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The paper opens with a description of the salient features of the Israeli economy. These consist of a large government … indexation of both wages and long term financial commitments. A descriptive model of the economy is then presented, which … includes the particular asset menu of the Israeli economy, and its properties examined. Finally,the rrodel is used in analyzing …
Persistent link: https://www.econbiz.de/10012477909
This paper reviews six English-language books on the economy of Israel. Each book was written or edited by Israelis …, and each is from a different decade. The earliest book, Don Patinkin's The Israel Economy: The First Decade, was written … in the late 1950s, and the most recent volume, The Israeli Economy, 1985 - 1998: From Government Intervention to Market …
Persistent link: https://www.econbiz.de/10012467331
We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of …
Persistent link: https://www.econbiz.de/10012453031
This paper examines the profound challenges that transformative advances in AI towards Artificial General Intelligence (AGI) will pose for economists and economic policymakers. I examine how the Age of AI will revolutionize the basic structure of our economies by diminishing the role of labor,...
Persistent link: https://www.econbiz.de/10015072921
Persistent link: https://www.econbiz.de/10000077494
We attempt to make inferences about the elasticity of the government's demand for specific weapons by analyzing the statistical relationship between quantity and cost revisions across the population of major weapon systems, using data contained in the Pentagon's Selected Acquisition Reports. The...
Persistent link: https://www.econbiz.de/10012476023
We investigate whether local average treatment effects (LATE's) can be extrapolated to new settings. We extend the analysis and framework of Dehejia, Pop-Eleches, and Samii (2015), which examines the external validity of the Angrist-Evans (1998) reduced-form natural experiment of having two...
Persistent link: https://www.econbiz.de/10012457006
Herbert Hoover. I develop a theory of labor market failure for the Depression based on Hoover's industrial labor program that provided industry with protection from unions in return for keeping nominal wages fixed. I find that the theory accounts for much of the depth of the Depression and for...
Persistent link: https://www.econbiz.de/10012463362
economy with an unusually large proportion of very old and very large firms with well-defined owners in control. 31 of the 50 …
Persistent link: https://www.econbiz.de/10012468052
economy that remained a region in a much larger national economy with one that evolved into an independent political unit …
Persistent link: https://www.econbiz.de/10012470310