Mark S. Massa, SJ
- Published in print:
- 2010
- Published Online:
- September 2010
- ISBN:
- 9780199734122
- eISBN:
- 9780199866373
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199734122.001.0001
- Subject:
- Religion, Religion and Society
This book examines the Catholic participation in the “Long Sixties” in the United States, a decade that, for Catholic Americans, began in 1964 (the year the first reforms mandated by the Second ...
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This book examines the Catholic participation in the “Long Sixties” in the United States, a decade that, for Catholic Americans, began in 1964 (the year the first reforms mandated by the Second Vatican Council began to be implemented) and continued into the 1970s. The book argues that the most important result of that era was the emergence of the awareness among many of the Catholic faithful that everything in history changes, including the Church. This seemingly obvious insight generated considerable turmoil within the American Catholic community, which was accustomed to thinking of their religious beliefs and practices as timeless. The battles generated by that insight largely shaped the debates within the community during the final quarter of the twentieth and the first decade of the twenty-first century. In the process of narrating those turbulent events, the book offers a new master narrative of American Catholicism during the 1960s that seeks to displace the older politicized narrative of “liberals versus conservatives.”Less
This book examines the Catholic participation in the “Long Sixties” in the United States, a decade that, for Catholic Americans, began in 1964 (the year the first reforms mandated by the Second Vatican Council began to be implemented) and continued into the 1970s. The book argues that the most important result of that era was the emergence of the awareness among many of the Catholic faithful that everything in history changes, including the Church. This seemingly obvious insight generated considerable turmoil within the American Catholic community, which was accustomed to thinking of their religious beliefs and practices as timeless. The battles generated by that insight largely shaped the debates within the community during the final quarter of the twentieth and the first decade of the twenty-first century. In the process of narrating those turbulent events, the book offers a new master narrative of American Catholicism during the 1960s that seeks to displace the older politicized narrative of “liberals versus conservatives.”
Ian G. Roberts
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195168211
- eISBN:
- 9780199788453
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195168211.001.0001
- Subject:
- Linguistics, Syntax and Morphology
This work provides an analysis of word order and clause structure in Welsh, within the context of a minimalist version of principles and parameters theory. The central issue is the analysis of VSO ...
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This work provides an analysis of word order and clause structure in Welsh, within the context of a minimalist version of principles and parameters theory. The central issue is the analysis of VSO order, the only unmarked clausal order in Welsh. The question is: which values of which parameters of Universal Grammar determine VSO order? Behind this basic descriptive goal, there are two theoretical questions. The first has to do with the conditions of adequacy on parameters: these must be both typologizable and learnable. The second concerns the Extended Projection Principle (EPP). Developing the conception of this principle in Chomsky (2000, 2001), it is concluded that it is a parametrized property of the C-system and/or the I-system, and that it seems to be intrinsically connected to the defective nature of certain functional heads. Successive chapters deal with the analysis of VSO orders, the Welsh Case-agreement system as it applies to both subjects and objects, the ‘verbal noun’, and the nature of the C-system. The last chapter takes up the related but distinct question of the theoretical status of head-movement, arguing that this may be construed as movement to a specifier position followed by morphological reanalysis of adjacent heads. Throughout, Welsh is compared to the other Celtic languages, and to the Romance and Germanic languages. Comparison with Romance is particularly revealing in relation to the agreement system, and comparison with Germanic in relation to C-system.Less
This work provides an analysis of word order and clause structure in Welsh, within the context of a minimalist version of principles and parameters theory. The central issue is the analysis of VSO order, the only unmarked clausal order in Welsh. The question is: which values of which parameters of Universal Grammar determine VSO order? Behind this basic descriptive goal, there are two theoretical questions. The first has to do with the conditions of adequacy on parameters: these must be both typologizable and learnable. The second concerns the Extended Projection Principle (EPP). Developing the conception of this principle in Chomsky (2000, 2001), it is concluded that it is a parametrized property of the C-system and/or the I-system, and that it seems to be intrinsically connected to the defective nature of certain functional heads. Successive chapters deal with the analysis of VSO orders, the Welsh Case-agreement system as it applies to both subjects and objects, the ‘verbal noun’, and the nature of the C-system. The last chapter takes up the related but distinct question of the theoretical status of head-movement, arguing that this may be construed as movement to a specifier position followed by morphological reanalysis of adjacent heads. Throughout, Welsh is compared to the other Celtic languages, and to the Romance and Germanic languages. Comparison with Romance is particularly revealing in relation to the agreement system, and comparison with Germanic in relation to C-system.
