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Exchange Rate Management under Uncertainty
These twelve essays take up economic management under flexible exchange rates in the presence of uncertainty. Nearly all of the contributions adopt a rational expectations framework, focusing on the stochastic aspects of the assumption and exploring the variability of, for example, output and prices in relation to the variability of various external disturbances.OCLC-licensed vendor bibliograph…
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- 9780262268523
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- 1 online resource (xi, 296 pages) :illustrations
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Money, exchange rates, and output
Guillermo Calvo, who foresaw the financial crisis that followed the devaluation of Mexico's peso, has spent much of his career thinking beyond the conventional wisdom. In a quiet and understated way, Calvo has made seminal contributions to several major research areas in macroeconomics, particularly monetary policy, exchange rates, public debt, and stabilization in Latin America and post-commun…
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- ISBN/ISSN
- 9780262269735
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- 1 online resource (xxv, 510 pages) :illustrations
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A History of Big Recessions in the Long Twentieth Century
This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. It covers events including World War I, hyperinflation and market crashes in the 1920s, the Great Depression of the 1930s, stagflation of the 1970s, the Latin American debt crises of the 1980s, the post-socialist transitions i…
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- 9781108755276
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Econometrics.
Studies of the relation between information technology and economic growth trends.The relentless decline in the prices of information technology (IT) has steadily enhanced the role of IT investment as a source of economic growth in the United States. Productivity growth in IT-producing industries has gradually risen in importance, and a productivity revival has taken place in the rest of the ec…
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- ISBN/ISSN
- 9780262276405
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- 1 online resource (xxx, 462 pages) :illustrations, color portrait
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Econometrics.essays in honor of Dale W. Jorgenson
The essays in this volume provide a comprehensive view of applications of the cost of capital.The essays in this volume provide a comprehensive view of applications of the cost of capital. The cost of capital is the key concept in the analysis of taxation of business income. It is also critical to the formulation of a new system of national accounts, where it plays the role of the price of capi…
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- ISBN/ISSN
- 9780262277969
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- 1 online resource
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Econometrics.
New methodology for econometricians, based on the dual formulation of the theory of production in terms of prices. The objectives of econometric modeling of producer behavior are to determine the nature of substitution among inputs and outputs and of differences in technology, as well as the role of economies of scale in production. Recent advances in methodology, based on the dual formulation …
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- ISBN/ISSN
- 0262276399
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- 1 online resource (577 pages).
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Modeling bounded rationality
OCLC-licensed vendor bibliographic record.
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- ISBN/ISSN
- 9780262282758
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- 1 online resource (viii, 208 pages) :illustrations.
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Advanced Macroeconomics: An Easy Guide
Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, …
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- 9781909890695
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Understanding Auctions
In recent years, auctions have become an important field and many markets have designed new and sophisticated auction models to assign different types of items. The prime goal of this book is to set an organized classification of the main auction mechanisms in a way that readers can understand the importance of auction design and the advantages and drawbacks of each model. Given the relevance o…
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- 978-3-319-08813-6
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Rethinking Economics
This brief responds to the criticism that mainstream economics is currently facing due to its heavy reliance on models and narrow range of quantitative research techniques. It takes a broader view, identifying issues that are also relevant for heterodox and pluralist approaches to economics. By acknowledging that the world of theory is not the same as the reality that we are trying to understan…
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