A quirky and thought-provoking read for any budding econometrician. . . . Insightful and refreshing. -- James Davidson, Times Higher Education I'd recommend it to the entire range of empirical economists, from those still in training to those who, like me, have only a hazy memory of statistical theory and stick to our tried and tested methods of estimation . . . an excellent guide to how to do basic regression/IV/panel data estimation really well. In particular, it demonstrates through many examples how to bring about a happy marriage between one's underlying model and the data which might or might not confirm the researcher's hypotheses. -- Diane Coyle, The Enlightened Economist Blog The applied econometric methods emphasized in this book are easy to use and relevant for many areas of contemporary social sciences. -- Pavel Stoynov, Zentralblatt MATH

Why isn't the whole world as rich as the United States? Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differences in Total Factor Productivity (TFP) explain this phenomenon. These differences exist because some countries erect barriers to the efficient use of readily available technology. The purpose of these barriers is to protect industry insiders with vested interests in current production processes from outside competition. Were this protection stopped, rapid TFP growth would follow in the poor countries, and the whole world would soon be rich. Barriers to Riches reflects a decade of research by the authors on this question. Like other books on the subject, it makes use of historical examples and industry studies to illuminate potential explanations for income differences. Unlike these other books, however, it uses aggregate data

How can your name affect how well you do in life? What do estateagents and the Ku Klux Klan have in common? Why do drug dealerslive with their mothers? The answer: Freakonomics. It’s at theheart of everything we do and the things that affect us daily: fromsex to crime, parenting to politics, fat to cheating, fear totraffic jams. And we can use it to get to the heart of what’sreally happening under the surface of everyday life. This cultbestseller will show you how, by unravelling your life’s secretcodes, you can discover a totally new way of seeing the world.

Since the Bank of England was made independent in 1997，the conduct of monetary policy has been relatively uncontroversial.The debates between Keyneisans，monetarists and supporters of fixed exchange rate mechanisms now appear very distant. Despite the apparent consensus there are many issues related to the conduct of monetary policy that are not yet settled and which will soon come to the fore.Is the current form of independence for the Bank of England appropriate？ Should a central bank target inflation or the prices level？ How does a central bank deal with asset price deflation？ Should more account be taken of monetary aggregates？ Should central banks target asset prices？ What is the relationship between the money supply and asset price inflation？ How should central banks ensure financial stability？ The IEA was at the forefront of changing the parameters of the debate surrounding monetary policy in the 1970s and 1980s.This text，brings together some of the leading authors in th

What happens when advances in technologg allow mang things to be produced for more or less nothing? And what happens when those things are then made available to us for free? In his groundbreaking new book, The Long Tail author Chris Anderson considers a brave new world where the old economic certainties are being undermined by a growing flood of free goods - newspapers, DVDs, T-shirts, phones, even holiday flights. He explains why this has become possible - why fast-evolvingtechnologies, particularly the Internet, have caused production and distribution costs in many sectors to plummet to levels unthinkable even a decade ago. He shows how the flexibility provided by the online world allows producers to trade ever more creatively, offering items for free to make real or perceived gains elsewhere. He pinpoints the winners and losers in the Free universe. And he demonstrates the wags in which, as an increasing number of things become available for free, our decisions to make use of them will be determined by tw

Though the names have been changed to protect the not-so-innocent, this is a true story, containing all the ingredients of a great narrative—a main character the reader can relate to, an appealing love interest, money, danger, the need for acceptance, suspense and even the realization (in some form) of the American dream. Mezrich (Bringing Down the House) presents wanna-be financial star "John Malcolm," who accepts a nebulous job offer in Japan in the mid-1990s and leaves his middle-class New Jersey postcollege aimless existence for an adventure he might have dreamed of had he any idea of what the big boys' world of finance was really like. After hitting the ground at top speed from day one, John and his cohorts—all male, mostly Ivy League graduates—learn their way around the lucrative, fast-paced and legal-but-barely-palatable world of cowboy-style Asian market finance. In the process, they make millions (sometimes per trade) and pride themselves on knowing when to get in and how to spot their exit poi

In Common Wealth, Jeffrey D. Sachs—one of the world’s most respected economists and the author of The New York Times bestseller The End of Poverty— offers an urgent assessment of the environmental degradation, rapid population growth, and extreme poverty that threaten global peace and prosperity. Through crystalline examination of hard facts, Sachs predicts the cascade of crises that awaits this crowded planet—and presents a program of sustainable development and international cooperation that will correct this dangerous course. Few luminaries anywhere on the planet are as schooled in this daunting subject as Sachs, and this is the vital product of his experience and wisdom.

