Showing 1–24 of 32 results
Greece’s economy symbolizes in many ways the Eurozone’s economic problems and divergent interests as it amasses most of the economic disadvantages characterizing the Eurozone’s economy itself. This book presents the economic and political challenges to Greece and the EU member states.
Authors: Peters, LindaDiscusses well-known Real Options Approaches and its applications step-by-step without the use of complex mathematicsEnables readers to reproduce these models and apply it to their own fieldContributes to one of the key challenges of Real Options, which is to reduce the gap between theory and practiceThis book explains the standard Real Options Analysis (ROA) literature in a straightforward, step by step manner without the use of complex mathematics. A lot of ROA literature is described through partial differential equations, probability density functions and simulation techniques, all of which may be unconvincing in the applicable qualities ROA possesses.
Financial Asset Pricing Theory offers a comprehensive overview of the classic and the current research in theoretical asset pricing. Asset pricing is developed around the concept of a state-price deflator which relates the price of any asset to its future (risky) dividends and thus incorporates how to adjust for both time and risk in asset valuation. The willingness of any utility-maximizing investor to shift consumption over time defines a state-price deflator which provides a link between optimal consumption and asset prices that leads to the Consumption-based Capital Asset Pricing Model (CCAPM).
When it comes drawing on enduring economic principles to explain current economic realities, there is no one readers trust more than Paul Krugman. With his bestselling introductory textbook (now in a new edition) the Nobel laureate and “New York Times” columnist is proving to be equally effective in the classroom, with more and more instructors in all types of schools using Krugman s signature storytelling style to help them introduce the fundamental principles of economics to all kinds of students.
Exchange Rate Economics: Theories and Evidence is the second edition of Floating Exchange Rates: Theories and Evidence and builds on the successful content and structure of the previous edition, but has been comprehensively updated and expanded to include additional literature on the determination of both fixed and floating exchange rates.
In the 1970s, at a time of shock, controversy and uncertainty over the direction of monetary and fiscal policy, Wynne Godley and the Cambridge Department of Applied Economics rose to prominence, challenging the accepted Keynesian wisdom of the time. This collection of essays brings together eminent scholars who have been influenced by Godley’s enormous contribution to the field of monetary economics and macroeconomic modeling.
Godley’s theoretical, applied and policy work is explored in detail, including an analysis of the insightful New Cambridge ‘three balances’ model, and its use in showing the progression of real capitalist economies over time.
Fixed and Marginal Costs in Electricity Markets lays out clear cost methodologies for understanding marginal price structures, further cementing electricity’s role as an asset class with fixed and variable costs. This work presents a global recasting of electricity market design and will be of direct use to practitioners, academics, commentators, planners, and policy makers in electricity. Harris places electricity firmly in the canon of the microeconomics and econo-engineering of costs, from bridges to broadband infrastructure.
Austrian Economic Perspectives on Market Organization is a collection of essays by economists and political scientists, each with an interest in evolutionary cultural change.
The Demise of Finance-Dominated Capitalism goes well beyond the dominant interpretation that the recent financial and economic crises are rooted in malfunctioning and poorly regulated financial markets. The book provides an overview of different theoretical, historical and empirical perspectives on the long-run transition towards finance-dominated capitalism, on the implications for macroeconomic and financial stability, and ultimately on the recent global financial and economic crises.In the first part of the book the macroeconomics of finance-dominated capitalism, the theories of financial crisis and important past crises are reviewed.
The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual’s highest valued ends.
by Joseph E Stiglitz , International Economic Association. World Congress , Language: English
Joseph Stiglitz examines the theory behind the economic downturns that have plagued our world in recent times. This fascinating three-part lecture acknowledges the failure of economic models to successfully predict the 2008 crisis and explores alternative models which, if adopted, could potentially restore a stable and prosperous economy.
This critical and thought-provoking book explores the causes and consequences of Europe’s failed political and economic institutions.Europe’s recession has created new challenges as market turmoil has shaken the foundations of the twin pillars of the new drive for European integration – political and monetary unions. This book critically assesses the patchwork solutions continually offered to hold the troubled unions together. Failed political policies, from the prodigious ‘Common Agricultural Policy’ to ever more common fiscal stimulus packages, are shown to have bred less than stellar results in the past, and to have devastating implications for future European growth.
The Handbook of Major Events in Economic History aims to introduce readers to the important macroeconomic events of the past two hundred years. The chapters endeavour to explain what went on and why during the most significant economic epochs of the nineteenth, twentieth and early twenty-first centuries and how where we are today fits in this historical timeline. Its short chapters reflect the most up-to-date research and are written by well-known economists who are authorities on their subjects.T
This work examines the process of economic reform in five European countries – Poland, Hungary, the Czech and Slovak Republics, and Bulgaria. The author argues that two basic machanisms dominate transition. The first is the reallocation between the state sector and the private sector, with contraction of activities in the former and expansion in the latter.
