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The Annual World Bank Conference on Development Economics is a forum for discussion
and debate of important policy issues facing developing countries. The conferences
emphasize the contribution that...
To honor Martin Feldstein抯 distinguished leadership and extraordinary
contributions to the National Bureau of Economic Research,
the Feldstein Lecture addresses an important question in applied econ...
Historical Evidence on the Benefits of Rules-Based Economic Policies
monetary fiscal policy
2015/8/3
The first luncheon was held in 1948 in Cleveland.2
Winthrop Aldrich spoke. He was
President of Chase National Bank, then the largest bank in the United States. Aldrich called his
talk “The Managem...
Aldrich blamed the Federal Reserve’s easy-money policies of the 1920s
for helping to cause the Great Depression. In the late ’40s, he was concerned
that the Fed would monetize the enormous World War...
Economic and political constraints on the demandside of electricity industry restucturing processes
electricity industry political constraints
2015/7/31
Economic and political constraints on the demandside of electricity industry restucturing processes。
Managing Demand-Side Economic and Political Constraints on Electricity Industry Restructuring Processes
Demand-Side Economi Political Constraints
2015/7/31
This paper identifies the major political and economic constraints that impact the
demand side of electricity industry restructuring processes. Demand-side
constraints have been a major barrier to...
Managing Demand-Side Economic and Political Constraints on Electricity Industry Re-structuring Processes
Demand-Side Economic Political Constraints
2015/7/31
This paper identifies the major political and economic constraints that impact the demandside of electricity industry re-structuring processes. It then describes how these constraints have
been addre...
Agent-based Model Construction in Financial Economic System
artificial stock market agent based model statistical facts of stock market
2015/7/30
The paper gives picture of enrichment to economic and financial system analysis using agent-based models as a form of advanced study for financial economic post-statistical-data and micro-simulation a...
The Relationship of Economic Theory to Experiments:Treatment driven Experiments
Relationship of Economic Theory Treatment driven Experiments
2015/7/23
When I interact with colleagues and friends who are venturing into experimental economics, either as they prepare for their own experiment, or aim for a critical view of experiments run by others, I o...
Complementarities and Systems:Understanding Japanese Economic Organization
Complementarities and Systems Japanese Economic Organization
2015/7/21
The performance of the Japanese economy in the last forty-five years, during which it has gone from post-war destitution and near collapse to one of the richest and most productive in the world, is un...
Numerically stable and accurate stochastic simulation approaches for solving dynamic economic models
Numerical stability accurate stochastic simulation method the dynamic economic model
2015/7/21
Numerically stable and accurate stochastic simulation approaches for solving dynamic economic models.
Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain
Smolyak method Sparse grid Adaptive domain Projection Anisotropic grid High-dimensional problem
2015/7/21
We show how to enhance the performance of a Smolyak method for solving dynamic economic models. First, we propose a more efficient implementation of the Smolyak
method for interpolation, namely, we s...
The Causal Impact of Education on Economic Growth: Evidence from U.S.
Capital economic growth decision-making investment
2015/7/20
Should countries or regions (generically, "states") invest more in education to promote economic growth? Policy makers often assert that if their state spends
more on educating its population, growth...
he Impact of Administrative Power on Political and Economic Development: Toward Political Economy of Implementation
Administrative Powe Economic Development
2015/7/20
Why did limited government and 'constitutionalism' (the rule of law, constitutional rules, and
political representation) evolve in some societies but not others? Guided by history, this paper
examin...
Fiscal Stability of High-Debt Nations under Volatile Economic Conditions
National debt deficit fiscal policy
2015/7/20
Using a recursive empirical model of the real interest rate, GDP growth and the primary government deficit in the United States, I solve for the ergodic distribution of the debt/GDP ratio. If such a d...