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Results 1 - 10
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40,025
The Science of Monetary Policy: A New Keynesian Perspective
- Journal of Economic Literature
, 1999
"... “Having looked at monetary policy from both sides now, I can testify that central banking in practice is as much art as science. Nonetheless, while practicing this dark art, I have always found the science quEite useful.” 2 Alan S. Blinder ..."
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Cited by 1825 (41 self)
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“Having looked at monetary policy from both sides now, I can testify that central banking in practice is as much art as science. Nonetheless, while practicing this dark art, I have always found the science quEite useful.” 2 Alan S. Blinder
Implications of rational inattention
- JOURNAL OF MONETARY ECONOMICS
, 2002
"... A constraint that actions can depend on observations only through a communication channel with finite Shannon capacity is shown to be able to play a role very similar to that of a signal extraction problem or an adjustment cost in standard control problems. The resulting theory looks enough like fa ..."
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Cited by 525 (11 self)
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familiar dynamic rational expectations theories to suggest that it might be useful and practical, while the implications for policy are different enough to be interesting.
Risk-management: coordinating corporate investment and financing policies
, 1993
"... This paper develops a general framework for analyzing corporate risk management policies. We begin by observing that if external sources of finance are more costly to corporations than internally generated funds, there will typically be a benefit to hedging: hedging adds value to the extent that it ..."
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Cited by 554 (16 self)
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This paper develops a general framework for analyzing corporate risk management policies. We begin by observing that if external sources of finance are more costly to corporations than internally generated funds, there will typically be a benefit to hedging: hedging adds value to the extent
Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
- Journal of Economics
, 2000
"... We estimate a forward-looking monetary policy reaction function for the postwar United States economy, before and after Volcker’s appointment as Fed Chairman in 1979. Our results point to substantial differences in the estimated rule across periods. In particular, interest rate policy in the Volcker ..."
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Cited by 1266 (17 self)
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We estimate a forward-looking monetary policy reaction function for the postwar United States economy, before and after Volcker’s appointment as Fed Chairman in 1979. Our results point to substantial differences in the estimated rule across periods. In particular, interest rate policy
Stability properties of constrained queueing systems and scheduling policies for maximum throughput in multihop radio networks
- IEEE Transactions on Automatic Control
, 1992
"... Abstruct-The stability of a queueing network with interdependent servers is considered. The dependency of servers is described by the definition of their subsets that can be activated simultaneously. Multihop packet radio networks (PRN’s) provide a motivation for the consideration of this system. We ..."
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Cited by 949 (19 self)
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. We study the problem of scheduling the server activation under the constraints imposed by the dependency among them. The performance criterion of a scheduling policy m is its throughput that is characterized by its stability region C,, that is, the set of vectors of arrival rates for which the system
Investor psychology and security market under- and overreactions
- Journal of Finance
, 1998
"... We propose a theory of securities market under- and overreactions based on two well-known psychological biases: investor overconfidence about the precision of private information; and biased self-attribution, which causes asymmetric shifts in investors ’ confidence as a function of their investment ..."
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Cited by 698 (43 self)
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-run earnings “drift, ” but negative correlation between future returns and long-term past stock market and accounting performance. The theory also offers several untested implications and implications for corporate fi-nancial policy. IN RECENT YEARS A BODY OF evidence on security returns has presented a sharp
Compressive sampling
, 2006
"... Conventional wisdom and common practice in acquisition and reconstruction of images from frequency data follow the basic principle of the Nyquist density sampling theory. This principle states that to reconstruct an image, the number of Fourier samples we need to acquire must match the desired res ..."
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Cited by 1441 (15 self)
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of scientific interest accurately and sometimes even exactly from a number of samples which is far smaller than the desired resolution of the image/signal, e.g. the number of pixels in the image. It is believed that compressive sampling has far reaching implications. For example, it suggests the possibility
Motivational and self-regulated learning components of classroom academic performance
- Journal of Educational Psychology
, 1990
"... A correlational study examined relationships between motivational orientation, self-regulated learning, and classroom academic performance for 173 seventh graders from eight science and seven English classes. A self-report measure of student self-efficacy, intrinsic value, test anxiety, self-regulat ..."
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Cited by 679 (6 self)
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A correlational study examined relationships between motivational orientation, self-regulated learning, and classroom academic performance for 173 seventh graders from eight science and seven English classes. A self-report measure of student self-efficacy, intrinsic value, test anxiety, self
The file drawer problem and tolerance for null results
- Psychological Bulletin
, 1979
"... For any given research area, one cannot tell how many studies have been con-ducted but never reported. The extreme view of the "file drawer problem " is that journals are filled with the 5 % of the studies that show Type I errors, while the file drawers are filled with the 95 % of the stud ..."
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Cited by 497 (0 self)
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% of the studies that show non-significant results. Quantitative procedures for computing the tolerance for filed and future null results are reported and illustrated, and the implications are discussed. Both behavioral researchers and statisti-cians have long suspected that the studies published in the behavioral
A theory of social comparison processes,”
- Human Relations,
, 1954
"... In this paper we shall present a further development of a previously published theory concerning opinion influence processes in social groups (7). This further development has enabled us to extend the theory to deal with other areas, in addition to opinion formation, in which social comparison is i ..."
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Cited by 1318 (0 self)
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the existence of a drive to determine whether or not one's opinions were "correct". We are here stating that this same drive also produces behavior in people oriented toward obtaining an accurate appraisal of their abilities. The behavioral implication of the existence of such a drive is that we
Results 1 - 10
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40,025
