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Stephen Salant
Stephen W. Salant (born c. 1945) is an economist who has done extensive research in applied microeconomics (mostly in the fields of natural resources and industrial organization). His 1975 model of speculative attacks in the gold market (with Dale Henderson) waadaptedby Paul Krugman and others to explain speculative attacks in foreign exchange markets. Hundreds of journal articles and books on financial speculative attacks followed. In a series of six articles,"The proposed cap-and-trade program to limit greenhouse gas emissions: the case of the unbuttoned collar" (with Makoto Hasegawa), 2010 Salant has continued to focus instead on ''real'' speculative attacks. These may be divided into two categories: (1) speculative attacks induced by government policies such as total allowable catch quotas in fisheries, H1-B immigration quotas, commodity price ceilings, and most recently the proposed price-collars on tradable emissions permits; and (2) speculative attacks that are naturally o ...
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Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ...
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Speculative Attacks
In economics, a speculative attack is a precipitous selling of untrustworthy assets by previously inactive speculators and the corresponding acquisition of some valuable assets (currencies, gold). The first model of a speculative attack was contained in a 1975 discussion paper on the gold market by Stephen Salant and Dale Henderson at the Federal Reserve Board of Governors, Federal Reserve Board. Paul Krugman, who visited the Board as a graduate student intern, soon adapted their mechanism to explain speculative attacks in the foreign exchange market.Paul Krugman (1979), 'A model of balance-of-payments crises'. ''Journal of Money, Credit, and Banking'' 11, pp. 311-25. There are now many hundreds of journal articles on financial speculative attacks, which are typically grouped into three categories: first, second, and third generation models. Salant has continued to explore real speculative attacks in a series of six articles. How it works A speculation, speculative attack in the ...
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Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there. He also holds the title of Centennial Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010, and is among the most influential economi ...
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Alger Hiss
Alger Hiss (November 11, 1904 – November 15, 1996) was an American government official accused in 1948 of having spied for the Soviet Union in the 1930s. Statutes of limitations had expired for espionage, but he was convicted of perjury in connection with this charge in 1950. Before the trial Hiss was involved in the establishment of the United Nations, both as a U.S. State Department official and as a U.N. official. In later life he worked as a lecturer and author. On August 3, 1948, Whittaker Chambers, a former U.S. Communist Party member, testified under subpoena before the House Un-American Activities Committee (HUAC) that Hiss had secretly been a communist while in federal service. Hiss categorically denied the charge and subsequently sued Chambers for libel. During the pretrial discovery process of the libel case, Chambers produced new evidence allegedly indicating that he and Hiss had been involved in espionage. A federal grand jury indicted Hiss on two counts of p ...
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Federal Reserve Board
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for staggered 14-year terms.See Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the Chair and Vice Chair of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the preside ...
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Rand Corporation
The RAND Corporation (from the phrase "research and development") is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces. It is financed by the Federal government of the United States, U.S. government and private Financial endowment, endowment, corporations, university, universities and private individuals. The company assists other governments, international organizations, private companies and foundations with a host of defense and non-defense issues, including healthcare. RAND aims for interdisciplinary and quantitative problem solving by translating theory, theoretical concepts from formal economics and the Outline of physical science, physical sciences into novel applications in other areas, using applied science and operations research. Overview RAND has approximately 1,850 employees. Its American locations include: Santa Monica, California (headquarters); Arlington ...
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The RAND Journal Of Economics
''The RAND Journal of Economics'' (usually called ''RAND Journal'' or simply ''Rand'' ) is a quarterly peer-reviewed academic journal of economics published by Wiley-Blackwell on behalf of the RAND Corporation. It publishes theoretical and empirical papers on industrial organization and related topics. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor of 1.986. History The journal was established in 1970 by AT&T's Bell Labs economics group as ''The Bell Journal of Economics and Management Science''. From 1975 to 1983 it was titled ''The Bell Journal of Economics''. In 1984, after transfer to the RAND Corporation, it acquired its present name. See also *List of economics journals The following is a list of scholarly journals in economics containing most of the prominent academic journals in economics. Popular magazines or other publications related to economics, finance, or business are not listed. A *'' Affilia'' *''A ... References Exter ...
