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Getting Into the Nitty-Gritty of Fiscal Multipliers: Small Details, Big Impacts
Despite the remarkable progress the literature has made throughout the past years in studying fiscal multipliers, estimates still vary considerably across studies. Partly, estimates differ because of context-specific variables that affect multipliers, but also because of the lack of a standardized framework to calculate and report them, making comparisons among studies hard to make. In this paper, we use a large panel of countries to study how some important methodological details affect the empirical estimates. Focusing on emerging economies, we show how slight changes in the filtering approach of fiscal forecast errors or the accumulation procedure of responses can significantly impact estimates. We emphasize that one of the most important features of estimating multipliers is the endogenous dynamic responses of fiscal variables to fiscal shocks, and therefore we argue against reporting multipliers as simply the output response to exogenous fiscal innovations. Although our baseline results are in line with the previous studies, our standardized framework allow us to make fairer comparisons of multiplier estimates across budgetary items and country income groups.
Short and Variable Lags
We study the transmission of monetary policy shocks using daily consumption, corporate sales and employment series. We find that the economy responds at both short and long lags that are variable in economically significant ways. Consumption reacts in one week, reaches a local trough in one quarter, recovers, and declines again after three quarters. Sales follow a similar pattern, but the initial drop, while delayed (one month), is deeper. In contrast, employment falls monotonically for five quarters albeit with a smaller impact reaction. We show that these short lags are masked by time aggregation at lower -- quarterly -- frequencies.
Proceedings on 25th International Joint Conference on Industrial Engineering and Operations Management – IJCIEOM
This book presents the conference proceedings of the 25th edition of the International Joint Conference on Industrial Engineering and Operations Management. The conference is organized by 6 institutions (from different countries and continents) that gather a large number of members in the field of operational management, industrial engineering and engineering management. This edition of the conference had the title: THE NEXT GENERATION OF PRODUCTION AND SERVICE SYSTEMS in order to emphasis unpredictable and very changeable future. This conference is aimed to enhance connection between academia and industry and to gather researchers and practitioners specializing in operation management, industrial engineering, engineering management and other related disciplines from around the world.
Saúde loucura 6
SaúdeLoucura 6 aborda a subjetividade segundo diversas perspectivas, de biólogos, imunologistas, antropólogos, educadores, psicólogos, sociólogos, filósofos. Os diversos autores tratam dos laços entre subjetividade e ética, cultura, arte, sociedade, trabalho, espaço urbano, poder, e entre psicologia e biologia. Falam das noções de identidade, cognição, tempo e discutem experiências.
Agricultural, Biosystems, and Biological Engineering Education
Agricultural engineering, developed as an engineering discipline underpinned by physics, applies scientific principles, knowledge, and technological innovations in the agricultural and food industries. During the last century, there was exponential growth in engineering developments, which has improved human wellbeing and radically changed how humans interact with each other and our planet. Among these, “Agricultural Mechanization” is ranked among the top 10 in a list of 20 Top Engineering Achievements of the last century that have had the greatest impact on the quality of life. While many success stories abound, the problems of low appeal among students, identity crises, and limited job...
Democracy after the Internet - Brazil between Facts, Norms, and Code
This book throws new light on the way in which the Internet impacts on democracy. Based on Jürgen Habermas’ discourse-theoretical reconstruction of democracy, it examines one of the world’s largest, most diverse but also most unequal democracies, Brazil, in terms of the broad social and legal effects the internet has had. Focusing on the Brazilian constitutional evolution, the book examines how the Internet might impact on the legitimacy of a democratic order and if, and how, it might yield opportunities for democratic empowerment. The book also assesses the ways in which law, as an institution and a system, reacts to the changes and challenges brought about by the Internet: the ways in which law may retain its strength as an integrative force, avoiding a ‘virtual’ legitimacy crisis.
Asymmetry as a Foundational and Functional Requirement in Human Movement
This book describes the structural and functional asymmetries in human body movement by providing cases and examples using illustrations and easy-to-understand scenarios. Specifically, it adopts an evidence-based approach to demonstrate (i) the role of structural (e.g., bone dimensions) and functional (e.g., hemispheric dominance) asymmetries in the human body; (ii) the asymmetric nature of most daily activities (e.g., gait, mastication); (iii) the benefits of asymmetry for physical performance; and (iv) the role of asymmetry in preventing injury. More than just a scientific book, it bridges the gap between theory and practice, and includes practical examples and applications. The book appeals to academics and practitioners in the fields of kinesiology, human movement, sports sciences, strength and conditioning, and physiotherapy.
The Metal-Driven Biogeochemistry of Gaseous Compounds in the Environment
MILS-14 provides a most up-to-date view of the exciting biogeochemistry of gases in our environment as driven mostly by microorganisms. These employ a machinery of sophisticated metalloenzymes, where especially transition metals (such as Fe, Ni, Cu, Mo, W) play a fundamental role, that is, in the activation, transformation and syntheses of gases like dihydrogen, methane, carbon monoxide, acetylene and those of the biological nitrogen and sulfur cycles. The Metal-Driven Biogeochemistry of Gaseous Compounds in the Environment is a vibrant research area based mainly on structural and microbial biology, inorganic biological chemistry and environmental biochemistry. All this is covered in an auth...
