This paper estimates the monetary return to quality in U.S. graduate education, controlling for cognitive ability and self-selection across award level, program quality, and field-of-study. In most program types, I cannot reject the hypothesis of no returns to either degree completion or program quality. Important exceptions include master’s programs in health science, where completion substant...

We test the existence and reveal main properties of commonality in liquidity for foreign exchange (FX) markets at high-frequency level. Accordingly, FX exists even level it has been gradually increasing over last few years. Moreover, increases significantly before (after) ECB (Fed) monetary policy announcements. Finally, a significant positive impact on return series, indicating that an increas...

Six cowpea genotypes (Danila, IT96D-772, IT90K-277-2, IT95K-1091-3, IT96D-740, IT96D-757) were intercropped with a local millet cultivar using four row arrangements (1:1, 1:2, 2:2 and 2:4 millet to cowpea rows) in a field experiment conducted at Minjibir near Kano in the Sudan savanna ecological zone of Nigeria during the 1999 and 2000 wet seasons. Cowpea genotypes and row arrangement had no ef...

The authors introduce a comprehensive revision of the Divisia monetary aggregates for the United States published by the Federal Reserve Bank of St. Louis, referred to as the Monetary Services Indexes (MSI). These revised MSI are available at five levels of aggregation, including a new broad level of aggregation that includes all of the assets currently reported on the Federal Reserve’s H.6 sta...

a r t i c l e i n f o This paper constructs a quarterly series of GDP deflator inflation for China from 1979 to 2009 and tests for a structural break with an unknown change point in the dynamic inflation process. Empirical results suggest a significant structural change in inflation persistence. Employing a counterfactual simulation method, we show that the structural change is primarily attrib...

This study examined the effect of international liquidity channels on profitability quoted commercial banks in Nigeria. The objective was to examine direction which channel affects profitability. Return equity used as dependent variable while Monetary policy proxy by percentage net foreign assets, financial market portfolio investment, trade Nigeria terms trade, capital mobility direct investme...

Accounting for Imputed and Capital Income Flows in Income Inequality Analyses Using representative and consistent microdata from the German Socio-Economic Panel Study (SOEP) from 1985-2007, we illustrate that capital income (CI = return on financial investments) and imputed rent (IR = return on investments in owner-occupied housing) have become increasingly important sources of economic inequal...