Method Today

Method Today

Author: Brad Stoddard

Publisher: NAASR Working Papers

Published: 2018

Total Pages: 0

ISBN-13: 9781781795675

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Thirty or forty years ago, the phrase method and theory in Religious Studies scholarship referred to more social scientific approaches to the study of religion, as opposed to the more traditional theological hermeneutics common to the field. Today, however, it seems that everyone claims to do theory and method, including those people who shun social scientific approaches the academic study of religion. As a result, what does it mean to do theory and method in an era where the phrase has no distinct meaning? To help address this question, the North American Association for the Study of Religion (NAASR) addressed the issue of theory at its annual meeting in 2015. Based on what all agreed were productive and rigorous conversations, NAASR returned to the topic at its meeting a year later, where panelists and presenters discussed the issue of method. This volume is a collection of papers presented at the 2016 NAASR meeting, where panelists specifically addressed description, interpretation, comparison, and explanation in Religious Studies scholarship.


Policy Uncertainty in Japan

Policy Uncertainty in Japan

Author: Ms.Elif C Arbatli

Publisher: International Monetary Fund

Published: 2017-05-30

Total Pages: 48

ISBN-13: 1484302362

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We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.


CCCS Selected Working Papers

CCCS Selected Working Papers

Author: Ann Gray

Publisher: Routledge

Published: 2007-11-07

Total Pages: 1121

ISBN-13: 1134346409

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This collection of classic essays focuses on the theoretical frameworks that informed the work of the Centre for Contemporary Cultural Studies at the University of Birmingham, the methodologies and working practices that the Centre developed for conducting academic research and examples of the studies carried out under the auspices of the Centre. This volume is split into seven thematic sections that are introduced by key academics working in the field of cultural studies, and includes a preface by eminent scholar, Stuart Hall. The thematic sections are: Literature and Society Popular Culture and Youth Subculture Media Women's Studies and Feminism Race History Education and Work.


Recognizing Reality—Unification of Official and Parallel Market Exchange Rates

Recognizing Reality—Unification of Official and Parallel Market Exchange Rates

Author: Mr.Simon T Gray

Publisher: International Monetary Fund

Published: 2021-02-05

Total Pages: 45

ISBN-13: 1513568639

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Some central banks have maintained overvalued official exchange rates, while unable to ensure that supply of foreign exchange meets legitimate demand for current account transactions at that price. A parallel exchange rate market develops, in such circumstances; and when the spread between the official and parallel rates is both substantial and sustained, price levels in the economy typically reflect the parallel market exchange rate. “Recognizing reality” by allowing economic agents to use a market clearing rate benefits economic activity without necessarily leading to more inflation. But a unified, market-clearing exchange rate will not stabilize without a supportive fiscal and monetary context. A number of country case studies are included; my thanks to Jie Ren for pulling together all the data for the country case studies, and the production of the charts.


Inflation Expectations

Inflation Expectations

Author: Peter J. N. Sinclair

Publisher: Routledge

Published: 2009-12-16

Total Pages: 402

ISBN-13: 1135179778

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Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.


Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?

Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?

Author: Leandro Medina

Publisher: International Monetary Fund

Published: 2018-01-25

Total Pages: 114

ISBN-13: 1484339177

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We undertake an extended discussion of the latest developments about the existing and new estimation methods of the shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015. Strengths and weaknesses of these methods are assessed and a critical comparison and evaluation of the methods is carried out. The average size of the shadow economy of the 158 countries over 1991 to 2015 is 31.9 percent. The largest ones are Zimbabwe with 60.6 percent, and Bolivia with 62.3 percent of GDP. The lowest ones are Austria with 8.9 percent, and Switzerland with 7.2 percent. The new methods, especially the new macro method, Currency Demand Approach (CDA) and Multiple Indicators Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric standpoint, alongside some new micro estimates. These estimations come quite close to others used by statistical offices or based on surveys.


The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

Author: Reda Cherif

Publisher: International Monetary Fund

Published: 2019-03-26

Total Pages: 79

ISBN-13: 1498305563

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Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.


Remembering J. Z. Smith

Remembering J. Z. Smith

Author: Emily D. Crews

Publisher: Equinox Publishing (UK)

Published: 2020

Total Pages: 280

ISBN-13: 9781781799697

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This volume presents an archive of remembrances of the person and the contributions of the late Jonathan Z. Smith (1938-2017). Section one collects previously unpublished papers from three separate recent scholarly panels (from the American Academy of Religion, the Society of Biblical Literature, and the North American Association for the Study of Religion), in which a wide variety of scholars reflect on the impact Smith had on their own careers and the field at large. Section two includes revised versions of blog posts, many of which appeared shortly after news of Smith's death, in which scholars, journalists, and onetime students of Smith offer a more intimate and personal look at his legacy. The volume closes with the extended transcripts of seven interviews about Smith carried out with those who either trained or worked with him. Taken together, the volume documents the role Smith's work has played in the modern field while providing a basis for further considering the future direction of the field.