A Sectoral Model of the Australian Economy

We use a structural vector autoregression (SVAR) to examine the effect of unanticipated changes in monetary policy on the expenditure and production components of GDP over the period from 1983 to 2007. We find that dwelling investment and machinery & equipment investment are the most interest-sensitive expenditure components of activity, and that construction and retail trade are the most interest-sensitive production components of activity. We subject our model to a range of sensitivity checks and find that our results are robust to omitted variables, alternative identification schemes and the time period over which our model is estimated.Australian economy; sectoral macroeconomic model; monetary policy

Monetary Transmission and the Yield Curve in a Small Open Economy

Long-term nominal interest rates in a number of inflation-targeting small open economies have tended to be highly correlated with those of the United States. This observation has recently lent support to the view that the long end of the yield curve is determined abroad. We set up and estimate a micro-founded two-block small open economy model to study the co-movement of long-term nominal interest rates of different currencies. The expectations hypothesis together with uncovered interest rate parity, which both hold in our model, can account for much of the co-movement of interest rates observed in the data.term structure of interest rates; yield curve; small open economy; DSGE model; transmission mechanism

College Football Games and Crime

There is a great deal of anecdotal evidence that college football games can lead to aggressive and destructive behavior by fans. However, to date, no empirical study has attempted to document the magnitude of this phenomenon. We match daily data on offenses from the NIBRS to 26 Division I-A college football programs in order to estimate the relationship between college football games and crime. Our results suggest that the host community registers sharp increases in assaults, vandalism, arrests for disorderly conduct, and arrests for alcohol-related offenses on game days. Upsets are associated with the largest increases in the number of expected offenses. These estimates are discussed in the context of psychological theories of fan aggression

The Effect of Prenatal Stress on Birth Weight: Evidence from the al-Aqsa Intifada

No previous study has attempted to estimate the effect of intrauterine exposure to armed conflict, a potential source of stress, on pregnancy outcomes. Drawing on data from the 2004 Palestinian Demographic and Health Survey, we examine the relationship between fatalities caused by Israeli security forces (a measure of conflict intensity) and birth weight. Our estimates suggest that first-trimester fatalities are positively related to the probability that a child weighed less than 2,500 grams at birth. This result is consistent with medical studies showing a strong negative correlation between self-reported stress during the first trimester of pregnancy and birth weight.birth weight, prenatal stress, Israeli-Palestinian conflict

The Effect of Prenatal Stress on Birth Weight: Evidence from the al-Aqsa Intifada

No previous study has attempted to estimate the effect of intrauterine exposure to armed conflict, a potential source of stress, on pregnancy outcomes. Drawing on data from the 2004 Palestinian Demographic and Health Survey, we examine the relationship between fatalities caused by Israeli security forces (a measure of conflict intensity) and birth weight. Our estimates suggest that first-trimester fatalities are positively related to the probability that a child weighed less than 2,500 grams at birth. This result is consistent with medical studies showing a strong negative correlation between self-reported stress during the first trimester of pregnancy and birth weight.Birth weight, prenatal stress, Israeli-Palestinian conflict

Faculty Turnover at American Colleges and Universities: Analyses of AAUP Data

This paper uses institutional level data collected by the American Association of University Professors as part of their annual survey of faculty members\u27 compensation to analyze faculty turnover. Analyses of aggregate data over almost a twenty-year period highlight how remarkably stable faculty retention rates have been nationwide and how little they vary across broad categories of institutions. Analyses of variations in faculty retention rates across individual institutions stress the role that faculty compensation levels play. Higher levels of compensation appear to increase retention rates for assistant and associate professors (but not for full professors) and the magnitude of this effect grows larger as one moves from institutions with graduate programs, to four-year undergraduate institutions, to two-year institutions

Medical Marijuana Laws, Traffic Fatalities, and Alcohol Consumption

To date, 16 states have passed medical marijuana laws, yet very little is known about their effects. Using state-level data, we examine the relationship between medical marijuana laws and a variety of outcomes. Legalization of medical marijuana is associated with increased use of marijuana among adults, but not among minors. In addition, legalization is associated with a nearly 9 percent decrease in traffic fatalities, most likely to due to its impact on alcohol consumption. Our estimates provide strong evidence that marijuana and alcohol are substitutes.medical marijuana, traffic fatalities, alcohol consumption

The Kid's Speech: The Effect of Stuttering on Human Capital Acquisition

A number of studies have shown that childhood speech impairments such as stuttering are associated with lower test scores and educational attainment. However, it is unclear whether this result is causal in nature or whether it can be explained by difficult-to-measure heterogeneity at the community, family, or individual level. Using data from the National Longitudinal Study of Adolescent Health and ordinary least squares, we show that stuttering is negatively associated with high school grades, the probability of high school graduation, and the probability of college attendance. However, empirical specifications with family fixed effects or controls for learning disabilities such as Attention Deficit Hyperactivity Disorder suggest that these associations can, in large part, be explained by difficult-to-measure heterogeneity.speech impairment, stuttering, human capital, educational attainment

Economic Conditions, Deterrence and Juvenile Crime: Evidence from Micro Data

This is the first paper to test the economic model of crime for juveniles using micro data. It uses a nationally representative sample of 16,478 high school children surveyed in 1995. The sample includes not only detailed information on offenses, but also data on personal, family and neighborhood characteristics as well as deterrence measures. We analyze the determinants of selling drugs, committing assault, robbery, burglary and theft, separately for males and females. We find that an increase in violent crime arrests reduces the probability of selling drugs and assaulting someone for males, and reduces the probability of selling drugs and stealing for females. An increase in local unemployment increases the propensity to commit crimes, as does local poverty. Similarly, family poverty increases the probability to commit robbery, burglary and theft for males, and assault and burglary for females. Local characteristics are more important for females than males. The results also indicate that family supervision has an impact on delinquent behavior. These results show that juveniles do respond to incentives and sanctions as predicted by economic theory. Employment opportunities, increased family income and more strict deterrence are effective tools to reduce juvenile crime.

Hunger and Modern Writing: Melville, Kafka, Hamsun, and Wright

"Hunger is a contentious theme in modernist literature, and this study addresses its relevance in the works of four major American and European writers. Taking an in-depth look at works by Melville, Kafka,Hamsun, and Wright, it argues that hunger is deeply involved with concepts of modernity and modern literature. Exploring how it is bound up with the writer’s role in modern society this study draws on two conflicting and complex views of hunger: the first is material, relating to the body as a physical entity that has a material existence in reality. Hunger, in this sense, is a physiological process that affects the body as a result of the need for food, the lack of which can lead to discomfort, listlessness, and eventually death. The second view is that of hunger as an appetite of the mind, the kind of hunger for immaterial things that is associated with an individual’s desire for a new form of knowledge, sentiment, or a different way of perceiving the reality of the world. By discussing the selected authors’ conceptualization of hunger as both desire and absence of desire, or as both a creative and a destructive force, it examines how it has influenced literary representations of modern life. This study then offers a focused approach to a broad field of inquiry and presents analyses that address a variety of critical perspectives on hunger and modern literature. Daniel Rees completed his PhD in American and Comparative Literature at the Ludwig Maximilian University of Munich. His research interests include Anglo-American and European literature of the modern period. He has worked as a freelance editor and translator since 2004 and contributed publications in the e-journal Current Objectives of Postgraduate American Studies and to Orchid Press.