Sample records for monetary policy rules

  1. Examining the reaction of monetary policy to exchange rate changes: A nonlinear ARDL approach

    NASA Astrophysics Data System (ADS)

    Manogaran, Lavaneesvari; Sek, Siok Kun

    2017-04-01

    Previous studies showed the exchange rate changes can have significant impacts on macroeconomic performance. Over fluctuation of exchange rate may lead to economic instability. Hence, monetary policy rule tends to react to exchange rate changes. Especially, in emerging economies where the policy-maker tends to limit the exchange rate movement through interventions. In this study, we seek to investigate how the monetary policy rule reacts to exchange rate changes. The nonlinear autoregressive distributed lag (NARDL) model is applied to capture the asymmetric effect of exchange rate changes on monetary policy reaction function (interest rate). We focus the study in ASEAN5 countries (Indonesia, Malaysia, Philippines, Thailand and Singapore). The results indicated the existence of asymmetric effect of exchange rates changes on the monetary reaction function for all ASEAN5 countries in the long-run. Where, in majority of the cases the monetary policy is reacting to the appreciation and depreciation of exchange rate by raising the policy rate. This affirms the intervention of policymakers with the `fear of floating' behavior.

  2. Monetary Policy Rules, Supply Shocks, and the Price-Level Elasticity of Aggregate Demand: A Graphical Examination.

    ERIC Educational Resources Information Center

    Kyer, Ben L.; Maggs, Gary E.

    1995-01-01

    Utilizes two-dimensional price and output graphs to demonstrate the way that the price-level elasticity of aggregate demand affects alternative monetary policy rules designed to cope with random aggregate supply shocks. Includes graphs illustrating price-level, real Gross Domestic Product (GDP), nominal GDP, and nominal money supply targeting.…

  3. International Monetary Policy Coordination in a New Keynesian Model with NICE Features

    ERIC Educational Resources Information Center

    Poutineau, Jean-Christophe; Vermandel, Gauthier

    2018-01-01

    The authors provide a static two-country new Keynesian model to teach two related questions in international macroeconomics: the international transmission of unilateral monetary policy decisions and the gains coming from the coordination monetary rules. They concentrate on "normal times" and use a thoroughly graphical approach to…

  4. The asymmetry of U.S. monetary policy: Evidence from a threshold Taylor rule with time-varying threshold values

    NASA Astrophysics Data System (ADS)

    Zhu, Yanli; Chen, Haiqiang

    2017-05-01

    In this paper, we revisit the issue whether U.S. monetary policy is asymmetric by estimating a forward-looking threshold Taylor rule with quarterly data from 1955 to 2015. In order to capture the potential heterogeneity for regime shift mechanism under different economic conditions, we modify the threshold model by assuming the threshold value as a latent variable following an autoregressive (AR) dynamic process. We use the unemployment rate as the threshold variable and separate the sample into two periods: expansion periods and recession periods. Our findings support that the U.S. monetary policy operations are asymmetric in these two regimes. More precisely, the monetary authority tends to implement an active Taylor rule with a weaker response to the inflation gap (the deviation of inflation from its target) and a stronger response to the output gap (the deviation of output from its potential level) in recession periods. The threshold value, interpreted as the targeted unemployment rate of monetary authorities, exhibits significant time-varying properties, confirming the conjecture that policy makers may adjust their reference point for the unemployment rate accordingly to reflect their attitude on the health of general economy.

  5. Integrating Graphing Assignments into a Money and Banking Course Using FRED

    ERIC Educational Resources Information Center

    Staveley-O'Carroll, James

    2018-01-01

    Over the course of one semester, six empirical assignments that utilize FRED are used to introduce students of money and banking courses to the economic analysis required for the conduct of monetary policy. The first five assignments cover the following topics: inflation, bonds and stocks, monetary aggregates, the Taylor rule, and employment.…

  6. Impact of monetary policy changes on the Chinese monetary and stock markets

    NASA Astrophysics Data System (ADS)

    Tang, Yong; Luo, Yong; Xiong, Jie; Zhao, Fei; Zhang, Yi-Cheng

    2013-10-01

    The impact of monetary policy changes on the monetary market and stock market in China is investigated in this study. The changes of two major monetary policies, the interest rate and required reserve ratio, are analyzed in a study period covering seven years on the interbank monetary market and Shanghai stock market. We find that the monetary market is related to the macro economy trend and we also find that the monetary change surprises both of lowering and raising bring significant impacts to the two markets and the two markets respond to the changes differently. The results suggest that the impact of fluctuations is much larger for raising policy changes than lowering changes in the monetary market on policy announcing and effective dates. This is consistent with the “sign effect”, i.e. bad news brings a greater impact than good news. By studying the event window of each policy change, we also find that the “sign effect” still exists before and after each change in the monetary market. A relatively larger fluctuation is observed before the event date, which indicates that the monetary market might have a certain ability to predict a potential monetary change, while it is kept secret by the central bank before official announcement. In the stock market, we investigate how the returns and spreads of the Shanghai stock market index respond to the monetary changes. Evidences suggest the stock market is influenced but in a different way than the monetary market. The climbing of returns after the event dates for the lowering policy agrees with the theory that lowering changes can provide a monetary supply to boost the market and drive the stock returns higher but with a delay of 2 to 3 trading days on average. While in the bear market, the lowering policy brings larger volatility to the market on average than the raising ones. These empirical findings are useful for policymakers to understand how monetary policy changes impact the monetary and stock markets especially in an emerging market like China where the economy is booming and the policy changes impact the markets as surprises by the central bank without a pre-decided schedule. This is totally different from previous studies on FED, which follows pre-decided schedules for monetary policy changes.

  7. Implementation of data security and data privacy provisions will bring sweeping changes to laboratory service providers.

    PubMed

    Boothe, J F

    2000-01-01

    The Health Insurance Portability and Accountability Act included substantial changes involving handling of health information by establishing national standards for electronic transactions, data privacy, and data security. The first final rule for electronic transaction standards was published August 17, 2000. The remaining final rules are expected to be published in Winter 2000. Providers, such as clinical laboratories, will have 26 months from the data of publication to comply. The civil monetary fines for noncompliance are substantial. This article will review the key provisions of the data security and data privacy proposed rules. These provisions will touch virtually every aspect of electronic claims submissions, electronic data transactions, and the electronic storage of medical information. The proposed rules will require a coordinated approach by providers to develop the policies and procedures, and the technical and physical infrastructure to protect health information. Moreover, providers will need to identify a privacy officer, to review existing privacy policies to compare the proposed rule with any existing state laws to determine which may be more stringent, and to develop new policies to address the particular requirements of the final rule.

  8. Comparing the sustainability of different action policy possibilities: application to the issue of both household survival and forest preservation in the corridor of Fianarantsoa.

    PubMed

    Bernard, C; Martin, S

    2013-10-01

    A sustainability issue for the rain forest in the corridor of Fianarantsoa (Madagascar) is to preserve the forest while ensuring the development of the local population. The aim of this paper is to determine whether the current situation is sustainable or not according to different action policy possibilities. We propose a general procedure based on viability analysis: Translation of sustainability issues into constraints on the system state; elaboration of a mathematical model of system evolution rules in the form of controlled dynamical system; computations of the viability kernels according to different action policy possibilities. Among control variables, we focus on monetary transfer. Without monetary transfer, we show that the current situation of the rain forest corridor is not sustainable in our mathematical modeling framework. We then estimate the minimal maximal amount per year necessary to make the current situation sustainable. Copyright © 2013 Elsevier Inc. All rights reserved.

  9. It's Not Your Mother and Father's Monetary Policy Anymore: The Federal Reserve and Financial Crisis Relief

    ERIC Educational Resources Information Center

    Hill, Andrew T.; Wood, William C.

    2011-01-01

    The recent financial crisis brought about dramatic changes in the way that the Federal Reserve, the nation's central bank, conducts monetary policy. One challenge for high school educators going forward will be to strike a balance between the teaching of traditional monetary policy and the teaching of the monetary policy used during these…

  10. Medicare and State Health Care Programs: Fraud and Abuse; Revisions to the Office of Inspector General's Civil Monetary Penalty Rules. Final rule.

    PubMed

    2016-12-07

    This final rule amends the civil monetary penalty (CMP or penalty) rules of the Office of Inspector General to incorporate new CMP authorities, clarify existing authorities, and reorganize regulations on civil money penalties, assessments, and exclusions to improve readability and clarity.

  11. 26 CFR 1.985-8 - Special rules applicable to the European Monetary Union (conversion to euro).

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... Monetary Union (conversion to euro). 1.985-8 Section 1.985-8 Internal Revenue INTERNAL REVENUE SERVICE... Corporations § 1.985-8 Special rules applicable to the European Monetary Union (conversion to euro). (a... Community which is substituted for the euro in accordance with the Treaty establishing the European...

  12. 26 CFR 1.985-8 - Special rules applicable to the European Monetary Union (conversion to euro).

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... Monetary Union (conversion to euro). 1.985-8 Section 1.985-8 Internal Revenue INTERNAL REVENUE SERVICE... Corporations § 1.985-8 Special rules applicable to the European Monetary Union (conversion to euro). (a... Community which is substituted for the euro in accordance with the Treaty establishing the European...

  13. 26 CFR 1.985-8 - Special rules applicable to the European Monetary Union (conversion to euro).

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... Monetary Union (conversion to euro). 1.985-8 Section 1.985-8 Internal Revenue INTERNAL REVENUE SERVICE... Corporations § 1.985-8 Special rules applicable to the European Monetary Union (conversion to euro). (a... Community which is substituted for the euro in accordance with the Treaty establishing the European...

  14. 26 CFR 1.985-8 - Special rules applicable to the European Monetary Union (conversion to euro).

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... Monetary Union (conversion to euro). 1.985-8 Section 1.985-8 Internal Revenue INTERNAL REVENUE SERVICE... Corporations § 1.985-8 Special rules applicable to the European Monetary Union (conversion to euro). (a... Community which is substituted for the euro in accordance with the Treaty establishing the European...

  15. Benefits and costs of oil palm expansion in Central Kalimantan, Indonesia, under different policy scenarios.

    PubMed

    Sumarga, Elham; Hein, Lars

    Deforestation and oil palm expansion in Central Kalimantan province are among the highest in Indonesia. This study examines the physical and monetary impacts of oil palm expansion in Central Kalimantan up to 2025 under three policy scenarios. Our modelling approach combines a spatial logistic regression model with a set of rules governing land use change as a function of the policy scenario. Our physical and monetary analyses include palm oil expansion and five other ecosystem services: timber, rattan, paddy rice, carbon sequestration, and orangutan habitat (the last service is analysed in physical units only). In monetary terms, our analysis comprises the contribution of land and ecosystems to economic production, as measured according to the valuation approach of the System of National Accounts. We focus our analysis on government-owned land which covers around 97 % of the province, where the main policy issues are. We show that, in the business-as-usual scenario, the societal costs of carbon emissions and the loss of other ecosystem services far exceed the benefits from increased oil palm production. This is, in particular, related to the conversion of peatlands. We also show that, for Central Kalimantan, the moratorium scenario, which is modelled based on the moratorium currently in place in Indonesia, generates important economic benefits compared to the business-as-usual scenario. In the moratorium scenario, however, there is still conversion of forest to plantation and associated loss of ecosystem services. We developed an alternative, sustainable production scenario based on an ecosystem services approach and show that this policy scenario leads to higher net social benefits including some more space for oil palm expansion.

  16. 14 CFR 13.305 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... monetary penalties. 13.305 Section 13.305 Aeronautics and Space FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION PROCEDURAL RULES INVESTIGATIVE AND ENFORCEMENT PROCEDURES Civil Monetary Penalty Inflation Adjustment § 13.305 Cost of living adjustments of civil monetary penalties. (a) Except for the...

  17. 14 CFR 13.305 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ... monetary penalties. 13.305 Section 13.305 Aeronautics and Space FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION PROCEDURAL RULES INVESTIGATIVE AND ENFORCEMENT PROCEDURES Civil Monetary Penalty Inflation Adjustment § 13.305 Cost of living adjustments of civil monetary penalties. (a) Except for the...

  18. 14 CFR 13.305 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ... monetary penalties. 13.305 Section 13.305 Aeronautics and Space FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION PROCEDURAL RULES INVESTIGATIVE AND ENFORCEMENT PROCEDURES Civil Monetary Penalty Inflation Adjustment § 13.305 Cost of living adjustments of civil monetary penalties. (a) Except for the...

  19. 14 CFR 13.305 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ... monetary penalties. 13.305 Section 13.305 Aeronautics and Space FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION PROCEDURAL RULES INVESTIGATIVE AND ENFORCEMENT PROCEDURES Civil Monetary Penalty Inflation Adjustment § 13.305 Cost of living adjustments of civil monetary penalties. (a) Except for the...

  20. 14 CFR 13.305 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... monetary penalties. 13.305 Section 13.305 Aeronautics and Space FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION PROCEDURAL RULES INVESTIGATIVE AND ENFORCEMENT PROCEDURES Civil Monetary Penalty Inflation Adjustment § 13.305 Cost of living adjustments of civil monetary penalties. (a) Except for the...

  1. Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy

    DTIC Science & Technology

    2010-02-23

    markets in which member countries go beyond a customs union by eliminating barriers to labor and capital flows across national borders within the... market ; and • economic unions where members merge their economies even further by establishing a common currency, and therefore a unified monetary... market over the lowest tariff wall. Most FTAs also include procedures on the settlement of disputes arising among members and rules on the

  2. 77 FR 65100 - Adjustment of Civil Monetary Penalties for Inflation

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-25

    ... Penalties for Inflation AGENCY: Commodity Futures Trading Commission ACTION: Final rule. SUMMARY: The... civil monetary penalties, to adjust for inflation. This rule sets forth the maximum, inflation-adjusted... Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement...

  3. 78 FR 672 - Civil Monetary Penalties

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-04

    ... Part 3560 RIN 0575AC93 Civil Monetary Penalties AGENCY: Rural Housing Service, USDA. ACTION: Proposed rule. SUMMARY: The Rural Housing Service (RHS or Agency) proposes to implement two civil monetary... civil monetary penalties under the authority of 42 U.S.C. 1490s (section 543 of the Housing Act of 1949...

  4. A Unified Framework for Monetary Theory and Policy Analysis.

    ERIC Educational Resources Information Center

    Lagos, Ricardo; Wright, Randall

    2005-01-01

    Search-theoretic models of monetary exchange are based on explicit descriptions of the frictions that make money essential. However, tractable versions of these models typically make strong assumptions that render them ill suited for monetary policy analysis. We propose a new framework, based on explicit micro foundations, within which macro…

  5. Group-Wise Herding Behavior in Financial Markets: An Agent-Based Modeling Approach

    PubMed Central

    Kim, Minsung; Kim, Minki

    2014-01-01

    In this paper, we shed light on the dynamic characteristics of rational group behaviors and the relationship between monetary policy and economic units in the financial market by using an agent-based model (ABM), the Hurst exponent, and the Shannon entropy. First, an agent-based model is used to analyze the characteristics of the group behaviors at different levels of irrationality. Second, the Hurst exponent is applied to analyze the characteristics of the trend-following irrationality group. Third, the Shannon entropy is used to analyze the randomness and unpredictability of group behavior. We show that in a system that focuses on macro-monetary policy, steep fluctuations occur, meaning that the medium-level irrationality group has the highest Hurst exponent and Shannon entropy among all of the groups. However, in a system that focuses on micro-monetary policy, all group behaviors follow a stable trend, and the medium irrationality group thus remains stable, too. Likewise, in a system that focuses on both micro- and macro-monetary policies, all groups tend to be stable. Consequently, we find that group behavior varies across economic units at each irrationality level for micro- and macro-monetary policy in the financial market. Together, these findings offer key insights into monetary policy. PMID:24714635

  6. Group-wise herding behavior in financial markets: an agent-based modeling approach.

    PubMed

    Kim, Minsung; Kim, Minki

    2014-01-01

    In this paper, we shed light on the dynamic characteristics of rational group behaviors and the relationship between monetary policy and economic units in the financial market by using an agent-based model (ABM), the Hurst exponent, and the Shannon entropy. First, an agent-based model is used to analyze the characteristics of the group behaviors at different levels of irrationality. Second, the Hurst exponent is applied to analyze the characteristics of the trend-following irrationality group. Third, the Shannon entropy is used to analyze the randomness and unpredictability of group behavior. We show that in a system that focuses on macro-monetary policy, steep fluctuations occur, meaning that the medium-level irrationality group has the highest Hurst exponent and Shannon entropy among all of the groups. However, in a system that focuses on micro-monetary policy, all group behaviors follow a stable trend, and the medium irrationality group thus remains stable, too. Likewise, in a system that focuses on both micro- and macro-monetary policies, all groups tend to be stable. Consequently, we find that group behavior varies across economic units at each irrationality level for micro- and macro-monetary policy in the financial market. Together, these findings offer key insights into monetary policy.

  7. Monetary policy games and international migration of labor in interdependent economies.

    PubMed

    Agiomirgianakis, G M

    1998-01-01

    "In this paper we incorporate the possibility of international migration into a monetary policy game played by governments in unionized interdependent economies. We show that contrary to usual presumptions, established by earlier studies that ignore the possibility of international migration, inter-government cooperation in the monetary field may well turn out to be advantageous. This has important implications for the European economies, since it suggests that measures taken towards encouraging international migration within EU [the European Union] will not only harmonize the European labor markets but will also make monetary policy cooperation within Europe, as required by the Maastrict Treaty, more advantageous." excerpt

  8. Housing demand or money supply? A new Keynesian dynamic stochastic general equilibrium model on China's housing market fluctuations

    NASA Astrophysics Data System (ADS)

    Wen, Xing-Chun; He, Ling-Yun

    2015-08-01

    There is a bitter controversy over what drives the housing price in China in the existing literature. In this paper, we investigate the underlying driving force behind housing price fluctuations in China, especially focusing on the role of housing demand shock with that of money supply shock in explaining housing price movements, by a new Keynesian dynamic stochastic general equilibrium model. Empirical results suggest that it is housing demand, instead of money supply, that mainly drives China's housing price movements. Relevant policy implication is further discussed, namely, whether to consider the housing price fluctuations in the conduct of monetary policy. By means of the policy simulations, we find that a real house price-augmented money supply rule is a better monetary policy for China's economy stabilization. 1. Investment refers to fixed capital investment. 2. Housing price refers to national average housing price. Quarterly data on housing price during the period of our work are not directly available. However, monthly data of the value of sales on housing and sale volume on housing can be directly obtained from National Bureau of Statistics of China. We add up the monthly data and calculate one quarter's housing price by dividing the value of housing sales by its sale volume in one quarter. 3. M2 means the broad money supply in China.

  9. Cross-correlations between the US monetary policy, US dollar index and crude oil market

    NASA Astrophysics Data System (ADS)

    Sun, Xinxin; Lu, Xinsheng; Yue, Gongzheng; Li, Jianfeng

    2017-02-01

    This paper investigates the cross-correlations between the US monetary policy, US dollar index and WTI crude oil market, using a dataset covering a period from February 4, 1994 to February 29, 2016. Our study contributes to the literature by examining the effect of the US monetary policy on US dollar index and WTI crude oil through the MF-DCCA approach. The empirical results show that the cross-correlations between the three sets of time series exhibit strong multifractal features with the strength of multifractality increasing over the sample period. Employing a rolling window analysis, our empirical results show that the US monetary policy operations have clear influences on the cross-correlated behavior of the three time series covered by this study.

  10. The co-movement of monetary policy and its time-varying nature: A DCCA approach

    NASA Astrophysics Data System (ADS)

    Rohit, Abhishek; Mitra, Subrata Kumar

    2018-02-01

    Employing a novel methodology of DCCA cross-correlation coefficient (ρDCCA), this study attempts to provide fresh evidences for the co-movement of monetary policies of the advanced (AEs) as well as the emerging economies (EMEs) vis-à-vis the United States. A higher degree of monetary co-movement as measured by ρDCCA values, is identified for the AEs as compared to the EMEs. Lower co-movement of monetary policy is especially noticeable in the short run for EMEs. We further investigate the time-varying nature of such co-movements for the AEs by splitting the period (1980-2014) into four sub periods and also by performing a rolling window estimation for the entire period to reveal smoother dynamics. Significant evidence of higher monetary coordination is revealed for sub-periods with stronger trade and financial linkages.

  11. 17 CFR Table V to Subpart E of... - Civil Monetary Penalty Inflation Adjustments

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... Inflation Adjustments V Table V to Subpart E of Part 201 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION RULES OF PRACTICE Adjustment of Civil Monetary Penalties Pt. 201, Subpt. E, Table V Table V to Subpart E of Part 201—Civil Monetary Penalty Inflation Adjustments U.S. Code citation Civil...

  12. 17 CFR Table V to Subpart E of... - Civil Monetary Penalty Inflation Adjustments

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... Inflation Adjustments V Table V to Subpart E of Part 201 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION RULES OF PRACTICE Adjustment of Civil Monetary Penalties Pt. 201, Subpt. E, Table V Table V to Subpart E of Part 201—Civil Monetary Penalty Inflation Adjustments U.S. Code citation Civil...

  13. Interaction between fiscal and monetary policy in a dynamic nonlinear model.

    PubMed

    Bertella, Mario A; Rego, Henio A; Neris, Celso; Silva, Jonathas N; Podobnik, Boris; Stanley, H Eugene

    2015-01-01

    The objective of this study is to verify the dynamics between fiscal policy, measured by public debt, and monetary policy, measured by a reaction function of a central bank. Changes in monetary policies due to deviations from their targets always generate fiscal impacts. We examine two policy reaction functions: the first related to inflation targets and the second related to economic growth targets. We find that the condition for stable equilibrium is more restrictive in the first case than in the second. We then apply our simulation model to Brazil and United Kingdom and find that the equilibrium is unstable in the Brazilian case but stable in the UK case.

  14. Interaction between Fiscal and Monetary Policy in a Dynamic Nonlinear Model

    PubMed Central

    Bertella, Mario A.; Rego, Henio A.; Neris, Celso; Silva, Jonathas N.; Podobnik, Boris; Stanley, H. Eugene

    2015-01-01

    The objective of this study is to verify the dynamics between fiscal policy, measured by public debt, and monetary policy, measured by a reaction function of a central bank. Changes in monetary policies due to deviations from their targets always generate fiscal impacts. We examine two policy reaction functions: the first related to inflation targets and the second related to economic growth targets. We find that the condition for stable equilibrium is more restrictive in the first case than in the second. We then apply our simulation model to Brazil and United Kingdom and find that the equilibrium is unstable in the Brazilian case but stable in the UK case. PMID:25799581

  15. Analyzing Divisia Rules Extracted from a Feedforward Neural Network

    DTIC Science & Technology

    2006-03-01

    assumptions. (Barnett and work, Data Mining, Rule Generation Serletis give a detailed treatment of the the- ory of monetary aggregation [1].) However, 1... Serletis , A. (Eds.) (2000), The The- Swizerland, 1995. ory of Monetary Aggregation, North-H ollandeAmsterdam, Chgaptero , pp.- [11] Vincent A. Schmidt and...gas, Nevada, 2002. sets. Macroeconomic Dynamics, 1:485-512, 1997. Reprinted in Barnett, WA. [12] Vincent A. Schmidt and Jane M. Binner. and Serletis

  16. The Disparate Labor Market Impacts of Monetary Policy

    ERIC Educational Resources Information Center

    Carpenter, Seth B.; Rodgers, William M., III

    2004-01-01

    Employing two widely used approaches to identify the effects of monetary policy, this paper explores the differential impact of policy on the labor market outcomes of teenagers, minorities, out-of-school youth, and less-skilled individuals. Evidence from recursive vector autoregressions and autoregressive distributed lag models that use…

  17. Teacher's Guide for "Tightrope," a Simulation Game in Economics.

    ERIC Educational Resources Information Center

    Baskind, Larry; And Others

    "Tightrope" is a simulation based on economic stability and growth in a country. Several small groups of students, acting as Economic Advisory Councils, make fiscal and monetary policy decisions for their country based on their knowledge of business cycles, monetary policy, and fiscal policy. In each of the four rounds the Advisory Councils study…

  18. Effects of monetary reserves and rate of gain on human risky choice under budget constraints.

    PubMed

    Pietras, Cynthia J; Searcy, Gabriel D; Huitema, Brad E; Brandt, Andrew E

    2008-07-01

    The energy-budget rule is an optimal foraging model that predicts that choice should be risk averse when net gains plus reserves meet energy requirements (positive energy-budget conditions) and risk prone when net gains plus reserves fall below requirements (negative energy-budget conditions). Studies have shown that the energy-budget rule provides a good description of risky choice in humans when choice is studied under economic conditions (i.e., earnings budgets) that simulate positive and negative energy budgets. In previous human studies, earnings budgets were manipulated by varying earnings requirements, but in most nonhuman studies, energy budgets have been manipulated by varying reserves and/or mean rates of reinforcement. The present study therefore investigated choice in humans between certain and variable monetary outcomes when earnings budgets were manipulated by varying monetary reserves and mean rates of monetary gain. Consistent with the energy-budget rule, choice tended to be risk averse under positive-budget conditions and risk neutral or risk prone under negative-budget conditions. Sequential choices were also well described by a dynamic optimization model, especially when expected earnings for optimal choices were high. These results replicate and extend the results of prior experiments in showing that humans' choices are generally consistent with the predictions of the energy-budget rule when studied under conditions analogous to those used in nonhuman energy-budget studies, and that choice patterns tend to maximize reinforcement.

  19. A Simple Forecasting Model Linking Macroeconomic Policy to Industrial Employment Demand.

    ERIC Educational Resources Information Center

    Malley, James R.; Hady, Thomas F.

    A study detailed further a model linking monetary and fiscal policy to industrial employment in metropolitan and nonmetropolitan areas of four United States regions. The model was used to simulate the impacts on area and regional employment of three events in the economy: changing real gross national product (GNP) via monetary policy, holding the…

  20. Monetary Policy Delelgation and Transparency of Policy Targets: A Positive Analysis

    DTIC Science & Technology

    2011-06-01

    International Outsourcing : Solving ihc Puzzle. February 2009 87 Riindshagcn Bianc.i. Zimmermann. Klaus sv Buchanan-Kooperarion und...through surprise inflation. In a framework with endogenous wage setting by unions. Sorensen (1991) shows that uncertainty of the policy maker’s...of ronsi i vatism in open economies . Hughes Hallett and Weymark (2004, 2005) or Lockwood et al. (1998) apply two-stage models of monetary policy

  1. 77 FR 36149 - Disclosure Requirements and Prohibitions Concerning Franchising

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-18

    ... FTC announces revised monetary thresholds for three exemptions from the Franchise Rule. FTC is... July 1, 2012. FOR FURTHER INFORMATION CONTACT: Craig Tregillus, Franchise Rule Coordinator, Division of... and Prohibitions Concerning Franchising'' (Franchise Rule or Rule) \\1\\ provides three exemptions based...

  2. Keynesian, Monetarist and Supply-Side Policies: An Old Debate Gets New Life

    ERIC Educational Resources Information Center

    Niederjohn, M. Scott; Wood, William C.

    2009-01-01

    Debates over how to promote a healthy economy are pervasive once more, after decades when it seemed such debates had been put to rest. The market meltdown of 2008 ended a long string of years in which monetary policy reigned supreme. Monetary policy is the regulation of money and the banking system to influence economic variables. Its adherents,…

  3. Monetary Policy after August 2007

    ERIC Educational Resources Information Center

    Gertler, Mark

    2013-01-01

    In this article, the author describes conceptually how to think about the dramatic changes in monetary policy since the sub-prime crisis of August 2007. He also discusses how to incorporate these changes and related economic concepts in the teaching of an undergraduate class in macroeconomics. A distinction is made between conventional and…

  4. Monetary policy and the effects of oil price shocks on the Japanese economy

    NASA Astrophysics Data System (ADS)

    Lee, Byung Rhae

    1998-12-01

    The evidence of output decreases and price level increases following oil price shocks in the Japanese economy is presented in this paper. These negative effects of oil shocks are better explained by Hamilton's (1996) net oil price increase measure (NOPI) than by other oil measures. The fact that an oil shock has a statistically significant effect on the call money rate and real output and that the call money rate also has a statistically significant effect on real output appears to explain that the effects of oil price shocks on economic activity are partially attributed to contractionary monetary policy responses. The asymmetric effects of positive and negative oil shocks are also found in the Japanese economy and this asymmetry can also be partially explained by monetary policy responses. To assess the relative contribution of oil shocks and endogenous monetary policy responses to the economic downturns, I shut off the responses of the call money rate to oil shocks utilizing the impulse response results from the VAR model. Then, I re-run the VAR with the adjusted call money rate series. The empirical results show that around 30--40% of the negative effects of oil price shocks on the Japanese economy can be accounted for by oil shock induced monetary tightening.

  5. 78 FR 49370 - Inflation Adjustment of Maximum Forfeiture Penalties

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-14

    ... ``civil monetary penalties provided by law'' at least once every four years. DATES: Effective September 13... increases the maximum civil monetary forfeiture penalties available to the Commission under its rules... maximum civil penalties established in that section to account for inflation since the last adjustment to...

  6. Comparison of Monetary Policy Actions and Central Bank Communication on Tackling Asset Price Bubbles—Evidence from China’s Stock Market

    PubMed Central

    Sun, Ou; Liu, Zhixin

    2016-01-01

    We examine the different effects of monetary policy actions and central bank communication on China’s stock market bubbles with a Time-varying Parameter SVAR model. We find that with negative responses of fundamental component and positive responses of bubble component of asset prices, contractionary monetary policy induces the observed stock prices to rise during periods of large bubbles. By contrast, central bank communication acts on the market through expectation guidance and has more significant effects on stock prices in the long run, which implies that central bank communication be used as an effective long-term instrument for the central bank’s policymaking. PMID:27851796

  7. Comparison of Monetary Policy Actions and Central Bank Communication on Tackling Asset Price Bubbles-Evidence from China's Stock Market.

    PubMed

    Sun, Ou; Liu, Zhixin

    2016-01-01

    We examine the different effects of monetary policy actions and central bank communication on China's stock market bubbles with a Time-varying Parameter SVAR model. We find that with negative responses of fundamental component and positive responses of bubble component of asset prices, contractionary monetary policy induces the observed stock prices to rise during periods of large bubbles. By contrast, central bank communication acts on the market through expectation guidance and has more significant effects on stock prices in the long run, which implies that central bank communication be used as an effective long-term instrument for the central bank's policymaking.

  8. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-07-06

    entered a recession. To date, financial markets remain volatile, new losses have been announced at major financial institutions , and responses... financial markets .16 The 11 See, for example, Frederic Mishkin , “Housing and the Monetary...sought to contain damages spilling over from housing and financial markets to the broader economy, including monetary policy, which is the

  9. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-10-06

    economy entered a recession. To date, financial markets remain volatile, new losses have been announced at major financial institutions , and...the financial markets .16 The 11 See, for example, Frederic Mishkin , “Housing and the Monetary...have sought to contain damages spilling over from housing and financial markets to the broader economy, including monetary policy, which is the

  10. The Monetary Rewards of Migration Within the U.S.

    ERIC Educational Resources Information Center

    Wertheimer, Richard F., II

    This study focuses on the economic benefits derived by the migrant from migration. The report presents a methodology for computing monetary benefits, an estimate of these benefits, and implications of the findings for public policy. Included are a discussion of domestic migration and public policy, an economic theory of migration, an explanation…

  11. The Simple Analytics of Monetary Policy: A Post-Crisis Approach

    ERIC Educational Resources Information Center

    Friedman, Benjamin M.

    2013-01-01

    The standard workhorse models of monetary policy now commonly in use, both for teaching macro-economics to students and for supporting policymaking within many central banks, are incapable of incorporating the most widely accepted accounts of how the 2007-9 financial crisis occurred and are incapable too of analyzing the actions that monetary…

  12. Money, the Banking System and Monetary Policy in Canada: A Teaching Unit.

    ERIC Educational Resources Information Center

    Curtis, Douglas C. A.; Staunton, Ted, Ed.

    One of a series of teaching units designed to introduce secondary school students to the Canadian economy, this handbook contains instructional materials on Canada's monetary system and policy. Material is organized and presented in terms of specific topic readings and illustrative activities. The topics covered in six sections are money, the…

  13. Chaotic dynamics in optimal monetary policy

    NASA Astrophysics Data System (ADS)

    Gomes, O.; Mendes, V. M.; Mendes, D. A.; Sousa Ramos, J.

    2007-05-01

    There is by now a large consensus in modern monetary policy. This consensus has been built upon a dynamic general equilibrium model of optimal monetary policy as developed by, e.g., Goodfriend and King [ NBER Macroeconomics Annual 1997 edited by B. Bernanke and J. Rotemberg (Cambridge, Mass.: MIT Press, 1997), pp. 231 282], Clarida et al. [J. Econ. Lit. 37, 1661 (1999)], Svensson [J. Mon. Econ. 43, 607 (1999)] and Woodford [ Interest and Prices: Foundations of a Theory of Monetary Policy (Princeton, New Jersey, Princeton University Press, 2003)]. In this paper we extend the standard optimal monetary policy model by introducing nonlinearity into the Phillips curve. Under the specific form of nonlinearity proposed in our paper (which allows for convexity and concavity and secures closed form solutions), we show that the introduction of a nonlinear Phillips curve into the structure of the standard model in a discrete time and deterministic framework produces radical changes to the major conclusions regarding stability and the efficiency of monetary policy. We emphasize the following main results: (i) instead of a unique fixed point we end up with multiple equilibria; (ii) instead of saddle-path stability, for different sets of parameter values we may have saddle stability, totally unstable equilibria and chaotic attractors; (iii) for certain degrees of convexity and/or concavity of the Phillips curve, where endogenous fluctuations arise, one is able to encounter various results that seem intuitively correct. Firstly, when the Central Bank pays attention essentially to inflation targeting, the inflation rate has a lower mean and is less volatile; secondly, when the degree of price stickiness is high, the inflation rate displays a larger mean and higher volatility (but this is sensitive to the values given to the parameters of the model); and thirdly, the higher the target value of the output gap chosen by the Central Bank, the higher is the inflation rate and its volatility.

  14. Are pro-welfare state and full-employment policies possible in the era of globalization?

    PubMed

    Navarro, V

    2000-01-01

    There is a widely held belief in U.S. and European economic, political, and academic circles that economic globalization has considerably diminished states' power to follow public policies identified with the social democratic tradition, such as full-employment policies, comprehensive and universal provision of welfare state services, and state regulatory interventions in labor markets and economic policies. And large sectors of the European center-left and left parties believe that European monetary integration made expansionist and full-employment policies practically impossible, except when realized at the European continental level. This article presents empirical information that questions these positions. It documents how specific governments in Europe have been able to carry out such public policies during these years of economic globalization and monetary integration. Some countries (such as Sweden and Finland) that had carried out these policies then later weakened their implementation did so in response to political changes mostly unrelated to globalization of the economy or monetary integration. The article also analyzes and documents how countries that had followed expansionist and full-employment policies have responded to the globalization of financial markets.

  15. Nonverbal contention and contempt in U.K. parliamentary oversight hearings on fiscal and monetary policy.

    PubMed

    Schonhardt-Bailey, Cheryl

    2017-01-01

    In parliamentary committee oversight hearings on fiscal policy, monetary policy, and financial stability, where verbal deliberation is the focus, nonverbal communication may be crucial in the acceptance or rejection of arguments proffered by policymakers. Systematic qualitative coding of these hearings in the 2010-15 U.K. Parliament finds the following: (1) facial expressions, particularly in the form of anger and contempt, are more prevalent in fiscal policy hearings, where backbench parliamentarians hold frontbench parliamentarians to account, than in monetary policy or financial stability hearings, where the witnesses being held to account are unelected policy experts; (2) comparing committees across chambers, hearings in the House of Lords committee yield more reassuring facial expressions relative to hearings in the House of Commons committee, suggesting a more relaxed and less adversarial context in the former; and (3) central bank witnesses appearing before both the Lords and Commons committees tend toward expressions of appeasement, suggesting a willingness to defer to Parliament.

  16. 77 FR 26703 - Inflation Adjustment of the Aggravated Maximum Civil Monetary Penalty for a Violation of a...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-07

    .... FRA-2004-17529; Notice No. 9] RIN 2130-AB94 Inflation Adjustment of the Aggravated Maximum Civil Monetary Penalty for a Violation of a Federal Railroad Safety Law or Federal Railroad Administration Safety... rule, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, which increased the...

  17. A Monetarist View.

    ERIC Educational Resources Information Center

    Friedman, Milton

    1983-01-01

    Examined are the quantity theory of money and the recent application of monetary policy in Japan, the United Kingdom, and the United States. In all three countries, the reduction of monetary growth has reduced inflation. (Author/RM)

  18. Classical linear-control analysis applied to business-cycle dynamics and stability

    NASA Technical Reports Server (NTRS)

    Wingrove, R. C.

    1983-01-01

    Linear control analysis is applied as an aid in understanding the fluctuations of business cycles in the past, and to examine monetary policies that might improve stabilization. The analysis shows how different policies change the frequency and damping of the economic system dynamics, and how they modify the amplitude of the fluctuations that are caused by random disturbances. Examples are used to show how policy feedbacks and policy lags can be incorporated, and how different monetary strategies for stabilization can be analytically compared. Representative numerical results are used to illustrate the main points.

  19. Bretton Woods Institution Narratives about Inequality and Economic Vulnerability on the Eve of South African Austerity.

    PubMed

    Bond, Patrick

    2015-01-01

    In South Africa, at a time when National Health Insurance should be generously funded (7 years after its approval as public policy by the ruling party), state fiscal austerity appears certain to nip the initiative in the bud. The World Bank and the International Monetary Fund issued separate reports about South Africa in late 2014, following a new finance minister's mid-term budget speech. In justifying austerity, they revealed 2 important conceptual blockages regarding inequality and international financial relations. The resulting political bias in the macroeconomic debate has, in turn, given neoliberal policy advocates intellectual weaponry to impose deeper austerity. In contrast, the rise of a "united front" of labor, community-based, and social movement activists, along with a vigorous left opposition party in Parliament, ensure that one of the world's most visible class struggles ratchets up in intensity in the years ahead. © SAGE Publications 2015.

  20. The Impact of United States Monetary Policy in the Crude Oil futures market

    NASA Astrophysics Data System (ADS)

    Padilla-Padilla, Fernando M.

    This research examines the empirical impact the United States monetary policy, through the federal fund interest rate, has on the volatility in the crude oil price in the futures market. Prior research has shown how macroeconomic events and variables have impacted different financial markets within short and long--term movements. After testing and decomposing the variables, the two stationary time series were analyzed using a Vector Autoregressive Model (VAR). The empirical evidence shows, with statistical significance, a direct relationship when explaining crude oil prices as function of fed fund rates (t-1) and an indirect relationship when explained as a function of fed fund rates (t-2). These results partially address the literature review lacunas within the topic of the existing implication monetary policy has within the crude oil futures market.

  1. 340B Drug Pricing Program Ceiling Price and Manufacturer Civil Monetary Penalties Regulation. Final rule; further delay of effective date.

    PubMed

    2017-05-19

    The Health Resources and Services Administration (HRSA) administers section 340B of the Public Health Service Act (PHSA), referred to as the "340B Drug Pricing Program" or the "340B Program." HRSA published a final rule on January 5, 2017, that set forth the calculation of the ceiling price and application of civil monetary penalties. The final rule applied to all drug manufacturers that are required to make their drugs available to covered entities under the 340B Program. In accordance with a January 20, 2017, memorandum from the Assistant to the President and Chief of Staff, entitled "Regulatory Freeze Pending Review," HRSA issued an interim final rule that delayed the effective date of the final rule published in the Federal Register (82 FR 1210, (January 5, 2017)) to May 22, 2017. HHS invited commenters to provide their views on whether a longer delay of the effective date to October 1, 2017, would be more appropriate. After consideration of the comments received on the interim final rule, HHS is delaying the effective date of the January 5, 2017 final rule, to October 1, 2017.

  2. Monetary Shocks in Models with Inattentive Producers.

    PubMed

    Alvarez, Fernando E; Lippi, Francesco; Paciello, Luigi

    2016-04-01

    We study models where prices respond slowly to shocks because firms are rationally inattentive. Producers must pay a cost to observe the determinants of the current profit maximizing price, and hence observe them infrequently. To generate large real effects of monetary shocks in such a model the time between observations must be long and/or highly volatile. Previous work on rational inattentiveness has allowed for observation intervals that are either constant-but-long ( e.g . Caballero, 1989 or Reis, 2006) or volatile-but-short ( e.g . Reis's, 2006 example where observation costs are negligible), but not both. In these models, the real effects of monetary policy are small for realistic values of the duration between observations. We show that non-negligible observation costs produce both of these effects: intervals between observations are infrequent and volatile. This generates large real effects of monetary policy for realistic values of the average time between observations.

  3. Monetary Shocks in Models with Inattentive Producers

    PubMed Central

    Alvarez, Fernando E.; Lippi, Francesco; Paciello, Luigi

    2016-01-01

    We study models where prices respond slowly to shocks because firms are rationally inattentive. Producers must pay a cost to observe the determinants of the current profit maximizing price, and hence observe them infrequently. To generate large real effects of monetary shocks in such a model the time between observations must be long and/or highly volatile. Previous work on rational inattentiveness has allowed for observation intervals that are either constant-but-long (e.g. Caballero, 1989 or Reis, 2006) or volatile-but-short (e.g. Reis's, 2006 example where observation costs are negligible), but not both. In these models, the real effects of monetary policy are small for realistic values of the duration between observations. We show that non-negligible observation costs produce both of these effects: intervals between observations are infrequent and volatile. This generates large real effects of monetary policy for realistic values of the average time between observations. PMID:27516627

  4. 18 CFR 385.1601 - Scope and purpose (Rule 1601).

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... Inflation Adjustment § 385.1601 Scope and purpose (Rule 1601). The purpose of this subpart is to make inflation adjustments to the civil monetary penalties provided by law within the jurisdiction of the... in accordance with the Federal Civil Penalties Inflation Act of 1990, as amended. ...

  5. The Prospects for Unemployment and Inflation. Hearing before the Subcommittee on Domestic Monetary Policy of the Committee on Banking, Finance and Urban Affairs, House of Representatives, Ninety-Eighth Congress, First Session.

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. House Committee on Banking, Finance and Urban Affairs.

    This report of a hearing before the Subcommittee on Domestic Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives provides information on unemployment and prospects for employment. The report focuses on the role of the Federal Reserve and actions the administration and Congress must take to bring down…

  6. EC-92: Catalyst for Change

    DTIC Science & Technology

    1991-04-02

    rules of membership and meet the prevailing democratic and judicial standards of the other member states. 16 While only two years ago this possibility...EES/EEA rules affect everyone, not just the EC, then all participants require a role in formulating and accepting the rules . The EC counters that...18 stabilized; members must accept binding rules for the transfer of monetary pol icy to the new bank .34 The most probable shape of the Eurofed, as

  7. Breaking the taboo: a history of monetary financing in Canada, 1930-1975.

    PubMed

    Ryan-Collins, Josh

    2017-12-01

    Monetary financing - the funding of state expenditure via the creation of new money rather than through taxation or borrowing - has become a taboo policy instrument in advanced economies. It is generally associated with dangerously high inflation and/or war. Relatedly, a key institutional feature of modern independent central banks is that they are not obligated to support government expenditure via money creation. Since the financial crisis of 2007-2008, however, unorthodox monetary policies, in particular quantitative easing, coupled with stagnant growth and high levels of public and private debt have led to questions over the monetary financing taboo. Debates on the topic have so far been mainly theoretical with little attention to the social and political dynamics of historical instances of monetary financing. This paper analyses one of the most significant twentieth-century cases: Canada from the period after the Great Depression up until the monetarist revolution of the 1970s. The period was a successful one for the Canadian economy, with high growth and employment and manageable inflation. It offers some interesting insights into the relationship between states and central banks and present-day discussions around the governance of money creation. © London School of Economics and Political Science 2017.

