Qualitatively, it is shown that a bias arises and that it depends on a set of specific assumptions within the particular model. Quantitatively, it is shown that the size of the bias is relevant only in the case where the Lucas critique is ignored.Marcelo...
Journal of Macroeconomics, 30: 604-629.Stephen J Turnovsky."The Role of Factor Substitution in the Theory of Economic Growth and Income Distribution: Two Examples.". Journal of Macromarketing . 2008The role of factor substitution in the theory of economic growth and income distribution: Two ...
F Rodríguez,D Rodrik - 《Nber/macroeconomics Annual》 被引量: 5306发表: 2000年 Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment This study reviews the importance of the bilateral economic relationship between the EU and US. It integrates NTB estimates, based on gravit...
Cite two examples each of explicit and non-explicit principal-agent relationships. Agent: An agent can either be an employee, a partner, or an entity, which includes an outsourcing company or an accounting firm. The authorization signed by the a...
CLEP Principles of Macroeconomics Study Guide and Exam Prep Intro to Excel: Essential Training & Tutorials CSET Business Subtest II Study Guide and Test Prep CSET Business Subtest I Study Guide and Test Prep CSET Business Subtest III Study Guide and Test Prep Business 110: Business Math High...
As these examples show, museums are reaching out to new audiences, particularly the young, the poor, and the less educated members of the population. As a result, attendance is interesting. Many museums have changed in appearance. Some of the old, gray museums have been rebuilt, and the ...
Macroeconomics at Yonsei University (2009), as well as seminar participants at ASU, Autonoma de Barcelona, Bonn, the Deutsche Bundesbank, Frankfurt, Humboldt University, Köln, Luxembourg, Mannheim, the San Francisco FED, Southampton, Toronto, UCLA, University of Pennsylvania, Western Ontario, and ...
Neoclassical growth modelStability crossing curveTwo fixed delays"Delay" has been considered as one of destabilizing factors in economic dynamics for a long time. Dynamic macroeconomics is concerned with explaining growth and fluctuations. This paper shows how various dynamics involving cyclic fluctuations...
We present the efficient transfer matrix method that solves the problem and test it on simple synthetic examples to demonstrate its properties and usefulness compared with the standard running-time cross-correlation method. We then apply our 'optimal thermal causal path' method to the question of ...
In international macroeconomics, the concept of the impossible trinity, developed by Mundell (1960, 1963) [1,2] and Fleming (1962) [3], states that it is not possible for an economy to simultaneously maintain monetary policy independence, exchange rate stability, and free access to international...