Chapter IWe use a large-scale internet experiment to explore how subjects learn to play against computers that are … experiment, we separate the demand for punishment in general from a possible demand to conduct punishment personally. Subjects …? In our experiment we observe that the subjects almost never use punishment. Consistently, the data shows no increase in …

subjected to a number of shocks(internal and external), which can be destabilising, produce volatility and make itdifficult to … achieve and maintain economic stability. Consequently, variouspolicies are used to help deal with the various shocks that may …

, productivity etc. are among the studied variables; (ii) the resistance to different external and internal shocks (using VAR model …) as well as (iii) the mechanisms for balancing and absorption of these shocks. To give a better comparative picture we …

.Our procedures, illustrated with four example, permit keen insights into the fragility of inferences to specific shocks, such as …, N. (1997). 'Detecting shocks: outliers and breaks in time series', Journal of Econometrics, 80(2), 387-422. [Available …

This study investigates the economic effects of external oil and food price shocks in thecontext of selected Asia and … Pacific countries including Australia, New Zealand, SouthKorea, Singapore, Hong Kong, Taiwan, India and Thailand. The study is … and Taiwan are highly affectedby international oil price shocks. Oil price shocks negatively affect industrial output …

appropriate response for monetary policies. The world economy is currently being buffeted by a number of major shocks. A … shock to aggregate supply or aggregate demand. We explore the difference in the transmission mechanism if the shocks occur … monetary policy to shocks of this type and explore whether there are gains to coordinating the monetary policy responses of the …

paper we develop a new duration model that allows for unobserved persistent individual-specific health shocks and provides … leads to a 12% decline in the probability of death. We find a large role of unobserved health shocks, with 5-years of shocks … individualspecific shocks are likely to be important. …

, los ajustes de salarios y horas fueron limitados, incluso en aquellas empresas más afectadas por los shocks negativos. …

. The model is designed to help in simulating the effect of alternative shocks on the main aggregate variables. The main …