  8. An Analysis of the President’s Budgetary Proposals for Fiscal Year 1993

    DTIC Science & Technology

    1992-03-01

    exchange value of determining the appropriate monetary policy . the dollar will provide a mild stimulus to net At the same time, the conduct of monetary...in function 3M0. and the proposed payout to Alaska of its share of receipts is shown in function 800. Proposed Changes Pay-As-You-Go Policy Changes The... firms through the over the next five years. Over the long term, formation of financial -services holding com- they should lead to a more diversified, more

  9. Non-Monetary Benefits Without Apology: The Economic Theory and Practice of Ecosystem Service Benefit Indicators.

    EPA Science Inventory

    Values for changes in ecosystem services (ES) are required or desired in many policy and management decision contexts, although appropriate monetary values often are not available or are infeasible to estimate. Fortunately, in many contexts—e.g., cost-effectiveness analysis...

  10. Non-Monetary Benefits Without Apology: The Economic Theory and Practice of Ecosystem Service Benefit Indicators

    EPA Science Inventory

    Values for changes in ecosystem services (ES) are required or desired in many policy and management contexts. Often, appropriate monetary values are not available or are infeasible to estimate. Fortunately, in many contexts—e.g., cost-effectiveness analysis of programmatic ...

  11. Evaluating re-identification risks with respect to the HIPAA privacy rule

    PubMed Central

    Benitez, Kathleen

    2010-01-01

    Objective Many healthcare organizations follow data protection policies that specify which patient identifiers must be suppressed to share “de-identified” records. Such policies, however, are often applied without knowledge of the risk of “re-identification”. The goals of this work are: (1) to estimate re-identification risk for data sharing policies of the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule; and (2) to evaluate the risk of a specific re-identification attack using voter registration lists. Measurements We define several risk metrics: (1) expected number of re-identifications; (2) estimated proportion of a population in a group of size g or less, and (3) monetary cost per re-identification. For each US state, we estimate the risk posed to hypothetical datasets, protected by the HIPAA Safe Harbor and Limited Dataset policies by an attacker with full knowledge of patient identifiers and with limited knowledge in the form of voter registries. Results The percentage of a state's population estimated to be vulnerable to unique re-identification (ie, g=1) when protected via Safe Harbor and Limited Datasets ranges from 0.01% to 0.25% and 10% to 60%, respectively. In the voter attack, this number drops for many states, and for some states is 0%, due to the variable availability of voter registries in the real world. We also find that re-identification cost ranges from $0 to $17 000, further confirming risk variability. Conclusions This work illustrates that blanket protection policies, such as Safe Harbor, leave different organizations vulnerable to re-identification at different rates. It provides justification for locally performed re-identification risk estimates prior to sharing data. PMID:20190059

  12. Non-Market Values in a Cost-Benefit World: Evidence from a Choice Experiment.

    PubMed

    Eppink, Florian V; Winden, Matthew; Wright, Will C C; Greenhalgh, Suzie

    2016-01-01

    In support of natural resource and ecosystem service policy, monetary value estimates are often presented to decision makers along with other types of information. There is some evidence that, presented with such 'mixed' information, people prioritise monetary over non-monetary information. We conduct a discrete choice experiment among New Zealand decision makers in which we manipulate the information presented to participants. We find that providing explicit monetary information strengthens the pursuit of economic benefits as well as the avoidance of environmental damage. Cultural impacts, of which we provided only qualitative descriptions, did not affect respondents' choices. Our study provides further evidence that concerns regarding the use of monetary information in decisions with complex, multi-value impacts are valid. Further research is needed to validate our results and find ways to reduce any bias in monetary and non-market information.

  13. Non-Market Values in a Cost-Benefit World: Evidence from a Choice Experiment

    PubMed Central

    Eppink, Florian V.; Winden, Matthew; Wright, Will C. C.; Greenhalgh, Suzie

    2016-01-01

    In support of natural resource and ecosystem service policy, monetary value estimates are often presented to decision makers along with other types of information. There is some evidence that, presented with such ‘mixed’ information, people prioritise monetary over non-monetary information. We conduct a discrete choice experiment among New Zealand decision makers in which we manipulate the information presented to participants. We find that providing explicit monetary information strengthens the pursuit of economic benefits as well as the avoidance of environmental damage. Cultural impacts, of which we provided only qualitative descriptions, did not affect respondents’ choices. Our study provides further evidence that concerns regarding the use of monetary information in decisions with complex, multi-value impacts are valid. Further research is needed to validate our results and find ways to reduce any bias in monetary and non-market information. PMID:27783657

  14. Complexity in the Chinese stock market and its relationships with monetary policy intensity

    NASA Astrophysics Data System (ADS)

    Ying, Shangjun; Fan, Ying

    2014-01-01

    This paper introduces how to formulate the CSI300 evolving stock index using the Paasche compiling technique of weighed indexes after giving the GCA model. It studies dynamics characteristics of the Chinese stock market and its relationships with monetary policy intensity, based on the evolving stock index. It concludes by saying that it is possible to construct a dynamics equation of the Chinese stock market using three variables, and that it is useless to regular market-complexity according to changing intensity of external factors from a chaos point of view.

  15. An Evaluation of the Synergistic Simulation of the Federal Open Market Committee.

    ERIC Educational Resources Information Center

    Bartlett, Robin Lynn; Amsler, Christine E.

    The Federal Open Market Committee (FOMC) simulation employed three techniques: case study, role playing, and model building, in order to acquaint college students studying money and banking with the creation of monetary policy. The specific goals of the FOMC simulation were: (1) to familiarize students with the data used in monetary policy…

  16. The BMW Model: A New Framework for Teaching Monetary Economics

    ERIC Educational Resources Information Center

    Bofinger, Peter; Mayer, Eric; Wollmershauser, Timo

    2006-01-01

    Although the IS/LM-AS/AD model is still the central tool of macroeconomic teaching in most macroeconomic textbooks, it has been criticized by several economists. Colander (1995) demonstrated that the framework is logically inconsistent, Romer (2000) showed that it is unable to deal with a monetary policy that uses the interest rate as its…

  17. "Financial Bubbles" and Monetary Policy

    ERIC Educational Resources Information Center

    Tikhonov, Yuriy A.; Pudovkina, Olga E.; Permjakova, Juliana V.

    2016-01-01

    The relevance of this research is caused by the need of strengthening a role of monetary regulators to prevent financial bubbles in the financial markets. The aim of the article is the analysis of a problem of crisis phenomena in the markets of financial assets owing to an inadequate growth of their cost, owing to subjective reasons. The leading…

  18. The legal environment for forestry prescribed burning in the South: regulatory programs and voluntary guidelines

    Treesearch

    Terry K. Haines; David A. Cleaves

    1999-01-01

    Southern States vary widely in their approaches to regulation and liability protection for prescribed burning. Most State air quality laws exempt prescribed burning from many open burning rules; however, monetary penalties are established for the rules that do apply. Forest protection laws address escaped fire and require permits or notification in all but two States....

  19. Reflections on Higher Education

    ERIC Educational Resources Information Center

    Fleming, R. W.

    1975-01-01

    Four problems of higher education are discussed. These include the relationship between society's manpower needs and educational policy; egalitarian admission policies and faculty workloads; government control of monetary appropriations; and economic viability of the institution. (DE)

  20. Science, Scientists, and Public Policy.

    ERIC Educational Resources Information Center

    Schooler, Dean, Jr.

    The politically relevant behavior of scientists in the formulation of public policy by the United States government from 1945-68 is studied. The following types of policy issues are treated: science, space, weather, weapons, deterrence and defense, health, fiscal and monetary, pollution, conservation, antitrust, transportation safety, trade and…

  1. State Capacity and Resistance in Afghanistan

    DTIC Science & Technology

    2009-03-01

    PRGF )222 of the International Monetary Fund (IMF).223 Facing these self-imposed (internal) and international (external) constraints, budget and...Budget_Policy_Coord_Reporting/Fact _Sheet/Fact_sheet_final_1386.pdf (accessed 19 November 2008). 222 The PRGF provides aid and structural guidance in the...management. See: A Factsheet: The Poverty Reduction and Growth Facility ( PRGF ). (International Monetary Fund, October 2008). On the web: http

  2. International Organisations and Transnational Education Policy

    ERIC Educational Resources Information Center

    Moutsios, Stavros

    2009-01-01

    This paper focuses on the World Bank/IMF (International Monetary Fund), the OECD (Organisation for Economic Cooperation and Development) and the WTO (World Trade Organisation) as institutions of transnational policy making. They are all at present making education policies which are decisively shaping current directions and developments in…

  3. Delay Discounting and Social Policy Issues

    ERIC Educational Resources Information Center

    Weatherly, Jeffrey N.; Plumm, Karyn M.; Derenne, Adam

    2011-01-01

    The present study used a delay discounting framework to study decisions about six social policy issues and one monetary outcome. For outcomes that nearly all participants discounted, social policies were discounted significantly more than money. A similar result was observed when analyzing all outcomes using data only from participants who…

  4. To give or sell human gametes - the interplay between pragmatics, policy and ethics

    PubMed Central

    Daniels, K

    2000-01-01

    The ever-growing acceptance and use of assisted human reproduction techniques has caused demand for "donated" sperm and eggs to outstrip supply. Medical professionals and others argue that monetary reward is the only way to recruit sufficient numbers of "donors". Is this a clash between pragmatics and policy/ethics? Where monetary payments are the norm, alternative recruitment strategies used successfully elsewhere may not have been considered, nor the negative consequences of commercialism on all participants thought through. Considerations leading some countries to ban the buying and selling of sperm, eggs and embryos are outlined and a case made that the collective welfare of all involved parties be the primary consideration in this, at times heated, debate. Key Words: Gametes • gifting • selling • ethics • policy PMID:10860215

  5. International Monetary Fund sacrifices higher growth, employment, spending, and public investment in health systems in order to keep inflation unnecessarily low.

    PubMed

    Rowden, Rick

    2010-01-01

    The International Monetary Fund's response to evidence on the impact of its programs on public health fails to address the fundamental criticisms about its policies. The IMF's demand for borrowers to achieve extremely low inflation targets is founded on very little empirical evidence in the peer-reviewed literature. The low-inflation policies privilege international creditors over domestic debtors and short-term priorities over long-term development goals, and contain high social costs, referred to by economists as a "sacrifice ratio." For example, governments' raising of interest rates to bring down inflation undermines the ability of domestic firms to expand production and employment and thus "sacrifices" higher economic growth and higher tax revenues and unnecessarily constrains domestic health spending. During financial crisis, most countries seek to lower interest rates to stimulate the economy, the opposite of the IMF's general advice. Perversely, compliance with IMF policies has become a prerequisite for receiving donor aid. Critiques of the IMF express significant concerns that IMF fiscal and monetary policies are unduly restrictive. Health advocates must weigh in on such matters and pressure their finance ministries, particularly in the G7, to take steps at the level of the IMF Executive Board to revisit and modify its policy framework on deficits and inflation. Such reforms are crucial to enable countries to generate more domestic resources while the global health community searches for ways to support strengthening health system capacity.

  6. Inventories, oil shocks, and aggregate economic behavior

    NASA Astrophysics Data System (ADS)

    Herrera, Ana Maria

    This dissertation examines the relationship between oil price shocks and aggregate economic behavior in the U.S. The first chapter addresses the effects of changes in the price of crude oil on the manufacturing sector in VAR regressions and in a structural linear quadratic inventory model. It finds that oil price increases lead to reductions in manufacturing activity while oil price falls are not followed by booms. This asymmetry in the response of the manufacturing activity, the changes in the composition of the demand, and the large variations in sales of key investment and consumption goods favor a multi-channel transmission mechanism. The analysis shows that differences in the response of the various industrial sectors are determined by the cost structure of the industry as well as by the dynamics of the demand, cost and oil shocks. Positive oil price shocks are first transmitted from the transportation equipment industry to sectors such as primary metals products, rubber and plastics and textiles, later affecting the remaining sectors and the aggregates. In the short run inventories act as a buffer however, one and a half years after the shock significant production cuts do take place. Sluggishness in the response of aggregate output can be accounted by the behavior of inventories as well as by the time lags implied in the propagation from one industry to the remaining sectors and the aggregate. The second chapter studies the role of oil prices and monetary policy in accounting for business cycles in an identified VAR framework. It finds that the slowdown in GDP growth that follows an oil shock can not be solely explained by the response of the Fed's monetary policy. An "exogenous" monetary policy that holds the fed funds rate fixed would exert a large expansionary effect. Nevertheless, conditional on this policy, the reduction in economic activity persists and the price level increases leading to a sharp reduction in the short-term interest rate. In addition, the analysis shows that this policy is unlikely from the perspective of the private agents, given the historical behavior of the U.S. monetary policy.

  7. The American Economy in Transition

    DTIC Science & Technology

    1983-03-01

    writes the budget. Business Week pp. 30-2, 11 February 1980. Jameson, Kenneth P. and Joseph Philips . Supply-side economics: a skeptical view. Economic...international monetary policy from World War I1 to the present. Berkeley: Univ. of Calif. Press, 1977. (HG 3881 .B547) Cagan, Philip . Recent monetary...October 1980. 41 Kotler , John. Foreign investments in the United States? Editorial Research Reports pp. 747-64, 12 October 1979. Longenecker, Jane

  8. Three essays on monetary policy responses to oil price shocks

    NASA Astrophysics Data System (ADS)

    Plante, Michael

    This dissertation contains three chapters which explore the question of how monetary policy should respond to changes in the price of oil. Each chapter explores the question from the perspective of a different economic environment. The first chapter examines welfare maximizing optimal monetary policy in a closed economy New Keynesian model that is extended to include household and firm demand for oil products, sticky wages, and capital accumulation. When households and firms demand oil products a natural difference arises between the Consumer Price Index (CPI), the core CPI, and the GDP deflator. I show that when nominal wages are flexible then the optimal policy places a heavy emphasis on stabilizing the inflation rate of the core CPI. If aggregate nominal wages are sticky then the central bank should focus on stabilizing some combination of core inflation and nominal wage inflation. Under no case examined is it optimal to stabilize either GDP deflator or CPI inflation. The second chapter examines monetary policy responses to oil price shocks in a small open economy with traded and non-traded goods. Oil and labor are used to produce the traded and non-traded goods and prices are sticky in the non-traded sector. I show analytically that the ratio of the oil and labor cost shares in the traded and non-traded sectors is crucial for determining the dynamic behavior of many macroeconomic variables after a rise in the price of oil. A policy of fixed exchange rates can produce higher or lower inflation in the non-traded sector depending upon the ratio. Likewise, a policy that stabilizes the inflation rate of prices in the non-traded sector can cause the nominal exchange rate to appreciate or depreciate. For the proper calibration, a policy that stabilizes core inflation produces results very close to the one that stabilizes non-traded inflation. Analytical results show that the fixed exchange rate always produces a unique solution. The policy of stabilizing non-traded inflation produces a unique solution so long as the nominal interest rate is raised more than one for one with increases in non-traded inflation. A policy of stabilizing core inflation, however, produces a unique solution only if the response is greater than one for one and less then one divided by one minus the share of the non-traded good in the CPI. In the third chapter I consider monetary and fiscal policy responses to oil price shocks in a low income oil importing country. The model used in this chapter differs from the model in the second chapter in that there is currency substitution, household demand for oil products, and a potential subsidy on the purchase of oil products by households. I examine the dynamic properties and the welfare implications of a set of inflation targeting policies and a group of policies that subsidize the price of oil and finance the subsidy through a combination of raising lump sum taxes and printing money. The dynamic properties of the inflation targeting policies are similar in many regards to those in the second chapter as the key assumptions driving the results are the same in the two models. For the policies which subsidize the price of oil I show that both the choice to have the subsidy and how to finance it matter a great deal for the behavior of the macroeconomic variables. In terms of welfare, for most calibrations there are only minor differences between the inflation targeting polices, the policy with a subsidy funded by lump sum taxes, and the baseline policy with no subsidy. The policy with a subsidy financed by the inflation tax generally causes significant welfare losses compared to the policy with no pass through.

  9. 14 CFR 13.303 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... 14 Aeronautics and Space 1 2010-01-01 2010-01-01 false Definitions. 13.303 Section 13.303 Aeronautics and Space FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION PROCEDURAL RULES INVESTIGATIVE AND ENFORCEMENT PROCEDURES Civil Monetary Penalty Inflation Adjustment § 13.303 Definitions. (a...

  10. How does money memorize social interactions? Understanding time-homogeneity in monetary systems

    NASA Astrophysics Data System (ADS)

    Braun, Dieter; Schmitt, Matthias; Schacker, Andreas

    2013-03-01

    Understanding how money shapes and memorizes our social interactions is central to modern life. There are many schools of thought on as to how monetary systems contribute to crises or boom/bust cycles and how monetary policy can try to avert them. We find that statistical physics gives a refreshing perspective. We analyze how credit mechanisms introduce non-locality and time-heterogeneity to the monetary memory. Motivated by an analogy to particle physics, locality and time-homogeneity can be imposed to monetary systems. As a result, a full reserve banking system is complemented with a bi-currency system of non-bank assets (``money'') and bank assets (``antimoney''). Payment can either be made by passing on money or by receiving antimoney. As a result, a free floating exchange rate between non-bank assets and bank assets is established. Interestingly, this monetary memory allows for credit creation by the simultaneous transfer of money and antimoney at a negotiated exchange rate. We analyze this novel mechanism of liquidity transfer in a model of random social interactions, yielding analytical results for all relevant distributions and the price of liquidity under the conditions of a fully transparent credit market.

  11. The Consequences of the FAA not Offering Emergency Agricultural UAS Rules for Water Conservation During the 2012 Drought

    NASA Astrophysics Data System (ADS)

    Darling, R. G.

    2016-12-01

    The FAA's policies for agricultural Unmanned Aerial Systems (UAS) is essential towards preservation and optimization of water use in the parched Western United States. Had FAA applied emergency rules putting farmers on equal-footing with hobbyists for sUAS use at the beginning of the 2012 drought, the Western US could have been able to save approximately 3 Million/AF of water through improved irrigation management. For perspective, Los Angeles city's annual current consumption is 587,000 acre-feet. This study uses various assumptions about developed water use in agriculture and urban areas to determine water use, energy consumption, monetary loss through delay in FAA regulations. If the saved water was added to the ground the energy savings could have been approximately 1.27 Terra-Watt hours, enough energy to power the entire University of California system for 5 years. It remains unclear if new FAA regulations are sufficiently permissive to allow for widespread adoption of sUAS based precision agriculture. Substantial opportunities exist for utilizing UAS traffic management software in rural areas of less crowed airspace: incorporating geofencing and a notification system to operators and air traffic control as an alternative to a difficult examination process.

  12. 26 CFR 1.985-8 - Special rules applicable to the European Monetary Union (conversion to euro).

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ...) In which the QBU begins to maintain its books and records (as described in § 1.989(a)-1(d)) in the... if— (A) Under the rules set forth in § 1.985-1(c), the euro is the currency of the economic... maintains its books and records (as described in § 1.989(a)-1(d)) in the euro; and (C) The QBU is not...

  13. Pilot Study: Impact of Computer Simulation on Students' Economic Policy Performance. Pilot Study.

    ERIC Educational Resources Information Center

    Domazlicky, Bruce; France, Judith

    Fiscal and monetary policies taught in macroeconomic principles courses are concepts that might require both lecture and simulation methods. The simulation models, which apply the principles gleened from comparative statistics to a dynamic world, may give students an appreciation for the problems facing policy makers. This paper is a report of a…

  14. Implications of China's Open-Door Policy for Families: A Family Impact Analysis

    ERIC Educational Resources Information Center

    Quach, Andrew S.; Anderson, Elaine A.

    2008-01-01

    China's open-door policy (ODP) was created in 1978 as a response to the severe economic depression affecting the country after the Cultural Revolution. The policy was designed to restore China's financial status and lift the nation out of destitution. By all accounts, the ODP has been successful in improving the country's monetary condition.…

  15. The Relative Strength of Fiscal and Monetary Policy in Saudi Arabia

    DTIC Science & Technology

    1988-01-01

    Looney * " INTRODUCTION In the early 1960s Milton Friedman and David Meiselman(l) undertook a series of statistical comparisons of several simple...Postgraduate School Montercy, California 93943 USA. (I) M. Friedman and David Mcisclman, " The Relative Stability of Monetary Velocity and the Investment...Economic Review (Sep- tember I96S), pp. 693-728. (3) Cr. Jurgen Westphalen, " Friedman versus Keynes in Latin America", Intercconomics (July/August

  16. Transnational tobacco company influence on tax policy during privatization of a state monopoly: British American Tobacco and Uzbekistan.

    PubMed

    Gilmore, Anna; Collin, Jeff; Townsend, Joy

    2007-11-01

    The International Monetary Fund encourages privatization of state-owned tobacco industries. Privatization tends to lower cigarette prices, which encourages consumption. This could be countered with effective tax policies. We explored how investment by British American Tobacco (BAT) influenced tax policy in Uzbekistan during privatization there. We obtained internal documents from BAT and analyzed them using a hermeneutic process to create a chronology of events. BAT thoroughly redesigned the tobacco taxation system in Uzbekistan. It secured (1) a reduction of approximately 50% in the excise tax on cigarettes, (2) an excise system to benefit its brands and disadvantage those of its competitors (particularly Philip Morris), and (3) a tax stamp system from which it hoped to be exempted, because this would likely facilitate its established practice of cigarette smuggling and further its competitive advantage.. Privatization can endanger effective tobacco excise policies. The International Monetary Fund should review its approach to privatization and differentiate the privatization of an industry whose product kills from privatization of other industries.

  17. Single European currency and Monetary Union. Macroeconomic implications for pharmaceutical spending.

    PubMed

    Kanavos, P

    1998-01-01

    This article examines the potential implications of introducing a single currency among the Member States of the European Union for national pharmaceutical prices and spending. In doing so, it provides a brief account of the direct effects of introducing a single currency on pharmaceutical business. These are static in nature and include the elimination of exchange rate volatility and transaction costs, increased price transparency and limited potential for parallel trade. It subsequently analyses the potential medium and long term macroeconomic policy choices facing the Member States and their impact on pharmaceutical spending following the introduction of a single currency. These include policy directions in order to meet the Maastricht convergence criteria in the run-up to forming an Economic and Monetary Union (EMU) and the implications of EMU on national macroeconomic policy thereafter. This article argues that the necessity for tight fiscal policies across the EU and, in particular, in those Member States facing high budget deficits and overall debt levels, will continue to exert considerable downward pressure on pharmaceutical spending.

  18. Monetary Expansion and the Banking Lending Channel.

    PubMed

    Tabak, Benjamin Miranda; Moreira, Tito Belchior Silva; Fazio, Dimas Mateus; Cavalcanti, André Luiz Cordeiro; Cunha, George Henrrique de Moura

    2016-01-01

    This paper examines the bank lending channel, which considers how monetary authority actions affect the variation of loans. We focus on the BRICS (Brazil, Russia, India, China and South Africa) totalizing 1254 banks from five countries in the period 2000-2012 (totalizing 13 years). The empirical results show that the effect of money supply growth on the growth of loans is non-linear and inverted U-shaped. In this context, our results show empirical evidence expansionary monetary policies do not increase the propensity of economic agents to systematically take greater risks on the market. After a certain level of money stock, increases in the money supply do not lead to increased negotiated credit.

  19. Monetary Expansion and the Banking Lending Channel

    PubMed Central

    Moreira, Tito Belchior Silva; Fazio, Dimas Mateus; Cavalcanti, André Luiz Cordeiro; Cunha, George Henrrique de Moura

    2016-01-01

    This paper examines the bank lending channel, which considers how monetary authority actions affect the variation of loans. We focus on the BRICS (Brazil, Russia, India, China and South Africa) totalizing 1254 banks from five countries in the period 2000–2012 (totalizing 13 years). The empirical results show that the effect of money supply growth on the growth of loans is non-linear and inverted U-shaped. In this context, our results show empirical evidence expansionary monetary policies do not increase the propensity of economic agents to systematically take greater risks on the market. After a certain level of money stock, increases in the money supply do not lead to increased negotiated credit. PMID:27716816

  20. Clean Air Excellence Awards

    EPA Pesticide Factsheets

    These non-monetary awards honor sustainable efforts toward pollutant emissions reduction from innovators in clean air technology, community action and outreach, policy development, and transportation efficiency.

  1. Achieving and sustaining full employment.

    PubMed

    Rosen, S M

    1995-01-01

    Human rights and public health considerations provide strong support for policies that maximize employment. Ample historical and conceptual evidence supports the feasibility of full employment policies. New factors affecting the labor force, the rate of technological change, and the globalization of economic activity require appropriate policies--international as well as national--but do not invalidate the ability of modern states to apply the measures needed. Among these the most important include: (I) systematic reduction in working time with no loss of income, (2) active labor market policies, (3) use of fiscal and monetary measures to sustain the needed level of aggregate demand, (4) restoration of equal bargaining power between labor and capital, (5) social investment in neglected and outmoded infrastructure, (6) accountability of corporations for decisions to shift or reduce capital investment, (7) major reductions in military spending, to be replaced by socially needed and economically productive expenditures, (8) direct public sector job creation, (9) reform of monetary policy to restore emphasis on minimizing unemployment and promoting full employment. None are without precedent in modern economies. The obstacles are ideological and political. To overcome them will require intellectual clarity and effective advocacy.

  2. To Pay or Not to Pay: Examining Underlying Principles in the Debate on Financial Support for Family Caregivers

    ERIC Educational Resources Information Center

    Keefe, Janice

    2007-01-01

    In many countries one approach to supporting family-and-friend caregivers is direct financial or monetary support. Debates about the benefits and consequences of such policies pervade the literature. Building on the premise that values underlie public policy, the paper examines four policy paradoxes in the literature and uses selected examples…

  3. Modelling the monetary value of a QALY: a new approach based on UK data.

    PubMed

    Mason, Helen; Jones-Lee, Michael; Donaldson, Cam

    2009-08-01

    Debate about the monetary value of a quality-adjusted life year (QALY) has existed in the health economics literature for some time. More recently, concern about such a value has arisen in UK health policy. This paper reports on an attempt to 'model' a willingness-to-pay-based value of a QALY from the existing value of preventing a statistical fatality (VPF) currently used in UK public sector decision making. Two methods of deriving the value of a QALY from the existing UK VPF are outlined: one conventional and one new. The advantages and disadvantages of each of the approaches are discussed as well as the implications of the results for policy and health economic evaluation methodology.

  4. To give or sell human gametes--the interplay between pragmatics, policy and ethics.

    PubMed

    Daniels, K R

    2000-06-01

    The ever-growing acceptance and use of assisted human reproduction techniques has caused demand for "donated" sperm and eggs to outstrip supply. Medical professionals and others argue that monetary reward is the only way to recruit sufficient numbers of "donors". Is this a clash between pragmatics and policy/ethics? Where monetary payments are the norm, alternative recruitment strategies used successfully elsewhere may not have been considered, nor the negative consequences of commercialism on all participants thought through. Considerations leading some countries to ban the buying and selling of sperm, eggs and embryos are outlined and a case made that the collective welfare of all involved parties be the primary consideration in this, at times heated, debate.

  5. Optimal monetary policy and oil price shocks

    NASA Astrophysics Data System (ADS)

    Kormilitsina, Anna

    This dissertation is comprised of two chapters. In the first chapter, I investigate the role of systematic U.S. monetary policy in the presence of oil price shocks. The second chapter is devoted to studying different approaches to modeling energy demand. In an influential paper, Bernanke, Gertler, and Watson (1997) and (2004) argue that systematic monetary policy exacerbated the recessions the U.S. economy experienced in the aftermath of post World War II oil price shocks. In the first chapter of this dissertation, I critically evaluate this claim in the context of an estimated medium-scale model of the U.S. business cycle. Specifically, I solve for the Ramsey optimal monetary policy in the medium-scale dynamic stochastic general equilibrium model (henceforth DSGE) of Schmitt-Grohe and Uribe (2005). To model the demand for oil, I use the approach of Finn (2000). According to this approach, the utilization of capital services requires oil usage. In the related literature on the macroeconomic effects of oil price shocks, it is common to calibrate structural parameters of the model. In contrast to this literature, I estimate the parameters of my DSGE model. The estimation strategy involves matching the impulse responses from the theoretical model to responses predicted by an empirical model. For estimation, I use the alternative to the classical Laplace type estimator proposed by Chernozhukov and Hong (2003). To obtain the empirical impulse responses, I identify an oil price shock in a structural VAR (SVAR) model of the U.S. business cycle. The SVAR model predicts that, in response to an oil price increase, GDP, investment, hours, capital utilization, and the real wage fall, while the nominal interest rate and inflation rise. These findings are economically intuitive and in line with the existing empirical evidence. Comparing the actual and the Ramsey optimal monetary policy response to an oil price shock, I find that the optimal policy allows for more inflation, a larger drop in wages, and a rise in hours compared to those actually observed. The central finding of this Chapter is that the optimal policy is associated with a smaller drop in GDP and other macroeconomic variables. The latter results therefore confirm the claim of Bernanke, Gertler and Watson that monetary policy was to a large extent responsible for the recessions that followed the oil price shocks. However, under the optimal policy, interest rates are tightened even more than what is predicted by the empirical model. This result contrasts sharply with the claim of Bernanke, Gertler, and Watson that the Federal Reserve exacerbated recessions by the excessive tightening of interest rates in response to the oil price increases. In contrast to related studies that focus on output stabilization, I find that eliminating the negative response of GDP to an oil price shock is not desirable. In the second chapter of this dissertation, I compare two approaches to modeling energy sector. Because the share of energy in GDP is small, models of energy have been criticized for their inability to explain sizeable effects of energy price increases on the economic activity. I find that if the price of energy is an exogenous AR(1) process, then the two modeling approaches produce the responses of GDP similar in size to responses observed in most empirical studies, but fail to produce the timing and the shape of the response. DSGE framework can solve the timing and the shape of impulse responses problem, however, fails to replicate the size of the impulse responses. Thus, in DSGE frameworks, amplifying mechanisms for the effect of the energy price shock and estimation based calibration of model parameters are needed to produce the size of the GDP response to the energy price shock.

  6. The Decision to Engage Cognitive Control Is Driven by Expected Reward-Value: Neural and Behavioral Evidence

    PubMed Central

    Dixon, Matthew L.; Christoff, Kalina

    2012-01-01

    Cognitive control is a fundamental skill reflecting the active use of task-rules to guide behavior and suppress inappropriate automatic responses. Prior work has traditionally used paradigms in which subjects are told when to engage cognitive control. Thus, surprisingly little is known about the factors that influence individuals' initial decision of whether or not to act in a reflective, rule-based manner. To examine this, we took three classic cognitive control tasks (Stroop, Wisconsin Card Sorting Task, Go/No-Go task) and created novel ‘free-choice’ versions in which human subjects were free to select an automatic, pre-potent action, or an action requiring rule-based cognitive control, and earned varying amounts of money based on their choices. Our findings demonstrated that subjects' decision to engage cognitive control was driven by an explicit representation of monetary rewards expected to be obtained from rule-use. Subjects rarely engaged cognitive control when the expected outcome was of equal or lesser value as compared to the value of the automatic response, but frequently engaged cognitive control when it was expected to yield a larger monetary outcome. Additionally, we exploited fMRI-adaptation to show that the lateral prefrontal cortex (LPFC) represents associations between rules and expected reward outcomes. Together, these findings suggest that individuals are more likely to act in a reflective, rule-based manner when they expect that it will result in a desired outcome. Thus, choosing to exert cognitive control is not simply a matter of reason and willpower, but rather, conforms to standard mechanisms of value-based decision making. Finally, in contrast to current models of LPFC function, our results suggest that the LPFC plays a direct role in representing motivational incentives. PMID:23284730

  7. Advantages of type and screen policy: Perspective from a developing country!

    PubMed

    Aggarwal, Geet; Tiwari, Aseem K; Arora, Dinesh; Dara, Ravi C; Acharya, Devi P; Bhardwaj, Gunjan; Sharma, Jyoti

    2018-01-01

    The authors' center recently changed their pretransfusion testing protocol from "conventional" type and screen (TS) with anti-human globulin (AHG) crossmatch (Policy A) to TS with immediate-spin (IS) crossmatch (Policy B). Red blood cell (RBC) units were issued after compatible IS crossmatch as and when required instead of AHG crossmatch. This study was conducted to compare the effects of change of policy from A to B over 1-year period on crossmatch-to-transfusion (C/T) ratio, RBC issue turnaround time (TAT), outdating of RBC, man-hours consumption, and monetary savings. This was a comparative, prospective study conducted by the Department of Transfusion Medicine of a tertiary hospital-based blood bank in Northern India. The Policy B was implemented in the department from January 2014. Relevant retrospective data for comparison of the previous 1 year, when Policy A was practiced, were derived from hospital information system. 23909 and 24724 RBC units transfused to patients admitted to the hospital during respective 1-year period of practice for Policy A and B. There was significant reduction in C/T ratio (1.94 vs. 1.01) and RBC issue TAT (79 vs. 65 min) with Policy B. Expiry due to outdating reduced (37 vs. zero) along with man-hours (16% reduction) and monetary (33% reduction) savings. Use of 'TS with IS crossmatch' policy provides multiple advantages to all the stakeholders; blood banker, clinician, patient, and the hospital management.

  8. 10 CFR 600.20 - Maximum DOE obligation.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... 10 Energy 4 2010-01-01 2010-01-01 false Maximum DOE obligation. 600.20 Section 600.20 Energy DEPARTMENT OF ENERGY (CONTINUED) ASSISTANCE REGULATIONS FINANCIAL ASSISTANCE RULES General § 600.20 Maximum DOE obligation. (a) The maximum DOE obligation to the recipient is— (1) For monetary awards, the...

  9. 77 FR 64431 - Civil Monetary Penalty Inflation Adjustment Rule

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-22

    ... Rail Carrier (Part A), Motor and Water Carriers (Part B), and Pipeline Carrier (Part C) provisions of... related to motor carriers, water carriers, brokers, and freight forwarders appears at 49 U.S.C. 14901... forwarders, Motor carriers, Pipeline carriers, Rail carriers, Water carriers. Decided: October 12, 2012. By...

  10. 20 CFR 10.2 - What do these regulations contain?

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... records, and a description of rights and penalties under the FECA, including convictions for fraud. (b... payment of monetary compensation benefits for disability, impairment and death. It includes the provisions... of medical providers. (j) Subpart J. Death Gratuity. The rules relating to the payment of the death...

  11. 20 CFR 10.2 - What do these regulations contain?

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... records, and a description of rights and penalties under the FECA, including convictions for fraud. (b... payment of monetary compensation benefits for disability, impairment and death. It includes the provisions... of medical providers. (j) Subpart J. Death Gratuity. The rules relating to the payment of the death...

  12. 20 CFR 10.2 - What do these regulations contain?

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... records, and a description of rights and penalties under the FECA, including convictions for fraud. (b... payment of monetary compensation benefits for disability, impairment and death. It includes the provisions... of medical providers. (j) Subpart J. Death Gratuity. The rules relating to the payment of the death...

  13. Monetary Policy and Economic Performance: Views Before and After the Freeze.

    ERIC Educational Resources Information Center

    Yeager, Leland B.

    To assist policy makers, scholars, businessmen, the press, and the public by providing objective analysis of national and international issues, this research institute has presented a special economic analysis which details the views of a University professor of economics on the recent United States wage-price freeze. Focusing on the shortcomings…

  14. Transnational Tobacco Company Influence on Tax Policy During Privatization of a State Monopoly: British American Tobacco and Uzbekistan

    PubMed Central

    Gilmore, Anna; Collin, Jeff; Townsend, Joy

    2007-01-01

    Objectives. The International Monetary Fund encourages privatization of state-owned tobacco industries. Privatization tends to lower cigarette prices, which encourages consumption. This could be countered with effective tax policies. We explored how investment by British American Tobacco (BAT) influenced tax policy in Uzbekistan during privatization there. Methods. We obtained internal documents from BAT and analyzed them using a hermeneutic process to create a chronology of events. Results. BAT thoroughly redesigned the tobacco taxation system in Uzbekistan. It secured (1) a reduction of approximately 50% in the excise tax on cigarettes, (2) an excise system to benefit its brands and disadvantage those of its competitors (particularly Philip Morris), and (3) a tax stamp system from which it hoped to be exempted, because this would likely facilitate its established practice of cigarette smuggling and further its competitive advantage.. Conclusions. Privatization can endanger effective tobacco excise policies. The International Monetary Fund should review its approach to privatization and differentiate the privatization of an industry whose product kills from privatization of other industries. PMID:17138915

  15. Using wavelets to decompose the time frequency effects of monetary policy

    NASA Astrophysics Data System (ADS)

    Aguiar-Conraria, Luís; Azevedo, Nuno; Soares, Maria Joana

    2008-05-01

    Central banks have different objectives in the short and long run. Governments operate simultaneously at different timescales. Many economic processes are the result of the actions of several agents, who have different term objectives. Therefore, a macroeconomic time series is a combination of components operating on different frequencies. Several questions about economic time series are connected to the understanding of the behavior of key variables at different frequencies over time, but this type of information is difficult to uncover using pure time-domain or pure frequency-domain methods. To our knowledge, for the first time in an economic setup, we use cross-wavelet tools to show that the relation between monetary policy variables and macroeconomic variables has changed and evolved with time. These changes are not homogeneous across the different frequencies.

  16. Cost-benefit analysis for sheltered employment service programs for people with disabilities in Taiwan - a preliminary study.

    PubMed

    Wang, Yun-Tung; Lin, Yi-Jiun; Shu, Ching-Hsien

    2012-01-01

    The aim of this study is to do a cost-benefit analysis with monetary and non-monetary benefits for sheltered employment service programs and try to provide more evidence-based information for policy makers and practitioners to understand the outcomes of sheltered employment services. This study analyzed 3 sheltered employment service programs for people with disabilities (2006-2007) implemented by Sunshine Social Welfare Foundation in Taiwan using cost-benefit analysis (including non-monetary benefits). Three groups were analyzed, including participants in the programs, taxpayers, and society (participants and taxpayers). This study found that the net social monetary benefit was $NT29,432.07 per participant per year and the benefit cost ratio was 1.43. (In 2006-2007, $US1 = $NT32.5 averagely around.) The net monetary benefit for the participants was between $NT7,890.86 and $NT91,890.86 per participant per year. On the non-monetary benefit side, the physical health (raised 7.49%), social relationship (raised 3.36%) domains, and general quality of life (raised 2.53%) improved. However, the psychological (decreased 1.51%) and working/environment (decreased 3.85%) domains backslided. In addition, the differences between pre-test and post-test average scores of all domains were not statistically significant. This study is the first to use monetary and non-monetary cost-benefit analysis methods to analyze sheltered employment service programs for people with disabilities in Taiwan. The findings indicated that sheltered employment service programs for people with disabilities could be efficient and beneficial for the whole society and sheltered employees/clients, and also helpful for raising their quality of lives.

  17. A Study in West German Stabilization Policy, 1956-1974. German Studies Notes. First Draft.

    ERIC Educational Resources Information Center

    Neumann, Manfred J. M.

    The dominant driving force of past movements in West German output and prices is investigated and a review of government policy undertaken to stabilize these movements is presented. Three alternative impulse hypotheses are tested: the monetary, the fiscal, and the foreign impulse hypothesis. The major results of the tests are that: (1) monetary…

  18. JPRS Report, China.

    DTIC Science & Technology

    1991-04-16

    mice , color monitors, image Industrial Production Rises Over 6 Percent First 2 scanners, key-boards and drawing cards in 1990. Months The center...Adjusting Industrial Structure, Suggestions 32 Experts Forecast 1991 Market Trends [ZHONGGUO TONGJI XIAOXI BAO 11 Feb] ................. 35 Price Index of...Policies Regarding Industrial Structure in Hunan [HUNAN RIBAO 5 Feb] ........................... 45 Bank Official Views 1991 Monetary Policies [JINRONG

  19. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-09-16

    through which the economy entered a recession. To date, financial markets remain volatile, new losses have been announced at major financial institutions ...intervention in the financial markets .16 The 11 See, for example, Frederic Mishkin , “Housing and the...have sought to contain damages spilling over from housing and financial markets to the broader economy, including monetary policy, which is the

  20. 34 CFR 60.1 - What are the policies of the Department regarding indemnification?

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... DEPARTMENT OF EDUCATION EMPLOYEES § 60.1 What are the policies of the Department regarding indemnification? (a)(1) The Department of Education may indemnify, in whole or in part, an employee for any verdict, judgment, or other monetary award rendered against the employee if— (i) The conduct giving rise to the...

  1. The social crisis of the Eurozone: the case of Spain.

    PubMed

    Navarro, Vicente

    2013-01-01

    This article discusses the consequences of the austerity policies promoted by the European Central Bank, the European Commission, and the International Monetary Fund and applied to the peripheral countries of the Eurozone, including Spain. In addition to deteriorating the economic conditions of these countries, these policies are hurting the social well-being of their populations.

  2. Investigation of Education Databases in Four States To Support Policy Research on Resource Allocation. Policy Report

    ERIC Educational Resources Information Center

    Pan, Diane; Smith-Hansen, Lotte; Jones, Debra Hughes; Rudo, Zena H.; Alexander, Celeste; Kahlert, Rahel Kahlert, Rahel

    2004-01-01

    Information is one of the most important tools education decision makers need to help them effectively spend taxpayer money, allocate qualified staff, and determine the effectiveness of education investments. Decision makers must understand the role and influence of monetary and staff resources on the education system, and they must have…

  3. 78 FR 9845 - Minimum and Ordinary Maximum and Aggravated Maximum Civil Monetary Penalties for a Violation of...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-12

    ... Penalties for a Violation of the Hazardous Materials Transportation Laws or Regulations, Orders, Special... final rule applies to all violations of the Federal hazardous materials transportation laws or a... Hazardous Materials Transportation Safety Improvement Act of 2012-revises the maximum and minimum civil...

  4. 14 CFR 250.9 - Written explanation of denied boarding compensation and boarding priorities.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... of air carrier), you are probably entitled to monetary compensation. This notice explains the airline... of (name of air carrier): (In this space the carrier inserts its boarding priority rules or a summary... compensation is based shall include any surcharge and air transportation tax. “Alternate transportation” is air...

