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Forecasting Non-stationary Economic Time Series

Forecasting Non-stationary Economic Time Series PDF Author: Michael P. Clements
Publisher: MIT Press
ISBN: 9780262531894
Category : Business & Economics
Languages : en
Pages : 398

Book Description
This text on economic forecasting asks why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to forecasting, it looks at the implications for causal modelling, presents forecast errors and delineates sources of failure.

Forecasting Non-stationary Economic Time Series

Forecasting Non-stationary Economic Time Series PDF Author: Michael P. Clements
Publisher: MIT Press
ISBN: 9780262531894
Category : Business & Economics
Languages : en
Pages : 398

Book Description
This text on economic forecasting asks why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to forecasting, it looks at the implications for causal modelling, presents forecast errors and delineates sources of failure.

Humanistic Ethics in the Age of Globality

Humanistic Ethics in the Age of Globality PDF Author: C. Dierksmeier
Publisher: Springer
ISBN: 0230314139
Category : Business & Economics
Languages : en
Pages : 504

Book Description
Cultures and moral expectations differ around the globe, and so the management of corporate responsibilities has become increasingly complex. Is there, however, a humanistic consensus that can bridge cultural and ethnic divides and reconcile the diverse and contrary interests of stakeholders world-wide? This book seeks to answer that question.

Principles of Political Economy

Principles of Political Economy PDF Author: John Stuart Mill
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 632

Book Description


From Uneconomic Growth to a Steady-State Economy

From Uneconomic Growth to a Steady-State Economy PDF Author: Herman E. Daly
Publisher: Edward Elgar Publishing
ISBN: 1783479973
Category : Business & Economics
Languages : en
Pages : 266

Book Description
øEditorial-style policy essays substantiate Daly�s argument and he provides specific application of steady-state economics to important current issues, including monetary reform, tax reform, international trade and population. The book also includes di

Handbook of Research on Theory and Practice of Global Islamic Finance

Handbook of Research on Theory and Practice of Global Islamic Finance PDF Author: Rafay, Abdul
Publisher: IGI Global
ISBN: 1799802205
Category : Business & Economics
Languages : en
Pages : 888

Book Description
As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.

Enough Is Enough

Enough Is Enough PDF Author: Rob Dietz
Publisher: Routledge
ISBN: 0415820936
Category : Business & Economics
Languages : en
Pages : 248

Book Description
This powerful book sets out arguments and an agenda of policy proposals for achieving a sustainable and prosperous, but non-growing economy, also known as a steady-state economy. The authors describe a plan for solving the major social and environmental problems which face us today on a finite planet with a rapidly growing population.

John Stuart Mill on History

John Stuart Mill on History PDF Author: Jay M. Eisenberg
Publisher: Rowman & Littlefield
ISBN: 1498563961
Category : History
Languages : en
Pages : 247

Book Description
Though Mill has been the subject of an imposing volume of scholarship, his philosophy of history has received scant attention. This inquiry considers the role of history in Mill’s break from the Benthamite radicals, his effort to define a methodology for the study of society modelled on the natural sciences, and his speculations about the course and meaning of history. A dominant theme is Mill’s struggle to reconcile his ambition to develop a comprehensive science of society with his convictions that human nature is malleable and that history progresses as a consequence of intellectual achievement and diversity of beliefs. Mill’s compatibilist vision of the individual as driven by deterministic psychological laws and as also capable of freely choosing a life of autonomous “self-culture” was mirrored in his philosophy of history, as Mill retained the materialistic stadial theory of social development proposed during the Scottish Enlightenment, and an idealistic vision of history derived from the Saint-Simonians, Guizot and Comte. Though Mill claimed the primacy of the intellect in advancing material living conditions, he believed that the culmination of instrumental rationalism in his own Age of Commerce was undermining and marginalizing other forms of individual accomplishment—indeed, individuality itself—in the suffocating conformity of mass culture. Mindful of what he considered to be the culturally stationary states of Asia, Mill dreaded the prospect that a commercial culture with no higher ambition than the acquisition of ever-greater wealth would also become inert as the consequence of overbearing social conventions and intellectual stagnation. Like Smith and Ricardo, Mill anticipated the inevitability of the economically stationary state as the consequence of the fall in the rate of profits under free market capitalism, but rather than await its arrival, Mill seized on its possibilities. The stationary state became Mill’s vehicle for advocating an egalitarian supra-subsistence economy in the expectation that cultural priorities would shift to the pursuit of higher moral, intellectual and aesthetic aspirations, and the revitalization of individual autonomy.

Knowledge and Power

Knowledge and Power PDF Author: George Gilder
Publisher: Regnery Publishing
ISBN: 1621570274
Category : Political Science
Languages : en
Pages : 370

Book Description
Ronald Reagan’s most-quoted living author—George Gilder—is back with an all-new paradigm-shifting theory of capitalism that will upturn conventional wisdom, just when our economy desperately needs a new direction. America’s struggling economy needs a better philosophy than the college student's lament: "I can't be out of money, I still have checks in my checkbook!" We’ve tried a government spending spree, and we’ve learned it doesn’t work. Now is the time to rededicate our country to the pursuit of free market capitalism, before we’re buried under a mound of debt and unfunded entitlements. But how do we navigate between government spending that's too big to sustain and financial institutions that are "too big to fail?" In Knowledge and Power, George Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and its growth. Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, and the blunt power of government on the other. The knowledge of entrepreneurs, and their freedom to share and use that knowledge, are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize or suppress knowledge and ideas is the inertia that slows those gears down, or keeps them from turning at all. One of the twentieth century’s defining economic minds has returned with a new philosophy to carry us into the twenty-first. Knowledge and Power is a must-read for fiscal conservatives, business owners, CEOs, investors, and anyone interested in propelling America’s economy to future success.

Introduction to Modern Economic Growth

Introduction to Modern Economic Growth PDF Author: Daron Acemoglu
Publisher: Princeton University Press
ISBN: 1400835771
Category : Business & Economics
Languages : en
Pages : 1009

Book Description
From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: [email protected]

Stabilizing an Unstable Economy

Stabilizing an Unstable Economy PDF Author: Hyman P. Minsky
Publisher: McGraw Hill Professional
ISBN: 0071593004
Category : Business & Economics
Languages : en
Pages : 433

Book Description
“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.