inside the economist s mind phần 6 doc
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...
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...
Inside the economist s mind phần 10 doc
... 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...
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 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...
inside the economist s mind phần 9 docx
... 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...
inside the economist s mind phần 10 doc
... 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...
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 ... period
through the collaboration of scientists, engineers, military planners and
strategists, and social scientists, particularly economists. The kinds of
tools and symmetries in anal...
Inside the economist s mind phần 2 pdf
... 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...
Inside the economist s mind phần 3 pps
... 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...
Inside the economist s mind phần 4 pps
... 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...
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