Download or read book HERMES Harmonised Econometric Research for Modelling Economic Systems written by Commission of the European Commission of the European Com and published by Elsevier. This book was released on 2014-06-28 with total page 726 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "HERMES" European system of models is featured in this book. This system was set up at the initiative of the Commission of the European Communities (Directorate-General for Science, Research and Development). It involves a series of medium term, macrosectoral econometric models in which energy plays a special role as a production factor. The different models are interlinked by a bilateral flow module, which describes for each product the trade between all the Community countries taken in twos. The United States, Japan and five zones are represented in this by simplified versions of the Commission's COMET model.This volume will help the reader to understand and interpret the numerous studies which have been undertaken with the help of the HERMES system. Economists and researchers will find valuable information and figures, with a common nomenclature, on the economies of the different countries, both on structural data and on economic operators.
Download or read book Unemployment in Europe written by Joan Muysken and published by Springer. This book was released on 1989-03-01 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: By an international forum of contributors, this is the result of a conference organized by the Department of Economics of the University of Limburg and the European Production Study Group. All aspects of labour market research were discussed relating them to the unemployment situation in Europe.
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 1985 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Aggregate Supply in Interlink written by John E. Helliwell and published by . This book was released on 1985 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Changing Behavior of the Term Structure of Interest Rates written by N. Gregory Mankiw and published by . This book was released on 1985 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We reexamine the expectations theory of the term structure using data at the short end of the maturity spectrum. We find that prior to the founding ofthe Federal Reserve System in 1915, the spread between long rates and short rates has substantial predictive power for the path of interest rates; after 1915, however, the spread contains much less predictive power. We then show that the short rate is approximately a random walk after the founding of the Fed but not before. This latter fact, coupled with even slight variation inthe term premium, can explain the observed change in 1915 in the performance of the expectations theory. We suggest that the random walk character of the short rate may be attributable to the Federal Reserve's commitment to stabilizing interest rates.
Download or read book The Impact of Taxation on Business Activity written by Douglas D. Purvis and published by Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy, Queen's University. This book was released on 1987 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Serial Correlation of Asset Returns and Optimal Portfolios for the Long and Short Term written by Stanley Fischer and published by . This book was released on 1985 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimal portfolios differ according to the length of time they are held without being rebalanced. For the case in which asset returns are identically and independently distributed, it has been shown that optimal portfolios become less diversified as the holding period lengthens. We show that the anti-diversification result does not obtain when asset returns are serially correlated, and examine properties of asymptotic portfolios for the case where the short term interest rate, although known at each moment of time, may change unpredictably over time. The theoretical results provide no presumption about the effects of the length of the holding period on the optimal portfolio. Using estimated processes for stock and bill returns, we show that calculated optimal portfolios are virtually invariant to the length of the holding period. The estimated processes for asset returns also imply very little difference between portfolios calculated ignoring changes in the investment opportunity set and those obtained when the investment opportunity set changes over time.
Download or read book Estimating Neonatal Mortality Rates from the Heights of Children written by Richard H. Steckel and published by . This book was released on 1985 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Underenumeration of vital events is a problem familiar topeople who work with historical demographic records. This paper proposes a method for recovering information about neonatal mortality. The approach utilizes average heights of young children to predict the birth weight of American slaves. The results suggest that slave newborns weighed on average about 5.1 pounds, which places them among the poorest populations of developing countries in the mid-twentieth century. The birth weight distribution and a schedule of mortality by birth weight suggest that previous estimates of slave infant mortality are too low. The poor health and stature of children and the relatively large size of slave adults is a pattern of growth and development that is unobserved among poor populations of the twentieth century. Thus slavery may have created an unusual pattern of nutritional resource allocation across ages.
Download or read book Public Debt and U S Saving written by Michael J. Boskin and published by . This book was released on 1985 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stopping Hyperinflation written by Rudiger Dornbusch and published by . This book was released on 1985 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The special role of money in the hyper inflation process, and particularly in the stabilization phase, has now been reconsidered in a bestselling essay by Sargent. The message is that credible fiscal stabilizationis the sine qua non of stopping inflation. This is definitely not viewed as being in conflict with the monetary hypothesis, but it does represent a shift of emphasis. We draw attention to a third aspect of the hyperinflation process, and the stablization, namely exchange rate and interest rate policy. Even though a government may accomplish all the right measures in terms of budget stablization or control of money creation, there remains the problem of making these measures credible and hence being able to actually achieve them. We argue that exchange rate and interest rate policy in the transition have traditionally formed the vehicle for establishing that credibility by a de facto stablization. We make that point by discussing the events of the German hyperinflation. In that case the stablization was a much more diffuse, accidental matter than a reading of the classics reveals with exchange rate policy playing a key role. Immensely high interest rates in the face of a sharply appreciating free market exchange rate wiped out adverse speculation thus helping to establish stablization. The real exchange rate sharply appreciated in the final stage and persisted at an appreciated level well into the post-stabilization phase. It reflects the reverse of the coin of real depreciation in the capital flight phase.
Download or read book Working Papers written by and published by . This book was released on 1985 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Occupational Implications of Microelectronic based Technical Change written by Thomas H. McCurdy and published by Kingston, Ont. : Institute for Economic Research, Queen's University. This book was released on 1985 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hours Restrictions and Labor Supply written by William T. Dickens and published by . This book was released on 1985 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents a model of labor supply in which individuals may face constraints on their choice of work hours, and analyzes the sensitivity of parameter estimates and policy conclusions to the usual assumption of unrestricted choice. We set up the labor supply decision asa discrete choice problem, where each worker faces a finite number of employment opportunities, each offering fixed hours of work. The distribution from which these are drawn, as well as the number of draws, is estimated along with the behavioral parameters of individual labor supply. The standard model with unconstrained hours appears as a special case where the number of draws approaches infinity. We estimate the mean absolute difference between desired and actual work hours to be about ten hours perweek. The results strongly support the notion that hours choices are constrained, and suggest that models which ignore restrictions on hours worked may yield biased estimates of the wage elasticity of desired hours. Further, we suggest that analysis of policies such as income transfers and the flat rate tax which do not consider their effects on the distribution of hours offered may be very misleading.
Download or read book OECD Economic Studies written by and published by . This book was released on 1986 with total page 852 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Effects of Municipal Government Institutions written by Jeffrey S. Zax and published by . This book was released on 1985 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an analysis of employment and compensation practices under alternative institutions of municipal government which demonstrates that institutional variations have significant, important, and predictable effects upon outcomes in municipal labor markets. Municipal institutions in which a single official is responsible for office performance provide that official with incentives to emphasize efficiency in the production of municipal services. Institutions in which responsibility is shared provide individual officials with incentives to emphasize the allocation of municipal resources to their particular constituencies, among whom municipal employees may be prominent. Independently, city managers and mayors chosen through direct election reduce levels of employment and increase employee compensation. Managers offer compensation packages which emphasize nonwage components. In cities which have both institutions, competition between the two nullifies employment reductions and exacerbates compensation increases. Employment increases with the age of the manager's office. City council members chosen through at-large or nonpartisan elections increase levels of both employment and compensation. Compensation packages under both emphasize current components. With both reforms, employment and compensation increases are compounded.
Download or read book List of Recent Periodical Articles written by Joint Bank-Fund Library and published by . This book was released on 1985 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics Working Papers a Bibliography written by and published by . This book was released on 1985 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
