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Avoiding Nash Inflation
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Book Synopsis Avoiding Nash Inflation by : Robert J. Tetlow
Download or read book Avoiding Nash Inflation written by Robert J. Tetlow and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Palgrave Handbook of Econometrics by : Terence C. Mills
Download or read book Palgrave Handbook of Econometrics written by Terence C. Mills and published by Springer. This book was released on 2009-06-25 with total page 1406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following theseminal Palgrave Handbook of Econometrics: Volume I , this second volume brings together the finestacademicsworking in econometrics today andexploresapplied econometrics, containing contributions onsubjects includinggrowth/development econometrics and applied econometrics and computing.
Book Synopsis The Reliability of Inflation Forecasts Based on Output Gap Estimates in Real Time by : Athanasios Orphanides
Download or read book The Reliability of Inflation Forecasts Based on Output Gap Estimates in Real Time written by Athanasios Orphanides and published by . This book was released on 2005 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A stable predictive relationship between inflation and the output gap, often referred to as a Phillips curve, provides the basis for countercyclical monetary policy in many models. In this paper, we evaluate the usefulness of alternative univariate and multivariate estimates of the output gap for predicting inflation. Many of the ex post output gap measures we examine appear to be quite useful for predicting inflation. However, forecasts using real-time estimates of the same measures do not perform nearly as well. The relative usefulness of real-time output gap estimates diminishes further when compared to simple bivariate forecasting models which use past inflation and output growth. Forecast performance also appears to be unstable over time, with models often performing differently over periods of high and low inflation. These results call into question the practical usefulness of the output gap concept for forecasting inflation"--Abstract.
Book Synopsis Inflation Targeting and Fiscal Rules by : Jean-Louis Combes
Download or read book Inflation Targeting and Fiscal Rules written by Jean-Louis Combes and published by International Monetary Fund. This book was released on 2014-05-28 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature, interactions between FR and IT matter a great deal for policy outcomes. Specifically, the combination of FR and IT appears to deliver more disciplined macroeconomic policies than each of these institutions in isolation. In addition, the sequencing of the monetary and fiscal reforms plays a role: adopting FR before IT delivers stronger results than the reverse sequence.
Download or read book Robustness written by Lars Peter Hansen and published by Princeton University Press. This book was released on 2016-06-28 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.
Book Synopsis NBER Macroeconomics Annual 2005 by : Kenneth S. Rogoff
Download or read book NBER Macroeconomics Annual 2005 written by Kenneth S. Rogoff and published by MIT Press. This book was released on 2006-04 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 20th NBER Macroeconomics Annual, covering questions at the cutting edge of macroeconomics that are central to current policy debates.
Book Synopsis Time and Space in Economics by : T. Asada
Download or read book Time and Space in Economics written by T. Asada and published by Springer Science & Business Media. This book was released on 2007-05-31 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: In August 2005, a small but important conference took place at Chuo University in Tokyo, Japan. The Chuo Meeting on Economics of Time and Space 2005 (Chuo METS 05) aimed to enrich the respective disciplines of the economics of time (dynamic economics) and the economics of space (spatial economics) and to expand their applicability in the real world. The chapters contained herein are based on the papers presented at that conference.
