Macroeconomics Commons^™

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.

Philosophy, Rationality And Argumentation (Libro: Filosofía, Racionalidad Y Argumentación) Spanish, Fernando Estrada

Fernando Estrada

My interest is to understand the problems with some careful handling of the issues, I believe, relevant. Aristotle, Sophocles, Descartes, Hobbes, Kant, Foucault, Popper and other thinkers, are analyzed in their own texts, or in other cases of individual straight to interpret the problems they posed. It is "the freedom the individual, "" democracy "," body "," man, "language" "Ethics," "rationality," "the argumentacin" etc.. For the reader is book support, a resource for which he is challenged to read reseados texts, a letter with ways to analyze in different directions to locate each one that cause you most concern

Evaluating Mccallum's Rule For Monetary Policy, Dean D. Croushore, Tom Stark

Economics Faculty Publications

Some economists have proposed that the Federal Reserve follow a rigid rule for conducting monetary policy. A policy rule is a formula that tells the Fed how to set monetary policy. For example, in 1959 Milton Friedman argued that the Fed should increase the money supply a constant 4 percent each year to eliminate inflation and avoid destabilizing the economy. More recently, other economists have identified an additional benefit: a rule can eliminate the inflationary bias that could occur when discretionary monetary policy is used. Under a discretionary policy, decisions are made on a case-by-case basis.

But economists don't agree …

Is 'Keynesian Policy' Still Viable?, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Six, single-sided pages of hand-written notes on Keynesian critique of capitalism. While according to J Robinson “Marx is a socialist who analyzed capitalism,” and “Marshal is a Capitalist who analyzed Socialist," Minksy writes “Keynes is a capitalist who analyzed capitalism,” and “uncovered flaws in capitalism due to the very nature of capitalism.” Discusses Keynes work in the 1930s and his time spent in Chicago, among other things. Marked in black ink.

The Essential Characteristics Of Post-Keynesian Economics, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Printout of article found on floppy disk in Archives.

The Demand For Money Function In Nigeria: An Empirical Investigation, F.O. Oresotu, C.N.O. Mordi

CBN Occasional Papers

This paper provides further empirical evidence on the nature of the demand for money function in Nigeria for the period 1960-1991. The paper also addressed the issue of the appropriate adjustment process, structural stability of the estimated equations, as well as the influence of external factors on money demand function in an open economy, such as Nigeria. The main conclusions which emerged from the analysis are that, the real adjustment mechanism appeared to be the most appropriate adjustment process for modelling money demand in Nigeria; the influence of external variables like the foreign interest rate and exchange rate should not …

What Are The Costs Of Disinflation?, Dean D. Croushore

Economics Faculty Publications

The Federal Reserve can use monetary policy to reduce the inflation rate, a process known as disinflation. Are the benefits of disinflation worth the costs? Proponents of disinflation argue that the long-run benefits of price stability, including lower interest rates, increased economic efficiency, and perhaps faster economic growth, greatly exceed the short-run costs. Opponents, of course, claim the opposite, usually arguing that the short-run costs in terms of higher unemployment and lost output would be immense.

The Evolution Of Financial Institutions And The Performance Of The Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Keynesian Socialism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Handwritten on five, single-sided notebook pages, this brief piece is the draft for an article in Italian in Mondoperaio in April 1986. That article appears as a separate entry in this Archive as "Keynes E I Socialisti."

Friedman's Television Series: Free To Choose, Felix Hsia

Economics Staff Paper Series

No abstract provided.

Evaluation Of Price Control And Price Intelligence Agency At Work, F. U. Ezeuduji

Bullion

This paper evaluates the effectiveness of price regulation in Nigeria and the role played by Price Intelligence Agency. it also provides some that a new body should be given the poranr and hecessary fund not only to study the price structure and price movements an the economy but also to study the supply and demand potentials in the economy with a view to forecasting the demand and supply position to be expected in the near future.

How "Standard" Is Standard Economics, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Table of Contents and article.

Policy And Poverty, Part 1, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

This is the first draft of the first chapter of a possible book Hyman P. Minsky was writing on Policy and Poverty. In this chapter he discusses poverty and income distribution programs in the case of rich countries, where poverty is measured in a relative sense and income in terms of total satisfaction that a household acquires through its provision of private and public goods. Minsky stresses that a successful poverty alleviation program should first, work with and not against economic forces, second, have realistic goals and effective policy instruments and third, have recognizable benefits for the well-off too. Specifically, …

Policy And Poverty, Part 3, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Part 3 of an unfinished book.

Policy And Poverty, Part 2, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Part 2 of an unfinished book.

Monetary Systems And Accelerator Models, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.