4,184 research outputs found
Teaching New Keynesian Open Economy Macroeconomics at the Intermediate Level
No full textFor the open economy the workhorse model in intermediate textbooks still is the Mundell-Fleming model, which basically extends the IS-LM model to open economy problems. The purpose of this paper is to present a simple New Keynesian model of the open economy, that introduces open economy considerations into the closed economy consensus version and that still allows for a simple and comprehensible analytical and graphical treatment. Above all, our model provides an efficient tool kit for the discussion of the costs and benefits of fixed and flexible exchange rates, which also was at the core of the Mundell-Fleming model. --open economy,inflation targeting,monetary policy rules,New Keynesian macroeconomics
Daniel Mayer: de la politique aux droits de l'Homme. Logiques d'un engagement pluriel
No full textAgrikoliansky Eric. Daniel Mayer: de la politique aux droits de l'Homme. Logiques d'un engagement pluriel. In: Matériaux pour l'histoire de notre temps, n°51-52, 1998. Daniel Mayer : l'idéal et le réel en politique, sous la direction de René Girault . pp. 52-62
Jane Mayer, 32nd Annual ODU Literary Festival
No full textJane Mayer joined The New Yorker as a staff writer in 1995. She writes about politics for the magazine, and has been covering the war on terror. Recent subjects include Alberto Mora and the Pentagon’s secret torture policy, how the United States out-sources torture, the prison at Guantánamo Bay, and the legality of C.I.A. interrogations. She has also written about George W. Bush, the bin Laden family, and Sarah Palin. Mayer was the 2008 winner of the John Chancellor Award for Journalistic Excellence. She was also a 2009 finalist for the National Book Award and the National Book Critics Circle Award. Mayer is the author of the best-selling 2008 book The Dark Side: The Inside Story of How the War in Terror Turned into a War on American Ideals, which was chosen as one of the ten best books of the year by The New York Times, The Economist Magazine, Salon, Slate and Bloomberg
This Just In piece reporting that Eric Eaton and John Mayer of the Maine Histo
No full textThis Just In piece reporting that Eric Eaton and John Mayer of the Maine Historical Society were recently honored for their work on publications accompanying the 2005 exhibit The City Awakes. Their work was chosen from 215 entries, and will be exhibited at the New England Museum Association\u27s annual conference in November before being donated to the Boston Public Library
POLICY SPACE: WHAT, FOR WHAT, AND WHERE?
No full textThe paper examines how developing countries can use existing policy space, and enlarge it, without opting out of international commitments. It argues that: (i) a meaningful context for policy space must extend beyond trade policy and include macroeconomic and exchange-rate policies that will achieve developmental goals more effectively; (ii) policy space depends not only on international rules but also on the impact of international market conditions and policy decisions taken in other countries on the effectiveness of national policy instruments; and (iii) international integration affects policy space through several factors that pull in opposite directions; whether it increases or reduces policy space differs by country and type of integration.
The Svensson versus McCallum and Nelson Controversy Revisited in the BMW Framework
No full textThis note shows that the Svensson versus McCallum and Nelson controversy battled in the Federal Reserve Bank of St. Louis Review (September/ October 2005) can be mapped into a static version of a New Keynesian macro model that consists of an IS-equation, a Phillips curve and an inflation targeting central bank (e.g., Bofinger, Mayer, Wollmershäuser, (2006); Walsh (2002)). As a contribution to literature we supplement the controversy by a forceful graphical analysis. The general debate centers on the question by which notion monetary policy should be implemented. The two sides have fundametaly opposite views on this issue. Svensson argues for targeting rules as a notion of optimal monetary policy, whereas McCallum and Nelson promote simple instrument rules. In this note we systematically analyze these two categories of monetary policy rules. In particular we show that the rule discussed by McCallum and Nelson (2005) imposes different degrees of variability on the economy compared to a targeting rule when monetary policy falls prey to measurement error. To our opinion the rule developed by McCallum and Nelson contradicts the original idea of simple rules as a heuristic for monetary policy making and should be rebutted for practical reasons . --inflation targeting,monetary policy rules,New Keynesian macroeconomics,central bank strategies
The Roman Inquisition : A Papal Bureaucracy and Its Laws in the Age of Galileo /
No full textAs Thomas F. Mayer demonstrates in this first study of the Roman Inquisition as an institution, the Inquisition underwent constant modification as it expanded. Originally aimed to eradicate Protestant heresy, it went beyond medieval antecedents by becoming a highly articulated centralized organ directly dependent on the pope.As Thomas F. Mayer demonstrates in this first study of the Roman Inquisition as an institution, the Inquisition underwent constant modification as it expanded. Originally aimed to eradicate Protestant heresy, it went beyond medieval antecedents by becoming a highly articulated centralized organ directly dependent on the pope.Electronic reproduction. ,Mode of access: Internet via World Wide Web.Thomas F. Mayer is Professor of History at Augustana College. He is author of Reginald Pole: Prince and Prophet, and editor and translator of The Trial of Galileo, 1612-1633.Description based on online resource; title from PDF title page (publisher’s Web site, viewed March 24, 2015
Helene Rothschild, Leopold Mayer, and Sara Mayer outside of their home in Staudernheim.
