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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
evolution of contagion and interactions with the economy. A key parameter, the asymptomatic rate (the fraction of the infected …
Persistent link: https://www.econbiz.de/10012482082
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