The phrase
"academic economists" refers to professional economists who work in universities or research institutions, specializing in studying and teaching about the economy. They conduct research and analysis to understand how different factors affect the economy and provide insights to policymakers and the public.
Full definition
Canadian academic economists need to entertain the possibility that our models do not adequately address the potential for harm caused by very low nominal interest rates.
In general, it is a bad idea to have
academic economists in regulatory positions, because they do not understand what they are doing, but merely follow their ideology.
A survey of
academic economists gives an average range of 3 - 3.5 % for a 1 - year horizon, and 5 - 5.5 % for a 30 - year horizon.
Negative rates were seen as a bizarre thought exercise
by academic economists, not something any of us would see in the real world.
I wish we could get rid of the writings
of academic economists and finance writers that don't actively invest.
For too long the Fed's internal deliberations have been dominated by
academic economists who do not understand the real world impact of monetary mechanics much less the workings of the financial markets.
That issue is crucial for Professor Gordon of Northwestern, arguably the most influential pessimist
among academic economists today.
The Economic Policy Uncertainty Index, developed by
academic economists at three major U.S. universities, tracks media coverage of policy - related uncertainty in a variety of advanced economies over time.
The authors Ormerod surveys are greatly admired, and their work is widely respected and has had a profound impact
on academic economists.
Mr. Henderson, a
distinguished academic economist and former head of economics at the Organisation for Economic Co-operation and Development, has been tangling with the IPCC for some time.
Academic economists do not need to concede the fiscal stimulus point to Bay Street — but we should at least acknowledge that they may have one.
It would be fascinating to see Spufford tackle the post-Soviet transition and particularly the way in which liberal reformers like Chubais and Berezovsky transformed themselves into oligarchs, with the aid of Western
academic economists like Andrei Shleifer.
«Since bankruptcy filings have declined mostly for low income individuals, our findings suggest that the 2005 reform may have removed an important form of insurance against negative income shocks and increased financial distress for this group,» the federal and
academic economists said.
This led to a conflict
with academic economists who insisted the optimal strategy was derived from utility maximization.
A rift has emerged in the Canadian economic community, with Bay Street economists calling for fiscal stimulus from the federal government
while academic economists are openly hostile to the idea.
The chief negotiator in aid talks with international creditors, Euclid Tsakalotos, a soft -
spoken academic economist, was appointed finance minister.
The short version: He is an
outstanding academic economist; he was the No. 2 official at the IMF; and he did a virtuoso job leading the Bank of Israel until earlier this year, making him the central banker to one of the nation's closest allies.
Leading
progressive academic economist Steve Keen gained international recognition after he successfully predicted the 2007 global crisis using an alternative macro-economic model built on the pioneering work of Hyman Minsky and Wynne Godley.
Of course, that concept of profit has now been pushed by various capitalists for about two centuries, so some people»
especially academic economists» believe it to be gospel.
Steve Keen, along with Nouriel Rubini as a non neoliberal economist states, «The first thing that the global financial crisis should therefore do to economics is to galvanise student protest about the lack of debate within academic economics itself, because
dissident academic economists will be unable to shift the tuition of economics themselves without massive pressure from the student body».
At the heart of Keynes Hayek is the clash over ideas and theories between John Maynard Keynes and Friedrich von Hayek, between the
English academic economist who advised governments and the Austrian academic who became an intellectual refugee.
And speaking of a «respectable body of economic thought,» Paul Samuelson, one of the 20th century's
foremost academic economists, instructed millions of students in his best - selling textbook that gambling «involves simply the sterile transfers of money or goods between individuals, creating no new money or goods.»
One study released last year by three
academic economists concluded that making the credit permanent could boost the U.S. gross domestic product (GDP) by 0.16 % annually, and add between 36,000 and 38,300 jobs each year.
This effect was empirically proven in academic economists [28] and in a large sample of biomedical researchers (in a survey assessing their adherence to Mertonian norms [47]-RRB-, and may help to explain the lower frequency with which misconduct is admitted in self - reports: researchers might be overindulgent with their behaviour and overzealous in judging their colleagues.
for the Best and Brightest, in particualr, those 400
opposing academic economists, you know those who have never held down a real job, to consider this problem at length with the hopes of fashioning a solution which is both functional and esthetically pleasing.
In recent years, the irrelevance of open market operations has also been argued (for slightly different reasons) by
academic economists renown for their work in the theory of «rational expectations», including Thomas Sargent and John Muth.
It publish international work that is accessible to the full range of membership in the American Law and Economics Association, which includes practising lawyers, consulting economics and academic lawyers, and
academic economists from around the world.
But if the choice was being made by the central bankers and
academic economists who attended a closely - watched conference in Jackson Hole, Wyo. over the weekend, there would be another name very much in the mix — and quite possibly the front - runner.
It's now possible
for academic economists to uncover a news story - like Stephen Gordon did with the cancellation of the long - form census.
The statement
by academic economists on global warming that's been discussed here previously has been released, with 270 (or maybe 271) signatures including at least 70 professors.
Ben Bernanke flies blind but claims that he sees; the Fed has been a lousy predictor of economic outcomes, despite the legion
of academic economists they employ.
I have yet to see
an academic economist (though may one exist) object to additional spending that could pass a cost - benefit test that excludes the stimulus effect.