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Book Synopsis Contacts, credibility and common knowledge: their influence on inflation convergence by : Marcus; Sutherland Miller (Alan)
Download or read book Contacts, credibility and common knowledge: their influence on inflation convergence written by Marcus; Sutherland Miller (Alan) and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contacts, Credibility and Common Knowledge by : Marcus Miller
Download or read book Contacts, Credibility and Common Knowledge written by Marcus Miller and published by . This book was released on 1999 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of overlapping wage contracts are analyzed and shown to generate little inertia. This contrasts with the effects of government credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise if these expectations are not common knowledge.
Book Synopsis Contacts, Credibility and Common Knowledge by : Mr.Marcus Miller
Download or read book Contacts, Credibility and Common Knowledge written by Mr.Marcus Miller and published by International Monetary Fund. This book was released on 1992-03-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of overlapping wage contracts are analyzed and shown to generate little inertia. This contrasts with the effects of government credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise if these expectations are not common knowledge.
In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of overlapping wage contracts are analyzed and shown to generate little inertia. This contrasts with the effects of government credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise if these expectations are not common knowledge.
Book Synopsis Contacts, Credibility and Common Knowledge by : Marcus H. Miller
Download or read book Contacts, Credibility and Common Knowledge written by Marcus H. Miller and published by . This book was released on 2006 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of overlapping wage contracts are analyzed and shown to generate little inertia. This contrasts with the effects of government credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise if these expectations are not common knowledge.
Structure is a central theme of construction, of interest to both engineers and architects; this book on architectural structures aims to facilitate the dialogue between these two professions. The chapters are organized into a progressive, step-by-step analysis of increasing complexity - a structural path - stressing an intuitive approach and conveying with diagrams and simple equations the requirements behind the dimensioning of all types of structures employed in construction. This approach is particularly useful for students, providing them with an intuitive understanding of form and function, as well as the insight to make their designs more sensible, coherent and elegant. "The art of structures" has been written for architects, civil engineers and construction professionals, and for all those need to acquire an intuitive and practical approach to the design and appropriate dimensioning of load bearing structures.
Book Synopsis Common Knowledge by : Moira Cockell
Download or read book Common Knowledge written by Moira Cockell and published by EPFL Press. This book was released on 2011-01-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structure is a central theme of construction, of interest to both engineers and architects; this book on architectural structures aims to facilitate the dialogue between these two professions. The chapters are organized into a progressive, step-by-step analysis of increasing complexity - a structural path - stressing an intuitive approach and conveying with diagrams and simple equations the requirements behind the dimensioning of all types of structures employed in construction. This approach is particularly useful for students, providing them with an intuitive understanding of form and function, as well as the insight to make their designs more sensible, coherent and elegant. "The art of structures" has been written for architects, civil engineers and construction professionals, and for all those need to acquire an intuitive and practical approach to the design and appropriate dimensioning of load bearing structures.
An intensive global search is on for the "rule of law," the holy grail of good governance, which has led to a dramatic increase in judicial reform activities in developing countries. Very little attention, however, has been paid to the widening gap between theory and practice, or to the ongoing disconnect between stated project goals and actual funded activities. Beyond Common Knowledge examines the standard methods of legal and judicial reform. Taking stock of international experience in legal and judicial reform in Latin America, Europe, India, and China, this volume answers key questions in the judicial reform debate: What are the common assumptions about the role of the courts in improving economic growth and democratic politics? Do we expect too much from the formal legal system? Is investing in judicial reform projects a good strategy for getting at the problems of governance that beset many developing countries? If not, what are we missing?
Book Synopsis Beyond Common Knowledge by : Erik Gilbert Jensen
Download or read book Beyond Common Knowledge written by Erik Gilbert Jensen and published by Stanford University Press. This book was released on 2003 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: An intensive global search is on for the "rule of law," the holy grail of good governance, which has led to a dramatic increase in judicial reform activities in developing countries. Very little attention, however, has been paid to the widening gap between theory and practice, or to the ongoing disconnect between stated project goals and actual funded activities. Beyond Common Knowledge examines the standard methods of legal and judicial reform. Taking stock of international experience in legal and judicial reform in Latin America, Europe, India, and China, this volume answers key questions in the judicial reform debate: What are the common assumptions about the role of the courts in improving economic growth and democratic politics? Do we expect too much from the formal legal system? Is investing in judicial reform projects a good strategy for getting at the problems of governance that beset many developing countries? If not, what are we missing?
This paper explains why sovereign issuers of reserve currencies do not use unexpected inflation to repudiate their foreign liabilities. Monetary restraint is exercised because of the fear that reserve users will switch to other currencies if an attempt is made to raise “excessive” revenue. By the same reasoning, capital flight can serve as a deterrent to excessive money creation. It is shown that even without policy precommitment or aversion to inflation, the availability of alternative currencies can support an equilibrium with a finite, time consistent inflation rate.
Book Synopsis Contacts, Credibility and Common Knowledge by : International Monetary Fund
Download or read book Contacts, Credibility and Common Knowledge written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-04-03 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains why sovereign issuers of reserve currencies do not use unexpected inflation to repudiate their foreign liabilities. Monetary restraint is exercised because of the fear that reserve users will switch to other currencies if an attempt is made to raise “excessive” revenue. By the same reasoning, capital flight can serve as a deterrent to excessive money creation. It is shown that even without policy precommitment or aversion to inflation, the availability of alternative currencies can support an equilibrium with a finite, time consistent inflation rate.
A selective index of major research papers prepared by IMF staff in 1991-98.
Book Synopsis Research Activities of the IMF, January 1991-December 1998 by : International Monetary Fund
Download or read book Research Activities of the IMF, January 1991-December 1998 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-09-24 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selective index of major research papers prepared by IMF staff in 1991-98.
Widely regarded as the standard reference in the field, this book provides essential tools for understanding and assessing malingering and other response styles in forensic and clinical contexts. An integrating theme is the systematic application of detection strategies as conceptually grounded, empirically validated methods that bridge different measures and populations. Special topics include considerations in working with children and youth. From leading practitioners and researchers, the volume reviews the scientific knowledge base and offers best-practice guidelines for maximizing the accuracy of psychological and psychiatric evaluations.
Book Synopsis Clinical Assessment of Malingering and Deception, Third Edition by : Richard Rogers
Download or read book Clinical Assessment of Malingering and Deception, Third Edition written by Richard Rogers and published by Guilford Press. This book was released on 2008-05-21 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Widely regarded as the standard reference in the field, this book provides essential tools for understanding and assessing malingering and other response styles in forensic and clinical contexts. An integrating theme is the systematic application of detection strategies as conceptually grounded, empirically validated methods that bridge different measures and populations. Special topics include considerations in working with children and youth. From leading practitioners and researchers, the volume reviews the scientific knowledge base and offers best-practice guidelines for maximizing the accuracy of psychological and psychiatric evaluations.
Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.
Book Synopsis Research Activities of the IMF, January 1991-December 1999 by : International Monetary Fund
Download or read book Research Activities of the IMF, January 1991-December 1999 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-01-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.
