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Economic Modeling in the Post Great Recession Era : Incomplete Data, Imperfect Markets.
Reality-based modeling for today's unique economic recovery Economic Modeling in the Post Great Recession Era presents a more realistic approach to modeling, using direct statistical applications to address the characteristics and trends central to current market behaviors. This book's uni...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Somerset :
John Wiley & Sons, Incorporated,
2016.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Series; Title page; Copyright; Dedication; Preface/Justification; FOUR CHARACTERISTICS OF A LESS-THAN- PERFECT ECONOMY; WHY THIS BOOK?; Acknowledgments; CHAPTER 1 Setting the Context; THE PROBLEM WITH UNCRITICAL ASSUMPTIONS IN A LESS-THAN-PERFECT ECONOMY; THE PROBLEM WITH MODELS IN AN IMPERFECT ECONOMY; FOUR CHARACTERISTICS OF A LESS-THAN-PERFECT ECONOMY; ECONOMIC POLICY INCONSISTENCIES-THE PARABLE OF STRANGE BEDFELLOWS; NOTES; CHAPTER 2 Dynamic Adjustment in an Economy: Frictions Matter; INTRODUCTION; QUANTIFYING FRICTIONS: IS THE LONG-RUN AVERAGE A USEFUL GUIDE FOR THE FUTURE?
- MODELING DYNAMIC ADJUSTMENT DUE TO ECONOMIC FRICTIONS: DECISION MAKING IN AN EVOLVING WORLDDYNAMIC ECONOMIC ADJUSTMENT: AN EVOLUTION UNTO ITSELF; Appendix; A CASE FOR THE MULTIPLE MARKETS: 1983-2008; THE LABOR MARKET: 1983-2008; NOTES; CHAPTER 3 Information: Past Imperfect, Present Incomplete, Future Uncertain; STORY BEHIND THE NUMBERS; CONCLUSION; NOTES; CHAPTER 4 Price Adjustment and Search for Equilibrium; WHAT BARRIERS ARE THERE TO PERFECTLY FLEXIBLE PRICES?; IMPLICATIONS; FINDING DYNAMIC ADJUSTMENT IN THE DATA; CONCLUSION; NOTES; CHAPTER 5 Business Investment: This Time is Different.
- DRIVERS OF BUSINESS SPENDINGPUTTING IT ALL TOGETHER: EXPLAINING SLOW RECOVERY IN CAPITAL INVESTMENT; NOTES; CHAPTER 6 Corporate Profits: Reward, Incentive, and That Standard of Living; INTRODUCTION: PROFITS AS ESSENTIAL PARTNER; THE ROLE OF PROFITS IN THE ECONOMIC CYCLE: FIVE DRIVERS; THE ROLE OF PROFITS: INCENTIVES AND REWARDS; CONCLUDING REMARKS: MODELING PROFITS; NOTES; CHAPTER 7 Labor Market Evolution: Implications for Private-Sector and Public-Policy Decision€Makers; PART I: LABOR MARKET IMPERFECTIONS; PART II: HETEROGENEITY IN THE LABOR MARKET.
- PART III: HOW DO SECULAR LABOR MARKET TRENDS IMPACT ECONOMIC POLICY?NOTES; CHAPTER 8 Inflation: When What You Get Isn't What You Expect; INTRODUCTION; WHAT IS INFLATION?; WHY DOES INFLATION MATTER?; WHAT DETERMINES INFLATION?; INFLATION AFTER THE GREAT RECESSION; APPLICATION: PREDICTING IF CENTRAL BANKS CAN ACHIEVE PRICE STABILITY; NOTES; CHAPTER 9 Interest Rates and Credit: Capital Markets in the Post-Great Recession World; IMPERFECT GUIDANCE IN AN UNCERTAIN WORLD; A LOOK AT ACTUAL HISTORY OVER THE LONG RUN; CREDIT AND ADMINISTERED RATES; IMPERFECT INFORMATION AND CREDIT.
- CONCLUSION: SHIFT FROM HISTORICAL BENCHMARKSNOTES; CHAPTER 10 Three-Dimensional Checkers: Open Economy, Capital€Flows, and Exchange Rates; NEWTON'S THIRD LAW; INTRODUCING A NEW PRICE TO THE ANALYSIS: THE ROLE OF EXCHANGE RATES; THREE-DIMENSIONAL CHECKERS ON AN INTERNATIONAL PLAYING FIELD; A PERFECT MODEL IN AN IMPERFECT WORLD; CONCLUDING REMARKS: FUTURE LOOKS DIFFERENT; NOTES; CHAPTER 11 Assessing Economic Policy in an Imperfect Economy; GENERALIZED POLICY MODEL; RULES AND REPUTATION: BEYOND ECONOMIC BENCHMARKS; CONFRONTING OUR THREE MARKET IMPERFECTIONS.