This article employs a recently developed time-series econometric technique to examine the magnitude and persistence of unanticipated changes in real output on unemployment rates by race and gender. Through the use of generalized impulse response analysis, we measure the extent to which the...

In 1997, the Federal Emergency Management Agency (FEMA) announced a new initiative called Project Impact. The initiative was designed to make communities more resistant and resilient to the disruption and disaster associated with natural hazards. One of the pilot communities was Wilmington/New...

"We examine the comovements among the prices of four strategic commodities that have long, adequate daily series: oil, gold, silver, and copper as a group. We also explore their causal relationships with two commodity-relevant macrofinancial variables: interest and exchange rates as an expanded...

This paper examines the Phillips curve relationship when the second moment of inflation is nonlinear. Specifically, we estimate GARCH models that provide evidence consistent with Keynesian-type models that imply output "overshooting" and inflation fluctuations following aggregate demand shocks....

Hurricanes disrupt business processes and activities, energy distribution and consumption, and services of infrastructure and lead to a reallocation of resources and their uses. This research models the relationship among economic and engineering measures of the state of the built environment in...

This study examines changes in Nashville’s labor market following the April 16, 1998 tornado. Specifically, the study focuses on whether or not employment growth experienced a change in mean around the time of the tornado. A time series intervention model that allows for timevarying...