Adrienne Heritier
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199298129
- eISBN:
- 9780191711633
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199298129.001.0001
- Subject:
- Political Science, European Union
This book poses the question: how and why do institutions change? Institutions, understood as rules of behaviour constraining and facilitating social interaction, are subject to different forms and ...
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This book poses the question: how and why do institutions change? Institutions, understood as rules of behaviour constraining and facilitating social interaction, are subject to different forms and processes of change. A change may be designed intentionally on a large scale and then be followed by a period of only incremental adjustments to new conditions. But institutions may also emerge as informal rules, persist for a long time and only be formalized later. The causes, processes, and outcomes of institutional change raise a number of conceptual, theoretical, and empirical questions. While we know a lot about the creation of institutions, relatively little research has been conducted about their transformation once they have been put into place. Attention has focused on politically salient events of change, such as the Intergovernmental Conferences of Treaty reform. In focusing on such grand events, it is easy overlook inconspicuous changes in European institutional rules that are occurring on a daily basis. Thus, the European Parliament has gradually acquired a right of investing individual Commissioners. This has never been an issue in the negotiations of formal treaty revisions. Or, the decision-making rule(s) under which the European Parliament participates in the legislative process have drastically changed over the last decades starting from a modest consultation ending up with codecision. The book discusses various theories accounting for long-term institutional change, and explores them on the basis of five important institutional rules in the European Union. It proposes typical sequences of long-term institutional change and their theorization which hold for other contexts as well, if the number of actors and their goals are clearly defined, and interaction takes place under the ‘shadow of the future’.Less
This book poses the question: how and why do institutions change? Institutions, understood as rules of behaviour constraining and facilitating social interaction, are subject to different forms and processes of change. A change may be designed intentionally on a large scale and then be followed by a period of only incremental adjustments to new conditions. But institutions may also emerge as informal rules, persist for a long time and only be formalized later. The causes, processes, and outcomes of institutional change raise a number of conceptual, theoretical, and empirical questions. While we know a lot about the creation of institutions, relatively little research has been conducted about their transformation once they have been put into place. Attention has focused on politically salient events of change, such as the Intergovernmental Conferences of Treaty reform. In focusing on such grand events, it is easy overlook inconspicuous changes in European institutional rules that are occurring on a daily basis. Thus, the European Parliament has gradually acquired a right of investing individual Commissioners. This has never been an issue in the negotiations of formal treaty revisions. Or, the decision-making rule(s) under which the European Parliament participates in the legislative process have drastically changed over the last decades starting from a modest consultation ending up with codecision. The book discusses various theories accounting for long-term institutional change, and explores them on the basis of five important institutional rules in the European Union. It proposes typical sequences of long-term institutional change and their theorization which hold for other contexts as well, if the number of actors and their goals are clearly defined, and interaction takes place under the ‘shadow of the future’.
Heinrich Schenker
- Published in print:
- 2002
- Published Online:
- May 2008
- ISBN:
- 9780195151510
- eISBN:
- 9780199871582
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195151510.003.0007
- Subject:
- Music, Theory, Analysis, Composition
By means of numerous examples, this chapter shows that fingering, rather than merely facilitating the execution of a figure or passage, should be used as a tool to express the musical meaning behind ...