This book covers the typical material of an intermediate macroeconomics course at the undergraduate level.The approach is both theoretical and statistical, with the theory being limited to algebraic expressions and the statistics to simple and multiple regression and correlation.The coverage is traditional for the course (being IS-LM in its focus), and the tests are of the consumption function, investment function, demand for money, Phillips curve, etc. Every effort is made to explain the statistics, with some explicit statistical material embedded in the text and several "how to" sections in the Appendix geared to the popular programs Eviews and Excel.There is also a set of Internet links that instructors can readily access in order to supplement and update the data and to use to provide the data for the students to work the exercises. The book is intended as a text for an intermediate economics course and has been used as such at North Carolina State University. There are full sets of review questio

The World Is Flat has helped millions of readers to see globalization in a new way. Now Friedman brings a fresh outlook to the crises of destabilizing climate change and rising competition for energy—both of which could poison our world if we do not act quickly and collectively. His argument speaks to all who are concerned about the state of the world in the global future. Friedman proposes that an ambitious national strategy— which he calls “Geo-Greenism”—is not only what we need to save the planet from overheating; it is what we need to make us all healthier, richer, more innovative, more productive, and more secure. As in The World Is Flat, he explains a new era—the Energy-Climate era—through an illuminating account of recent events. He sets out the clean-technology breakthroughs the world will need; he shows that the ET (Energy Technology) revolution will be both transformative and disruptive; and he explains why America must lead this revolution—with the first Green President and a Green

What have the invention of the wheel, Pompeii, the Wall StreetCrash, Harry Potter and the internet got in common? Why are allforecasters con-artists? What can Catherine the Great’s lovers tellus about probability? Why should you never run for a train or reada newspaper? This book is all about Black Swans: the random eventsthat underlie our lives, from bestsellers to world disasters. Theirimpact is huge; they’re impossible to predict; yet after theyhappen we always try to rationalize them. A rallying cry to ignorethe ‘experts’, The Black Swan shows us how to stop trying topredict everything – and take advantage of uncertainty.

Every day, stocks, bonds, and currencies bounce wildly in response to new economic indicators. Money managers obsess over those statistics, because they provide crucial clues about the future of the economy and the financial markets. Now you can use these indicators to make smarter investment decisions, just like the professionals do.You don't need an economics degree, or a CPA... just this easy-to-use book. Former TIME Magazine senior economics reporter Bernard Baumohl has done the impossible: he's made economic indicators fascinating. Using real-world examples and stories,Baumohl illuminates every U.S. and foreign indicator that matters.Where to find them.What they look like. What the insiders know about their track records. And exactly how to interpret them. Whether you're an investor,broker, portfolio manager, researcher, journalist,or student, you'll find this book indispensable.Nobody can predict the future with certainty. But The Secrets of Economic Indicators will get you as close as h

How can your name affect how well you do in life? What do estate agents and the Ku Klux Klan have in common? Why do drug dealers live with their mothers? The answer: Freakonomics. It s at the heart of everything we do and the things that affect us daily: from sex to crime, parenting to politics, fat to cheating, fear to traffic jams. And we can use it to get to the heart of what s really happening under the surface of everyday life. This cult bestseller will show you how, by unravelling your life s secret codes, you can discover a totally new way of seeing the world.

Quick answers to your IFRS questions Presented in a question and answer format, The Vest Pocket IFRSprovides a brief explanation of each IFRS topic, the issuesinvolved, and the solution. Coverage includes calculations, journalentries, flowcharts outlining various options, footnotesdisclosures, and brief examples. Provides quick answers to specific questions in a Q Aformat Focuses on the most common accounting problems arising from aparticular IFRS topic Calculations, footnotes disclosures, and brief examples areprovided Other titles by Bragg: The Vest Pocket Controller, AccountingBest Practies, Sixth Edition, and Just-in-Time Accounting, ThirdEdition The first book of its kind to answer IFRS issues on the spot, TheVest Pocket IFRS gives you the quick, specific IFRS answers youneed right now.

The American labor market faces many deep-rooted problems, including persistence of a large low-wage sector, worsening inequality in earnings, employees' lack of voice in the workplace, and the need of employers to maximize flexibility if they are to survive in an increasingly competitive market. The impetus for this book is the absence of a serious national debate about these issues. The book represents nearly three years of deliberation by more than 250 people drawn from business, labor, community groups, academia, and government. It traces today’s labor-market policy and laws back to the New Deal and to a second wave of social regulation that began in the 1960s. Underlying the current system are assumptions about who is working, what workers do, and how much job security workers enjoy. Economic and social changes have rendered those assumptions invalid and have resulted in mismatches between labor institutions and efficient and equitable deployment of the workforce, as well as between commitments t

In the summer of 2003, the New York Times Magazine sent Stephen J. Dubner, an author and journalist, to write a profile of Steven D. Levitt, a heralded young economist at the University of Chicago. Levitt was not remotely interested in the things that interest most economists. More... Instead, he studied the riddles of everyday lifefrom cheating to crime to child-rearingand his conclusions turned the conventional wisdom on its head. For instance, he argued that one of the main causes of the crime drop of the 1990s was the legalization of abortion twenty years earlier. (Unwanted children have a greater likelihood of becoming criminals; with so many unwanted children being aborted in the 1970s, the pool of potential criminals had significantly shrunk by the 1990s.) The Times article yielded an unprecedented response, a deluge of interest from thousands of curious, inspired, and occasionally distraught readers. Levitt and Dubner collaborated on a book that gives full play to Levitts most compelling ideas.

