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Policy towards speculative bubbles is examined in a model of a finite horizon 'greater fool' bubble, with rational … dynamics and welfare economics to analyze bubble policies. Government policy is modeled as deflating overpriced assets by … revealing information about whether or not the asset is overpriced. It is shown that such a policy tends to improve welfare if …
Persistent link: https://www.econbiz.de/10005550948
Policy plays a significant role in nation building. This paper attempts to highlight the role of policy issues in … policies. If we take a snapshot of our history of the last 60 years since independence, we find that many policy initiatives … may lead to social and economic fragmentation of the country. We also bring out few recent policy initiatives of the …
Persistent link: https://www.econbiz.de/10005556231
agenda for reform is clear. Therefore, the thrust of this project is to formulate a model-based viable health policy reforms …
Persistent link: https://www.econbiz.de/10005556956
This paper consists of the page proofs of W. A. Barnett's interview of Paul A. Samuelson, to appear in print in the journal, Macroeconomic Dynamics, in September 2004. To our knowledge, this is the first and only interview of Paul A. Samuelson published in a professional economics journal. In...
Persistent link: https://www.econbiz.de/10005561048
Bad policies (i.e., policies harmful to private producers such as excessive taxation, arbitrary confiscation, and negligence of pubic goods) are observed in quite a few countries. These countries tend to have autocratic regimes.I explore a reason why bad policies may benefit autocrats.I present...
Persistent link: https://www.econbiz.de/10005125892
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...
Persistent link: https://www.econbiz.de/10005125975
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...
Persistent link: https://www.econbiz.de/10005125976
The Government of AP needs to rethink its Infrastructure strategy in the light of current state priority. Unless these are in line with state priorities, the strategies will not work and will perpetually be at cross purposes. The current direction taken by the state appears to point towards the...
Persistent link: https://www.econbiz.de/10005126009
This is the front matter from a book of interviews to be published by Blackwell. The book is coedited by W. A. Barnett and P. A. Samuelson. The front matter includes the Table of Contents, Coeditor Preface by W. A. Barnett, Coeditor Foreword by Paul A. Samuelson, and History of Thought...
Persistent link: https://www.econbiz.de/10005126071
different risk sharing arrangements. Thus, firm earnings are conditioned upon accurately forecasting policy loss experience. Our … allocation strategies based on aggregate models and a policy-level econometric forecasting model. …
Persistent link: https://www.econbiz.de/10005126096