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文件名称(纯文本显示本分类文件列表)

◆ A mathematical theory of saving(拉姆齐)

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拉姆齐的经典文献,据说是一篇超前时代几十年的不朽之作。...
1454KB
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2004-08-10

◆ Property taxation, congestion, and local public ods(John Douglas Wilson)

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John Douglas Wilson The residential property tax has been viewed as a congestion fee, even if it distorts housing decisions. This paper shows that the rule for a competitive jurisdiction’s optimal...
104KB
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2004-07-31

◆ Vector Autoregressions(James H. Stock&Mark W. Watson)

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James H. Stock and Mark W. Watson Macroeconometricians do four things: describe and summarize macroeconomic data, make macroeconomic forecasts, quantify what we do or do not know about the true stru...
378KB
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2004-07-31

◆ One decade of inflation targeting in the world:what do we know and what do we ne

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Frederic S. Mishkin & Klaus Schmidt-Hebbel One decade of inflation targeting in the world offers lessons on the design and implementation of inflation targeting, the conduct of monetary policy, and c...
359KB
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2004-07-31

◆ Fiscal Policies in a Stochastic Model with Hyperbolic Discounting(Liutang ng)

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Liutang ng In this paper, we study the effects of fiscal policies on economy in a stochastic model with hyperbolic discounting rate. With specific assumptions on the production technology, prefere...
280KB
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2004-07-31

◆ How the Rational Expectations Revolution has changed the Macroeconomic Policy Re

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John B. Taylor STANFORD UNIVERSITY Revised Draft: February 29, 2000 Written versions of lecture presented at the 12th World Congress of the International Economic Association, Buenos Aires, Argenti...
99KB
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2004-07-30

◆ Reassessing Discretionary Fiscal Policy(John B. Taylor)

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John B. Taylor John B. Taylor is the Mary and Robert Raymond Professor of Economics, Stanford University, Stanford, California. (johnbtaylor@stanford.edu) Abstract: Recent changes in policy research...
213KB
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2004-07-30

◆ Alternative Views of the Monetary Transmission Mechanism:What Difference Do They

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By John B. Taylor Stanford University December 2000 Abstract: This paper examines how alternative views of the monetary transmission mechanism affect the choice of a monetary policy rule. The main...
83KB
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2004-07-30

◆ Recent Development in the Use of Monetary Policy Rules(John B. Taylor)

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John B. Taylor Stanford University 16 July 2000 A written version of a dinner speech given at the conference, “Inflation Targeting and Monetary Policies in Emerging Economies” at the Central Ba...
53KB
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2004-07-30

◆ Low Inflation, Deflation, and Policies for Future Price Stability(John B. Taylor

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A Keynote Speech By John B. Taylor Stanford University 3 July 2000 Prepared for the Ninth International Conference, “The Role of Monetary Policy under Low Inflation: Deflationary Shocks and th...
223KB
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2004-07-30

◆ Expectations, Open Market Operations, and Changes in the Federal Funds Rate(John

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John B. Taylor Stanford University January 2001 Abstract: This paper develops a simple linear stochastic rational expectations model of the federal funds market. The model includes both a trading d...
460KB
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2004-07-30

◆ The invisible hand and modern welfare economics(Joseph E. Stiglitz)

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Joseph E. Stiglitz This paper reviews and puts into perspective recent work reassessing the first and second Fundamental theorems of welfare economics. It assesses the implications of the Greenwald-s...
1656KB
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2004-07-26

◆ Consumption Over the Life Cycle(Pierre-Olivier urinchas & Jonathan A.Parker)

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Pierre-Olivier urinchas and Jonathan A.Parker This paper employs a synthetic cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over...
634KB
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2004-07-26

◆ On the Failure of Core Convergence in Economies with Asymmetric Information(Robe

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Roberto Serrano and Rajiv Vohra and Oscar Volij In interim economies with asymmetric information, we show that the coarse core of Wilson (1978) does not converge to price equilibrium allocations a...
158KB
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2004-07-26

◆ business cycles in emerging economies:The role of country risk(Pablo A.Neumeyer

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By Pablo A.Neumeyer and Fabrizio Perri ...
265KB
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2004-07-17

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