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Protecting against terrorist attacks requires making decisions in a world in which attack probabilities are largely unknown. The potential for very large losses encourages a conservative perspective, in particular toward decisions that are robust. But robustness, in the sense of assurance...
Persistent link: https://www.econbiz.de/10009467775
The economic repercussions of September 11th are unique in that never before have economists needed to forecast and examine the impact of an event of such magnitude. This paper explains many of the economic effects of September l Ith, from the initial aftermath to recent developments. These...
Persistent link: https://www.econbiz.de/10009474982
This dissertation consists of three largely independent essays. The first finds a significant correlation between the price of crude oil and significant terrorist attacks by groups of Middle Eastern origin against Western nations. In particular, such terrorist attacks are considerably more...
Persistent link: https://www.econbiz.de/10009477300
terrorism. Chapter 2 takes the opposite view, using highpoweredstatistics to evaluate a single case. At question is the tool in …
Persistent link: https://www.econbiz.de/10009477422
within a complex 3D environment. This approach, we believe is needed to ‘solve’ the counter terrorism problem presented by …
Persistent link: https://www.econbiz.de/10009457267
With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating LTCI...
Persistent link: https://www.econbiz.de/10009439040
Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …
Persistent link: https://www.econbiz.de/10009476626
changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …
Persistent link: https://www.econbiz.de/10009477527
Purpose – The purpose of this paper is to test the hypothesis that savers may be substituting equity capital gains from stockholdings for traditional measures of personal saving. The analysis also aims to investigate dividend yield (DY) as a signal to investors about corporate saving rates...
Persistent link: https://www.econbiz.de/10009431834
.e. international trade, and what determines the flow of savings and investments from one country to another, i.e. international finance …
Persistent link: https://www.econbiz.de/10009432089