Advances In Economics And Econometrics Tenth World Congress Pdf
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Advances in economics and econometrics. Econometric Society. World Congress 10th : : Shanghai, China.
James A. Robinson
Ignore and show page. Format: Hardback, pages, height x width x depth: xx33 mm, weight: g, 1 Tables, unspecified; 1 Halftones, unspecified; 13 Line drawings, unspecified Collection: Econometric Society Monographs Volume 1 Pub. Other books in subject : Macroeconomics. Book will arrive in about weeks. Please allow another 2 weeks for shipping outside Estonia. Quantity: 1 2 3 4 5 6 7 8 9 10 Add to basket Delivery time weeks Add to Wishlist. Larger Image.
A theory of money needs a proper place for financial intermediaries. Intermediaries create money by taking deposits from savers and investing them in productive projects. The money multiplier depends on the size of intermediary balance sheets, and their ability to take risks. In downturns, as lending contracts and the money multiplier shrinks, the value of money rises. This leads to a Fisher deflation that hurts borrowers and amplifies shocks. An accommodative monetary policy in downturns, focused on the assets held by constrained agents, can mitigate these destabilizing adverse feedback effects.
Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: Acemoglu and M. Arellano and E.
PDF Advances in Economics and Econometrics Tenth World Congress PDF Book Free
Yasar University Press. Yasar University Press , pp. Structural development accounting: theory and applications : Tenth World Congress. Advances in Economics and Econometrics. Subject Terms: Department of Economics , Economics , Directed technology adoption , development accounting , distance to frontier , inappropriate technologies , skill-biased technical change , productivity , TFP differences.
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Suen, Richard M. This paper analyses the optimal saving behaviour of a risk-averse and prudent consumer who faces two sources of income risk: risk as described by a given probability distribution and risk in the distribution itself. The latter is captured by the randomness in the parameters underlying the probability distribution and is referred to as distributional risk. Stochastic volatility, which generally refers to the randomness in the variance, can be viewed as a form of distributional risk.
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We study the problem of approximate social welfare maximization without money in one-sided matching problems when agents have unrestricted cardinal preferences over a finite set of items. Random priority is a very well-known truthful-in-expectation mechanism for the problem. Unable to display preview.
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Advances in Economics and Econometrics. Tenth World Congress. Search within full text. Advances in Frontmatter. pp i-vi. Access. PDF; Export citation.
Edwards S. Sanford Professor of Economics
The system can't perform the operation now. Try again later. Citations per year. Duplicate citations. The following articles are merged in Scholar. Their combined citations are counted only for the first article. Merged citations.
Advances in economics and econometrics: Tenth world congress. Advances in Economics and Econometrics: Volume 2, Applied. Volume 1 in SearchWorks catalog. Volume 1. Cambridge : Cambridge University Press,