We explore the uncertainty in projections of emissions, and costs of atmospheric stabilization applying the MIT Emissions Prediction and Policy Analysis (EPPA) model, a computable general equilibrium model of the global economy. Monte Carlo simulation with Latin Hypercube Sampling is applied to draw 400 samples from probability distributions for 100 parameters in the EPPA model, including labor...

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This paper analyzes the dynamic eff ects of anticipated and unanticipated oil price increases in a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private absorption. Common external oil price disturbances lead in this asymmetric macroeconomic setup to temporary divergences in output development...

Six hens pecked a key (Experiment 1) or pushed a door (Experiment 2) to obtain food reinforcement. In both experiments and as an analogue of price changes, the response requirements were varied in two ways: by increasing the number of responses required and by increasing the required force of each response. The two price manipulations (response number and response force) had different effects o...

Rural-to-urban labor migration has been occurring even when the expected income is lower in urban than in rural areas, and a stream of literature has indicated that migration is taken as a strategy to manage income risks. However, to fully understand migrations in developing countries, it is important to understand individual attitudes towards all sources of risk, i.e., income risk as well as s...

In the United States, eradication of persistent federal deficits has won broad bipartisan support. At the same time, political pressures have mounted to strengthen the Federal Reserve's explicit concern with price stability. Proposals under consideration would require a much narrower focus on the part of Fed policymakers, and could be interpreted as targeting the price level rather than a negli...

During the past two decades, maintenance of low inflation, “price stability,” has become the principal focus of central banks around the world. At the same time, the view has emerged that monetary policy is better suited than fiscal policy for short-run stabilization purposes. This paper examines to what extent monetary policy can be directed at both “monetary stabilization,” stabilizing inflat...

871 Dianon Stabilization by (M(C5(CH3)5)2)+: Theoretical Evidence for a Localized Ring in (DDQ)2-: J. S. MILLER AND D. A. DIXON 873 Conservation of Brain Amyloid Proteins in Aged Mammals and Humans with Alzheimer's Disease: D. J. SELKOE, D. S. BELL, M. B. PODLISNY, D. L. PRICE, L. C. CoRK 877 Characterization and Chromosomal Localization of a cDNA Encoding Brain Amyloid of Alzheimer's Disease: ...