Economics Commons^™

Renegotiation-Proof Equilibria: Collective Rationality And Intertemporal Cooperation, David G. Pearce

Cowles Foundation Discussion Papers

Cooperation in repeated games relies on the possibility that equilibrium play following some t -period history depends on more than simply the structure of the game remaining after the first t periods, that structure being always the same. In a nondegenerate theory of renegotiation, what a player expects, and the statements he finds credible at the end of period t must be affected by the history that has transpired, and perhaps by the implicit agreement that was in force. The solution concept proposed in this paper acknowledges both these influences, while imposing a certain stationarity on beliefs regarding what renegotiation …

Population And Employment Projections_Dec 1987, Lynn Bodin Wombold, Brian Mcdonald, John Temple

BBER Publications

The report provides county-level projections of population, age structure, migration, and nonagricultural employment for all 33 New Mexico counties through 2010. It combines demographic forecasting using a cohort-component model with economic and employment projections derived from county economic trends and statewide controls.

Floors And Ceilings, Endogenous Cycles, (Endogenous Breakdowns,) And Wall Street 1987, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the third of a series of four in that lecture series.

Theory Of Investment, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the second of a series of four in that lecture series.

Successful And Failed Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the first of a series of four in that lecture series.

Metropolitan Report - November 19, 1987, Division Of Business And Economic Research, College Of Business Administration, University Of New Orleans

UNO Metropolitan Report (1986-2017)

No abstract provided.

Economic Outlook For New Mexico And Albuquerque, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report provides a data-driven economic assessment and growth projection for the State of New Mexico and the Albuquerque metropolitan area through 1991. Compiled by the Bureau of Business and Economic Research at the University of New Mexico, the briefing pairs historical data with statistical charts to track sharp contractions across the state's mining and construction sectors during the mid-1980s, while modeling long-term economic stabilizing trends tied directly to expanding services employment and federal spending allocations.

Recession - But Not Depression - In Offing, Part 2, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns “The Economy from the Not-so Ivory Tower.”

Not Yet A Collapse, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Multiple Regression With Integrated Time Series, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Recent work on the theory of regression with integrated process is reviewed. This work is particularly relevant in economics where many financial series and macroeconomic time series exhibit nonstationary characteristics and are often well modeled individually as simple ARIMA processes. The theory makes extensive use of weak convergence methods and allows for integrated processes that are driven by quite general weakly dependent and possibly heterogeneously distributed innovations. The theory also includes near integrated time series, which have roots near unity, and cointegrated series, which move together over time but are individually nonstationary. A general framework for asymptotic analysis is given …

Investor Behavior In The October 1987 Stock Market Crash: Survey Evidence, Robert J. Shiller

Cowles Foundation Discussion Papers

Questionnaires were sent out at the time of the October 19, 1987 stock market crash to both individual and institutional investors inquiring about their behavior during the crash. Nearly 1000 responses were received. The survey results show that: 1. No news story or rumor appearing on the 19th or over the preceding weekend was responsible for investor behavior, 2. Investors’ importance rating of news appearing over the preceding week showed only a slight relation to decisions to buy or sell, 3. There was a great deal of investor talk and anxiety around October 19, much more than suggested by the …

A Note On An Optimal Garnishing Rule, Martin Shubik, Pradeep Dubey

Cowles Foundation Discussion Papers

A simple optimal garnishing rule to discourage strategic bankruptcy is derived.

Is Takeover Fever Jeopardizing Our Nation's Health?, Ellen B. Magenheim

Economics Faculty Works

No abstract provided.

Population And Employment Projections_1980-2010, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report presents long‑range projections of population and employment trends from 1980 to 2010, offering baseline estimates intended to support regional planning and policy analysis.

What Is In Store For Our Economy?, Harry Greenbaum

Economics Commentator (1972- 2016)

No abstract provided.

Pollyannas Of Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

The New York Times, Thurs. Oct. 22, 1987, p. A35.

