Peter Hooper

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This paper evaluates the hypothesis that globalization has increased the role of international factors and decreased the role of domestic factors in the inflation process in industrial economies. Toward that end, we estimate standard Phillips curve inflation equations for 11 industrial countries and use these estimates to test several predictions of the(More)
in Washington, D.C. We would like to extend a very special thanks to Torsten Slok of Deutsche Bank and Michael Feroli of JPMorganChase who tirelessly worked to ensure that we used the right data, used the right econometric results, and simulated the right models. Without either of them, this report would not exist. In addition, James L. Walsh of Citigroup(More)
was one of three economists on the staff of the Federal Open Market Committee. He has been a member of numerous international groups working on international economic and financial issues, including the Financial Stability Forum's Working Group on Highly Lev-Abstract Halving the US current account deficit as a share of GDP is likely to impose a burden of(More)
Note: International Finance Discussion Papers are preliminary materials circulated to stimulate discussion and critical comment. References to International Financial Discussion Papers (other than an acknowledgment that the writer has had access to unpublished material) should be Abstract: This paper studies the sources of economic fluctuations and their(More)
for their substantive contributions to our analysis and Richard Cunniff for editorial assistance. The views expressed here are ours alone and do not necessarily reflect those of the institutions with which we are affiliated.ABSTRACT Countries with high debt loads are vulnerable to an adverse feedback loop in which doubts by lenders lead to higher sovereign(More)
This report describes the first pathologic and immunohistochemical recognition in Australia of a rabies-like disease in a native mammal, a fruit bat, the black flying fox (Pteropus alecto). A virus with close serologic and genetic relationships to members of the Lyssavirus genus of the family Rhabdoviridae was isolated in mice from the tissue homogenates of(More)
contributed to the studies outlined in this paper. Richard Lawrence, Clinical Superintendent of Medicine, Westmead Hospital, provided valuable discussions on clinical aspects and case presentation. Our investigations were supported by the National Health and Medical Research Council and the Ramaciotti Foundations. Plikaytis B. Enzyme-linked immunosorbent(More)
A Bayesian belief network models a joint distribution over variables using a DAG to represent variable dependencies and network parameters to represent the conditional probability of each variable given an assignment to its immediate parents. Existing algorithms assume each network parameter is fixed. From a Bayesian perspective, however, these network(More)