Economic Journal

最新文章

• The state of British economics AI翻译
  作者：Blank, RM
  作者单位：University of Michigan System; University of Michigan
• The regionalization of the world economy. AI翻译
  作者：Robson, P
  作者单位：University of St Andrews
• Intertemporal output and employment effects of public infrastructure capital: Evidence from 12 OECD economies AI翻译
  作者：Demetriades, PO; Mamuneas, TP
  作者单位：University of Leicester; University of Cyprus
  摘要：This paper utilises an intertemporal optimisation framework to study the effects of public infrastructure capital on output supply and input demands in 12 OECD countries. We find that in all 12 countries: (i) public capital has positive long-run effects on both output supply and input demands (ii) its mean short-run rates of return are fairly low, while the corresponding long-run rates are much higher but declining over time. These findings underscore important under-investment, gaps in infras...
• Centralised wage setting, inflation contracts, and the optimal choice of central banker AI翻译
  作者：Lawler, P
  作者单位：Swansea University
  摘要：The paper examines the appropriate design of central banking institutions in an economy in which the nominal wage is set by an inflation-averse monopoly union as a positive mark-up over its market-clearing value. The analysis considers both the optimal choice of central banker and the potential role for a linear inflation contract. The optimal set of arrangements is a central banker who attaches less significance to inflation than does society, combined with an inflation contract where the val...
• The current state of macroeconomics: Leading thinkers in conversation. AI翻译
  作者：Malinvaud, E
  作者单位：Institut Polytechnique de Paris; ENSAE Paris
• A model of crises in emerging markets AI翻译
  作者：Dooley, MP
  作者单位：University of California System; University of California Santa Cruz
  摘要：This paper presents a perfect foresight model of speculative attacks on emerging markets. Credit constrained governments are assumed to have two objectives: to accumulate liquid assets in order to self-insure against shocks to national consumption and to insure poorly regulated domestic financial markets. This policy regime generates endogenous fiscal deficits defined to include the growth of contingent liabilities. The model sets our a sequence of yield differentials consistent with capital i...
• Contemporary economic issues: Proceedings of the eleventh world congress of the International Economic Association, Tunis: Vol 2: Labour, food and poverty. AI翻译
  作者：Weeks, J
• The future of personnel economics AI翻译
  作者：Lazear, EP
  作者单位：Stanford University
  摘要：Personnel economics has grown over the past 20 years to become a major branch of labour economics. Although much has been learned, many important questions remain. For example, are worker wage profiles dependent on individual attributes or is the firm more important in determining wage growth? Why are executives so highly paid and why does pay take the form that it does! How can cross-country differences in pay patterns be explained? Does variable pay provide better incentives than fixed hourl...
• The economics of post-communist transition. AI翻译
  作者：Mihályi, P
  作者单位：Central European University
• European monetary unification: Theory, practice, and analysis AI翻译
  作者：Laskar, D
  作者单位：Centre National de la Recherche Scientifique (CNRS)