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Around the world with Irving Fisher
Thorvaldur Gylfason; Tómasson Helgi; Gylfi Zoega - 2015
This paper aims to show why Irving Fisher's own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher's data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …
Persistent link: https://www.econbiz.de/10010496089
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Natural resource endowment : a mixed blessing?
Thorvaldur Gylfason - 2011
This paper deals with the implications of natural resources for the conduct of economic policies and the role and design of institutions in resource-rich countries. The paper briefly reviews the experience of a few resource-rich countries, highlighting the successes of those that have done well...
Persistent link: https://www.econbiz.de/10009010049
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Back to Kyoto? : US participation and the linkage between R&D and climate cooperation
Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor; … - 2002
The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties drastically reduces the effectiveness of the Kyoto Protocol in controlling GHG emissions. The reason is not only the reduced emission abatement in the US, but also the...
Persistent link: https://www.econbiz.de/10011409394