Jan Maria Novotny And His Collection Of Books On Economics, Michael Markowski

The Courier

This article describes the life and books of economist Jan Novotny, whose extensive collection is now housed in the Syracuse University Libraries. Novotny believed that a comprehensive, liberal arts education was an essential prerequisite for anyone who wished to study or professionally practice finance and business. The well-roundedness obtained from the humanities, he argued, would lead those in business and finance to make moral and ehtically sound decisions. His collection covers the last five hundred years, consisting of nearly 6,000 books in many different languages. Novotny managed to flee Czechoslavakia with all of these books, which now provide a wealth …

Why 1987 Is Not 1929, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Minsky appears to have written this article in response to the Oct. 1987 stock market crash. A second copy is included here with a last page that contains typewritten notes.

Some Political And Economic Arithmetic, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Minsky seems to have written this after the October, 1987 stock market crash. Additional copies with notes are attached.

Securitization, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Handout Professor Minsky prepared for Econ 335A, Fall 1987.

Government Financial Policy And Capital, Dean D. Croushore

Economics Faculty Publications

Economists have long been concerned about the best way to finance government deficits. Finding the proper fiscal policy and monetary policy mix is a crucial decision. When government debt grows too fast, interest rates rise and capital is crowded out. If the money growth rate is excessive, inflation occurs.

The study of this issue at the theoretical level requires a model which incorporates the following features: (1) modeling money and bonds as endogenous financial assets, whose rates of return are determined in general equilibrium, (2) examination of the utility maxi mization decisions of individuals, so that welfare analysis of alternative …

Prices Of Single Family Homes Since 1970: New Indexes For Four Cities, Karl E. Case, Robert J. Shiller

Cowles Foundation Discussion Papers

This paper uses data on nearly a million homes sold in four metropolitan areas — Atlanta, Chicago, Dallas and San Francisco — to construct quarterly indexes of existing home prices between 1970 and 1986. We propose and apply a new method of constructing such indexes which we call the method of constructing such indexes which we call the weighted repeat sales method (WRS). We believe the results give an accurate picture of the actual rate of appreciation in home prices in the four cities. The paper explains the construction of the index, discusses the results and compares them with the …

Lecture Notes And Other, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Copy of material used in Shaikh, A. M. (1998). The empirical strength of the labour theory of value. In R. Bellofiore (Ed.), Marxian economics: A reappraisal: Volume 2: Essays on Volume III of capital: Profit, prices and dynamics (pp. 225–251), for GE 204 (Fall 1987)

• Econometric results

• Handwritten Contradiction within Keynesian invest. theory (December 10, 1983)

• Reproduction, labor, value, and price (June 1, 1981)

• Talk at Princeton, LTV

• Alfredo on FRP (March 23, 1976)

• Talk on transform. (NYU) comments (April 23, n.d.)

• Transformation problem

Youth Employment And Training Programs: A Review And A Reply, Robinson G. Hollister

Economics Faculty Works

No abstract provided.

Recession - But Not Depression - In Offing, Part 1, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns “The Economy from the Not-so Ivory Tower.”

The Effects Of A Cpf Cut: A Note, Hian Teck Hoon

Research Collection School Of Economics

No abstract provided.

Productivity Through People : The Hewlett-Packard Way, Charles Serwedes

Theses

Petri nets have become a powerful tool for modeling and analyzing asynchronous concurrent systems. In this thesis I apply Petri nets for analyzing and modeling a flexible manufacturing workstation (FMS). A manufacturing workstation is modeled by using Colored- Timed Petri nets, with the consideration of tool handling, raw materials, quality checking and the reuse of reworkable scraps. A simulation program for a simplified Petri net model of manufacturing workstation is described and the production throughput is computed.

Financial Institutions And The International Indebtedness Crisis., Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the fourth of a series of four in that lecture series.

Nigeria's Economy, According To Ishrat Hussein, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

DR. Ishrat Hussein came to Nigeria as the World Bank's resident representative in December 1983, when Nigeria's oil bubble had long burst; when Nigeria's economy was, more or less, in a stupor. Shehu Shagari had just been reelected for a second term. At that time, Nigerians, at home and abroad, were being made to bear all sorts of economic burdens. Soon, that administration was ousted by the military, with Muhammadu Buhari in as helmsman.

Nigeria's Economy, According To Ishrat Hussain, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Dr Ishrat Hussein came to Nigeria as the World Bank's resident representative in December 1983, when Nigeria's oil bubble had long burst. The article presents his views on the Structural Adjustment Programme (SAP) and its impact on Nigeria's economy as he was leaving his post.