inside the economist s mind phần 2 ppsx
inside the economist s mind phần 2 ppsx
... 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. ... out someparts of the discussion in the interests of space, but what re-mains is essentially unedited. Asmost readers will know, DavidCass has collaborated extensivelywith Karl Shell over the ... Wrightbusiness school; even though they had a Master in Business Administra-tion program, it was just not a traditional business school.MD: This would have been around 1970?Cass: Yes, this was in...
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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 8 ppsx
... Economics, better known as EDP, was started in 1978. 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 ... col-lected papers, Essays on Economic Decisions Under Uncertainty, consists ofseveral parts: individual as well as public decisions, market equilibrium, con-sumer as well as producer decisions, human...
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inside the economist s mind phần 8 ppsx
... for the model and data set at hand. Presumably, they impose onlya subset of the moment conditions because they trust some aspects oftheir model more than others. This is a type of robustness ... calibration the answer to?Sargent: The best answer I know is contained in work by Hansen andothers on GMM. They show the sense in which GMM is the best way toestimate trusted features of a less than ... Economics, better known as EDP, was started in 1978. 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...
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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 20 01).In this passage ... periodthrough the collaboration of scientists, engineers, military planners andstrategists, and social scientists, particularly economists. The kinds oftools and symmetries in analysis that Samuelson...
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Inside the economist s mind phần 3 pps
... Economics, is now writing a paper analyzing the East Asiancrisis using the same concept to explain the situation there. The relation-ship between the government, banks, and enterprises show signs ... 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 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 ... only speeds up the day that its industry movesabroad. (2) There has been a 1980 20 03 swing to the right among voters,whose swing away from “altruism” is somewhat proportional to the time elapsed ... deflation) eroded awayin his last years. For Fisher, his personal financial losses in the 1 929 –34Depression modified his beliefs that V and Q/V were quasi constants in the MV = PQ tautology. Debt...
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Inside the economist s mind phần 6 potx
... 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 ... underpinnings of the theory has been useful.Now there have also been other papers on this topic that may be whatyou had in mind. These papers question whether the theory makes anysense at all. ... thatdiscusses models with this separation [Sims (20 00a)]. In the UnitedStates, they seem quite irrelevant, but they may be relevant in the Euro-pean Union where the institutional setup makes it...
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Inside the economist s mind phần 7 pptx
... 20 01.That part of 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, ... growththeory for so long. The other proposition is that recessions don’t reallymatter because the loss of consumer surplus is five decimal places down.That strikes me as a problem with the calculation ... Interview with Stanley Fischer 26 7an 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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