Social and Behavioral Sciences Commons^™

Coordinating Coordination Failures In Keynesian Models, Russell Cooper, John Andrew

Cowles Foundation Discussion Papers

This paper focuses on the importance of strategic complementarity in agents’ payoff functions as a basis for macroeconomic coordination failures. We first analyze an abstract game and find that inefficient equilibria and a multiplier process may arise in the presence of strategic complementarities (essentially positively sloped reaction curves). We then place additional economic content on complementarities arising from production functions, matching technologies and commodity demand functions in a multi-sector economy.

The Balance Of Payments Adjustment Mechanism In A Rational Expectations Equilibrium, Richard H. Clarida

Cowles Foundation Discussion Papers

This paper provides a choice theoretic, general equilibrium account of the balance of payments adjustment process and the determination of national price levels in a world comprised of countries populated by rational households. Balance of payments adjustment dynamics arise in the equilibrium of this model from the precautionary saving behavior of risk-averse households who self-insure against random productivity fluctuations by accumulating, via balance of payments surpluses in productive periods, buffer stocks of domestic money which can be drawn down to finance payments deficits, and thus a less variable profile of consumption relative to output, when productivity is unexpectedly low. Precautionary …

Book Review Forum On Douglas Oliver's Two Tahitian Villages: A Study In Comparison, Douglas Oliver, Paul Shankman, Greg Dening, F. Allan Hanson

Pacific Studies

No abstract provided.

The Commercial Timber Industry In Colonial Papua New Guinea, W. J. Jonas

Pacific Studies

No abstract provided.

Time Series Regression With A Unit Root, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper studies the random walk in a general time series setting that allows for weakly dependent and heterogeneously distributed innovations of the type recently considered in [39] and [40]. It is shown that simple least squares regression consistently estimates a unit root under very general conditions in spite of the presence of autocorrelated errors. The limiting distribution of the standardized estimator and the associated regression t -statistic are found using functional central limit theory. New tests of the random walk hypothesis are developed which permit a wide class of dependent and heterogeneous innovation sequences. A new limiting distribution theory …

Time-Expired Melanesian Labor In Queensland: An Investigation Of Job Turnover, 1884-1906, Ralph Shlomowitz

Pacific Studies

No abstract provided.

F. R. Fosberg's Review Of Gilbert Cuzent's Archipel De Tahiti: Recherches Sur Les Principales Productions Végétales, F. R. Fosberg

Pacific Studies

No abstract provided.

Noel J. Kent's Review Of Ronald Takaki's Pau Hana: Plantation Life And Labor In Hawaii, 1835-1920, Noel J. Kent

Pacific Studies

No abstract provided.

Review Of "Self-Management: Economic Theory And Yugoslav Practice" By S. Estrin And "The Effects Of Economic Reform In Yugoslavia: Investment And Trade Policy" By J. P. Burkett, Frederic L. Pryor

Economics Faculty Works

No abstract provided.

Review Of Prices, Wages And Business Cycles By Burton H. Klein, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Ricardo, Sraffa, & Marx, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Reading list for Econ 210 (Spring 1985)

• Annotated document titled Appendix: Prices, exchange values, and value

• Reading list for Econ 211S (Spring 1984)

• Reading list for Econ 308S (Fall 1975)

• Handwritten phone and address list for Econ 211 (February 1984)

• Handwritten to-do list

• Class roster for Econ 211 (January 27, 1984)

Reorientation Of A Nigeria's Industrial Policies: A Suggested Approach, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The theme which I wish to explore is that further improvement, indeed maintenance, of the general living standards of Nigerians which will require a rapid growth of the non-oil economy must grow not only to compensate for the decline in oil earnings but also to effect the desired increase in incomes, foreign exchange earnings and public revenue. The domination of oil income in the balance of payments and federal government revenue at present is such that for one percent decrease in oil income, the non-oil component must rise by roughly ten percent to prevent exports or government revenue from declining. …

A Program For Reducing The Federal Budget, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum explains why it is important to reduce the federal budget and proposes ways to achieve this.

The Economic Impact Of The U.S. Department Of Energy In New Mexico (Fy 1984) [Revised], University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report provides an updated macroeconomic analysis of the U.S. Department of Energy's (DOE) financial impact on the New Mexico economy during fiscal year 1984. Prepared by the Bureau of Business and Economic Research at the University of New Mexico, the study utilizes refined multiplier models and agency data to show that DOE's $1.275 billion in direct state expenditures generated $2.337 billion in expanded economic income. Additionally, these funds supported a total of 76,700 jobs—equivalent to 15.6% of the state's total nonagricultural employment—and accounted for roughly 22% of New Mexico's individual state income tax revenue.

Book Review Of An Introduction To Law And Economics, Stewart Schwab

Journal of Legal Education

No abstract provided.

Book Note Of Dilemmas Of Economic Coercion, Sanctions In World Politics, Janet L. Ambrosi

Journal of Legal Education

No abstract provided.

Book Note Of Implementing The Tokyo Round: National Constitutions And International Economic Rules, Stephen B. Reynolds

Journal of Legal Education

No abstract provided.

Long Term And Recent Farmland Market Developments In South Dakota, Cindy Swinson

Economics Commentator (1972- 2016)

No abstract provided.

Economis Review And Outlook_March 1984, University Of New Mexico Bureau Of Business And Economic Research, John Beasley, Brian Mcdonald

Historic Publications

NEW MEXICO ECONOMIC REVIEW AND OUTLOOK.

A Post-Keynesian Analysis Of Financial Markets, Wallace C. Peterson Ph.D.

Hyman P. Minsky Archive

Paper prepared for Missouri Valley Economic Assoc. Meeting, Memphis, Tn, March 8, 1985. Minsky's handwritten notes are on the paper.

Money And The Lender Of Last Resort, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Data And Reproduction, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Notes titled Capitalized drilling & exploration costs in K-shock

• Table from the BEA (1993) related to industry investments

• Econometric results for Econ 204

• Document titled Simple reproduction with prices deviating from values

• Handwritten Price-value deviations (April 1984)

• Brody, A. (1970). Proportions, prices and planning: A mathematical restatement of the labor theory of value

• Econometric results sent by Shaikh to Sinead at MATHSOFT (March 10, 1995)

• Four steps used in modifying the BEA asset—type by industry matrix (March 13, 1995)

• Message from ED to Shaikh regarding econometric methodology (March 13, 1995)

• Data tables (March 13, 1995)

• Appendices from …

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New Mexico Economic Review And Outlook For 1985, University Of New Mexico Bureau Of Business And Economic Research, Brian Mcdonald, John Beasley

BBER Publications

A report on the performance of the New Mexico economy and a brief outlook from the NM Economic Forecasting service.

The Case Against Tax Reform In 1985, Murray L. Weidenbaum

Murray Weidenbaum Publications

The Treasury Department's tax reform proposals in 1985 should be opposed because they would 1) reduce incentives for new investment; 2) reduce venture capital for high-tech and other enterprises; 3) raise the tax burden on small businesses; 4) would create uncertainty for investors regarding future tax rules; 5) reduce economic growth; and 6) weaken the financial position of states and of private non-profit institutions.

The Economic Impact Of The U.S. Department Of Energy In New Mexico (Fy 1984), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report details the significant macroeconomic footprint of the U.S. Department of Energy (DOE) on New Mexico's economy during fiscal year 1984. Prepared by the Bureau of Business and Economic Research at the University of New Mexico, the analysis establishes that DOE funding and operations—which primarily supported Los Alamos and Sandia National Laboratories—channeled $1.275 billion in direct expenditures into the state, generating $2.337 billion in total personal income and supporting approximately 76,700 total full-time-equivalent jobs (15.6% of the state's nonagricultural workforce).

The Economics Of Reduced Pressure Irrigation, Donald C. Taylor

Economics Commentator (1972- 2016)

No abstract provided.

Bureau Of Business And Economic Research_1966-1984, Steven W. Martin

BBER Publications

The report provides a comprehensive reconstruction and evaluation of demographic and economic indicators for Public Service Company of New Mexico (PNM) service areas over an eighteen‑year period. Drawing on federal, state, and locally derived data, the study compiles annual estimates of population, average household size, nonagricultural employment, and both current and real per capita income.

Revised Pnm Data Base Evaluation_02-06-1985, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The report presents revised annual estimates for the period 1966–1984 covering population, average household size, nonagricultural employment, and current and real per-capita income for major PNM service regions, including Albuquerque, Bernalillo, Belen, Deming (Luna County), Gallup, Las Vegas (San Miguel County), and Santa Fe.

Asymptotic Results For Generalized Wald Tests, Donald W.K. Andrews

Cowles Foundation Discussion Papers

This note presents (i) necessary and sufficient conditions for the consistency of estimators of Moore-Penrose inverted matrices, and (ii) sufficient conditions for convergence to a chi-square distribution of quadratic forms based on g-inverted weighting matrices. The latter results are needed to establish asymptotic significance levels and local power properties of generalized Wald tests (i.e., Wald tests with singular covariance matrices). Included in this class of tests are Hausman specification tests and various goodness of fit tests, among others. The results are relevant to procedures currently in the literature, since they illustrate that some results stated in the literature hold only …

Mel Bienenfeld Current, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Handwritten notes titled Mathematics for price-value deviations

• Mel (November 1, 1985; February 7, 1986)

• Handwritten letter to Professor Shaikh with equations (December 6, 1985)

• Mel's formula for price-value deviations (October 3, 1985)

• Annotated document Capital-labor ratios and price-value deviations by Mel Bienenfeld (November 1, 1985)

• Extremes of R and r/R in production prices (February 19, 1985)

• Mel's formulae II