Showing 1 - 10 of 18,709
then use the insights from this thought experiment to point out some pitfalls of the modern macroeconomic methodology. …
Persistent link: https://www.econbiz.de/10010226540
then use the insights from this thought experiment to point out some pitfalls of the modern macroeconomic methodology …
Persistent link: https://www.econbiz.de/10014150718
distant future is equal to the lowest possible utility discount rate of the population (according to the descriptive approach … to parameterizing the Ramsey rule) or to the utility discount rate of the social evaluator (according to the prescriptive …
Persistent link: https://www.econbiz.de/10010328352
distant future is equal to the lowest possible utility discount rate of the population (according to the descriptive approach … to parameterizing the Ramsey rule) or to the utility discount rate of the social evaluator (according to the prescriptive …
Persistent link: https://www.econbiz.de/10010227389
“Big Data” is an emerging term used with business, engineering, and other domains. Although Big Data is a popular term used today, it is not a new concept. However, the means in which data can be collected is more readily available than ever, which makes Big Data more relevant than ever...
Persistent link: https://www.econbiz.de/10012043164
This paper concerns a neglected aspect of Lucas's work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas's non-standard conception of theory: to him, a theory and a...
Persistent link: https://www.econbiz.de/10010303837
This paper concerns a neglected aspect of Lucas's work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas's non-standard conception of theory: to him, a theory and a...
Persistent link: https://www.econbiz.de/10010304313
This paper concerns a neglected aspect of Lucas's work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas's non-standard conception of theory: to him, a theory and a...
Persistent link: https://www.econbiz.de/10008871284
This paper concerns a neglected aspect of Lucas's work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas's non-standard conception of theory: to him, a theory and a...
Persistent link: https://www.econbiz.de/10008805013
This paper offers a retrospective view of the key pillar of Solow's neoclassical growth model, namely the aggregate production function. We review how this tool came to life and how it has survived until today, despite three criticisms that undermined its raison d'être. They are the Cambridge...
Persistent link: https://www.econbiz.de/10014581845