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By means of numerous examples, this chapter shows that fingering, rather than merely facilitating the execution of a figure or passage, should be used as a tool to express the musical meaning behind the figuration. It argues that unfettered, free fingerings are appropriate in the music of the great masters, contrary to the notion that contemporary fingerings showed greater freedom. In Chopin, meaning and fingering are uniquely fused. Different means of attaining legato in chordal or spread out writing are shown and the astonishing claim is made that “fingerings must be honest”, i.e., the fingering must correspond to the voice leading.Less
By means of numerous examples, this chapter shows that fingering, rather than merely facilitating the execution of a figure or passage, should be used as a tool to express the musical meaning behind the figuration. It argues that unfettered, free fingerings are appropriate in the music of the great masters, contrary to the notion that contemporary fingerings showed greater freedom. In Chopin, meaning and fingering are uniquely fused. Different means of attaining legato in chordal or spread out writing are shown and the astonishing claim is made that “fingerings must be honest”, i.e., the fingering must correspond to the voice leading.
Naomi E. Chayen, John R. Helliwell, and Edward H. Snell
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199213252
- eISBN:
- 9780191707575
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199213252.001.0001
- Subject:
- Physics, Crystallography: Physics
Structural crystallography provides key information to understand the mechanism involved for biological processes. The technique requires high‐quality crystals. The book Macromolecular ...
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Structural crystallography provides key information to understand the mechanism involved for biological processes. The technique requires high‐quality crystals. The book Macromolecular crystallization and crystal perfection covers the techniques to get these high quality crystals and then obtain the best structural data from them. We focus on two areas, the crystal and the diffraction experiment. We briefly address crystallization theory and then focus on practical crystallization strategies discussing screening and optimization. Where high quality crystals are not initially obtained, remediation strategies and alternative approaches are discussed. Diffraction is covered from both the X‐ray and neutron viewpoint. A physical analysis of long and short‐range order is used to explain features seen in the diffraction pattern and the causes of those features. Diffraction disorders are discussed. Factors that cause degradation to the diffraction and strategies to mitigate those factors are addressed. We then address beamline and detector optimization as a means to improve the data quality. Crystallization is still a largely empirical process and our final chapters focus on the use of powder methods, where crystals are small, complementary techniques where we have no crystals at all and what the future holds with the advent of fourth generation X‐ray sources. Overall the book is aimed at both more experienced researchers and graduate students. We aim for it to become a reference work for all researchers in these interdisciplinary subjects on these topics.Less
Structural crystallography provides key information to understand the mechanism involved for biological processes. The technique requires high‐quality crystals. The book Macromolecular crystallization and crystal perfection covers the techniques to get these high quality crystals and then obtain the best structural data from them. We focus on two areas, the crystal and the diffraction experiment. We briefly address crystallization theory and then focus on practical crystallization strategies discussing screening and optimization. Where high quality crystals are not initially obtained, remediation strategies and alternative approaches are discussed. Diffraction is covered from both the X‐ray and neutron viewpoint. A physical analysis of long and short‐range order is used to explain features seen in the diffraction pattern and the causes of those features. Diffraction disorders are discussed. Factors that cause degradation to the diffraction and strategies to mitigate those factors are addressed. We then address beamline and detector optimization as a means to improve the data quality. Crystallization is still a largely empirical process and our final chapters focus on the use of powder methods, where crystals are small, complementary techniques where we have no crystals at all and what the future holds with the advent of fourth generation X‐ray sources. Overall the book is aimed at both more experienced researchers and graduate students. We aim for it to become a reference work for all researchers in these interdisciplinary subjects on these topics.
Jerome L. Stein and Polly Reynolds Allen
- Published in print:
- 1998
- Published Online:
- November 2003
- ISBN:
- 9780198293064
- eISBN:
- 9780191596940
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198293062.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics, International
The NATREX approach offers an alternative paradigm to the Purchasing Power Parity for equilibrium real exchange rates. NATREX is the acronym for NATural Real EXchange, referring to a medium‐run, ...
