Showing 1 - 10 of 2,990
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...
Persistent link: https://www.econbiz.de/10015230546
In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...
Persistent link: https://www.econbiz.de/10015236078
This paper develops a method of analyzing average value of a complex-valued function that can be represented as a Fourier series satisfying a few realistic restrictions. This method may be useful when Discrete Fourier transform is highly inefficient, and comparison with Hodrick-Prescott filter...
Persistent link: https://www.econbiz.de/10015252095
This paper develops a method of analyzing average value of a complex-valued function that can be represented as a Fourier series satisfying a few realistic restrictions. This method may be useful when Discrete Fourier transform is highly inefficient, and comparison with Hodrick-Prescott filter...
Persistent link: https://www.econbiz.de/10015252178
The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...
Persistent link: https://www.econbiz.de/10015214329
We investigate quantitative implications of precautionary demand for money for business cycle dynamics of velocity and other nominal aggregates. Accounting for such dynamics is a standing challenge in monetary macroeconomics: standard business cycle models that have incorporated money have...
Persistent link: https://www.econbiz.de/10015217105
This paper explores the disconnect of Federal Reserve data from index number theory. A consequence could have been the … decreased systemic-risk misperceptions that contributed to excess risk taking prior to the housing bust. We find that most …
Persistent link: https://www.econbiz.de/10015222935
. This implicates a vision or, in the ideal case, a formalized theory of the money economy’s possible end states. This theory …
Persistent link: https://www.econbiz.de/10015227038
. This implicates a vision or, in the ideal case, a formalized theory of the money economy’s possible end states. This theory …
Persistent link: https://www.econbiz.de/10015227827
. This implicates a vision or, in the ideal case, a formalized theory of the money economy’s possible end states. This theory …
Persistent link: https://www.econbiz.de/10015228482