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Air quality data for Cleveland, Ohio, for the period of 1967 to 1971 have been collated and subjected to statistical analysis. Total suspended particulate is clearly lognormally distributed, while sulfur dioxide and nitrogen dioxide are reasonably approximated by lognormal distributions. Only sulfur dioxide, in some residential neighborhoods, meets Ohio air quality standards. Air quality has definitely improved in the industrial valley, while in the rest of the city, only sulfur dioxide has shown consistent improvement. A pollution index is introduced which displays directly the degree to which the environmental air conforms to mandated standards.
An analysis of the political economy, social development and history of Cleveland from 1796 to the present. As one of the oldest communities in the United States, the author looks at it as a model of transformation for other industrial cities.
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
This Reader presents a selection of articles from Economic Development Quarterly, the premier journal for practitioners and academics of local economic development. The pieces chosen cover both the breadth and the cutting edge of real world economic development practices.