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This paper represents shortly the contribution of the Professor Lucas in modern macroeconomics, notably famous criticism of the Keynesian models. Contribution which was worth him the Nobel prize of economy 1995.
Persistent link: https://www.econbiz.de/10005835589
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...
Persistent link: https://www.econbiz.de/10009647457
Economists have always been interested in the workings of the financial markets, but most of them neither seek nor get …) economists became involved in the financial markets, and what that professional involvement has entailed, in order to come up … with implications for economists who are considering working in the financial markets as well as for the universities that …
Persistent link: https://www.econbiz.de/10005616608
. The relationship obtained for France is characterized by A0=-1, A1=4, A2=0.095, t0=4 years, and t1=4 years. For GDP … Banque de France monetary policy introduced in 1995 does not disturb the long-term links. All the individual relationships … force change indicates that since 1995 the Banque de France has been wrongly applying the policy fixing the monetary growth …
Persistent link: https://www.econbiz.de/10005835964
intensive forms of industry. Hamilton’s analyses of price and wage data for 16th- and 17th-century Spain, France, and England …). But they had to rely on the same dubious and indeed often untrustworthy price and wage data for England and France (and of …
Persistent link: https://www.econbiz.de/10005836522
In 1997, the French government put into effect a law that permanently exempted young French male citizens born after Jan 1, 1979 from mandatory military service while still requiring those born before that cutoff date to serve. This paper uses a regression discontinuity design to identify the...
Persistent link: https://www.econbiz.de/10011212582
"Evidence-based medicine” approaches began to be formalized in the early 1990s to promote a conscientious, explicit and judicious use of current best evidence in decision-making on care for individual patients. These approaches were subsequently extended to other spheres of public decision...
Persistent link: https://www.econbiz.de/10011257826
-industrial states relied on private individuals to collect taxes; (ii) why after 1600 both England and France moved from competitive … self-undermining in England where it was quickly replaced by direct collection, but lasted in France until the French …
Persistent link: https://www.econbiz.de/10011258689
Stable employment seems to be difficult to access for descendants of immigrants in contemporary France. This article …
Persistent link: https://www.econbiz.de/10011204420
The paper presents the results of a research on railway regulation and liberalisation in Italy, France, Germany and …
Persistent link: https://www.econbiz.de/10008855557