Liquidity crises in the small and large

Federal Reserve programs during the recent financial crisis sought to provide liquidity to individual firms or industries. An interesting additional question is whether the aggregate amount of liquidity in the economy was appropriate before and during the recent financial crisis.Liquidity (Economics) ; Financial crises

Electronic Music Studios in Britain - 7: West Square, London

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Monetary aggregation theory and statistical index numbers

This paper is the first of two from the Monetary Services Indices (MSI) Project at the Federal Reserve Bank of St. Louis. The second paper, Working Paper 96-008B, summarizes the methodology, construction and data sources for the an extensive new database of monetary services indices, often referred to as Divisia monetary aggregates, for the United States. This paper surveys the microeconomic theory of the aggregation of monetary assets, bringing together results that are not otherwise readily available in a single source. In addition to indices of the flow of monetary services, the Project's database contains dual user cost indices, measures of potential aggregation error in the monetary services indices, and measures of the stock of monetary wealth. An overview of the Project and the concept of monetary aggregation is included here as a preface. ; Earlier title: An introduction to monetary aggregation theory and statistical theory and statistical index numbersMonetary theory

Building new monetary services indices: methodology and source data

This paper is second of two from the Monetary Services Indices (MSI) Project at the Federal Reserve Bank of St. Louis. The first paper, Working Paper 96-007B, surveys the microeconomic theory of the aggregation of monetary assets. This paper describe a new database of monetary services indices (MSI) for the United States. The MSI measure the flow of monetary services received each period by households from their holdings of monetary assets; the levels of the indices are often also referred to as Divisia monetary aggregates. In addition to indices of the flow of monetary services, the database contains dual user cost indices, measures of potential aggregation error in the monetary services indices, and measures of the stock of monetary wealth. An overview of the Project and the concept of monetary aggregation is included here as a preface.Monetary theory

Impacts of a Standing Disaster Payment Program on U.S. Crop Insurance

This research investigates the potential effects of the standing disaster assistance program proposed in the Senate version of the 2008 Farm Bill. Results suggest no significant impact on producer crop insurance purchase decisions. Payments under the program should be expected to differ considerably across geographic regions and levels of diversification, with the program providing the greatest benefit to undiversified producers in more risky production regions (e.g., the Southern Plains).

Difficult cancer pain: an examination of physical and psychological components

AIMS: The aims of this thesis are to characterise clinically, neuropathic cancer pain and CIBP, to examine the relationship between cancer pain and depression, to explore the relationship between pain and systemic inflammation and the possibility of pain, depression and fatigue existing, as a symptom cluster.METHODS: A combination of observational study, systematic review, longitudinal study and secondary data analysis methodology were utilised, as appropriate to the specific area being examined.RESULTS: In neuropathic cancer pain and cancer induced bone pain, worst pain is most closely associated with the impact of pain on function. In these pain syndromes, breakthrough pain is often of rapid onset, severe intensity and short duration. The systematic review demonstrated that there is insufficient evidence to support an interdependent relationship between pain and depression. The longitudinal study demonstrated that as pain improves, there is a trend towards an improvement in depression and there is an improvement in the Hospital Anxiety and Depression Scale (HADS) score. Pain, depression and fatigue cluster together in cancer patients although there is insufficient information to suggest systemic inflammation as an underlying cause. There is, however, a significant relationship between pain and systemic inflammation.CONCLUSIONS: The difficult cancer pain syndromes of neuropathic cancer pain and cancer induced bone pain are best assessed using "worst pain" as a measure of the impact of pain on function. Pain and depression in cancer are likely to be related to one another although further research is needed to confirm this. Pain, depression and fatigue exist together as a symptom cluster in specific groups of cancer patients. Pain is related to systemic inflammation in cancer

Veils and Cloaks of Ignorance: Under-used Tools for Conflict Resolution

Published in cooperation with the American Bar Association Section of Dispute Resolutio

Anderson Receives 1991 Bowie Medal

Laboratory of the California Institute of Technology, was awarded the 1991 William Bowie Medal for outstanding contributions to fundamental geophysics and unselfish cooperation in research. The Bowie Medal, AGU's most distinguished honor, was presented to AGU Past-president Anderson on May 29 at the annual Spring Meeting Honors Night in Baltimore, Md