  5. Quantum Barro-Gordon game in monetary economics

    NASA Astrophysics Data System (ADS)

    Samadi, Ali Hussein; Montakhab, Afshin; Marzban, Hussein; Owjimehr, Sakine

    2018-01-01

    Classical game theory addresses decision problems in multi-agent environment where one rational agent's decision affects other agents' payoffs. Game theory has widespread application in economic, social and biological sciences. In recent years quantum versions of classical games have been proposed and studied. In this paper, we consider a quantum version of the classical Barro-Gordon game which captures the problem of time inconsistency in monetary economics. Such time inconsistency refers to the temptation of weak policy maker to implement high inflation when the public expects low inflation. The inconsistency arises when the public punishes the weak policy maker in the next cycle. We first present a quantum version of the Barro-Gordon game. Next, we show that in a particular case of the quantum game, time-consistent Nash equilibrium could be achieved when public expects low inflation, thus resolving the game.

  6. Benefits on public health from transport-related greenhouse gas mitigation policies in Southeastern European cities.

    PubMed

    Sarigiannis, D A; Kontoroupis, P; Nikolaki, S; Gotti, A; Chapizanis, D; Karakitsios, S

    2017-02-01

    Climate change is a major environmental threat of our time. Cities have a significant impact on greenhouse gas emissions as most of the traffic, industry, commerce and more than 50% of world population is situated in urban areas. Southern Europe is a region that faces financial turmoil, enhanced migratory fluxes and climate change pressure. The case study of Thessaloniki is presented, one of the only two cities in Greece with established climate change action plans. The effects of feasible traffic policies in year 2020 are assessed and their potential health impact is compared to a business as usual scenario. Two types of measures are investigated: operation of underground rail in the city centre and changes in fleet composition. Potential co-benefits from reduced greenhouse gas emissions on public health by the year 2020 are computed utilizing state-of-the-art concentration response functions for PM x , NO 2 and C 6 H 6 . Results show significant environmental health and monetary co-benefits when the city metro is coupled with appropriate changes in the traffic composition. Monetary savings due to avoided mortality or leukaemia incidence corresponding to the reduction in PM 10 , PM 2.5, NO 2 and C 6 H 6 exposure will be 56.6, 45, 37.7 and 1.0 million Euros respectively. Promotion of 'green' transportation in the city (i.e. the wide use of electric vehicles), will provide monetary savings from the reduction in PM 10 , PM 2.5 , NO 2 and C 6 H 6 exposure up to 60.4, 49.1, 41.2 and 1.08 million Euros. Overall, it was shown that the respective GHG emission reduction policies resulted in clear co-benefits in terms of air quality improvement, public health protection and monetary loss mitigation. Copyright © 2016 Elsevier B.V. All rights reserved.

  7. Policy Borrowing and Transfer, and Policy Convergence: Justifications for the Adoption of the Bologna Process in the CEMAC Region and the Cameroonian Higher Education System through the LMD Reform

    ERIC Educational Resources Information Center

    Eta, Elizabeth Agbor

    2015-01-01

    The borrowing and transfer of policies, ideas and practices from one system to another may in part explain the convergence of educational systems. Using text documents as research material, this paper examines the adoption and transfer of Bologna Process (BP) ideas in the Economic and Monetary Community of Central Africa (CEMAC) and in the…

  8. Statistical ensembles for money and debt

    NASA Astrophysics Data System (ADS)

    Viaggiu, Stefano; Lionetto, Andrea; Bargigli, Leonardo; Longo, Michele

    2012-10-01

    We build a statistical ensemble representation of two economic models describing respectively, in simplified terms, a payment system and a credit market. To this purpose we adopt the Boltzmann-Gibbs distribution where the role of the Hamiltonian is taken by the total money supply (i.e. including money created from debt) of a set of interacting economic agents. As a result, we can read the main thermodynamic quantities in terms of monetary ones. In particular, we define for the credit market model a work term which is related to the impact of monetary policy on credit creation. Furthermore, with our formalism we recover and extend some results concerning the temperature of an economic system, previously presented in the literature by considering only the monetary base as a conserved quantity. Finally, we study the statistical ensemble for the Pareto distribution.

  9. Health impact and monetary cost of exposure to particulate matter emitted from biomass burning in large cities.

    PubMed

    Sarigiannis, Dimosthenis Α; Karakitsios, Spyros P; Kermenidou, Marianthi V

    2015-08-15

    The study deals with the assessment of health impact and the respective economic cost attributed to particulate matter (PM) emitted into the atmosphere from biomass burning for space heating, focusing on the differences between the warm and cold seasons in 2011-2012 and 2012-2013 in Thessaloniki (Greece). Health impact was assessed based on estimated exposure levels and the use of established WHO concentration-response functions (CRFs) for all-cause mortality, infant mortality, new chronic bronchitis cases, respiratory and cardiac hospital admissions. Monetary cost was based on the valuation of the willingness-to-pay/accept (WTP/WTA), to avoid or compensate for the loss of welfare associated with illness. Results showed that long term mortality during the 2012-2013 winter increased by 200 excess deaths in a city of almost 900,000 inhabitants or 3540 years of life lost, corresponding to an economic cost of almost 200-250m€. New chronic bronchitis cases dominate morbidity estimates (490 additional new cases corresponding to a monetary cost of 30m€). Estimated health and monetary impacts are more severe during the cold season, despite its smaller duration (4 months). Considering that the increased ambient air concentrations (and the integral of outdoor/indoor exposure) are explained by shifting from oil to biomass for domestic heating purposes, several alternative scenarios were evaluated. Policy scenario analysis revealed that significant public health and monetary benefits (up to 2b€ in avoided mortality and 130m€ in avoided illness) might be obtained by limiting the biomass share in the domestic heat energy mix. Fiscal policy affecting fuels/technologies used for domestic heating needs to be reconsidered urgently, since the net tax loss from avoided oil taxation due to reduced consumption was further compounded by the public health cost of increased mid-term morbidity and mortality. Copyright © 2015 Elsevier B.V. All rights reserved.

  10. 32 CFR 536.57 - Who should negotiate.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... exceeding the monetary authority delegated by regulation. It is DA policy to delegate USARCS authority, on a... conducted by a non-attorney, under the supervision of an attorney. For further discussion see DA Pam 27-162...

  11. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-12-09

    financial markets remain volatile, new losses have been announced at major financial institutions , and responses outside traditional monetary policy have...states, middle class tax cuts, and business tax cuts. Also in 2008 and 2009, the government intervened in specific financial markets by providing...broad intervention into the financial markets was passed to avoid the spread of financial instability; but there are disadvantages, including leaving

  12. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-02-27

    through which the economy entered a recession. To date, financial markets remain volatile, new losses have been announced at major financial institutions ...have sought to contain damages spilling over from housing and financial markets to the broader economy, including monetary policy, which is the...compensation in June and November of 2008. Over the past few months, the government has also intervened in specific financial markets , including

  13. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-01-16

    recession. To date, financial markets remain volatile, new losses have been announced at major financial institutions , and responses outside traditional...have sought to contain damages spilling over from housing and financial markets to the broader economy, including monetary policy, which is the...compensation in June and November of 2008. Over the past few months, the government has also intervened in specific financial markets , including financial

  14. Health-related external cost assessment in Europe: methodological developments from ExternE to the 2013 Clean Air Policy Package.

    PubMed

    van der Kamp, Jonathan; Bachmann, Till M

    2015-03-03

    "Getting the prices right" through internalizing external costs is a guiding principle of environmental policy making, one recent example being the EU Clean Air Policy Package released at the end of 2013. It is supported by impact assessments, including monetary valuation of environmental and health damages. For over 20 years, related methodologies have been developed in Europe in the Externalities of Energy (ExternE) project series and follow-up activities. In this study, we aim at analyzing the main methodological developments over time from the 1990s until today with a focus on classical air pollution-induced human health damage costs. An up-to-date assessment including the latest European recommendations is also applied. Using a case from the energy sector, we identify major influencing parameters: differences in exposure modeling and related data lead to variations in damage costs of up to 21%; concerning risk assessment and monetary valuation, differences in assessing long-term exposure mortality risks together with assumptions on particle toxicity explain most of the observed changes in damage costs. These still debated influencing parameters deserve particular attention when damage costs are used to support environmental policy making.

  15. How International Monetary Fund and World Bank policies undermine labor power and rights.

    PubMed

    Lloyd, Vincent; Weissman, Robert

    2002-01-01

    Based on reviews of hundreds of loan and project documents from the International Monetary Fund (IMF) and World Bank, this article provides detailed evidentiary support for critics who have long claimed that the international financial institutions require Third World countries to adopt policies that harm the interests of working people. After reviewing loan documents between the IMF and World Bank and 26 countries, the authors show that the institutions' loan conditionalities include a variety of provisions that undermine labor rights, labor power, and tens of millions of workers' standard of living. These include downsizing of the civil service and privatization of government-owned enterprises; promotion of labor flexibility: the notion that firms should be able to hire and fire workers, or change terms and conditions of work, with minimal regulatory restrictions; mandated wage rate reductions, minimum-wage reductions or containment, and spreading the wage gap between government employees and managers; and pension reforms, including privatization, that cut social security benefits. These labor-related policies take place in the context of broader IMF and World Bank structural adjustment packages that emphasize trade liberalization, with macroeconomic policies that further advance corporate interests at the expense of labor.

  16. The Implications of China’s Economic Statecraft

    DTIC Science & Technology

    2012-03-19

    the U.S. Monetary Policy , Finance and U.S. Treasury Securities Closely tied to the previously discussed issue of the renminbi exchange rate is the...largely because of its exchange rate policy . In order to limit the appreciation of the renminbi against the dollar, China must purchase U.S. dollars...additional 20 years to inch from one-third to one-half.63 Over-reliance on Foreign Trade. Closely related to its currency exchange policy issues, the

  17. 78 FR 66643 - Civil Monetary Penalty Inflation Adjustment Rule

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-06

    ... Consumer Price Index \\2\\ for all-urban consumers (CPI-U) for the month of June of the calendar year... Index for all-urban consumers published by the Department of Labor.'' Interested parties may find the... $11,000 $11,000 $16,000 $16,000 BASED PAINT HAZARD REDUCTION ACT OF 1992. 42 U.S.C. 4910(a)(2) NOISE...

  18. The financial crisis and global health: the International Monetary Fund's (IMF) policy response.

    PubMed

    Ruckert, Arne; Labonté, Ronald

    2013-09-01

    In this article, we interrogate the policy response of the International Monetary Fund (IMF) to the global financial crisis, and discuss the likely global health implications, especially in low-income countries. In doing so, we ask if the IMF has meaningfully loosened its fiscal deficit targets in light of the economic challenges posed by the financial crisis and adjusted its macro-economic policy advice to this new reality; or has the rhetoric of counter-cyclical spending failed to translate into additional fiscal space for IMF loan-recipient countries, with negative health consequences? To answer these questions, we assess several post-crisis IMF lending agreements with countries requiring financial assistance, and draw upon recent academic studies and civil society reports examining policy conditionalities still being prescribed by the IMF. We also reference recent studies examining the health impacts of these conditionalities. We demonstrate that while the IMF has been somewhat more flexible in its crisis response than in previous episodes of financial upheaval, there has been no meaningful rethinking in the application of dominant neoliberal macro-economic policies. After showing some flexibility in the initial crisis response, the IMF is pushing for excessive contraction in most low and middle-income countries. We conclude that there remains a wide gap between the rhetoric and the reality of the IMF's policy and programming advice, with negative implications for global health.

  19. Research as due diligence: What can supply-side interventions accomplish and at what cost?

    PubMed

    Greenfield, Victoria A; Paoli, Letizia

    2017-03-01

    Supply-side interventions, which we define as laws, regulations, enforcement activities, and other measures that extend from drug production to dealing, feature prominently in drug policy and related expenditures internationally, but have undergone relatively little rigorous, empirical evaluation. We argue for filling the knowledge gap and highlight three areas of particular concern: first, the policy community knows less than it should about the efficacy of supply-side interventions; second, it lacks sufficient understanding of the scope, magnitude, and practical implications of adverse consequences that accompany such interventions; third, it lacks tools to gauge the balance of benefits and costs, both monetary and non-monetary. Our interest has been in developing a harm-based approach to address these concerns and we put forward a "harm assessment framework" for that purpose. Copyright © 2017 Elsevier B.V. All rights reserved.

  20. The Regime Shift Associated with the 2004–2008 US Housing Market Bubble

    PubMed Central

    Cheong, Siew Ann

    2016-01-01

    The Subprime Bubble preceding the Subprime Crisis of 2008 was fueled by risky lending practices, manifesting in the form of a large abrupt increase in the proportion of subprime mortgages issued in the US. This event also coincided with critical slowing down signals associated with instability, which served as evidence of a regime shift or phase transition in the US housing market. Here, we show that the US housing market underwent a regime shift between alternate stable states consistent with the observed critical slowing down signals. We modeled this regime shift on a universal transition path and validated the model by estimating when the bubble burst. Additionally, this model reveals loose monetary policy to be a plausible cause of the phase transition, implying that the bubble might have been deflatable by a timely tightening of monetary policy. PMID:27583633

  1. Forecasting of palm oil price in Malaysia using linear and nonlinear methods

    NASA Astrophysics Data System (ADS)

    Nor, Abu Hassan Shaari Md; Sarmidi, Tamat; Hosseinidoust, Ehsan

    2014-09-01

    The first question that comes to the mind is: "How can we predict the palm oil price accurately?" This question is the authorities, policy makers and economist's question for a long period of time. The first reason is that in the recent years Malaysia showed a comparative advantage in palm oil production and has become top producer and exporter in the world. Secondly, palm oil price plays significant role in government budget and represents important source of income for Malaysia, which potentially can influence the magnitude of monetary policies and eventually have an impact on inflation. Thirdly, knowledge on the future trends would be helpful in the planning and decision making procedures and will generate precise fiscal and monetary policy. Daily data on palm oil prices along with the ARIMA models, neural networks and fuzzy logic systems are employed in this paper. Empirical findings indicate that the dynamic neural network of NARX and the hybrid system of ANFIS provide higher accuracy than the ARIMA and static neural network for forecasting the palm oil price in Malaysia.

  2. A fractal comparison of real and Austrian business cycle models

    NASA Astrophysics Data System (ADS)

    Mulligan, Robert F.

    2010-06-01

    Rescaled range and power spectral density analysis are applied to examine a diverse set of macromonetary data for fractal character and stochastic dependence. Fractal statistics are used to evaluate two competing models of the business cycle, Austrian business cycle theory and real business cycle theory. Strong evidence is found for antipersistent stochastic dependence in transactions money (M1) and components of the monetary aggregates most directly concerned with transactions, which suggests an activist monetary policy. Savings assets exhibit persistent long memory, as do those monetary aggregates which include savings assets, such as savings money (M2), M2 minus small time deposits, and money of zero maturity (MZM). Virtually all measures of economic activity display antipersistence, and this finding is invariant to whether the measures are adjusted for inflation, including real gross domestic product, real consumption expenditures, real fixed private investment, and labor productivity. This strongly disconfirms real business cycle theory.

  3. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-04-03

    have sought to contain damages spilling over from housing and financial markets to the broader economy, including monetary policy, which is the...compensation in June and November of 2008. Over the past few months, the government has also intervened in specific financial markets , including financial ...into the financial markets has been passed to avoid the spread of financial instability into the broader market but there are disadvantages

  4. Economic Stimulus: Issues and Policies

    DTIC Science & Technology

    2009-01-23

    have sought to contain damages spilling over from housing and financial markets to the broader economy, including monetary policy, which is the...compensation in June and November of 2008. Over the past few months, the government has also intervened in specific financial markets , including financial ...intervention into the financial markets has been passed to avoid the spread of financial instability into the broader market but there are disadvantages

  5. The Global Financial Crisis: The Role of the International Monetary Fund (IMF)

    DTIC Science & Technology

    2009-02-04

    of Europe and create a set of international institutions to resolve many of the economic issues—such as protectionist trade policies and unstable...lender of last resort for countries afflicted by such crises. Current IMF operations and responsibilities can be grouped into three areas : surveillance...lending, and technical assistance. Surveillance involves monitoring economic and financial developments and providing policy advice to member

  6. The Budget of the United States Government. Department of Defense Extract for Fiscal Years 1988 and 1989

    DTIC Science & Technology

    1989-01-01

    due simply to chance—it is the result of successful policies adopted during the past 6 years. Disposable personal income is at an all-time high and...of the 7 previous postwar expansions in duration, and leading economic indicators point to continued growth ahead. Our policies have worked. Let me...relieving the economy of excessive regulation and paperwork; and • supporting a sound and stable monetary policy . BUDGET SUMMARY (In billions of

  7. 12 CFR 614.4900 - Foreign exchange.

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ... Cooperatives and Agricultural Credit Banks Financing International Trade § 614.4900 Foreign exchange. (a... international financial activities. The bank's policies should include established guidelines for: (1) Net... Department of the Treasury pertaining to currency exchange activities and international transfers of monetary...

  8. Monetary and Fiscal Policy Interactions in the Euro Area

    DTIC Science & Technology

    2004-03-01

    Balassa - Samuelson -Effekt, Nr. 3/2002, erschienen in: Stefan Reitz (Hg.): Theoretische und wirtschaftspolitische Aspekte der internatio- nalen Integration...156, 2000, S. 646-660. Friihere Diskussionsbeitriige zur Finanzwissenschaft Josten, Stefan, Crime, Inequality, and Economic Growth. A Classical Argument

  9. 77 FR 24415 - Inflation Adjustment of the Aggravated Maximum Civil Monetary Penalty for a Violation of a...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-04-24

    ... to counter the effect that inflation has had on the CMPs by having the agencies charged with... under those laws. C. Federalism This final rule will not have a substantial effect on the States, on the... agency ``shall, unless otherwise prohibited by law, assess the effects of Federal regulatory actions on...

  10. Monetary burden of health impacts of air pollution in Mumbai, India: implications for public health policy.

    PubMed

    Patankar, A M; Trivedi, P L

    2011-03-01

    Mumbai, a mega city with a population of more than 12 million, is experiencing acute air pollution due to commercial activity, a boom in construction and vehicular traffic. This study was undertaken to investigate the link between air pollution and health impacts for Mumbai, and estimate the monetary burden of these impacts. Cross-sectional data were subjected to logistic regression to analyse the link between air pollution and health impacts, and the cost of illness approach was used to measure the monetary burden of these impacts. Data collected by the Environmental Pollution Research Centre at King Edward Memorial Hospital in Mumbai were analysed using logistic regression to investigate the link between air pollution and morbidity impacts. The monetary burden of morbidity was estimated through the cost of illness approach. For this purpose, information on treatment costs and foregone earnings due to illness was obtained through the household survey and interviews with medical practitioners. Particulate matter (PM(10)) and nitrogen dioxide (NO(2)) emerged as the critical pollutants for a range of health impacts, including symptoms such as cough, breathlessness, wheezing and cold, and illnesses such as allergic rhinitis and chronic obstructive pulmonary disease (COPD). This study developed the concentration-response coefficients for these health impacts. The total monetary burden of these impacts, including personal burden, government expenditure and societal cost, is estimated at 4522.96 million Indian Rupees (INR) or US$ 113.08 million for a 50-μg/m(3) increase in PM(10), and INR 8723.59 million or US$ 218.10 million for a similar increase in NO(2). The estimated monetary burden of health impacts associated with air pollution in Mumbai mainly comprises out-of-pocket expenses of city residents. These expenses form a sizable proportion of the annual income of individuals, particularly those belonging to poor households. These findings have implications for public health policy, particularly accessibility and affordability of health care for poor households in Mumbai. The study provides a rationale for strengthening the public health services in the city to make them more accessible to poor households, especially those living in the slums of Mumbai. Copyright © 2010 The Royal Society for Public Health. Published by Elsevier Ltd. All rights reserved.

  11. The adverse effects of International Monetary Fund programs on the health and education workforce.

    PubMed

    Marphatia, Akanksha A

    2010-01-01

    Decades of underinvestment in public sectors and in teachers and health workers have adversely affected the health and educational outcomes of women. This is partly explained by a general lack of resources. However, the amount a country can spend on social sectors, including teachers and health workers, is also determined by its macroeconomic framework, which is set in agreement with the International Monetary Fund. There is now ample evidence of how IMF-imposed wage ceilings have constrained the ability of governments to hire adequate numbers of trained professionals and increase investment in social sectors. Though the IMF has recently removed wage ceilings from its basket of conditions, little change has taken place to ensure that women are better supported by macroeconomic policies or, at the least, are less adversely affected. Thus far, the IMF's neoliberal policies have either ignored gender concerns or instrumentalized equity, health, and education to support economic development. Unless macroeconomic policies are more flexible and deliberately take into account the different needs of women and men, social outcomes will continue to be poor and inequitable. Governments must pursue alternative, feminist policies that put the goals of social equity at the center of macroeconomic policy. These policies can facilitate increased investment in education and health care, which are vital measures for achieving gender equality and providing both women and men with the skills and training needed to soften the impact of the current economic crisis.

  12. 44 CFR 206.206 - Appeals.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... the Regional Administrator. The grantee shall review and evaluate all subgrantee appeals before submission to the Regional Administrator. The grantee may make grantee-related appeals to the Regional... the monetary figure in dispute and the provisions in Federal law, regulation, or policy with which the...

  13. 44 CFR 206.440 - Appeals.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... the Regional Administrator. The grantee shall review and evaluate all subgrantee appeals before submission to the Regional Administrator. The grantee may make grantee-related appeals to the Regional... the monetary figure in dispute and the provisions in Federal law, regulation, or policy with which the...

  14. Policy Governance Revisited.

    ERIC Educational Resources Information Center

    Price, William J.

    2001-01-01

    An administrator trainer/former superintendent's experience suggests that corporate governance models don't fit the reality of school governance in many districts. Elected board members define their roles differently than their business counterparts and derive little or no monetary benefit from public service. The "new breed" resemble…

  15. Education for Democracy.

    ERIC Educational Resources Information Center

    Hodder, Janyne M.

    1996-01-01

    Discusses the problems related to decreased spending for education. Argues in favor of greater accountability for two reasons: policy must be shaped through something other than monetary importance of a given lobby group; and the education debate should be public and democratic, engaging the entire citizenry. (JOW)

  16. Monetary Incentives and Organizational Change in Mexican Higher Education

    ERIC Educational Resources Information Center

    Moreno, Carlos Ivan

    2012-01-01

    This dissertation explores and explains the organizational responses of Mexican public state universities to an ambitious incentive-based policy created by the federal government in 2001: "The Integral Program for Institutional Strengthening" ("PIFI"). Drawing upon literature on organizational-environmental relationships and on…

  17. 75 FR 75911 - Adjustment of Monetary Threshold for Reporting Rail Equipment Accidents/Incidents for Calendar...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-07

    ...This rule increases the rail equipment accident/incident reporting threshold from $9,200 to $9,400 for certain railroad accidents/incidents involving property damage that occur during calendar year 2011. This action is needed to ensure that FRA's reporting requirements reflect cost increases that have occurred since the reporting threshold was last computed in December of 2009.

  18. 76 FR 72850 - Adjustment of Monetary Threshold for Reporting Rail Equipment Accidents/Incidents for Calendar...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-28

    ...This rule increases the rail equipment accident/incident reporting threshold from $9,400 to $9,500 for certain railroad accidents/incidents involving property damage that occur during calendar year 2012. This action is needed to ensure that FRA's reporting requirements reflect cost increases that have occurred since the reporting threshold was last published in December of 2010.

  19. 77 FR 71354 - Adjustment of Monetary Threshold for Reporting Rail Equipment Accidents/Incidents for Calendar...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-30

    ...This rule increases the rail equipment accident/incident reporting threshold from $9,500 to $9,900 for certain railroad accidents/incidents involving property damage that occur during calendar year 2013. This action is needed to ensure that FRA's reporting requirements reflect cost increases that have occurred since the reporting threshold was last published in November of 2011.

  20. Continuing inflation leading to erosion of purchasing power, unemployment and constraint of capital availability

    NASA Technical Reports Server (NTRS)

    1975-01-01

    The persistence of the current period of inflation and its apparent resistance to traditional fiscal and monetary policies implies a circular behavior that becomes increasingly impervious to ameliorative action. This behavior is attributed to: A concurrent industrial boom among industrialized nations; price and production policies; worldwide reductions in agricultural products; international shortages of natural resources and raw materials; and rise in multinational firms and merchant banking.

  1. Managing the downturn

    Treesearch

    Urs Buehlmann; Matt Bumgardner; Al Schuler; Jeff Crissey

    2008-01-01

    After years of seemingly unrestricted growth, the housing market has turned and is deteriorating fast. Housing construction and sales have slowed dramatically, foreclosures have skyrocketed and mortgage rates have increased modestly despite the Federal Reserve's easing of monetary policy. Given the increasingly high dependency of the wood products industry on...

  2. 77 FR 47070 - Withdrawal of the Commission Policy Statement on Monetary Equitable Remedies in Competition Cases

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-07

    ... that disgorgement should not be sought in cases of first impression. Whether conduct is common or novel.... As to the first factor, rarity or clarity of the violation is not an element considered by the courts...

  3. A Golden Opportunity for Currency Competition.

    ERIC Educational Resources Information Center

    Cobb, Joe

    1983-01-01

    The Federal Reserve makes mistakes in monetary policy and causes business cycles. A free market solution to the failure of central economic planning is competition in money and banking. A second currency, the "Gold Eagle," should be issued and allowed to compete with the dollar. (SR)

  4. 49 CFR 387.29 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    .... Financial responsibility the financial reserves (e.g., insurance policies or surety bonds) sufficient to... motor carrier. Insurance premium the monetary sum an insured pays an insurer for acceptance of liability... bench or split bench seat in a passenger car, truck or multi-purpose passenger vehicle with a gross...

  5. 14 CFR 1261.316 - Policy.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... damages against that employee personally, for any verdict, judgment, appeal bond, or other monetary award..., appeal bond, or award was taken within the scope of his or her employment and that such indemnification... documentation including copies of the verdict, judgment, appeal bond, award, or settlement proposal to the...

  6. 14 CFR 1261.316 - Policy.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... damages against that employee personally, for any verdict, judgment, appeal bond, or other monetary award..., appeal bond, or award was taken within the scope of his or her employment and that such indemnification... documentation including copies of the verdict, judgment, appeal bond, award, or settlement proposal to the...

  7. Determining Preferences Related to HIV Counselling and Testing Services Among High School Learners in KwaZulu-Natal: A Discrete Choice Experiment.

    PubMed

    Strauss, Michael; George, Gavin L; Rhodes, Bruce D

    2018-01-01

    A key strategy of the South African national response to HIV is the scale-up of HIV counselling and testing (HCT) in the 15-49 years age group. The integrated school health policy aims to guide the roll out of youth-friendly health services including the provision of HCT in schools. Using a discrete choice experiment to examine preferences regarding the attributes of HCT service packages, this study identifies barriers to and facilitators of HCT among high school learners. Monetary considerations were found to have the strongest effect of any attribute on choice, whilst confidentiality was found to be a primary concern for learners considering HCT. Policy makers and service providers must ensure that confidentiality is maintained, and could consider using monetary incentives as a way of increasing uptake of HCT. Programmes designed to reduce social stigma and improve education and knowledge dissemination around HCT and HIV, are vital in creating demand for HCT and changing attitudes among young people.

  8. Methods, systems, and computer program products for network firewall policy optimization

    DOEpatents

    Fulp, Errin W [Winston-Salem, NC; Tarsa, Stephen J [Duxbury, MA

    2011-10-18

    Methods, systems, and computer program products for firewall policy optimization are disclosed. According to one method, a firewall policy including an ordered list of firewall rules is defined. For each rule, a probability indicating a likelihood of receiving a packet matching the rule is determined. The rules are sorted in order of non-increasing probability in a manner that preserves the firewall policy.

  9. Fallen Heroes of 9/11 Act

    THOMAS, 112th Congress

    Rep. Shuster, Bill [R-PA-9

    2011-09-07

    House - 10/04/2011 Referred to the Subcommittee on Domestic Monetary Policy and Technology. (All Actions) Notes: For further action, see H.R.3421, which became Public Law 112-76 on 12/23/2011. Tracker: This bill has the status IntroducedHere are the steps for Status of Legislation:

  10. 24 CFR 576.102 - Emergency shelter component.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ..., dating violence, sexual assault, or stalking, including services offered by rape crisis centers and... Real Property Acquisition Policies Act of 1970 (URA). Eligible costs are the costs of providing URA... reasonable monetary value assigned to the building, such as the value assigned by an independent real estate...

  11. In Praise of Monetary Motivation.

    ERIC Educational Resources Information Center

    Piamonte, John S.

    1979-01-01

    Although management has built remuneration policies on the belief that money does not motivate personnel, the author states that the best way to encourage high performance is still money if administered correctly. He discusses behavior theories, incentive/contingency principles, the weaknesses of many merit pay schemes, and factors in employee…

  12. Banking Structure and Monetary Policy: New Wine in Old Bottles.

    ERIC Educational Resources Information Center

    Hacche, John

    1989-01-01

    Provides an extension of the basic banking model used in introductory economics courses. This expanded model introduces the concept of banking capital and reserves, and includes the relationship existing between current issues and banking structure and money supply growth. Provides worksheet exercises and answers. (LS)

  13. Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight

    DTIC Science & Technology

    2009-05-27

    Representatives Subject: Financial Management: DOD Needs to Clarify Its General Gift Fund Policies to Provide for Effective Oversight From fiscal...year 2005 through fiscal year 2008, the military services received about $295 million in monetary and nonmonetary gifts from individuals and...organizations wishing to donate gifts to the Department of Defense (DOD).1 Section 2601(a) of Title 10, U.S. Code is a long-standing authority under which

  14. The impact of the International Monetary Fund's macroeconomic policies on the AIDS pandemic.

    PubMed

    Baker, Brook K

    2010-01-01

    Expansion of funding for HIV/AIDS, especially treatment, is under attack over concerns about cost effectiveness and financial constraints. The International Monetary Fund is deeply implicated in the history of the AIDS pandemic, the underlying weakness of health systems, and the ideology of constrained resources that underlies most attacks on AIDS funding. The IMF imposed structural violence on developing countries in the 1980s and 1990s through neoliberal and macroeconomic reforms that intensified individual and communal vulnerability to infection and dismantled already weak health systems. This same macroeconomic fundamentalism has recently been repackaged and renamed. IMF fundamentalist policies continue to prioritize low inflation, constricted government spending, robust foreign currency reserves, and prompt repayment of debt at the expense of investments in health and more expansionary, pro-growth and job-creation policies. Several recent surveys have concluded that the IMF reluctantly relaxed overly restrictive policy prescriptions in response to the global economic crisis, but this relaxation was temporary at best and only extended to countries previously acceding to IMF orthodoxy. AIDS activists are campaigning for billions of dollars to fulfill the promise of universal access. If IMF pressures persist, developing countries will continue to undermine the additionality of donor health financing by substituting donor for domestic financing, refusing to invest in recurrent costs for medicines and health workers, and neglecting needed investments in health infrastructure and health system strengthening.

  15. The Mexico City Policy: a "gag rule" that violates free speech and democratic values.

    PubMed

    Cohen, S A

    1998-04-01

    With the support of the Republican leadership of the US House of Representatives, Representative Chris Smith of New Jersey continues to attempt to limit provision of US family planning (FP) funding to foreign nongovernmental organizations (NGOs) who agree to enforce absolute prohibitions on engaging in abortion-related activities. Despite the fact that the House is withholding funds to meet US obligations to the UN and to support the International Monetary Fund, US President Clinton refuses to give in to pressure to enforce what amounts to a "gag rule." The Secretary of State explains that Clinton has no intention of punishing organizations engaging in free-speech protected democratic activities in foreign countries. Smith has offered a self-styled "compromise" that would allow Clinton to waive disqualification for a foreign NGO offering abortion services with its own funds in compliance with the laws of its country. This waiver would penalize the international FP program by $44 million and would not apply to the broad prohibitions against abortion lobbying (including lobbying for changes in laws, sponsoring conferences and workshops on "alleged" defects in abortion laws, and drafting and distributing materials or public statements on "alleged defects"). Smith's emphasis on the "lobbying" ban has widened the issue from a debate on abortion to a debate on democracy and free speech. Opposition to Smith's proposal is, thus, rising in many quarters. Smith also endorses withholding US contributions to the UN Population Fund because the fund has resumed work in China.

  16. Reconstructing Economics in Light of the 2007-? Financial Crisis

    ERIC Educational Resources Information Center

    Friedman, Benjamin M.

    2010-01-01

    The lessons learned from the recent financial crisis should significantly reshape the economics profession's thinking, including, importantly, what we teach our students. Five such lessons are that we live in a monetary economy and therefore aggregate demand and policies that affect aggregate demand are determinants of real economic outcomes; that…

  17. JPRS Report, East Asia, Southeast Asia.

    DTIC Science & Technology

    1988-04-11

    forex reserve has surged, our policy is to continue creating monetary stability, espe- cially during the present tight money situation, which is...were in the range of 6.5-7.0 per cent in a week of continuing tight money supply. In the forex market, premiums for one-month dollar forward deals

  18. 31 CFR 132.6 - Non-exclusive examples of policies and procedures.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... Finance MONETARY OFFICES, DEPARTMENT OF THE TREASURY PROHIBITION ON FUNDING OF UNLAWFUL INTERNET GAMBLING... determination regarding the risk the commercial customer presents of engaging in an Internet gambling business... that the commercial customer presents a minimal risk of engaging in an Internet gambling business. (ii...

  19. 31 CFR 132.6 - Non-exclusive examples of policies and procedures.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... Finance MONETARY OFFICES, DEPARTMENT OF THE TREASURY PROHIBITION ON FUNDING OF UNLAWFUL INTERNET GAMBLING... determination regarding the risk the commercial customer presents of engaging in an Internet gambling business... that the commercial customer presents a minimal risk of engaging in an Internet gambling business. (ii...

  20. 31 CFR 132.6 - Non-exclusive examples of policies and procedures.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... Finance MONETARY OFFICES, DEPARTMENT OF THE TREASURY PROHIBITION ON FUNDING OF UNLAWFUL INTERNET GAMBLING... determination regarding the risk the commercial customer presents of engaging in an Internet gambling business... that the commercial customer presents a minimal risk of engaging in an Internet gambling business. (ii...

  1. 7 CFR 1.501 - Policy on employee indemnification.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... her employment, giving rise to a verdict, judgment, or other monetary award rendered against the... her discretion, that the conduct giving rise to such verdict, judgment, or award was taken within the... United States. (c) The Department of Agriculture may pay for the settlement or compromise of a personal...

  2. Interactions Between Monetary and Fiscal Policies in the Euro Area

    DTIC Science & Technology

    2006-03-01

    185-210. "* Haucap, Justus, Uwe Pauly & Christian Wey, Collective Wage Setting When Wages Are Generally Binding: An Antitrust Perspective, Nr. 106 (2000...Generations Model, Nr. 8/1999. "* Henning, Andreas & Wolfgang Greiner, Organknappheit im Transplantationswesen - L6sungs- ansditze aus 6konomischer Sicht, Nr. 7

  3. 31 CFR 132.6 - Non-exclusive examples of policies and procedures.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... Finance MONETARY OFFICES, DEPARTMENT OF THE TREASURY PROHIBITION ON FUNDING OF UNLAWFUL INTERNET GAMBLING... determination regarding the risk the commercial customer presents of engaging in an Internet gambling business... that the commercial customer presents a minimal risk of engaging in an Internet gambling business. (ii...

  4. 76 FR 5250 - Departmental Offices; Proposed Collection; Comment Request

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-01-28

    .... The Office of International Monetary and Financial Policy within the Department of the Treasury is soliciting comments concerning Extension of Foreign Currency Form FC-1 (OMB No. 1505-0012) Weekly Consolidated Foreign Currency Report of Major Market Participants, Extension of Form FC-2 (OMB No. 1505-0010...

  5. MONETARY POLICY AND THE FINANCING OF HIGHER EDUCATION.

    ERIC Educational Resources Information Center

    SWAN, ELIOT J.

    COMMERCIAL BANKS ARE EXPECTED TO PLAY AN INCREASINGLY IMPORTANT ROLE IN THE EXTENSION OF CREDIT UNDER THE HIGHER EDUCATION ACT OF 1965, AND BANKERS' ASSOCIATIONS ARE ACTIVELY PARTICIPATING IN THE DEVELOPMENT OF THIS PROGRAM. HOWEVER, THE EXTENT OF COMMERCIAL BANK PARTICIPATION CANNOT BE ENTIRELY INSULATED FROM THE BROADER PROBLEMS ASSOCIATED WITH…

  6. Iran Transparency and Accountability Act of 2011

    THOMAS, 112th Congress

    Rep. Deutch, Theodore E. [D-FL-19

    2011-02-16

    House - 03/23/2011 Referred to the Subcommittee on International Monetary Policy and Trade. (All Actions) Notes: For further action, see H.R.1905, which became Public Law 112-158 on 8/10/2012. Tracker: This bill has the status IntroducedHere are the steps for Status of Legislation:

  7. Revised Interim Final Consolidated Enforcement Response and Penalty Policy for the Pre-Renovation Education Rule; Renovation, Repair and Painting Rule; and Lead-Based Paint Activities Rule

    EPA Pesticide Factsheets

    This is the revised version of the Interim Final Consolidated Enforcement Response and Penalty Policy for the Pre-Renovation Education Rule; Renovation, Repair and Painting Rule; and Lead-Based Paint Activities Rule.

  8. Financing health development projects: some macro-economic considerations.

    PubMed

    Sorkin, A L

    1986-01-01

    The paper briefly discusses the importance of macro-economic policy in health sector financing. The ways in which monetary and fiscal policy (macro-economic policy) affect interest rates, price levels and aggregate output are presented. The main portion of the paper considers a variety of methods for public financing of health and development projects. These approaches are analyzed in light of distributional and efficiency considerations. One way of increasing health sector resources is through reallocation from other sectors of the economy. The potential for redistribution from the defense to the health service industry is briefly considered.

  9. On dynamics in a Keynesian model of monetary stabilization policy with debt effect

    NASA Astrophysics Data System (ADS)

    Asada, Toichiro; Demetrian, Michal; Zimka, Rudolf

    2018-05-01

    In this paper, a four-dimensional model of flexible prices with the central bank's stabilization policy, describing the development of the firms' private debt, the output, the expected rate of inflation and the rate of interest is analyzed. Questions concerning the existence of limit cycles around its normal equilibrium point are investigated. The bifurcation equation is found. The formulae for the calculation of its coefficients are gained. A numerical example is presented by means of numerical simulations.

  10. Environmental cost-effectiveness analysis in intertemporal natural resource policy: evaluation of selective fishing gear.

    PubMed

    Kronbak, Lone Grønbæk; Vestergaard, Niels

    2013-12-15

    In most decision-making involving natural resources, the achievements of a given policy (e.g., improved ecosystem or biodiversity) are rather difficult to measure in monetary units. To address this problem, the current paper develops an environmental cost-effectiveness analysis (ECEA) to include intangible benefits in intertemporal natural resource problems. This approach can assist managers in prioritizing management actions as least cost solutions to achieve quantitative policy targets. The ECEA framework is applied to a selective gear policy case in Danish mixed trawl fisheries in Kattegat and Skagerrak. The empirical analysis demonstrates how a policy with large negative net benefits might be justified if the intangible benefits are included. Copyright © 2013 Elsevier Ltd. All rights reserved.

  11. The dynamic correlation between policy uncertainty and stock market returns in China

    NASA Astrophysics Data System (ADS)

    Yang, Miao; Jiang, Zhi-Qiang

    2016-11-01

    The dynamic correlation is examined between government's policy uncertainty and Chinese stock market returns in the period from January 1995 to December 2014. We find that the stock market is significantly correlated to policy uncertainty based on the results of the Vector Auto Regression (VAR) and Structural Vector Auto Regression (SVAR) models. In contrast, the results of the Dynamic Conditional Correlation Generalized Multivariate Autoregressive Conditional Heteroscedasticity (DCC-MGARCH) model surprisingly show a low dynamic correlation coefficient between policy uncertainty and market returns, suggesting that the fluctuations of each variable are greatly influenced by their values in the preceding period. Our analysis highlights the understanding of the dynamical relationship between stock market and fiscal and monetary policy.

  12. Integrating policy-based management and SLA performance monitoring

    NASA Astrophysics Data System (ADS)

    Liu, Tzong-Jye; Lin, Chin-Yi; Chang, Shu-Hsin; Yen, Meng-Tzu

    2001-10-01

    Policy-based management system provides the configuration capability for the system administrators to focus on the requirements of customers. The service level agreement performance monitoring mechanism helps system administrators to verify the correctness of policies. However, it is difficult for a device to process the policies directly because the policies are the management concept. This paper proposes a mechanism to decompose a policy into rules that can be efficiently processed by a device. Thus, the device may process the rule and collect the performance statistics information efficiently; and the policy-based management system may collect these performance statistics information and report the service-level agreement performance monitoring information to the system administrator. The proposed policy-based management system achieves both the policy configuration and service-level agreement performance monitoring requirements. A policy consists of a condition part and an action part. The condition part is a Boolean expression of a source host IP group, a destination host IP group, etc. The action part is the parameters of services. We say that an address group is compact if it only consists of a range of IP address that can be denoted by a pair of IP address and corresponding IP mask. If the condition part of a policy only consists of the compact address group, we say that the policy is a rule. Since a device can efficiently process a compact address and a system administrator prefers to define a range of IP address, the policy-based management system has to translate policy into rules and supplements the gaps between policy and rules. The proposed policy-based management system builds the relationships between VPN and policies, policy and rules. Since the system administrator wants to monitor the system performance information of VPNs and policies, the proposed policy-based management system downloads the relationships among VPNs, policies and rules to the SNMP agents. The SNMP agents build the management information base (MIB) of all VPNs, policies and rules according to the relationships obtained from the management server. Thus, the proposed policy-based management system may get all performance monitoring information of VPNs and policies from agents. The proposed policy-based manager achieves two goals: a) provide a management environment for the system administrator to configure their network only considering the policy requirement issues and b) let the device have only to process the packet and then collect the required performance information. These two things make the proposed management system satisfy both the user and device requirements.

  13. Political legitimacy and European monetary union: contracts, constitutionalism and the normative logic of two-level games

    PubMed Central

    Bellamy, Richard; Weale, Albert

    2015-01-01

    ABSTRACT The crisis of the euro area has severely tested the political authority of the European Union (EU). The crisis raises questions of normative legitimacy both because the EU is a normative order and because the construction of economic and monetary union (EMU) rested upon a theory that stressed the normative value of the depoliticization of money. However, this theory neglected the normative logic of the two-level game implicit in EMU. It also neglected the need for an impartial and publically acceptable constitutional order to acknowledge reasonable disagreements. By contrast, we contend that any reconstruction of the EU's economic constitution has to pay attention to reconciling a European monetary order with the legitimacy of member state governance. The EU requires a two-level contract to meet this standard. Member states must treat each other as equals and be representative of and accountable to their citizens on an equitable basis. These criteria entail that the EU's political legitimacy requires a form of demoicracy that we call ‘republican intergovernmentalism’. Only rules that could be acceptable as the product of a political constitution among the peoples of Europe can ultimately meet the required standards of political legitimacy. Such a political constitution could be brought about through empowering national parliaments in EU decision-making. PMID:26924935

  14. Political legitimacy and European monetary union: contracts, constitutionalism and the normative logic of two-level games.

