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The Banking Crisis: A Rational Interpretation
Modern macroeconomic models relying too much rationality and market efficiency predictions
2011/9/26
Modern macroeconomic models have been widely criticised as relying too much on rationality and market efficiency. However, their predictions about this crisis are being borne out by events. ‘Crashes’ ...
Greenwood v. CompuCredit Corp.: The Ninth Circuit's Misdirected Interpretation of the Credit Repair Organizations Act
provision Credit Repair Operations Act arbitration agreement plaintiff alleged violation
2011/8/22
The article discusses a court case wherein the U.S. Court of Appeals for the Ninth Circuit examined the provision of the Credit Repair Operations Act (CROA) on arbitration agreement in a credit-repair...
THE EVOLUTION OF POS T-COMMUNIST COUNTRIES: AN INTERPRETATION FROM THE PERSPECTIVE OF COOPERATION
post communist transformation cooperation anchoring
2014/6/24
How do we account for the difficulties that former socialist countries experienced in the beginning of transition? Why is it that some countries performed relatively better (the Baltic and Central Eur...
D ynamic inconsistency and self-control: a planner–doer interpretation
Self-control Time consistency Temptation Intertemporal choice
2014/3/13
We show that Gul and Pesendorfer’s [Econometrica 69 (2001) 1403] representation result for preferences with temptation and self-control can be reexpressed in terms of a costly intrapersonal confl...
TESTING THE INTERPRETATION OF INDICES IN A MACROECONOMIC INDEX MODEL
TESTING THE INTERPRETATION INDICES MACROECONOMIC INDEX MODEL
2014/3/18
This paper discusses and contrasts different approaches to the construction of dynamic model> containing unobservables. It is argued that some analysis is easy IO cam out wing...