Technology Shocks and Aggregate Fluctuations
Title | Technology Shocks and Aggregate Fluctuations PDF eBook |
Author | Mr.Pau Rabanal |
Publisher | International Monetary Fund |
Pages | 68 |
Release | 2004-12-01 |
Genre | Business & Economics |
ISBN | 1451875657 |
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
FDI, Technology and Innovation
Title | FDI, Technology and Innovation PDF eBook |
Author | N. S. Siddharthan |
Publisher | Springer Nature |
Pages | 257 |
Release | 2020-03-13 |
Genre | Science |
ISBN | 9811536112 |
This book concentrates on major changes that are now taking place in the fields of technology, foreign direct investment (FDI), trade and development strategies, with a particular focus on India. Arguably, these changes are likely to differ from those that the world has experienced over the past few decades; in particular, now that many countries have globalised their economies. The book begins by reviewing the changing pattern of FDI flows and technologies among developed and emerging economies, before identifying the determinants of this change by presenting specific studies on Indian industries. It then addresses key questions such as: How are knowledge spillover mechanisms operationalised, and what are the implications of the internationalisation of the IPR process? The role of FDI is also analysed in order to make policy recommendations for fostering innovation in emerging economies like India. The respective chapters examine the process through which technological paradigm and trajectory shifts are taking place, the factors that facilitate such shifts, the changing pattern of FDI, and the shifting focus of international trade and development strategies – four broad themes that are interrelated and mutually reinforcing. The book offers important takeaways for all social scientists, technologists and business schools interested in Indian studies; it will also benefit researchers whose work involves development economics, industrial organisation and technology, and the economy / society interface.
Frontiers of Business Cycle Research
Title | Frontiers of Business Cycle Research PDF eBook |
Author | Thomas F. Cooley |
Publisher | Princeton University Press |
Pages | 452 |
Release | 1995-02-26 |
Genre | Business & Economics |
ISBN | 9780691043234 |
This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t
NBER Macroeconomics Annual 2004
Title | NBER Macroeconomics Annual 2004 PDF eBook |
Author | Mark Gertler |
Publisher | Mit Press |
Pages | 489 |
Release | 2005 |
Genre | Business & Economics |
ISBN | 9780262072632 |
The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers addressed to a broad audience of public policymakers as well as to the academic community. Each paper is followed by comments and discussion to give a more complete context for the views expressed. The 2004 edition features a range of papers aimed at providing coherent and informative answers to such important questions as the effect of federal government debt on interest rates; the stochastic dimension of the American economy; the role of technology as a source of economic fluctuations; and the interaction of capital flows, fiscal policy, and monetary policies in developing countries, emerging markets, and OECD countries.
Hysteresis and Business Cycles
Title | Hysteresis and Business Cycles PDF eBook |
Author | Ms.Valerie Cerra |
Publisher | International Monetary Fund |
Pages | 50 |
Release | 2020-05-29 |
Genre | Business & Economics |
ISBN | 1513536990 |
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Technology Shocks and Aggregate Fluctuations
Title | Technology Shocks and Aggregate Fluctuations PDF eBook |
Author | Jordi Galí |
Publisher | |
Pages | 74 |
Release | 2004 |
Genre | Business cycles |
ISBN |
International Dimensions of Monetary Policy
Title | International Dimensions of Monetary Policy PDF eBook |
Author | Jordi Galí |
Publisher | University of Chicago Press |
Pages | 663 |
Release | 2010-03-15 |
Genre | Business & Economics |
ISBN | 0226278875 |
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.