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The Dual Nature of Forecast Targeting and Instrument Rules: A Comment on Michael Woodford’s ‘Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice,’
Forecast Targeting Instrument Rules
2015/8/3
I thank Michael Woodford for writing such a thoughtful and useful paper on
monetary policy. It is filled with fascinating ideas and insights, each carefully explained.
As befits this final “Looking ...
The Dual Nature of Forecast Targeting and Instrument Rules: A Comment on Michael Woodford’s ‘Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice
Policy Rules Practice
2015/8/3
Michael Woodford’s chapter is fi lled with fascinating ideas and insights,
each carefully explained. Most importantly, he proposes an ambitious
future research program with the specifi c practical p...
Paternalism,Libertarianism,and the Nature of Disagreement
Paternalism Libertarianism Communication Difference of opinion Coercion
2015/7/23
Regulation to protect individuals from self-harm, such as euthanasia prohibitions and safety mandates, is widespread but controversial.Opponents and proponents are often believed to differ in their va...
Commitment, Coercion, and Markets: The Nature and Dynamics of Institutions Supporting Exchange
Institutions Supporting Markets
2015/7/20
This chapter’s discussion of market-supporting institutions is geared toward
the issues we know the least about. First, the dynamics of market-supporting
institutions and the implied dynamics of mar...
The Flattening Firm:Evidence from Panel Data on the Changing Nature of Corporate Hierarchies
Geographic Location Change Business Ventures Compensation and Benefits Rank and Position
2015/5/14
Using a detailed database of managerial job descriptions, reporting relationships, and compensation structures in over 300 large U.S. firms, we find that firm hierarchies are becoming flatter. The num...
The Flattening Firm:Evidence from Panel Data on the Changing Nature of Corporate Hierarchies
Geographic Location Change Business Ventures Compensation and Benefits Rank and Position
2015/5/13
Using a detailed database of managerial job descriptions, reporting relationships, and compensation structures in over 300 large U.S. firms, we find that firm hierarchies are becoming flatter. The num...
Taxes And Charges On Nature's Bounties
resource rent tax natural resources economic thought
2011/10/23
The article discusses the controversy and intense national debate of resource rent tax after the National Budget which culminated in the replacement of the Prime Minister in Australia on May 2, 2010. ...
Man versus Nash: An experiment on the self-enforcing nature of mixed strategy equilibrium
Mixed Strategy Nash Equilibrium Experiment Hidden Markov Model
2011/4/2
We examine experimentally how humans behave when they play against a computer which implements its part of a mixed strategy Nash equilibrium. We consider two games, one zero-sum and another unprofitab...
The article presents a translation of some widespread financial terminology into the language of decision theory. For instance, financial leverage can be regarded as an object of choice or a decision....
The nature of price returns during periods of high market activity
price returns periods market activity
2010/10/22
By studying all the trades and best bids/asks of ultra high frequency snapshots recorded from the order books of a basket of 10 futures assets, we bring qualitative empirical evidence that the impact...
Long-term correlations and multifractal nature in the intertrade durations of a liquid Chinese stock and its warrant
Econophysics Stock and warrant Intertrade duration Correlation
2010/10/21
Intertrade duration of equities is an important financial measure characterizing the trading activities, which is defined as the waiting time between successive trades of an equity. Using the ultrahi...
Agency, Opportunity and Risk: Commercialization and Human-nature Relationships in Laos
Agency Opportunity Risk Commercialization Human-nature Relationships in Laos
2014/2/18
Laos, previously known as an isolated and land-locked country, has undergone rapid changes bringing it into the dynamic regional economy of Southeast Asia. Located strategically at the center of the r...
Making Robust Decisions in Discrete Optimization Problems as a Game against Nature
Discrete optimization minmax minmax regret game against nature
2009/7/17
In this paper a discrete optimization problem under uncertainty is discussed. Solving such a problem can be seen as a game against nature. In order to choose a solution, the minmax and minmax regret ...
Economic Complexity: Fundamental Issues And Policy ImplicationsThe Nature of Persistent Business Cyc
2008/1/17
The nature of persistent business cycles and growth fluctuations can be understood by a unified approach in measurement and theory. It is found that the HP trend-cycle decomposition provides a consist...
