298 research outputs found

    Monetary policy strategy in a global environment

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    This paper discusses the structural implications of real and financial globalisation, with the aim of drawing lessons for the conduct of monetary policy and, in particular, for the assessment of risks to price stability. The first conclusion of the paper is that globalisation may have played only a limited role in reducing inflation and output volatility in developed economies. Central banks should remain focused on their mandate to preserve price stability. However, the globalisation of financial markets over the last 25 years has had major implications for the conduct of monetary policy. Four elements characterise the new financial landscape: the decline in the “home bias”; the increase in the size of international financial transactions relative to transactions in goods and services; the increase in the number of countries adopting inflation targeting and currency peg monetary regimes; and the transformation of financial market microstructure. The paper argues that in this new environment monetary policy should systematically incorporate financial analysis into its assessment of the risks to price stability. Monetary policy should “lean against the wind” of asset price bubbles that could burst at a high cost and hinder the maintenance of macroeconomic and financial stability. Further, in view of the interlinkages among financial markets worldwide, macro-financial surveillance at the international level needs to be strengthened and monetary policymakers need to cooperate and exchange information on a wider scale and at a deeper level with financial supervisors. Finally, the paper reviews the rationale for a central bank to act (in concert with other central banks) as the ultimate provider of liquidity to financial markets in situations of extreme instability and market malfunctioning. A sudden and sharp liquidity drought in the market should be tackled with appropriate measures that could even go beyond the extraordinary refinancing of monetary and financial institutions. In these circumstances, the central bank should clearly communicate that the aim of its liquidity provision measures is to support the proper functioning of financial markets, and that they do not indicate a change in the monetary policy stance (“separation principle”). JEL Classification: E44, E58, F33, F42.Globalisation, Monetary policy, Asset prices, Financial markets.

    Association of Christians in the Mathematical Sciences Proceedings 2019

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    The conference proceedings of the Association of Christians in the Mathematical Sciences biannual conference, May 29-June 1, 2019 at Indiana Wesleyan University

    There’s Nothing Standardized About Being Human : The Impact of Education Policy Reform on Experienced English Teachers in a Rural High School

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    Education reforms have transformed the teaching profession into a business model that uses standardized test scores as capital. Failure to deliver projected scores results in punishments for teachers and schools under increased accountability measures. In this climate, job satisfaction is low, and teachers across the nation are leaving their classrooms. However, one rural high school presents as an anomaly because there has been no turnover within the English department, where each staff member has been teaching a minimum of five years. The purpose of this study was to learn how experienced secondary English teachers are impacted by education policy reform, and to find out why they stay in the profession in the context of neoliberal education. Through dialogic interviews with five English teachers and data analysis using the constant comparative method, it was determined that educational reforms have had a negative effect on teachers, and that teachers remain in their positions because their administrator mediates reforms and shields them from oppressive dehumanization. Additional research is needed to explore the effective practices of a principal who can mediate policy to prevent the mass exodus of teachers

    Lawrence Today, Volume 65, Number 3, Summer 1985

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    https://lux.lawrence.edu/alumni_magazines/1100/thumbnail.jp

    The Daily Egyptian, December 06, 1988

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    Thrillology: Affective Intensities and the Everyday-Spectacular in American Literature and Culture

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    “Thrillology: Affective Intensities and the Everyday-Spectacular in American Literature and Culture” presents thrill as a powerful thematic component centered on immediate affective gratification informing character development and narrative. This perspective rethinks theme as always having an affective dimension that accompanies its conceptual articulations, with the former, in many cases, being the more important element. Thrilled psycho-emotional states emerge, in their own right, as legitimizations of individuality and cultural autonomy from the perspective of the passional subject. Engaging with a broad spectrum of literary and cultural sources spanning the last hundred years, this project investigates various ways in which the self-fulfilling affective intensity of thrill imparts a compelling spectacularization to everyday experience. Case studies featuring Naturalist novels by Norris, Sinclair, and Dreiser expose the pursuit of material success as an intoxicating affect that drives central figures, regardless of the attainment, and inevitable loss, of wealth. In contrast, Ishmael Reed’s MumboJumbo presents a very different frisson of social rebellion that is determined to find fulfillment within its defiance and re-appropriation of cultural identity, no matter the stacked-odds confronting protagonists. And, book-ending nearly a century of fictional engagements with the pervasiveness of fame, fortune, and celebrity in mainstream consciousness, Nathanael West’s Day of the Locust and Bret Easton Ellis’ Glamorama portray the pursuit of thrill as an end itself, regardless of any realization of stardom. Finally, these thrillological considerations extend into contemporary American social texts, here embodied by the recurring spectacle of the Super Bowl broadcast and the extravaganza of Apple.com’s 2010 web-based introduction of the iPad. Through its examination of thrill as a positive affective power and the capacity of such excitation to translate into modes of expression and identification, Thrillology adds new perspectives to the body of contemporary affect theoretical literary analysis that has been prominently concerned with the examination of negative affective dimensions. This project brings a variety of theoretical fields into conversation in order to achieve a versatile conception of thrill’s affect, combining literary and cultural modes of analysis that co-involve affect theory, performance studies, theorization of spectacle and The Everyday, and effects of mass-media and consumerism
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