In this study, we examine posterior properties and frequentist risks of Bayesian estimators based on several non-informative priors in Vector Autoregressive (VAR) models. We prove existence of the posterior distributions ...

In this paper, we study the optimal steady state monetary policy in overlapping generations (OG) models. In contrast to economies populated by infinitely-lived representative agents (ILRA), the Friedman Rule is frequently ...

The present study makes two contributions to the Bayesian Vector-Autoregression (VAR) literature. The first contribution is derivation of the Bayesian VAR estimator under the intrinsic entropy loss. The Bayesian estimator, ...

Recent papers suggest that when intermediation is analyzed seriously, the Friedman rule does not maximize social welfare in overlapping generations model in which money is valued because of spatial separation and limited ...

The A+ Schools Program was initiated to offer financial incentives to students to attend Missouri's public 2-year post-secondary schools. Under the program, the state government provides eligible students with college ...

Welfare reform has transformed the U.S. cash assistance program for single parents and their children. Although there remains substantial uncertainty about the importance of reform in producing the subsequent decline in ...

Illegal immigration and border enforcement in the United States have increased concomitantly for over thirty years. One interpretation is that U.S. border policies have been ineffective. We offer an alternative view, ...

This paper shows that the precautionary premium embodies a tradeoff between risk and downside risk. It is the size of a mean-preserving spread for thish the strength of aversion to risk just offsets the strength of aversion ...

Routine liver function test monitoring is not required for all patients on isoniazid therapy for latent tuberculosis (TB) infection (strength of recommendation: B, based on case series). No clinical trials have studied the ...

Metered-dose inhalers with a spacer (MDI/S) are as good as, or better than, nebulizers for children with asthma. This is based on numerous randomized controlled trials that compared outcomes such as hospital admission ...

Angiotensin-converting enzyme (ACE) inhibitors make a significant difference for patients with diabetes as a whole. If patients both with and without microalbuminuria are included together, ACE inhibitors significantly ...

Transvaginal ultrasound should not replace endometrial biopsy for detection of endometrial disease among asymptomatic postmenopausal patients. Endometrial biopsy has been considered a standard for the clinical diagnosis ...

FAPRI analysis indicates that increased ethanol production resulting from the Energy Policy Act of 2005 will have important effects on markets for corn and other crops, government farm program costs, and net farm income.

This report looks at the impact of China's grain projections on a global commodity baseline through a discussion of the 1998 FAPRI China corn outlook.

Analysis requested by Senator Saxby Chambliss of the October 2005 U.S. WTO proposal.

Endometriosis is an estrogen-dependent disease that affects 5% to 10% of all women, causing pain and infertility. This disease occurs when uterine tissue grows outside of the uterus in the body cavity. It is unknown what ...

The American elderberry (Sambucus nigra L. subsp. canadensis R. Bolli) is an attractive shrub native to central and eastern North America that produces edible flowers and berries. In Europe, tea made from flowers of the ...

Stars like the sun will evolve into objects that are comprised of a very hot white dwarf central star surrounded by a cloud of gas and dust, known as planetary nebulae. In PNe, UV radiation from the star creates an ionized ...