Showing 1 - 10 of 32
Persistent link: https://www.econbiz.de/10011091454
This paper analyzes the effect of monetary uncertainty on the inflationary bias and the variance of output and inflation. Monetary policy uncertainty is modeled as a shock to the central banker’s preference for inflation stabilization relative to output stabilization that cannot be observed by...
Persistent link: https://www.econbiz.de/10011092355
priors, the Bayesian approach largely avoids overfitting, while retaining flexibility. This book provides methods for …
Persistent link: https://www.econbiz.de/10011082756
priors, the Bayesian approach largely avoids overfitting, while retaining flexibility. This book provides methods for …
Persistent link: https://www.econbiz.de/10011082759
priors, the Bayesian approach largely avoids overfitting, while retaining flexibility. This book provides methods for …
Persistent link: https://www.econbiz.de/10011082773
In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of...
Persistent link: https://www.econbiz.de/10005696679
Yang s theory of economic specialization under increasing returns to scale (Yang 2001) is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor.In this theory specialization and, thus, the social division of labor is firmly...
Persistent link: https://www.econbiz.de/10011090467
Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict...
Persistent link: https://www.econbiz.de/10011090555
Minimum cost spanning extension problems are generalizations of minimum cost spanning tree problems in which an existing network has to be extended to connect users to a source. This paper generalizes the definition of irreducible core to minimum cost spanning extension problems and introduces...
Persistent link: https://www.econbiz.de/10011090585
in networks for exploration there are good reasons, counter to the thesis of the 'strength of weak ties', for a dense … structure of ties that are strong in most dimensions.By contrast, in exploitation networks there are good reasons for structures … that are non-dense, with ties that are strong in other dimensions than in networks for exploration. …
Persistent link: https://www.econbiz.de/10011091255