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  • 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

  • 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