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Estimates of Potential Output and the Neutral Rate for the U.S. Economy
Estimates of potential output and the neutral short-term interest rate play important roles in policy making. However, such estimates are associated with significant uncertainty and subject to significant revisions. This paper extends the structural multivariate filter methodology by adding a monetary policy block, which allows estimating the neutral rate of interest for the U.S. economy. The addition of the monetary policy block further improves the reliability of the structural multivariate filter.
Land, Poverty and Livelihoods in an Era of Globalization
A host of internationally eminent scholars are brought together here to explore the structural causes of rural poverty and income inequality, as well as the processes of social exclusion and political subordination encountered by the peasantry and rural workers across a wide range of countries. This volume examines the intersection of politics and economics and provides a critical analysis and framework for the study of neo-liberal land policies in the current phase of globalization. Utilizing new empirical evidence from ten countries, it provides an in-depth analysis of key country studies, a comparative analysis of agrarian reforms and their impact on rural poverty in Africa, Asia, Latin America and transition countries. Presenting an agrarian reform policy embedded in an appropriate development strategy, which is able to significantly reduce and hopefully eliminate rural poverty, this work is a key resource for postgraduate students studying in the areas of development economics, development studies and international political economy.
Cultural, Linguistic and Ethnological Interrelations In and Around Armenia
The geographical region of the Southern Caucasus, the lowlands between the Black and the Caspian Sees and the Armenian and Anatolian highlands is located on the peripheries of Europe from Asia. This region shares a common pre-history, with pre-Christian and pre-Muslim cultures and beliefs. The later periods, however, starting from the pre-Christian Iranian dominations, followed by the Arab conquest and the later campaigns of Seljuks, Mongols and Ottomans, had a heavy impact on the development of the region’s various ethnic languages and cultures. Nevertheless, many similarities can be found in the languages, cultures and religious traditions of the people living in this region. Armenia has...
A History of Women in Christianity to 1600
An overarching history of women in the Christian Church from antiquity to the Reformation, perfect for advanced undergraduates and seminary students alike A History of Women in Christianity to 1600 presents a continuous narrative account of women’s engagement with the Christian tradition from its origins to the seventeenth century, synthesizing a diverse range of scholarship into a single, easily accessible volume. Locating significant individuals and events within their historical context, this well-balanced textbook offers an assessment of women’s contributions to the development of Christian doctrine while providing insights into how structural and environmental factors have shaped wo...
Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis
This paper extends the multivariate filter approach of estimating potential output developed by Alichi and others (2018) to incorporate labor market hysteresis. This extension captures the idea that long and deep recessions (expansions) cause persistent damage (improvement) to the labor market, thereby reducing (increasing) potential output. Applying the model to U.S. data results in significantly smaller estimates of output gaps, and higher estimates of the NAIRU, after the global financial crisis, compared to estimates without hysteresis. The smaller output gaps partly explain the absence of persistent deflation despite the slow recovery during 2010-2017. Going forward, if strong growth performance continues well beyond 2018, hysteresis is expected to result in a structural improvement in growth and employment.
JavaScript Domain-Driven Design
JavaScript backs some of the most advanced applications. It is time to adapt modern software development practices from JavaScript to model complex business needs. JavaScript Domain-Driven Design allows you to leverage your JavaScript skills to create advanced applications. You'll start with learning domain-driven concepts and working with UML diagrams. You'll follow this up with how to set up your projects and utilize the TDD tools. Different objects and prototypes will help you create model for your business process and see how DDD develops common language for developers and domain experts. Context map will help you manage interactions in a system. By the end of the book, you will learn to use other design patterns such as DSLs to extend DDD with object-oriented design base, and then get an insight into how to select the right scenarios to implement DDD.
Modality-aspect Interfaces
The main topics pursued in this volume are based on empirical insights derived from Germanic: logical and typological dispositions about aspect-modality links. These are probed in a variety of non-related languages. The logically establishable links are the following: Modal verbs are aspect sensitive in the selection of their infinitival complements embedded infinitival perfectivity implies root modal reading, whereas embedded infinitival imperfectivity triggers epistemic readings. However, in marked contexts such as negated ones, the aspectual affinities of modal verbs are neutralized or even subject to markedness inversion. All of this suggests that languages that do not, or only partially, bestow upon full modal verb paradigms seek to express modal variations in terms of their aspect oppositions. This typological tenet is investigated in a variety of languages from Indo-European (German, Slavic, Armenian), African, Asian, Amerindian, and Creoles. Seeming deviations and idiosyncrasies in the interaction between aspect and modality turn out to be highly rule-based.
99 - All you should know about the Genocide
The book 99 is part of the Recognize 1915 project, dedicated to the 100th anniversary of the Armenian Genocide, due in 2015. We believe that every person, irrespective of nationality, must recognize and condemn such crimes against humanity. Only by spreading awareness we may achieve a day when all genocides are only in past.
Ադամամութ
Մի ընտանիքի ավելի քան կեսդարյա պատմությունն է ընդգրկում վեպը, պատմություն, որ սկսվելով դարասկզբից՝ հասնում է մինչև մեր օրերը։ Հետևելով դժվար ճակատագրի տեր իր հերոսների կյանքին՝ հեղինակը հաստատում է կարևոր մի միտք. ներկայի ամեն մի պահը անցյալի շարունակությունն է ու վաղվա սկիզբը՝ պատմության առաջ պատասխանատու է ամեն ոք։
Տեղատվություն
«Տեղատվություն» վեպը շոշափում է մարդու բարոյական նկարագրի և անհատի ու հասարակության փոխհարաբերության խնդիրները։ Վեպը հումորի ու սատիրայի լեզվով, այլաբանական ու իրապատում տարրերի միահյուսումով պատմում է, թե ինչ կարող է պատահել մարդուն, որը ներքին տեղատվություն է ապրում, մոռանում հասարակության հանդեպ իր պարտականությունները։
