Networks, Information and Economic Volatility

This thesis makes a contribution to network theory and how it applies to economics. It consists of three self-contained papers. It predominantly considers how connections between economic entities can affect economic outcomes. In particular, the first two papers examine social learning, in the one case by applying it to portfolio choice, and in the other by conducting an experiment to determine how people incorporate information from others into their beliefs to achieve economic outcomes. The final paper looks at how sectoral shocks can be transmitted through the economy through the connections between industries.The first paper, \textit{Social learning and financial markets: Can informed neighbors make up for a lack of financial acumen?}, allows financially- informed and uninformed agents to consult with each other on different social networks and examines what the benefits are to the two different groups of agents on the different networks in terms of financial investment.The second paper, \textit{Incorporating information into beliefs on networks: An experiment}, studies how agents incorporate into their beliefs information they receive from other agents. In particular, it considers whether agents use the DeGroot model or a Bayesian approach. Further, it considers how the density of network connections affects the results of consultation.The third paper, \textit{Sectoral shocks and aggregate volatility}, explores how sectoral shocks can propagate through the economy through the input-output networks. It devises a demand-side measure of industry influence and shows that such a demand-side measure is needed to fully understand the influence of industries with a case study of the Australian mining industry

Augustus Senex: Old Age and the Remaking of the Prinipate

In September ad 1, on the occasion of his birthday, Augustus wrote to Gaius, his adopted son and grandson by Julia and Agrippa, complaining about his age, stating that he had passed the climacteric common to all old men, the sixty-fourth year. And I pray the gods that whatever time is left to me I may pass with you safe and well, with our country in a flourishing condition, while you are playing the man and preparing to succeed to my position. (Gell. NA 15.7

A short treatise of hunting

17 p. Transcribed from: London, Published for the Shakespeare Association by H. Milford, Oxford University Press, 193

The experience of ageing in ancient Rome Physical, intellectual, social and emotional dimensions

SIGLEAvailable from British Library Document Supply Centre-DSC:DXN043344 / BLDSC - British Library Document Supply CentreGBUnited Kingdo

The Expectations Hypothesis of the Term Structure of Interest Rates with Mean-reverting Expectations

As it is the main theoretical explanation for how short term interest rates affect long-term interest rates, the expectations hypothesis of the term structure of interest rates is closely linked to the effectiveness of monetary policy. By assuming expectations about short term interest rates are mean reverting, this paper shows that monetary policy is most effective when expectations only slowly mean revert. Through analysis of interest rate data in the frequency domain, interest rates are shown to be mean reverting in various countries, implying that monetary policy in those countries is only partially effective

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