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Global House Price Fluctuations
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these questions, we first estimate the global components in house prices and various macroeconomic and financial variables. We then evaluate the roles played by a variety of global shocks, including shocks to interest rates, monetary policy, productivity, credit, and uncertainty, in explaining house price fluctuations using a wide range of FAVAR models. We find that house prices are synchronized across countries, and the degree of synchronization has increased over time. Global interest rate shocks tend to have a significant negative effect on global house prices whereas global monetary policy shocks per se do not appear to have a sizeable impact. Interestingly, uncertainty shocks seem to be important in explaining fluctuations in global house prices.
Ultrasound of the Shoulder
The objective of this book is to provide authoritative, critically reviewed, and up-to-date information on diagnostic shoulder ultrasound. The volume contains more than 500 high-quality images to elucidate key concepts, provides extensive MRI correlation, includes a comprehensive list of references, and offers online access to illustrative videos on dynamic findings. It also integrates basic and clinical science, and is full of personal perspectives on established and controversial topics, which are essential in a field of medicine so dependent upon the intelligent integration of subjective data. Hope you enjoy. Have a nice reading.
Triticale
Triticale crop species has received substantial research support since the mid-20th century making it a commercial success in many countries, in diverse value propositions. However, no recent book captures the new knowledge and progresses made in more than 2 decades. The purpose of this work is to review and collate the new knowledge of triticale plant biology and agronomy, while considering the contribution of biotechnology enablers such as molecular markers, doubled haploid technology and genetic engineering in breeding for traits important for crop production, feed, food and industrial end-uses.
Distillers Grains
In recent years, there has been a dramatic increase in grain-based fuel ethanol production in North America and around the world. Whether such production will result in a net energy gain or whether this is sustainable in the long term is under debate, but undoubtedly millions of tons of non-fermented residues are now produced annually for global tr
Community Based Disaster Risk Reduction
Deals with the topic of Community Based Disaster Risk Reduction (CBDRR). This book provides an overview of the subject and looks at the role of governments, NGOs, academics and corporate sectors in community based disaster risk reduction. It examines experiences from Asian and African countries.
Sustainable Development Goals
A global assessment of potential and anticipated impacts of efforts to achieve the SDGs on forests and related socio-economic systems. This title is available as Open Access via Cambridge Core.
Applied Mathematics, Computational Science and Engineering
2014 International Conference on Applied Mathematics, Computational Science & Engineering (AMCSE 2014)
The Role of Productivity, Transportation Costs, and Barriers to Intersectoral Mobility in Structural Transformation
The process of economic development is characterized by substantial reallocations of resources across sectors. In this paper, we construct a multi-sector model in which there are barriers to the movement of labor from low-productivity traditional agriculture to modern sectors. With the barrier in place, we show that improvements in productivity in modern sectors (including agriculture) or reductions in transportation costs may lead to a rise in agricultural employment and through terms-oftrade effects may harm subsistence farmers if the traditional subsistence sector is larger than a critical level. This suggests that policy advice based on the earlier literature needs to be revised. Reducing barriers to mobility (through reductions in the cost of skill acquisition and institutional changes) and improving the productivity of subsistence farmers needs to precede policies designed to increase the productivity of modern sectors or decrease transportation costs.
The Effects of COVID-19 Vaccines on Economic Activity
This paper empirically examines the economic effects of COVID-19 vaccine rollouts using a cross-country daily database of vaccinations and high frequency indicators of economic activity—nitrogen dioxide (NO2) emissions, carbon monoxide (CO) emissions, and Google mobility indices—for a sample of 46 countries over the period December 16, 2020 to June 20, 2021. Using surprises in vaccines administered, we find that an unexpected increase in vaccination per capita is associated with a significant increase in economic activity. We also find evidence for non-linear effects of vaccines, with the marginal economic benefits being larger when vaccination rates are higher. Country-specific conditions play an important role, with lower economic gains if strict containment measures are in place or if the country is experiencing a severe outbreak. Finally, the results provide evidence of spillovers across borders, highlighting the importance of equitable access to vaccines across nations.
