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de Quidt, Jonathan - 2016

Major depressive disorder (MDD) is one of the most prevalent mental illnesses worldwide. Existing evidence suggests that it has both economic causes and consequences, such as unemployment. However, depression has not received significant attention in the economics literature. In this paper, we...

Persistent link: https://www.econbiz.de/10012455707

"If you compete with us, we shan't marry you" The (Mary Paley and) Alfred Marshall Lecture

Pande, Rohini; Roy, Helena - National Bureau of Economic Research - 2021

Alfred Marshall and Mary Paley Marshall are often described as the first academic economist couple. Both studied at Cambridge University, where Paley became one of the first women to take the Tripos exam and the first female lecturer in economics, with Marshall's encouragement. But in later...

Persistent link: https://www.econbiz.de/10012696390

Milton Friedman and Exchange Rates in Developing Countries

Edwards, Sebastian - 2020

Milton Friedman's famous 1953 essay, "The case for flexible exchange rates," deals entirely with advanced nations. An interesting question is what Friedman thought about exchange rate and monetary regimes in emerging economies. In this paper I investigate how his views on the subject evolved...

Persistent link: https://www.econbiz.de/10012482195

The Influence of Irving Fisher on Milton Friedman's Monetary Economics

Bordo, Michael D. - 2011

first on Fisher's influences in monetary theory (the quantity theory of money, the Fisher effect, Gibson's Paradox, the … monetary theory of business cycles, and the Phillips Curve, and empirics, e.g. distributed lags.). Then we discuss Fisher and …

Persistent link: https://www.econbiz.de/10012461390

Marshall's Economies

Henderson, Vernon - 1999

This paper estimates the nature and magnitude of the local externalities from own industry scale, as envisioned by Marshall. Census panel data on individual plants in high-tech and machinery industries across up to 487 countries are utilized, to quantify the direct effects of local external...

Persistent link: https://www.econbiz.de/10012471426

The Macroeconomist as Scientist and Engineer

Mankiw, N. Gregory - 2006

This essay offers a brief history of macroeconomics, together with an evaluation of what has been learned over the past several decades. It is based on the premise that the field has evolved through the efforts of two types of macroeconomist-- those who understand the field as a type of...

Persistent link: https://www.econbiz.de/10012466316

Indeterminacy in a Forward Looking Regime Switching Model

Farmer, Roger E. A. - 2006

This paper is about the properties of Markov switching rational expectations (MSRE) models. We present a simple monetary policy model that switches between two regimes with known transition probabilities. The first regime, treated in isolation, has a unique determinate rational expectations...

Persistent link: https://www.econbiz.de/10012466125

What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

Barberis, Nicholas - 2006

explanation for this puzzle is based on prospect theory. Despite its prominence, this explanation has received little formal … scrutiny. We take up this task, and analyze the trading behavior of investors with prospect theory preferences. We find that …, at least for the simplest implementation of prospect theory, the link between these preferences and the disposition …

Persistent link: https://www.econbiz.de/10012466268

Evaluating Welfare with Nonlinear Prices

Reiss, Peter C. - 2006

This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...

Persistent link: https://www.econbiz.de/10012466295

Financial Constraints, Asset Tangibility, and Corporate Investment

Almeida, Heitor - 2006

between capital spending and cash flows is non-monotonic in the firm's asset tangibility. Our theory allows us to use a …

Persistent link: https://www.econbiz.de/10012466582

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