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The NATREX approach offers an alternative paradigm to the Purchasing Power Parity for equilibrium real exchange rates. NATREX is the acronym for NATural Real EXchange, referring to a medium‐run, inter‐cyclical equilibrium real exchange rate, determined by real, fundamental factors. Importantly, the NATREX is a moving equilibrium real exchange rate, responding to continual changes in exogenous and endogenous real fundamentals. In a world of high capital mobility, the fundamentals of thrift, productivity, capital intensity, and net debt to foreigners become particularly important, influencing desired long‐term capital flows and altering the equilibrium real exchange rate. The NATREX approach identifies and models the fundamental determinants of equilibrium real exchange rates, consistent with their recent empirical movements in various countries.The NATREX model is a dynamic stock‐flow growth model. The goal of the NATREX approach is primarily empirical – to explain movements of medium‐ to long‐run real exchange rates in terms of the fundamental real variables of thrift and productivity, assuming that real exchange rates do adjust toward their equilibrium level, although with a lag. A family of consistent general equilibrium models – of rational, optimizing behavior, determining medium‐run equilibrium real exchange rates – forms the core of the NATREX approach. These models provide logical economic justifications for the empirical results.Less
The NATREX approach offers an alternative paradigm to the Purchasing Power Parity for equilibrium real exchange rates. NATREX is the acronym for NATural Real EXchange, referring to a medium‐run, inter‐cyclical equilibrium real exchange rate, determined by real, fundamental factors. Importantly, the NATREX is a moving equilibrium real exchange rate, responding to continual changes in exogenous and endogenous real fundamentals. In a world of high capital mobility, the fundamentals of thrift, productivity, capital intensity, and net debt to foreigners become particularly important, influencing desired long‐term capital flows and altering the equilibrium real exchange rate. The NATREX approach identifies and models the fundamental determinants of equilibrium real exchange rates, consistent with their recent empirical movements in various countries.
The NATREX model is a dynamic stock‐flow growth model. The goal of the NATREX approach is primarily empirical – to explain movements of medium‐ to long‐run real exchange rates in terms of the fundamental real variables of thrift and productivity, assuming that real exchange rates do adjust toward their equilibrium level, although with a lag. A family of consistent general equilibrium models – of rational, optimizing behavior, determining medium‐run equilibrium real exchange rates – forms the core of the NATREX approach. These models provide logical economic justifications for the empirical results.
Michael D. McDonald and Ian Budge
- Published in print:
- 2005
- Published Online:
- February 2006
- ISBN:
- 9780199286720
- eISBN:
- 9780191603327
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199286728.003.0010
- Subject:
- Political Science, Comparative Politics
Policy outcomes are rather stable while politics in the short-term are in a state of flux — one which oscillates round long-term equilibrium point which is fairly stable within each country. Such ...
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Policy outcomes are rather stable while politics in the short-term are in a state of flux — one which oscillates round long-term equilibrium point which is fairly stable within each country. Such well-established policy positions distinguish long-term policy regimes within each country. To change these, governments need popular support over fairly long periods of time, which usually is not forthcoming. Typically, actual policy outputs oscillate round a long-term equilibrium, which does not change very much over a four or five election period.Less
Policy outcomes are rather stable while politics in the short-term are in a state of flux — one which oscillates round long-term equilibrium point which is fairly stable within each country. Such well-established policy positions distinguish long-term policy regimes within each country. To change these, governments need popular support over fairly long periods of time, which usually is not forthcoming. Typically, actual policy outputs oscillate round a long-term equilibrium, which does not change very much over a four or five election period.
W. M. Gorman
C. Blackorby and A. F. Shorrocks (eds)
- Published in print:
- 1996
- Published Online:
- November 2003
- ISBN:
- 9780198285212
- eISBN:
- 9780191596322
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198285213.003.0026
- Subject:
- Economics and Finance, Microeconomics
A weakness of the paper ’Aggregation in the short and long run’ (Ch. 25) is the use of strong convexity assumptions––these assumptions seem easier to justify in the short run, rather than the long ...
