Inside the economist s mind phần 7 pptx
Inside the economist s mind phần 7 pptx
... his life has been well documented in newspapers and maga-zines: While at the IMF, he was on the front lines during the Mexicancrisis, the Russian crisis, the Asian crises, and many others. ... understoodsince the days of Adam Smith. That is why people worked on growththeory for so long. The other proposition is that recessions don’t reallymatter because the loss of consumer surplus ... Interview with Stanley Fischer 2 67 an assistant professor at the Chicago Business School. I also talked a lotto Rudi Dornbusch and served on his thesis committee, and wrote a fewpapers with Jacob...
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Inside the economist s mind phần 5 pptx
... hostile 1936 review of The General Theory (occasioned much byKeynes s flippancies about Marshall and the classics”), handsomelyacknowledged wisdoms in The General Theory s approaches in his ... later argued the merits of Keynes s subtle intuitions and downplayed the various (identical!) mathematical versions of The General Theory. The so-called 19 37 Hicks or later Hicks–Hansen IS–LM diagram ... (1939) is justly famous, as is the Solow–Samuelson presentationof the Phillips Curve (1960) to the world. He is also famous for popular-izing, along with Allais, the “overlapping generations” model...
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inside the economist s mind phần 7 doc
... that was because we were dealing simul-taneously with the Indonesian crisis, which was at its height at the sametime. The Russian crisis was particularly dramatic. We saw the storm cloudsgathering, ... Peterson, at Michigan, stressed this, but it was also my physicsprofessors that stressed to me the importance of units of measurement.We write most of our long-term contracts in terms of dollars, ... on this is interesting: The first person topropose the compensated dollar was Simon Newcomb, an astronomer,in the 1 87 0s [Newcomb (1 879 )]. He was an expert on systems ofmeasurement.And then...
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Inside the economist s mind phần 1 pdf
... 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 ... to see that the history of economics is not just the history told by the research scientists themselves, but it is a history of the import and impact of ideas (see Bernstein 2001).In this passage ... articles in professionaljournals.Paul A. Samuelson was the first American to win the Nobel Prize inEconomics. He is Professor Emeritus of Economics and Institute Pro-fessor at the Massachusetts...
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Inside the economist s mind phần 2 pdf
... overlapping-generations model, as two classes of households. One class can tradeassets against the state of the world, while the other can’t because it isborn later, so it has to trade just on the spot market. ... militant Marxist economist. When Ideveloped input–output analysis it was as a response to the weaknessesof classical–neoclassical supply-and-demand analysis. It was terribly dis-jointed essentially, ... him to discuss mod-ern macroeconomics and the influence his work has had on itsdevelopment. We edited out someparts of the discussion in the interests of space, but what re-mains is essentially...
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Inside the economist s mind phần 3 pps
... East Asiancrisis 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 ... 1956; it was my graduate thesis.Blanchard: Did you choose the topic yourself? Did you have a thesisadviser?Kornai: I did choose the topic myself. I had a thesis adviser; ProfessorTam s Nagy, ... in the crusade to bring the truth to the heathens. The theorem, which by now is well known, was proven very laboriouslyin about 30 pages. The reason for the laboriousness was in part becausethe...
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Inside the economist s mind phần 4 pps
... career?Friedman: So far as your questions about economics versus statistics isconcerned, 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 to test the hypothesis. ... very well, the consumers in Europe are suffering, the con-sumers in the United States are getting a good deal, and the opposite istrue for the producers in the United States. And there s very little...
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Inside the economist s mind phần 6 potx
... lagestimation. Journal of the American Statistical Association 67( 3 37) , 169– 175 .Sims, C.A. (1 974 ) Seasonality in regression. Journal of the American StatisticalAssociation 69(3 47) , 618–626.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 paper showed howyou could ... and hisinfluence got the work some attention, but it s true that most economistsfound these methods hard to follow.Hansen: Your first job was as an assistant professor at Harvard. Whatwas it...
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Inside the economist s mind phần 8 ppsx
... Economics, better known as EDP, was started in 1 978 . Ithas some 120 graduates to date. The first of these, a certain PierreDehez, set the standards! One of the indicators of success is that EDPhas ... you must listen to people who disagree with us. Take the field exams as soon as possible and then visit some other university oruniversities before returning to Belgium.”That is the best advice ... Lucas s Critiquewas to urge applied macroeconomists and econometricians to developways to implement those cross-equation restrictions. His paper had threeexamples. What transcends them is their...
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Inside the economist s mind phần 9 ppt
... theory.statisticsGAMETHEORYchemistrypsychologyeconomics. . . . .biologypolitical science. . .mathematicscomputer sciencelawof the aspects and understands less and less of the others. ... Labs, I wasable to say, “This sounds a little bit like what Nash was telling us; let s examine it from that point of view.” So I started studying game theory; the rest is history, as they say.Hart: ... as RAs. It was a thrill teaching classes to suchstudents. Often I knew less than the students I was “teaching.” Ourphilosophy at Minnesota was that we teachers were just more experi-enced students.One...
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