Archive
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Article
Some Considerations on ‘Rationality’
Oct 5, 2012
In this post, I would like to explore the views of preferences and behavior outlined in MWG Ch.1, and specifically the view of rationality developed in this first chapter.
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Video
Breaking the Climate Change Stalemate
Oct 2, 2012
Climate change policy is caught in a stalemate between those who fear the environmental consequences of not doing enough and those who fear the economic consequences of overreacting. But controversy over the extent and sources of climate change need not stand in the way of a positive economic policy response.
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Article
Ring-fencing Explained
Oct 2, 2012
Everyone wants to ring-fence something, but they can’t agree on what: Vickers, Liikanen, Volcker.
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Article
Ring-fencing Explained
Oct 2, 2012
Everyone wants to ring-fence something, but they can’t agree on what:
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Working Paper
Grantee paperFat-Tail Distributions and Business-Cycle Models
Sep 2012
Recent empirical findings suggest that macroeconomic variables are seldom normally distributed.
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Working Paper
Grantee paperThe Pricing Effects of Ambiguous Private Information
Sep 2012
Ambiguous private information leads to informational inefficiency of asset prices in rational expectations equilibrium.
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Working Paper
Grantee paperChartbook of Economic Inequality: 25 Countries 1911-2010
Sep 2012
The purpose of this Chartbook is to present a summary of evidence about changes in economic inequality – primarily income, earnings, and wealth – for 25 countries covering a 100 year period from 1911 to 2010.
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News
Are Eurobonds Necessary?
Sep 29, 2012
A Response to the INET Euro Council Report
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News
INET Council Member Expresses Shock at Financial “Betrayal” in Europ
Sep 28, 2012
Euro Crisis Report
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Article
Situating Microeconomics
Sep 26, 2012
In this initial blog post we wish to situate microeconomics as a field of social enquiry.
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Article
What About the Questions That Economics Can’t Answer?
Sep 24, 2012
Can economics be morally centered? And perhaps more importantly, should it be?
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Article
Welcome to Reading Mas-Colell!
Sep 24, 2012
The blog is intended for any student taking an advanced microeconomics course, any faculty member teaching such material, or indeed anyone interested in microeconomics and its role in the discipline.
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Article
The use of economists' biography, IV.
Sep 23, 2012
Excerpts from a draft introduction of Till Düppe’s and Roy Weintraub’s new book, under revision for Princeton University Press, presently carrying the working title “Finding Equilibrium: Arrow, Debreu, McKenzie and the Transformation of Economic Theory
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News
INET Co-founder William H. Janeway Awarded CBE by Her Majesty the Queen
Sep 23, 2012
INET co-founder William H. Janeway has been granted the honorary award of Commander of the Order of the British Empire (CBE) for services in education and for his support of the University of Cambridge.
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Working Paper
Grantee paperAre Women Really More Risk-Averse than Men?
Sep 2012
While a substantial literature in economics and finance has concluded that women are more risk averse than men, this conclusion merits reconsideration.