Thesis advisor: Robert Murphy / A study of recent inflation dynamics in the G-7, this paper discusses a problem with the Phillips curve which arose during the Great Recession (2008-2011). We find that work with time-varying slope, expectation anchoring, and core inflation can correct for the under-predictions that develop in the Phillips Curve during the recession, improving its accuracy throughout the G-7. / Thesis (BA) — Boston College, 2012. / Submitted to: Boston College. College of Arts and Sciences. / Discipline: Economics Honors Program. / Discipline: Economics.

Magister Scientiae Dentium - MSc(Dent) / A number of dental age estimation methods have been developed over the years ranging from the frequently used age estimation of Demirjian et al (1973) and Moorrees et al (1965) to the less frequently used age estimation methods of Haavikko (1970) and Nolla (1960). Different dental age estimation methods have been used with variable success. These were developed using mainly children of Central and Northern European descent and white North Americans. The results of the above-mentioned dental age estimation methods, when used on South African children, show that the need for adaptation of these methods exists. Phillips has thus developed a dental age estimation table for Nguni children of South Africa, to assist in correcting this discrepancy. OBJECTIVE: To establish if the Phillips dental age estimation developed for Nguni children of South Africa is applicable to children in the region of Mpumalanga. METHOD: Cross sectional study using a stratified random sampling method involving 100 panoramic radiographs of black children up to the age of 14 years, in the region of Mpumalanga. CONCLUSION: This study will determine if Phillips dental age estimation tables developed for South African Nguni children is applicable and accurate in estimating the age of black Mpumalanga children.

This thesis investigates the cause and implications of the divergent inflationrates of the EMU-12 countries between the years 1998 and 2010. The EMUand the euro are put into a context with the classic theory of Optimum CurrencyArea, where the economic benefits and cost of joining a monetary unionis reviewed. The inflation divergence in the euro area is then described and investigated.Empirically, a Phillips Curve model is constructed in order to determineif the EMU-12 nations’ inflation rates are equally sensitive to changesin unemployment as the EMU average. This is done using a Panel Least Squareestimation for the EMU-12. Each nation is then tested separately against theEMU average. The result provides evidence that the EMU-12 nations’ inflationrates are not equally sensitive to changes in unemployment as the EMU average.The result is negative for the EMU-12 in an Optimum Currency Area context.Given the results, the EMU-12 cannot be considered to be an OptimumCurrency Area, at least not yet.

Behavioural theories of finance and economics have received little academic attention until recently. Nevertheless, behavioural theories of investor behaviour can be directly applied to categorization of investors and prediction of future behaviour. The purpose of characterizing and predicting future behaviour is to ensure allocation of appropriate corporate resources to meet the needs of clients as effectively as possible. This research specifically focuses on segmentation and predictive modeling of retail clients at Phillips, Hager & North Investment Management Ltd. Segmentation is undertaken through cluster analysis of investors based on transactional and performance data. Subsequent logistic regression and seemingly unrelated regression models are developed to determine if investment personality - through Know-Your-Client (KYC) information - and demographics have an explanatory and predictive relationship with future investor behaviour.

No description available.

This paper mainly focuses on one of the new specifications of Phillips curve family, the threshold Phillips curve. By estimating the threshold model using G7 plus Australia countries quarterly data, the threshold effect is confirmed only by U.S. and Canadian Phillips curves. No strong evidence for the threshold effect was found among other countries. Moreover, the estimation results for both standard and threshold Phillips curve model indicate weak trade-o relations between inflation and unemployment. Policy makers should review Phillips curve as a forecasting tool with extra caution. Future studies can focus on specific country's threshold effect testing with detailed explanation.

The purpose of the paper is to explore the relationship between inflation and unemployment in Germany during the period from 1970 to 2012. Through the methods of cointegration, dynamic OLS and an error correction model, this paper highlights that there is no short run negative relationship between inflation and unemployment, and consequently the short run Phillips curve is an unsuitable instrument for making political decisions. Furthermore, there is a long run relationship between inflation and unemployment, which can be explained with asymmetric nominal wage rigidities and resulting frictional growth. Resulting policy implications reflect the advantage of a permanent higher inflation target for Germany. Since the beginning of the European Monetary Union, Germany has been on average 0.5% under the permanent inflation target of the central bank. Therefore, by using fiscal policy, Germany can reduce permanent unemployment without missing the inflation target of the central bank. Finally, despite of variety of intensive changes in the macroeconomic situation and particularly through the establishment of the European Monetary Union, the CUSUM and CUSUMsq test reveal that the estimate holds validity over the entire observation period and has not changed since the beginning of the European Monetary Union.

Thesis (M.S.)--University of Delaware, 2007. / Principal faculty advisor: James L. Butkiewicz, Dept. of Economics. Includes bibliographical references.

Freiburg i. Br., Univ., Diplomarb., 2008.

Thesis (Ph. D.)--University of Washington, 2004. / Vita. Includes bibliographical references (leaves 68-71).