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HANK Model
Ricardo A. M. R. Reis (born 1 September 1978) is a Portuguese economist who is currently the A. W. Phillips Professor of Economics at the London School of Economics. He works in macroeconomics, finance, and international economics and won the 2021 Yrjö Jahnsson Foundation medal awarded every two years by the European Economic Association for best economist under the age of 45. He writes a weekly op-ed for the Portuguese newspaper Expresso. Academic career Reis earned his Bachelor of Science (B.Sc.) degree from the London School of Economics in 1999, and his Doctor of Philosophy (Ph.D.) from Harvard University in 2004. He taught at Princeton University from 2004 to 2008 before moving to Columbia University as a full professor at the age of 29, one of the youngest ever in the history of the university. He is an academic advisor and visiting scholar at central banks around the world, and sits on the board of multiple institutions. Reis was elected a Fellow of the British Academ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heteronym (literature)
The literary concept of the heteronym refers to one or more imaginary character(s) created by a writer to write in different styles. Heteronyms differ from pen names (or pseudonyms, from the Greek words for "false" and "name") in that the latter are just false names, while the former are characters that have their own supposed physiques, biographies, and writing styles.ZENITH, Richard (2002), ''The Book of Disquiet'', Penguin Classics, 2002. Heteronyms were named and developed by the Portuguese writer and poet Fernando Pessoa in the early 20th century, but they were thoroughly explored by the Danish philosopher Kierkegaard in the 19th century and have also been used by other writers. Pessoa's heteronyms In Pessoa's case, there are at least 70 heteronyms (according to the latest count by Pessoa's editor Teresa Rita Lopes). Some of them are relatives or know each other; they criticise and translate each other's works. Pessoa's three chief heteronyms are Alberto Caeiro, Ricardo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econometric Society
The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians or statisticians. It was founded on December 29, 1930, at the Statler Hotel in Cleveland, Ohio. Its first president was Irving Fisher. As of 2014, there are about 700 elected fellows of the Econometric Society, making it one of the most prevalent research affiliations. New fellows are elected each year by the current fellows. The sixteen founding members were Ragnar Frisch, Charles F. Roos, Joseph A. Schumpeter, Harold Hotelling, Henry Schultz, Karl Menger, Edwin B. Wilson, Frederick C. Mills, William F. Ogburn, J. Harvey Rogers, Malcolm C. Rorty, Carl Snyder, Walter A. Shewhart, Øystein Ore, Ingvar Wedervang and Norbert Wiener. The Econometric Society sponsors the economics academic journal ''Econometrica ''Econometrica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Hall (economist)
Robert Ernest "Bob" Hall (born August 13, 1943) is an American economist who serves as a professor of economics at Stanford University, and as the Robert and Carole McNeil Senior Fellow at the Hoover Institution. He is generally considered a macroeconomist, but he describes himself as an applied economist. Hall received a BA in economics from the University of California, Berkeley, and a PhD in economics from the Massachusetts Institute of Technology, writing a thesis titled ''Essays on the Theory of Wealth'' under the supervision of Robert Solow. Hall is a member of the National Academy of Sciences, a fellow of both the American Academy of Arts and Sciences and the Econometric Society, and a member of the NBER. He has been the chairman of the Business Cycle Dating Committee, the body responsible for setting the start and end dates of U.S. economic recessions, since 1978. Hall served as President of the American Economic Association in 2010, and is a long-time member of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automatic Stabilizers
In macroeconomics, automatic stabilizers are features of the structure of modern government budgets, particularly income taxes and welfare spending, that act to damp out fluctuations in real GDP. The size of the government budget deficit tends to increase when a country enters a recession, which tends to keep national income higher by maintaining aggregate demand. There may also be a multiplier effect. This effect happens automatically depending on GDP and household income, without any explicit policy action by the government, and acts to reduce the severity of recessions. Similarly, the budget deficit tends to decrease during booms, which pulls back on aggregate demand. Therefore, automatic stabilizers tend to reduce the size of the fluctuations in a country's GDP. Induced taxes Tax revenues generally depend on household income and the pace of economic activity. Household incomes fall and the economy slows down during a recession, and government tax revenues fall as well. This c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Systemic Risk Board
The European Systemic Risk Board (ESRB) is a group established on 16 December 2010 in response to the euro area crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contribute to the prevention or mitigation of systemic risks to financial stability in the EU. It shall contribute to the smooth functioning of the internal market and thereby ensure a sustainable contribution of the financial sector to economic growth. The ESRB is a macro-prudential oversight body of the EU and it is part of the European System of Financial Supervision (ESFS), the purpose of which is to ensure the supervision of the EU's financial system. As a body lacking juridical personality, the ESRB relies on hosting and support by the European Central Bank. It includes representatives from the ECB, national central banks and supervisory authorities of EU member states, and the European Commission. Overview The operation of the board has been e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Doom Loop (economics)
