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This paper is a non-technical and somewhat philosophical essay, that seeks to investigate the relationship between economics and reality. More precisely, it asks how reality in the form empirical evidence does or does not influence economic thinking and theory. In particular, which role do...
Persistent link: https://www.econbiz.de/10008674229
This handbook devotes most of its chapters to reviewing sectoral policies related to agriculture. This chapter moves to a macroeconomic and macrosectoral view of the policy framework and its possible interaction with the agricultural sector. A previous handbook (Gordon Rausser and Bruce Gardner,...
Persistent link: https://www.econbiz.de/10009642964
This handbook devotes most of its chapters to reviewing sectoral policies related to agriculture. This chapter moves to a macroeconomic and macrosectoral view of the policy framework and its possible interaction with the agricultural sector. A previous handbook (Gordon Rausser and Bruce Gardner,...
Persistent link: https://www.econbiz.de/10014024058
We study the optimal monetary policy in a two-country open-economy model under two monetary arrangements: (a) multiple currencies controlled by independent policy-makers; (b) common currencies controlled by a centralized policy-maker. Our findings suggest that: (i) Monetary policy competition...
Persistent link: https://www.econbiz.de/10005662116
The tendency of a single world market to privilege the translation of English fiction and poetry into other languages for reading or listening enjoyment may damage the production of world literature and in this respect make us all worse off. In order to develop this thesis, the article begins...
Persistent link: https://www.econbiz.de/10005789053
The U.S. economy faces a fundamental structural and institutional crisis that requires major changes in economic policy and far reaching programs including: a) a federally funded permanent living wage jobs program mostly funded through transactions taxes on finance; b) emergency measures to cap...
Persistent link: https://www.econbiz.de/10009004537
This book provides an overview of the modern theory and empirics of business cycles. Written by one of the pioneering authors in this field, it examines the notion of a business cycle and discusses alternative approaches to modeling. Arguably, one of the most important debates in this literature...
Persistent link: https://www.econbiz.de/10011183871
Japan experienced a boom-and-bust cycle in the real estate and stock markets almost 20 years earlier than Europe. Since the bursting of the Japanese bubble economy, the country has fallen into a deep recession and has experimented with crisis therapies in the form of unconventional monetary...
Persistent link: https://www.econbiz.de/10011202924
In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is really an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but...
Persistent link: https://www.econbiz.de/10009368133
The role played by economists and thus economic theory in implementing the Spanish economic policy during the second half of the 20th century is the main topic analysed in this article. Political framework indeed is crucial for understanding the relationships between Spanish economists and...
Persistent link: https://www.econbiz.de/10010643316