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How Expert Are the Experts?
JS, Armstrong - EconWPA - 2005
If you want good forecasts for your industry, you should hire the best experts. Right? Well, maybe not. …
Persistent link: https://www.econbiz.de/10005062668
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A Model of Expertise
Krishna, Vijay; Morgan, John - EconWPA - 1999
We study a model in which two perfectly informed experts offer advice to a decision maker whose actions affect the … welfare of all. Experts are biased and thus may wish to pull the decision maker in different directions and to different … maker. We ask whether this situation is improved by having the decision maker consult a cabinet of (two) experts. We first …
Persistent link: https://www.econbiz.de/10005550962
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The Seer-Sucker Theory: The Value of Experts in Forecasting
Armstrong, JS - EconWPA - 2004
, stock analysts are paid large salaries to forecast the earnings of various companies, and political experts command large …
Persistent link: https://www.econbiz.de/10005119384
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How Expert Are the Experts?
Armstrong, J. S. - EconWPA - 2005
If you want good forecasts for your industry, you should hire the best experts. Right? Well, maybe not. Certainly … experts are in demand. Businessmen pay economists generously to tell them how the economy will change; brokerage firms give …
Persistent link: https://www.econbiz.de/10005119411
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CONTAGION AND PORTFOLIO SHIFT IN EMERGING COUNTRIES´ SOVEREIGN BONDS
Herrero, Alicia Garcia; Rios, Antonio Diez de los - EconWPA - 2004
The paper tests whether there were events of contagion, and portfolio shift, in the sovereign bond markets of eleven emerging countries' between January 1995 and November 2001. From existing definitions, we narrow down the concept of contagion by focusing on pricing errors, after general market...
Persistent link: https://www.econbiz.de/10005125554
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
We seek to contribute to both the finance-growth literature and the community banking literature by testing the effects of the relative health of community banks on economic growth and investigating potential transmission mechanisms for these effects using data from 1993–2000 on 49 nations....
Persistent link: https://www.econbiz.de/10005134638
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Western Institution Building:The War, Hayek’s Cosmos and the WTO
Killion, M. Ulric - EconWPA - 2005
developed nation-states, and international intergovernmental organizations dominated by developed nation-states such as the …
Persistent link: https://www.econbiz.de/10005407658
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Counting chickens when they hatch: The short-term effect of aid on growth
Clemens, Michael A.; Radelet, Steven; Bhavnani, Rikhil - EconWPA - 2004
Past research on aid and growth is flawed because it typically examines the impact of aggregate aid on growth over a short period, usually four years, while significant portions of aid are unlikely to affect growth in such a brief time. We divide aid into three categories: (1) emergency and...
Persistent link: https://www.econbiz.de/10005408143
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THE BALANCE OF PAYMENTS AS A MONETARY PHENOMENON:AN ECONOMETRIC CASE STUDY OF NIGERIA
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003
THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY...
Persistent link: https://www.econbiz.de/10005408148
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MANAGEMENT & DEVELOPMENT OF HAPPINESS : A PRIORITY IN SOCIO-ECONOMIC DEVELOPMENT
Dr.VSR.Subramaniam - EconWPA - 2005
, Local, International and Universal in nature. Author’s Research and Development approach for these vicious combination …
Persistent link: https://www.econbiz.de/10005408439