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Measuring Inequality in CIS Countries: Theory and Empirics
Ibragimov, Rustam; Ibragimov, Marat; Khamidov, Rufat - 2010
Distributions of many variables of interest in developed economic and financial markets, including income and wealth, exhibit heavy tails as in the case of Pareto or power laws. Many commonly used income and wealth inequality measures are very sensitive to extremes and outliers generated by...
Persistent link: https://www.econbiz.de/10012311477
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Trade and Security, I: Anarchy
Anderson, James E.; Marcouiller, S.J. Douglas - 1997
Market exchange is subject to an endogenously-determined level of predation which impedes specialization and gains from trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of equilibria may emerge, autarky (with no predation and no...
Persistent link: https://www.econbiz.de/10010334715
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On the initialization of adaptive learning in macroeconomic models
Berardi, Michele; Galimberti, Jaqueson K. - 2016
inferences under rational expectations, whereas the fraction of backward looking price setters increases. …
Persistent link: https://www.econbiz.de/10011582421
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Near-rational exuberance
Bullard, James; Evans, George W.; Honkapohja, Seppo - 2005
requirement that the underlying rational expectations equilibrium is locally indeterminate. We suggest ways in which policymakers …
Persistent link: https://www.econbiz.de/10011604601
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Is time ripe for price level path stability?
Gaspar, Vítor; Smets, Frank; Vestin, David - 2007
helps overall macroeconomic stability by making expectations operate like automatic stabilizers. Second, under a price level … arguments in favour of or against price level path stability depend on the degree of dependence of private sector expectations …
Persistent link: https://www.econbiz.de/10011604864
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Can Capitalists Afford Recovery? Economic Policy When Capital is Power
Bichler, Shimshon; Nitzan, Jonathan - 2013
Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different question that...
Persistent link: https://www.econbiz.de/10011645084
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Can Capitalists Afford Recovery? Three Views on Economic Policy in Times of Crisis
Nitzan, Jonathan; Bichler, Shimshon - In: Review of Capital as Power 1 (2014) 1, pp. 110-155
Economic, financial and social commentators from all directions and of various persuasions are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different...
Persistent link: https://www.econbiz.de/10011646063
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Inflation As Restructuring. A Theoretical and Empirical Account of the U.S. Experience
Nitzan, Jonathan - 1992
The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of ongoing structural and...
Persistent link: https://www.econbiz.de/10011646704
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Who can predict their own Demise? Accuracy of Longevity Expectations by Education and Cognition
Bago d'Uva, Teresa; Erdogan Ciftci, Esen; O'Donnell, Owen; … - 2015
Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health …, with consequences for wellbeing in old age. Systematic differences in the accuracy of longevity expectations may partly … veracity of expectations are due to the less educated and cognitively able responding less to changes in objective mortality …
Persistent link: https://www.econbiz.de/10011288406
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Who Believes in Me? The Effect of Student-Teacher Demographic Match on Teacher Expectations
Gershenson, Seth; Holt, Stephen B.; Papageorge, Nicholas W. - 2015
about how teachers form expectations and whether their expectations are systematically biased. We investigate whether … student-teacher demographic mismatch affects high school teachers' expectations for students' educational attainment. Using a … student fixed effects strategy that exploits expectations data from two teachers per student, we find that non-black teachers …
Persistent link: https://www.econbiz.de/10011307416