The Victorian Newsletter (Spring 1973)

The Victorian Newsletter is sponsored for the English X Group of the Modern Language Association by New York University and Queens College, City University of New York.The State of Victorian Studies: 1962-1972 - Introductory Remarks / Robert A. Colby -- Victorian Nonfiction Prose / G. B. Tennyson -- Victorian Poetry / R. C. Tobias -- Victorian Fiction / Lionel Stevenson -- Emily Brontë and the Responsible Imagination / Victor A. Neufeldt -- Wave and Fire Imagery in Tennyson's Idylls / Henry Kozicki -- Tennyson and the Spasmodics / Joseph J. Collins -- Recent Publications: A Selected List / Arthur F. Minerof -- English X New

Changes in the Federal Reserve's Inflation Target: Causes and Consequences

This paper estimates a New Keynesian model to draw inferences about the behavior of the Federal Reserve's unobserved inflation target. The results indicate that the target rose from 1 1/4% in 1959 to over 8% in the mid to late 1970s before falling back below 2 1/2% in 2004. The results also provide some support for the hypothesis that over the entire post-war period, Federal Reserve policy has systematically translated short-run price pressures set off by supply-side shocks into more persistent movements in inflation itself, although considerable uncertainty remains about the true source of shifts in the inflation target. Copyright 2007 The Ohio State University.

The effects of intramuscular or intravenous injections of gonadotropin releasing hormone at fixed-time artificial insemination on pregnancy rates of Bos indicus beef cows

The effect of an intramuscular versus intravenous administration of gonadotropin releasing hormone (GnRH) at fixed-time AI (FTAI) on the pregnancy rates of crossbred Bos indicus beef cows was evaluated. Pluriparous nursing calv cows (n=120) were synchronized as follows: d 0 cows received a 2.0 mg injection of estradiol benzoate (EB) and insertion of a controlled intravaginal progesterone releasing device containing 0.558 g of progesterone, d 8 removal of the progesterone device , a 0.15 mg injection of prostaglandin F2α (PGF), a 1.0 mg injection of EB, and 400 IU injection of equine chorionic gonadotropin. Fifty-four hr after PGF, all cows were exposed to FTAI and a 0.084 mg injection of GnRH was administered either via Vena caudalis (n=60), or via Longissimus dorsi (n=60). Cows were inseminated with the same sire and by a single AI technician. Pregnancy was determined by the transrectal ultrasonography on d 40 after AI. Cows receiving the intravenous administration of GnRH had higher (P = 0.04) pregnancy rates than the cows receiving the intramuscular injection of GnRH (65 vs 46.6%, respectively). It was concluded that the intravenous administration of GnRH at the time of AI improved the pregnancy rates of crossbred Bos indicus beef cows submitted to FTAI

Misspecification and Expectations Correction in New Keynesian DSGE Models

This paper focuses on the dynamic misspecification that characterizes the class of small-scale New Keynesian models currently used in monetary and business cycle analysis, and provides a remedy for the typical difficulties these models have in accounting for the rich contemporaneous and dynamic correlation structure of the data. We suggest using a statistical model for the data as a device through which it is possible to adapt the econometric specification of the New Keynesian model such that the risk of omitting important propagation mechanisms is kept under control. A pseudo-structural form is built from the baseline system of Euler equations by forcing the state vector of the system to have the same dimension as the state vector characterizing the statistical model. The pseudo-structural form gives rise to a set of cross-equation restrictions that do not penalize the autocorrelation structure and persistence of the data. Standard estimation and evaluation methods can be used. We provide an empirical illustration based on USA quarterly data and a small-scale monetary New Keynesian model