Welcome to our book review site www.go-pdf.online!
You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
Investment, Uncertainty, and Irreversibility in Ghana
Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under uncertainty. Information on the entrepreneur’s subjective probability distribution over future demand for the firm’s products is used to construct the expected variance of demand, which is used as a measure of uncertainty. Empirical results support the prediction that firms wait to invest until the marginal revenue product of capital reaches a firm-specific hurdle level. Moreover, higher uncertainty raises the hurdle level that triggers investment, and uncertainty has a negative effect on investment levels that is greater for firms with more irreversible investment.
International Finance and Financial Services
International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, and how these affect international trade. Financial services is a term used to refer to the services provided by the finance industry. Financial services is also the term used to describe organisations that deal with the management of money and includes merchant banks, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. Financial services is the largest industry (or industry category) in the world, in terms of earnings. This book presents important analyses in these interaction fields.
What Have We Learned?
Top economists consider how to conduct policy in a world where previous beliefs have been shattered by the recent financial and economic crises. Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to...
IMF Staff papers, Volume 45 No. 3
This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.
Legislative Calendar
None
Tax Policy and Investment
In this paper, we summarize recent advances in the study of effects of tax policy on the fixed investment decisions of firms. We attempt to identify consensus where it has been achieved and to highlight important unresolved issues. In addition, we discuss the implications of recent findings for the analysis of policy options, and discuss arguments for and against long-run tax policy that favors business investment spending.
Brookings Papers on Economic Activity: Spring 2011
Brookings Papers on Economic Activity: Spring 2011 • Job Search, Emotional Well-Being, and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data By Alan B. Krueger and Andreas Mueller • Financially Fragile Households: Evidence and Implications By Annamaria Lusardi, Daniel Schneider, and Peter Tufano • Let's Twist Again: A High-Frequency Event-Study Analysis of Operation Twist and Its Implications for QE2 By Eric T. Swanson • An Exploration of Optimal Stabilization Policy By N. Gregory Mankiw and Matthew Weinzierl • What Explains the German Labor Market Miracle in the Great Recession? By Michael C. Burda and Jennifer Hunt • Inflation Dynamics and the Great Recession By Laurence Ball and Sandeep Mazumder
University Bulletin
None
IMF Working Paper
None
