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NBER Macroeconomics Annual 1996

NBER Macroeconomics Annual 1996 PDF Author: Ben Bernanke
Publisher: MIT Press (MA)
ISBN: 9780262024143
Category : Business & Economics
Languages : en
Pages : 407

Book Description
This is the 11th volume in a series of annuals from the National Bureau of Economic Research that are designed to present, extend and apply work in macroeconomics, and to encourage and stimulate work by macroeconomists on policy issues. These contributions offer a sample of the issues and research directions in macroeconomics.

NBER Macroeconomics Annual 1996

NBER Macroeconomics Annual 1996 PDF Author: Ben Bernanke
Publisher: MIT Press (MA)
ISBN: 9780262024143
Category : Business & Economics
Languages : en
Pages : 407

Book Description
This is the 11th volume in a series of annuals from the National Bureau of Economic Research that are designed to present, extend and apply work in macroeconomics, and to encourage and stimulate work by macroeconomists on policy issues. These contributions offer a sample of the issues and research directions in macroeconomics.

NBER Macroeconomics Annual 1995

NBER Macroeconomics Annual 1995 PDF Author: Ben S. Bernanke
Publisher: MIT Press
ISBN: 9780262522052
Category : Business & Economics
Languages : en
Pages : 364

Book Description
Contents : Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe BErtola and Andreas Ichino. Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo. Banks and Derivatives, Gary Gorton and Richard Rosen. Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh. Inflation Indicators and Inflation Policy, Stephen Cecchetti. Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh. Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen. The Unending Quest for Monetary Salvation, Stanley Fischer.

Coordination and Information

Coordination and Information PDF Author: Naomi R. Lamoreaux
Publisher: University of Chicago Press
ISBN: 0226468585
Category : Business & Economics
Languages : en
Pages : 348

Book Description
Case studies that examine how firms coordinate economic activity in the face of asymmetric information—information not equally available to all parties—are the focus of this volume. In an ideal world, the market would be the optimal provider of coordination, but in the real world of incomplete information, some activities are better coordinated in other ways. Divided into three parts, this book addresses coordination within firms, at the borders of firms, and outside firms, providing a picture of the overall incidence and logic of economic coordination. The case studies—drawn from the late nineteenth and early twentieth century, when the modern business enterprise was evolving, address such issues as the relationship between coordination mechanisms and production techniques, the logic of coordination in industrial districts, and the consequences of regulation for coordination. Continuing the work on information and organization presented in the influential Inside the Business Enterprise, this book provides material for business historians and economists who want to study the development of the dissemination of information and the coordination of economic activity within and between firms.

Nber Macroeconomics Annual 1997

Nber Macroeconomics Annual 1997 PDF Author: Ben S. Bernanke
Publisher: MIT Press
ISBN: 9780262522427
Category : Macroeconomics
Languages : en
Pages : 372

Book Description


NBER Macroeconomics Annual 1998

NBER Macroeconomics Annual 1998 PDF Author: Ben Bernanke
Publisher: MIT Press
ISBN: 9780262522564
Category : Business & Economics
Languages : en
Pages : 438

Book Description
The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

NBER Macroeconomics Annual 1996

NBER Macroeconomics Annual 1996 PDF Author: Ben S. Bernanke
Publisher: MIT Press
ISBN: 9780262522229
Category : Business & Economics
Languages : en
Pages : 420

Book Description
This is the eleventh volume in a series of annuals from the National Bureau of Economic Research that are designed to present, extend, and apply frontier work in macroeconomics, and to encourage and stimulate work by macroeconomists on current policy issues. These contributions offer a good sample of the current issues and exciting research directions in macroeconomics. Contents Credit, Business Investment, and Output Fluctuations in Japan, Nobuhiro Kiyotaki and Kenneth D. West * Causes and Consequences of Imperfections in the Consumer Price Index, Matthew D. Shapiro and David Wilcox * A Scorecard for Indexed Government Debt, John Y. Campbell and Robert J. Shiller * Technology Improvements and Productivity Slowdowns: Another Crazy Explanation, Andreas Hornstein and Per Krusell * Are Currency Crises Self-Fulfilling?, Paul Krugman * Inequity and Growth, Roland Benabou

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence PDF Author: Ajay Agrawal
Publisher: University of Chicago Press
ISBN: 0226833127
Category : Business & Economics
Languages : en
Pages : 172

Book Description
A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Inflation Crises and Long-run Growth

Inflation Crises and Long-run Growth PDF Author: Michael Bruno
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 64

Book Description
Recent literature suggests that long-run averages of growth and inflation are only weakly correlated and such correlation is not robust to exclusion of extreme inflation observations; inclusion of time series panel data has improved matters, but an aggregate parametric approach remains inconclusive. We propose a nonparametric definition of high inflation crises as periods when inflation is above 40 percent annually. Excluding countries with high inflation crises, we find no evidence of any consistent relationship between growth and inflation at any frequency. However, we find that growth falls sharply during discrete high inflation crises, then recovers surprisingly strongly after inflation falls. The fall in growth during crisis and recovery of growth after crisis tend to average out to close to zero (even slightly above zero), hence the lack of a robust cross-section correlation. Our findings could be consistent either with trend stationarity of output, in which inflation crises are purely cyclical phenomena, or with models in which crises have a favorable long-run purgative effect. Our findings do not support the view that reduction of high inflation carries heavy short-to-medium run output costs.

NBER Macroeconomics Annual 2005

NBER Macroeconomics Annual 2005 PDF Author: Kenneth S. Rogoff
Publisher: MIT Press
ISBN: 0262072726
Category : Business & Economics
Languages : en
Pages : 479

Book Description
The 20th NBER Macroeconomics Annual, covering questions at the cutting edge of macroeconomics that are central to current policy debates.

NBER Macroeconomics Annual 2018

NBER Macroeconomics Annual 2018 PDF Author: Martin Eichenbaum
Publisher: University of Chicago Press Journals
ISBN: 9780226645728
Category : Business & Economics
Languages : en
Pages : 0

Book Description
This volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equilibrium. The second explores the aggregate risk of the U.S. financial sector, and in particular whether it is safer now than before the 2008 financial crisis. The third analyzes “factorless income,” output that is not measured as capital or labor income. Next, a study argues that the financial crisis increased the perceived risk of a very bad economic and financial outcome, and explores the propagation of large, rare shocks. The next paper documents the substantial recent changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000. The last paper analyzes the dynamic macroeconomic effects of border adjustment taxes.