inside the economist s mind phần 6 doc

... the results and asked whether the things that were most sensitive to resource supply were the things that should be most sensitive. The answer was “Certainly not.” I also studied questions such as economies ... leave the lag coefficients unrestricted and restrict only the contemporaneous responses to the shock. Those restrictions by themselves would fit per- fectly into a Cowles C...

Ngày tải lên: 10/08/2014, 07:21

... 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

... 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

... that was because we were dealing simul- taneously with the Indonesian crisis, which was at its height at the same time. The Russian crisis was particularly dramatic. We saw the storm clouds gathering, ... Peterson, at Michigan, stressed this, but it was also my physics professors that stressed to me the importance of units of measurement. We write most of our long-term contracts in...

Ngày tải lên: 10/08/2014, 07:21

... cetera. The entire course consisted of his assigning exercises and then calling on the students to present the solutions on the blackboard. It s called the Moore method—no lectures, only exercises. ... 364 Sergiu Hart systematic. What you are saying is, yes, systematic biases occur because if you look at the level of the rule, rules indeed are systematic; they lead to biases si...

Ngày tải lên: 10/08/2014, 07:21

... studies selfishness. Obviously, studying war is not the same as advocating war; similarly, studying selfishness is not the same as advocating selfishness. Bacteriologists do not advocate disease; they study ... described me, in developing the so-called neoclassical synthesis. I don’t think neoclassical synthesis is a good name for it, since it was a neoclassical/ neo-Keynesian synthesis, b...

Ngày tải lên: 10/08/2014, 07:21

... 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