Inflation and the fiscal limit

We use a rational expectations framework to assess the implications of rising debt in an environment with a “fiscal limit”. The fiscal limit is defined as the point where the government no longer has the ability to finance higher debt levels by increasing taxes, so either an adjustment to fiscal spending or monetary policy must occur to stabilize debt. We give households a joint probability distribution over the various policy adjustments that may occur, as well as over the timing of when the fiscal limit is hit. One policy option that stabilizes debt is a passive monetary policy, which generates a burst of inflation that devalues the existing nominal debt stock. The probability of this outcome places upward pressure on inflation expectations and poses a substantial challenge to a central bank pursuing an inflation target. The distribution of outcomes for the path of future inflation has a fat right tail, revealing that only a small set of outcomes imply dire inflationary scenarios. Avoiding these scenarios, however, requires the fiscal authority to renege on some share of future promised transfers.     

Perceived Organizational Motives and Consumer Responses to Proactive and Reactive CSR

Corporate social responsibility (CSR) has emerged as an effective way for firms to create favorable attitudes among consumers. Although prior research has addressed the direct influence of proactive and reactive CSR on consumer responses, this research hypothesized that consumers’ perceived organizational motives (i.e., attributions) will mediate this relationship. It was also hypothesized that the source of information and location of CSR initiative will affect the motives consumers assign to a firms’ engagement in the initiative. Two experiments were conducted to test these hypotheses. The results of Study 1 indicate that the nature of a CSR initiative influences consumer attribution effects and that these attributions act as mediators in helping to explain consumers’ responses to CSR. Study 2 suggests that the source of the CSR message moderates the effect of CSR on consumer attributions. The mediating influence of the attributions as well as the importance of information source suggests that proper communication of CSR can be a viable way to inculcate positive corporate associations and purchase intentions.     

A Global Mining Corporation and Local Communities in the Lake Victoria Zone: The Case of Barrick Gold Multinational in Tanzania

This case explores a Canadian mining corporation, Barrick Gold Corporation (Barrick), and the way it engages with the local communities that surround its mining activities in the Lake Victoria Zone, Tanzania. Following recent organized tensions within several local communities and heightened criticism from those communities [examples of recent discontent from local communities and workers at Barrick Gold Corp in Tanzania: http://www.protestbarrick.net/article.php?id=214; http://www.protestbarrick.net/article.php?list=type&type=12; http://www.reuters.com/article/marketsNews/idUSN1247233520081212; http://www.corpwatch.org/article.php?id=15263; http://www.miningwatch.ca/index.php?/Tanzania_en/What_Really_Happened (accessed Feb- ruary 25, 2009)], as well as from local media, social lobbyists, and local not-for-profit organizations (NFOs), the case examines the way Barrick has responded to this situation by implementing global corporate social responsibility (CSR) policies in an attempt to strike a balance between its international business capabilities and its localization strategies. In spite of these efforts, tension between Barrick and the local communities within the company??s zone of operations has not abated. This issue has left Barrick??s senior management wondering what more the company could reasonably do to resolve the situation.     

Customer Centric Company

Literaturhinweise

Customer centric company     

Applications of amine gelling agents in fire technology

A novel gelatin system for use in oil spills at sea provides rapid immobilization of liquids upon demand.     

中国乡城流动人口社会网络复杂性特征分析

借助社会网络等非正式制度方式实现再社会化是乡城流动人口融入城市生活的主要途径之一。对流动人口社会网络的分析不仅可以揭示其网络结构特点,也将为进一步研究流动人口再社会化过程提供理论基础。采用深圳市流动人口专项调查中的整体网络数据,借助复杂性科学,尤其是复杂网络的研究方法,系统分析了乡城流动人口社会支持网络与讨论网络的复杂性特征。在乡城流动人口社会网络中广泛存在小世界现象和无标度特性等复杂网络特征。复杂性科学可以为分析诸如乡城流动人口这样的复杂系统提供有效方法,也是拓展复杂性科学,尤其是复杂网络应用领域的有益尝试。