    PubMed

    Bellamy, Richard; Weale, Albert

    2015-02-07

    The crisis of the euro area has severely tested the political authority of the European Union (EU). The crisis raises questions of normative legitimacy both because the EU is a normative order and because the construction of economic and monetary union (EMU) rested upon a theory that stressed the normative value of the depoliticization of money. However, this theory neglected the normative logic of the two-level game implicit in EMU. It also neglected the need for an impartial and publically acceptable constitutional order to acknowledge reasonable disagreements. By contrast, we contend that any reconstruction of the EU's economic constitution has to pay attention to reconciling a European monetary order with the legitimacy of member state governance. The EU requires a two-level contract to meet this standard. Member states must treat each other as equals and be representative of and accountable to their citizens on an equitable basis. These criteria entail that the EU's political legitimacy requires a form of demoi cracy that we call 'republican intergovernmentalism'. Only rules that could be acceptable as the product of a political constitution among the peoples of Europe can ultimately meet the required standards of political legitimacy. Such a political constitution could be brought about through empowering national parliaments in EU decision-making.

  15. An evaluation of the International Monetary Fund's claims about public health.

    PubMed

    Stuckler, David; Basu, Sanjay; Gilmore, Anna; Batniji, Rajaie; Ooms, Gorik; Marphatia, Akanksha A; Hammonds, Rachel; McKee, Martin

    2010-01-01

    The International Monetary Fund's recent claims concerning its impact on public health are evaluated against available data. First, the IMF claims that health spending either does not change or increases with IMF-supported programs, but there is substantial evidence to the contrary. Second, the IMF claims to have relaxed strict spending requirements in response to the 2008-9 financial crisis, but there is no evidence supporting this claim, and some limited evidence from the Center for Economic Policy Research contradicting it. Third, the IMF states that wage ceilings on public health are no longer part of its explicit conditionalities to poor countries, as governments can choose how to achieve public spending targets; but in practice, ministers are left with few viable alternatives than to reduce health budgets to achieve specific IMF-mandated targets, so the result effectively preserves former policy. Fourth, the IMF's claim that it has increased aid to poor countries also seems to be contradicted by its policies of diverting aid to reserves, as well as evidence that a very small fraction of the Fund's new lending in response to the financial crisis has reached poor countries. Finally, the IMF's claim that it follows public health standards in tobacco control contrasts with its existing policies, which fail to follow the guidelines recommended by the World Bank and World Health Organization. The authors recommend that the IMF (1) become more transparent in its policies, practices, and data to allow improved independent evaluations of its impact on public health (including Health Impact Assessment) and (2) review considerable public health evidence indicating a negative association between its current policies and public health outcomes.

  16. Continuous punishment and the potential of gentle rule enforcement.

    PubMed

    Erev, Ido; Ingram, Paul; Raz, Ornit; Shany, Dror

    2010-05-01

    The paper explores the conditions that determine the effect of rule enforcement policies that imply an attempt to punish all the visible violations of the rule. We start with a simple game-theoretic analysis that highlights the value of gentle COntinuous Punishment (gentle COP) policies. If the subjects of the rule are rational, gentle COP can eliminate violations even when the rule enforcer has limited resources. The second part of the paper uses simulations to examine the robustness of gentle COP policies to likely deviations from rationality. The results suggest that when the probability of detecting violations is sufficiently high, gentle COP policies can be effective even when the subjects of the rule are boundedly rational adaptive learners. The paper concludes with experimental studies that clarify the value of gentle COP policies in the lab, and in attempt to eliminate cheating in exams. Copyright (c) 2009 Elsevier B.V. All rights reserved.

  17. Managing Risk in Producing Concerts and Other Major Campus Events: A Guide for Student Programmers.

    ERIC Educational Resources Information Center

    German, Carol J.

    1999-01-01

    Offers suggestions for campus-activities programmers on how to minimize liability for problems with concerts and other student-planned campus events. Discussion covers prevention of monetary loss, breach of contract issues, and preventing personal injuries and property damage. Specific preventive actions and policies are discussed. (MSE)

  18. International Financial Institution Policies of Conditionality and Public Pedagogy

    ERIC Educational Resources Information Center

    MacPhail, Scott; McGray, Robert

    2014-01-01

    Conditionalities are most broadly defined as the provisos that are to be met by a country when borrowing money from the International Financial Institutions (IFIs). Increasingly, they have proven to have far reaching consequences for countries entering into agreements with The World Bank, the International Monetary Fund, and the World Trade…

  19. 78 FR 44419 - Civil Monetary Penalties Inflation Adjustments

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-24

    ... Commission to adjust the civil penalties under its jurisdiction by using a cost-of-living adjustment (``COLA'') formula. The application of this COLA does not involve any Commission discretion or policy judgments. Thus... Commission must adjust civil penalties by a COLA defined as the percentage by which the U.S. Department of...

  20. 76 FR 39474 - Monthly Median Cost of Funds Reporting, and Publication of Cost of Funds Indices

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-06

    ... commenter noted that there are ``numerous adjustable interest rate home loans including loans sold to the... original indices; and (B) the substitution of the new indices will result in an interest rate substantially... direct substitute because of recent changes in interest rate relationships resulting from monetary policy...

  1. The Effect of Disability Insurance on Health Investment: Evidence from the Veterans Benefits Administration's Disability Compensation Program

    ERIC Educational Resources Information Center

    Singleton, Perry

    2009-01-01

    I examine whether individuals respond to monetary incentives to detect latent medical conditions. The effect is identified by a policy that deemed diabetes associated with herbicide exposure a compensable disability under the Veterans Benefits Administration's Disability Compensation program. Since a diagnosis is a requisite for benefit…

  2. 38 CFR 7.6 - Benefits.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... 38 Pensions, Bonuses, and Veterans' Relief 1 2012-07-01 2012-07-01 false Benefits. 7.6 Section 7.6... Soldiers' and Sailors' Civil Relief Act Amendments of 1942 § 7.6 Benefits. Any policy found to be entitled... such monetary benefits arising out of the contract or by reason thereof, will be held subject to...

  3. 38 CFR 7.6 - Benefits.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... 38 Pensions, Bonuses, and Veterans' Relief 1 2014-07-01 2014-07-01 false Benefits. 7.6 Section 7.6... Soldiers' and Sailors' Civil Relief Act Amendments of 1942 § 7.6 Benefits. Any policy found to be entitled... such monetary benefits arising out of the contract or by reason thereof, will be held subject to...

  4. 38 CFR 7.6 - Benefits.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 38 Pensions, Bonuses, and Veterans' Relief 1 2010-07-01 2010-07-01 false Benefits. 7.6 Section 7.6... Soldiers' and Sailors' Civil Relief Act Amendments of 1942 § 7.6 Benefits. Any policy found to be entitled... such monetary benefits arising out of the contract or by reason thereof, will be held subject to...

  5. 38 CFR 7.6 - Benefits.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... 38 Pensions, Bonuses, and Veterans' Relief 1 2013-07-01 2013-07-01 false Benefits. 7.6 Section 7.6... Soldiers' and Sailors' Civil Relief Act Amendments of 1942 § 7.6 Benefits. Any policy found to be entitled... such monetary benefits arising out of the contract or by reason thereof, will be held subject to...

  6. 38 CFR 7.6 - Benefits.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... 38 Pensions, Bonuses, and Veterans' Relief 1 2011-07-01 2011-07-01 false Benefits. 7.6 Section 7.6... Soldiers' and Sailors' Civil Relief Act Amendments of 1942 § 7.6 Benefits. Any policy found to be entitled... such monetary benefits arising out of the contract or by reason thereof, will be held subject to...

  7. Economics and Education for Human Flourishing: Wendell Berry and the "Oikonomic" Alternative to Neoliberalism

    ERIC Educational Resources Information Center

    Henderson, Joseph A.; Hursh, David W.

    2014-01-01

    Neoliberal ideologies and policies have transformed how we think about the economy, education, and the environment. Economics is presented as objective and quantifiable, best left to distant experts who develop algorithms regarding different monetary relations in our stead. This same kind of thinking--technical, numerical, decontextualized, and…

  8. Macroeconomic Stabilization When the Natural Real Interest Rate Is Falling

    ERIC Educational Resources Information Center

    Buttet, Sebastien; Roy, Udayan

    2015-01-01

    The authors modify the Dynamic Aggregate Demand-Dynamic Aggregate Supply model in Mankiw's widely used intermediate macroeconomics textbook to discuss monetary policy when the natural real interest rate is falling over time. Their results highlight a new role for the central bank's inflation target as a tool of macroeconomic stabilization. They…

  9. The Ignorant Donor: A Radical Reimagination of International Aid, Development, and Education

    ERIC Educational Resources Information Center

    Brehm, William C.; Silova, Iveta

    2010-01-01

    The logic behind international aid to development has typically centered on economics. Notwithstanding the variation in focus--from macroeconomic monetary and trade policies, to economic wealth programs aimed at creating jobs, to supply- and demand-side reforms--the central discourse on international aid has been dominated by a political…

  10. Economic growth and inflation rate: implications for municipal revenue and health expenditure of the municipalities of Pernambuco, Brazil.

    PubMed

    Feliciano, Marciana; Bezerra, Adriana Falangola Benjamin; Santo, Antônio Carlos Gomes do Espírito

    2017-06-01

    This paper analyzes the implications of municipal budget revenue growth and the monetary policy's inflation rates goals in the availability of public health resources of municipalities. This is a descriptive, exploratory, quantitative, retrospective and longitudinal cross-sectional study covering the period 2002-2011. We analyzed health financing and expenditure variables in the municipalities of the state of Pernambuco, Brazil, describing the trend and the relationship between them. Data showed the growth of the variables and trend towards homogeneity. The exception was for the participation of Intergovernmental Transfers in the Total Health Expenditure of the Municipality. We found a significant correlation between Budget Revenue per capita and Health Expenditure per capita and a strong significant negative correlation between Inflation Rate, Budget Revenue per capita and Health Expenditure per capita. We concluded that increased health expenditure is due more to higher municipal tax revenue than to increased transfers that, in relative terms, did not increase. The strong inverse relationship between inflation rate and the Financing and Expenditure variables show that the monetary policy's inflation goals have restricted health financing to municipalities.

  11. 42 CFR 431.18 - Availability of agency program manuals.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... its current rules and policies to— (1) Public and university libraries; (2) The local or district... rules and policies by individuals outside the State Medicaid agency. (b) State plan requirements. A..., copies of its current rules and policies that affect the public, including those that govern eligibility...

  12. Identifying Cost-Effective Dynamic Policies to Control Epidemics

    PubMed Central

    Yaesoubi, Reza; Cohen, Ted

    2016-01-01

    We describe a mathematical decision model for identifying dynamic health policies for controlling epidemics. These dynamic policies aim to select the best current intervention based on accumulating epidemic data and the availability of resources at each decision point. We propose an algorithm to approximate dynamic policies that optimize the population’s net health benefit, a performance measure which accounts for both health and monetary outcomes. We further illustrate how dynamic policies can be defined and optimized for the control of a novel viral pathogen, where a policy maker must decide (i) when to employ or lift a transmission-reducing intervention (e.g. school closure) and (ii) how to prioritize population members for vaccination when a limited quantity of vaccines first become available. Within the context of this application, we demonstrate that dynamic policies can produce higher net health benefit than more commonly described static policies that specify a pre-determined sequence of interventions to employ throughout epidemics. PMID:27449759

  13. Environmental damage costs from airborne pollution of industrial activities in the greater Athens, Greece area and the resulting benefits from the introduction of BAT

    DOE Office of Scientific and Technical Information (OSTI.GOV)

    Mirasgedis, S.; Hontou, V.; Georgopoulou, E.

    2008-01-15

    Attributing costs to the environmental impacts associated with industrial activities can greatly assist in protecting human health and the natural environment as monetary values are capable of directly influencing technological and policy decisions without changing the rules of the market. This paper attempts to estimate the external cost attributable to the atmospheric pollution from 'medium and high environmental burden' industrial activities located in the greater Athens area and the benefits from Best Available Techniques (BAT) introduction. To this end a number of typical installations were defined to be used in conjunction with the Impact Pathway Approach developed in the contextmore » of the ExternE project to model all industrial sectors/sub-sectors located in the area of interest. Total environmental externalities due to air pollutants emitted by these industrial activities were found to reach 211 M Euro per year, associated mainly with human mortality and morbidity due to PM{sub 10} emissions, as well as with climate change impacts due to CO{sub 2} emissions for which non-metallic minerals and oil processing industries are the main sources. The results obtained can be used as the basis for an integrated evaluation of potential BAT, taking into account not only private costs and benefits but also the environmental externalities, thus leading to policy decisions that maximize social welfare in each industrial sector/sub-sector.« less

  14. Efficient air pollution regulation of coal-fired power in China

    NASA Astrophysics Data System (ADS)

    Feng, Therese

    This dissertation evaluates monetary external costs of electricity generation in the People's Republic of China and implications for efficient pollution control policy. It presents an integrated assessment of environmental damages of air emissions of a representative new coal-fired plant in urban areas of north and south China. The simulation evaluates the nature and magnitude of damages in China, transboundary effects in Japan and Korea, and global greenhouse gas warming impacts. The valuation is used to identify efficient abatement policy for Chinese plants over time; evaluate benefits of differentiated policies; and consider the importance of dynamic policy. Potential annual damages of operating a 600-MW power plant without controls in China today would be 43-45 million (U.S. 1995). Annual local damages of 37-40 million far exceed transboundary or greenhouse gas damages (1.4 million and $4.6 million respectively). The largest component of damages is the risk of human mortality and chronic morbidity from long-term exposure to fine particles. Efficient pollution control minimizes the sum of abatement costs and residual unabated damages. Because monetary damages reflect sufferers' willingness to pay to avoid environmental risks, the choice of efficient controls is fundamentally tied to societal values and preferences. The optimal path for Chinese abatement moves from modest dispersion measures at present to combined dispersion and emission controls approaching those of current-day United States, by 2050. The inclusion of transboundary and greenhouse damages does not substantively alter local policies. Welfare benefits are gained by differentiating abatement policy by pollutant, meteorological parameters, and by population density. An analysis of optimal one-time investment in abatement for a plant in a growing economy suggests that some investment is optimal at all incomes but no single level of abatement is suitable for all economies. Forward-looking policy anticipates higher future values for environmental services and provides distinct welfare advantages over time compared to myopic or static policies-such as the imposition of developed country standards-especially if aggregate capacity growth is considered.

  15. Monetary conversion factors for economic evaluations of substance use disorders.

    PubMed

    McCollister, Kathryn; Yang, Xuan; Sayed, Bisma; French, Michael T; Leff, Jared A; Schackman, Bruce R

    2017-10-01

    Estimating the economic consequences of substance use disorders (SUDs) is important for evaluating existing programs and new interventions. Policy makers in particular must weigh program effectiveness with scalability and sustainability considerations in deciding which programs to fund with limited resources. This study provides a comprehensive list of monetary conversion factors for a broad range of consequences, services, and outcomes, which can be used in economic evaluations of SUD interventions (primarily in the United States), including common co-occurring conditions such as HCV and HIV. Economic measures were selected from standardized clinical assessment instruments that are used in randomized clinical trials and other research studies (e.g., quasi-experimental community-based projects) to evaluate the impact of SUD interventions. National datasets were also reviewed for additional SUD-related consequences, services, and outcomes. Monetary conversion factors were identified through a comprehensive literature review of published articles as well as targeted searches of other sources such as government reports. Eight service/consequence/outcome domains were identified containing more than sixty monetizable measures of medical and behavioral health services, laboratory services, SUD treatment, social services, productivity outcomes, disability outcomes, criminal activity and criminal justice services, and infectious diseases consequences. Unit-specific monetary conversion factors are reported, along with upper and lower bound estimates, whenever possible. Having an updated and standardized source of monetary conversion factors will facilitate and improve future economic evaluations of interventions targeting SUDs and other risky behaviors. This exercise should be repeated periodically as new sources of data become available to maintain the timeliness, comprehensiveness, and quality of these estimates. Copyright © 2017 The Authors. Published by Elsevier Inc. All rights reserved.

  16. Analysis of the uncertainty in the monetary valuation of ecosystem services--A case study at the river basin scale.

    PubMed

    Boithias, Laurie; Terrado, Marta; Corominas, Lluís; Ziv, Guy; Kumar, Vikas; Marqués, Montse; Schuhmacher, Marta; Acuña, Vicenç

    2016-02-01

    Ecosystem services provide multiple benefits to human wellbeing and are increasingly considered by policy-makers in environmental management. However, the uncertainty related with the monetary valuation of these benefits is not yet adequately defined or integrated by policy-makers. Given this background, our aim was to quantify different sources of uncertainty when performing monetary valuation of ecosystem services, in order to provide a series of guidelines to reduce them. With an example of 4 ecosystem services (i.e., water provisioning, waste treatment, erosion protection, and habitat for species) provided at the river basin scale, we quantified the uncertainty associated with the following sources: (1) the number of services considered, (2) the number of benefits considered for each service, (3) the valuation metrics (i.e. valuation methods) used to value benefits, and (4) the uncertainty of the parameters included in the valuation metrics. Results indicate that the highest uncertainty was caused by the number of services considered, as well as by the number of benefits considered for each service, whereas the parametric uncertainty was similar to the one related to the selection of valuation metric, thus suggesting that the parametric uncertainty, which is the only uncertainty type commonly considered, was less critical than the structural uncertainty, which is in turn mainly dependent on the decision-making context. Given the uncertainty associated to the valuation structure, special attention should be given to the selection of services, benefits and metrics according to a given context. Copyright © 2015 Elsevier B.V. All rights reserved.

  17. From heterogeneity to harmonization? Recent trends in European health policy.

    PubMed

    Gerlinger, Thomas; Urban, Hans-Jürgen

    2007-01-01

    In the European Union (EU), health policy and the institutional reform of health systems have been treated primarily as national affairs, and health care systems within the EU thus differ considerably. However, the health policy field is undergoing a dynamic process of Europeanization. This process is stimulated by the orientation towards a more competitive economy, recently inaugurated and known as the Lisbon Strategy, while the regulatory requirements of the European Economic and Monetary Union are stimulating the Europeanization of health policy. In addition, the so-called open method of coordination, representing a new mode of regulation within the European multi-level system, is applied increasingly to the health policy area. Diverse trends are thus emerging. While the Lisbon Strategy goes along with a strategic upgrading of health policy more generally, health policy is increasingly used to strengthen economic competitiveness. Pressure on Member States is expected to increase to contain costs and promote market-based health care provision.

  18. Evaluating California Campus Tobacco Policies Using the American College Health Association Guidelines and the Institutional Grammar Tool

    PubMed Central

    Roditis, Maria L; Wang, Donna; Glantz, Stanton; Fallin, Amanda

    2014-01-01

    Objective Measure comprehensiveness of California campus tobacco policies. Participants 16 campuses representing different regions, institution types, and policies. Research occurred June-August, 2013. Methods Comprehensiveness was scored using American College Health Association's (ACHA) Position Statement on Tobacco. The Institutional Grammar Tool was used to breakdown policy statements into Strategies, Norms, or Rules. Differences in ACHA score and number of Strategies, Norms, and Rules were assessed by region, policy, and institution type. Results Median ACHA score was 0.35 (scale of 0–1). Schools with 100% tobacco-free policies had highest ACHA scores, but failed to address relationships between schools and tobacco companies. Less than half the schools assessed (7/16) had Rules (enforceable penalties related to policies). In 67% of the policy statements, individuals doing the action were implied (not specifically stated). Conclusion Campuses should address ACHA recommendations related to campus relationships with tobacco companies, include enforceable rules, and specify individuals and entities covered by policy. PMID:25257333

  19. Dollar’s Vulnerability and the Implications for National Security

    DTIC Science & Technology

    2009-12-01

    higher inflation leads to exchange - rate depreciation as well as increased volatility. 36 This indicates that expansionary monetary policy would also...resulted in debasement and depreciation.7 Thus, exchange rate and currency convertibility problems...creation and evolution of international currencies. The problems of establishing and maintaining exchange rates and retaining value led to a system

  20. Inflation: The Rising Cost of Living on a Small Planet. Worldwatch Paper 34.

    ERIC Educational Resources Information Center

    Fuller, Robert

    Global inflation should be viewed more as a sympton of social problems than as an economic disease that can be cured by monetary and fiscal policy. Social problems signaled by inflation include exploding demand, rising costs for essential commodities, stagnating productivity, and a decline in the real standard of living. Inflation is interpreted…

  1. 34 CFR 60.1 - What are the policies of the Department regarding indemnification?

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ..., judgment, or other monetary award rendered against the employee if— (i) The conduct giving rise to the... (ii) The indemnification is in the interest of the United States, as determined by the Secretary. (2... giving rise to the personal damage claim occurred within the scope of employment; and (ii) The settlement...

  2. Do Alternative Base Periods Increase Unemployment Insurance Receipt among Low-Educated Unemployed Workers? National Poverty Center Working Paper Series #12-19

    ERIC Educational Resources Information Center

    Gould-Werth, Alix; Shaefer, H. Luke

    2012-01-01

    Unemployment Insurance (UI) is the major social insurance program that protects against lost earnings resulting from involuntary unemployment. Existing literature finds that low-earning unemployed workers experience difficulty accessing UI benefits. The most prominent policy reform designed to increase rates of monetary eligibility, and thus UI…

  3. Zimbabwe: Current Issues and U.S. Policy

    DTIC Science & Technology

    2007-06-21

    Monetary Fund ( IMF ) lending has been suspended for more than six years due to nonpayment of arrears, and foreign currency for essential imports... devalue the official exchange rate. Instead, in June 2006, Gono devalued the country’s currency , the Zimbabwe dollar, removing three zeros in an...27 The IMF and the World Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Attempts to Revive Agriculture Industry

  4. Personal Goals and Global Awareness of American Community College Women regarding Parenthood

    ERIC Educational Resources Information Center

    Strom, Robert D.; Strom, Paris S.

    2010-01-01

    Young women in many countries are choosing a future without children. The scope of decline in fertility rates among developed nations is described along with public policy efforts intended to reverse the course of population change. The initiatives commonly used to persuade women that they should become mothers are monetary incentives and…

  5. Evaluating the Impact of a Connecticut Program to Reduce Availability of Unhealthy Competitive Food in Schools

    ERIC Educational Resources Information Center

    Long, Michael W.; Henderson, Kathryn E.; Schwartz, Marlene B.

    2010-01-01

    Background: This article seeks to inform state and local school food policies by evaluating the impact of Connecticut's Healthy Food Certification (HFC), a program which provides monetary incentives to school districts that choose to implement state nutrition standards for all foods sold to students outside reimbursable school meals. Methods: Food…

  6. Monetary and Nonmonetary Student Incentives for Tutoring Services: A Randomized Controlled Trial

    ERIC Educational Resources Information Center

    Springer, Matthew G.; Rosenquist, Brooks A.; Swain, Walker A.

    2015-01-01

    In recent years, the largely punitive accountability measures imposed by the 2001 No Child Left Behind Act have given way to an emphasis on financial incentives. Although most policy interventions have focused primarily on linking teacher compensation to student test scores, several recent studies have examined the prospects for the use of…

  7. The Fed's Year of Transition

    ERIC Educational Resources Information Center

    Schug, Mark C.; Niederjohn, Scott

    2006-01-01

    The purpose of this article is to: (1) Examine the historical development of the Federal Reserve System; (2) Provide background on Ben Bernanke, the new Fed chairman; (3) Explain the basic tools of monetary policy used by the Fed; (4) Examine the causes of the Great Depression, a topic of special interest to Bernanke; and (5) Provide some key…

  8. The Post-Recession Employment Situation: A Comparative Perspective

    ERIC Educational Resources Information Center

    Couch, Kenneth A.

    2012-01-01

    Slow economic growth since the end of the U.S. recession in June of 2009 has not yet translated into increases in employment large enough to meaningfully reduce the rate of unemployment. Because expansionary macroeconomic policy has been pursued on both the fiscal and monetary fronts, it appears at first glance that the hands of government at this…

  9. The IS-LM Model: Is There a Connection between Slopes and the Effectiveness of Fiscal and Monetary Policy?

    ERIC Educational Resources Information Center

    Findlay, David W.

    1999-01-01

    Offers instructors a presentation of the IS (investment saving)-LM (liquidity preference-money supply) model, suggesting that a number of benefits emerge if the instructor focuses on what determines the size of both the horizontal and vertical distances between the IS curves and between the LM curves. (CMK)

  10. The International Monetary Fund and tobacco: a product like any other?

    PubMed

    Gilmore, Anna; Fooks, Gary; McKee, Martin

    2009-01-01

    The International Monetary Fund (IMF) has promoted the lifting of trade restrictions on tobacco and the privatization of state-owned tobacco industries as part of its loan conditions. Growing evidence shows that tobacco industry privatization stimulates tobacco consumption and smoking prevalence in borrowing countries. Privatized tobacco companies make favorable tobacco control policies a condition of their investment and lobby aggressively against further control measures. This, along with increased efficiency of the private sector, leads to increases in marketing, substantial reductions in excise taxes, drops in cigarette prices, and overall rises in sales of cigarettes. The actions of the IMF have therefore led to substantially greater use of tobacco, a product that kills half of its consumers when used as intended, with little evidence of economic gain.

  11. 77 FR 55519 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-10

    ...\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change to adopt existing NASD Interpretive Material... Policy The proposed rule change would replace several existing provisions in the Front Running Policy...-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving Proposed Rule Change...

  12. International Experiences with Quantifying the Co-Benefits of Energy-Efficiency and Greenhouse-Gas Mitigation Programs and Policies

    DOE Office of Scientific and Technical Information (OSTI.GOV)

    Williams, Christopher; Hasanbeigi, Ali; Price, Lynn

    Improving the efficiency of energy production and consumption and switching to lower carbon energy sources can significantly decrease carbon dioxide (CO2) emissions and reduce climate change impacts. A growing body of research has found that these measures can also directly mitigate many non-climate change related human health hazards and environmental damage. Positive impacts of policies and programs that occur in addition to the intended primary policy goal are called co-benefits. Policy analysis relies on forecasting and comparing the costs of policy and program implementation and the benefits that accrue to society from implementation. GHG reduction and energy efficiency policies andmore » programs face political resistance in part because of the difficulty of quantifying their benefits. On the one hand, climate change mitigation policy benefits are often global, long-term, and subject to large uncertainties, and subsidized energy pricing can reduce the direct monetary benefits of energy efficiency policies to below their cost. On the other hand, the co-benefits that accrue from these efforts’ resultant reductions in conventional air pollution (such as improved health, agricultural productivity, reduced damage to infrastructure, and local ecosystem improvements) are generally near term, local, and more certain than climate change mitigation benefits and larger than the monetary value of energy savings. The incorporation of co-benefits into energy efficiency and climate mitigation policy and program analysis therefore might significantly increase the uptake of these policies. Faster policy uptake is especially important in developing countries because ongoing development efforts that do not consider co-benefits may lock in suboptimal technologies and infrastructure and result in high costs in future years. Over the past two decades, studies have repeatedly documented that non-climate change related benefits of energy efficiency and fuel conversion efforts, as a part of GHG mitigation strategies, can be from between 30% to over 100% of the costs of such policies and programs strategies. Policy makers around the world are increasingly interested in including both GHG and non-GHG impacts in analyses of energy efficiency and fuel switching policies and programs and a set of methodologies has matured from the efforts of early moving jurisdictions such as the European Union, the United States, and Japan.« less

  13. 17 CFR 147.1 - General policy considerations, purpose and scope of rules relating to open Commission meetings.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false General policy considerations, purpose and scope of rules relating to open Commission meetings. 147.1 Section 147.1 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION OPEN COMMISSION MEETINGS § 147.1 General policy considerations, purpose and scope of rules...

  14. Search & Seizure in the Schools. A Model Policy and Rules.

    ERIC Educational Resources Information Center

    Bartlett, Larry; And Others

    The issue of search and seizure in the public schools is clouded by conflicting legal decisions. School policies and rules on the issue should be made only after considerable deliberation and community input. Because of the lack of clarity, this model of search and seizure policy and rules is intended only as a basis for consideration of the…

  15. ACHP | Section 106 Regulations Users Guide

    Science.gov Websites

    related rules, policy issues, opinions, and guidance documents Section 106: The Rules Regulations Text Flow Chart and Explanatory Material Section-by-Section Questions and Answers Policy Statements ACHP Policy Statement on Historic Preservation and Community Revitalization Policy Statement on the ACHP's

  16. Overcoming Structural Adjustment Policies in Africa: Strategies for Vocational Education and Training in the Sudan.

    ERIC Educational Resources Information Center

    Washi, Sidiga; Pitamber, Sunita

    Most developing countries have been debt ridden since the mid-1970s. This continuing debt burden has resulted in increasing prices and inflation, growing unemployment, and daily life difficulties. This problem has been acute for the Sudan. Sudan received help from the International Monetary Fund (IMF) in 1978 and negotiated new credit terms. By…

  17. A synthesis of current knowledge on forests and carbon storage in the United States

    Treesearch

    Duncan C. McKinley; Michael G. Ryan; Richard A. Birdsey; Christian P. Giardina; Mark E. Harmon; Linda S. Heath; Richard A. Houghton; Robert B. Jackson; James F. Morrison; Brian C. Murray; Diane E. Pataki; Kenneth E. Skog

    2011-01-01

    Using forests to mitigate climate change has gained much interest in science and policy discussions. We examine the evidence for carbon benefits, environmental and monetary costs, risks and trade-offs for a variety of activities in three general strategies: (1) land use change to increase forest area (afforestation) and avoid deforestation; (2) carbon management in...

  18. Measuring the Value of Statistical Life: Estimating Compensating Wage Differentials among Workers in India

    ERIC Educational Resources Information Center

    Madheswaran, S.

    2007-01-01

    Policy makers confronted with the need to introduce health and safety regulations often wonder how to value the benefits of these regulations. One way that a monetary value could be placed on reductions in health risks, including risk of death, is through understanding how people are compensated for the different risks they take. While there is an…

  19. From Mangos to Manufacturing: Uneven Development and Its Impact on Social Well-Being in the Dominican Republic

    ERIC Educational Resources Information Center

    Pomeroy, Carlton; Jacob, Steve

    2004-01-01

    The International Monetary Fund (IMF) and the World Bank have been trying to help developing countries speed up economic growth in order to help eradicate poverty. In the last two decades these policies in the Dominican Republic have caused rapid and severe changes. Over the last two centuries Dominican culture has faced numerous challenges…

  20. Patient mobility and health care quality when regions and patients differ in income.

    PubMed

    Brekke, Kurt R; Levaggi, Rosella; Siciliani, Luigi; Straume, Odd Rune

    2016-12-01

    We study the effects of cross-border patient mobility on health care quality and welfare when income varies across and within regions. We use a Salop model with a high-, middle-, and low-income region. In each region, a policy maker chooses health care quality to maximise the utility of its residents when health care costs are financed by general income taxation. In equilibrium, regions with higher income offer better quality, which creates an incentive for patient mobility from lower- to higher-income regions. Assuming a prospective payment scheme based on DRG-pricing, we find that lower non-monetary (administrative) mobility costs have (i) no effect on quality or welfare in the high-income region; (ii) a negative effect on quality but a positive effect on welfare for the middle-income region; and (iii) ambiguous effects on quality and welfare for the low-income region. Lower monetary mobility costs (copayments) might reduce welfare in both the middle- and low-income region. Thus, health policies that stimulate cross-border patient mobility can be counterproductive when regions differ in income. Copyright © 2016 Elsevier B.V. All rights reserved.

  1. Carrots and Sticks: New Brunswick and Maine Forest Landowner Perceptions Toward Incentives and Regulations

    NASA Astrophysics Data System (ADS)

    Quartuch, Michael R.; Beckley, Thomas M.

    2014-01-01

    The governments of countries that allow private land ownership have two main tools to motivate landowner behavior: regulations and incentives. This research examines landowner preferences toward these policy tools and asks specifically: Do private forest landowners in New Brunswick and Maine believe that regulations and/or incentives are effective means to motivate responsible stewardship? Can landowners identify explicit regulations and policies that restrict property rights? Also, we were interested to see if any discernible differences existed between these adjacent jurisdictions from different countries, but that share similar forests and a similar settlement history. We identified and interviewed diverse landowners, recorded and transcribed our discussions, and analyzed the results using a grounded theory approach. Findings suggest that both New Brunswick and Maine participants are fairly comfortable with most regulations and many agreed that a combination of incentives and regulations are in fact useful. Furthermore, landowners in New Brunswick discussed non-monetary incentives as a mechanism to reward "good" stewardship; while Maine respondents articulated a degree of responsible stewardship that transcends a need to incentivize landowners. This study demonstrates that diverse landowners may be more comfortable with environmental regulations than previously understood and may be interested in non-monetary incentives.

  2. Social Security Ruling, SSR 99-2p.; titles II and XVI; evaluating cases involving chronic fatigue syndrome (CFS). Social Security Administration. Notice of Social Security ruling.

    PubMed

    1999-04-30

    In accordance with 20 CFR 402.35(b)(1), the Commissioner of Social Security gives notice of Social Security Ruling, SSR 99-2p. This Ruling clarifies disability policy for the evaluation and adjudication of disability claims involving Chronic Fatigue Syndrome (CFS). This Ruling explains that, when it is accompanied by appropriate medical signs or laboratory findings, CFS is a medically determinable impairment that can be the basis for a finding of "disability." This Ruling ensures that all adjudicators will use the same policies and procedures in evaluating disability claims involving CFS, and provides a consolidated statement of these policies and procedures.

  3. The "Gainful Employment Rule" and Student Loan Defaults: How the Policy Frame Overlooks Important Normative Implications

    ERIC Educational Resources Information Center

    Serna, Gabriel

    2014-01-01

    This essay examines normative aspects of the gainful employment rule and how the policy frame and image miss important implications for student aid policy. Because the economic and social burdens associated with the policy are typically borne by certain socioeconomic and ethnic groups, the policy frame and image do not identify possible negative…

  4. Asymmetry in Maritime Access and Undersea Anti-Access/Area-Denial Strategies

    DTIC Science & Technology

    2007-08-31

    locate sanctuaries in proximity to civilian, historic, or cultural centers. These factors present interesting policy issues and rules -of-engagement...the U.S. perception of the undersea threat, U.S. policy toward accepting damage or loss of warships and logistics ships, and U.S. rules of engagement...be addressed through the development of new policies, rules of engagement, or renegotiation of treaties. An operational capability may be meaningless

  5. 76 FR 67070 - Operation of Wireless Communications Services in the 2.3 GHz Band; Establishment of Rules and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-31

    ... 2.3 GHz Band; Establishment of Rules and Policies for the Digital Audio Radio Satellite Service in...; Establishment of Rules and Policies for the Digital Audio Radio Satellite Service in the 2310-2360 MHz Frequency...

  6. Policy analysis for prenatal genetic diagnosis.

    PubMed

    Thompson, M; Milunsky, A

    1979-01-01

    Consideration of the analytic difficulties faced in estimating the benefits and costs of prenatal genetic diagnosis, coupled with a brief review of existing benefit-cost studies, leads to the conclusion that public subsidy of prenatal testing can yield benefits substantially in excess of costs. The practical obstacles to such programs include the attitudes of prospective parents, a lack of knowledge, monetary barriers, inadequately organized medical resources, and the political issue of abortion. Policy analysis can now nevertheless formulate principles and guide immediate actions to improve present utilization of prenatal testing and to facilitate possible future expansion of these diagnostic techniques.

  7. Integrating Monetary and Non-monetary Reenlistment Incentives Utilizing the Combinatorial Retention Auction Mechanism (CRAM)

    DTIC Science & Technology

    2008-12-01

    NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA THESIS INTEGRATING MONETARY AND NON-MONETARY REENLISTMENT INCENTIVES UTILIZING THE...Monetary and Non- monetary Reenlistment Incentives Utilizing the Combinatorial Retention Auction Mechanism (CRAM) 6. AUTHOR(S) Brooke Zimmerman 5...iii Approved for public release; distribution is unlimited INTEGRATING MONETARY AND NON-MONETARY REENLISTMENT INCENTIVES UTILIZING THE

  8. Efficient Web Services Policy Combination

    NASA Technical Reports Server (NTRS)

    Vatan, Farrokh; Harman, Joseph G.

    2010-01-01

    Large-scale Web security systems usually involve cooperation between domains with non-identical policies. The network management and Web communication software used by the different organizations presents a stumbling block. Many of the tools used by the various divisions do not have the ability to communicate network management data with each other. At best, this means that manual human intervention into the communication protocols used at various network routers and endpoints is required. Developing practical, sound, and automated ways to compose policies to bridge these differences is a long-standing problem. One of the key subtleties is the need to deal with inconsistencies and defaults where one organization proposes a rule on a particular feature, and another has a different rule or expresses no rule. A general approach is to assign priorities to rules and observe the rules with the highest priorities when there are conflicts. The present methods have inherent inefficiency, which heavily restrict their practical applications. A new, efficient algorithm combines policies utilized for Web services. The method is based on an algorithm that allows an automatic and scalable composition of security policies between multiple organizations. It is based on defeasible policy composition, a promising approach for finding conflicts and resolving priorities between rules. In the general case, policy negotiation is an intractable problem. A promising method, suggested in the literature, is when policies are represented in defeasible logic, and composition is based on rules for non-monotonic inference. In this system, policy writers construct metapolicies describing both the policy that they wish to enforce and annotations describing their composition preferences. These annotations can indicate whether certain policy assertions are required by the policy writer or, if not, under what circumstances the policy writer is willing to compromise and allow other assertions to take precedence. Meta-policies are specified in defeasible logic, a computationally efficient non-monotonic logic developed to model human reasoning. One drawback of this method is that at one point the algorithm starts an exhaustive search of all subsets of the set of conclusions of a defeasible theory. Although the propositional defeasible logic has linear complexity, the set of conclusions here may be large, especially in real-life practical cases. This phenomenon leads to an inefficient exponential explosion of complexity. The current process of getting a Web security policy from combination of two meta-policies consists of two steps. The first is generating a new meta-policy that is a composition of the input meta-policies, and the second is mapping the meta-policy onto a security policy. The new algorithm avoids the exhaustive search in the current algorithm, and provides a security policy that matches all requirements of the involved metapolicies.

  9. 76 FR 53057 - National Environmental Policy Act Procedures

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-25

    ... POSTAL SERVICE 39 CFR Part 775 National Environmental Policy Act Procedures AGENCY: Postal Service. ACTION: Final rule. SUMMARY: This rule amends the Postal Service's National Environmental Policy Act (NEPA) compliance procedures to update an obsolete statutory reference. DATES: Effective Date: August 25...

  10. Uncertainty in macroeconomic policy-making: art or science?

    PubMed

    Aikman, David; Barrett, Philip; Kapadia, Sujit; King, Mervyn; Proudman, James; Taylor, Tim; de Weymarn, Iain; Yates, Tony

    2011-12-13

    Uncertainty is pervasive in economic policy-making. Modern economies share similarities with other complex systems in their unpredictability. But economic systems also differ from those in the natural sciences because outcomes are affected by the state of beliefs of the systems' participants. The dynamics of beliefs and how they interact with economic outcomes can be rich and unpredictable. This paper relates these ideas to the recent crisis, which has reminded us that we need a financial system that is resilient in the face of the unpredictable and extreme. It also highlights how such uncertainty puts a premium on sound communication strategies by policy-makers. This creates challenges in informing others about the uncertainties in the economy, and how policy is set in the face of those uncertainties. We show how the Bank of England tries to deal with some of these challenges in its communications about monetary policy.

  11. 12 CFR Appendix C to Part 741 - Interpretive Ruling and Policy Statement on Loan Workouts, Nonaccrual Policy, and Regulatory...

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ... Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans C Appendix C to Part 741 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS REQUIREMENTS FOR INSURANCE Pt. 741, App. C Appendix C to Part 741—Interpretive Ruling and Policy...

  12. Job-Linked Literacy: Innovative Strategies at Work. Part III. Moving Ahead: Basic Skills for Career Advancement. A Work in America Policy Study.

    ERIC Educational Resources Information Center

    Rosow, Jerome M.; Zager, Robert

    This volume, Interim Report No. 3 in a 3-year study, considers literacy programs designed to qualify employees for promotions or professional advancement. It adopts a multidimensional definition of moving ahead, one that extends to monetary rewards, career development, and employment security. The volume is divided into two parts: report and case…

  13. Obstacles to Private Sector Activities in Africa,

    DTIC Science & Technology

    1983-01-01

    policy reforms, including higher interest rates, price increases on basic foodstuffs, the ending of subsidies, currency devaluation , and reduced...Monetary Fund ( IMF ) is Pxpanding its lending facilities in Africa, but attaching strict conditivnality to them; the World Bank is trying to restructure...recipient country, puts US investment in Nigeria in 1980 at only $27 million as compared to $205 million in the Cameroon. In fact, the Department of

  14. The topology of the federal funds market

    NASA Astrophysics Data System (ADS)

    Bech, Morten L.; Atalay, Enghin

    2010-11-01

    We explore the network topology of the federal funds market. This market is important for distributing liquidity throughout the financial system and for the implementation of monetary policy. The recent turmoil in global financial markets underscores its importance. We find that the network is sparse, exhibits the small-world phenomenon, and is disassortative. Centrality measures are useful predictors of the interest rate of a loan.

  15. 78 FR 11987 - Review of the Commission's Broadcast and Cable Equal Employment Opportunity Rules and Policies

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-21

    ... FEDERAL COMMUNICATIONS COMMISSION 47 CFR Parts 73 and 76 [MM Docket No. 98-204; FCC 04-103] Review of the Commission's Broadcast and Cable Equal Employment Opportunity Rules and Policies AGENCY... final rules revised broadcast and multichannel video programming distributor (MVPD) equal employment...

  16. 76 FR 50425 - Service Rules and Policies for the Broadcasting Satellite Service (BSS)

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-15

    ... poles of the Earth, with the positive direction pointing south; and the Z axis passes through the... and Policies for the Broadcasting Satellite Service (BSS) AGENCY: Federal Communications Commission. ACTION: Final rule. SUMMARY: In this document, the Federal Communications Commission adopts rules to...

  17. Energy taxation as a policy instrument to reduce CO{sub 2} emissions: A net benefit analysis

    DOE Office of Scientific and Technical Information (OSTI.GOV)

    Boyd, R.; Krutilla, K.; Viscusi, W.K.

    1995-07-01

    This study evaluates the costs and benefits of energy taxation as a policy instrument to conserve energy and reduce CO{sub 2} emissions. The study combines economic cost estimates generated with a CGE model and monetary estimates of environmental damages in a comprehensive cost/benefit framework. We find that optimal CO{sub 2} emissions reductions range from 5 to 38%, depending on different assumptions about energy substitution elasticities and environmental damages. CO{sub 2} emissions reductions of between 8 and 64% can be attained at no additional welfare cost relative to a policy of not undertaking any action to control CO{sub 2} emissions. 33more » refs., 7 figs., 8 tabs.« less

  18. 78 FR 76574 - Burial Benefits

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-18

    ...The Department of Veterans Affairs (VA) proposes to clarify, reorganize, and rewrite in plain language its regulations that govern entitlement to monetary burial benefits, which include burial allowances for service-connected and non-service-connected deaths, a plot or interment allowance, and reimbursement of transportation expenses. The amendments would also establish rules to support VA's automated payment of burial allowances to surviving spouses, conversion to flat-rate burial and plot or interment allowances that are equal to the maximum benefit authorized by law, and priority of payment to non- spouse survivors.

  19. An Assessment of the Impact of the Contract Disputes Act of 1978 on U.S. Army Corps of Engineers’ Construction Contracts.

