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risk management literature concluding that lurking risks can be converted into opportunities have unfortunately not … informed policy. The assumption of the risk as a burden, often leads economies to crises that undermine the development and … prosperity of states and citizens. In this context, this article aims at highlighting risk characteristics and presentation of …
Persistent link: https://www.econbiz.de/10011516800
-effective instrument that reduces operational and economic risk levels in public sector organizations. Design/methodology/approach: A …) scales. The reliability analysis proved that all three scales are reliable; therefore, they are suitable for use as a risk … aforementioned measurement instruments, which can now be utilised by researchers in the field of risk management, to further advance …
Persistent link: https://www.econbiz.de/10011932788
-effective instrument that reduces operational and economic risk levels in public sector organizations. Design/methodology/approach: A …) scales. The reliability analysis proved that all three scales are reliable; therefore, they are suitable for use as a risk … aforementioned measurement instruments, which can now be utilised by researchers in the field of risk management, to further advance …
Persistent link: https://www.econbiz.de/10011649419
-effective instrument that reduces operational and economic risk levels in public sector organizations. Design/methodology/approach: A …) scales. The reliability analysis proved that all three scales are reliable; therefore, they are suitable for use as a risk … aforementioned measurement instruments, which can now be utilised by researchers in the field of risk management, to further advance …
Persistent link: https://www.econbiz.de/10012952022
This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...
Persistent link: https://www.econbiz.de/10009293018
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10009145755
I construct a unified macroeconomic framework by incorporating frictional markets in a neoclassical environment. This framework is analytically tractable despite search frictions, income risks and endogenous money distributions. I use this framework to formalize a theory that the variety and the...
Persistent link: https://www.econbiz.de/10008989513
This paper describes the infinite-horizon general equilibrium model that, among other models, CBO uses for its analysis of the President's budgetary proposals. Agents in the model live forever and face uninsurable, individual-specific working-ability shocks and borrowing constraints, and so they...
Persistent link: https://www.econbiz.de/10013154164
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10013157425
reallocating tax distortions through debt, fiscal policy alters both the composition of intertemporal consumption risk and the …
Persistent link: https://www.econbiz.de/10012940423