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A weakness of the paper ’Aggregation in the short and long run’ (Ch. 25) is the use of strong convexity assumptions––these assumptions seem easier to justify in the short run, rather than the long run. In this paper (which is from an unpublished typescript from Nuffield College, Oxford, 1982), all firms, actual and potential, have constant‐returns‐to‐scale technologies, hence, those that actually exist in any particular equilibrium are determined endogenously, but their outputs are of course undetermined; this is consistent with the structure of many general equilibrium models. Gorman begins by assuming that there is an input aggregate in each firm as well as in the economy as a whole; as in Ch. 25, this implies the existence of an output aggregate in each firm and in the economy. Equilibrium is characterized by zero profits and a finite production plan for every firm, and this in turn determines those firms that exist in the equilibrium. The main result is one seen in the previous aggregation papers: an aggregate exists if and only if it is deployed efficiently among those firms producing positive outputs.Less
A weakness of the paper ’Aggregation in the short and long run’ (Ch. 25) is the use of strong convexity assumptions––these assumptions seem easier to justify in the short run, rather than the long run. In this paper (which is from an unpublished typescript from Nuffield College, Oxford, 1982), all firms, actual and potential, have constant‐returns‐to‐scale technologies, hence, those that actually exist in any particular equilibrium are determined endogenously, but their outputs are of course undetermined; this is consistent with the structure of many general equilibrium models. Gorman begins by assuming that there is an input aggregate in each firm as well as in the economy as a whole; as in Ch. 25, this implies the existence of an output aggregate in each firm and in the economy. Equilibrium is characterized by zero profits and a finite production plan for every firm, and this in turn determines those firms that exist in the equilibrium. The main result is one seen in the previous aggregation papers: an aggregate exists if and only if it is deployed efficiently among those firms producing positive outputs.
Ruth Glasner
- Published in print:
- 2009
- Published Online:
- September 2009
- ISBN:
- 9780199567737
- eISBN:
- 9780191721472
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199567737.003.0003
- Subject:
- Philosophy, History of Philosophy, Ancient Philosophy
Averroes wrote three commentaries on the Physics and revised all three. Therefore a diachronic study is absolutely essential. It is usually assumed that Averroes' commentaries in general were written ...
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Averroes wrote three commentaries on the Physics and revised all three. Therefore a diachronic study is absolutely essential. It is usually assumed that Averroes' commentaries in general were written in the ‘natural’ order: first the short, then the middle, and finally the long commentary. Recently, however, this assumption was challenged by Alfred Ivry, arguing that the long commentary on De anima was written before the long commentary. This brief chapter adduces evidence to show that the commentaries on the Physics were written in the natural order, and throws some light also on the case of De anima.Less
Averroes wrote three commentaries on the Physics and revised all three. Therefore a diachronic study is absolutely essential. It is usually assumed that Averroes' commentaries in general were written in the ‘natural’ order: first the short, then the middle, and finally the long commentary. Recently, however, this assumption was challenged by Alfred Ivry, arguing that the long commentary on De anima was written before the long commentary. This brief chapter adduces evidence to show that the commentaries on the Physics were written in the natural order, and throws some light also on the case of De anima.
Ruth Glasner
- Published in print:
- 2009
- Published Online:
- September 2009
- ISBN:
- 9780199567737
- eISBN:
- 9780191721472
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199567737.003.0010
- Subject:
- Philosophy, History of Philosophy, Ancient Philosophy
The three turning points that were studied in chapters 6‐8 are facets of a major turning point in Averroes' thought that led to the consolidation of his ‘Aristotelian atomism’. Chapter 9 examines the ...
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The three turning points that were studied in chapters 6‐8 are facets of a major turning point in Averroes' thought that led to the consolidation of his ‘Aristotelian atomism’. Chapter 9 examines the arguments that were made in the previous three chapters about dating of this turning potint, and whether it was associated with the writing of the middle commentary or with the writing of the long. The data is very confusing. The conclusion, stated in Chapter 9, is that the turning point could have been influenced by his arguments with the mutakallimūn around 1180 and that Averroes worked out his new physics when he was writing the long commentary. At this stage he looked for the writings of Alexander and tried to find support in them. The revisions of all three commentaries were made after the writing of the long commentary.Less
The three turning points that were studied in chapters 6‐8 are facets of a major turning point in Averroes' thought that led to the consolidation of his ‘Aristotelian atomism’. Chapter 9 examines the arguments that were made in the previous three chapters about dating of this turning potint, and whether it was associated with the writing of the middle commentary or with the writing of the long. The data is very confusing. The conclusion, stated in Chapter 9, is that the turning point could have been influenced by his arguments with the mutakallimūn around 1180 and that Averroes worked out his new physics when he was writing the long commentary. At this stage he looked for the writings of Alexander and tried to find support in them. The revisions of all three commentaries were made after the writing of the long commentary.