    DTIC Science & Technology

    1981-03-01

    paid from the date the Contracting Officer accepts the claim until payment thereof. Simple interest will be paid as computed at the rate established by...were of quantum (e.g., involved monetary decisions). If money is part of the decision, the Board will often rule in favor of one party based on the... quantum is in issue the exact amount had to be stated. This sum would then have to be certified if it exceeded $50,000. Althoug ’ the legislative

  20. Preimplantation genetic diagnosis: a systematic review of litigation in the face of new technology.

    PubMed

    Amagwula, Tochi; Chang, Peter L; Hossain, Amjad; Tyner, Joey; Rivers, Aimée L; Phelps, John Y

    2012-11-01

    To study legal cases against IVF facilities pertaining to preimplantation genetic diagnosis (PGD) misdiagnosis. Systematic case law review. University medical center using US legal databases. The IVF recipients using PGD services. Lawsuits pertaining to PGD against IVF facilities. Lawsuits, court rulings, damage awards, and settlements pertaining to PGD after the birth of a child with a genetic defect. Causes of action pertaining to PGD arise from negligence in performing the procedure as well as failure to properly inform patients of key information, such as inherent errors associated with the PGD process, a facility's minimal experience in performing PGD, and the option of obtaining PGD. Courts have sympathized with the financial burden involved in caring for children with disabilities. Monetary damage awards are based on the costs of caring for children with debilitating defects, including lifetime medical and custodial care. Facilities offering PGD services expose themselves to a new realm of liability in which damage awards can easily exceed the limits of a facility's insurance policy. Competent laboratory personnel and proper informed consent--with particular care to inform patients of the inherent inaccuracies of PGD--are crucial in helping deter liability. Copyright © 2012 American Society for Reproductive Medicine. Published by Elsevier Inc. All rights reserved.

  1. The influence of fiscal rules on healthcare policy in the United States and the Netherlands.

    PubMed

    Schakel, H Christiaan; Jeurissen, Patrick; Glied, Sherry

    2017-10-01

    Governments use fiscal rules to put a framework and limits on how budgetary challenges are addressed, but the rules themselves are still an understudied area among health policy scholars. For a long time, healthcare held a somewhat separate status because of the reliance on entitlements and dedicated revenue streams. However, the combined forces of advocates for integral decision-making, central budget control and the increasing costs might shift healthcare towards budgetary frameworks that currently apply to other spending categories. In this paper, we study fiscal rules that the US and the Netherlands have adopted since 2010 and their impact on healthcare policy. Our analysis shows that fiscal rules can have an impact on the rationing of healthcare. In the studied timeframe, the rules seem to have more impact on budget outcomes than on the budget process itself. In addition, the convergence of fiscal and program policy objectives seems to be better accomplished in a budgetary system that applies enforceable budget ceilings. Budgeting for health entitlements requires a comprehensive and tailor-made approach and the composition of traditional rules might not fully answer to the complexities of healthcare policy. This paper aims to contribute to that debate and the way we think about healthcare budgeting. Copyright © 2016 John Wiley & Sons, Ltd. Copyright © 2016 John Wiley & Sons, Ltd.

  2. 41 CFR 105-64.111 - What is GSA's policy on directives that may conflict with this part?

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... Regional Offices-General Services Administration 64-GSA PRIVACY ACT RULES 64.1-Policies and Responsibilities § 105-64.111 What is GSA's policy on directives that may conflict with this part? These rules take... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false What is GSA's policy on...

  3. 41 CFR 105-64.111 - What is GSA's policy on directives that may conflict with this part?

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... Regional Offices-General Services Administration 64-GSA PRIVACY ACT RULES 64.1-Policies and Responsibilities § 105-64.111 What is GSA's policy on directives that may conflict with this part? These rules take... 41 Public Contracts and Property Management 3 2011-01-01 2011-01-01 false What is GSA's policy on...

  4. Medicare and Medicaid programs; CY 2015 Home Health Prospective Payment System rate update; Home Health Quality Reporting Requirements; and survey and enforcement requirements for home health agencies. Final rule.

    PubMed

    2014-11-06

    This final rule updates Home Health Prospective Payment System (HH PPS) rates, including the national, standardized 60-day episode payment rates, the national per-visit rates, and the non-routine medical supply (NRS) conversion factor under the Medicare prospective payment system for home health agencies (HHAs), effective for episodes ending on or after January 1, 2015. As required by the Affordable Care Act, this rule implements the second year of the four-year phase-in of the rebasing adjustments to the HH PPS payment rates. This rule provides information on our efforts to monitor the potential impacts of the rebasing adjustments and the Affordable Care Act mandated face-to-face encounter requirement. This rule also implements: Changes to simplify the face-to-face encounter regulatory requirements; changes to the HH PPS case-mix weights; changes to the home health quality reporting program requirements; changes to simplify the therapy reassessment timeframes; a revision to the Speech-Language Pathology (SLP) personnel qualifications; minor technical regulations text changes; and limitations on the reviewability of the civil monetary penalty provisions. Finally, this rule also discusses Medicare coverage of insulin injections under the HH PPS, the delay in the implementation of the International Classification of Diseases, Tenth Revision, Clinical Modification (ICD-10-CM), and a HH value-based purchasing (HH VBP) model.

  5. 76 FR 18325 - Federal Travel Regulation; FTR Cases 2007-304 and 2003-309, Relocation Allowances

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-01

    ...The General Services Administration (GSA), Office of Governmentwide Policy (OGP) continually reviews and adjusts policies as part of its ongoing mission to provide policy assistance to Government agencies subject to the Federal Travel Regulation (FTR). This final rule is a combination of two previous proposed rules that were published in the Federal Register on November 23, 2004 and August 3, 2007. The result is a unified, single final rule that addresses a wide range of relocation issues.

  6. Power and politics in international funding for reproductive health: the US Global Gag Rule.

    PubMed

    Crane, Barbara B; Dusenberry, Jennifer

    2004-11-01

    Since 2001, the US government has used its power as a leading donor to family planning programmes to pursue policies in conflict with global agreements on reproductive rights. Prominent among these policies is the Mexico City Policy (or Global Gag Rule), which restricts non-governmental organisations (NGOs) in developing countries that receive USAID family planning funding from engaging in most abortion-related activities, even with their own funds. This paper reviews the history and political origins of the Gag Rule under several Republican party presidents. The Gag Rule has not achieved an overall reduction in abortions; rather, where it has disrupted family planning services, the policy is more likely to have increased the number of abortions. This paper concludes that the Gag Rule is a radical intrusion on the rights and autonomy of recipients of US funding. Regardless of whether or not it is rescinded in the future, the underlying issues in the politics of US reproductive health assistance are likely to persist. NGOs that wish to free themselves from the constraints it imposes must find the means to end their dependence on USAID funding, including turning to other donors. NGOs should also take the lead in opposing policies such as the Gag Rule that violate global agreements.

  7. In Search of Deregulation: Connections among Deleted Underbrush Policies, State Criminal Law, and FCC Character Qualifications for Broadcast Licensees.

    ERIC Educational Resources Information Center

    McGregor, Michael A.

    A study examined the extent to which the violation of any one of more than 20 deleted Federal Communications Commission "underbrush" rules or policies (minor rules and policy statements) might result in a threat to the violator's broadcast license. All of the deleted policies and regulations, the criminal codes of California, Florida,…

  8. Near East/South Asia Report.

    DTIC Science & Technology

    1985-12-19

    effective tools of monetary policy. Changing business opportunities in the Gulf and overseas have led to the creation of an increasingly sophisticated...return lawsuits involving interest. Modern technology and high-cost training have had their effect on the banks1 income. While these banks have been...good opportunities for Gulf banks to help medium-size companies in the region which are feeling the effects of the economic slow- down and which

  9. The Impact of Resource Wealth On Economic Growth, Governance, and Conflict in Afghanistan

    DTIC Science & Technology

    2013-09-01

    charged with developing the mining sector . While analysis of aid programs in the country shows flaws in governance and monetary policies, there are...indications that the incentives induced by the emerging mining sector have triggered a shift toward a future-oriented development strategy amongst...the realization of the country’s economic potential has positively affected government institutions charged with developing the mining sector . While

  10. Euros, Pounds and Albion at Arms: European Monetary Policy and British Defence in the 21st Century

    DTIC Science & Technology

    2004-09-01

    Shakespeare , Hamlet , Prince of Denmark, act 1, scene 2. 2 William Shakespeare , Richard the Second, act 2, scene 1. 3 Hugo Young, This Blessed Plot: Britain...THIS PAGE INTENTIONALLY LEFT BLANK 1 I. INTRODUCTION Queen: Good Hamlet , cast thy nighted colour...tis common. All that lives must die, Passing through nature to eternity. Hamlet : Ay, madam, it is common. Queen: If it

  11. To provide clarity on the use of National Infantry Museum and Soldier Center Commemorative Coin surcharges, the use of Abraham Lincoln Commemorative Coin surcharges, and for other purposes.

    THOMAS, 112th Congress

    Rep. Westmoreland, Lynn A. [R-GA-3

    2012-07-17

    House - 07/31/2012 Referred to the Subcommittee on Domestic Monetary Policy and Technology. (All Actions) Notes: For further action, see S.3363, which became Public Law 112-169 on 8/10/2012. Tracker: This bill has the status IntroducedHere are the steps for Status of Legislation:

  12. Environmental, policy, and cultural factors related to physical activity in African American women.

    PubMed

    Richter, Donna L; Wilcox, Sara; Greaney, Mary L; Henderson, Karla A; Ainsworth, Barbara E

    2002-01-01

    Six focus groups were conducted in South Carolina with African American women (n = 42) aged 19-51 years to identify factors that influence physical activity. Transcripts were analyzed using NUD*IST. Cultural influences were seen as more important in determining the type of physical activity than its level. Barriers to and enablers of physical activity were identified in the social and physical environments, as were policy issues affecting physical activity in the community and at the work site. Potential community and work site interventions were suggested. Child care and monetary costs were frequently cited as barriers to physical activity.

  13. 78 FR 78305 - Energy and Water Use Labeling for Consumer Products Under the Energy Policy and Conservation Act...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-26

    ... FEDERAL TRADE COMMISSION 16 CFR Part 305 [3084-AB15] Energy and Water Use Labeling for Consumer Products Under the Energy Policy and Conservation Act (``Energy Labeling Rule'') AGENCY: Federal Trade... to the Energy Labeling Rule (``Rule'') to require a new Department of Energy (DOE) test procedure for...

  14. 76 FR 57923 - Establishment of Rules and Policies for the Satellite Digital Audio Radio Service in the 2310...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-19

    ... Rules and Policies for the Satellite Digital Audio Radio Service in the 2310-2360 MHz Frequency Band... Digital Audio Radio Service (SDARS) Second Report and Order. The information collection requirements were... of these rule sections. See Satellite Digital Audio Radio Service (SDARS) Second Report and Order...

  15. 77 FR 16899 - Jurisdictional Separations and Referral to the Federal-State Joint Board

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-22

    ... Advisor, at 202- 418-1577, Pricing Policy Division, Wireline Competition Bureau. SUPPLEMENTARY INFORMATION... the policies and rules proposed in this FNPRM. Written public comments are requested on this IRFA... estimates that most incumbent LECs are small entities that may be affected by the rules and policies adopted...

  16. Transformation of Graphical ECA Policies into Executable PonderTalk Code

    NASA Astrophysics Data System (ADS)

    Romeikat, Raphael; Sinsel, Markus; Bauer, Bernhard

    Rules are becoming more and more important in business modeling and systems engineering and are recognized as a high-level programming paradigma. For the effective development of rules it is desired to start at a high level, e.g. with graphical rules, and to refine them into code of a particular rule language for implementation purposes later. An model-driven approach is presented in this paper to transform graphical rules into executable code in a fully automated way. The focus is on event-condition-action policies as a special rule type. These are modeled graphically and translated into the PonderTalk language. The approach may be extended to integrate other rule types and languages as well.

  17. School food policy at Dutch primary schools: room for improvement? Cross-sectional findings from the INPACT study.

    PubMed

    van Ansem, Wilke Jc; Schrijvers, Carola Tm; Rodenburg, Gerda; Schuit, Albertine J; van de Mheen, Dike

    2013-04-12

    Schools can play an important role in the prevention of obesity, e.g. by providing an environment that stimulates healthy eating habits and by developing a food policy to provide such an environment. The effectiveness of a school food policy is affected by the content of the policy, its implementation and its support by parents, teachers and principals. The aim of this study is to detect opportunities to improve the school food policy and/or implementation at Dutch primary schools. Therefore, this study explores the school food policy and investigates schools' (teachers and principals) and parents' opinion on the school food policy. Data on the schools' perspective of the food policy was collected from principals and teachers by means of semi-structured interviews. In total 74 principals and 72 teachers from 83 Dutch primary schools were interviewed. Data on parental perceptions about the school food policy were based on a cross-sectional survey among 1,429 parents from the same schools. Most principals (87.1%) reported that their school had a written food policy; however in most cases the rules were not clearly defined. Most of the principals (87.8%) believed that their school paid sufficient attention to nutrition and health. Teachers and principals felt that parents were primarily responsible to encourage healthy eating habits among children, while 49.8% of the parents believed that it is also a responsibility of the school to foster healthy eating habits among children. Most parents reported that they appreciated the school food policy and comply with the food rules. Parents' opinion on the enforcement of the school food policy varied: 28.1% believed that the school should enforce the policy more strongly, 32.1% was satisfied, and 39.8% had no opinion on this topic. Dutch primary schools could play a more important role in fostering healthy eating habits among children. The school food policy could be improved by clearly formulating food rules, simplifying supervision of the food rules, and defining how to enforce the food rules. In addition, the school food policy will only influence children's dietary behaviour if both the school and the parents support the policy.

  18. Association of increased monetary cost of dietary intake, diet quality and weight management in Spanish adults.

    PubMed

    Schröder, Helmut; Serra-Majem, Luis; Subirana, Isaac; Izquierdo-Pulido, Maria; Fitó, Montserrat; Elosua, Roberto

    2016-03-14

    Higher monetary diet cost is associated with healthier food choices and better weight management. How changes in diet cost affect changes in diet quality and weight remains unknown. The aim of this study was to assess the impact of changes in individual monetary diet cost on changes in diet quality, measured by the modified Mediterranean diet score recommendations (MDS-rec) and by energy density (ED), as well as changes in weight and BMI. We conducted a prospective, population-based study of 2181 male and female Spaniards aged between 25 and 74 years, who were followed up to the 2009-2010 academic year. We measured weight and height and recorded dietary data using a validated FFQ. Average food cost was calculated from official Spanish government data. We fitted multivariate linear and logistic regression models. The average daily diet cost increased from 3·68(SD0.0·89)€/8·36 MJ to 4·97(SD1·16)€/8·36 MJ during the study period. This increase was significantly associated with improvement in diet quality (Δ ED and Δ MDS-rec; P<0·0001). Each 1€ increase in monetary diet cost per 8·36 MJ was associated with a decrease of 0·3 kg in body weight (P=0·02) and 0·1 kg/m(2) in BMI (P=0·04). These associations were attenuated after adjusting for changes in diet quality indicators. An improvement in diet quality and better weight management were both associated with an increase in diet cost; this could be considered in food policy decisions.

  19. Medicare program; clarification of Medicare's accrual basis of accounting policy--HCFA. Final rule.

    PubMed

    1995-06-27

    This final rule revises the Medicare regulations to clarify the concept of "accrual basis of accounting" to indicate that expenses must be incurred by a provider of health care services before Medicare will pay its share of those expenses. This rule does not signify a change in policy but, rather, incorporates into the regulations Medicare's longstanding policy regarding the circumstances under which we recognize, for the purposes of program payment, a provider's claim for costs for which it has not actually expended funds during the current cost reporting period.

  20. 26 CFR 1.79-3 - Determination of amount equal to cost of group-term life insurance.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... an employee's life which is to be included in his gross income pursuant to the rule of inclusion set..., of group-term life insurance on such employee's life to which the rule of inclusion set forth in... policy, or portion of a policy, which qualifies for one of the exceptions to the rule of inclusion...

  1. The Environment, Energy, and the Tinbergen Rule

    ERIC Educational Resources Information Center

    Knudson, William A.

    2009-01-01

    Higher energy prices and the growing concern about global warming have led to a number of policy goals and targets designed to curb global warming and/or the development of alternative sources of energy. However, the Tinbergen Rule states that for each and every policy target there must be at least one policy tool. If there are fewer tools than…

  2. Quality of service policy control in virtual private networks

    NASA Astrophysics Data System (ADS)

    Yu, Yiqing; Wang, Hongbin; Zhou, Zhi; Zhou, Dongru

    2004-04-01

    This paper studies the QoS of VPN in an environment where the public network prices connection-oriented services based on source, destination and grade of service, and advertises these prices to its VPN customers (users). As different QoS technologies can produce different QoS, there are according different traffic classification rules and priority rules. The internet service provider (ISP) may need to build complex mechanisms separately for each node. In order to reduce the burden of network configuration, we need to design policy control technologies. We considers mainly directory server, policy server, policy manager and policy enforcers. Policy decision point (PDP) decide its control according to policy rules. In network, policy enforce point (PEP) decide its network controlled unit. For InterServ and DiffServ, we will adopt different policy control methods as following: (1) In InterServ, traffic uses resource reservation protocol (RSVP) to guarantee the network resource. (2) In DiffServ, policy server controls the DiffServ code points and per hop behavior (PHB), its PDP distributes information to each network node. Policy server will function as following: information searching; decision mechanism; decision delivering; auto-configuration. In order to prove the effectiveness of QoS policy control, we make the corrective simulation.

  3. German physicians "on strike"--shedding light on the roots of physician dissatisfaction.

    PubMed

    Janus, Katharina; Amelung, Volker Eric; Gaitanides, Michael; Schwartz, Friedrich Wilhelm

    2007-08-01

    Over the past few years, students in Germany have been dropping out of medical school at increasing rates, and the number of physicians choosing to work abroad or in non-medical professions has been growing. A recent study (the "Ramboll Study") commissioned by the Health Ministry concluded that German physicians' dissatisfaction with existing monetary and non-monetary incentive systems during training and subsequent practice was the main reason for these trends. Among those physicians who have remained in the workforce, there is a similar dissatisfaction, reflected in part by a general strike in 2006 by German physicians in favour of higher wages and better working conditions. To better understand the decision-making process of physicians which is highly determined by the satisfaction they experience in their work life and to extract the factors that contribute to their satisfaction. We surveyed all physicians who spent more than 50% of their time in patient care (and less than 50% in research) at the teaching hospital of the Hannover Medical School (839, after exclusion of pre-test participants). Based on existing satisfaction studies, we designed a self-administered questionnaire that contained 28 items, including items measuring several dimensions of physician job satisfaction; the monetary and non-monetary incentives the physicians experienced in the recent past; other job-related potential confounding factors and socio-demographic questions. Respondents were asked to rate each job satisfaction item on five-point Likert scales regarding both satisfaction with and importance of the item. Data were analysed using descriptive statistics, factor and correlation analyses. Our data suggest that non-monetary factors are important determinants of physician job satisfaction, perhaps more important than monetary incentives that may augment or reduce physicians' base incomes. Factor analysis revealed seven principal factors of which decision-making and recognition, continuous education and job security, administrative tasks and collegial relationships were highly significant, specialized technology and patient contact were significant and research and teaching and international exchange were not significant in contributing to physician job satisfaction. This study sheds light to the underlying factors that contribute to physician job satisfaction in Germany, and it provides insights into the reasons for physicians leaving medical practice. In order for a health system to recruit and retain physicians, it may be necessary for a system's physician strategy to shift from focusing primarily on hard, monetary and compensation-related factors to a broader focus that incorporates the soft, non-monetary factors. The implementation of policies and management practices that reduce the time burden on physicians, and enhance physicians' participation in the development of patient care management processes and in managerial decisions that affect patient care appears to be crucial. The result will be increased job satisfaction among physicians, which is important to the future recruitment and retention of doctors, as well as to the productivity and quality of the services provided by this essential component of our medical care systems.

  4. R-U policy frontiers for health data de-identification

    PubMed Central

    Heatherly, Raymond; Ding, Xiaofeng; Li, Jiuyong; Malin, Bradley A

    2015-01-01

    Objective The Health Insurance Portability and Accountability Act Privacy Rule enables healthcare organizations to share de-identified data via two routes. They can either 1) show re-identification risk is small (e.g., via a formal model, such as k-anonymity) with respect to an anticipated recipient or 2) apply a rule-based policy (i.e., Safe Harbor) that enumerates attributes to be altered (e.g., dates to years). The latter is often invoked because it is interpretable, but it fails to tailor protections to the capabilities of the recipient. The paper shows rule-based policies can be mapped to a utility (U) and re-identification risk (R) space, which can be searched for a collection, or frontier, of policies that systematically trade off between these goals. Methods We extend an algorithm to efficiently compose an R-U frontier using a lattice of policy options. Risk is proportional to the number of patients to which a record corresponds, while utility is proportional to similarity of the original and de-identified distribution. We allow our method to search 20 000 rule-based policies (out of 2700) and compare the resulting frontier with k-anonymous solutions and Safe Harbor using the demographics of 10 U.S. states. Results The results demonstrate the rule-based frontier 1) consists, on average, of 5000 policies, 2% of which enable better utility with less risk than Safe Harbor and 2) the policies cover a broader spectrum of utility and risk than k-anonymity frontiers. Conclusions R-U frontiers of de-identification policies can be discovered efficiently, allowing healthcare organizations to tailor protections to anticipated needs and trustworthiness of recipients. PMID:25911674

  5. Scientific Research and the Public Trust

    PubMed Central

    Resnik, David B.

    2011-01-01

    This essay analyzes the concept of public trust in science and offers some guidance for ethicists, scientists, and policymakers who use this idea defend ethical rules or policies pertaining to the conduct of research. While the notion the public trusts science makes sense in the abstract, it may not be sufficiently focused to support the various rules and policies that authors have tried to derive from it, because the public is not a uniform body with a common set of interests. Well-focused arguments that use public trust to support rules or policies for the conduct of research should specify a) which public is being referred to (e.g. the general public or a specific public, such as a particular community or group); b) what this public expects from scientists; c) how the rule or policy will ensure that these expectations are met; and d) why is it important to meet these expectations. PMID:20803259

  6. Scientific research and the public trust.

    PubMed

    Resnik, David B

    2011-09-01

    This essay analyzes the concept of public trust in science and offers some guidance for ethicists, scientists, and policymakers who use this idea defend ethical rules or policies pertaining to the conduct of research. While the notion that public trusts science makes sense in the abstract, it may not be sufficiently focused to support the various rules and policies that authors have tried to derive from it, because the public is not a uniform body with a common set of interests. Well-focused arguments that use public trust to support rules or policies for the conduct of research should specify (a) which public is being referred to (e.g. the general public or a specific public, such as a particular community or group); (b) what this public expects from scientists; (c) how the rule or policy will ensure that these expectations are met; and (d) why is it important to meet these expectations.

  7. Fiscal rules, powerful levers for controlling the health budget? Evidence from 32 OECD countries.

    PubMed

    Schakel, Herman Christiaan; Wu, Erilia Hao; Jeurissen, Patrick

    2018-03-01

    Publicly funded healthcare forms an intricate part of government spending in most Organisation for Economic Co-operation and Development (OECD) countries, because of its reliance on entitlements and dedicated revenue streams. The impact of budgetary rules and procedures on publicly funded health care might thus be different from other spending categories. In this study we focus on the potential of fiscal rules to contain these costs and their design features. We assess the relationship between fiscal rules and the level of public health care expenditure of 32 (OECD) countries between 1985 and 2014. Our dataset consists of health care expenditure data of the OECD and data on fiscal rules of the International Monetary Fund (IMF) for that same period. Through a multivariate regression analysis, we estimate the association between fiscal rules and its subcategories and inflation adjusted public health care expenditure. We control for population, Gross Domestic Product (GDP), debt and whether countries received an IMF bailout for the specific period. In all our regressions we include country and year fixed effects. The presence of a fiscal rule on average is associated with a 3 % reduction of public health care expenditure. Supranational balanced budget rules are associated with some 8 % lower expenditure. Health service provision-oriented countries with more passive purchasing structures seem less capable of containing costs through fiscal rules. Fiscal rules demonstrate lagged effectiveness; the potential for expenditure reduction increases after one and two years of fiscal rule implementation. Finally, we find evidence that fiscal frameworks that incorporate multi-year expenditure ceilings show additional potential for cost control. Our study shows that there seems a clear relationship between the potential of fiscal rules and budgeting health expenses. Using fiscal rules to contain the level of health care expenditure can thus be a necessary precondition for successful strategies for cost control.

  8. Wooing the Dark Continent: U.S. and China Engagement Strategy in Africa, is it Complimentary or Competition

    DTIC Science & Technology

    2008-05-01

    huge advantage over any trading partner. This is done by currency manipulation ( devalued remnibi), piracy, lax health and safety standards, lax...Africa relations. Issues like devalued Chinese currency , imports, and exports place both the U.S. and Africa in the same corner with regards to China...International Monetary Fund ( IMF ) and World Bank. Bretton Woods Western Economic Policies: China is not associated with the structural adjustment

  9. The History of EU Cooperation in the Field of Education and Training: How Lifelong Learning Became a Strategic Objective

    ERIC Educational Resources Information Center

    Pepin, Luce

    2007-01-01

    In 2007, the EU is celebrating both the 50th Anniversary of the Treaty of Rome and the 20 years of existence of its flagship programme, Erasmus, thus recalling that the EU is more than its economic, agricultural or monetary policies and that it develops also as a community of peoples. Education has a key role to play in this respect. This article…

  10. The Global Economic Crisis: Impact on Sub-Saharan Africa and Global Policy Responses

    DTIC Science & Technology

    2009-10-19

    concessional lending facilities, the Poverty Reduction and Growth Facility ( PRGF ) and the Exogenous Shocks Facility (ESF).99 Figure 12. IMF Concessional Loans...to Africa Billions of Dollars Source: International Monetary Fund. Notes: Amounts are the total amount of outstanding PRGF and ESF loans to...99 PRGF loans are intended to help low-income countries address balance of payments concerns, such as those created by the financial crisis. Unlike

  11. Visualising Pareto-optimal trade-offs helps move beyond monetary-only criteria for water management decisions

    NASA Astrophysics Data System (ADS)

    Hurford, Anthony; Harou, Julien

    2014-05-01

    Water related eco-system services are important to the livelihoods of the poorest sectors of society in developing countries. Degradation or loss of these services can increase the vulnerability of people decreasing their capacity to support themselves. New approaches to help guide water resources management decisions are needed which account for the non-market value of ecosystem goods and services. In case studies from Brazil and Kenya we demonstrate the capability of many objective Pareto-optimal trade-off analysis to help decision makers balance economic and non-market benefits from the management of existing multi-reservoir systems. A multi-criteria search algorithm is coupled to a water resources management simulator of each basin to generate a set of Pareto-approximate trade-offs representing the best case management decisions. In both cases, volume dependent reservoir release rules are the management decisions being optimised. In the Kenyan case we further assess the impacts of proposed irrigation investments, and how the possibility of new investments impacts the system's trade-offs. During the multi-criteria search (optimisation), performance of different sets of management decisions (policies) is assessed against case-specific objective functions representing provision of water supply and irrigation, hydropower generation and maintenance of ecosystem services. Results are visualised as trade-off surfaces to help decision makers understand the impacts of different policies on a broad range of stakeholders and to assist in decision-making. These case studies show how the approach can reveal unexpected opportunities for win-win solutions, and quantify the trade-offs between investing to increase agricultural revenue and negative impacts on protected ecosystems which support rural livelihoods.

  12. Resistance Towards the Language of Globalisation - The Case of Sri Lanka

    NASA Astrophysics Data System (ADS)

    Punchi, Lakshman

    2001-07-01

    This paper relates the contemporary educational reforms in Sri Lanka to the processes of globalisation. The international monetary organisations such as the IMF and the World Bank and the regional organisations like the Asian Development Bank (ADB) play a dominant role in influencing the debt-receiving countries when it comes to their educational practice. The intensity of the influence of these organisations can vary depending on the existing educational policy of the aid receiving countries. This paper, after a brief introduction on globalisation, examines its effects on the education policy in Sri Lanka with a special emphasis on the current language policy. Equity in education is usually advocated at primary level based on the universal primary education concept so highly upheld by the World Bank. However, the present high human development indicators are undoubtedly due to Sri Lanka's free education policy in native languages. The paper concludes stressing the importance to retain the national education policy as a means of empowerment and liberation of its masses and creating stronger ethnic harmony.

  13. 77 FR 8302 - Proposed Collection; Comment Request

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-14

    ... information to the Office of Management and Budget for extension and approval. Rule 35d-1 (17 CFR 270.35d-1... investment policy. Rule 35d-1 further requires either that the investment policy is fundamental or that the...

  14. Local School Wellness Policy Implementation Under the Healthy, Hunger-Free Kids Act of 2010. Final rule.

    PubMed

    2016-07-29

    This final rule requires all local educational agencies that participate in the National School Lunch and School Breakfast Programs to meet expanded local school wellness policy requirements consistent with the requirements set forth in section 204 of the Healthy, Hunger-Free Kids Act of 2010. The final rule requires each local educational agency to establish minimum content requirements for the local school wellness policies, ensure stakeholder participation in the development and updates of such policies, and periodically assess and disclose to the public schools' compliance with the local school wellness policies. These regulations are expected to result in local school wellness policies that strengthen the ability of a local educational agency to create a school nutrition environment that promotes students' health, well-being, and ability to learn. In addition, these regulations will increase transparency for the public with regard to school wellness policies and contribute to integrity in the school nutrition program.

  15. Gaming the system. Dodging the rules, ruling the dodgers.

    PubMed

    Morreim, E H

    1991-03-01

    Although traditional obligations of fidelity require physicians to deliver quality care to their patients, including to utilize costly technologies, physicians are steadily losing their accustomed control over the necessary resources. The "economic agents" who own the medical and monetary resources of care now impose a wide array of rules and restrictions in order to contain their costs of operation. However, physicians can still control resources indirectly through "gaming the system," employing tactics such as "fudging" that exploit resource rules' ambiguity and flexibility to bypass the rules while ostensibly honoring them. Physicians may be especially inclined to game the system where resource rules seriously underserve patients' needs, where economic agents seem to be "gaming the patient," with needless obstacles to care, or where others, such as hospitals or even physicians themselves, may be denied needed reimbursements. Though tempting, gaming is morally and medically hazardous. It can harm patients and society, offend honesty, and violate basic principles of contractual and distributive justice. It is also, in fact, usually unnecessary in securing needed resources for patients. More fundamentally, we must reconsider what physicians owe their patients. They owe what is theirs to give: their competence, care and loyalty. In light of medicine's changing economics, two new duties emerge: economic advising, whereby physicians explicitly discuss the economic as well as medical aspects of each treatment option; and economic advocacy, whereby physicians intercede actively on their patients' behalf with the economic agents who control the resources.

  16. Problems in counting and paying for multidisciplinary outpatient clinics.

    PubMed

    Jackson, T; Sevil, P

    1997-01-01

    Policy-makers have always found it problematic to formulate fair and consistent counting rules for public hospital outpatient activities. In the context of output-based funding, such rules have consequences which can affect patient care. This paper reviews the rationale for organising multidisciplinary clinics and reports on a series of focus groups convened in four Melbourne teaching hospitals to consider funding policy for such clinics. It discusses issues of targeting outpatient services, along with implications for payment policy. It evaluates counting rules in terms of intended and unintended consequences in the context of Victoria's introduction of output-based funding for outpatient services.

  17. Medicare Program; Revisions to Payment Policies Under the Physician Fee Schedule and Other Revisions to Part B for CY 2018; Medicare Shared Savings Program Requirements; and Medicare Diabetes Prevention Program. Final rule.

    PubMed

    2017-11-15

    This major final rule addresses changes to the Medicare physician fee schedule (PFS) and other Medicare Part B payment policies such as changes to the Medicare Shared Savings Program, to ensure that our payment systems are updated to reflect changes in medical practice and the relative value of services, as well as changes in the statute. In addition, this final rule includes policies necessary to begin offering the expanded Medicare Diabetes Prevention Program model.

  18. Report summary Prevalence and monetary costs of dementia in Canada (2016): a report by the Alzheimer Society of Canada.

    PubMed

    2016-10-01

    Dementia prevalence estimates vary among population-based studies, depending on the definitions of dementia, methodologies and data sources and types of costs they use. A common approach is needed to avoid confusion and increase public and stakeholder confidence in the estimates. Since 1994, five major studies have yielded widely differing estimates of dementia prevalence and monetary costs of dementia in Canada. These studies variously estimated the prevalence of dementia for the year 2011 as low as 340 170 and as high as 747 000. The main reason for this difference was that mild cognitive impairment (MCI) was not consistently included in the projections. The estimated monetary costs of dementia for the same year also varied, from $910 million to $33 billion. This discrepancy is largely due to three factors: (1) the lack of agreed-upon methods for estimating financial costs; (2) the unavailability of prevalence estimates for the various stages of dementia (mild, moderate and severe), which directly affect the amount of money spent; and (3) the absence of tools to measure direct, indirect and intangible costs more accurately. Given the increasing challenges of dementia in Canada and around the globe, reconciling these differences is critical for developing standards to generate reliable information for public consumption and to shape public policy and service development.

  19. Public Health and Politics: Using the Tax Code to Expand Advocacy.

    PubMed

    Gorovitz, Eric

    2017-03-01

    Protecting the public's health has always been an inherently political endeavor. The field of public health, however, is conspicuously and persistently absent from sustained, sophisticated engagement in political processes, particularly elections, that determine policy outcomes. This results, in large part, from widespread misunderstanding of rules governing how, and how much, public advocates working in tax-exempt organizations can participate in public policy development. This article briefly summarizes the rules governing public policy engagement by exempt organizations. It then describes different types of exempt organizations, and how they can work together to expand engagement. Next, it identifies several key mechanisms of policy development that public health advocates could influence. Finally, it suggests some methods of applying the tax rules to increase participation in these arenas.

  20. Greek's health, waiting for the 'deus ex machina'.

    PubMed

    Fanourgiakis, John; Kanoupakis, Emmanuel

    2014-10-01

    Greece from May 2010 has been following Troika's (European Commission, European Central Bank and International Monetary Fund) austere policies in all over the public finance sector. Troika's instructions which are adopted by the politicians resulted to depressed and weak citizens. The consequences in health care sector are becoming visible across the society. A big part of Greek's society is uninsured without any access to public health care system. The vulnerable social groups confront catastrophic health care expenditures and impoverishment with no social net protection. Greeks are paying the price of their irrational way of living. The current paper has gathered from the literature the early effects of the implementation of these policies on public health and healthcare.

  1. School food policy at Dutch primary schools: room for improvement? Cross-sectional findings from the INPACT study

    PubMed Central

    2013-01-01

    Background Schools can play an important role in the prevention of obesity, e.g. by providing an environment that stimulates healthy eating habits and by developing a food policy to provide such an environment. The effectiveness of a school food policy is affected by the content of the policy, its implementation and its support by parents, teachers and principals. The aim of this study is to detect opportunities to improve the school food policy and/or implementation at Dutch primary schools. Therefore, this study explores the school food policy and investigates schools’ (teachers and principals) and parents’ opinion on the school food policy. Methods Data on the schools’ perspective of the food policy was collected from principals and teachers by means of semi-structured interviews. In total 74 principals and 72 teachers from 83 Dutch primary schools were interviewed. Data on parental perceptions about the school food policy were based on a cross-sectional survey among 1,429 parents from the same schools. Results Most principals (87.1%) reported that their school had a written food policy; however in most cases the rules were not clearly defined. Most of the principals (87.8%) believed that their school paid sufficient attention to nutrition and health. Teachers and principals felt that parents were primarily responsible to encourage healthy eating habits among children, while 49.8% of the parents believed that it is also a responsibility of the school to foster healthy eating habits among children. Most parents reported that they appreciated the school food policy and comply with the food rules. Parents’ opinion on the enforcement of the school food policy varied: 28.1% believed that the school should enforce the policy more strongly, 32.1% was satisfied, and 39.8% had no opinion on this topic. Conclusion Dutch primary schools could play a more important role in fostering healthy eating habits among children. The school food policy could be improved by clearly formulating food rules, simplifying supervision of the food rules, and defining how to enforce the food rules. In addition, the school food policy will only influence children’s dietary behaviour if both the school and the parents support the policy. PMID:23587089

  2. Disparity Implications of the Medicare MTM Eligibility Criteria: A Literature Review

    PubMed Central

    Munshi, Kiraat D.; Shih, Ya-Chen Tina; Brown, Lawrence M.; Dagogo-Jack, Samuel; Wan, Jim Y.; Wang, Junling

    2013-01-01

    Summary The emphasis on eliminating racial and ethnic disparities in health care has received national attention, with various policy initiatives addressing this problem and proposing solutions. However, in the current economic era requiring tight monetary constraints, emphasis is increasingly being placed on economic efficiency, which often conflicts with the equality doctrine upon which many policies have been framed. Our review aims to highlight the disparity implications of one such policy provision—the predominantly utilization-based eligibility criteria for medication therapy management (MTM) services under Medicare Part D—by identifying studies that have documented racial and ethnic disparities in health status and the use of and spending on prescription medications. Future design and evaluation of various regulations and legislations employing utilization-based eligibility criteria must use caution in order to strike an equity-efficiency balance. PMID:23570431

  3. JPRS Report, Soviet Union, Peoples of Asia and Africa, No. 6, November-December 1987

    DTIC Science & Technology

    1988-06-07

    World Bank on condition of reducing the budget deficit and devaluing the national currency . The Bank granted credit to Indonesia for the purpose of...well as the devaluation of the national currency in relation to the dollar. These policies initially led to a further worsening of the country’s... currency organiza- tions. Footnotes 1. The IBRD [World Bank] was created simultaneously with the International Monetary Fund ( IMF ) at the Bretton

  4. Making Policy in the Shadow of the Future

    DTIC Science & Technology

    2010-01-01

    dollar would be replaced as the inter- national currency by the euro; the International Monetary Fund’s synthetic blend of curren- cies, known as SDRs...Special Drawing Rights); or even the Chinese renminbi. Indeed, in June 2009, the Chinese Central Bank called for the creation of a new reserve currency ...2006.32 Nor do short-term rates reflect panic on the part of debt holders. The U.S. dollar remains the international reserve currency . The reasons

  5. The G-20 and International Economic Cooperation: Background and Implications for Congress

    DTIC Science & Technology

    2009-12-09

    exports may decline should another country devalue its currency or restrict imports to attempt to reverse a trade deficit or protect domestic industries...International Monetary Fund ( IMF ), and more informal economic forums, like the Group of Seven, or G-7, and the Group of 20, or G-20. This report focuses on...international framework to monitor and coordinate economic policies, voting reform at the IMF and World Bank, increased funding of multilateral development banks

  6. The health crisis in Argentina.

    PubMed

    Escudero, José Carlos

    2003-01-01

    The health crisis in Argentina is part of the larger crisis that has resulted from a collapse in the country's economic and political systems. After a brief review of the country's history over the last century, from international success story to economic failure, the author explains the health crisis in particular and the social crisis in general in terms of failed neoliberal policies imposed on Argentina by the United States and International Monetary Fund through the mediation of the country's political class.

  7. The Global Economic Crisis: Impact on Sub-Saharan Africa and Global Policy Responses

    DTIC Science & Technology

    2009-08-25

    facilities, the Poverty Reduction and Growth Facility ( PRGF ) and the Exogenous Shocks Facility (ESF).88 Figure 11. IMF Concessional Loans to Africa...Billions of Dollars Source: International Monetary Fund. Notes: Amounts are the total amount of outstanding PRGF and ESF loans to African countries...the Needs of Low-Income Countries,” July 29, 2009. 87 CRS Report RS22534, The Multilateral Debt Relief Initiative, by Martin A. Weiss. 88 PRGF loans

  8. A Study of the Less-Developed-Countries Debt Crisis in Mexico and Subsequent Economic Policies

    DTIC Science & Technology

    2012-09-01

    August, 1982, the Finance Minister of Mexico, Silvia Herzog informed the International Monetary Fund that Mexico was unable to meet its principle ...world. A principle cause of the 1983 debt crisis proved to be the ability of Mexico to borrow considerable sums of capital from the international...environment that is favorable to the accumulation of human knowledge.”30 Additionally, studies conducted by “Barro (1991), Mankiw , Romer, and Well (1992

  9. Frameworks for comparing emissions associated with production, consumption, and international trade.

    PubMed

    Kanemoto, Keiichiro; Lenzen, Manfred; Peters, Glen P; Moran, Daniel D; Geschke, Arne

    2012-01-03

    While the problem of climate change is being perceived as increasingly urgent, decision-makers struggle to agree on the distribution of responsibility across countries. In particular, representatives from countries hosting emissions-intensive exporting industries have argued that the importers of emissions-intensive goods should bear the responsibility, and ensuing penalties. Indeed, international trade and carbon leakage appear to play an increasingly important role in the carbon emissions debate. However, definitions of quantities describing the embodiment of carbon emissions in internationally traded products, and their measurement, have to be sufficiently robust before being able to underpin global policy. In this paper we critically examine a number of emissions accounting concepts, examine whether the ensuing carbon balances are compatible with monetary trade balances, discuss their different interpretations, and highlight implications for policy. In particular, we compare the emissions embodied in bilateral trade (EEBT) method which considers total trade flows with domestic emission intensities, with the multi-regional input-output (MRIO) method which considers trade only into final consumption with global emission intensities. If consumption-based emissions of different countries were to be compared, we would suggest an MRIO approach because of the global emissions coverage inherent in this method. If trade-adjusted emission inventories were to be compared, we would suggest an EEBT approach due to the consistency with a monetary trade balance.

  10. Monetising the impacts of waste incinerators sited on brownfield land using the hedonic pricing method.

    PubMed

    Rivas Casado, Monica; Serafini, Jan; Glen, John; Angus, Andrew

    2017-03-01

    In England and Wales planning regulations require local governments to treat waste near its source. This policy principle alongside regional self-sufficiency and the logistical advantages of minimising distances for waste treatment mean that energy from waste incinerators have been built close to, or even within urban conurbations. There is a clear policy and research need to balance the benefits of energy production from waste incinerators against the negative externalities experienced by local residents. However, the monetary costs of nuisance emissions from incinerators are not immediately apparent. This study uses the Hedonic Pricing Method to estimate the monetary value of impacts associated with three incinerators in England. Once operational, the impact of the incinerators on local house prices ranged from approximately 0.4% to 1.3% of the mean house price for the respective areas. Each of the incinerators studied had been sited on previously industrialised land to minimise overall impact. To an extent this was achieved and results support the effectiveness of spatial planning strategies to reduce the impact on residents. However, negative impacts occurred in areas further afield from the incinerator, suggesting that more can be done to minimise the impacts of incinerators. The results also suggest that in some case the incinerator increased the value of houses within a specified distance of incinerators under specific circumstances, which requires further investigation. Copyright © 2016 Elsevier Ltd. All rights reserved.

  11. iRODS: A Distributed Data Management Cyberinfrastructure for Observatories

    NASA Astrophysics Data System (ADS)

    Rajasekar, A.; Moore, R.; Vernon, F.

