Business Economics

Professional journal of the National Association of Business Economists covering topics such as macro and microeconomics, monetary and fiscal policy, business forecasting, international economics, and deregulation.

Articles from Vol. 35, No. 4, October

Bribery in International Business Transactions and the OECD Convention: Benefits and Limitations
This article reviews common reasons why multinational firms have given questionable payments to foreign officials, noting that unsavory business practices have been extremely difficult to change. In-depth interviews with academics and executives examine...
Diminishing Treasury Supply: Implications and Benchmark Alternatives
THE TREASURY CURVE DISTORTION THROWS ANALYSTS A CURVE BALL AND SENDS MARKET PARTICIPANTS SCRAMBLING FOR NEW BENCHMARKS. Over the last year, the fixed income markets have become increasingly subject to technical distortions as the development of...
Economic Implications of the Human Genome Project
Understanding the human genome is likely to he one of the major scientific accomplishments of the early 21st century. [1] Its implications promise to be profound and far-reaching. The purposes of this article are to place the human genome project (HGP)...
From the Editor
As promised in the July issue, much of this issue explores implications, possible solutions, and prognosis concerning the reduction--and possible disappearance--of U.S. Treasury debt. Of course, the prospective demise of Treasury debt is a consequence...
Implementing the New Sample Design for the Current Employment Statistics Survey
In June 1995, the Bureau of Labor Statistics (BLS) announced plans for a comprehensive sample redesign of its monthly payroll survey--the first one ever undertaken in the program's long history, which dates back over sixty years. In June 2000, following...
Life without Treasury Securities
PORTFOLIO MANAGEMENT AND THE NATURE OF FINANCIAL CRISES WOULD BE PROFOUNDLY DIFFERENT. The U.S. Treasury debt may soon be paid off. However, Treasury securities perform vital and difficult-to-replace roles: as riskless assets in portfolios; benchmarks...
The Challenge of Affluence
HOW DO WE ADAPT TO CHANGING TIMES? If economic policymakers behave prudently, the good times in the U.S. can roll on for several more years. The future, however, is likely to be very different from the past, as the expansion's momentum shifts from...
The Demise of the 30-Year Treasury Bond as a Benchmark or Pricing Fixe -- Income Securities
THERE ARE SOME GOOD ALTERNATIVES. With all the drama and finality that the prestigious Wall Street Journal could muster, it declared this past May 3 that the reign of the 30-year Treasury bond as the benchmark for pricing fixed-income securities...
The Global Market for Electric Vehicles
Worldwide sales of electric vehicles are slated to increase at the rate of sixty percent per annum in the coming years. We project global sales of more than one million such vehicles valued at $24 billion in the year 2007. The number of such vehicles...