George J. Mailath and Larry Samuelson
- Published in print:
- 2006
- Published Online:
- January 2007
- ISBN:
- 9780195300796
- eISBN:
- 9780199783700
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195300796.003.0016
- Subject:
- Economics and Finance, Behavioural Economics
This argument extends the reputation results of the previous chapter to games in which both players are long-lived. The argument here is complicated by the intertemporal incentives that now appear in ...
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This argument extends the reputation results of the previous chapter to games in which both players are long-lived. The argument here is complicated by the intertemporal incentives that now appear in the choices of the (long-lived) uninformed player. While the results are accordingly somewhat weaker, they again take the form of lower bounds on the payoff of a sufficiently patient long-lived player whose type is subject to some uncertainty. Relatively strong payoff bounds are obtained for games with conflicting interests, games of imperfect monitoring, and games with sophisticated commitment types.Less
This argument extends the reputation results of the previous chapter to games in which both players are long-lived. The argument here is complicated by the intertemporal incentives that now appear in the choices of the (long-lived) uninformed player. While the results are accordingly somewhat weaker, they again take the form of lower bounds on the payoff of a sufficiently patient long-lived player whose type is subject to some uncertainty. Relatively strong payoff bounds are obtained for games with conflicting interests, games of imperfect monitoring, and games with sophisticated commitment types.
Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199296859
- eISBN:
- 9780191603853
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199296855.003.0001
- Subject:
- Economics and Finance, Econometrics
This chapter introduces the long-run structural approach to modelling. It makes brief comparisons with the key alternative approaches, namely large-scale simultaneous equation models, unrestricted ...
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This chapter introduces the long-run structural approach to modelling. It makes brief comparisons with the key alternative approaches, namely large-scale simultaneous equation models, unrestricted and structural VARs, dynamic stochastic general equilibrium models, and New Keynesian models. The strengths of the long-run structural modelling approach are summarized and the organization of the book is described.Less
This chapter introduces the long-run structural approach to modelling. It makes brief comparisons with the key alternative approaches, namely large-scale simultaneous equation models, unrestricted and structural VARs, dynamic stochastic general equilibrium models, and New Keynesian models. The strengths of the long-run structural modelling approach are summarized and the organization of the book is described.
Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199296859
- eISBN:
- 9780191603853
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199296855.003.0002
- Subject:
- Economics and Finance, Econometrics
This chapter describes some alternative approaches to macroeconometric modelling, focusing on the long-run characteristics of macroeconomic models and the consensus that has developed surrounding ...
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This chapter describes some alternative approaches to macroeconometric modelling, focusing on the long-run characteristics of macroeconomic models and the consensus that has developed surrounding desirable long-run properties. It also considers the effectiveness of the different approaches in their attempts to test and incorporate the long-run properties into models in practice.Less
This chapter describes some alternative approaches to macroeconometric modelling, focusing on the long-run characteristics of macroeconomic models and the consensus that has developed surrounding desirable long-run properties. It also considers the effectiveness of the different approaches in their attempts to test and incorporate the long-run properties into models in practice.
Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199296859
- eISBN:
- 9780191603853
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199296855.003.0003
- Subject:
- Economics and Finance, Econometrics
This chapter describes a framework for macroeconometric modelling, which draws out the links with economic theory relating to the long run and with theory relating to the short run. It elaborates a ...
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This chapter describes a framework for macroeconometric modelling, which draws out the links with economic theory relating to the long run and with theory relating to the short run. It elaborates a modelling strategy that can be employed to accommodate directly the theory of the long run, and notes the ways in which short-run theory can also be accommodated in national and global models. Recent literature on modelling short-run dynamics is reviewed, highlighting the difficulties in obtaining consensus on appropriate short-run restrictions and commenting on the approaches taken in the literature in examining policy shocks in general, and monetary policy in particular.Less
This chapter describes a framework for macroeconometric modelling, which draws out the links with economic theory relating to the long run and with theory relating to the short run. It elaborates a modelling strategy that can be employed to accommodate directly the theory of the long run, and notes the ways in which short-run theory can also be accommodated in national and global models. Recent literature on modelling short-run dynamics is reviewed, highlighting the difficulties in obtaining consensus on appropriate short-run restrictions and commenting on the approaches taken in the literature in examining policy shocks in general, and monetary policy in particular.
Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199296859
- eISBN:
- 9780191603853
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199296855.003.0004
- Subject:
- Economics and Finance, Econometrics
This chapter describes a specific theoretical framework for the macroeconomic modelling of a small open economy, emphasizing stock-flow equilibria, accounting identities, and arbitrage conditions. It ...
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This chapter describes a specific theoretical framework for the macroeconomic modelling of a small open economy, emphasizing stock-flow equilibria, accounting identities, and arbitrage conditions. It describes how the framework can be embedded within a macroeconometric model, noting the testable restrictions on the long-run relations suggested by the theory.Less
This chapter describes a specific theoretical framework for the macroeconomic modelling of a small open economy, emphasizing stock-flow equilibria, accounting identities, and arbitrage conditions. It describes how the framework can be embedded within a macroeconometric model, noting the testable restrictions on the long-run relations suggested by the theory.
Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199296859
- eISBN:
- 9780191603853
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199296855.003.0009
- Subject:
- Economics and Finance, Econometrics
This chapter describes the empirical work underlying the construction of the UK model, discusses the results obtained from testing its long-run properties, and compares the model with benchmark ...
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This chapter describes the empirical work underlying the construction of the UK model, discusses the results obtained from testing its long-run properties, and compares the model with benchmark univariate models of the variables. The description of the modelling work not only provides one of the first examples of the use of the long-run structural cointegrating VAR techniques in an applied context, but it also includes a discussion of bootstrap experiments designed to investigate the small-sample properties of the tests employed.Less
This chapter describes the empirical work underlying the construction of the UK model, discusses the results obtained from testing its long-run properties, and compares the model with benchmark univariate models of the variables. The description of the modelling work not only provides one of the first examples of the use of the long-run structural cointegrating VAR techniques in an applied context, but it also includes a discussion of bootstrap experiments designed to investigate the small-sample properties of the tests employed.
Richard Coopey and Donald Clarke
- Published in print:
- 1995
- Published Online:
- October 2011
- ISBN:
- 9780198289449
- eISBN:
- 9780191684708
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198289449.003.0001
- Subject:
- Business and Management, Business History
This chapter provides a historical perspective of the development of 3i and its impact on British industry. The institution, established initially as the Industrial and Commercial Finance Corporation ...
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This chapter provides a historical perspective of the development of 3i and its impact on British industry. The institution, established initially as the Industrial and Commercial Finance Corporation and commonly known by its initials, has come a long way since its origins in the aftermath of the Second World War, although it has never lost sight of its original purpose — to serve the small- and medium-sized company sector by providing the long-term and permanent capital which larger companies are able to raise through the capital markets. This book includes a series of case studies illustrating particular aspects of 3i's investment method, aiming to give due weight to the relationship with its customers without distracting attention from the main narrative.Less
This chapter provides a historical perspective of the development of 3i and its impact on British industry. The institution, established initially as the Industrial and Commercial Finance Corporation and commonly known by its initials, has come a long way since its origins in the aftermath of the Second World War, although it has never lost sight of its original purpose — to serve the small- and medium-sized company sector by providing the long-term and permanent capital which larger companies are able to raise through the capital markets. This book includes a series of case studies illustrating particular aspects of 3i's investment method, aiming to give due weight to the relationship with its customers without distracting attention from the main narrative.
John Ameriks and Olivia S. Mitchell
- Published in print:
- 2008
- Published Online:
- January 2009
- ISBN:
- 9780199549108
- eISBN:
- 9780191720734
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199549108.003.0001
- Subject:
- Business and Management, Pensions and Pension Management
As Baby Boomers move into their 60s, they are focusing policymaker and media attention on how their generation will manage the retirement phase of their lifetime. This book acknowledges that many, ...
