331 research outputs found
Comparative Management Accounting in Developing Countries
No full textsubmitted by Mag. Michael Kuttner, BScZusammenfassungen in deutscher und englischer SpracheMasterarbeit Universität Linz 201
“Chrysalis”: Bradbury and Henry Kuttner
No full textThis chapter examines how Henry Kuttner influenced Ray Bradbury as a writer. In terms of his overall development as a writer, Bradbury received his most intense mentoring from Kuttner. Although Bradbury correctly sensed that Kuttner believed in his potential and respected his enthusiasm, he never felt that Kuttner wanted to be a close friend. But Kuttner's surviving letters, written after he entered military service in early 1942, proved otherwise: they project a genuine friendship as well as growing professional respect. These letters document the first major opportunity for Bradbury as a science fiction author. This chapter considers Kuttner's role as mentor to Bradbury during his clash with Astounding editor John Campbell over Bradbury's story “Chrysalis” regarding length and narrative point of view.</p
Report on the Third International Conference “Digital Transformation and Sustainability in Global Financial Economics”
No full textOn September 18 and 19, the 3rd conference, “Digital Transformation and
Sustainability in Global Financial Economics,” took place at the Salzburg University
of Applied Sciences, Austria. This year’s motto was “Opportunities and challenges
for a sustainable and digital future.” Originally, the conference was initiated by Tim
A. Herberger (Chair of Business Administration esp. Entrepreneurship, Finance and
Digitalization, Andrássy University in Budapest, Hungary). For the first time, the
event was organised in cooperation with Michael Kuttner (Professor of Accounting
& Financial Management, Department Business & Tourism, Salzburg University
of Applied Sciences, Austria). About 50 experts (mainly from Austria, Hungary
and Germany) presented and discussed the latest findings on digitalisation and
sustainability. A total of 17 research projects on this topic were presented in both
German and English. Each presentation was followed by a co-presentation, which
kept the conference lively and open for discussion and constructive feedback. The
conference featured a wide variety of topics, which will be presented in detail in
the following sections
The Divided Information Superhighway
No full textThis issue marks the introduction of the Margaret Chase Smith Essay, which will be a feature in each issue honoring Sen. Smith by focusing on issues related to citizenship, ethics in government, and integrity as a virtue of public leadership. In this first essay, economist Robert Kuttner asks some important ethical questions about the new world of electronic communications. He suggests that who plays and who pays are very important issues that have not been adequately considered in the highly technical and competitive world that will mark the 21st century. [This essay originally appeared as a column in the Boston Globe and is reprinted with [permission of the author.]
The limitations of markets: Background essay
No full textBusiness leaders and voting citizens as well as policy makers are influenced in their decision-making by the idea that a “perfectly free” market can produce a social optimum (a “best of all possible worlds”). Because this idea is so influential, it is important to understand the conditions that must be met for the theory to work. The theoretic prediction of the optimality of market outcomes presupposes a number of requirements, which can be grouped into three broad categories: (1) the assumption of perfectly functioning markets; (2) market-oriented patterns of motivation and behavior, on the part of both individuals and firms; and (3) the universal existence and scope of markets.optimality, market imperfections, public goods, externalities, transaction costs, market power, human needs, equity
The role of policy rules in inflation targeting
No full textMonetary policy ; Inflation (Finance) ; Banks and banking, Central
[Photograph 2012.201.B1068.0374]
No full textPhotograph used for a newspaper owned by the Oklahoma Publishing Company. Caption: "The Hungarian Quartet -- seated, Zoltan Szekely; right, Michael Kuttner; left, Gabriel Magyar; and center, standing, Denes Koromzay.
Chancen und Herausforderungen für eine digitale und nachhaltige Zukunft im finanzwirtschaftlichen Kontext
No full textCentral Bank Transparency: Where, Why, and with What Effects?
No full textGreater transparency in central bank operations is the most dramatic change in the conduct of monetary policy in recent years. In this paper we present new information on its extent and effects. We show that the trend is general: a large number of central banks have moved in the direction of greater transparency since the late 1990s. We then analyze the determinants and effects of central bank transparency in an integrated empirical framework. Transparency is greater in countries with more stable and developed political systems and deeper and more developed financial markets. Our preliminary analysis suggests broadly favorable if relatively weak impacts on inflation and output variability.
The Difficulty of Discerning What's Too Tight: Taylor Rules and Japanese Monetary Policy
No full textObservers have relied increasingly on simple reaction functions, such as the Taylor rule, to assess the conduct of monetary policy. Applying this approach to deflationary or near-zero inflation environments is problematic, however, and this paper examines two shortcomings of particular relevance to the Japanese case of the last decade. One is the unusually high degree of uncertainty associated with potential output in an environment of prolonged stagnation and deflation. Consequently, reaction function-based assessments of Japanese monetary policy are so sensitive to the chosen gauge of potential output as to be unreliable. The second shortcoming is the neglect of policy expectations, which become critically important as nominal interest rates approach zero. Using long-term bond yields, we identify five episodes since 1996 characterized by abrupt declines in Japanese inflation expectations. Policies undertaken by the Bank of Japan during this period did little to stabilize expectations, and the August 2000 interest rate increase appears to have intensified deflationary concerns.Deflation, Monetary Policy, Policy Rules, Taylor Rule, Japan
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