Author: Pedro H. AlbuquerquePublisher:
ISBN:
Category :
Languages : en
Pages : 160
Book Description
Three Essays on Time Series Macroeconomics
Author: Pedro H. AlbuquerquePublisher:
ISBN:
Category :
Languages : en
Pages : 160
Book Description
Three Essays in Time-series Macroeconomics
Author: Junichiro IshidaPublisher:
ISBN:
Category :
Languages : en
Pages : 102
Book Description
The second chapter of the thesis considers the negative correlation between inflation and the average propensity to consume in the U.S. economy. While many explanations are offered for this observation, it is hard to be reconciled within the framework of a rational expectations model. In this paper, however, we argue that this correlation can be derived as an implication of the permanent income hypothesis. This conjecture is tested by identifying the dynamic response of consumption to different types of shock. The data show that this interpretation is largely consistent. This procedure also allows us to identify transitory consumption and the source of the failure of the permanent income hypothesis.
Three Essays in Macroeconomics
Author: Ruey YauThree Essays Involving Time Series Analysis
Author: Jeffrey Harris DorfmanPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 218
Book Description
Three Essays on Empirical Macroeconomics
Author: Chung-Eun LeeThree Essays on Empirical Macroeconomics
Author: Christopher C. DouglasPublisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 390
Book Description
Three Essays on Time Series Inference and Forecasting
Author: Jason J. WuThe Theory of Money and Financial Institutions
Author: Martin ShubikPublisher: MIT Press
ISBN: 9780262693110
Category : Business & Economics
Languages : en
Pages : 472
Book Description
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Three Essays on the Macroeconomic Effects of International Capital Flows
Author: Shibeshi Ghebre KahsayPublisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 298
Book Description
Author: William Osterberg