On the role of expectations of price changes and technological change in an investment function

On the role of expectations of price changes and technological change in an investment function PDF Author: Albert Ando
Publisher:
ISBN:
Category :
Languages : en
Pages : 52

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On the role of expectations of price changes and technological change in an investment function

On the role of expectations of price changes and technological change in an investment function PDF Author: Albert Ando
Publisher:
ISBN:
Category :
Languages : en
Pages : 52

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Book Description


ON THE ROLE OF EXPECTATIONS OF PRICE CHANGES AND TECHNOLOGICAL CHANGE IN AN INVESTMENT FUNCTION

ON THE ROLE OF EXPECTATIONS OF PRICE CHANGES AND TECHNOLOGICAL CHANGE IN AN INVESTMENT FUNCTION PDF Author: Franco MODIGLIANI
Publisher:
ISBN:
Category :
Languages : en
Pages :

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ON THE ROLE OF EXPECTATIONS OF PRICE CHANGES AND TECHNOLOGICAL CHANGE IN AN INVESTMENT FUNCTION

ON THE ROLE OF EXPECTATIONS OF PRICE CHANGES AND TECHNOLOGICAL CHANGE IN AN INVESTMENT FUNCTION PDF Author: Stephen John TURNOVSKY
Publisher:
ISBN:
Category :
Languages : en
Pages :

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ON THE ROLE OF EXPECTATIONS OF PRICE CHANGES AND TECHNOLOGICAL CHANGE IN AN INVESTMENT FUNCTION

ON THE ROLE OF EXPECTATIONS OF PRICE CHANGES AND TECHNOLOGICAL CHANGE IN AN INVESTMENT FUNCTION PDF Author: Robert H. RASCHE
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Technological Change and the Environment

Technological Change and the Environment PDF Author: Arnulf Grübler
Publisher: Routledge
ISBN: 1136522913
Category : Nature
Languages : en
Pages : 414

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Book Description
Much is written in the popular literature about the current pace of technological change. But do we have enough scientific knowledge about the sources and management of innovation to properly inform policymaking in technology dependent domains such as energy and the environment? While it is agreed that technological change does not 'fall from heaven like autumn leaves,' the theory, data, and models are deficient. The specific mechanisms that govern the rate and direction of inventive activity, the drivers and scope for incremental improvements that occur during technology diffusion, and the spillover effects that cross-fertilize technological innovations remain poorly understood. In a work that will interest serious readers of history, policy, and economics, the editors and their distinguished contributors offer a unique, single volume overview of the theoretical and empirical work on technological change. Beginning with a survey of existing research, they provide analysis and case studies in contexts such as medicine, agriculture, and power generation, paying particular attention to what technological change means for efficiency, productivity, and reduced environmental impacts. The book includes a historical analysis of technological change, an examination of the overall direction of technological change, and general theories about the sources of change. The contributors empirically test hypotheses of induced innovation and theories of institutional innovation. They propose ways to model induced technological change and evaluate its impact, and they consider issues such as uncertainty in technology returns, technology crossover effects, and clustering. A copublication o Resources for the Future (RFF) and the International Institute for Applied Systems Analysis (IIASA).

The Role of Technological Change in Regularizing Private Investment

The Role of Technological Change in Regularizing Private Investment PDF Author: Yale Brozen
Publisher:
ISBN:
Category :
Languages : en
Pages : 52

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Inflation Expectations

Inflation Expectations PDF Author: Peter J. N. Sinclair
Publisher: Routledge
ISBN: 1135179778
Category : Business & Economics
Languages : en
Pages : 402

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Book Description
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

Technology Shocks and Aggregate Fluctuations

Technology Shocks and Aggregate Fluctuations PDF Author: Mr.Pau Rabanal
Publisher: International Monetary Fund
ISBN: 1451875657
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.

Macrodynamics: Fluctuations and Growth

Macrodynamics: Fluctuations and Growth PDF Author: Pierre-Yves Hénin
Publisher: Routledge
ISBN: 1135033463
Category : Business & Economics
Languages : en
Pages : 465

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Book Description
Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth, fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include: * Non-clearing markets * Involuntary unemployment * Persistent inflation. As well as full coverage of the English-language literature, Macrodynamics covers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont.

HERMES: Harmonised Econometric Research for Modelling Economic Systems

HERMES: Harmonised Econometric Research for Modelling Economic Systems PDF Author: Commission of the European Commission of the European Com
Publisher: Elsevier
ISBN: 1483297586
Category : Business & Economics
Languages : en
Pages : 726

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Book Description
The "HERMES" European system of models is featured in this book. This system was set up at the initiative of the Commission of the European Communities (Directorate-General for Science, Research and Development). It involves a series of medium term, macrosectoral econometric models in which energy plays a special role as a production factor. The different models are interlinked by a bilateral flow module, which describes for each product the trade between all the Community countries taken in twos. The United States, Japan and five zones are represented in this by simplified versions of the Commission's COMET model. This volume will help the reader to understand and interpret the numerous studies which have been undertaken with the help of the HERMES system. Economists and researchers will find valuable information and figures, with a common nomenclature, on the economies of the different countries, both on structural data and on economic operators.