No description available.

No description available.

No description available.

This thesis examines the problems posed by Japan???s recent macroeconomic experience for conventional monetary policy theory and practice. Japan???s experience with deflation and the zero lower bound for nominal official interest rates is placed in the context of neo-Wicksellian and monetarist interpretations of the monetary policy transmission mechanism. The neo-Wicksellian approach to the zero bound problem is shown to suffer significant limitations in view of Japan???s experience, while a monetarist interpretation of the transmission mechanism is shown to be more robust. The thesis considers the role of the official interest rate and the money base in vector autoregression models of the Japanese economy, finding that the economy became less amenable to effective stabilisation by monetary policy from the early 1990s onwards. A new approach to estimating a neo-Wicksellian monetary policy rule for the Bank of Japan is proposed and the robustness of the parameters of this rule determined. The thesis motivates a role for the money base in the determination of real output and inflation. A policy rule in the growth rate of the nominal money base is estimated and the stability of its parameters with respect to a hypothesised structural break and changes in the governorship of the Bank of Japan is considered. Aggregate demand and supply specifications for the Japanese economy are estimated that show a distinct role for the money base that is independent of the official interest rate. These specifications are extended to develop a model of the Japanese economy. The model is distinctive in incorporating both neo-Wicksellian and monetarist views of the monetary policy transmission mechanism. The macroeconomic stabilisation properties of various interest rate and money base growth rules are compared in the context of the model, using stochastic simulation methods. In particular, a policy rule in the growth rate of the nominal money base with the nominal official interest rate set to zero is simulated and shown to have macroeconomic stabilisation properties that compare favourably to conventional interest rate rules. The thesis concludes that the neglect of money in contemporary monetary policy theory and practice is mistaken in view of Japan???s recent macroeconomic experience.

Zugl.: Wuppertal, Univ., Diss., 2004

Zugl.: Duisburg, Essen, University, Diss., 2008.

Zugl.: Bochum, Univ., Diss., 2007

Thesis (Ph. D.)--Rutgers University, 2008. / "Graduate Program in Psychology." Includes bibliographical references (p. 93-101).

No description available.

This thesis reports on research undertaken to investigate the implementation of a Circular approach within the leather industry, through the definition of a framework and development of an economic decision-making support tool. The core objective of the research is to identify the underpinning opportunities and challenges involved in creating recycling solutions for leather waste. The research contributions can be considered in four key areas. The first part of the thesis consists of a review of the use of leather across industry sectors and the existing waste management and recycling systems for leather waste. On consideration of this review it clearly shows a lack of systematic thinking around the creation and optimisation of recovery systems for leather waste. This review concludes that there is significant room for improvement of the current waste management and recycling solutions for leather waste. A variety of value-added products can be recovered from these wastes but only if the leather can be successfully separated from the other materials (such as rubbers and polymers) within end-of-life products and manufacturing wastes. The second part of the research defines a framework for implementing a Circular approach within the leather industry. This framework supports mapping and characterisation of the leather waste stream and the design of recycling and processing strategies for leather waste. The third part of the research is concerned with the development of a decision-support tool for the economic viability of leather recycling systems. The support tool considers all cost factors and combines them to give a single factor upon which the economic effectiveness of different leather recycling scenarios can be evaluated. Finally, the validity of the framework for leather waste recycling is assessed through the completion of two case studies. These case studies demonstrate the flexibility of the framework in supporting both horizontal (across lifecycle) leather recycling and vertical (across industry sector) leather recycling. In summary, the research clearly highlights the need for systematic thinking and flexible strategies when creating leather recycling systems. Failure to incorporate flexibility into future recycling systems puts the recycling industries at risk of being unable to effectively manage future waste streams. Conversely, early consideration and incorporation of flexible processing strategies into recycling systems could enable the recovery of high-quality recycled materials that support a circular approach to manufacturing and resource use.