Contemporary Economic Policy

Articles from Vol. 26, No. 4, October

Are Financial Sector Policies Effective in Deepening the Malaysian Financial System?
I. INTRODUCTION Since the emergence of the new theories of endogenous economic growth in the past two decades, financial development has been the subject of considerable research interest (e.g., Bencivenga and Smith, 1991, 1993; King and Levine,...
Bank Efficiency and the Effectiveness of Monetary Policy
1. INTRODUCTION This paper examines how bank efficiency affects the bank lending channel of monetary policy transmission. We define efficiency as providing more financial services output per unit of input, that is, a larger marginal product at every...
Does Money Matter for Inflation in the Euro Area?
1. INTRODUCTION The interest in monetary analysis in the euro area has considerably increased since some studies raised substantial doubts about the existence of a stable long-run money demand function, which seemed to be firmly established with...
Estimating the Impact of Beer Prices on the Incidence of Sexually Transmitted Diseases: Cross-Province and Time Series Evidence from Canada
1. INTRODUCTION Risky sexual activity can result in significant societal costs. Specifically, sex without proper protection might ultimately lead to an increase in the incidence of sexually transmitted diseases (STDs) and therefore considerable...
Immigrant Selection Systems and Immigrant Health
I. INTRODUCTION Countries with a history of large immigration movements have typically required some type of formal health screening as part of the immigration process. (1) In the United States, the Immigration Act of 1882 banned entry of persons...
Incentive Issues in R&D Consortia: Insights from Applied Game Theory
I. INTRODUCTION A. Aims and Premise How can applied game theory help analysts understand Research and Development (R&D) consortia? Our basic premise is as follows. We view institutions such as R&D consortia as mechanisms for dealing with...
Interactions between Welfare Caseloads and Local Labor Markets
I. INTRODUCTION Welfare reform and the introduction of work requirements have generated considerable interest in the consequences of the post-Aid to Families with Dependent Children (AFDC) policy regimes that spread across the states in the 1990s....
University Cost Structure in Taiwan
1. INTRODUCTION The financial plight and plunging quality of higher education has dominated the current debate about educational reforms in Taiwan. The debate has provided a forum on the issues of the economic behavior of institutions of higher...
What Determines the "Legal" Quality of Bank Regulation and Supervision?
I. INTRODUCTION This article provides an empirical test of the view that institutional changes are equilibrium outcomes that emerge in accordance with the general institutional environment that includes informal rules. Institutional change is said...
Why Wait?: Examining Delayed WIC Participation among Pregnant Women
1. INTRODUCTION The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) provides nutritious foods, nutrition counseling, and referrals to health and other social services to low-income women and their infants and children...
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