The aim of this paper is to evaluate the impact of monetary policy in tests of the Expectations Hypothesis of the term structure of interest rates. We apply the model developed by McCallum (1994b), in which the Expectations Hypothesis interacts with a policy reaction function and with a time-varying term premium, to eight countries with different monetary policy stances, within the period 1985 ...

E characteristically forthright terms. Robyn McCallum articulates her intention in writing Ideologiesofldentity 'nAdolescent Fiction: to 'examine the representation of dialogic conceptions of subjectivity in adolescent and children's fiction using a Bakhtinian approach to subjectivity • language and narrative' (p. 3). The measure of McCallum's success lies in the important insights which she pr...

We often use delegation as a commitment device if a government faces problems of timeinconsistency. McCallum (1995, AER P&P) challenged this practice, claiming that delegation merely relocates the commitment problem but does not solve it. In a model where delegation and specific policies are subject to the same commitment technology it is shown that McCallum’s conjecture holds if optimal ex-ant...

This paper introduces a relational function approximation technique based on McCallum’s UTree algorithm (McCallum, 1995). We have extended the original approach to handle relational observations using an attribute graph of observable objects and relationships (McGovern et al., 2003). Furthermore, we address the inherent challenges that arise with a relational representation. We use stochastic s...

this paper considers the automatic design of fuzzy rule-basedclassification systems based on labeled data. the classification performance andinterpretability are of major importance in these systems. in this paper, weutilize the distribution of training patterns in decision subspace of each fuzzyrule to improve its initially assigned certainty grade (i.e. rule weight). ourapproach uses a punish...

This paper looks at the task of predicting word association strengths across three datasets; WordNet Evocation (BoydGraber et al., 2006), University of Southern Florida Free Association norms (Nelson et al., 2004), and Edinburgh Associative Thesaurus (Kiss et al., 1973). We achieve results of r = 0.357 and ρ = 0.379, r = 0.344 and ρ = 0.300, an ρ = 0.292 and ρ = 0.363, respectively. We find Wor...

marine systems? Hamish I. McCallum, Armand Kuris, C. Drew Harvell, Kevin. D. Lafferty, Garriet W. Smith and James Porter Department of Zoology and Entomology, The University of Queensland, Brisbane, Qld 4072, Australia Department of Ecology, Evolution and Marine Biology, University of California, Santa Barbara, CA 93106, USA Department of Ecology and Evolutionary Biology, E-321 Corson Hall, Cor...