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As Baby Boomers move into their 60s, they are focusing policymaker and media attention on how their generation will manage the retirement phase of their lifetime. This book acknowledges that many, though not all, in this older cohort have accumulated substantial assets, so for them, the question is what will they do with what they have? It provides a detailed exploration of how people entering retirement will deploy their accumulated assets in the near and long term, so to best meet their myriad spending, investment, and other objectives.Less
As Baby Boomers move into their 60s, they are focusing policymaker and media attention on how their generation will manage the retirement phase of their lifetime. This book acknowledges that many, though not all, in this older cohort have accumulated substantial assets, so for them, the question is what will they do with what they have? It provides a detailed exploration of how people entering retirement will deploy their accumulated assets in the near and long term, so to best meet their myriad spending, investment, and other objectives.
W. M. Jacob
- Published in print:
- 2007
- Published Online:
- September 2007
- ISBN:
- 9780199213009
- eISBN:
- 9780191707179
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199213009.001.0001
- Subject:
- Religion, Church History
This book focuses upon the clergy of the established Church in England and Wales as a professional group, and investigates their role in their parishes and society during the ‘long 18th century’ ...
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This book focuses upon the clergy of the established Church in England and Wales as a professional group, and investigates their role in their parishes and society during the ‘long 18th century’ between 1680 and 1840. It concentrates on the ‘lower clergy’, that is parish clergy, and their role within the broader social context of later Stuart and Georgian society. It considers the nature of professions during the period, and examines the social backgrounds; recruitment and selection; education, at school and university or otherwise; career development; and finances of the clergy. It also investigates what they actually did in their parishes in terms of conducting worship, exercising pastoral care, and providing education in the Christian faith, and their relations with the people amongst whom they lived and worked. It takes account of changing expectations during the period, especially the pressure for, and steps towards, ‘reform’ from the 1780s onwards, and, where possible, offers comparisons with people in other professions, especially doctors, lawyers, and ministers of dissenting churches. It also considers the evidence of the accountability and acceptability of the clergy to their congregations, and the extent of anticlericalism, and the means by which they were supervised by bishops and their officers. The clergy emerge as the most carefully recruited and educated of the ‘learned professions’ with a strong supervisory role exercised by bishops, in relation to a generally responsive but not uncritical or subservient laity. The book effectively challenges the received view that the majority of the clergy were inappropriately educated, poverty-stricken, and inattentive to their canonical duties.Less
This book focuses upon the clergy of the established Church in England and Wales as a professional group, and investigates their role in their parishes and society during the ‘long 18th century’ between 1680 and 1840. It concentrates on the ‘lower clergy’, that is parish clergy, and their role within the broader social context of later Stuart and Georgian society. It considers the nature of professions during the period, and examines the social backgrounds; recruitment and selection; education, at school and university or otherwise; career development; and finances of the clergy. It also investigates what they actually did in their parishes in terms of conducting worship, exercising pastoral care, and providing education in the Christian faith, and their relations with the people amongst whom they lived and worked. It takes account of changing expectations during the period, especially the pressure for, and steps towards, ‘reform’ from the 1780s onwards, and, where possible, offers comparisons with people in other professions, especially doctors, lawyers, and ministers of dissenting churches. It also considers the evidence of the accountability and acceptability of the clergy to their congregations, and the extent of anticlericalism, and the means by which they were supervised by bishops and their officers. The clergy emerge as the most carefully recruited and educated of the ‘learned professions’ with a strong supervisory role exercised by bishops, in relation to a generally responsive but not uncritical or subservient laity. The book effectively challenges the received view that the majority of the clergy were inappropriately educated, poverty-stricken, and inattentive to their canonical duties.
Fred Campano and Dominick Salvatore
- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780195300918
- eISBN:
- 9780199783441
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195300912.003.0013
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Income distribution models can be incorporated in all kinds of data-based economic macro-models. This chapter shows how this may be accomplished in long- and short-term econometric models. An ...
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Income distribution models can be incorporated in all kinds of data-based economic macro-models. This chapter shows how this may be accomplished in long- and short-term econometric models. An introduction to SAM-based models is also given.Less
Income distribution models can be incorporated in all kinds of data-based economic macro-models. This chapter shows how this may be accomplished in long- and short-term econometric models. An introduction to SAM-based models is also given.
