Report of the Fourth District Economists' Roundtable

A summary of the 1994 forecasts for real output and inflation presented by 15 members of the Fourth District Economists' Roundtable at their January 1994 meeting, highlighting the measurement of service sector prices and the role of small businesses in creating jobs.Federal Reserve District, 4th

Midyear report of the Fourth District Economists' Roundtable

A summation of the May 20, 1994 meeting of the Fourth District Economists' Roundtable, at which participants offered their views on the current and prospective state of the economy and discussed the limitations of describing the U.S. business cycle.Federal Reserve District, 4th

Year-end report of the Fourth District Economists' Roundtable

A review of the November 3, 1994 meeting of the Fourth District Economists' Roundtable, at which participants offered their economic predictions for the coming year and discussed the interactions between seasonal cycles and business cycles.Economic conditions - United States

Realignment in the U.S. motor vehicle industry

A review of the developments that have led to chronic excess capacity in the U.S. motor vehicle industry, and a consideration of the prospects facing this industry in the decade ahead.Automobile industry and trade

The Inflation Hedging Characteristics of US and UK Investments: A Multi-Factor Error Correction Approach

Historic analysis of the inflation hedging properties of stocks produced anomalous results, with equities often appearing to offer a perverse hedge against inflation. This has been attributed to the impact of real and monetary shocks to the economy, which influence both inflation and asset returns. It has been argued that real estate should provide a better hedge: however, empirical results have been mixed. This paper explores the relationship between commercial real estate returns (from both private and public markets) and economic, fiscal and monetary factors and inflation for US and UK markets. Comparative analysis of general equity and small capitalisation stock returns in both markets is carried out. Inflation is subdivided into expected and unexpected components using different estimation techniques. The analyses are undertaken using long-run error correction techniques. In the long-run, once real and monetary variables are included, asset returns are positively linked to anticipated inflation but not to inflation shocks. Adjustment processes are, however, gradual and not within period. Real estate returns, particularly direct market returns, exhibit characteristics that differ from equitiesInvestment Returns, Real Estate, Inflation Hedging, Error Correction Model

Accessible Spectrum Analyser

Presented at the 22nd International Conference on Auditory Display (ICAD-2016)This paper presents the Accessible Spectrum Analyser (ASA) developed as part of the DePic project (Design Patterns for Inclusive collaboration) at Queen Mary University of London. The ASA uses sonification to provide an accessible representation of frequency spectra to visually impaired audio engineers. The software is free and open source and is distributed as a VST plug-in under OSX and Windows. The aim of reporting this work at the ICAD 2016 conference is to solicit feedback about the design of the present tool and its more generalized counterpart, as well as to invite ideas for other possible applications where it is thought that auditory spectral analysis may be useful, for example in situations where line of sight is not always possible