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s). Often economic collapse is accompanied by social chaos, civil unrest and a breakdown of law and order. Cases There are few well documented cases of economic collapse. One of the best documented cases of collapse or near collapse is the Great Depression, the causes of which are still being debated. "To understand the Great Depression is the Holy Grail of macroeconomics." —Ben Bernanke (1995) Bernanke's comment addresses the difficulty of identifying specific causes when many factors may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Area Crisis
The euro area crisis, often also referred to as the eurozone crisis, European debt crisis, or European sovereign debt crisis, was a multi-year debt crisis and financial crisis in the European Union (EU) from 2009 until, in Greece, 2018. The eurozone member states of Greece, Portugal, Ireland, and Cyprus were unable to repay or refinance their government debt or to bailout fragile banks under their national supervision and needed assistance from other eurozone countries, the European Central Bank (ECB), and the International Monetary Fund (IMF). The crisis included the Greek government-debt crisis, the 2008–2014 Spanish financial crisis, the 2010–2014 Portuguese financial crisis, the post-2008 Irish banking crisis and the post-2008 Irish economic downturn, as well as the 2012–2013 Cypriot financial crisis. The crisis contributed to changes in leadership in Greece, Ireland, France, Italy, Portugal, Spain, Slovenia, Slovakia, Belgium, and the Netherlands as well as in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip R
Philip, also Phillip, is a male name derived from the Greek (''Philippos'', lit. "horse-loving" or "fond of horses"), from a compound of (''philos'', "dear", "loved", "loving") and (''hippos'', "horse"). Prominent Philips who popularized the name include kings of Macedonia and one of the apostles of early Christianity. ''Philip'' has many alternative spellings. One derivation often used as a surname is Phillips. The original Greek spelling includes two Ps as seen in Philippides and Philippos, which is possible due to the Greek endings following the two Ps. To end a word with such a double consonant—in Greek or in English—would, however, be incorrect. It has many diminutive (or even hypocoristic) forms including Phil, Philly, Phillie, Lip, and Pip. There are also feminine forms such as Philippine and Philippa. Philip in other languages * Afrikaans: Filip * Albanian: Filip * Amharic: ፊሊጶስ (Filip'os) * Arabic: فيلبس (Fīlibus), فيليبوس (Fīl� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luis Garicano
Luis Garicano Gabilondo (; born 1967) is a Spanish economist and politician who was a Member of the European Parliament (MEP) from 2019 to 2022. He was also vice president of Renew Europe and vice president of the European political party Alliance of Liberals and Democrats for Europe (ALDE Party). Before entering politics, he was a professor of strategy and economics at IE Business School in Madrid and at the London School of Economics (LSE). After leaving the European Parliament he has returned to academia as a visiting professor at Columbia Business School and at the University of Chicago Booth School of Business. In 2023, returned to LSE as full professor at the School of Public Policy. Life and academic career Luis Garicano was born in Valladolid. He is the son of Ana Gabilondo and Luis Garicano. He studied at the San José School, a Jesuit school, in his hometown. Garicano obtained bachelor's degrees in economics (1990) and Law (1991) from the University of Valladolid. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Markus Brunnermeier
Markus Konrad Brunnermeier (born March 22, 1969) is an economist, who is the Princeton University Department of Economics, Edwards S. Sanford Professor of Economics at Princeton University. Brunnermeier is a faculty member of Princeton's Princeton University Department of Economics, department of economics and director of the Bendheim Center for Finance. He is also a nonresident senior fellow at the Peterson Institute for International Economics. Brunnermeier is also the president of the American Finance Association in 2023. His research focuses on international financial markets and the macro economy with special emphasis on Economic bubble, bubbles, liquidity, Financial crisis, financial crises and monetary policy. He promoted the concepts of Resilience, Liquidity crisis, liquidity spirals, CoVaR as co-risk measure, the paradox of prudence, financial dominance, ESBies, the Reversal Rate, Digital currency areas, the redistributive monetary policy, and the I Theory of Money. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Core Inflation
Core inflation is a type of inflation measure which seeks to represent the underlying long-run trend of aggregate price levels in the economy. This is achieved by removing certain items exhibiting short-term significant price fluctuations within the overall consumer basket (as typically measured by the headline Consumer Price Index or other relevant price indices). Core inflation is thus intended to be an indicator and predictor of underlying long-term inflation. The most common approach in accomplishing this is by excluding items frequently subject to volatile price movements, like food and energy. Every country maintains its own calculation of its official core inflation figure and usually reported as complementary to the overall headline inflation by most national statistical agencies. Throughout the years, econometricians have likewise devised alternative approaches in computing core inflation using more formal methodologies. History The concept of core inflation as ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Watson (economist)
Mark W. Watson (born 1952) is the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University. Prior to coming to Princeton in 1995, Watson served on the economics faculty at Harvard University and Northwestern University. His research focuses on time-series econometrics, empirical macroeconomics, and macroeconomic forecasting. Watson has published widely cited articles in these areas, and is the co-author of ''Introduction to Econometrics'', a leading undergraduate textbook. He received a B.A. in economics at California State University, Northridge and a Ph.D. in economics at the University of California, San Diego The University of California, San Diego (UC San Diego in communications material, formerly and colloquially UCSD) is a public university, public Land-grant university, land-grant research university in San Diego, California, United States. Es .... ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
