Inside the economist s mind phần 6 potx

... lag estimation. Journal of the American Statistical Association 67 (337), 169 –175. Sims, C.A. (1974) Seasonality in regression. Journal of the American Statistical Association 69 (347), 61 8 62 6. Sims, ... but also that they should have smooth time paths. The data show the slow and smooth cross-variable responses, but not the correspondingly smooth time paths. The stickiness...

Ngày tải lên: 09/08/2014, 19:21

... established him as the economists’ economist by raising the standards of the entire profession. Paul Samuelson s classic textbook, Economics, first published in 1948, is among the most successful ... period through the collaboration of scientists, engineers, military planners and strategists, and social scientists, particularly economists. The kinds of tools and symmetries in anal...

Ngày tải lên: 09/08/2014, 19:21

... overlapping- generations model, as two classes of households. One class can trade assets against the state of the world, while the other can’t because it is born later, so it has to trade just on the spot market. ... militant Marxist economist. When I developed input–output analysis it was as a response to the weaknesses of classical–neoclassical supply-and-demand analysis. It was...

Ngày tải lên: 09/08/2014, 19:21

... East Asian crisis using the same concept to explain the situation there. The relation- ship between the government, banks, and enterprises show signs of the soft-budget-constraint syndrome. The ... laboriously in about 30 pages. The reason for the laboriousness was in part because the theorem was so much against the grain of the teachings of corporate finance the art and...

Ngày tải lên: 09/08/2014, 19:21

... career? Friedman: So far as your questions about economics versus statistics is concerned, you should note that, for the two years before I went to the Statistical Research Group, I was at the U .S. Treasury ... tested and I derived its implications. I tested those implications and, on the whole, they tended to confirm the hypothesis. I suggested additional tests that should be made...

Ngày tải lên: 09/08/2014, 19:21

... by Keynes s flippancies about Marshall and the classics”), handsomely acknowledged wisdoms in The General Theory s approaches in his 1950 Keynes s General Theory: A Retrospective View. I belabor this ... forecasts. No Tom Kuhn case study here at all. Barnett: Let s get back to your own post-19 36 macro hits and misses, beliefs, and evolutions. Samuelson: As in some other answers to thi...

Ngày tải lên: 09/08/2014, 19:21

... his life has been well documented in newspapers and maga- zines: While at the IMF, he was on the front lines during the Mexican crisis, the Russian crisis, the Asian crises, and many others. ... understood since the days of Adam Smith. That is why people worked on growth theory for so long. The other proposition is that recessions don’t really matter because the loss of consum...

Ngày tải lên: 09/08/2014, 19:21

... Economics, better known as EDP, was started in 1978. It has some 120 graduates to date. The first of these, a certain Pierre Dehez, set the standards! One of the indicators of success is that EDP has ... you must listen to people who disagree with us. Take the field exams as soon as possible and then visit some other university or universities before returning to Belgium.” That is the...

Ngày tải lên: 09/08/2014, 19:21

... theory. statistics GAME THEORY chemistry psychology economics . . . . . biology political science . . . mathematics computer science law of the aspects and understands less and less of the others. ... hands with this stuff.” There is no justification for this in the game-theoretic sociology, just as there was no justification for it in the mathematics sociology. Each one of these branch...

Ngày tải lên: 09/08/2014, 19:21

... asked many of the same questions to both, and focused much of the conversation on the issue of whether it is useful to distinguish a Yale school. Thus, the conversations discuss the work of other ... them, whether they are testable. Nowhere else in science does one directly test assumptions; a theory stands or falls by the validity of the conclusions, not of the assumptions. I...

Ngày tải lên: 09/08/2014, 19:21