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Aspects of Central Bank Policy Making
This volume is a collection of papers which were presented and discussed at a conference on "Aspects of Central Bank Policy Making" which took place in January 1990 at the Bank of Israel and Tel Aviv University. The conference marked the tenth anniversary of the passing of David Horowitz who was the first governor of the Bank of Israel. The conference was sponsored by the Bank of Israel and the David Horowitz Institute for the Research of Developing Countries at Tel Aviv University. Eitan Berglas, Zvi Eckstein and Mordechai Fraenkel served as organizing committee. The volume has three parts. The first part deals with the rules and the constraints that are fundamental for central bank policy ...
Handbook of Insurance
In the 1970's, the research agenda in insurance was dominated by optimal insurance coverage, security design, and equilibrium under conditions of imperfect information. The 1980's saw a growth of theoretical developments including non-expected utility, price volatility, retention capacity, the pricing and design of insurance contracts in the presence of multiple risks, and the liability insurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic events dominated the research agenda in the 1990's. The Handbook of Insurance provides a single reference source on insurance for professors, researchers, graduate students, regulators, c...
Breaking News
Martin Fletcher doesn't claim to be a hero. Yet he didn't flinch, either. During three decades covering wars, revolutions, and natural disasters, Fletcher worked his way from news agency cameraman to top network correspondent, facing down his own fears while facing up to mass killers, warlords, and murderers. With humor and elegance, Fletcher describes his growth from clueless adventurer to grizzled veteran of the world's battlefields. His working philosophy of "Get in, get close, get out, get a drink," put him repeatedly in harm's way, but he never lost sight of why he did it. In a world obsessed with celebrities, leaders, and wealth, Fletcher took a different route: he focused on those lef...
Badge, Boot, Button
At first, the Australian military followed Britain's example in regards to uniforms, fitting soldiers out in the traditional 'red coats'. These were impractical in the scorching heat of the new environment, and were widely mocked - unsurprisingly, given the gold lace, elaborate plumes and decorations that accompanied them. 'Badge, Boot, Button' explores the army's gradual adaptation to the environment, complete with images of original uniforms. It follows the struggle of a new country attempting to remain true to British roots while creating something new.
Great Australian Volunteer Firies Stories
'Us firefighters do more than fight fires. We also assist those who have just gone through what's probably the worst experience of their lives.' The devastating 2019-2020 Black Summer bushfires threw the importance of our volunteer firefighters into sharp focus. But these brave men and women don't just step up to protect life and property in fires; they are also there to help in road accidents, plane crashes, natural disasters like cyclones and floods - and, yes, they even rescue pets that have got themselves into strife. In this collection of first-hand stories, ranging from the 1880s to 2020, our courageous volunteer firies take us right up to the frontlines and reveal the stark realities of the dangers they face to keep our communities safe. This book serves as a tribute to the thousands of volunteer firies across Australia who roll up their sleeves and selflessly put their lives on the line to assist their fellow human beings.
The New Palgrave Dictionary of Economics
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
The Role of Overlapping-generations Models in Monetary Economics
The main arguments of this paper can be summarized as follows. (1) The overlapping-generations (OG) structure provides a useful framework for the analysis of macroeconomic issues involving intertemporal allocation. (2) As a "model of money," the basic OG setup -- which excludes cash-in-advance or money-in-the-utility-function (MIUF) features -- is inadequate and misleading because it neglects the medium-of-exchange property that is the distinguishing characteristic of money. (3) That this neglect obtains is verified by noting that, in contrast with an axiomatic "traditional presumption," the same aggregate leisure/consumption bundles are available in equilibria in which "money" is valued and valueless. (4) That the model may be misleading is demonstrated by examples in which three of its most striking properties --tenuousness of monetary equilibrium, optimality of zero money growth, and price level invariance to open-market exchanges -- disappear in the presence of modifications designed to reflect the medium-of-exchange property. (5) There is no compelling reason why cash-in-advance, MIUF, or other appendages should not be used in conjunction with the OG framework
NBER Reporter
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