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An important puzzle in international macroeconomics is the exchange rate disconnect puzzle. Based on recent empirical literature by Mussa (1986), Baxter and Stockman (1989), and Flood and Rose (1995), high exchange rate volatility under floating rates appear not to be related to the high...
Persistent link: https://www.econbiz.de/10009481025
The Australian Trade Deficit (TD) has been increasing in the past 50 years, and this deficit has become more significant in the last few decades. This rising TD level in Australia has brought the national debt level to a new height, making this country one of the world?s highest debt-ridden...
Persistent link: https://www.econbiz.de/10009481104
With the rapid development of the global economy, intellectual capital has become a critical driver of a business's sustainability. The essential difference between companies operating in the 'old' and the 'new' economy is that, where value in the past was created within industrial sectors such...
Persistent link: https://www.econbiz.de/10009481108
Trust is frequently a requirement for economic exchanges and the management of natural resources. Providing public informaiton on past actions can promote trust through the formation of reputations. We developed an economic experiment to test whether a formal reputation mechanism could...
Persistent link: https://www.econbiz.de/10009484389
The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This half semester class presents an...
Persistent link: https://www.econbiz.de/10009432111
Uses the tools of macroeconomics to study three macroeconomic policy problems in depth. Possible topics include long-run economic growth, the macroeconomics of the transition to a modern capitalist society, federal government surpluses and deficits, Social Security, the distribution of earnings...
Persistent link: https://www.econbiz.de/10009433209
Persistent link: https://www.econbiz.de/10012625116
Part I: Theoretical foundations of bargaining research -- Chapter 1: Field Experiments in Bargaining -- Chapter 2: Commitment Tactics in Bargaining -- Chapter 3: The Role of Emotions in Bargaining -- Chapter 4: New Empirical Perspectives on Bargaining -- Chapter 5: Reputational Bargaining --...
Persistent link: https://www.econbiz.de/10013185626
Persistent link: https://www.econbiz.de/10013191351
While historians of economics have noted the transition toward empirical work in economics since the 1970s, less understood is the shift toward "quasi-experimental" methods in applied microeconomics. Angrist and Pischke (2010) trumpet the wide application of these methods as a "credibility...
Persistent link: https://www.econbiz.de/10011602961