    2007-12-01

    Large-scale and long-term preservation of both observational and synthesized data requires a system that virtualizes data management concepts. A methodology is needed that can work across long distances in space (distribution) and long-periods in time (preservation). The system needs to manage data stored on multiple types of storage systems including new systems that become available in the future. This concept is called infrastructure independence, and is typically implemented through virtualization mechanisms. Data grids are built upon concepts of data and trust virtualization. These concepts enable the management of collections of data that are distributed across multiple institutions, stored on multiple types of storage systems, and accessed by multiple types of clients. Data virtualization ensures that the name spaces used to identify files, users, and storage systems are persistent, even when files are migrated onto future technology. This is required to preserve authenticity, the link between the record and descriptive and provenance metadata. Trust virtualization ensures that access controls remain invariant as files are moved within the data grid. This is required to track the chain of custody of records over time. The Storage Resource Broker (http://www.sdsc.edu/srb) is one such data grid used in a wide variety of applications in earth and space sciences such as ROADNet (roadnet.ucsd.edu), SEEK (seek.ecoinformatics.org), GEON (www.geongrid.org) and NOAO (www.noao.edu). Recent extensions to data grids provide one more level of virtualization - policy or management virtualization. Management virtualization ensures that execution of management policies can be automated, and that rules can be created that verify assertions about the shared collections of data. When dealing with distributed large-scale data over long periods of time, the policies used to manage the data and provide assurances about the authenticity of the data become paramount. The integrated Rule-Oriented Data System (iRODS) (http://irods.sdsc.edu) provides the mechanisms needed to describe not only management policies, but also to track how the policies are applied and their execution results. The iRODS data grid maps management policies to rules that control the execution of the remote micro-services. As an example, a rule can be created that automatically creates a replica whenever a file is added to a specific collection, or extracts its metadata automatically and registers it in a searchable catalog. For the replication operation, the persistent state information consists of the replica location, the creation date, the owner, the replica size, etc. The mechanism used by iRODS for providing policy virtualization is based on well-defined functions, called micro-services, which are chained into alternative workflows using rules. A rule engine, based on the event-condition-action paradigm executes the rule-based workflows after an event. Rules can be deferred to a pre-determined time or executed on a periodic basis. As the data management policies evolve, the iRODS system can implement new rules, new micro-services, and new state information (metadata content) needed to manage the new policies. Each sub- collection can be managed using a different set of policies. The discussion of the concepts in rule-based policy virtualization and its application to long-term and large-scale data management for observatories such as ORION and NEON will be the basis of the paper.

  12. Cost-effectiveness Analysis on Measures to Improve China's Coal-fired Industrial Boiler

    DOE PAGES

    Liu, Manzhi; Shen, Bo; Han, Yafeng; ...

    2015-08-01

    Tackling coal-burning industrial boiler is becoming one of the key programs to solve the environmental problem in China. Assessing the economics of various options to address coal-fired boiler is essential to identify cost-effective solutions. This paper discusses our work in conducting a cost-effectiveness analysis on various types of improvement measures ranging from energy efficiency retrofits to switch from coal to other fuels in China. Sensitivity analysis was also performed in order to understand the impacts of some economic factors such as discount rate and energy price on the economics of boiler improvement options. The results show that nine out ofmore » 14 solutions are cost-effective, and a lower discount rate and higher energy price will result in more energy efficiency measures being cost-effective. Both monetary and non-monetary barriers to energy-efficiency improvement are discussed and policies to tackle these barriers are recommended. Our research aims at providing a methodology to assess cost-effective solutions to boiler problems.« less

  13. Why health advocates must get involved in development economics: the case of the International Monetary Fund.

    PubMed

    Rowden, Rick

    2010-01-01

    International health advocates have traditionally focused on calling for external strategies for achieving health goals in developing countries, such as more foreign aid, foreign direct investment, loans, and debt cancellation, as opposed to internal approaches, such as building domestic productive capacity and accumulating capital. They have largely neglected questions of development economics, particularly the effectiveness, or lack thereof, of the currently dominant neoliberal development model promoted by the rich countries and aid agencies for poor countries. While critics have been correct to blame the International Monetary Fund for its policies curtailing public health spending in developing countries, their analysis generally neglects the underlying issue of why developing countries are seemingly unable to build their domestic tax base on which health budgets depend. International health advocates should engage with such macroeconomic questions and challenge the failures of the dominant neoliberal economic model that blocks countries from industrializing and building their own productive capacities with which to generate their own resources for financing their health budgets over time.

  14. 46 CFR 506.4 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 46 Shipping 9 2012-10-01 2012-10-01 false Cost of living adjustments of civil monetary penalties... MONETARY PENALTY INFLATION ADJUSTMENT § 506.4 Cost of living adjustments of civil monetary penalties. (a... penalty for each civil monetary penalty by the cost-of-living adjustment. Any increase determined under...

  15. 46 CFR 506.4 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 46 Shipping 9 2014-10-01 2014-10-01 false Cost of living adjustments of civil monetary penalties... MONETARY PENALTY INFLATION ADJUSTMENT § 506.4 Cost of living adjustments of civil monetary penalties. (a... penalty for each civil monetary penalty by the cost-of-living adjustment. Any increase determined under...

  16. 46 CFR 506.4 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 46 Shipping 9 2011-10-01 2011-10-01 false Cost of living adjustments of civil monetary penalties... MONETARY PENALTY INFLATION ADJUSTMENT § 506.4 Cost of living adjustments of civil monetary penalties. (a... penalty for each civil monetary penalty by the cost-of-living adjustment. Any increase determined under...

  17. 46 CFR 506.4 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 46 Shipping 9 2010-10-01 2010-10-01 false Cost of living adjustments of civil monetary penalties... MONETARY PENALTY INFLATION ADJUSTMENT § 506.4 Cost of living adjustments of civil monetary penalties. (a... penalty for each civil monetary penalty by the cost-of-living adjustment. Any increase determined under...

  18. 46 CFR 506.4 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 46 Shipping 9 2013-10-01 2013-10-01 false Cost of living adjustments of civil monetary penalties... MONETARY PENALTY INFLATION ADJUSTMENT § 506.4 Cost of living adjustments of civil monetary penalties. (a... penalty for each civil monetary penalty by the cost-of-living adjustment. Any increase determined under...

  19. 46 CFR 201.64 - Contents of rules.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 46 Shipping 8 2012-10-01 2012-10-01 false Contents of rules. 201.64 Section 201.64 Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION POLICY, PRACTICE AND PROCEDURE RULES OF PRACTICE AND PROCEDURE Rule Making (Rule 6) § 201.64 Contents of rules. The Administration will incorporate in any rule to be adopted a concise general statement...

  20. UPM: unified policy-based network management

    NASA Astrophysics Data System (ADS)

    Law, Eddie; Saxena, Achint

    2001-07-01

    Besides providing network management to the Internet, it has become essential to offer different Quality of Service (QoS) to users. Policy-based management provides control on network routers to achieve this goal. The Internet Engineering Task Force (IETF) has proposed a two-tier architecture whose implementation is based on the Common Open Policy Service (COPS) protocol and Lightweight Directory Access Protocol (LDAP). However, there are several limitations to this design such as scalability and cross-vendor hardware compatibility. To address these issues, we present a functionally enhanced multi-tier policy management architecture design in this paper. Several extensions are introduced thereby adding flexibility and scalability. In particular, an intermediate entity between the policy server and policy rule database called the Policy Enforcement Agent (PEA) is introduced. By keeping internal data in a common format, using a standard protocol, and by interpreting and translating request and decision messages from multi-vendor hardware, this agent allows a dynamic Unified Information Model throughout the architecture. We have tailor-made this unique information system to save policy rules in the directory server and allow executions of policy rules with dynamic addition of new equipment during run-time.

  1. The effects of response cost and response restriction on a multiple-response repertoire with humans

    PubMed Central

    Crosbie, John

    1993-01-01

    In two experiments a multiple-response repertoire of four free-operant responses was developed with university students as subjects using monetary gain as reinforcement. Following baseline, one of the responses was reduced either by making monetary loss contingent upon it (response cost) or by removing it from the repertoire (response restriction). In Experiment 1 a multielement baseline design was employed in which baseline and restriction or response-cost contingencies alternated semirandomly every 3 minutes. In Experiment 2 a reversal design was employed (i.e., baseline, restriction or response cost, then baseline), and each response required a different amount of effort. Both experiments had the following results: (a) The target response decreased substantially; (b) most nontarget responses increased, and the rest remained near their baseline levels; and (c) no support was found for Dunham's hierarchical, most frequent follower, or greatest temporal similarity rules. For several subjects, the least probable responses during baseline increased most, and the most probable responses increased least. Furthermore, in Experiment 2, responses with the lowest frequency of reinforcement increased most (for all 7 subjects), and those with the greatest frequency of reinforcement increased least (for 5 subjects). PMID:16812683

  2. Policy-Based Management Natural Language Parser

    NASA Technical Reports Server (NTRS)

    James, Mark

    2009-01-01

    The Policy-Based Management Natural Language Parser (PBEM) is a rules-based approach to enterprise management that can be used to automate certain management tasks. This parser simplifies the management of a given endeavor by establishing policies to deal with situations that are likely to occur. Policies are operating rules that can be referred to as a means of maintaining order, security, consistency, or other ways of successfully furthering a goal or mission. PBEM provides a way of managing configuration of network elements, applications, and processes via a set of high-level rules or business policies rather than managing individual elements, thus switching the control to a higher level. This software allows unique management rules (or commands) to be specified and applied to a cross-section of the Global Information Grid (GIG). This software embodies a parser that is capable of recognizing and understanding conversational English. Because all possible dialect variants cannot be anticipated, a unique capability was developed that parses passed on conversation intent rather than the exact way the words are used. This software can increase productivity by enabling a user to converse with the system in conversational English to define network policies. PBEM can be used in both manned and unmanned science-gathering programs. Because policy statements can be domain-independent, this software can be applied equally to a wide variety of applications.

  3. 47 CFR 95.1215 - Disclosure policies.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... SERVICES Medical Device Radiocommunication Service (MedRadio) § 95.1215 Disclosure policies. Manufacturers... transmitter is authorized by rule under the Medical Device Radiocommunication Service (in part 95 of the FCC Rules) and must not cause harmful interference to stations operating in the 400.150-406.000 MHz band in...

  4. Heterogeneous motivations for coca growing: the case of an indigenous Aymara community in Peru.

    PubMed

    Garcia-Yi, Jaqueline

    2014-11-01

    Coca is a native bush from the Amazon rainforest from which cocaine is extracted. Growing coca is a profitable activity; however, not all farmers located in the coca-supply areas do so. Little is known about farmers' motivations for the decision to grow coca and if so, how much to grow. This article evaluates the influence of monetary and non-monetary factors on these decisions. The study is based on a survey of 496 households in an indigenous Aymara community in Peru. The results suggest, for example, that farmers are more likely to cultivate coca when their plots are characterized by flatter agricultural slopes and when in debt. In relation to the scale of coca cultivation, farmers can be classified into two groups. The larger group (73 percent) grows a high number of coca bushes when facing economic hardship; farmers in the second group (27 percent) seem to be more motivated by the potential profits from coca production relative to coffee, the alternative crop in the area. Therefore, the results support the common notion that farmers cultivate coca in accordance with economic need. Nonetheless, non-economic factors also influence the number of coca bushes cultivated and offer an additional opportunity to reduce coca cultivation if explicitly considered in drug-control policies. This research also discusses potential farmers' responses to different coca-growing reduction strategies. Common drug-control policies such as organic coffee certification, road construction, and education have mixed effects on coca cultivation, depending on the type of coca grower. As such, farmers' motivations are heterogeneous and the design of effective drug-control policies needs to reflect this. Copyright © 2014 Elsevier B.V. All rights reserved.

  5. Medicare program; revisions to payment policies under the physician fee schedule, clinical laboratory fee schedule & other revisions to Part B for CY 2014. Final rule with comment period.

    PubMed

    2013-12-10

    This major final rule with comment period addresses changes to the physician fee schedule, clinical laboratory fee schedule, and other Medicare Part B payment policies to ensure that our payment systems are updated to reflect changes in medical practice and the relative value of services. This final rule with comment period also includes a discussion in the Supplementary Information regarding various programs. (See the Table of Contents for a listing of the specific issues addressed in the final rule with comment period.)

  6. The relevance of a rules-based maize marketing policy: an experimental case study of Zambia.

    PubMed

    Abbink, Klaus; Jayne, Thomas S; Moller, Lars C

    2011-01-01

    Strategic interaction between public and private actors is increasingly recognised as an important determinant of agricultural market performance in Africa and elsewhere. Trust and consultation tends to positively affect private activity while uncertainty of government behaviour impedes it. This paper reports on a laboratory experiment based on a stylised model of the Zambian maize market. The experiment facilitates a comparison between discretionary interventionism and a rules-based policy in which the government pre-commits itself to a future course of action. A simple precommitment rule can, in theory, overcome the prevailing strategic dilemma by encouraging private sector participation. Although this result is also borne out in the economic experiment, the improvement in private sector activity is surprisingly small and not statistically significant due to irrationally cautious choices by experimental governments. Encouragingly, a rules-based policy promotes a much more stable market outcome thereby substantially reducing the risk of severe food shortages. These results underscore the importance of predictable and transparent rules for the state's involvement in agricultural markets.

  7. 46 CFR 201.133 - Appeal from ruling of presiding officer.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 46 Shipping 8 2013-10-01 2013-10-01 false Appeal from ruling of presiding officer. 201.133 Section 201.133 Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION POLICY, PRACTICE AND PROCEDURE RULES OF PRACTICE AND PROCEDURE Hearing Procedures (Rule 13) § 201.133 Appeal from ruling of presiding...

  8. 46 CFR 201.133 - Appeal from ruling of presiding officer.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 46 Shipping 8 2011-10-01 2011-10-01 false Appeal from ruling of presiding officer. 201.133 Section 201.133 Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION POLICY, PRACTICE AND PROCEDURE RULES OF PRACTICE AND PROCEDURE Hearing Procedures (Rule 13) § 201.133 Appeal from ruling of presiding...

  9. 46 CFR 201.133 - Appeal from ruling of presiding officer.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 46 Shipping 8 2014-10-01 2014-10-01 false Appeal from ruling of presiding officer. 201.133 Section 201.133 Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION POLICY, PRACTICE AND PROCEDURE RULES OF PRACTICE AND PROCEDURE Hearing Procedures (Rule 13) § 201.133 Appeal from ruling of presiding...

  10. 44 CFR 5.20 - Publication of rules and general policies.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 44 Emergency Management and Assistance 1 2010-10-01 2010-10-01 false Publication of rules and general policies. 5.20 Section 5.20 Emergency Management and Assistance FEDERAL EMERGENCY MANAGEMENT... currently published, or from time to time there will be published, in the Federal Register for the guidance...

  11. 18 CFR 281.205 - General rules.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... OF ENERGY OTHER REGULATIONS UNDER THE NATURAL GAS POLICY ACT OF 1978 AND RELATED AUTHORITIES NATURAL GAS CURTAILMENT UNDER THE NATURAL GAS POLICY ACT OF 1978 Permanent Curtailment Rule § 281.205 General... volumes of natural gas not included in priorities 1 and 2 shall be fully curtailed by the interstate...

  12. 38 CFR 18.503 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... Pub. L. 94-135, 42 U.S.C. 6101-6107). (b) Action means any act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard, or method of administration. (c..., children, adult, older persons, but not student). (h) Day means calendar day. (i) Federal financial...

  13. 10 CFR 1040.83 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    .... 6101 et seq. (b) Action means any act, activity, policy, rule, standard or method of administration; or the use of any policy, rule, standard, or method of administration. (c) Age means how old a person is... which necessarily imply a particular age or range of ages (for example, “children”, “adult”, “older...

  14. 44 CFR 7.913 - Definition of terms used in this regulation.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... means any act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard or method of administration. Administrator means the Administrator of the Federal... word or words which necessarily imply a particular age or range of ages (for example, children, older...

  15. The FCC in Fiscal 1971.

    ERIC Educational Resources Information Center

    Federal Communications Commission, Washington, DC.

    Fiscal 1971 saw major actions by the Federal Communications Commission (FCC) in all areas of its jurisdiction. In broadcasting, the FCC proposed new renewal rules and policies and issued a number of significant rulings on Fairness Doctrine matters. A policy statement outlining FCC cable television plans was submitted to the Congress. In the common…

  16. Federal Policy for the Protection of Human Subjects. Final rule.

    PubMed

    2017-01-19

    The departments and agencies listed in this document announce revisions to modernize, strengthen, and make more effective the Federal Policy for the Protection of Human Subjects that was originally promulgated as a Common Rule in 1991. This final rule is intended to better protect human subjects involved in research, while facilitating valuable research and reducing burden, delay, and ambiguity for investigators. These revisions are an effort to modernize, simplify, and enhance the current system of oversight.

  17. Using Decision-Analytic Modeling to Isolate Interventions That Are Feasible, Efficient and Optimal: An Application from the Norwegian Cervical Cancer Screening Program.

    PubMed

    Pedersen, Kine; Sørbye, Sveinung Wergeland; Burger, Emily Annika; Lönnberg, Stefan; Kristiansen, Ivar Sønbø

    2015-12-01

    Decision makers often need to simultaneously consider multiple criteria or outcomes when deciding whether to adopt new health interventions. Using decision analysis within the context of cervical cancer screening in Norway, we aimed to aid decision makers in identifying a subset of relevant strategies that are simultaneously efficient, feasible, and optimal. We developed an age-stratified probabilistic decision tree model following a cohort of women attending primary screening through one screening round. We enumerated detected precancers (i.e., cervical intraepithelial neoplasia of grade 2 or more severe (CIN2+)), colposcopies performed, and monetary costs associated with 10 alternative triage algorithms for women with abnormal cytology results. As efficiency metrics, we calculated incremental cost-effectiveness, and harm-benefit, ratios, defined as the additional costs, or the additional number of colposcopies, per additional CIN2+ detected. We estimated capacity requirements and uncertainty surrounding which strategy is optimal according to the decision rule, involving willingness to pay (monetary or resources consumed per added benefit). For ages 25 to 33 years, we eliminated four strategies that did not fall on either efficiency frontier, while one strategy was efficient with respect to both efficiency metrics. Compared with current practice in Norway, two strategies detected more precancers at lower monetary costs, but some required more colposcopies. Similar results were found for women aged 34 to 69 years. Improving the effectiveness and efficiency of cervical cancer screening may necessitate additional resources. Although efficient and feasible, both society and individuals must specify their willingness to accept the additional resources and perceived harms required to increase effectiveness before a strategy can be considered optimal. Copyright © 2015. Published by Elsevier Inc.

  18. Contribution of ecosystem services to air quality and climate change mitigation policies: the case of urban forests in Barcelona, Spain.

    PubMed

    Baró, Francesc; Chaparro, Lydia; Gómez-Baggethun, Erik; Langemeyer, Johannes; Nowak, David J; Terradas, Jaume

    2014-05-01

    Mounting research highlights the contribution of ecosystem services provided by urban forests to quality of life in cities, yet these services are rarely explicitly considered in environmental policy targets. We quantify regulating services provided by urban forests and evaluate their contribution to comply with policy targets of air quality and climate change mitigation in the municipality of Barcelona, Spain. We apply the i-Tree Eco model to quantify in biophysical and monetary terms the ecosystem services "air purification," "global climate regulation," and the ecosystem disservice "air pollution" associated with biogenic emissions. Our results show that the contribution of urban forests regulating services to abate pollution is substantial in absolute terms, yet modest when compared to overall city levels of air pollution and GHG emissions. We conclude that in order to be effective, green infrastructure-based efforts to offset urban pollution at the municipal level have to be coordinated with territorial policies at broader spatial scales.

  19. The impact of IMF conditionality on government health expenditure: A cross-national analysis of 16 West African nations.

    PubMed

    Stubbs, Thomas; Kentikelenis, Alexander; Stuckler, David; McKee, Martin; King, Lawrence

    2017-02-01

    How do International Monetary Fund (IMF) policy reforms-so-called 'conditionalities'-affect government health expenditures? We collected archival documents on IMF programmes from 1995 to 2014 to identify the pathways and impact of conditionality on government health spending in 16 West African countries. Based on a qualitative analysis of the data, we find that IMF policy reforms reduce fiscal space for investment in health, limit staff expansion of doctors and nurses, and lead to budget execution challenges in health systems. Further, we use cross-national fixed effects models to evaluate the relationship between IMF-mandated policy reforms and government health spending, adjusting for confounding economic and demographic factors and for selection bias. Each additional binding IMF policy reform reduces government health expenditure per capita by 0.248 percent (95% CI -0.435 to -0.060). Overall, our findings suggest that IMF conditionality impedes progress toward the attainment of universal health coverage. Copyright © 2016 Elsevier Ltd. All rights reserved.

  20. Pillars of Power: Silver and Steel of the Ottoman Empire.

    NASA Astrophysics Data System (ADS)

    Nerantzis, N.

    The Ottoman Empire was forged over disintegrating Byzantium, stretching across Anatolia and the Balkans and ruled for almost five centuries. One crucial parameter that allowed for its quick expansion has been a combination of economic wealth and superiority of armed forces. The Ottomans succeeded in both sectors by promoting innovative technology in the field of silver and steel production for supplying their monetary system and weapons industry. Rich mines and smelting workshops provided increased output in metals, allowing for quick expansion and economic growth. Some of the major centres for silver and steel production are being discussed in this paper in conjunction with analytical data from smelting residues.

  1. United States-Vietnam Relations 1945-1967. Book 7 of 12

    DTIC Science & Technology

    1971-09-20

    have the 118 rate in both directions. (2) A new tax on beverages would raise about 1.5 billion piasters in revenue. (3) The GVK would sell gold to...12) Increase receipts from domestic taxes and tariffs, and revise monetary policies. 103/ 17. The Leverage Study On August 31 State...of pressures against the North became more urgent, and the pros-- peet of increasing U.S. inputs to all phases of the war loomed larger. The U.S

  2. Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2011 Through December 2011

    DTIC Science & Technology

    2012-02-01

    used to finance 11. Changes in the output gap affect unemployment gradually over several quarters. Initially, part of a rise in output shows up as...discussion of the long-run effects of other debt- financed policies for boosting output and employment, see statement of Douglas W. Elmendorf, Director...DECEMBER 2011 CBO 6. See Eric M. Leeper, "Monetary Science, Fiscal Alchemy " (paper presented at the Federal Reserve Bank of Kansas City symposium

  3. [Costs and benefits of smoking].

    PubMed

    Polder, J J; van Gils, P F; Kok, L; Talhout, R; Feenstra, T L

    2017-01-01

    - Two recent societal cost-benefit analyses have documented the costs of smoking and the cost-effectiveness of preventing smoking.- Smoking costs the Netherlands society EUR 33 billion per year.- The majority of this is the monetary value of health loss; these are "soft" euros that cannot be re-spent.- There is not a great deal of difference between costs and benefits when expressed in "hard" euros, which means that there is no clear business case for anti-smoking policy.- The greatest benefit of discouraging smoking is improved health for the individual and increased productivity for the business sector; however, the benefits cannot be easily realised, because even in the most favourable scenario the number of smokers will decrease slowly.- Excise duties seem to offer the most promising avenue for combating smoking. The benefits of anti-smoking policy, therefore, consist mainly of tax revenues for the government.- Stringent policy is required to transform tax revenues into health gains.

  4. Food inflation in South Africa: some implications for economic policy.

    PubMed

    Rangasamy, Logan

    2011-01-01

    This paper analyses the trends in food price movements in South Africa between 1980 and 2008. There are three main results emanating from the analysis in this paper. Firstly, food price movements have played a large role in generating inflationary episodes in South Africa. Secondly, while external influences do matter, South African food price movements are mainly due to domestic influences. This implies that national policy has an important role to play in taming domestic food price inflation. Thirdly, given the strong second round impacts, food price movements warrant special attention in monetary policymaking. Core measures of inflation that exclude food price movements may not accurately reflect the underlying inflationary pressures in the economy and could compromise the attainment of the goal of price stability.

  5. Economic Adjustment, Education and Human Resource Development in Africa: The Case of Nigeria

    NASA Astrophysics Data System (ADS)

    Geo-Jaja, Macleans A.; Mangum, Garth

    2003-07-01

    On the basis of the Nigerian experience, this article argues that the structural adjustment programs of the World Bank and the International Monetary Fund, when misapplied, can have a devastating effect on the educational systems that are essential to human resource development. The paper considers how the objectives of structural adjustment might have been accomplished without harming education, and recommends an outcomes-based educational policy for Nigeria which could serve equally well in other developing nations. The key message of the paper is that the ongoing austerity programs have been secured at excessively high human cost, and that it is time for a policy redirection that reaffirms education as the essential tool of all development.

  6. Structural adjustment and health: A conceptual framework and evidence on pathways.

    PubMed

    Kentikelenis, Alexander E

    2017-08-01

    Economic reform programs designed by the International Monetary Fund and the World Bank-so-called 'structural adjustment programs'-have formed one of the most influential policy agendas of the past four decades. To gain access to financial support from these organizations, countries-often in economic crisis-have reduced public spending, limited the role of the state, and deregulated economic activity. This article identifies the multiple components of structural adjustment, and presents a conceptual framework linking them to health systems and outcomes. Based on a comprehensive review of the academic literature, the article identifies three main pathways through which structural adjustment affects health: policies directly targeting health systems; policies indirectly impacting health systems; and policies affecting the social determinants of health. The cogency of the framework is illustrated by revisiting Greece's recent experience with structural adjustment, drawing on original IMF reports and secondary literature. Overall, the framework offers a lens through which to analyze the health consequences of structural adjustment across time, space and levels of socioeconomic development, and can be utilized in ex ante health impact assessments of these policies. Copyright © 2017 Elsevier Ltd. All rights reserved.

  7. Challenges for Rule Systems on the Web

    NASA Astrophysics Data System (ADS)

    Hu, Yuh-Jong; Yeh, Ching-Long; Laun, Wolfgang

    The RuleML Challenge started in 2007 with the objective of inspiring the issues of implementation for management, integration, interoperation and interchange of rules in an open distributed environment, such as the Web. Rules are usually classified as three types: deductive rules, normative rules, and reactive rules. The reactive rules are further classified as ECA rules and production rules. The study of combination rule and ontology is traced back to an earlier active rule system for relational and object-oriented (OO) databases. Recently, this issue has become one of the most important research problems in the Semantic Web. Once we consider a computer executable policy as a declarative set of rules and ontologies that guides the behavior of entities within a system, we have a flexible way to implement real world policies without rewriting the computer code, as we did before. Fortunately, we have de facto rule markup languages, such as RuleML or RIF to achieve the portability and interchange of rules for different rule systems. Otherwise, executing real-life rule-based applications on the Web is almost impossible. Several commercial or open source rule engines are available for the rule-based applications. However, we still need a standard rule language and benchmark for not only to compare the rule systems but also to measure the progress in the field. Finally, a number of real-life rule-based use cases will be investigated to demonstrate the applicability of current rule systems on the Web.

  8. 47 CFR 1.427 - Effective date of rules.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... organization, procedure or practice; or interpretative rules; and statements of policy may be made effective... 47 Telecommunication 1 2010-10-01 2010-10-01 false Effective date of rules. 1.427 Section 1.427... Proceedings § 1.427 Effective date of rules. (a) Any rule issued by the Commission will be made effective not...

  9. First approaches to the monetary impact of environmental health disturbances in Germany.

    PubMed

    Haucke, Florian; Brückner, Ulrike

    2010-01-01

    This article aims to describe essential conditions and starting-points for the monetary evaluation of environmentally attributable diseases. Furthermore, a cost calculation within a scenario analysis is conducted for Germany. To calculate the costs of environmental health effects we chose a disease-specific perspective. The national statistics of the Federal Statistical Office and the World Health Report burden of disease estimates were used to identify the most important disease categories for Germany. Based on an extensive literature research in computerized databases and the publications of national and international institutions, available costs of illness studies for Germany as well as environmental attributable fractions (EAFs) were identified. Based on these data environmental health costs were calculated with a top-down approach. Direct and indirect environmental costs of illness add up to 15-62 billion euro(2006) per year depending on the specific scenario. From our results a tentative scheme is deduced of how the monetary environmental burden of specific diseases is composed and how it can be assigned to major environmental exposures and economic sectors which can be used in setting intervention priorities and evaluating intervention efficiency. Within this article, we were able to calculate environmental health costs for Germany based on available, easy to access data and deduce implications for environmental policy decision-making. However, there are restrictions in data quality, as the aetiology of some diseases with respect to environmental impacts is not very well documented and data has not been collected particularly for Germany.

  10. The role of multi-target policy instruments in agri-environmental policy mixes.

    PubMed

    Schader, Christian; Lampkin, Nicholas; Muller, Adrian; Stolze, Matthias

    2014-12-01

    The Tinbergen Rule has been used to criticise multi-target policy instruments for being inefficient. The aim of this paper is to clarify the role of multi-target policy instruments using the case of agri-environmental policy. Employing an analytical linear optimisation model, this paper demonstrates that there is no general contradiction between multi-target policy instruments and the Tinbergen Rule, if multi-target policy instruments are embedded in a policy-mix with a sufficient number of targeted instruments. We show that the relation between cost-effectiveness of the instruments, related to all policy targets, is the key determinant for an economically sound choice of policy instruments. If economies of scope with respect to achieving policy targets are realised, a higher cost-effectiveness of multi-target policy instruments can be achieved. Using the example of organic farming support policy, we discuss several reasons why economies of scope could be realised by multi-target agri-environmental policy instruments. Copyright © 2014 Elsevier Ltd. All rights reserved.

  11. The impact of the State Children's Health Insurance Program's unborn child ruling expansions on foreign-born Latina prenatal care and birth outcomes, 2000-2007.

    PubMed

    Drewry, Jonathan; Sen, Bisakha; Wingate, Martha; Bronstein, Janet; Foster, E Michael; Kotelchuck, Milton

    2015-07-01

    The 2002 "unborn child ruling" resulted in State Children's Health Insurance Program (SCHIP) expansion for states to cover prenatal care for low-income women without health insurance. Foreign-born Latinas who do not qualify for Medicaid coverage theoretically should have benefited most from the policy ruling given their documented low rates of prenatal care utilization. This study compares prenatal care utilization and subsequent birth outcomes among foreign-born Latinas in six states that used the unborn child ruling to expand coverage to those in ten states that did not implement the expansion. This policy analysis examines cross-sectional pooled US natality data from the pre-enactment years (2000-2003) versus post-enactment years (2004-2007) to estimate the effect of the UCR on prenatal care utilization and birth outcome measures for foreign-born Latinas. Then using a difference-in-difference estimator, we assessed these differences across time for states that did or did not enact the unborn child ruling. Analyses were then replicated on a high-risk subset of the population (single foreign-born Latinas with lower levels of education). The SCHIP unborn child ruling policy expansion increased PNCU over time in the six enacting states. Foreign-born Latinas in expansion enacting states experienced increases in prenatal care utilization though only the high-risk subset were statistically significant. Birth outcomes did not change. The SCHIP unborn child ruling policy was associated with enhanced PNC for a subset of high-risk foreign-born Latinas.

  12. Applied economics: The use of monetary incentives to modulate behavior.

    PubMed

    Strang, S; Park, S Q; Strombach, T; Kenning, P

    2016-01-01

    According to standard economic theory higher monetary incentives will lead to higher performance and higher effort independent of task, context, or individual. In many contexts this standard economic advice is implemented. Monetary incentives are, for example, used to enhance performance at workplace or to increase health-related behavior. However, the fundamental positive impact of monetary incentives has been questioned by psychologists as well as behavioral economists during the last decade, arguing that monetary incentives can sometimes even backfire. In this chapter, studies from proponents as well as opponents of monetary incentives will be presented. Specifically, the impact of monetary incentives on performance, prosocial, and health behavior will be discussed. Furthermore, variables determining whether incentives have a positive or negative impact will be identified. © 2016 Elsevier B.V. All rights reserved.

  13. 76 FR 76573 - Medical Loss Ratio Requirements Under the Patient Protection and Affordable Care Act

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-07

    ... the regulations treat ICD-10 conversion costs; change the rules on deducting community benefit... policies; (2) rules governing how ICD-10 conversion costs, fraud reduction expenses, and community benefit... administrative costs associated with expatriate policies as evidenced from the public comments and the first two...

  14. 14 CFR 1252.103 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... Pub. L. 94-135.) (b) Action means any act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard, or method of administration. (c) Age means how old a... necessarily imply a particular age or range of ages (for example, “children,” “adult,” “older persons,” but...

  15. 15 CFR 20.3 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... amended (Title III of Pub. L. 94-135). (b) Action means any act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard, or method of administration. (c) Age... necessarily imply a particular age or range of ages (for example: “children,” “adult,” “older persons,” but...

  16. 45 CFR 91.4 - Definition of terms used in these regulations.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard, or method of administration. Age means how old a person is, or the number of years from the date..., children, adult, older persons, but not student). Agency means a Federal department or agency that is...

  17. 45 CFR 1156.3 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... Pub. L. 94-135). (b) Action means any act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard, or method of administration. (c) Age means how old a... imply a particular age or range of ages (for example, “children,” “adult,” “older person,” but not...

  18. Access to medicines in Brazil based on monetary and non-monetary acquisition data obtained from the 2008/2009 Household Budget Survey

    PubMed Central

    Goes, Fernanda Caroline Silva; Homem-de-Mello, Mauricio; Caldas, Eloisa Dutra

    2016-01-01

    ABSTRACT OBJECTIVE To investigate the access to medicines by Brazilian families by monetary and non-monetary acquisition data. METHODS This is a cross-sectional study based on data obtained from the 2008/2009 Brazilian Household Budget Survey. The units of assessment were households that participated in the survey and the data on the acquisition of medicines over the 30 days prior to the interviews. The medicines were classified according to the Anatomical Therapeutic Chemical classification system. RESULTS Acquisition of medicines was reported by 82.9% of Brazilian households, with 2.38 medicines/household, and 0.72 medicine/individual. In the South and Southeast regions, the average acquisition was slightly greater than the national average (2.53 and 2.49, respectively). In 22.3% of Brazilian households, it was reported that a medicine was not acquired due to lack of financial resources, mainly in the North and Northeastern regions, and in rural areas. Approximately 15.0% of medicines were obtained with no costs, 90.1% of them by the Brazilian Unified Health System. The medicines most acquired were those acting on the nervous system (28.8% of Brazilian households), on the cardiovascular system (15.7%), on the digestive tract and metabolism (14.3%), and on the respiratory system (12.1%). Overall, the quantity of medicines acquired was greater in higher socioeconomic classes of the population, with the exception of antiparasitic products, most likely because of the precarious sanitary conditions faced by less privileged social classes. CONCLUSIONS The acquisition of medicines is a common practice in Brazil, being reported by over 80.0% of the Brazilian households in 2008/2009. Although the data obtained from the Brazilian Household Budget Survey have some limitations, the information obtained in this study can help health authorities to design national and regional policies to guarantee access to these products while promoting their rational use. PMID:28099666

  19. Proceedings of the Workshop on Large, Distributed, Parallel Architecture, Real-Time Systems Held in Alexandria, Virginia on 15-19 March 1993

    DTIC Science & Technology

    1993-07-01

    distributed system. Second, to support the development of scaleable end-use applications that implement the mission critical control policies of the...implementation. These and other cogent reasons suggest two important rules for designing large, distributed, realtime systems: i) separate policies required...system design rules. 0 The separation of system coordination and management policies and mechanisms allows for the "objectification" of the underlying

  20. Explaining trends in addictive behaviour policy--the role of policy coherence.

    PubMed

    Adam, Christian; Raschzok, Andreas

    2014-05-01

    This article analyses addictive behaviour policy regimes - focusing on illegal drugs and gambling - in 19 countries over a period of 50 years. It compares how these countries have combined rules on the consumption and possession of cannabis and on the participation in sports betting with sanctions for violations of these rules. While theories of policy convergence can explain dominant trends in the way the combination of these policy instruments have changed, they cannot account for all of the empirical variation observed. Turning to Portugal, a case which deviates in both illegal drug and gambling policy from the expected trend, we show that explanations of policy change improve substantially when taking the concept of policy coherence into account. Specifically, we argue that changes of the policy status quo are facilitated when policy entrepreneurs succeed in shaping a perception of policy incoherence. In turn, when relevant actors are able to maintain a perception of policy coherence, the policy status quo is stabilized. Copyright © 2014 Elsevier B.V. All rights reserved.

  1. The political economy of the introduction of Western medicine in India and preexisting health practices.

    PubMed

    Banerji, Debabar

    2009-01-01

    In India, by the second century B.C., Ayurvedic medicine had already taken the momentous step of becoming rational therapeutics. Physicians created a methodology based on the supreme importance of direct observation of natural phenomena and the technique of rational processing of empirical data. However, over the long history of the country, Ayurvedic medicine underwent severe erosion of its knowledge and practice because of profound political, cultural, social, and economic changes. Nevertheless, it was used by the poor because access to Western medicine was denied by the ruling classes. Alarm bells started to ring with the declaration of self-reliance and self-determination by the poor at Alma-Ata in 1978. A syndicate of the rich countries, with active support of India's ruling elite, mobilized the enormous influence and resources of organizations such as the International Monetary Fund, World Health Organization, UNICEF, and World Bank to promote their unconcealed agenda of promoting the private health sector and further decimating the public sector.

  2. Playing by the Rules: Agency Policy and Procedure in Service Experience of IPV Survivors.

    PubMed

    Wood, Leila; Cook Heffron, Laurie; Voyles, Molly; Kulkarni, Shanti

    2017-06-01

    More than 1,800 programs exist in the United States, providing not only shelter but also transitional housing, advocacy and support, transportation, legal aid, and group and individual counseling for women who have experienced intimate partner violence (IPV). Shelter and transitional housing provide critical support for survivors, but have also been critiqued for having too many restrictive rules and code of conduct. More information is needed about the impact of rules and agency policy on women seeking services in IPV residential settings. This qualitative study explored the central research question, "How do rules shape IPV residential environment and survivor experiences in services?" Twenty-five women in four programs in two states who were currently residing in IPV residential services were interviewed about their experiences. Data were analyzed using grounded theory methods. Findings indicated rules affect individual survivors' and families' experiences and responses in services and of healing from IPV (micro), the relationships among residents and between residents and staff (mezzo), and participants' relationships with the agency as an institution and the help-seeking community (macro). An intriguing paradox is noted in that at their best, rules provide stability and motivation for some survivors. At their worst, rules create isolation and force exit from shelter into unsafe circumstances, causing a ripple effect of impact. Implications include the need to restructure rules and policies collaboratively with residents, and reduce the amount of rules used in services. Addressing rules will better enable IPV services to be survivor-centered and trauma-informed, ultimately increasing safety and healing.

  3. 32 CFR 269.3 - Civil monetary penalty inflation adjustment.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 32 National Defense 2 2010-07-01 2010-07-01 false Civil monetary penalty inflation adjustment. 269.3 Section 269.3 National Defense Department of Defense (Continued) OFFICE OF THE SECRETARY OF DEFENSE (CONTINUED) MISCELLANEOUS CIVIL MONETARY PENALTY INFLATION ADJUSTMENT § 269.3 Civil monetary...

  4. Analysis of pediatric lung donor allocation policy: a call for change?

    PubMed

    Gajarski, Robert; Bowman, Diana M

    2015-04-01

    In an unprecedented legal ruling in June 2013, a US federal district court judge decided that the existing policy for donor lung allocation be vacated to save the life of a ten-year-old girl dying from cystic fibrosis. This case has fueled much controversy in the United States among policy makers, ethicists, and physicians who treat other patients awaiting transplant. This article examines the creation of the current US lung allocation policy and its impact on outcomes and analyzes the multidimensionality of the ruling. After analyzing the current policy and investigating alternatives for donor pool expansion, the article concludes by articulating options that may mitigate the need for current policy revision. Copyright © 2015 by Duke University Press.

  5. Governator vs. Hunter and Aggregator: A simulation of party competition with vote-seeking and office-seeking rules.

    PubMed

    Lehrer, Roni; Schumacher, Gijs

    2018-01-01

    The policy positions parties choose are central to both attracting voters and forming coalition governments. How then should parties choose positions to best represent voters? Laver and Sergenti show that in an agent-based model with boundedly rational actors a decision rule (Aggregator) that takes the mean policy position of its supporters is the best rule to achieve high congruence between voter preferences and party positions. But this result only pertains to representation by the legislature, not representation by the government. To evaluate this we add a coalition formation procedure with boundedly rational parties to the Laver and Sergenti model of party competition. We also add two new decision rules that are sensitive to government formation outcomes rather than voter positions. We develop two simulations: a single-rule one in which parties with the same rule compete and an evolutionary simulation in which parties with different rules compete. In these simulations we analyze party behavior under a large number of different parameters that describe real-world variance in political parties' motives and party system characteristics. Our most important conclusion is that Aggregators also produce the best match between government policy and voter preferences. Moreover, even though citizens often frown upon politicians' interest in the prestige and rents that come with winning political office (office pay-offs), we find that citizens actually receive better representation by the government if politicians are motivated by these office pay-offs in contrast to politicians with ideological motivations (policy pay-offs). Finally, we show that while more parties are linked to better political representation, how parties choose policy positions affects political representation as well. Overall, we conclude that to understand variation in the quality of political representation scholars should look beyond electoral systems and take into account variation in party behavior as well.

  6. Governator vs. Hunter and Aggregator: A simulation of party competition with vote-seeking and office-seeking rules

    PubMed Central

    2018-01-01

    The policy positions parties choose are central to both attracting voters and forming coalition governments. How then should parties choose positions to best represent voters? Laver and Sergenti show that in an agent-based model with boundedly rational actors a decision rule (Aggregator) that takes the mean policy position of its supporters is the best rule to achieve high congruence between voter preferences and party positions. But this result only pertains to representation by the legislature, not representation by the government. To evaluate this we add a coalition formation procedure with boundedly rational parties to the Laver and Sergenti model of party competition. We also add two new decision rules that are sensitive to government formation outcomes rather than voter positions. We develop two simulations: a single-rule one in which parties with the same rule compete and an evolutionary simulation in which parties with different rules compete. In these simulations we analyze party behavior under a large number of different parameters that describe real-world variance in political parties’ motives and party system characteristics. Our most important conclusion is that Aggregators also produce the best match between government policy and voter preferences. Moreover, even though citizens often frown upon politicians’ interest in the prestige and rents that come with winning political office (office pay-offs), we find that citizens actually receive better representation by the government if politicians are motivated by these office pay-offs in contrast to politicians with ideological motivations (policy pay-offs). Finally, we show that while more parties are linked to better political representation, how parties choose policy positions affects political representation as well. Overall, we conclude that to understand variation in the quality of political representation scholars should look beyond electoral systems and take into account variation in party behavior as well. PMID:29394268

  7. Mozambique's Debt and the International Monetary Fund's Influence on Poverty, Education, and Health.

    PubMed

    Beste, Jason; Pfeiffer, James

    2016-01-01

    For nearly 30 years, Mozambique has been facing austerity measures regulated by the IMF. These austerity measures, grounded in macroeconomic policies, were supposed to lift Mozambique out of poverty, and improve its healthcare and education systems. By taking an in-depth look at the major etiologies of Mozambique's debt and the conditions which forced the country to accept austerity measures-despite their protests-prior to receiving IMF funding, this paper examines how IMF policies over the past 30 years have affected poverty, health, and the education system. The results of these policies have contributed to Mozambique's enduring classification as one of the poorest countries in the world. Aside from economic outcomes, Mozambique also has abysmal health and education systems, with one of the lowest life expectancies in Sub-Saharan Africa. It is time to re-evaluate how the current IMF macroeconomic policies negatively affect, health, education and the socioeconomic status of those who live in abject poverty. As short term macroeconomic policies of PARPA have been ineffective at reducing poverty, promoting education and improving health, the IMF should consider using longer term macroeconomic policies which invest in-rather than limit-public services such as health and education. © The Author(s) 2016.

