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Author: Alan S. Blinder
Publisher:
ISBN:
Category : Wage surveys
Languages : en
Pages : 40
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Book Description
A small interview survey was undertaken to see how actual wage-setters would react to the central. ideas of several economic theories of wage stickiness. Wage cuts were surprisingly prevalent in recent years, despite the booming economy. The strongest finding was that managers believe that perceptions of fairness play a major motivational role in labor markets; and that a "fair" wage policy is a good deal more complicated than simply not cutting wages. We also found substantial evidence for money illusion and against the adverse-selection version of the efficiency wage model.
Author: Alan S. Blinder
Publisher:
ISBN:
Category : Wage surveys
Languages : en
Pages : 40
Get Book Here
Book Description
A small interview survey was undertaken to see how actual wage-setters would react to the central. ideas of several economic theories of wage stickiness. Wage cuts were surprisingly prevalent in recent years, despite the booming economy. The strongest finding was that managers believe that perceptions of fairness play a major motivational role in labor markets; and that a "fair" wage policy is a good deal more complicated than simply not cutting wages. We also found substantial evidence for money illusion and against the adverse-selection version of the efficiency wage model.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 17
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Book Description
Author: Jonathan A. Parker
Publisher: University of Chicago Press
ISBN: 022616554X
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
The twenty-eighth edition of the NBER Macroeconomics Annual continues its tradition of featuring theoretical and empirical research on central issues in contemporary macroeconomics. As in previous years, this volume not only addresses recent developments in macroeconomics, but also takes up important policy-relevant questions and opens new debates that will continue for years to come. The first two papers in this year’s issue tackle fiscal and monetary policy, asking how interest rates and inflation can remain low despite fiscal policy behavior that appears inconsistent with a monetary policy regime focused only on inflation and output and not on fiscal balances as recently observed in the U.S. The third examines the implications of reference-dependent preferences and moral hazard in employment fluctuations in the labor market. The fourth paper addresses money and inflation, analyzing the long run inflation rate, the coexistence of money with pledgeable and money-like assets, and why inflation did not increase in response to business-cycle fluctuations in productivity. And the fifth looks at the stock market and how it relates to the real economy. The final chapter discusses the large and public shift towards more expansionary monetary policy that has recently occurred in Japan.
Author: Guido Erreygers
Publisher: Maklu
ISBN: 9044128558
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
This book contains 20 essays on macroecomics.
Author: Helen Zhang
Publisher: Trans Tech Publications Ltd
ISBN: 3038135925
Category : Technology & Engineering
Languages : en
Pages : 1825
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Book Description
Volume is indexed by Thomson Reuters CPCI-S (WoS). The goal of this collection of peer-reviewed papers was to provide researchers from the fields of Information Science, Automation and Materials Systems with a forum for sharing new ideas, innovations and solutions. The 371 peer-reviewed papers are grouped into the chapters: 1: Information Science and Automation, 2: Industry and Computer Applications, 3: Network Technology and Materials Engineering, 4: Intelligent Information and Applications, 5: Information Systems, Automation and Control, 6: Materials Engineering, Information and Automation, 7: Programming, Image and Industrial Application. Overall, the contents provide a useful handbook on the field.
Author: Robert J. Rossana
Publisher: Taylor & Francis
ISBN: 1136814183
Category : Business & Economics
Languages : en
Pages : 560
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Book Description
Research in macroeconomics in the last thirty years has featured, almost exclusively on two characteristics: an emphasis on the microfoundations of macroeconomics and secondly, intertemporal economics, that is, the behavior of economic actors over time. Curiously, textbooks in intermediate macroeconomics have been very slow to adopt these traits. The aim of this book is to bring intermediate instruction in macroeconomics fully into line with the direction taken by the research community. Key hallmarks of the text include: a full introduction to the microfoundations of consumption and investment a complete model of the labor market with profit maximization for firms to determine labor demand and a utility maximization model to determine labor supply an analysis of the Baumol-Tobin model to determine money demand accompanied by a discussion of traditional money supply Possessing a full range of additional learning features including a companion website, test bank and instructor’s manual, the book takes an international view of macroeconomics with case studies and examples from the United States and beyond.
Author: Linda Suzanne Folk
Publisher: Springer Nature
ISBN: 3031167953
Category : Psychology
Languages : en
Pages : 136
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Book Description
This book explores elements of team dynamics and interactions that block or enable effective ideation. The author investigates interpersonal dynamics, inhibitors of collaboration and boosters of ideation efficiency that govern the ability of a team to generate new and valuable ideas. Where it is widely accepted that teams are a necessity in the creative process, this book highlights the inconsistency in terms of quality and reliability of creative output when looking at teams. Why do some teams struggle, and others succeed in innovating? This book offers a valuable resource for those interested in the qualities and interventions that can impact the ideation potential of a team.
Author: George A. Akerlof
Publisher: Princeton University Press
ISBN: 1400834724
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government—simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life—such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes—and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits—the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time—unless we are prepared to take further, decisive action.
Author: Samuel Bowles
Publisher: Princeton University Press
ISBN: 0691158169
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
Why do humans, uniquely among animals, cooperate in large numbers to advance projects for the common good? Contrary to the conventional wisdom in biology and economics, this generous and civic-minded behavior is widespread and cannot be explained simply by far-sighted self-interest or a desire to help close genealogical kin. In A Cooperative Species, Samuel Bowles and Herbert Gintis--pioneers in the new experimental and evolutionary science of human behavior--show that the central issue is not why selfish people act generously, but instead how genetic and cultural evolution has produced a species in which substantial numbers make sacrifices to uphold ethical norms and to help even total strangers. The authors describe how, for thousands of generations, cooperation with fellow group members has been essential to survival. Groups that created institutions to protect the civic-minded from exploitation by the selfish flourished and prevailed in conflicts with less cooperative groups. Key to this process was the evolution of social emotions such as shame and guilt, and our capacity to internalize social norms so that acting ethically became a personal goal rather than simply a prudent way to avoid punishment. Using experimental, archaeological, genetic, and ethnographic data to calibrate models of the coevolution of genes and culture as well as prehistoric warfare and other forms of group competition, A Cooperative Species provides a compelling and novel account of how humans came to be moral and cooperative.
Author: Hans Lind
Publisher: Edward Elgar Publishing
ISBN: 1035332957
Category : Business & Economics
Languages : en
Pages : 135
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Book Description
This innovative book uses in-depth empirical studies of scientific articles and takes inspiration from Nobel laureates to explore how theories and models are used in economics. Hans Lind ultimately illustrates that economics studies a ‘chaos-theoretic’ system where a theory is a framework that helps formulate hypotheses rather than a set of statements about how an economy works.