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Margaret Levenstein
Margaret C. Levenstein is an American economist who is Director of the Inter-university Consortium for Political and Social Research (ICPSR) and Research Professor at the Institute for Social Research and the School of Information at the University of Michigan. She is a past president of the Business History Conference. Her research focuses on historical firm organization and competition and the evolution of information systems within firms. Levenstein received her B.A. from Barnard College in 1983 and Ph.D. from Yale University. Selected works * Levenstein, Margaret C., and Valerie Y. Suslow. "What determines cartel success?." ''Journal of economic literature'' 44, no. 1 (2006): 43–95. * Levenstein, Margaret C., and Valerie Y. Suslow. "Breaking up is hard to do: Determinants of cartel duration." ''The Journal of Law and Economics'' 54, no. 2 (2011): 455–492. * Levenstein, Margaret. ''Accounting for Growth: Information Systems and the Creation of the Large Corporation'' ...
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EconPapers
Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, journal articles, and software components. The project started in 1997. Its precursor NetEc dates back to 1993. Overview Sponsored by the Research Division of the Federal Reserve Bank of St. Louis and using its IDEAS database, RePEc provides links to over 1,200,000 full-text articles. Most contributions are freely downloadable, but copyright remains with the author or copyright holder. It is among the largest internet repositories of academic material in the world. Materials to RePEc can be added through a department or institutional archive or, if no institutional archive is available, through the Munich Personal RePEc Archive. Institutions are welcome to join and contribute their materials by establishing and maintaining their own ReP ...
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JSTOR
JSTOR (; short for ''Journal Storage'') is a digital library founded in 1995 in New York City. Originally containing digitized back issues of academic journals, it now encompasses books and other primary sources as well as current issues of journals in the humanities and social sciences. It provides full-text searches of almost 2,000 journals. , more than 8,000 institutions in more than 160 countries had access to JSTOR. Most access is by subscription but some of the site is public domain, and open access content is available free of charge. JSTOR's revenue was $86 million in 2015. History William G. Bowen, president of Princeton University from 1972 to 1988, founded JSTOR in 1994. JSTOR was originally conceived as a solution to one of the problems faced by libraries, especially research and university libraries, due to the increasing number of academic journals in existence. Most libraries found it prohibitively expensive in terms of cost and space to maintain a comprehen ...
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21st-century American Economists
The 1st century was the century spanning AD 1 ( I) through AD 100 ( C) according to the Julian calendar. It is often written as the or to distinguish it from the 1st century BC (or BCE) which preceded it. The 1st century is considered part of the Classical era, epoch, or historical period. The 1st century also saw the appearance of Christianity. During this period, Europe, North Africa and the Near East fell under increasing domination by the Roman Empire, which continued expanding, most notably conquering Britain under the emperor Claudius ( AD 43). The reforms introduced by Augustus during his long reign stabilized the empire after the turmoil of the previous century's civil wars. Later in the century the Julio-Claudian dynasty, which had been founded by Augustus, came to an end with the suicide of Nero in AD 68. There followed the famous Year of Four Emperors, a brief period of civil war and instability, which was finally brought to an end by Vespasian, ninth Roman empero ...
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Columbia College (New York) Alumni
Columbia College may refer to one of several institutions of higher education in North America: Canada * Columbia College (Alberta), in Calgary * Columbia College (British Columbia), a two-year liberal arts institution in Vancouver * Columbia International College, a private preparatory school in Hamilton, Ontario United States ''Listed alphabetically by state'' * Columbia College (California), a community college in Sonora, California * Columbia College Hollywood, a film school in Los Angeles, California * Columbia College (Florida), an historical college in Lake City, Florida, now merged with Stetson University * Columbia College Chicago, a large arts and communications college in Chicago, Illinois * Loras College, a private Catholic college in Dubuque, Iowa, known as Columbia College during 1920–1939 * Columbia College (Missouri), a liberal arts college in Columbia, Missouri * Columbia University, New York, known as Columbia College during 1784–1896 ** Columbia College (New ...
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