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Christopher Sims is one of the leaders in time-series econometrics and empirical macroeconomics and is well known for … introducing the VAR approach to econometrics and macroeconomic modelling. Sims' main contribution to empirical macroeconomics was … imply the abandoning of theory but only the involvement of theory that is ‘as light as possible.’ It shifted the focus …
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The Economic and Monetary Union (EMU) is an economic and monetary policy system based on a fundamental asymmetry and consisting of three elements: 1. an independent central bank (ECB) which is exclusively charged with monetary policy in the euro zone; 2. economic policies (fiscal and budgetary...
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) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science …
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This paper is (over the formulas) self explaining . The measurement of economies no longer by GDP alone, but by an Index that includes other important factors as well, a So-cial factors relativized GDP. This index cuts out the part of the GDP that is long term fro-zen up by social transfers...
Persistent link: https://www.econbiz.de/10011259539
Rising energy demand and prices, particularly for oil, has led to a search for solutions to quell this increase. With the advent of the Oil Sands, we have stumbled upon an opportunity to increase Oil supplies and thus stabilize prices and satisfy demand. A large portion of the oil sands are...
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wirtschaftlich erreichen. In empirischen Studien, die als Grundlage für evidenzbasierte Wirtschaftspolitik dienen können, werden …-experimentellen Designs sollen der Wirtschaftspolitik helfen zu lernen, was funktioniert. …
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