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Poor people in developing countries can benefit from saving to take advantage of profitable investment opportunities, to smooth consumption when income is uneven and unpredictable, and to insure ag...
We consider dynamic trading of a portfolio of assets in discrete periods over a finite time horizon, with arbitrary time-varying distribution of asset returns. The goal is to maximize the total expect...
Fiscal and Monetary Stabilization Policies in a Model of Endogenous Cyclical Growth.
Fiscal and Monetary Stabilization Policies in a Model of Cyclical Growth.
In a recent paper,3 Professors Stein and Nagatani (SN) have examined monetary stabilization policies in a full employment nonlinear monetary growth model. Specifically, they try to give a "rigorous ...
The stabilization trade-off between inflation and unemployment is investigated in a continuous time growth model where disequilibrium can occur in the labor market. The emphasis of the paper is on...
The Great Inflation, The Great Disinflation, and Policies for Future Price Stability.
The effects of three different inflationary environments—high inflation, low inflation, and negative inflation—on real output stability are examined by looking at the experiences of Japan and the U...
The Annual World Bank Conference on Development Economics is a forum for discussion and debate of important policy issues facing developing countries. The conferences emphasize the contribution that...
The first luncheon was held in 1948 in Cleveland.2 Winthrop Aldrich spoke. He was President of Chase National Bank, then the largest bank in the United States. Aldrich called his talk “The Managem...
This paper documents the evolution of long-run inflation expectations and models the stance of monetary policy from 1965 to 1980. A host of survey-based measures and financial market data indicate t...
This paper analyzes of two kinds of Internet interconnection arrangements: peering relationships between core Internet Service Providers (ISPs) and transit sales by core ISPs toother ISPs. Core backbo...
Prof. Christian Ketels - Institute for Strategy and Competitiveness, Harvard Business School and Center for Strategy and Competitiveness, Stockholm School of Economics.

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