trade opportunities were possible during the time studied. Contrary to conventional wisom, the profitability of spread...
Show moreThis thesis focuses on the futures market for GNMA pass-through certificates and Treasury bills. The main topic covered was the speculative strategy of spread-trading. The period from January 1976 through December 1977 was analyzed to ascertain whether spread-trade opportunities did exist. The results of the analysis did support the proposition that prof i table spread-trade opportunities were possible during the time studied. Contrary to conventional wisom, the profitability of spread-trading was found to be heavily dependent on the correct assessment by the speculator of the direction of movement of interest rates.
Show less - Date Issued
- 1978
- PURL
- http://purl.flvc.org/fcla/dt/13938
- Subject Headings
- Market surveys
- Format
- Document (PDF)
- Title
- SPECTRAL ANALYSIS OF THE INTERNATIONAL TRANSMISSION OF PRICE FLUCTUATIONS.
- Creator
- FERRO, ALEJANDRO., Florida Atlantic University, McPheters, Lee R., College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the transmission of price fluctuations between international trading partners. Once the theoretical basis for the transmittal of fluctuations was established, cross-spectral analysis was employed in an empirical evaluation of price fluctuations between the United States and Germany, the United Kingdom, France and Japan. It was concluded that the price fluctuations in any given country have a relationship to those of their trading partners and that policy makers should...
Show moreThis thesis examines the transmission of price fluctuations between international trading partners. Once the theoretical basis for the transmittal of fluctuations was established, cross-spectral analysis was employed in an empirical evaluation of price fluctuations between the United States and Germany, the United Kingdom, France and Japan. It was concluded that the price fluctuations in any given country have a relationship to those of their trading partners and that policy makers should take this fact into consideration when instituting anti-inflationary measures.
Show less - Date Issued
- 1974
- PURL
- http://purl.flvc.org/fcla/dt/13648
- Subject Headings
- Accounting and price fluctuations, Commerce
- Format
- Document (PDF)