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The positive social benefits of low unemployment are many—it helps to reduce poverty and crime and fosters more stable families and communities. Yet conventional wisdom—born of the stagflation of the 1970s—holds that sustained low unemployment rates run the risk of triggering inflation. The last five years of the 1990s—in which unemployment plummeted and inflation remained low—called this conventional wisdom into question. The Roaring Nineties provides a thorough review of the exceptional economic performance of the late 1990s and asks whether it was due to a lucky combination of economic circumstances or whether the new economy has somehow wrought a lasting change in the inflation...
In recent years, regulators and businesses have struggled to keep pace with an onslaught of new technologies that has dramatically changed the world's telecommunications networks. This book gathers together research intended for those who must grapple with these changes -- the people who must decide whether and how to deploy new telecommunications technologies, and those who must regulate the technologies. The research is divided into three sections focusing on the past, present and future of telecommunications innovations. The first section, Lessons from the Past, examines what lessons concerning adoption and regulation can be learned by studying the diffusion of recent telecommunications technologies. The second section, Decision Making with Respect to Diffusing Technologies, examines possible improvements to the decision-making processes used by companies and regulators in the face of limited information and dynamic markets. The final section, Public Policy and Future Diffusion, examines public policy implications for future technologies.
A practical guide to understanding economic forecasts In Inside the Crystal Ball: How to Make and Use Forecasts, UBS Chief U.S. Economist Maury Harris helps readers improve their own forecasting abilities by examining the elements and processes that characterize successful and failed forecasts. The book: Provides insights from Maury Harris, named among Bloomberg's 50 Most Influential People in Global Finance. Demonstrates "best practices" in the assembly and evaluation of forecasts. Harris walks readers through the real-life steps he and other successful forecasters take in preparing their projections. These valuable procedures can help forecast users evaluate forecasts and forecasters as in...
Subscribe to "Brookings Papers on Economic Activity" For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.