Latin America is one of the most interesting parts of the world. The region’s illustrious history, culture, and geography are famous internationally, but in terms of economics, Latin America has been generally associated with problems. For many, the combination of a resource rich region and poor economic conditions has been a puzzle. Latin American Economic Development provides the most up to date exploration of how this happened with a focus on why the continent can be considered to have underperformed, how the various Latin American economies function and the future prospects for the region.T
IN so me respeets this is a very eontroversial book. There are many passages in whieh I attack with vehemenee the views of others, and it is unlikely that I shall eseape reprisals …. It is notorious that controversy in eeonomies is peeuliarly provoeative of irritation …. It is, I think, of the essential nature of economic exposition that it gives, not a complete statement, whieh, even if it were possible would be prolix and eomplicated to the point of obscurity but a sampIe statement, so to speak, out of all the things which could be said, intended to suggest to the reader the whole bundle of associated ideas, so that, if he eatches the bundle, he will not in the least be eonfused or impeded by the teehnical ineompleteness of the mere words which the author has written down, taken by themselves.
Since the early days of the American republic, political thinkers have maintained that a grossly unequal division of property, wealth, and power would lead to the erosion of democratic life. Yet over the past thirty-five years, neoconservatives and neoliberals alike have redrawn the tenets of American liberalism. Nowhere is this more evident than in our current mainstream political discourse, in which the politics of economic inequality are rarely discussed.In this impassioned book, Michael J. Thompson reaches back into America’s rich intellectual history to reclaim the politics of inequality from the distortion of recent American conservatism.
A resource of over 70 statistical indicators of the U.S. economy, including the Consumer Price Index, Gross Domestic Product, unemployment, housing starts, interest rates, and balance of payments. Ten more indicators have been added to those in the previous edition. This text refers to an alternate Hardcover edition.Specific topics covered include:* Theory and application of the Variance-Gamma process* Lévy process driven fixed-income and credit-risk models, including CDO pricing* Numerical PDE and Monte Carlo methods* Asset pricing and derivatives valuation and hedging* Itô formulas for fractional Brownian motion* Martingale characterization of asset price bubbles* Utility valuation for credit derivatives and portfolio managementAdvances in Mathematical Finance is a valuable resource for graduate students, researchers, and practitioners in mathematical finance and financial engineering.
Payday Lending looks at the growth of the high cost credit industry from the early payday lending industry in the early 1990s to its development in the US as a highly profitable industry around the world.
The Oxford Handbook of Panel Data examines new developments in the theory and applications of panel data. It includes basic topics like non-stationary panels, co-integration in panels, multifactor panel models, panel unit roots, measurement error in panels, incidental parameters and dynamic panels, spatial panels, nonparametric panel data, random coefficients, treatment effects, sample selection, count panel data, limited dependent variable panel models, unbalanced panel models with interactive effects and influential observations in panel data.
A growing inequality in income and wealth marks modern capitalism, and it negatively affects nearly every aspect of our lives, especially those of the working class. It is and will continue to be the central issue of politics in almost every nation on earth. In this book, the author explains inequality in clear, passionate, and intelligent prose: what it is, why it matters, how it affects us, what its underlying causes are, and what we might do about it. This book was written to encourage informed radical action by working people, the unemployed, and the poor, uniquely blending the author’s own experiences with his ability to make complex issues comprehensible to a mass audience.
The authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. In mainstream macroeconomics sound microfoundations for macroeconomics have meant incorporating sophisticated intertemporal optimization by representative agents into models. Optimal growth theory, once meant to be normative, is now taught as a descriptive theory in mainstream macroeconomic courses.
Informed by in-depth case studies focusing on a wide spectrum of micro and macro post-socialist realities, this book demonstrates the multi-faceted nature of informality and suggests that it is a widely diffused phenomenon, used at all levels of a society and by both winners and losers of post-socialist transition.
The first World Climate Conference, which was sponsored by the World Meteorological Organization in Genève in 1979, triggered an international dialogue on global warming. From the 1997 United Nations-sponsored conference-during which the Kyoto Protocol was signed-through meetings in Copenhagen, Cancún, Durban, and most recently Doha (2012) and Warsaw (2013), worldwide attention to the issue of global warming and its impact on the world’s economy has rapidly increased in intensity.
The consensus of these debates and discussions, however, is less than clear.
Showing 1–24 of 32 results