This book focuses on the 11 men, lawyers and bankers, who are responsible for the creation of Wall Street′s merger industry. It specifically concentrates on the events and personalities who dominated Wall Street during the takeover battles of the 1970s and 1980s. Lawyers Joe Flom and Marty Lipton, the godfathers of modern M A, educated bankers on takeover laws and regulations as well as tactics. Flom and Lipton were also superlative businessmen who built their own firms to become Wall Street powerhouses. The two men drew into their orbit a circle of bankers. Felix Rohatyn, Ira Harris, Steve Friedman, Geoff Boisi, Eric Gleacher and Bruce Wasserstein were close to Lipton. Robert Greenhill and Joe Perella were close to Flom. M A Titans provides insight into the culture of the different investment banks and how each of the bankers influenced the firms they worked in as they became more powerful. Some such as Gleacher, Harris, Wasserstein, Perella and Greenhill clashed with the men running their firms and

This authoritative encyclopedia makes a timely debut. . . . Its 300 topics are chosen for their value in communicating an 'understanding of economic forces.' The work spans general to specialized topics, and it does this well. . . . [T]his readable set is worth the investment for any academic or large public library. -- C. Le Beau, Choice The Princeton Encyclopedia of the World Economy beautifully integrates the ideas, theories, institutions, policies, and analyses of the modern global economy. It provides expert essays on four major areas of economic globalization: international trade, international finance, international production, and international economic development. The essays are written in language that bridges the gap between general treatments found in popular publications and the complex analyses found in specialist publications, such as academic journals and monographs. . . . This is a wonderful work for the serious study of the global economy. -- Reference & User Services Quarterly This two v

Malliavin calculus provides an infinite-dimensional differential calculus in the context of continuous paths stochastic processes. The calculus includes formulae of integration by parts and Sobolev spaces of differentiable functions defined on a probability space. This new book, demonstrating the relevance of Malliavin calculus for Mathematical Finance, starts with an exposition from scratch of this theory. Greeks (price sensitivities) are reinterpreted in terms of Malliavin calculus. Integration by parts formulae provide stable Monte Carlo schemes for numerical valuation of digital options. Finite-dimensional projections of infinite-dimensional Sobolev spaces lead to Monte Carlo computations of conditional expectations useful for computing American options. The discretization error of the Euler scheme for a stochastic differential equation is expressed as a generalized Watanabe distribution on the Wiener space. Insider information is expressed as an infinite-dimensional drift. The last chapter gives an intro

Researchers are increasingly turning to computational methods to study the dynamic properties of political and economic systems. Politicians, citizens, interest groups, and organizations interact in dynamic, complex environments, and the static models that are predominant in political economy are limited in capturing fundamental features of economic decision making in modern democracies. Computational models--numerical approximations of equilibria and dynamics that cannot be solved analytically--provide useful insight into the behavior of economic agents and the aggregate properties of political systems. They serve as a valuable complement to existing mathematical tools. This book offers some of the latest research on computational political economy. The focus is on theoretical models of traditional problems in the field. Each chapter presents an innovative model of interaction between economic agents. Topics include voting behavior, candidate position taking, special interest group contributions,

In Export Now, two superbly qualified authorsexplain the secrets to taking your company global. Offering areal-world strategy that any sized business can use to go global,this book serves as a trustworthy handbook for identifying,evaluating, and profiting from global business opportunities.

Textbook describing and predicting production, trade and investment across countries, with a thorough de*ion of the foundations of international trade and investment. Features more than 200 boxed examples illustrating the theory presented and an interactive companion Web site with analyses of current events, data sources and international economics links. --This text refers to the Hardcover edition. 作者简介： HENRY THOMPSON is a Professor of Economics at Auburn University. He has taught international economics for over 20 years at the undergraduate and graduate levels. He has published widely in international economics as well as energy economics and economic theorv He has presented seminars on international economics from Athens to Hong Kong. Send e-mail to thomph l @auburn.edu. This textbook is based on extensive classroom use, and it works!

Even as white collar jobs are outsourced to Indian firms,those of us in the developed world persist in the view that ourdistinct advantage over the developing world our ability toinnovate will remain unchallenged. After all, where are the IndianiPhones, Googles, and Viagras? But according to the latest researchby India business experts Nirmalya Kumar and Phanish Puranam, thisview is wrongheaded. In fact, though much of it is invisible to theWestern consumer, there is already a great deal of innovation inIndia such as management and process innovation, and innovations inB2B and R D, for example. Even more dramatically, Kumar andPuranam study a new, more visible, consumer-oriented kind ofinnovation emerging in India of compact, low-cost, robust, andefficient products. New products such as Tata's Nano, Going Green'sG-Wiz car, and GE's ECG machine exemplify this unique kind ofIndian innovation which is marked by robustness (more insensitiveto a harsh environment), compactness (miniaturization and systemint