Aggregation Over Individual Decisions of Investment PDF Download
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Author: O. P. Attanasio
Publisher:
ISBN:
Category : Finance
Languages : en
Pages :
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Book Description
Author: O. P. Attanasio
Publisher:
ISBN:
Category : Finance
Languages : en
Pages :
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Book Description
Author: Thomas M. Stoker
Publisher: Forgotten Books
ISBN: 9780364825167
Category : Business & Economics
Languages : en
Pages : 110
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Book Description
Excerpt from Empirical Approaches to the Problem, of Aggregation Over Individuals The presence of these kinds of differences have one strong implication for aggregate economic activity. Namely, it matters how many households are large or small, how many are elderly and young, and how many companies are capital-intensive or labor-intensive. Such heterogeneity of concerns and reactions are an essential feature of the overall welfare impacts of changes in food prices, the overall impacts of interest rates on savings, or the impact of an investment tax credit. It is difficult to conceive of an important question of economic policy that does not have a distributional component, or a differential impact on economic players. It is likewise hard to envision how the impacts of relative price changes or of real income growth could be adequately summarized over time without some attention to the composition of the economy. Concerns over the issues raised by compositional heterogeneity of data on groups, such as data on economy-wide aggregates over time, are summarized under the heading of the problem of aggregation over individuals. Over the past decade, various approaches have been developed to account for compositional heterogeneity in empirical modeling of aggregate data, and the purpose of this survey is to discuss this work. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1589063856
Category : Business & Economics
Languages : en
Pages : 302
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Book Description
Financial Soundness Indicators (FSIs) are measures that indicate the current financial health and soundness of a country's financial institutions, and their corporate and household counterparts. FSIs include both aggregated individual institution data and indicators that are representative of the markets in which the financial institutions operate. FSIs are calculated and disseminated for the purpose of supporting macroprudential analysis--the assessment and surveillance of the strengths and vulnerabilities of financial systems--with a view to strengthening financial stability and limiting the likelihood of financial crises. Financial Soundness Indicators: Compilation Guide is intended to give guidance on the concepts, sources, and compilation and dissemination techniques underlying FSIs; to encourage the use and cross-country comparison of these data; and, thereby, to support national and international surveillance of financial systems.
Author: Philip J. Lund
Publisher: Elsevier
ISBN: 1483256901
Category : Mathematics
Languages : en
Pages : 176
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Book Description
Advanced Textbooks in Economics: Investment: The Study of an Economic Aggregate focuses on the principles, methodologies, and approaches involved in the determination of investments. The book first offers information on the theories of aggregate investment and statistical and questionnaire studies. Discussions focus on statistical studies, tax incentives and disincentives to investment, capital stock adjustment models, acceleration principle, replacement investment, level of aggregation, sources of funds, neoclassical theory of capital accumulation, and tax incentives and disincentives to investment. The text then examines the estimation of lag distributions, including geometrically declining lag distributions, Pascal and rational distributions, variable lag distributions, and the first-in first-out method. The publication ponders on econometric studies, as well as United Kingdom and United States studies, two-stage studies of investment, and guidelines for future research. The text is a dependable source of information for economists and researchers interested in economic aggregates.
Author: Elias Albagli
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
Author: H.A. John Green
Publisher: Princeton University Press
ISBN: 1400876664
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
Professor Green discusses the definition of consistent aggregation and the problem of grouping variables in a single equation; he deals with the aggregation of equations and the probable errors; and summarizes, with reference to the text, the considerations involved in selecting an appropriate form of aggregation. The author's survey presents a well-balanced overview and analysis of aggregation, and makes readily accessible for the first time much material otherwise difficult to obtain. Originally published in 1964. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author: Paul Beaudry
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This paper shows how the interaction between decentralized information gathering and discreteness of investment decisions at the individual level can generate random fluctuations in aggregate investment that involve occasionally large allocation errors. This interaction is illustrated in a model in which private information is costly to acquire and prices reveal information. The unique rational expectations equilibrium outcome of the model is shown to always be noisy and characterized by investment levels which may be high simply because uninformed investors are buying under the impression that the high price is a signal of good investment opportunities.
Author: J. van Daal
Publisher: Springer Science & Business Media
ISBN: 9400963343
Category : Social Science
Languages : en
Pages : 329
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Book Description
Our interest in problems of aggregation originates from about seven years ago when we became involved in research in the field of applied microeconomics. To our astonishment a vast majority of researchers in this area took it for granted that their, mostly thoroughly derived, micro models could meaningfully be confronted with per capita data. Nany of them did not even realize - at least they gave no utterance to it - that applying macro data in micro models raises considerable problems. Those who did mention the difficulty, almost always belittled its importance. Fortunately, there are noteworthy exceptions. Thinking about aggregation raises at least two questions: "Why or why not aggregate?" and "How to aggregate and, in particular, to what degree?" General answers to these questions can only be given in uninformative wording (as many assertions in economics): one aggregates for the sake of tractability, because of the lack of (individual) data, to avoid or to reduce multicollineartiy, to save degrees of freedom; one abstains from aggregation to avoid loss of information, to avoid aggregation biases and one aggregates such and to such degree as to bypass or reduce the drawbacks mentioned above.
Author: Tobias Wittmann
Publisher: Springer Science & Business Media
ISBN: 3790820040
Category : Technology & Engineering
Languages : en
Pages : 124
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Book Description
As societies face the challenge of securing an efficient and environmentally sound energy supply, researchers have strived to determine the future development of energy consumption, infrastructure and technology endowment. This book proposes a new agent-based approach to studying the development of urban energy systems. Decisions of private and commercial investors and operators are modeled using a bounded rational decision model which are parameterized by socio-economic data.
Author: Jack Reardon
Publisher: Routledge
ISBN: 1135276021
Category : Business & Economics
Languages : en
Pages : 362
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Book Description
This book provides a blueprint for those interested in teaching from a pluralist perspective, regardless of ideology. It provides educators, policy makers and students with helpful suggestions for implementing pluralism into pedagogy, by offering detailed suggestions and guidelines for incorporating pluralist approaches tailored to specific individual courses. The Handbook for Pluralist Economics Education specifically provides practical suggestions for professors willing to implement pluralism in the classroom and increases the pedagogical influence of pluralist economics while reducing the hegemony of monism at any level.
