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The State of the Economy and Principles for Fiscal Stimulus
Fiscal Stimulus industrial production
2015/8/3
The financial crisis evidenced in Figure 1 can be traced to unusually low interest
rates in the early part of this decade which let to the housing boom and bust, and then to
massive delinquencies an...
Thank you Chairman Frank, Ranking Member Bachus, and other members of the
House Committee on Financial Services for giving me the opportunity to testify on
monetary policy and the state of the econo...
It has been more than three years since the economic crisis first flared up in August 2007,
and the U.S. economy is still operating far below its potential. Unemployment is high at 9.8%
(November 20...
Coincidence,data compression,and Mach’s concept of “economy of thought”
Coincidence data compression Mach’s concept economy of thought
2015/7/30
A case is made that Mach’s principle of “economy of thought”, and therefore usefulness, is related to the compressibility of data, but that a mathematical expression may compress data for reasons that...
Evolutionary Economics celebrates Innovation and Creativity based Economy
evolutionary economics global economy creativity innovation diversification memetics
2015/7/28
The paper draws issue on the evolutionary economics that open our mind on seeing economy as growing and living organism with any characters of robustness, self-organization, adaptation, and evolution....
Why Does the Economy Fall to Pieces after a Financial Crisis?
Economy Fall Financial Crisis
2015/7/20
Existing macroeconomic models account successfully for the immediate effects of a financial crisis on output and employment. I will lay out a simple macro model that captures the most important featur...
he Impact of Administrative Power on Political and Economic Development: Toward Political Economy of Implementation
Administrative Powe Economic Development
2015/7/20
Why did limited government and 'constitutionalism' (the rule of law, constitutional rules, and
political representation) evolve in some societies but not others? Guided by history, this paper
examin...
The liberation legacy: literalist and normative torchbearers battle for the post-society economy
mines banks monopoly industries
2015/6/18
The nationalisation of the mines, banks and monopoly industries is the
policy of the ANC, and the change or modification of our views in this
regard is inconceivable.
A Simple Political Economy of Relations among Democracies and Autocracies
Simple Political Economy Relations among Democracies Autocracies
2015/6/8
I consider a simple political economy model of international conict in which the value of conquest depends on the tax policy that would be implemented in conquered territory by the median voter in a ...
At least since Montesquieu, theorists of federalism have viewed it as a
solution to a basic challenge—how to extend effective government beyond the
confines of the city-state. For Rousseau, good g...
The Political Economy of Religion and Social Insurance in the United States,1910–1939
The Political Economy Religion and Social Insurance United States
2015/6/5
There are few scholars who would disagree with the proposition that individual economic position and economic risk play a critical role in shaping preferences for income redistribution and social insu...
Public Inflation Aversion and the Political Economy of Macroeconomic Policymaking
Public Inflation Aversion the Political Economy Macroeconomic Policymaking
2015/6/5
Do the macroeconomic priorities of citizens differ across countries? If so, what accounts for this variation and what are its consequences for explanations of the choice of monetary institutions, macr...
The Implications of Unverifiable Fair-Value Accounting:Evidence from the Political Economy of Goodwill Accounting
Accounting fair values politics standard setting
2015/5/12
I study the evolution of Statement of Financial Accounting Standard (SFAS) # 142, which uses unverifiable fair-value estimates to account for acquired goodwill. I find evidence consistent with the Fin...
Competitiveness at the Crossroads:Choosing the Future Direction of the Russian Economy
Macroeconomics Microeconomics Globalized Economies and Regions Policy
2015/5/12
The report synthesizes, interprets, and draws implications about Russia's economic progress, applying the Porter competitiveness framework. It is part of a Strategic Audit of the Russian Federation, a...
Sweden's Position in the Global Economy
Economy Financial Crisis Government and Politics Policy Globalization Competitive Advantage
2015/5/12
In the spring of 2012, the Swedish economy is, as many of its peers, facing a difficult and uncertain economic environment. While these challenges are real, the Swedish economy looks much better prepa...