Titlebook: Dynamic Modeling, Empirical Macroeconomics, and Finance; Essays in Honor of W Lucas Bernard,Unurjargal Nyambuu Book 2016 Springer Internati

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Might Tobin be Right?,capacity. In such a situation, monetary and fiscal policies affect households’ portfolio decisions through their impact on the value of real balances. With exogenous growth, money continues to be neutral. In case of endogenous growth, however, money-induced portfolio shifts allow for the existence o

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ndium of cutting-edge methodologies.Of special interest to a.This edited volume, with contributions by area experts, offers discussions on a range of evolving topics in economics and social development. At center are important issues central to sustainable development, economic growth, technological

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Benefit Appraisal of the Wetlandry), and at last, to the acceleration of convergence in the early twenty-first century. The forecast, calculated after this model reveals that Great Convergence will occur by 2050 and the world center of production of goods and services will shift again to China, India and other Asian countries, like it was in pre-industrial era.

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Bullinger Hans-J?rg,Weisbecker Anetteto realizations is a level of perceived volatility that is self-fulfilling. Using a simple nonlinear business cycle model to illustrate, it is shown that there may exist no such fixed point, in which case all regime perceptions are .. This happens because volatility need not vary continuously with the underlying parameters of the model.

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From the Great Divergence to the Great Convergence,ry), and at last, to the acceleration of convergence in the early twenty-first century. The forecast, calculated after this model reveals that Great Convergence will occur by 2050 and the world center of production of goods and services will shift again to China, India and other Asian countries, like it was in pre-industrial era.

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