  8. 46 CFR 506.3 - Civil monetary penalty inflation adjustment.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 46 Shipping 9 2010-10-01 2010-10-01 false Civil monetary penalty inflation adjustment. 506.3... PENALTY INFLATION ADJUSTMENT § 506.3 Civil monetary penalty inflation adjustment. The Commission shall... each civil monetary penalty provided by law within the jurisdiction of the Commission by the inflation...

  9. 16 CFR 0.5 - Laws authorizing monetary claims.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... 16 Commercial Practices 1 2011-01-01 2011-01-01 false Laws authorizing monetary claims. 0.5... ORGANIZATION § 0.5 Laws authorizing monetary claims. The Commission is authorized to entertain monetary claims..., unless the adjudicative officer finds that the party has committed a willful violation of law or...

  10. 16 CFR 0.5 - Laws authorizing monetary claims.

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ... 16 Commercial Practices 1 2012-01-01 2012-01-01 false Laws authorizing monetary claims. 0.5... ORGANIZATION § 0.5 Laws authorizing monetary claims. The Commission is authorized to entertain monetary claims..., unless the adjudicative officer finds that the party has committed a willful violation of law or...

  11. 32 CFR 269.4 - Cost of living adjustments of civil monetary penalties.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 32 National Defense 2 2010-07-01 2010-07-01 false Cost of living adjustments of civil monetary... DEFENSE (CONTINUED) MISCELLANEOUS CIVIL MONETARY PENALTY INFLATION ADJUSTMENT § 269.4 Cost of living.... Maximum civil monetary penalties within the jurisdiction of the Department of Defense are adjusted for...

  12. Measure in the ESRD QIP for PY 2020. Final rule.

    PubMed

    2017-08-04

    This final rule updates the payment rates used under the prospective payment system (PPS) for skilled nursing facilities (SNFs) for fiscal year (FY) 2018. It also revises and rebases the market basket index by updating the base year from 2010 to 2014, and by adding a new cost category for Installation, Maintenance, and Repair Services. The rule also finalizes revisions to the SNF Quality Reporting Program (QRP), including measure and standardized resident assessment data policies and policies related to public display. In addition, it finalizes policies for the Skilled Nursing Facility Value-Based Purchasing Program that will affect Medicare payment to SNFs beginning in FY 2019. The final rule also clarifies the regulatory requirements for team composition for surveys conducted for investigating a complaint and aligns regulatory provisions for investigation of complaints with the statutory requirements. The final rule also finalizes the performance period for the National Healthcare Safety Network (NHSN) Healthcare Personnel (HCP) Influenza Vaccination Reporting Measure included in the End-Stage Renal Disease (ESRD) Quality Incentive Program (QIP) for Payment Year 2020.

  13. 78 FR 64153 - Policy Statement on the Principles for Development and Distribution of Annual Stress Test Scenarios

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-28

    .... OCC-2012-0016] Policy Statement on the Principles for Development and Distribution of Annual Stress... in developing and distributing the stress test scenarios for the annual stress test required by the... by the Annual Stress Test final rule (Stress Test Rule) published on October 9, 2012. Under the...

  14. 43 CFR 17.303 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... (Title III of Pub. L. 94-135). (b) Action means any act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard, or method of administration. (c) Age means how old a... particular age or range of ages (for example, “children,” “adult,” “older persons,” but not “student”). (f...

  15. 77 FR 70400 - Reform of Rules and Policies on Foreign Carrier Entry Into the U.S. Telecommunications Market

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-26

    ... of Rules and Policies on Foreign Carrier Entry Into the U.S. Telecommunications Market AGENCY... telecommunications services and facilities under section 214 of Communications Act of 1934, as amended (the ``Act... affiliates of foreign carriers for entry into the U.S. market for international telecommunications services...

  16. Educators' Responsibilities for Student Records. A Model Policy and Rules (Revised).

    ERIC Educational Resources Information Center

    Bartlett, Larry D.; And Others

    To assist Iowa school boards and administrators in handling student records, this revision of a 1976 publication presents model policies and rules for compliance with the federal Family Educational Rights and Privacy Act of 1974 and the Education for All Handicapped Children Act. Included in this guide are a model statement of school board policy…

  17. 76 FR 23637 - Self-Regulatory Organizations; NYSE Amex LLC; Order Approving a Proposed Rule Change Amending...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-27

    ... Equities To Modify the Application of the Exchange's Designated Market Maker Allocation Policy in the Event... Maker (``DMM'') allocation policy in the event of a merger involving one or more listed companies. The... Equities Rule 103B provides that when two NYSE Amex listed companies merge, the post- merger listed company...

  18. How Financial Innovation Has Made Textbook Monetary Theory Obsolete.

    ERIC Educational Resources Information Center

    Gilbody, John

    1988-01-01

    Argues that much of the monetary theory in economics textbooks has not changed in accordance with the facts of monetary history. Contends that by neglecting institutional changes in the monetary system in the 50 years since the publication of Keynes' General Theory, many textbooks are now in danger of seriously misleading their readers. (GEA)

  19. 22 CFR 123.23 - Monetary value of shipments.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Monetary value of shipments. 123.23 Section 123... EXPORT OF DEFENSE ARTICLES § 123.23 Monetary value of shipments. Port Directors of U.S. Customs and... value of the export does not exceed the aggregate monetary value (not quantity) stated on the license by...

  20. BOLD responses in reward regions to hypothetical and imaginary monetary rewards

    PubMed Central

    Miyapuram, Krishna P.; Tobler, Philippe N.; Gregorios-Pippas, Lucy; Schultz, Wolfram

    2015-01-01

    Monetary rewards are uniquely human. Because money is easy to quantify and present visually, it is the reward of choice for most fMRI studies, even though it cannot be handed over to participants inside the scanner. A typical fMRI study requires hundreds of trials and thus small amounts of monetary rewards per trial (e.g. 5p) if all trials are to be treated equally. However, small payoffs can have detrimental effects on performance due to their limited buying power. Hypothetical monetary rewards can overcome the limitations of smaller monetary rewards but it is less well known whether predictors of hypothetical rewards activate reward regions. In two experiments, visual stimuli were associated with hypothetical monetary rewards. In Experiment 1, we used stimuli predicting either visually presented or imagined hypothetical monetary rewards, together with non-rewarding control pictures. Activations to reward predictive stimuli occurred in reward regions, namely the medial orbitofrontal cortex and midbrain. In Experiment 2, we parametrically varied the amount of visually presented hypothetical monetary reward keeping constant the amount of actually received reward. Graded activation in midbrain was observed to stimuli predicting increasing hypothetical rewards. The results demonstrate the efficacy of using hypothetical monetary rewards in fMRI studies. PMID:21985912

  1. BOLD responses in reward regions to hypothetical and imaginary monetary rewards.

    PubMed

    Miyapuram, Krishna P; Tobler, Philippe N; Gregorios-Pippas, Lucy; Schultz, Wolfram

    2012-01-16

    Monetary rewards are uniquely human. Because money is easy to quantify and present visually, it is the reward of choice for most fMRI studies, even though it cannot be handed over to participants inside the scanner. A typical fMRI study requires hundreds of trials and thus small amounts of monetary rewards per trial (e.g. 5p) if all trials are to be treated equally. However, small payoffs can have detrimental effects on performance due to their limited buying power. Hypothetical monetary rewards can overcome the limitations of smaller monetary rewards but it is less well known whether predictors of hypothetical rewards activate reward regions. In two experiments, visual stimuli were associated with hypothetical monetary rewards. In Experiment 1, we used stimuli predicting either visually presented or imagined hypothetical monetary rewards, together with non-rewarding control pictures. Activations to reward predictive stimuli occurred in reward regions, namely the medial orbitofrontal cortex and midbrain. In Experiment 2, we parametrically varied the amount of visually presented hypothetical monetary reward keeping constant the amount of actually received reward. Graded activation in midbrain was observed to stimuli predicting increasing hypothetical rewards. The results demonstrate the efficacy of using hypothetical monetary rewards in fMRI studies. Copyright © 2011 Elsevier Inc. All rights reserved.

  2. 78 FR 74229 - Medicare Program; Revisions to Payment Policies Under the Physician Fee Schedule, Clinical...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-10

    ...This major final rule with comment period addresses changes to the physician fee schedule, clinical laboratory fee schedule, and other Medicare Part B payment policies to ensure that our payment systems are updated to reflect changes in medical practice and the relative value of services. This final rule with comment period also includes a discussion in the Supplementary Information regarding various programs. (See the Table of Contents for a listing of the specific issues addressed in the final rule with comment period.)

  3. Attitudes and experiences with secondhand smoke and smoke-free policies among subsidised and market-rate multiunit housing residents living in six diverse communities in the USA.

    PubMed

    Gentzke, Andrea S; Hyland, Andrew; Kiviniemi, Marc; Travers, Mark J

    2018-03-01

    Given that higher smoking rates persist among lower socioeconomic populations, multiunit housing (MUH) environments may result in higher secondhand smoke (SHS) exposures among subsidised MUH residents. This cross-sectional assessment compares experiences with SHS and smoke-free policies among subsidised and market-rate MUH residents living in six US communities. MUH residents (n=1565) were surveyed regarding their smoke-free rules (home and building), SHS exposures and preferences towards smoke-free policies. Binary logistic regression identified predictors of each outcome, focusing on differences by subsidised housing status (subsidised vs market rate). Among residents enforcing smoke-free home rules (76%, overall), 50% reported SHS incursions into their unit. Only 23% reported living in a smoke-free building; 56% of those living in smoking-allowable buildings reported preferences towards smoke-free building policies. Among market-rate housing residents, smoke-free home (OR=4.18) and building (OR=2.26) rules were significantly higher when children were present. Smoke-free building rules reduced the odds of SHS incursions among market-rate housing residents (OR=0.50), but no association was observed among subsidised housing residents. Non-smoking subsidised housing residents exhibited stronger preferences for smoke-free policies compared with those in market-rate housing. Smoke-free home rules may not protect MUH residents from SHS exposures, particularly in subsidised MUH. Although strong preferences towards smoke-free policies were present overall, subsidised MUH residents may have fewer alternative smoke-free housing options available. Therefore, all publicly funded housing should be smoke free to protect these vulnerable populations. However, continued efforts to encourage privately owned MUH operators to adopt smoke-free policies are also necessary. © Article author(s) (or their employer(s) unless otherwise stated in the text of the article) 2018. All rights reserved. No commercial use is permitted unless otherwise expressly granted.

  4. 76 FR 19171 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-06

    ... instant rule filing proposes to add an explanatory ``Interpretation and Policy'' to Rule 11.11(d) to... DirectEdge, the use of the Replace Message to adjust Tag 111 under the instant rule filing is proposed to... specification. The instant rule change also proposes to modify the language of NSX Rule 11.14 (Priority of...

  5. Oil shocks in New Keynesian models: Positive and normative implications

    NASA Astrophysics Data System (ADS)

    Chang, Jian

    Chapter 1 investigates optimal monetary policy response towards oil shocks in a New Keynesian model. We find that optimal policy, in general, becomes contractionary in response to an adverse oil shock. However, the optimal policy rule and the inflation-output trade-off depend on the specific structure of the model. The benchmark economy consists of a flexible-price energy sector and a sticky-price manufacturing sector where energy is used as an intermediate input. We show that optimal policy is to stabilize the sticky (core) price level. We then show that after incorporating a less oil-dependent sticky-price service sector, the model exhibits a trade-off in stabilizing prices and output gaps in the different sticky-price sectors. It predicts that central bank should not try to stabilize the core price level, and the economy will experience higher inflation and rising output gaps, even if central banks respond optimally. Chapter 2 addresses the observed volatility and persistence of real exchange rates and the terms of trade. It contributes to the literature with a quantitative study on the U.S. and Canada. A two-country New Keynesian model consisting of traded, non-traded, and oil production sectors is proposed to examine the time series properties of the real exchange rate, the terms of trade and the real oil price. We find that after incorporating several realistic features (namely oil price shocks, sector specific labor, non-traded goods, asymmetric pricing decisions of exporters and asymmetric consumer preferences over tradables), the benchmark model broadly matches the volatilities of the relative prices and some business cycle correlations. The model matches the data more closely after adding real demand shocks, suggesting their importance in explaining the relative price movements between the US and Canada. Chapter 3 explores several sources and transmission channels of international relative price movements. In particular, we elaborate on the role of imperfect labor mobility, pricing decisions of exporting firms, oil price shocks and asymmetric consumer preferences over tradables. Our results suggest that: Incorporating both producer currency pricing and local currency pricing assumptions produces more reasonable relative price movements. A model with imperfect labor mobility generates larger relative price volatility. Oil price shocks only contribute to terms of trade variability when oil is modeled as part of the traded basket. And asymmetric consumer preferences contribute to the volatility of the real exchange rate.

  6. International financial institutions and health in Egypt and Tunisia: change or continuity?

    PubMed

    Ismail, Sharif

    2013-01-01

    The revolutions in Egypt and Tunisia appeared to herald a re-casting of International Monetary Fund and World Bank policy across the region. Public pronouncements by the heads of both institutions in the months following February 2011 acknowledged flaws in their approach to macroeconomic advice, against a background of worsening socioeconomic indicators, widespread youth unemployment, and widening health inequalities. Evidence on the ground, however, suggests continuity rather than change in international financial institution policies in Egypt and Tunisia, notwithstanding the emergence of a powerful new player-the European Bank for Reconstruction and Development. In the long term, new electoral realities and hardening public opposition in both countries seem likely to force a fundamentally different relationship between regional governments and the major international financial institutions than existed before 2011.

  7. 20 CFR 669.160 - How do we consult with NFJP organizations in developing rules, regulations and standards of...

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false How do we consult with NFJP organizations in developing rules, regulations and standards of accountability, and other policy guidance for the NFJP? 669... accountability, and other policy guidance for the NFJP? (a) We consider the NFJP grantee community as a full...

  8. 29 CFR 35.3 - What definitions apply to these regulations?

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... amended (42 U.S.C. 6101 et seq.). Action means any act, activity, policy, rule, standard, or method of administration, or the use of any policy, rule, standard, or method of administration. Age means how old a person... age or range of ages (e.g., “child,” “adults,” “older persons,” but not “student”). Applicant for...

  9. 18 CFR 385.1901 - Interpretations and interpretative rules under the NGPA (Rule 1901).

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY PROCEDURAL RULES RULES OF PRACTICE AND... transactions. (4) NGPA means the Natural Gas Policy Act of 1978. (5) Request means a request for an... interpretations must be addressed to the Office of the General Counsel as follows: Federal Energy Regulatory...

  10. 18 CFR 385.1901 - Interpretations and interpretative rules under the NGPA (Rule 1901).

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY PROCEDURAL RULES RULES OF PRACTICE AND... transactions. (4) NGPA means the Natural Gas Policy Act of 1978. (5) Request means a request for an... interpretations must be addressed to the Office of the General Counsel as follows: Federal Energy Regulatory...

  11. 18 CFR 385.1901 - Interpretations and interpretative rules under the NGPA (Rule 1901).

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY PROCEDURAL RULES RULES OF PRACTICE AND... transactions. (4) NGPA means the Natural Gas Policy Act of 1978. (5) Request means a request for an... interpretations must be addressed to the Office of the General Counsel as follows: Federal Energy Regulatory...

  12. 18 CFR 385.1901 - Interpretations and interpretative rules under the NGPA (Rule 1901).

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY PROCEDURAL RULES RULES OF PRACTICE AND... transactions. (4) NGPA means the Natural Gas Policy Act of 1978. (5) Request means a request for an... interpretations must be addressed to the Office of the General Counsel as follows: Federal Energy Regulatory...

  13. 42 CFR 405.1063 - Applicability of laws, regulations and CMS Rulings.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 2 2010-10-01 2010-10-01 false Applicability of laws, regulations and CMS Rulings... Medicare Coverage Policies § 405.1063 Applicability of laws, regulations and CMS Rulings. (a) All laws and... the MAC. (b) CMS Rulings are published under the authority of the Administrator, CMS. Consistent with...

  14. Conflict of Interest Policies for Organizations Producing a Large Number of Clinical Practice Guidelines

    PubMed Central

    Norris, Susan L.; Holmer, Haley K.; Burda, Brittany U.; Ogden, Lauren A.; Fu, Rongwei

    2012-01-01

    Background Conflict of interest (COI) of clinical practice guideline (CPG) sponsors and authors is an important potential source of bias in CPG development. The objectives of this study were to describe the COI policies for organizations currently producing a significant number of CPGs, and to determine if these policies meet 2011 Institute of Medicine (IOM) standards. Methodology/Principal Findings We identified organizations with five or more guidelines listed in the National Guideline Clearinghouse between January 1, 2009 and November 5, 2010. We obtained the COI policy for each organization from publicly accessible sources, most often the organization's website, and compared those polices to IOM standards related to COI. 37 organizations fulfilled our inclusion criteria, of which 17 (46%) had a COI policy directly related to CPGs. These COI policies varied widely with respect to types of COI addressed, from whom disclosures were collected, monetary thresholds for disclosure, approaches to management, and updating requirements. Not one organization's policy adhered to all seven of the IOM standards that were examined, and nine organizations did not meet a single one of the standards. Conclusions/Significance COI policies among organizations producing a large number of CPGs currently do not measure up to IOM standards related to COI disclosure and management. CPG developers need to make significant improvements in these policies and their implementation in order to optimize the quality and credibility of their guidelines. PMID:22629391

  15. 78 FR 33633 - Human Exposure to Radiofrequency Electromagnetic Fields

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-04

    ..., and 15, et al. Human Exposure to Radiofrequency Electromagnetic Fields; Reassessment of Exposure to Radiofrequency Electromagnetic Fields Limits and Policies; Final Rule and Proposed Rule #0;#0;Federal Register... Radiofrequency Electromagnetic Fields AGENCY: Federal Communications Commission. ACTION: Final rule. SUMMARY...

  16. Major depressive disorder is characterized by greater reward network activation to monetary than pleasant image rewards

    PubMed Central

    Smoski, Moria J.; Rittenberg, Alison; Dichter, Gabriel S.

    2011-01-01

    Anhedonia, the loss of interest or pleasure in normally rewarding activities, is a hallmark feature of unipolar Major Depressive Disorder (MDD). A growing body of literature has identified frontostriatal dysfunction during reward anticipation and outcomes in MDD. However, no study to date has directly compared responses to different types of rewards such as pleasant images and monetary rewards in MDD. To investigate the neural responses to monetary and pleasant image rewards in MDD, a modified Monetary Incentive Delay task was used during fMRI scanning to assess neural responses during anticipation and receipt of monetary and pleasant image rewards. Participants included nine adults with MDD and thirteen affectively healthy controls. The MDD group showed lower activation than controls when anticipating monetary rewards in right orbitofrontal cortex and subcallosal cortex, and when anticipating pleasant image rewards in paracingulate and supplementary motor cortex. The MDD group had relatively greater activation in right putamen when anticipating monetary versus pleasant image rewards, relative to the control group. Results suggest reduced reward network activation in MDD when anticipating rewards, as well as relatively greater hypoactivation to pleasant image than monetary rewards. PMID:22079658

  17. Real and hypothetical monetary rewards modulate risk taking in the brain.

    PubMed

    Xu, Sihua; Pan, Yu; Wang, You; Spaeth, Andrea M; Qu, Zhe; Rao, Hengyi

    2016-07-07

    Both real and hypothetical monetary rewards are widely used as reinforcers in risk taking and decision making studies. However, whether real and hypothetical monetary rewards modulate risk taking and decision making in the same manner remains controversial. In this study, we used event-related potentials (ERP) with a balloon analogue risk task (BART) paradigm to examine the effects of real and hypothetical monetary rewards on risk taking in the brain. Behavioral data showed reduced risk taking after negative feedback (money loss) during the BART with real rewards compared to those with hypothetical rewards, suggesting increased loss aversion with real monetary rewards. The ERP data demonstrated a larger feedback-related negativity (FRN) in response to money loss during risk taking with real rewards compared to those with hypothetical rewards, which may reflect greater prediction error or regret emotion after real monetary losses. These findings demonstrate differential effects of real versus hypothetical monetary rewards on risk taking behavior and brain activity, suggesting a caution when drawing conclusions about real choices from hypothetical studies of intended behavior, especially when large rewards are used. The results have implications for future utility of real and hypothetical monetary rewards in studies of risk taking and decision making.

  18. Major depressive disorder is characterized by greater reward network activation to monetary than pleasant image rewards.

    PubMed

    Smoski, Moria J; Rittenberg, Alison; Dichter, Gabriel S

    2011-12-30

    Anhedonia, the loss of interest or pleasure in normally rewarding activities, is a hallmark feature of unipolar Major Depressive Disorder (MDD). A growing body of literature has identified frontostriatal dysfunction during reward anticipation and outcomes in MDD. However, no study to date has directly compared responses to different types of rewards such as pleasant images and monetary rewards in MDD. To investigate the neural responses to monetary and pleasant image rewards in MDD, a modified Monetary Incentive Delay task was used during functional magnetic resonance imaging to assess neural responses during anticipation and receipt of monetary and pleasant image rewards. Participants included nine adults with MDD and 13 affectively healthy controls. The MDD group showed lower activation than controls when anticipating monetary rewards in right orbitofrontal cortex and subcallosal cortex, and when anticipating pleasant image rewards in paracingulate and supplementary motor cortex. The MDD group had relatively greater activation in right putamen when anticipating monetary versus pleasant image rewards, relative to the control group. Results suggest reduced reward network activation in MDD when anticipating rewards, as well as relatively greater hypoactivation to pleasant image than monetary rewards. 2011 Elsevier Ireland Ltd. All rights reserved.

  19. A comparison of the electrocortical response to monetary and social reward

    PubMed Central

    Distefano, Amanda; Jackson, Felicia; Levinson, Amanda R; Infantolino, Zachary P; Jarcho, Johanna M; Nelson, Brady D

    2018-01-01

    Abstract Affective science research on reward processing has primarily focused on monetary rewards. There has been a growing interest in evaluating the neural basis of social decision-making and reward processing. The present study employed a within-subject design and compared the reward positivity (RewP), an event-related potential component that is present following favorable feedback and absent or reduced following unfavorable feedback, during monetary and social reward tasks. Specifically, 114 participants (75 females) completed a monetary reward task and a novel social reward task that were matched on trial structure, timing, and feedback stimuli in a counterbalanced order. Results indicated that the monetary and social RewP were of similar magnitude, positively correlated and demonstrated comparable psychometric properties, including reliability and dependability. Across both the monetary and social tasks, women demonstrated a greater RewP compared with men. This study provides a novel methodological approach toward examining the electrocortical response to social reward that is comparable to monetary reward. PMID:29373743

  20. Natural-Language Parser for PBEM

    NASA Technical Reports Server (NTRS)

    James, Mark

    2010-01-01

    A computer program called "Hunter" accepts, as input, a colloquial-English description of a set of policy-based-management rules, and parses that description into a form useable by policy-based enterprise management (PBEM) software. PBEM is a rules-based approach suitable for automating some management tasks. PBEM simplifies the management of a given enterprise through establishment of policies addressing situations that are likely to occur. Hunter was developed to have a unique capability to extract the intended meaning instead of focusing on parsing the exact ways in which individual words are used.

  1. 77 FR 24452 - Foreign Ownership Policies

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-04-24

    ... Ownership Policies AGENCY: Federal Communications Commission. ACTION: Proposed rule. SUMMARY: In this... policies and procedures that apply to foreign ownership of common carrier radio station licensees pursuant..., www.bcpiweb.com ; telephone: (800) 378-3160, fax: (202) 488-5563; (2) James Ball, Chief, Policy...

  2. International financial institutions and human rights: implications for public health.

    PubMed

    Stubbs, Thomas; Kentikelenis, Alexander

    2017-01-01

    Serving as lender of last resort to countries experiencing unsustainable levels of public debt, international financial institutions have attracted intense controversy over the past decades, exemplified most recently by the popular discontent expressed in Eurozone countries following several rounds of austerity measures. In exchange for access to financial assistance, borrowing countries must settle on a list of often painful policy reforms that are aimed at balancing the budget. This practice has afforded international financial institutions substantial policy influence on governments throughout the world and in a wide array of policy areas of direct bearing on human rights. This article reviews the consequences of policy reforms mandated by international financial institutions on the enjoyment of human rights, focusing on the International Monetary Fund and World Bank. It finds that these reforms undermine the enjoyment of health rights, labour rights, and civil and political rights, all of which have deleterious implications for public health. The evidence suggests that for human rights commitments to be met, a fundamental reorientation of international financial institutions' activities will be necessary.

  3. Neoliberalism as a class ideology; or, the political causes of the growth of inequalities.

    PubMed

    Navarro, Vicente

    2007-01-01

    Neoliberalism is the dominant ideology permeating the public policies of many governments in developed and developing countries and of international agencies such as the World Bank, International Monetary Fund, World Trade Organization, and many technical agencies of the United Nations, including the World Health Organization. This ideology postulates that the reduction of state interventions in economic and social activities and the deregulation of labor and financial markets, as well as of commerce and investments, have liberated the enormous potential of capitalism to create an unprecedented era of social well-being in the world's population. This article questions each of the theses that support such ideology, presenting empirical information that challenges them. The author also describes how the application of these neoliberal policies has been responsible for a substantial growth of social inequalities within the countries where such policies have been applied, as well as among countries. The major beneficiaries of these policies are the dominant classes of both the developed and the developing countries, which have established worldwide class alliances that are primarily responsible for the promotion of neoliberalism.

  4. 5 CFR 293.108 - Rules of conduct.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE REGULATIONS PERSONNEL RECORDS Basic Policies on Maintenance of Personnel Records § 293.108 Rules of conduct. (a) Scope. These rules of conduct apply to all Office and agency employees responsible for creation, development, maintenance, processing...

  5. 78 FR 11988 - Open Video Systems

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-21

    ... FEDERAL COMMUNICATIONS COMMISSION 47 CFR Part 76 [CS Docket No. 96-46, FCC 96-334] Open Video Systems AGENCY: Federal Communications Commission. ACTION: Final rule; announcement of effective date... 43160, August 21, 1996. The final rules modified rules and policies concerning Open Video Systems. DATES...

  6. 18 CFR 1309.1 - What are the defined terms in this part and what do they mean?

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... of Pub. L. 94-135). (b) Action means any act, activity, policy, rule, standard, or method of administration; or the use of any policy, rule, standard, or method of administration. (c) Age means how old a... implies a particular age or range of ages (for example, “children,” “adult,” “older persons,” but not...

  7. 32 CFR 775.3 - Policy.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... 32 National Defense 5 2012-07-01 2012-07-01 false Policy. 775.3 Section 775.3 National Defense Department of Defense (Continued) DEPARTMENT OF THE NAVY MISCELLANEOUS RULES PROCEDURES FOR IMPLEMENTING THE NATIONAL ENVIRONMENTAL POLICY ACT § 775.3 Policy. (a) It is the DON policy regarding NEPA, consistent with...

  8. Intergenerational aspects of government policy under changing demographic and economic conditions.

    PubMed

    Boskin, M J

    1987-07-01

    Changing demographic and economic conditions in the US require that attention be given to some of the intergenerational equity features of government policy. In particular, social insurance programs and public debt leave public liabilities to future generations. Taken in the aggregate, the effects of rapidly rising public debt and especially social insurance programs are transferring substantial amounts of resources from younger working generations to the expanding generation of retirees. The most crucial element in evaluating the desirability of intergenerational wealth distribution in the long run is the rate of economic growth. A society's monetary, fiscal, tax, and regulatory policies can be more or less conducive to the generation of capital formation, technical change, and economic growth. Policies that influence growth and interest rates will combine with the national deficit to determine how rapidly the debt grows or shrinks. Present accounting procedures are insufficient to provide quantitative answers to the question of what is the impact of a given program on the age-specific distributions of resources. It is important to reconsider the desirability and efficiency of intergenerational redistributions of wealth in the US. It is likely that current policies are not in line with the principles of efficiency, equity, target effectiveness, and cost effectiveness.

  9. Medicare program; revisions to payment policies under the Physician Fee Schedule, Clinical Laboratory Fee Schedule, access to identifiable data for the Center for Medicare and Medicaid Innovation Models & other revisions to Part B for CY 2015. Final rule with comment period.

    PubMed

    2014-11-13

    This major final rule with comment period addresses changes to the physician fee schedule, and other Medicare Part B payment policies to ensure that our payment systems are updated to reflect changes in medical practice and the relative value of services, as well as changes in the statute. See the Table of Contents for a listing of the specific issues addressed in this rule.

  10. 16 CFR 1.98 - Adjustment of civil monetary penalty amounts.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... OF PRACTICE GENERAL PROCEDURES Civil Penalty Adjustments Under the Federal Civil Penalties Inflation... monetary penalty amounts. This section makes inflation adjustments in the dollar amounts of civil monetary...

  11. 48 CFR 601.301 - Policy.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 48 Federal Acquisition Regulations System 4 2011-10-01 2011-10-01 false Policy. 601.301 Section... ACQUISITION REGULATIONS SYSTEM Agency Acquisition Regulations 601.301 Policy. (a) The Assistant Secretary of..., promulgate, and amend DOS acquisition policies, rules, and regulations. (b) The Department of State...

  12. 7 CFR 989.154 - Marketing policy computations.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... 7 Agriculture 8 2010-01-01 2010-01-01 false Marketing policy computations. 989.154 Section 989.154 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing... GROWN IN CALIFORNIA Administrative Rules and Regulations Marketing Policy § 989.154 Marketing policy...

  13. 7 CFR 989.154 - Marketing policy computations.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ... 7 Agriculture 8 2014-01-01 2014-01-01 false Marketing policy computations. 989.154 Section 989.154 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (MARKETING... GROWN IN CALIFORNIA Administrative Rules and Regulations Marketing Policy § 989.154 Marketing policy...

  14. 7 CFR 989.154 - Marketing policy computations.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... 7 Agriculture 8 2011-01-01 2011-01-01 false Marketing policy computations. 989.154 Section 989.154 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing... GROWN IN CALIFORNIA Administrative Rules and Regulations Marketing Policy § 989.154 Marketing policy...

  15. 7 CFR 989.154 - Marketing policy computations.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ... 7 Agriculture 8 2013-01-01 2013-01-01 false Marketing policy computations. 989.154 Section 989.154 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (MARKETING... GROWN IN CALIFORNIA Administrative Rules and Regulations Marketing Policy § 989.154 Marketing policy...

  16. Light-duty vehicle greenhouse gas emission standards and corporate average fuel economy standards : final rule

    DOT National Transportation Integrated Search

    2010-05-07

    Final Rule to establish a National Program consisting of new standards for light-duty vehicles that will reduce greenhouse gas emissions and improve fuel economy. This joint : Final Rule is consistent with the National Fuel Efficiency Policy announce...

  17. Influence of paper color and a monetary incentive on response rate.

    PubMed

    King, Keith A; Vaughan, Jennifer L

    2004-10-01

    This study examined whether survey response rate differed based on the color of the paper the survey was printed on (blue vs green) and presence of a monetary incentive. A 4-page survey on eating disorders was mailed to Division 1A and 1AA college head athletic trainers (N=223) with half of the surveys on blue paper and half on green paper. Half of the athletic trainers (n = 111) received a $1.00 monetary incentive, and half (n = 112) received no monetary incentive. A total of 166 (71%) athletic trainers returned completed surveys. Response rates did not differ based on survey color but did differ based on presence of a monetary incentive. Athletic trainers who received a monetary incentive were significantly more likely than those who did not to return completed surveys (86% vs 63%, respectively).

  18. Fatigue level estimation of monetary bills based on frequency band acoustic signals with feature selection by supervised SOM

    NASA Astrophysics Data System (ADS)

    Teranishi, Masaru; Omatu, Sigeru; Kosaka, Toshihisa

    Fatigued monetary bills adversely affect the daily operation of automated teller machines (ATMs). In order to make the classification of fatigued bills more efficient, the development of an automatic fatigued monetary bill classification method is desirable. We propose a new method by which to estimate the fatigue level of monetary bills from the feature-selected frequency band acoustic energy pattern of banking machines. By using a supervised self-organizing map (SOM), we effectively estimate the fatigue level using only the feature-selected frequency band acoustic energy pattern. Furthermore, the feature-selected frequency band acoustic energy pattern improves the estimation accuracy of the fatigue level of monetary bills by adding frequency domain information to the acoustic energy pattern. The experimental results with real monetary bill samples reveal the effectiveness of the proposed method.

  19. Provider payments and patient charges as policy tools for cost-containment: How successful are they in high-income countries?

    PubMed Central

    Carrin, Guy; Hanvoravongchai, Piya

    2003-01-01

    In this paper, we focus on those policy instruments with monetary incentives that are used to contain public health expenditure in high-income countries. First, a schematic view of the main cost-containment methods and the variables in the health system they intend to influence is presented. Two types of instruments to control the level and growth of public health expenditure are considered: (i) provider payment methods that influence the price and quantity of health care, and (ii) cost-containment measures that influence the behaviour of patients. Belonging to the first type of instruments, we have: fee-for-service, per diem payment, case payment, capitation, salaries and budgets. The second type of instruments consists of patient charges and reference price systems for pharmaceuticals. Secondly, we provide an overview of experience in high-income countries that use or have used these particular instruments. Finally, the paper assesses the overall potential of these instruments in cost-containment policies. PMID:12914661

  20. Achieving the World Health Organization's vision for clinical pharmacology

    PubMed Central

    Henry, David; Gray, Jean; Day, Richard; Bochner, Felix; Ferro, Albert; Pirmohamed, Munir; Mörike, Klaus; Schwab, Matthias

    2015-01-01

    Clinical pharmacology is a medical specialty whose practitioners teach, undertake research, frame policy, give information and advice about the actions and proper uses of medicines in humans and implement that knowledge in clinical practice. It involves a combination of several activities: drug discovery and development, training safe prescribers, providing objective and evidence‐based therapeutic information to ethics, regulatory and pricing bodies, supporting patient care in an increasingly subspecialized arena where co‐morbidities, polypharmacy, altered pharmacokinetics and drug interactions are common and developing and contributing to medicines policies for Governments. Clinical pharmacologists must advocate drug quality and they must also advocate for sustainability of the Discipline. However for this they need appropriate clinical service and training support. This Commentary discusses strategies to ensure the Discipline is supported by teaching, training and policy organizations, to communicate the full benefits of clinical pharmacology services, put a monetary value on clinical pharmacology services and to grow the clinical pharmacology workforce to support a growing clinical, academic and regulatory need. PMID:26466826

  1. A review of the impacts of tobacco industry privatisation: Implications for policy

    PubMed Central

    Gilmore, Anna B.; Fooks, Gary; McKee, Martin

    2011-01-01

    State owned tobacco monopolies, which still account for 40% of global cigarette production, face continued pressure from, among others, the International Monetary Fund (IMF), to be privatised. This review of available literature on tobacco industry privatisation suggests that any economic benefits of privatisation may be lower than supposed because private owners avoid competitive tenders (thus underpaying for assets), negotiate lengthy tax holidays and are complicit in the smuggling of cigarettes to avoid import and excise duties. It outlines how privatisation leads to increased marketing, more effective distribution and lower prices, creating additional demand for cigarettes among new and existing smokers, leading to increased cigarette consumption, higher smoking prevalence and lower age of smoking initiation. Privatisation also weakens tobacco control because private owners, in their drive for profits, lobby aggressively against effective policies and ignore or overturn existing policies. This evidence suggests that further tobacco industry privatisation is likely to increase smoking and that instead of transferring assets from state to private ownership, alternative models of supply should be explored. PMID:21790502

  2. A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards

    DOE Office of Scientific and Technical Information (OSTI.GOV)

    Mai, Trieu; Wiser, Ryan; Barbose, Galen

    This is the third in a series of reports exploring the costs, benefits, and other impacts of state renewable portfolio standards (RPS). This report evaluates the effects of renewable electricity used to meet aggregate RPS demand growth prospectively, over the period 2015-2050, under both current RPS policies as well as a potential expansion of those policies. Relying on a well-vetted suite of methods, the report quantifies: the costs to the electric system and retail electricity price impacts; the potential societal benefits associated with reduced greenhouse gas emissions, air pollution emissions, and water use; workforce requirements and economic development effects; andmore » consumer savings associated with reduced natural gas prices. The study quantifies these effects in both physical and monetary terms, where possible, at both national and regional levels, and characterizes key uncertainties. The two prior studies in the series have focused, instead, on the historical costs and on the historical benefits and impacts of state RPS policies.« less

  3. Rule Changes Passed at the NCAA Convention.

    ERIC Educational Resources Information Center

    Chronicle of Higher Education, 1987

    1987-01-01

    Recent changes in National Collegiate Athletic Association rules concerning academics, recruiting, amateurism, membership and classification, championships, playing and practice seasons, general policies, and eligibility are summarized. (MSE)

  4. Neural markers of social and monetary rewards in children with Attention-Deficit/Hyperactivity Disorder and Autism Spectrum Disorder.

    PubMed

    Gonzalez-Gadea, Maria Luz; Sigman, Mariano; Rattazzi, Alexia; Lavin, Claudio; Rivera-Rei, Alvaro; Marino, Julian; Manes, Facundo; Ibanez, Agustin

    2016-07-28

    Recent theories of decision making propose a shared value-related brain mechanism for encoding monetary and social rewards. We tested this model in children with Attention-Deficit/Hyperactivity Disorder (ADHD), children with Autism Spectrum Disorder (ASD) and control children. We monitored participants' brain dynamics using high density-electroencephalography while they played a monetary and social reward tasks. Control children exhibited a feedback Error-Related Negativity (fERN) modulation and Anterior Cingulate Cortex (ACC) source activation during both tasks. Remarkably, although cooperation resulted in greater losses for the participants, the betrayal options generated greater fERN responses. ADHD subjects exhibited an absence of fERN modulation and reduced ACC activation during both tasks. ASD subjects exhibited normal fERN modulation during monetary choices and inverted fERN/ACC responses in social options than did controls. These results suggest that in neurotypicals, monetary losses and observed disloyal social decisions induced similar activity in the brain value system. In ADHD children, difficulties in reward processing affected early brain signatures of monetary and social decisions. Conversely, ASD children showed intact neural markers of value-related monetary mechanisms, but no brain modulation by prosociality in the social task. These results offer insight into the typical and atypical developments of neural correlates of monetary and social reward processing.

  5. Endogenous cortisol levels are associated with an imbalanced striatal sensitivity to monetary versus non-monetary cues in pathological gamblers

    PubMed Central

    Li, Yansong; Sescousse, Guillaume; Dreher, Jean-Claude

    2014-01-01

    Pathological gambling is a behavioral addiction characterized by a chronic failure to resist the urge to gamble. It shares many similarities with drug addiction. Glucocorticoid hormones including cortisol are thought to play a key role in the vulnerability to addictive behaviors, by acting on the mesolimbic reward pathway. Based on our previous report of an imbalanced sensitivity to monetary versus non-monetary incentives in the ventral striatum of pathological gamblers (PGs), we investigated whether this imbalance was mediated by individual differences in endogenous cortisol levels. We used functional magnetic resonance imaging (fMRI) and examined the relationship between cortisol levels and the neural responses to monetary versus non-monetary cues, while PGs and healthy controls were engaged in an incentive delay task manipulating both monetary and erotic rewards. We found a positive correlation between cortisol levels and ventral striatal responses to monetary versus erotic cues in PGs, but not in healthy controls. This indicates that the ventral striatum is a key region where cortisol modulates incentive motivation for gambling versus non-gambling related stimuli in PGs. Our results extend the proposed role of glucocorticoid hormones in drug addiction to behavioral addiction, and help understand the impact of cortisol on reward incentive processing in PGs. PMID:24723862

  6. Advertising energy saving programs: The potential environmental cost of emphasizing monetary savings.

    PubMed

    Schwartz, Daniel; Bruine de Bruin, Wändi; Fischhoff, Baruch; Lave, Lester

    2015-06-01

    Many consumers have monetary or environmental motivations for saving energy. Indeed, saving energy produces both monetary benefits, by reducing energy bills, and environmental benefits, by reducing carbon footprints. We examined how consumers' willingness and reasons to enroll in energy-savings programs are affected by whether advertisements emphasize monetary benefits, environmental benefits, or both. From a normative perspective, having 2 noteworthy kinds of benefit should not decrease a program's attractiveness. In contrast, psychological research suggests that adding external incentives to an intrinsically motivating task may backfire. To date, however, it remains unclear whether this is the case when both extrinsic and intrinsic motivations are inherent to the task, as with energy savings, and whether removing explicit mention of extrinsic motivation will reduce its importance. We found that emphasizing a program's monetary benefits reduced participants' willingness to enroll. In addition, participants' explanations about enrollment revealed less attention to environmental concerns when programs emphasized monetary savings, even when environmental savings were also emphasized. We found equal attention to monetary motivations in all conditions, revealing an asymmetric attention to monetary and environmental motives. These results also provide practical guidance regarding the positioning of energy-saving programs: emphasize intrinsic benefits; the extrinsic ones may speak for themselves. (c) 2015 APA, all rights reserved).

  7. Rules implementing Sections 201 and 210 of the Public Utility Regulatory Policies Act of 1978: a regulatory history

    DOE Office of Scientific and Technical Information (OSTI.GOV)

    Danziger, R.N.; Caples, P.W.; Huning, J.R.

    1980-09-15

    An analysis is made of the rules implementing Sections 201 and 210 of the Public Utility Regulatory Policies Act of 1978 (PURPA). The act provides that utilities must purchase power from qualifying producers of electricity at nondiscriminatory rates, and it exempts private generators from virtually all state and Federal utility regulations. Most of the analysis presented is taken from the perspective of photovoltaics (PV) and solar thermal electric point-focusing distributed receivers (pfdr). It is felt, however, that the analysis is applicable both to cogeneration and other emerging technologies. Chapters presented are: The FERC Response to Oral Comments on the Proposedmore » Rules Implementing Sections 201 and 210 of PURPA; Additional Changes Made or Not Made That Were Addressed in Other Than Oral Testimony; View on the Proposed Rules Implementing Sections 201 and 210 of PURPA; Response to Comments on the Proposed 201 and 210 Rules; and Summary Analysis of the Environmental Assessment of the Rules. Pertinent reference material is provided in the Appendices, including the text of the rules. (MCW)« less

  8. The scorecard on globalization 1980-2000: its consequences for economic and social well-being.

    PubMed

    Weisbrot, Mark; Baker, Dean; Kraev, Egor; Chen, Judy

    2002-01-01

    The era of globalization has brought substantially less progress than was achieved in the preceding 20 years. This study by the Center for Economic and Policy Research concludes that the data provide no evidence that the policies associated with globalization have improved outcomes for developing countries, and its findings challenge economists and policymakers who cite globalization as an engine of growth while pressing for policies that strengthen the trend. The study also served as a backdrop to the release of the United Nations Development Program's Human Development Report on July 11, 2001. Using standard measures of economic growth, health outcomes, education, and literacy, the CEPR study compares the progress achieved during the period preceding globalization, 1960-80, with the period from 1980 to 2000, which was characterized by the reduction of tariff and nontariff barriers to trade, the removal of restrictions on international investment flows, and increasing intervention by the International Monetary Fund and World Bank on a wide range of economic and policy issues. While the evidence presented here does not prove that the policies associated with globalization were responsible for the deterioration in economic performance, it does present a very strong prima facie case that some structural and policy changes implemented during the last two decades are at least partly responsible for these declines.

