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  • The effects of oil price shocks on U.S. inflation

    Creator:
    Kilfoil, Natasha M.
    Abstract:
    During the 1970’s the United States experienced several periods of high inflation that have been at least partially attributed to positive oil price shocks. The effectiveness of the Organization of Petroleum Exporting Countries at controlling the price of oil has varied over time, as well as the responsiveness of U.S....
    Resource Type:
    Honors College Thesis
    Full Text:
    , 2006. Title: The Effects of Oil Price Shocks on U.S. Inflation. Abstract approved: Bruce McGough

  • Parking policy with heterogeneous agents

    Creator:
    Spratt, Jake
    Abstract:
    This paper investigates the potential welfare gains resulting from variable parking fees in the presence of heterogeneous agents. We begin by defining a modified linear city model with two lots located at separate distances from a central business district, and two types of agents with heterogeneous values of time. Agents...
    Resource Type:
    Masters Thesis
    Full Text:
    Abstract approved: Bruce M. McGough This paper investigates the potential welfare gains resulting from

  • Dangerous Cake

    Creator:
    Atkinson, Nathan L.
    Abstract:
    We explore the limitations of the CRRA utility speci cation as applied to cake-eating problems. We construct a set of conditions under which cake- eating problems have no optimal solution. Furthermore, we explore how agents choose their consumption path when an optimization problem has no solution, and suggest a method...
    Resource Type:
    Honors College Thesis
    Full Text:
    Cake. Abstract Approved: Bruce McGough Abstract We explore the limitations of the CRRA utility

  • Policy Shifting at the Federal Reserve Bank: A Punctuated-Equilibrium Perspective

    Creator:
    Campbell, Michael
    Abstract:
    A considerable amount of research and literature exists that attempt to explain the policymaking processes of central banks and, in particular, the Federal Reserve Bank (FRB). As with those studies, the purpose of this study is to explain FRB policymaking in order to understand FRB policy shifts during financial crises....
    Resource Type:
    Capstone Project
    Full Text:
    . Campbell presented on May 28, 2010 APPROVED: Professor Bruce McGough, representing

  • Expectational Stability of Sunspot Equilibria in Non-Convex Economies

    Creator:
    McGough, Bruce, Meng, Qinglai, and Xue, Jianpo
    Abstract:
    We examine the stability under learning (E-stability) of sunspot equilibria in non-convex real business cycle models. The production technology is Cobb- Douglas with externalities generated by factor inputs. We establish that, with a general utility function, the well-known Benhabib-Farmer condition (Benhabib and Farmer, 1994) – that the labor-demand curve is...
    Resource Type:
    Article
    Full Text:
    Economies Bruce McGougha, Qinglai Menga and Jianpo Xueb aDepartment of Economics, Oregon State Univeristy

  • Optimally managing a stochastic renewable resource under general economic conditions

    Creator:
    McGough, Bruce, Plantinga, Andrew J., and Costello, Christopher
    Abstract:
    Empirical evidence indicates that environmental fluctuations have important effects on fisheries production. However, existing analytical solutions of stochastic fisheries models have been produced only under highly simplified economic and biological conditions. The main contribution of this paper is to derive under general conditions a policy function for the management of...
    Resource Type:
    Article
    Full Text:
    Economic Conditions Bruce McGough∗ Andrew J. Plantinga† Christopher Costello‡ ∗Oregon State University

  • The effect of energy efficiency on the demand for heat

    Creator:
    Cleland, Andrew L.
    Abstract:
    Increased efficiency of household energy-using appliances effectively lowers the price of the services these devices provide. Basic consumer theory predicts that ceteris paribus, these lower prices will increase usage, thus making the effect on total energy demand ambiguous. In the literature, this phenomenon has been called the rebound effect. In...
    Resource Type:
    Masters Thesis
    Full Text:
    through this process, as well as to committee members Shawna Grosskopf and Bruce McGough

  • Essays on ethanol-driven corn demand and crop choice

    Creator:
    Marshall, Kandice Kleiber
    Abstract:
    Two essays are focused on crop choice and the growth of corn production in the Corn Belt and surrounding areas. The first essay develops a partially degenerate nested logit model to examine the effect of price islands and local ethanol capacity on corn production and crop mix. The primary data...
    Resource Type:
    Dissertation
    Full Text:
    -Driven Corn Demand and Crop Choice. Abstract approved: Bruce B. McGough Two essays are focused on crop

  • The effects of population age on trade

    Creator:
    Peterson, Zack T.
    Abstract:
    This paper empirically examines the effects of population aging on international trade using a cross-country panel data set for a select group of 22 OECD countries. Other recent studies have examined the effects of population age on other economic variables such as growth, savings, and investment but none till now...
    Resource Type:
    Masters Thesis
    Full Text:
    time and support, specifically, I would like to thank Patrick Emerson, Ayça Tekin-Koru, and Bruce

  • Essays on behavioral economics

    Creator:
    Cao, Zheng
    Abstract:
    This dissertation consists of two essays that address behavioral economics issues. In first chapter we analyze the effects of psychological pressure on performance using National Basketball Association (NBA) free throw data from the 2002-2003 through 2009-2010 seasons. We find evidence that players choke under pressure – they shoot on average...
    Resource Type:
    Dissertation
    Full Text:
    dissertation would not have been possible. I also especially thank Bruce McGough, Patrick M. Emerson