No full textHelene Rothschild geb. Mayer, born in 1891, died in Baltimore in 1983. Leopold Mayer, cattle dealer, butcher, and the town's only Jewish Gemeinderat, born 1835, died 1918. Sara Mayer, born 1835, died 1917. Their house was later sold to the Marx family.Digital Imag
La correspondance astronomique entre Joseph-Nicolas Delisle et Tobias Mayer.
No full textSUMMARY. — The texts of the ten letters which passed between the astronomer- cartographers Joseph- Nicolas Delisle (1688-1768) and Tobias Mayer (1723-1762) published here for the first time, cover the period 21 August 1748 - 27 January 1751, while Mayer was employed by the Homann cartographic bureau in Nuremberg on an extensive series of astronomical observations of lunar occultations and parallax, and measurements of the angular diameters of the sun and moon. These were destined to form the basis of a method for the determination of longitude at sea. At this time, however, both correspondents were interested in using such data as a means of improving the accuracy of terrestrial longitudes for their maps ; the longitude difference between Paris and Nuremberg, the latitude of Nuremberg, and the spheroidicity of the Earth's shape were therefore the principal matters of mutual concern.RÉSUMÉ. — Les textes des dix lettres échangées entre les astronomes- cartographes Joseph-Nicolas Delisle (1688-1768) et Tobias Mayer (1723-1762), publiés ici pour la première fois, concernent la période 21 août 1748 - 27 janvier 1751. Mayer était alors employé par le bureau cartographique Homann de Nuremberg à d'importantes séries d'observations des occultations et de la parallaxe lunaires et à des mesures des diamètres angulaires du Soleil et de la Lune, destinées à servir de base à une méthode de détermination des longitudes en mer. Les deux correspondants s'efforçaient aussi, à des fins cartographiques, d'utiliser ces éléments pour améliorer la précision des longitudes terrestres, et de ce fait tous deux s'intéressaient en particulier à la différence de longitudes entre Paris et Nuremberg, à la latitude de Nuremberg et à la sphéroïdicité de la surface terrestre.Forbes Eric G. La correspondance astronomique entre Joseph-Nicolas Delisle et Tobias Mayer.. In: Revue d'histoire des sciences, tome 36, n°2, 1983. pp. 113-151
The Svensson versus McCallum and Nelson Controversy Revisited in the BMW Framework
No full textThis note shows that the Svensson versus McCallum and Nelson controversy battled in the Federal Reserve Bank of St. Loius Review (September/ October 2005) can be mapped into a static version of a New Keynesian macro model that consists of an IS-equation, a Phillips curve and an inflation targeting central bank (e.g., Bofinger, Mayer, Wollmershäuser, (2006); Walsh (2002)). As a contribution to literature we supplement the controversy by a forceful graphical analysis. The general debate centers on the question by which notion monetary policy should be implemented. The two sides have fundamentally opposite views on this issue. Svensson argues for targeting rules as a notion of optimal monetary policy, whereas McCallum and Nelson promote simple instrument rules. In this note we systematically analyze these two categories of monetary policy rules. In particular we show that the rule discussed by McCallum and Nelson (2005) imposes different degrees of variability on the economy compared to a targeting rule when monetary policy falls prey to measurement error. To our opinion the hybrid Taylor rule developed by McCallum and Nelson contradicts the original idea of simple rules as a heuristic for monetary policy making and should be rebutted for practical reasons
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