  9. 16 CFR 16.3 - Policy.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... 16 Commercial Practices 1 2010-01-01 2010-01-01 false Policy. 16.3 Section 16.3 Commercial Practices FEDERAL TRADE COMMISSION ORGANIZATION, PROCEDURES AND RULES OF PRACTICE ADVISORY COMMITTEE MANAGEMENT § 16.3 Policy. (a) The Commission's policy shall be to: (1) Establish an advisory committee only...

  10. 45 CFR 1619.2 - Policy.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 45 Public Welfare 4 2013-10-01 2013-10-01 false Policy. 1619.2 Section 1619.2 Public Welfare....2 Policy. A recipient shall adopt a procedure for affording the public appropriate access to the Act, Corporation rules, regulations and guidelines, the recipient's written policies, procedures, and guidelines...

  11. 13 CFR 120.711 - What rules govern Intermediaries?

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ... Microloan Program § 120.711 What rules govern Intermediaries? Intermediaries must operate in accordance with applicable statutes, regulations, policy notices, SBA's Standard Operating Procedures (SOPs), and the...

  12. 13 CFR 120.711 - What rules govern Intermediaries?

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ... Microloan Program § 120.711 What rules govern Intermediaries? Intermediaries must operate in accordance with applicable statutes, regulations, policy notices, SBA's Standard Operating Procedures (SOPs), and the...

  13. 13 CFR 120.711 - What rules govern Intermediaries?

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... Microloan Program § 120.711 What rules govern Intermediaries? Intermediaries must operate in accordance with applicable statutes, regulations, policy notices, SBA's Standard Operating Procedures (SOPs), and the...

  14. 13 CFR 120.711 - What rules govern Intermediaries?

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... Microloan Program § 120.711 What rules govern Intermediaries? Intermediaries must operate in accordance with applicable statutes, regulations, policy notices, SBA's Standard Operating Procedures (SOPs), and the...

  15. 13 CFR 120.711 - What rules govern Intermediaries?

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ... Microloan Program § 120.711 What rules govern Intermediaries? Intermediaries must operate in accordance with applicable statutes, regulations, policy notices, SBA's Standard Operating Procedures (SOPs), and the...

  16. 48 CFR 6302.18 - Discovery-depositions (Rule 18).

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 48 Federal Acquisition Regulations System 7 2011-10-01 2011-10-01 false Discovery-depositions... BOARD OF CONTRACT APPEALS RULES OF PROCEDURE 6302.18 Discovery-depositions (Rule 18). (a) General policy... connection with any deposition or other discovery procedure, the Board may make any order which justice...

  17. 48 CFR 6302.18 - Discovery-depositions (Rule 18).

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 48 Federal Acquisition Regulations System 7 2010-10-01 2010-10-01 false Discovery-depositions... BOARD OF CONTRACT APPEALS RULES OF PROCEDURE 6302.18 Discovery-depositions (Rule 18). (a) General policy... connection with any deposition or other discovery procedure, the Board may make any order which justice...

  18. 45 CFR 680.12 - One-year NSF post-employment restrictions.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... Section 680.12 Public Welfare Regulations Relating to Public Welfare (Continued) NATIONAL SCIENCE FOUNDATION NATIONAL SCIENCE FOUNDATION RULES OF PRACTICE Rules of Practice for the National Science... rules or formal policy, such as adoption or amendment of a resolution by the National Science Board...

  19. 45 CFR 680.12 - One-year NSF post-employment restrictions.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... Section 680.12 Public Welfare Regulations Relating to Public Welfare (Continued) NATIONAL SCIENCE FOUNDATION NATIONAL SCIENCE FOUNDATION RULES OF PRACTICE Rules of Practice for the National Science... rules or formal policy, such as adoption or amendment of a resolution by the National Science Board...

  20. 45 CFR 680.12 - One-year NSF post-employment restrictions.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... Section 680.12 Public Welfare Regulations Relating to Public Welfare (Continued) NATIONAL SCIENCE FOUNDATION NATIONAL SCIENCE FOUNDATION RULES OF PRACTICE Rules of Practice for the National Science... rules or formal policy, such as adoption or amendment of a resolution by the National Science Board...

  1. 45 CFR 680.12 - One-year NSF post-employment restrictions.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... Section 680.12 Public Welfare Regulations Relating to Public Welfare (Continued) NATIONAL SCIENCE FOUNDATION NATIONAL SCIENCE FOUNDATION RULES OF PRACTICE Rules of Practice for the National Science... rules or formal policy, such as adoption or amendment of a resolution by the National Science Board...

  2. Exact Hybrid Particle/Population Simulation of Rule-Based Models of Biochemical Systems

    PubMed Central

    Stover, Lori J.; Nair, Niketh S.; Faeder, James R.

    2014-01-01

    Detailed modeling and simulation of biochemical systems is complicated by the problem of combinatorial complexity, an explosion in the number of species and reactions due to myriad protein-protein interactions and post-translational modifications. Rule-based modeling overcomes this problem by representing molecules as structured objects and encoding their interactions as pattern-based rules. This greatly simplifies the process of model specification, avoiding the tedious and error prone task of manually enumerating all species and reactions that can potentially exist in a system. From a simulation perspective, rule-based models can be expanded algorithmically into fully-enumerated reaction networks and simulated using a variety of network-based simulation methods, such as ordinary differential equations or Gillespie's algorithm, provided that the network is not exceedingly large. Alternatively, rule-based models can be simulated directly using particle-based kinetic Monte Carlo methods. This “network-free” approach produces exact stochastic trajectories with a computational cost that is independent of network size. However, memory and run time costs increase with the number of particles, limiting the size of system that can be feasibly simulated. Here, we present a hybrid particle/population simulation method that combines the best attributes of both the network-based and network-free approaches. The method takes as input a rule-based model and a user-specified subset of species to treat as population variables rather than as particles. The model is then transformed by a process of “partial network expansion” into a dynamically equivalent form that can be simulated using a population-adapted network-free simulator. The transformation method has been implemented within the open-source rule-based modeling platform BioNetGen, and resulting hybrid models can be simulated using the particle-based simulator NFsim. Performance tests show that significant memory savings can be achieved using the new approach and a monetary cost analysis provides a practical measure of its utility. PMID:24699269

  3. Exact hybrid particle/population simulation of rule-based models of biochemical systems.

    PubMed

    Hogg, Justin S; Harris, Leonard A; Stover, Lori J; Nair, Niketh S; Faeder, James R

    2014-04-01

    Detailed modeling and simulation of biochemical systems is complicated by the problem of combinatorial complexity, an explosion in the number of species and reactions due to myriad protein-protein interactions and post-translational modifications. Rule-based modeling overcomes this problem by representing molecules as structured objects and encoding their interactions as pattern-based rules. This greatly simplifies the process of model specification, avoiding the tedious and error prone task of manually enumerating all species and reactions that can potentially exist in a system. From a simulation perspective, rule-based models can be expanded algorithmically into fully-enumerated reaction networks and simulated using a variety of network-based simulation methods, such as ordinary differential equations or Gillespie's algorithm, provided that the network is not exceedingly large. Alternatively, rule-based models can be simulated directly using particle-based kinetic Monte Carlo methods. This "network-free" approach produces exact stochastic trajectories with a computational cost that is independent of network size. However, memory and run time costs increase with the number of particles, limiting the size of system that can be feasibly simulated. Here, we present a hybrid particle/population simulation method that combines the best attributes of both the network-based and network-free approaches. The method takes as input a rule-based model and a user-specified subset of species to treat as population variables rather than as particles. The model is then transformed by a process of "partial network expansion" into a dynamically equivalent form that can be simulated using a population-adapted network-free simulator. The transformation method has been implemented within the open-source rule-based modeling platform BioNetGen, and resulting hybrid models can be simulated using the particle-based simulator NFsim. Performance tests show that significant memory savings can be achieved using the new approach and a monetary cost analysis provides a practical measure of its utility.

  4. Balancing economic freedom against social policy principles: EC competition law and national health systems.

    PubMed

    Mossialos, Elias; Lear, Julia

    2012-07-01

    EU Health policy exemplifies the philosophical tension between EC economic freedoms and social policy. EC competition law, like other internal market rules, could restrict national health policy options despite the subsidiarity principle. In particular, European health system reforms that incorporate elements of market competition may trigger the application of competition rules if non-economic gains in consumer welfare are not adequately accounted for. This article defines the policy and legal parameters of the debate between competition law and health policy. Using a sample of cases it analyses how the ECJ, national courts, and National Competition Authorities have applied competition laws to the health services sector in different circumstances and in different ways. It concludes by considering the implications of the convergence of recent trends in competition law enforcement and health system market reforms. Copyright © 2012 Elsevier Ireland Ltd. All rights reserved.

  5. 47 CFR 0.411 - General reference materials.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... available in many libraries and may be purchased from the Superintendent of Documents, U.S. Government.... Notices of proposed rule making, other rule making documents, statements of general policy...

  6. 7 CFR 1207.506 - Policy.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ... 7 Agriculture 10 2014-01-01 2014-01-01 false Policy. 1207.506 Section 1207.506 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (MARKETING AGREEMENTS... Rules and Regulations General § 1207.506 Policy. (a) It shall be the policy of the Board to carry out an...

  7. 32 CFR 776.76 - Policy.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... 32 National Defense 5 2012-07-01 2012-07-01 false Policy. 776.76 Section 776.76 National Defense Department of Defense (Continued) DEPARTMENT OF THE NAVY MISCELLANEOUS RULES PROFESSIONAL CONDUCT OF... Procedures § 776.76 Policy. (a) It is JAG's policy to investigate and resolve, expeditiously and fairly, all...

  8. 5 CFR 2604.401 - Policy.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ... 5 Administrative Personnel 3 2014-01-01 2014-01-01 false Policy. 2604.401 Section 2604.401 Administrative Personnel OFFICE OF GOVERNMENT ETHICS ORGANIZATION AND PROCEDURES FREEDOM OF INFORMATION ACT RULES... § 2604.401 Policy. (a) Policy on application of exemptions. Section 552(b) of the Freedom of Information...

  9. 48 CFR 24.203 - Policy.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 48 Federal Acquisition Regulations System 1 2013-10-01 2013-10-01 false Policy. 24.203 Section 24... PROTECTION OF PRIVACY AND FREEDOM OF INFORMATION Freedom of Information Act 24.203 Policy. (a) The Act... a large and increasing body of court rulings and policy guidance, contracting officers are cautioned...

  10. Imbalance in the sensitivity to different types of rewards in pathological gambling.

    PubMed

    Sescousse, Guillaume; Barbalat, Guillaume; Domenech, Philippe; Dreher, Jean-Claude

    2013-08-01

    Pathological gambling is an addictive disorder characterized by a persistent and compulsive desire to engage in gambling activities. This maladaptive behaviour has been suggested to result from a decreased sensitivity to experienced rewards, regardless of reward type. Alternatively, pathological gambling might reflect an imbalance in the sensitivity to monetary versus non-monetary incentives. To directly test these two hypotheses, we examined how the brain reward circuit of pathological gamblers responds to different types of rewards. Using functional magnetic resonance imaging, we compared the brain responses of 18 pathological gamblers and 20 healthy control subjects while they engaged in a simple incentive task manipulating both monetary and visual erotic rewards. During reward anticipation, the ventral striatum of pathological gamblers showed a differential response to monetary versus erotic cues, essentially driven by a blunted reactivity to cues predicting erotic stimuli. This differential response correlated with the severity of gambling symptoms and was paralleled by a reduced behavioural motivation for erotic rewards. During reward outcome, a posterior orbitofrontal cortex region, responding to erotic rewards in both groups, was further recruited by monetary gains in pathological gamblers but not in control subjects. Moreover, while ventral striatal activity correlated with subjective ratings assigned to monetary and erotic rewards in control subjects, it only correlated with erotic ratings in gamblers. Our results point to a differential sensitivity to monetary versus non-monetary rewards in pathological gambling, both at the motivational and hedonic levels. Such an imbalance might create a bias towards monetary rewards, potentially promoting addictive gambling behaviour.

  11. Comprehensive Child Welfare Information System. Final rule.

    PubMed

    2016-06-02

    This final rule replaces the Statewide and Tribal Automated Child Welfare Information Systems (S/TACWIS) rule with the Comprehensive Child Welfare Information System (CCWIS) rule. The rule also makes conforming amendments in rules in related requirements. This rule will assist title IV-E agencies in developing information management systems that leverage new innovations and technology in order to better serve children and families. More specifically, this final rule supports the use of cost-effective, innovative technologies to automate the collection of high-quality case management data and to promote its analysis, distribution, and use by workers, supervisors, administrators, researchers, and policy makers.

  12. Derivation of optimal joint operating rules for multi-purpose multi-reservoir water-supply system

    NASA Astrophysics Data System (ADS)

    Tan, Qiao-feng; Wang, Xu; Wang, Hao; Wang, Chao; Lei, Xiao-hui; Xiong, Yi-song; Zhang, Wei

    2017-08-01

    The derivation of joint operating policy is a challenging task for a multi-purpose multi-reservoir system. This study proposed an aggregation-decomposition model to guide the joint operation of multi-purpose multi-reservoir system, including: (1) an aggregated model based on the improved hedging rule to ensure the long-term water-supply operating benefit; (2) a decomposed model to allocate the limited release to individual reservoirs for the purpose of maximizing the total profit of the facing period; and (3) a double-layer simulation-based optimization model to obtain the optimal time-varying hedging rules using the non-dominated sorting genetic algorithm II, whose objectives were to minimize maximum water deficit and maximize water supply reliability. The water-supply system of Li River in Guangxi Province, China, was selected for the case study. The results show that the operating policy proposed in this study is better than conventional operating rules and aggregated standard operating policy for both water supply and hydropower generation due to the use of hedging mechanism and effective coordination among multiple objectives.

  13. 41 CFR 105-64.101 - Who is responsible for enforcing these rules?

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... Property Management Regulations System (Continued) GENERAL SERVICES ADMINISTRATION Regional Offices-General Services Administration 64-GSA PRIVACY ACT RULES 64.1-Policies and Responsibilities § 105-64.101 Who is responsible for enforcing these rules? GSA Heads of Services and Staff Offices and Regional Administrators are...

  14. 41 CFR 105-64.101 - Who is responsible for enforcing these rules?

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... Property Management Regulations System (Continued) GENERAL SERVICES ADMINISTRATION Regional Offices-General Services Administration 64-GSA PRIVACY ACT RULES 64.1-Policies and Responsibilities § 105-64.101 Who is responsible for enforcing these rules? GSA Heads of Services and Staff Offices and Regional Administrators are...

  15. 77 FR 234 - Rule Concerning Disclosures Regarding Energy Consumption and Water Use of Certain Home Appliances...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-04

    ... FEDERAL TRADE COMMISSION 16 CFR Part 305 RIN 3084-AB03 Rule Concerning Disclosures Regarding Energy Consumption and Water Use of Certain Home Appliances and Other Products Required Under the Energy Policy and Conservation Act (``Appliance Labeling Rule'') AGENCY: Federal Trade Commission. ACTION...

  16. 77 FR 70583 - Patient Protection and Affordable Care Act; Health Insurance Market Rules; Rate Review

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-26

    ... renewability protections, by prohibiting the use of factors such as health status, medical history, gender, and... comply with the provisions of the final rule, including administrative and marketing costs.... SUMMARY: This proposed rule would implement the Affordable Care Act's policies related to fair health...

  17. Neural markers of social and monetary rewards in children with Attention-Deficit/Hyperactivity Disorder and Autism Spectrum Disorder

    PubMed Central

    Gonzalez-Gadea, Maria Luz; Sigman, Mariano; Rattazzi, Alexia; Lavin, Claudio; Rivera-Rei, Alvaro; Marino, Julian; Manes, Facundo; Ibanez, Agustin

    2016-01-01

    Recent theories of decision making propose a shared value-related brain mechanism for encoding monetary and social rewards. We tested this model in children with Attention-Deficit/Hyperactivity Disorder (ADHD), children with Autism Spectrum Disorder (ASD) and control children. We monitored participants’ brain dynamics using high density-electroencephalography while they played a monetary and social reward tasks. Control children exhibited a feedback Error-Related Negativity (fERN) modulation and Anterior Cingulate Cortex (ACC) source activation during both tasks. Remarkably, although cooperation resulted in greater losses for the participants, the betrayal options generated greater fERN responses. ADHD subjects exhibited an absence of fERN modulation and reduced ACC activation during both tasks. ASD subjects exhibited normal fERN modulation during monetary choices and inverted fERN/ACC responses in social options than did controls. These results suggest that in neurotypicals, monetary losses and observed disloyal social decisions induced similar activity in the brain value system. In ADHD children, difficulties in reward processing affected early brain signatures of monetary and social decisions. Conversely, ASD children showed intact neural markers of value-related monetary mechanisms, but no brain modulation by prosociality in the social task. These results offer insight into the typical and atypical developments of neural correlates of monetary and social reward processing. PMID:27464551

  18. Opening the black box of transfer systems in public sector health services in a Western state in India.

    PubMed

    Purohit, Bhaskar; Martineau, Tim; Sheikh, Kabir

    2016-08-22

    Limited research on Posting and Transfer (P&T) policies and systems in the public sector health services and the reluctance for an open debate on the issue makes P&T as a black box. Limited research on P&T in India suggests that P&T policies and systems are either non-existent, weak, poorly implemented or characterized by corruption. Hence the current study aimed at opening the "black box" of P&T systems in public sector health services in India by assessing the implementation gaps between P&T policies and their actual implementation. This was a qualitative study carried out in Department of Health, in a Western State in India. To understand the extant P&T policies, a systems map was first developed with the help of document review and Key Informant (KI) Interviews. Next systems audit was carried out to assess the actual implementation of transfer policies by interviewing Medical Officers (MOs), the group mainly affected by the P&T policies. Job histories were constructed from the interviews to understand transfer processes like frequencies of transfers and to assess if transfer rules were adhered. The analysis is based on a synthesis of document review, 19 in-depth interviews with MOs working with state health department and five in-depth interviews with Key Informants (KIs). Framework analysis approach was used to analyze data using NVIVO. The state has a generic transfer guideline applicable to all government officers but there is no specific transfer policy or guideline for government health personnel. The generic transfer guidelines are weakly implemented indicating a significant gap between policy and actual implementation. The formal transfer guidelines are undermined by a parallel system in which desirable posts are attained, retained or sometimes given up by the use of political connections and money. MOs' experiences of transfers were marked by perceptions of unfairness and irregularities reflected through interviews as well as the job histories. The generic transfer rules and ambiguity in how transfers are treated may explain the discrepancy between policy and implementation leading to systems abuse. This discrepancy could have negative influence on MOs' morale which could in turn affect distribution of MOs. Where possible, ambiguity in the rules should be avoided and a greater transparency on implementation of the transfer rules is needed. However, it may not be possible to make any significant improvements to P&T policies and how they are implemented until the external pressure that creates parallel systems is greatly reduced in translating HR policy into HR practice. Effective P&T policies and implementation may have important implications for organizational performance and may help to improve Human Resource (HR) policy and HR expertise. Also there is a greater need for transparency on implementation of the rules. However, it may not be possible to make any significant improvements to P&T policies and how they are implemented until the external pressure that creates parallel systems is greatly reduced.

  19. Wyoming Career and Technical Education Policy Analysis

    ERIC Educational Resources Information Center

    MPR Associates, Inc., 2009

    2009-01-01

    This policy analysis was produced for the Wyoming Department of Administration and Information by MPR Associates, Inc. Its purpose was to examine federal and state policy related to career and technical education (CTE) to determine whether existing policy (in the form of statutes, rules, regulations, and guidance) could either promote or impede…

  20. 40 CFR 1603.2 - Policy.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... 40 Protection of Environment 34 2012-07-01 2012-07-01 false Policy. 1603.2 Section 1603.2 Protection of Environment CHEMICAL SAFETY AND HAZARD INVESTIGATION BOARD RULES IMPLEMENTING THE GOVERNMENT IN THE SUNSHINE ACT § 1603.2 Policy. It is the policy of the CSB to provide the public with the fullest...

  1. 40 CFR 1603.2 - Policy.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... 40 Protection of Environment 33 2014-07-01 2014-07-01 false Policy. 1603.2 Section 1603.2 Protection of Environment CHEMICAL SAFETY AND HAZARD INVESTIGATION BOARD RULES IMPLEMENTING THE GOVERNMENT IN THE SUNSHINE ACT § 1603.2 Policy. It is the policy of the CSB to provide the public with the fullest...

  2. 40 CFR 1603.2 - Policy.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... 40 Protection of Environment 33 2011-07-01 2011-07-01 false Policy. 1603.2 Section 1603.2 Protection of Environment CHEMICAL SAFETY AND HAZARD INVESTIGATION BOARD RULES IMPLEMENTING THE GOVERNMENT IN THE SUNSHINE ACT § 1603.2 Policy. It is the policy of the CSB to provide the public with the fullest...

  3. 19 CFR 210.2 - General policy.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 19 Customs Duties 3 2010-04-01 2010-04-01 false General policy. 210.2 Section 210.2 Customs Duties UNITED STATES INTERNATIONAL TRADE COMMISSION INVESTIGATIONS OF UNFAIR PRACTICES IN IMPORT TRADE ADJUDICATION AND ENFORCEMENT Rules of General Applicability § 210.2 General policy. It is the policy of the...

  4. Simulation of data safety components for corporative systems

    NASA Astrophysics Data System (ADS)

    Yaremko, Svetlana A.; Kuzmina, Elena M.; Savchuk, Tamara O.; Krivonosov, Valeriy E.; Smolarz, Andrzej; Arman, Abenov; Smailova, Saule; Kalizhanova, Aliya

    2017-08-01

    The article deals with research of designing data safety components for corporations by means of mathematical simulations and modern information technologies. Simulation of threats ranks has been done which is based on definite values of data components. The rules of safety policy for corporative information systems have been presented. The ways of realization of safety policy rules have been proposed on the basis of taken conditions and appropriate class of valuable data protection.

  5. Typing for Conflict Detection in Access Control Policies

    NASA Astrophysics Data System (ADS)

    Adi, Kamel; Bouzida, Yacine; Hattak, Ikhlass; Logrippo, Luigi; Mankovskii, Serge

    In this paper we present an access control model that considers both abstract and concrete access control policies specifications. Permissions and prohibitions are expressed within this model with contextual conditions. This situation may lead to conflicts. We propose a type system that is applied to the different rules in order to check for inconsistencies. If a resource is well typed, it is guaranteed that access rules to the resource contain no conflicts.

  6. Simple Decision-Analytic Functions of the AUC for Ruling Out a Risk Prediction Model and an Added Predictor.

    PubMed

    Baker, Stuart G

    2018-02-01

    When using risk prediction models, an important consideration is weighing performance against the cost (monetary and harms) of ascertaining predictors. The minimum test tradeoff (MTT) for ruling out a model is the minimum number of all-predictor ascertainments per correct prediction to yield a positive overall expected utility. The MTT for ruling out an added predictor is the minimum number of added-predictor ascertainments per correct prediction to yield a positive overall expected utility. An approximation to the MTT for ruling out a model is 1/[P (H(AUC model )], where H(AUC) = AUC - {½ (1-AUC)} ½ , AUC is the area under the receiver operating characteristic (ROC) curve, and P is the probability of the predicted event in the target population. An approximation to the MTT for ruling out an added predictor is 1 /[P {(H(AUC Model:2 ) - H(AUC Model:1 )], where Model 2 includes an added predictor relative to Model 1. The latter approximation requires the Tangent Condition that the true positive rate at the point on the ROC curve with a slope of 1 is larger for Model 2 than Model 1. These approximations are suitable for back-of-the-envelope calculations. For example, in a study predicting the risk of invasive breast cancer, Model 2 adds to the predictors in Model 1 a set of 7 single nucleotide polymorphisms (SNPs). Based on the AUCs and the Tangent Condition, an MTT of 7200 was computed, which indicates that 7200 sets of SNPs are needed for every correct prediction of breast cancer to yield a positive overall expected utility. If ascertaining the SNPs costs $500, this MTT suggests that SNP ascertainment is not likely worthwhile for this risk prediction.

  7. Re-Examining the Fluctuations in Language in-Education Policies in Post-Independence Ghana

    ERIC Educational Resources Information Center

    Ansah, Gladys Nyarko

    2014-01-01

    Language-in-education policy in Ghana has been in a flux since British colonial rule but particularly so after independence. A close examination of post independence language in education policies shows these fluctuating policies have moved from one form of bilingual education policy to another. Many tensions and paradoxes that arise from…

  8. Operating rules for multireservoir systems

    NASA Astrophysics Data System (ADS)

    Oliveira, Rodrigo; Loucks, Daniel P.

    1997-04-01

    Multireservoir operating policies are usually defined by rules that specify either individual reservoir desired (target) storage volumes or desired (target) releases based on the time of year and the existing total storage volume in all reservoirs. This paper focuses on the use of genetic search algorithms to derive these multireservoir operating policies. The genetic algorithms use real-valued vectors containing information needed to define both system release and individual reservoir storage volume targets as functions of total storage in each of multiple within-year periods. Elitism, arithmetic crossover, mutation, and "en bloc" replacement are used in the algorithms to generate successive sets of possible operating policies. Each policy is then evaluated using simulation to compute a performance index for a given flow series. The better performing policies are then used as a basis for generating new sets of possible policies. The process of improved policy generation and evaluation is repeated until no further improvement in performance is obtained. The proposed algorithm is applied to example reservoir systems used for water supply and hydropower.

  9. An organizational perspective on ethics as a form of regulation.

    PubMed

    Hoeyer, Klaus; Lynöe, Niels

    2009-11-01

    In this paper we propose a theoretical framework for analysing the history and function of ethics as a form of regulation. Ethics in the form of codes, rules and declarations, constitutes regulatory policies, and we wish to suggest analysing such policies from an organizational perspective. In many instances ethics policies are reactions to particular events involving harm of patients or research participants. As such they seem to come forward as solutions to specific problems. However, not all such events that instigate the making of new policies, and policies often have other effects and are used for other purposes than what we might expect from the events preceding them: when ethics takes on the form of policy making, the relationship between problems and solutions is more complex. We suggest that an organizational perspective on ethics codes, rules and declarations can deliver a relevant framework for future studies of the implications of wanting to address ethical problems through policy making.

  10. Components of reward-driven attentional capture.

    PubMed

    Sha, Li Z; Jiang, Yuhong V

    2016-02-01

    Recent research reported that task-irrelevant colors captured attention if these colors previously served as search targets and received high monetary reward. We showed that both monetary reward and value-independent mechanisms influenced selective attention. Participants searched for two potential target colors among distractor colors in the training phase. Subsequently, they searched for a shape singleton in a testing phase. Experiment 1 found that participants were slower in the testing phase if a distractor of a previous target color was present rather than absent. Such slowing was observed even when no monetary reward was used during training. Experiment 2 associated monetary rewards with the target colors during the training phase. Participants were faster finding the target associated with higher monetary reward. However, reward training did not yield value-dependent attentional capture in the testing phase. Attentional capture by the previous target colors was not significantly greater for the previously high-reward color than the previously low or no-reward color. These findings revealed both the power and limitations of monetary reward on attention. Although monetary reward can increase attentional priority for the high-reward target during training, subsequent attentional capture effects may not be reward-based, but reflect, in part, attentional capture by previous targets.

  11. Concordance between monetary and sexual delay discounting in men who have sex with men.

    PubMed

    Jones, Jeb; Guest, Jodie L; Sullivan, Patrick S; Kramer, Michael R; Jenness, Samuel M; Sales, Jessica M

    2017-12-07

    Background: Delay discounting has been found to be associated with numerous health-related outcomes, including risky sexual behaviour. To date, it is unclear whether delay discounting measured in different domains is associated within individuals. The goal of this study was to assess the concordance of monetary and sexual delay discounting in men who have sex with men. Methods: Participants completed an online survey, including the Monetary Choice Questionnaire and the Sexual Discounting Task. Linear regression models were used to assess the association between monetary and sexual discount rates. Results: Sexual discount rates did not predict monetary discount rates. There was a substantial amount of clustering of sexual discount rates, requiring sexual discounting data to be categorised. Conclusions: Monetary and sexual delay discounting are distinct processes that are not necessarily associated within individuals, and monetary delay discounting is not an appropriate proxy measure for sexual impulsivity. Data from the Sexual Discounting Task are typically rank-transformed for analysis. These data suggest that this might be an invalid method of analysis. Future studies should investigate the distribution of their data to determine if it is appropriate to analyse sexual discounting data as a continuous measure.

  12. Tested program for Third World economic development

    DOE Office of Scientific and Technical Information (OSTI.GOV)

    Lindholm, R.W.

    1977-04-01

    Some of the responsibility for the inability of Western-oriented Third World Countries (1) to make democratic economic institutions work rests upon advisers to American and international financial institutions who recommend principles of economic growth distilled out of Keynesian recipes for an over-saving Western society of the 1930s, and out of aspects of American experience with no applicability elsewhere. Applicable aspects of U.S. experience suggest a program relying on capitalistic drives and using fiscal and monetary policy of the type that proved useful in the development of democratic capitalism in the U.S. in the 19th century.

  13. Cosmetic surgery in times of recession: macroeconomics for plastic surgeons.

    PubMed

    Krieger, Lloyd M

    2002-10-01

    Periods of economic downturn place special demands on the plastic surgeon whose practice involves a large amount of cosmetic surgery. When determining strategy during difficult economic times, it is useful to understand the macroeconomic background of these downturns and to draw lessons from businesses in other service industries. Business cycles and monetary policy determine the overall environment in which plastic surgery is practiced. Plastic surgeons can take both defensive and proactive steps to maintain their profits during recessions and to prepare for the inevitable upturn. Care should also be taken when selecting pricing strategy during economic slowdowns.

  14. Estimating a WTP-based value of a QALY: the 'chained' approach.

    PubMed

    Robinson, Angela; Gyrd-Hansen, Dorte; Bacon, Philomena; Baker, Rachel; Pennington, Mark; Donaldson, Cam

    2013-09-01

    A major issue in health economic evaluation is that of the value to place on a quality adjusted life year (QALY), commonly used as a measure of health care effectiveness across Europe. This critical policy issue is reflected in the growing interest across Europe in development of more sound methods to elicit such a value. EuroVaQ was a collaboration of researchers from 9 European countries, the main aim being to develop more robust methods to determine the monetary value of a QALY based on surveys of the general public. The 'chained' approach of deriving a societal willingness-to-pay (WTP) based monetary value of a QALY used the following basic procedure. First, utility values were elicited for health states using the standard gamble (SG) and time trade off (TTO) methods. Second, a monetary value to avoid some risk/duration of that health state was elicited and the implied WTP per QALY estimated. We developed within EuroVaQ an adaptation to the 'chained approach' that attempts to overcome problems documented previously (in particular the tendency to arrive at exceedingly high WTP per QALY values). The survey was administered via Internet panels in each participating country and almost 22,000 responses achieved. Estimates of the value of a QALY varied across question and were, if anything, on the low side with the (trimmed) 'all country' mean WTP per QALY ranging from $18,247 to $34,097. Untrimmed means were considerably higher and medians considerably lower in each case. We conclude that the adaptation to the chained approach described here is a potentially useful technique for estimating WTP per QALY. A number of methodological challenges do still exist, however, and there is scope for further refinement. Copyright © 2013 Elsevier Ltd. All rights reserved.

  15. 78 FR 70499 - An Inquiry Into the Commission's Policies and Rules Regarding AM Radio Service Directional...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-26

    ... Antenna Performance Verification AGENCY: Federal Communications Commission. ACTION: Final rule; correction... as follows: Subpart BB--Disturbance of AM Broadcast Station Antenna Patterns * * * * * Federal...

  16. 78 FR 41335 - Proposed Establishment of Class E Airspace; Battle Mountain, NV

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-10

    ... vectoring of Instrument Flight Rules (IFR) aircraft under control of Salt Lake City, Oakland, and Los... for comments will be considered before taking action on the proposed rule. The proposal contained in... Executive Order 12866; (2) is not a ``significant rule'' under DOT Regulatory Policies and Procedures (44 FR...

  17. 12 CFR 5.2 - Rules of general applicability.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Rules of general applicability. 5.2 Section 5.2 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY RULES, POLICIES, AND... the Currency, 250 E Street, SW., Washington, DC 20219-0001. (d) Electronic filing. The OCC may permit...

  18. 12 CFR 5.2 - Rules of general applicability.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ... 12 Banks and Banking 1 2011-01-01 2011-01-01 false Rules of general applicability. 5.2 Section 5.2 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY RULES, POLICIES, AND... the Currency, 250 E Street, SW., Washington, DC 20219-0001. (d) Electronic filing. The OCC may permit...

  19. 76 FR 50148 - Notice of Intent to Negotiate Proposed Rule on Energy Efficiency Standards for Distribution...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-12

    ... Intent to Negotiate Proposed Rule on Energy Efficiency Standards for Distribution Transformers AGENCY... transformers. The purpose of the subcommittee will be to discuss and, if possible, reach consensus on a proposed rule for the energy efficiency of distribution transformers, as authorized by the Energy Policy...

  20. 76 FR 7508 - National Flood Insurance Program, Policy Wording Correction

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-10

    ... unintentionally omitted words in this final rule. DATES: This rule is effective March 14, 2011. ADDRESSES: The... until the final rule's effective date of December 31, 2000. The words ``Coverage for'' do not... in Appendix A. FEMA proposed to correct the paragraph by adding the words ``Coverage for'' at the...

  1. 78 FR 63263 - Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-23

    ... Adopted Under Rule 205 Entitled ``Back-Up Communication Channel to Internet Access'' October 17, 2013. I... ``Back-up Communication Channel to Internet Access'' requiring clearing members that use the internet as... Policy Statement under Rule 205 requiring clearing members that primarily use the internet to access OCC...

  2. Proposed Rule (April 18, 2016)

    EPA Pesticide Factsheets

    Proposed Rule - Protection of Stratospheric Ozone: New Listings of Substitutes; Changes of Listing Status; Reinterpretation of Unacceptability for Closed Cell Foam Products under the Significant New Alternatives Policy Program; and Revision of Clean Air Ac

  3. 45 CFR 1612.5 - Permissible activities using any funds.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... involving that client's legal rights or responsibilities, including pre-litigation negotiation and..., practices, or policies; (3) Informing clients, other recipients, or attorneys representing eligible clients..., rules of professional responsibility and disciplinary rules. ...

  4. 76 FR 74625 - Civil Monetary Penalties Inflation Adjustment

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-01

    ...-2011] RIN 1125-AA69 Civil Monetary Penalties Inflation Adjustment AGENCIES: U.S. Customs and Border... adjust for inflation certain civil monetary penalties assessed under the Immigration and Nationality Act... assessed under the INA. The Federal Civil Penalties Inflation Adjustment Act of 1990 (Adjustment Act...

  5. CERN: A global project

    NASA Astrophysics Data System (ADS)

    Voss, Rüdiger

    2017-07-01

    In the most important shift of paradigm of its membership rules in 60 years, CERN in 2010 introduced a policy of “Geographical Enlargement” which for the first time opened the door for membership of non-European States in the Organization. This short article reviews briefly the history of CERN’s membership rules, discusses the rationale behind the new policy, its relationship with the emerging global roadmap of particle physics, and gives a short overview of the status of the enlargement process.

  6. Rules of thumb for superfund remedy selection

    DOE Office of Scientific and Technical Information (OSTI.GOV)

    NONE

    1997-08-01

    The guidance document describes key principles and expectations, interspersed with `best practices` based on program experience, that should be consulted during the Superfund remedy selection process. These remedy selection `Rules of Thumb` are organized into three major policy areas: (1) risk assessment and risk management, (2) developing remedial alternatives, and (3) ground-water response actions. The purpose of this guide is to briefly summarize key elements of various remedy selection guidance documents and policies in one publication.

  7. 78 FR 2038 - Notice of Availability of Proposed New Starts and Small Starts Policy Guidance

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-09

    ... policy guidance will accompany the final rule for Major Capital Investment Projects published elsewhere... policy guidance on the review and evaluation process and criteria for major capital investment projects... capital investment program authorized at 49 U.S.C. 5309. Both the new regulation and the proposed policy...

  8. Inviting Policy Development: From Public Relations to Public Creations.

    ERIC Educational Resources Information Center

    Webster, Sheila J.; Novak, John M.

    Inviting policy development is an attempt to cordially summon those who are involved and affected by rules, codes, and procedures to understand and participate in the formulation, implementation, and evaluation of policies. This paper first presents criteria for an invitational framework for policy development and then goes on to discuss the…

  9. Patron Behavior Policies in the Public Library: "Kreimer v. Morristown" Revisited.

    ERIC Educational Resources Information Center

    Geiszler, Robert W.

    1998-01-01

    The case of an indigent library patron recovering a judgment against a public library is used as a backdrop for discussing patron behavior policies in the public library. Highlights include First Amendment rights, the public library as an expressive forum, government rules, policy lessons from the case, and acceptable policies. (AEF)

  10. 48 CFR 3045.508-3 - Quantitative and monetary control.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 48 Federal Acquisition Regulations System 7 2010-10-01 2010-10-01 false Quantitative and monetary control. 3045.508-3 Section 3045.508-3 Federal Acquisition Regulations System DEPARTMENT OF HOMELAND... Management of Government Property in the Possession of Contractors 3045.508-3 Quantitative and monetary...

  11. 48 CFR 3045.508-3 - Quantitative and monetary control.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 48 Federal Acquisition Regulations System 7 2011-10-01 2011-10-01 false Quantitative and monetary control. 3045.508-3 Section 3045.508-3 Federal Acquisition Regulations System DEPARTMENT OF HOMELAND... Management of Government Property in the Possession of Contractors 3045.508-3 Quantitative and monetary...

  12. 46 CFR 283.1 - Purpose.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... working capital. However, this policy also takes into consideration the operators' need to attract new... POLICY FOR OPERATORS RECEIVING OPERATING-DIFFERENTIAL SUBSIDY § 283.1 Purpose. (a) The rules of this part... marine. The policy contained herein takes into consideration the operators' contractual obligations to...

  13. 32 CFR 776.3 - Policy.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... 32 National Defense 5 2012-07-01 2012-07-01 false Policy. 776.3 Section 776.3 National Defense Department of Defense (Continued) DEPARTMENT OF THE NAVY MISCELLANEOUS RULES PROFESSIONAL CONDUCT OF... Policy. (a) Covered attorneys shall maintain the highest standards of professional ethical conduct...

  14. Federal tax-exemption requirements for joint ventures between nonprofit hospital providers and for-profit entities: form over substance?

    PubMed

    Young, Gary J

    2004-01-01

    This article discusses the IRS rule on hospital joint ventures and related legal developments. The central thesis is that the IRS's emphasis on operational control is misplaced from both a legal and a policy perspective, and reflects a decidedly strong preference for the form of a joint venture's governance over the substance of its charitable and community service activities. More specifically, the article challenges the IRS position that the rule is a corollary of existing tax law principles. Additionally, social science research is presented to demonstrate that the rule is not likely to promote, and may in fact undermine, United States health policy objectives.

  15. Re-establishing an ecological discourse in the policy debate over how to value ecosystems and biodiversity.

    PubMed

    Spash, Clive L; Aslaksen, Iulie

    2015-08-15

    In this paper we explore the discourses of ecology, environmental economics, new environmental pragmatism and social ecological economics as they relate to the value of ecosystems and biodiversity. Conceptualizing biodiversity and ecosystems as goods and services that can be represented by monetary values in policy processes is an economic discourse being increasingly championed by ecologists and conservation biologists. The latter promote a new environmental pragmatism internationally as hardwiring biodiversity and ecosystems services into finance. The approach adopts a narrow instrumentalism, denies value pluralism and incommensurability, and downplays the role of scientific knowledge. Re-establishing an ecological discourse in biodiversity policy implies a crucial role for biophysical indicators as independent policy targets, exemplified in this paper by the Nature Index for Norway. Yet, there is a recognisable need to go beyond a traditional ecological approach to one recognising the interconnections of social, ecological and economic problems. This requires reviving and relating to a range of alternative ecologically informed discourses, including an ecofeminist perspective, in order to transform the increasingly dominant and destructive relationship of humans separated from and domineering over Nature. Copyright © 2015 Elsevier Ltd. All rights reserved.

  16. European Community.

    PubMed

    1987-05-01

    The European Community was established in 1951 to reconcile France and Germany after World War II and to make possible the eventual federation of Europe. By 1986, there were 12 member countries: France, Italy, Belgium, the Federal Republic of Germany, Luxembourg, the Netherlands, Denmark, Ireland, the United Kingdom, Greece, Spain, and Portugal. Principal areas of concern are internal and external trade, agriculture, monetary coordination, fisheries, common industrial and commercial policies, assistance, science and research, and common social and regional policies. The European Community has a budget of US$34.035 billion/year, funded by customs duties and 1.4% of each member's value-added tax. The treaties establishing the European Community call for members to form a common market, a common customs tariff, and common agricultural, transport, economic, and nuclear policies. Major European Community institutions include the Commission, Council of Ministers, European Parliament, Court of Justice, and Economic and Social Committee. The Community is the world's largest trading unit, accounting for 15% of world trade. The 2 main goals of the Community's industrial policy are to create an open internal market and to promote technological innovation in order to improve international competitiveness. The European Community aims to contribute to the economic and social development of Third World countries as well.

  17. 17 CFR 143.8 - Inflation-adjusted civil monetary penalties.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Inflation-adjusted civil... JURISDICTION General Provisions § 143.8 Inflation-adjusted civil monetary penalties. (a) Unless otherwise amended by an act of Congress, the inflation-adjusted maximum civil monetary penalty for each violation of...

  18. 8 CFR 280.53 - Civil monetary penalties inflation adjustment.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... 8 Aliens and Nationality 1 2010-01-01 2010-01-01 false Civil monetary penalties inflation... REGULATIONS IMPOSITION AND COLLECTION OF FINES § 280.53 Civil monetary penalties inflation adjustment. (a) In general. In accordance with the requirements of the Federal Civil Penalties Inflation Adjustment Act of...

  19. 78 FR 14179 - Adjustments to Civil Monetary Penalty Amounts

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-05

    ... SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 201 [Release Nos. 33-9387; 34-68994; IA-3557; IC-30408] Adjustments to Civil Monetary Penalty Amounts AGENCY: Securities and Exchange Commission. ACTION... adjusting for inflation the maximum amount of civil monetary penalties under the Securities Act of 1933, the...

  20. 31 CFR 103.58 - Forfeiture of currency or monetary instruments.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... instruments. 103.58 Section 103.58 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS General Provisions § 103.58 Forfeiture of currency or monetary instruments. Any currency or other monetary instruments which are in the...

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