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economy
(6545 results)-
White Papers
Asset Prices, Monetary Policy, And Aggregate Fluctuations: An Empirical Investigation
June 8, 2011 12:00am PDT
This paper studies empirically the dynamic interactions between asset prices, monetary policy, and aggregate fluctuations during the Volcker-Greenspan period. Using a simple structural vector...
Provided by: Monash University
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White Papers
Geometric Algorithms for Sensor Networks
June 7, 2011 12:00am PDT
Networked embedded sensors provide a unique opportunity for real time, large scale, high resolution environmental monitoring. Such systems are becoming ubiquitous across many activities important...
Provided by: Stony Brook University
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White Papers
Economics Instruction And The Brave New World Of Monetary Policy
June 6, 2011 12:00am PDT
Economics education faces a challenge in keeping up with the changes that have swept through monetary policy in recent decades. Many central banking innovations, such as interest on reserves and...
Provided by: Federal Reserve Bank of San Francisco
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White Papers
Theoretical Notes On Bubbles And The Current Crisis
June 1, 2011 12:00am PDT
The authors explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. They embed this view in a standard model of...
Provided by: European Central Bank
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White Papers
Systemic Risk-Taking: Amplification Effects, Externalities, And Regulatory Responses
June 1, 2011 12:00am PDT
This paper analyzes the efficiency of risk-taking decisions in an economy that is prone to systemic risk, captured by financial amplification effects that occur in response to strong adverse...
Provided by: European Central Bank
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White Papers
A World Macro Saving Fact And An Explanation
June 1, 2011 12:00am PDT
The world macro saving fact concerns the total financial saving of the world's private sector divided by world GDP. Relative to changes before 1994, there was a huge fall in this ratio between...
Provided by: Yale University
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White Papers
Innovation Pathways And Policy Challenges At The Regional Level: Smart Specialisation
June 1, 2011 12:00am PDT
This paper highlights the great diversity in development pathways and trajectories of innovation across European regions. A regional knowledge-based economy has multidimensional aspects. It...
Provided by: United Nations University
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White Papers
Technology Alliances In Emerging Economies: Persistence And Interrelation In European Firms Alliance Formation
June 1, 2011 12:00am PDT
The authors analyze patterns and determinants of technology alliance formation with partner firms from emerging economies, with a focus on European firms' alliance strategies. They examine to what...
Provided by: United Nations University
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White Papers
What Does Monetary Policy Do To Long-Term Interest Rates At The Zero Lower Bound?
June 1, 2011 12:00am PDT
The federal funds rate has been stuck at the zero bound for over two years and the Fed has turned to unconventional monetary policies, such as large scale asset purchases to provide stimulus to...
Provided by: National Bureau of Economic Research
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White Papers
Globalization, Structural Change And Productivity Growth
June 1, 2011 12:00am PDT
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, the authors document these gaps, and...
Provided by: National Bureau of Economic Research
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White Papers
Lifecycle Impacts Of The Financial And Economic Crisis On Household Optimal Consumption, Portfolio Choice, And Labor Supply
June 1, 2011 12:00am PDT
The direct financial impact of the financial crisis has been to deal a heavy blow to investment-based pensions; many workers lost a substantial portion of their retirement saving. The financial...
Provided by: National Bureau of Economic Research
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White Papers
Risk, Monetary Policy And The Exchange Rate
June 1, 2011 12:00am PDT
In this paper, the authors provide new empirical evidence on the importance of time-varying uncertainty for the exchange rate and the excess return in currency markets. Following an increase in...
Provided by: National Bureau of Economic Research
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White Papers
Institutional Comparative Statics
June 1, 2011 12:00am PDT
Why was the Black Death followed by the decline of serfdom in Western Europe but its' intensification in Eastern Europe? What explains why involvement in Atlantic trade in the Early Modern period...
Provided by: National Bureau of Economic Research
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White Papers
Americans Financial Capability
June 1, 2011 12:00am PDT
This paper examines Americans' financial capability, using data from a new survey. Financial capability is measured in terms of how well people make ends meet, plan ahead, choose and manage...
Provided by: National Bureau of Economic Research
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White Papers
Banks, Market Organization, And Macroeconomic Performance: An Agent-Based Computational Analysis
June 1, 2011 12:00am PDT
This paper is an exploratory analysis of the role that banks play in supporting the mechanism of exchange. It considers a model economy in which exchange activities are facilitated and coordinated...
Provided by: National Bureau of Economic Research
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White Papers
Employment Growth, Inflation And Output Growth: Was Phillips Right? Evidence From A Dynamic Panel
June 1, 2011 12:00am PDT
In this paper, the authors analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose they apply FMOLS, DOLS,...
Provided by: CESifo Group
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White Papers
Public Providers, Versus Private Providers, Of Public Goods: A General Equilibrium Study Of The Role Of The State
June 1, 2011 12:00am PDT
This paper studies the difference between public production and public finance of public goods in a dynamic general equilibrium setup. By public finance, the authors mean that the public good is...
Provided by: CESifo Group
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White Papers
The Global Financial Crisis: Countercyclical Fiscal Policy Issues and Challenges In Malaysia, Indonesia, The Philippines, And Singapore
June 1, 2011 12:00am PDT
Several countries have employed countercyclical fiscal policy to ameliorate the impact of the global financial crisis. This paper identifies some of the issues and policy implications associated...
Provided by: Asian Development Bank Institute
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White Papers
The Global Financial Crisis: Decoupling Of East Asia "Myth Or Reality
June 1, 2011 12:00am PDT
The "Decoupling" of East Asia from its economic interactions - both in trade and finance - with the rest of the world refers to the phenomenon of a weakening of the impact of demand and supply...
Provided by: Asian Development Bank Institute
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White Papers
Manufacturers And Retailers In The Global Economy
June 1, 2011 12:00am PDT
The authors develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in order to understand how these two industries interact and how labor is...
Provided by: CESifo Group