Book Synopsis Inflation Scares and Forecast-based Monetary Policy by : Athanasios Orphanides
Download or read book Inflation Scares and Forecast-based Monetary Policy written by Athanasios Orphanides and published by . This book was released on 2003 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :World Institute for Development Economics Research Publisher :MIT Press ISBN 13 :9780262022798 Total Pages :452 pages Book Rating :4.0/5 (227 download)
Book Synopsis Inflation Stabilization by : World Institute for Development Economics Research
Download or read book Inflation Stabilization written by World Institute for Development Economics Research and published by MIT Press. This book was released on 1988 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel in 1985-86, and discusses the possibility of such a program in Mexico. It documents the initial steps in stabilization as well as the reasons for failure.As architects of the programs, several of the authors are in key positions to assess which aspects were critical in getting the programs accepted and where to look for difficulties and failures. In Israel, inflation was halted without recession. The challenge to policy makers today is in shifting from stabilization to the revival of sustained growth. This experience is described fully by Michael Bruno and Sylvia Piterman, who examine the critical issue of exchange rates, and by Alex Cukierman, who uses modeling to analyze the interaction of money, wages, prices, and activity under rational expectations that take the government's policy objectives into account.Endemic inflation and a sudden increase in external debt burden Argentina's economy, raising the wider issues of high inflation economies and stabilization that are discussed in the chapter by José Luis Machinea and that by Guido Di Tella and Alfredo Canavese.Eduardo Modiano and Mario Simonsen take up issues of wages in Brazil, particularly the problem of finding an equitable way to deal with a wage freeze; Simonsen develops an ambitious game theoretic rationalization of incomes policy as a coordinating device for imperfectly competitive economies. Bolivia did reach hyperinflation (price increases of more than 50 percent each month) before stabilizing. Juan Antonio Morales shows how stabilizing the exchange rate, in an economy where all pricing was already geared to the dollar, achieved stabilization without a wage or price freeze. And Francisco Gil Diaz asks whether an incomes-policy based program could work to control ever increasing inflation in Mexico.
Book Synopsis Inflation, Employment and Business Fluctuations by : Bozzano G Luisa
Download or read book Inflation, Employment and Business Fluctuations written by Bozzano G Luisa and published by Elsevier. This book was released on 2000-11-16 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Textbook on Macroeconomic Knowledge and Analysis
Book Synopsis Gestation Lags and the Relationship Between Investment and Q in Regressions by : Jonathan N. Millar
Download or read book Gestation Lags and the Relationship Between Investment and Q in Regressions written by Jonathan N. Millar and published by . This book was released on 2005 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monetary Policy and the Yield Curve by : Antúlio Neves Bomfim
Download or read book Monetary Policy and the Yield Curve written by Antúlio Neves Bomfim and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Yesterday's Bad Times are Today's Good Old Times by : Alan Kackmeister
Download or read book Yesterday's Bad Times are Today's Good Old Times written by Alan Kackmeister and published by . This book was released on 2005 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper compares nominal price rigidity in retail stores during two 28-month periods: 1889- 1891 and 1997-1999. The 1889-1891 microdata price quotes show: 1. a lower frequency of price changes; 2. a smaller average magnitude of price changes; 3. fewer "small" price changes; and, 4. fewer temporary price reductions. These differences are consistent with the 1889-1891 period having a higher cost of changing prices resulting in less adjustment to transitory price shocks. Changes in the retailing environment that may have led to a higher cost of changing prices in 1889-1891 are discussed."
Book Synopsis Market Structure and Quality by : Astrid A. Dick
Download or read book Market Structure and Quality written by Astrid A. Dick and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Branch Banking, Bank Competition, and Financial Stability by : Mark Carlson
Download or read book Branch Banking, Bank Competition, and Financial Stability written by Mark Carlson and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Do Liquidity Constraints Matter for New Entrepreneurs? by : Kevin Moore
Download or read book Do Liquidity Constraints Matter for New Entrepreneurs? written by Kevin Moore and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Numerous studies have found a positive relationship between wealth and entering entrepreneurship, and interpret this as evidence of the existence of liquidity constraints. However, recent research has shown that the relationship between wealth and entering entrepreneurship may be non-linear and only significant for high-wealth households; this result cannot be interpreted as evidence of liquidity constraints. Using data from the SCF, we construct a proxy for wealth based on the household's home equity wealth at the time of the entrepreneurial decision. The results provide further evidence that the relationship between wealth and entering entrepreneurship is only significant for high-wealth households and that liquidity constraints do not appear to bind for the majority of new entrepreneurs. Possible explanations for the relationship between wealth and becoming an entrepreneur include lower risk aversion and differences in the types of businesses started by high-wealth households"--Federal Reserve Board web site.
Book Synopsis The Decline in Household Saving and the Wealth Effect by :
Download or read book The Decline in Household Saving and the Wealth Effect written by and published by . This book was released on 2004 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: