Economics Commons^™

Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii

Economics Faculty Research

The article discusses how the intermediate macroeconomics instructor can introduce students to ways of old and new Keynesians and classical theorists addressed the question on why output and employment fluctuate. Keynesian macroeconomics characterizes a school of thought developed around two central prepositions. New Keynesians develop alternative ways of explaining short-run movements in output and employment in the early 1970's. All individuals maximize utility, firm maximizes profits. Recently, new classicals developed an alternative approach in explaining short-run fluctuation in employment and output by redefining the concept of the short run.

Central Bank Of Nigeria Statistical Bulletin June 1997, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from financial statements and balance sheets, which are designed to meet legal and administrative requirements rather than economic analysis needs. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department to compile the CBN analytical accounts. However, major revisions were made due to imprecise definitions, improper classification, inadequate sectorization, inaccuracies, irregular valuation procedures, and errors in data compilation on foreign assets. The Computer Services Department uses high-level computing to generate both summary and detailed analytical balance sheets based on the end-month BANKOS 302 of the CBN, Lagos branch. The consolidation …

Asia’S Emerging Equity Markets: Diversification Vs Return Enhancement, Julian E Gaspar

IIMB Management Review

What accounts for the relative attractiveness of Asia's emerging equity markets to an American Fund Manager? Following a brief overview of portfolio flows to developing countries, an empirical analysis of Asia's emerging equity markets is conducted to rank them on the basis of risk diversification using correlation analysis. This is followed by an analysis and ranking of Asia's emerging equity markets in terms of total returns with a summary of the major findings in terms of risk diversification and return enhancement. In addition, India's equity market is given a closer look to determine key macro economic and institutional issues that …

Weisskopf Cje, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (n.d.). Various macroeconomic equations [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1996, May 26). Buenos Aires presentation: Long-term patterns, basic methodology, and an introduction focusing on Marx’s work as the foundation [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, February 9). Measuring excess demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1988, June 15–17). Barcelona outline and presentation: Intrinsic dynamics, classical approaches to long-run dynamics, determinants of capacity and output, and their implications [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, January 20). SRGOVT4 [Printout for a PERSONAL TUTSIM short-run model with government and …

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Macro Framework, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1997, January 8). Bank sector model [Unpublished handwritten notes].

• Shaikh, A. (n.d.). Calculations and equations [Unpublished handwritten manuscript page].

• Shaikh, A. (1997, February 2). Macrofinance (MF1) [Computer model printout with code, graphs, and handwritten annotations].

Hicks Capital & Growth, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1988, May 4). Hicks: Capital & growth [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, March 7). Monetary base & money supply [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1996, May 26). Buenos Aires [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, May). Macrodynamics [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, May). (Mexico 5/97) Macro dynamics, cycles, & growth [Handwritten notes]. Unpublished manuscript.

Eco 210s General, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1997, September 26). RAL [Handwritten notes; unpublished manuscript].

• Kuznets, S. (1965). Economic growth and income inequality. In Economic growth and structure: Selected essays (pp. xx–xx). W. W. Norton & Company.

• Shaikh, A., PhD. (1997, Summer). Economic issues in current political debates [Syllabus for Econ 125; unpublished manuscript].

• Shaikh, A. M. (1991, Fall). Curriculum vitae [Unpublished manuscript].

• Shaikh, A., PhD. (1996, Summer). Economic issues in the upcoming elections [Syllabus for Econ 125; unpublished manuscript].

• Shaikh, A., PhD. (1993, September 12). Macroeconomic references [Unpublished manuscript].

• Shaikh, A., PhD. …

Xr Project, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Notes on national competition, absolute advantage, standard model empirical evidence, and Marx’s response to Ricardo’s problem [Unpublished handwritten notes].

• Shaikh, A., PhD. (n.d.). Effective real exchange rates and effective real unit labor costs: S. Africa [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Interest rate differentials: U.S.–trading partners (long term and short term) [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Industrial RULC and real exchange rate [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Short-term interest rate differentials and capital inflow [Unpublished chart].

• Shaikh, A., PhD. (n.d.). Greece: RXR vs. RULCRATIO [Unpublished …

Notes On The Estimation Of Regulating Profit Rates, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Zacharias, A. (1997, May). Notes on the estimation of regulating profit rates [Unpublished manuscript].

• Shaikh, A. (1997, June 13). Marginal profit rates and long term returns [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, June 12). Cheryl Bowles (?) / Godley trade model research [Handwritten notes]. Unpublished manuscript.

• Armstrong, P., & Glyn, A. (1980, March). The law of the falling rate of profit and oligopoly: A comment on Shaikh. Cambridge Journal of Economics, 4(1), 69–70. Oxford University Press (for the Cambridge Political Economy Society).

Money Stock, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Money stock 3/97 [Archival folder]. (1997, March).

• James S. Earley, Robert J. Parsons, & Frank A. Thompson. (1976). Money, credit, and expenditure: A sources and uses of funds approach (Bulletin 1976-3). New York, NY: New York University Graduate School of Business Administration, Center for the Study of Financial Institutions.

• Anwar Shaikh. (1996, November). Charts and tables on monetary and credit stocks, nominal GDP, and related variables [Unpublished data tables and charts]. New York, NY: Author.

• Anwar Shaikh. (1995, December 26). Gold prices and inflation [Unpublished handwritten notes]. New York, NY: Author.

• Anwar Shaikh. (n.d.). Excess …

Notes On An Hahn Equilibrium Paper, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Hahn, F. H. (1984). Equilibrium and macroeconomics. Basil Blackwell.
• Shaikh, A. (1997). Ex ante stock-flow matrix with government, banks and foreign sector (Unpublished manuscript).
• Shaikh, A. (1984). The new microeconomics (Eichner) (Unpublished manuscript).

The Economics Of Prefunding Social Security And Medicare Benefits, Martin Feldstein, Andrew Samwick

Dartmouth Scholarship

This paper presents a detailed analysis of the economics of prefunding benefits for the aged, focusing on social security but indicating some of the analogous magnitudes for prefunding Medicare benefits. We use detailed census and social security information to model the transition to a fully funded system based on mandatory contributions to individual accounts. The funded system that we examine would permanently maintain the level of benefits now specified in current law and would require no new government borrowing (other than eventually selling the bonds that are officially in the social security trust fund). During the transition, the combined rate …

Money Stock, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Money stock 3/97 [Archival folder]. (1997, March).

• James S. Earley, Robert J. Parsons, & Frank A. Thompson. (1976). Money, credit, and expenditure: A sources and uses of funds approach (Bulletin 1976-3). New York, NY: New York University Graduate School of Business Administration, Center for the Study of Financial Institutions.

• Anwar Shaikh. (1996, November). Charts and tables on monetary and credit stocks, nominal GDP, and related variables [Unpublished data tables and charts]. New York, NY: Author.

• Anwar Shaikh. (1995, December 26). Gold prices and inflation [Unpublished handwritten notes]. New York, NY: Author.

• Anwar Shaikh. (n.d.). Excess …

Unemployment, See World Pol Eco 108, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1978, December). National income accounts and Marxian categories [Incomplete typescript manuscript comparing Marxian and Keynesian national-income categories, with empirical figures, statistical tables, appendices, and bibliography].

Central Bank Of Nigeria Statistical Bulletin, December 1996, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from documents like balance sheets and financial statements to meet legal and administrative requirements, rather than economic analysis. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department, while the Financial Statistics Office compiles the analytical CBN balance sheet. Monetary authorities and deposit money banks consolidate accounts to produce monetary survey accounts. Monthly interest rate returns compute weighted average lending and deposit interest rates, and deposit rates are computed for various maturities. Clearing house statistics show the number and value of cheques cleared within the commercial banking system, reflecting the …

Whatever Happened To The Stock Markets, R Vaidyanathan

IIMB Management Review

No abstract provided.

Uncertainty And The Institutional Structure Of Capitalist Economies, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Central Bank Of Nigeria Statistical Bulletin, June 1996, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from documents like balance sheets and financial statements, which are primarily designed for legal and administrative purposes. The Finance and Accounts Department uses Bloomberg sources to prepare CBN accounting balance sheet data for the Research Department to compile analytical accounts. The Financial Statistics Office compiles the analytical CBN balance sheet without reclassifications or rearrangements of available accounting data. The consolidation of accounts of monetary authorities and deposit money banks produces monetary survey accounts. Monthly interest rate returns are used to compute weighted average lending and deposit interest rates. Deposit rates are computed for various maturities. Clearing …

Inflation Forecasts: How Good Are They?, Dean D. Croushore

Economics Faculty Publications

Forecasts of inflation affect decision-making in many segments of the economy. But in the early 1980s, economists found that forecasts in surveys taken over the past 20 years systematically underpredicted inflation. As a result, many economists stopped paying attention to forecasts. However, they may have abandoned them too quickly. In this article, Dean Croushore takes a closer look at survey forecasts and, after considering some relevant factors, concludes that inflation forecasts may not be as bad as you think.

Interest Rate Differentials, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Bilateral interest rate differentials: U.S. – Japan [Unpublished graph].

• Shaikh, A., PhD. (n.d.). U.S. exchange rate policy rules of thumb [Unpublished graph].

• Shaikh, A., PhD. (n.d.). Interest rate differentials: U.S. – trading partners (long term and short term) [Unpublished graph].

Monopolistic Competition Revisited, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Chamberlin, E. H. (1951, November). Monopolistic competition revisited. Economica, 18(72), 343–362.

• Shaikh, A. (1992, July 29). Patinkin on bonds [Handwritten notes]. Universidad Complutense cursos de verano stationery.

• Shaikh, A. (1996, July 14). Finance, expenditure and effective demand (File: c:\macroec\effdd02.wpd) [Unpublished manuscript].

• Shaikh, A. (1996, June 18). Finance, expenditure and effective demand (File: c:\macroec\effdd01.wpd) [Unpublished manuscript].

• Shaikh, A. (1996, September 15). Patinkin: “Walras’ law” [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 18). Foundations of macro models [Handwritten course notes for ECO 2105]. Unpublished manuscript.

• Shaikh, A. (n.d.). Flex-price model …

Growth Lectures, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1982, October). Growth lectures [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1998, September 24). Module on the foundations of growth theory [Reading list; unpublished manuscript].

• Shaikh, A., PhD. (1982, October 15). Kalecki’s political aspects of full employment [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1991, November 21). Possibilities of growth in a capitalist economy: Historical overview [Diagram; unpublished manuscript].

• Shaikh, A., PhD. (n.d.). Growth, Marx, and Harrod [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1996, May 28). Buenos Aires II: Growth, effective demand, crises [Handwritten notes; unpublished manuscript]. …

Notes On Flow Of Funds Accounts, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Anwar Shaikh. (1996, January). Notes on flow of funds accounts [Unpublished typed notes]. New York, NY: Author.

The Economic Analysis Of Advanced Capitalism, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Small ex ante macromodel: K/S version [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Lavoie [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2001, January). The economic analysis of advanced capitalism II [Syllabus for Economics 205]. Unpublished manuscript.

• Appendix on nonlinear dynamical systems (p. 27) [Typed document page]. (n.d.).

• Shaikh, A. (1995, July 20). Aggregate demand–demand theories [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1995, July 24). Aggregate demand–demand theories [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Finance and expenditure with government [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1995, February …

The Stock Market As A Leading Indicator: An Application Of Granger Causality, Brad Comincioli

University Avenue Undergraduate Journal of Economics

The purpose of this paper, then, is to evaluate stock prices as a leading indicator of economic activity. Time-series analysis and the notion of "Granger causality" are used in this project to estimate relationships between stock prices and the economy, and to see if they are consistent with theory. In this paper, we will explore the following questions. First, does the stock market lead the real economy, in the sense that variation in its past values explains some of the variation in the real economy? Second, does the stock market "Granger-cause" the real economy, in which case past values of …

The Price Level Implicit In Keynes' Effective Demand, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Parrinello, S. (1980, Fall). The price level implicit in Keynes’ effective demand. Journal of Post Keynesian Economics. Publisher details not identified.

• Weintraub, S. (1980, Fall). Comment on aggregate demand and price level diagrammatics. Journal of Post Keynesian Economics. Publisher details not identified.

• Shaikh, A., PhD. (1996, June 14). Finance, expenditure, and effective demand [Unpublished manuscript].

• Shaikh, A., PhD. (1996, June 19). Expectations, Keynes, and Walras’ law [Handwritten notes; unpublished manuscript].

Uelectric (Foss Cap Utiliz Index), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1987, March). Velectric (Foss cap utiliz index) [Folder cover with handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1987, February 23). U1mh, ue2: Further research [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1987, February). Uelec2, frbcu, new McGH cu: Alternate measures of cap utiliz (File: invest1.wk1; file: invest1.wk1; graph for invest1.wk1) [Graph]. Unpublished manuscript.

• Shaikh, A. (1987, February). Ratios u1mh/ue2 and u1mh/ufrb: Alternate measures of cap utiliz (File: invest1.wk1; ratiosu) [Graph]. Unpublished manuscript.

• Shaikh, A. (1987, March 1). U1mh vs. MH operating rate: Alternate measures of cap utiliz (File: invest1.wk1; mhurates) [Graph]. Unpublished …

Central Bank Of Nigeria Statistical Bulletin, December 1995, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from balance sheets and financial statements, which are primarily designed for legal and administrative purposes rather than economic analysis. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department, using the monthly return of Assets and Liabilities and the summary trial balance as benchmarks. The Financial Statistics Office compiles the analytical CBN balance sheet without major reclassifications or rearrangements. The consolidation of accounts of monetary authorities and deposit money banks produces monetary survey accounts. Deposit money banks are highly prone to volatility and fragility, making them subject to regulations and …

Tariff For Revenue, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

A shorter form of this is also attached.

The Employment System, Social Security And Structure Of Household Savings, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.