The electrification of international shipping has gained attention from the global maritime industry in an effort to reduce pollution and greenhouse gas emissions. Despite rapidly falling battery prices and improvements in battery technologies, electric vehicles (both marine- and land-based...

This paper develops a dynamic portfolio selection model incorporating economic uncertainty for business cycles. It is assumed that the financial market at each point in time is defined by a hidden Markov model, which is characterized by the overall equity market returns and volatility. The risk...

Using an extended Fama-French model for REIT returns, we examine how the net impact of the COVID-19 pandemic differs from that of recessions. We find that, as anticipated, recessions have a negative net impact on office and residential REIT returns but that the COVID-19 pandemic has a positive...

The rate of incarceration has increased dramatically in the U.S. since 1980. We explore the implications of this increased incarceration on national poverty measurement using micro data for the period 1979-1997. We make use of an as-yet unexplored data set on prisoner earnings, in conjunction...

How do firms adjust prices in the marketplace? Do they tend to adjust prices infrequently in response to changes in market conditions? If so, why? These remain key questions in macroeconomics, particularly for central banks that work to keep inflation low and stable. The authors use the Bank of...

Before effective anti-poverty policy can be designed and implemented, the extent, trend and distribution of poverty must be identified. In this sense, poverty measurement is a crucial intermediate step in public policymaking and development planning. This paper asks whether the estimated...

This paper proposes an alternative formulation for the Sen-Shorrocks index of poverty intensity for survey data with sampling weights, and decomposes the Sen-Shorrocks index into the poverty rate, the average poverty gap ratio among the poor, and the overall Gini index of poverty gap ratios....

This paper uses estimates of the Sen-Shorrocks-Thon measure of poverty intensity in Canadian provinces, and the 95% confidence interval surrounding such estimates, for 1984, 1989 and 1991-1996 to compare Canadian provinces over time and internationally. Coinciding with more general social...