References and Further Reading 1. However, like the other ancient philosophers, it was not the stereotypical ivory tower existence. It is noteworthy that although Aristotle praises the politically active life, he spent most of his own life in Athens, where he was not a citizen and would not have been allowed to participate directly in politics although of course anyone who wrote as extensively and well about politics as Aristotle did was likely to be politically influential. As a scholar, Aristotle had a wide range of interests.
This difference is known as the on-the-run premium. In this paper, yield spreads between pairs of Treasury Inflation-Protected Securities TIPS with identical maturities but of separate vintages are analyzed. Adjusting for differences in coupon rates and values of embedded deflation options, the results show a small, positive premium on recently issued TIPS - averaging between one and four basis points - that persists even after new similar TIPS are issued and hence is different from the on-the-run phenomenon observed in the nominal Treasury market.
All errors are my own. The views expressed herein are solely those of the author and do not necessarily reflect the views of the Federal Reserve Bank of San Francisco or the Federal Reserve System. To this end, I develop an estimator that uses high-frequency surprises as a proxy for the structural monetary policy shocks.
This is achieved by integrating the surprises into a vector autoregressive model as an exogenous variable. I show analytically that this approach identifies the true relative impulse responses.
When allowing for time-varying model parameters, I find that, compared to output, the response of stock and house prices to monetary policy shocks was particularly low before the financial crisis.THE FALSE ALLURE OF GROUP SELECTION.
Human beings live in groups, are affected by the fortunes of their groups, and sometimes make sacrifices that benefit their groups.
The State of Welfare - The welfare system in the United States performs a wide variety of functions to assist people who have fallen onto hard times.
You Are the Product John Lanchester. The Attention Merchants: From the Daily Newspaper to Social Media, How Our Time and Attention Is Harvested and Sold by Tim Wu Atlantic, pp, £, January , ISBN 1 2. Perhaps the most striking facet about Jew-hatred is its irrationality. The are as many reasons for hating Jews as there are people.
Everything that upsets, hurts, . The State of Welfare - The welfare system in the United States performs a wide variety of functions to assist people who have fallen onto hard times.
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