The Experts below are selected from a list of 12714 Experts worldwide ranked by ideXlab platform
Carolyn Fischer - One of the best experts on this subject based on the ideXlab platform.
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environmental macroeconomics environmental policy business cycles and directed technical change
Annual Review of Resource Economics, 2013Co-Authors: Garth Heutel, Carolyn FischerAbstract:Environmental economics has traditionally fallen in the domain of Microeconomics, but approaches from macroeconomics have recently been applied to studying environmental policy. We focus on two macroeconomic tools and their application to environmental economics. First, real-business-cycle models can incorporate pollution and pollution policy and can be used to answer several questions. For example, how should environmental policy adjust to business cycles? How do different types of policies fare in a context with business cycles? Second, endogenous technological growth is an important component of environmental policy. Several studies ask how policy can be designed both to tackle emissions directly and to influence the adoption of clean technologies. We focus on these two aspects of environmental macroeconomics but emphasize that there are many other potential applications.
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environmental macroeconomics environmental policy business cycles and directed technical change
National Bureau of Economic Research, 2013Co-Authors: Garth Heutel, Carolyn FischerAbstract:Environmental economics has traditionally fallen in the domain of Microeconomics, but recently approaches from macroeconomics have been applied to studying environmental policy. We focus on two macroeconomic tools and their application to environmental economics. First, real business cycle models can incorporate pollution and pollution policy and be used to answer several questions. How can environmental policy adjust to business cycles? How do different types of policies fare in a context with business cycles? Second, endogenous technological growth is an important component of environmental policy. Several studies ask how policy can be designed to both tackle emissions directly and influence the adoption of clean technologies. We focus on these two aspects of environmental macroeconomics but emphasize that there are many other potential applications.
Yingyao Hu - One of the best experts on this subject based on the ideXlab platform.
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the econometrics of unobservables applications of measurement error models in empirical industrial organization and labor economics
Journal of Econometrics, 2017Co-Authors: Yingyao HuAbstract:This paper reviews the recent developments in nonparametric identification of measurement error models and their applications in applied Microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to an observed distribution. The identification and estimation of measurement error models focus on how to obtain the latent distribution and the measurement error distribution from the observed distribution. Such a framework is suitable for many microeconomic models with latent variables, such as models with unobserved heterogeneity or unobserved state variables and panel data models with fixed effects. Recent developments in measurement error models allow very flexible specification of the latent distribution and the measurement error distribution. These developments greatly broaden economic applications of measurement error models. This paper provides an accessible introduction of these technical results to empirical researchers so as to expand applications of measurement error models.
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microeconomic models with latent variables applications of measurement error models in empirical industrial organization and labor economics
2015Co-Authors: Yingyao HuAbstract:This paper reviews recent developments in nonparametric identification of measurement error models and their applications in applied Microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to an observed distribution. The identification and estimation of measurement error models focus on how to obtain the latent distribution and the measurement error distribution from the observed distribution. Such a framework may be suitable for many microeconomic models with latent variables, such as models with unobserved heterogeneity or unobserved state variables and panel data models with fixed effects. Recent developments in measurement error models allow very flexible specification of the latent distribution and the measurement error distribution. These developments greatly broaden economic applications of measurement error models. This paper provides an accessible introduction of these technical results to empirical researchers so as to expand applications of measurement error models.
Garth Heutel - One of the best experts on this subject based on the ideXlab platform.
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environmental macroeconomics environmental policy business cycles and directed technical change
Annual Review of Resource Economics, 2013Co-Authors: Garth Heutel, Carolyn FischerAbstract:Environmental economics has traditionally fallen in the domain of Microeconomics, but approaches from macroeconomics have recently been applied to studying environmental policy. We focus on two macroeconomic tools and their application to environmental economics. First, real-business-cycle models can incorporate pollution and pollution policy and can be used to answer several questions. For example, how should environmental policy adjust to business cycles? How do different types of policies fare in a context with business cycles? Second, endogenous technological growth is an important component of environmental policy. Several studies ask how policy can be designed both to tackle emissions directly and to influence the adoption of clean technologies. We focus on these two aspects of environmental macroeconomics but emphasize that there are many other potential applications.
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environmental macroeconomics environmental policy business cycles and directed technical change
National Bureau of Economic Research, 2013Co-Authors: Garth Heutel, Carolyn FischerAbstract:Environmental economics has traditionally fallen in the domain of Microeconomics, but recently approaches from macroeconomics have been applied to studying environmental policy. We focus on two macroeconomic tools and their application to environmental economics. First, real business cycle models can incorporate pollution and pollution policy and be used to answer several questions. How can environmental policy adjust to business cycles? How do different types of policies fare in a context with business cycles? Second, endogenous technological growth is an important component of environmental policy. Several studies ask how policy can be designed to both tackle emissions directly and influence the adoption of clean technologies. We focus on these two aspects of environmental macroeconomics but emphasize that there are many other potential applications.
David Colander - One of the best experts on this subject based on the ideXlab platform.
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beyond dsge models toward an empirically based macroeconomics
Chapters, 2018Co-Authors: David Colander, Axel Leijonhufvud, Peter Howitt, Alan Kirman, Perry MehrlingAbstract:David Colander has been writing about economic methodology for over 30 years, but he goes out of his way to emphasize that he does not see himself as a methodologist. His pragmatic methodology is applicable to what economists are doing and attempts to answer questions that all economists face as they go about their work. The articles collected in this volume are divided, with the first part providing a framework underlying Colander’s methodology and introducing Colander’s methodology for economic policy within that framework. Part two presents Colander’s view on the methodology for Microeconomics, while part three looks at Colander’s methodology for macroeconomics. The book closes with discussions of broader issues.
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the death of neoclassical economics
Chapters, 2018Co-Authors: David ColanderAbstract:David Colander has been writing about economic methodology for over 30 years, but he goes out of his way to emphasize that he does not see himself as a methodologist. His pragmatic methodology is applicable to what economists are doing and attempts to answer questions that all economists face as they go about their work. The articles collected in this volume are divided, with the first part providing a framework underlying Colander’s methodology and introducing Colander’s methodology for economic policy within that framework. Part two presents Colander’s view on the methodology for Microeconomics, while part three looks at Colander’s methodology for macroeconomics. The book closes with discussions of broader issues.
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applied policy welfare economics and mill s half truths
Chapters, 2011Co-Authors: David ColanderAbstract:David Colander has been writing about economic methodology for over 30 years, but he goes out of his way to emphasize that he does not see himself as a methodologist. His pragmatic methodology is applicable to what economists are doing and attempts to answer questions that all economists face as they go about their work. The articles collected in this volume are divided, with the first part providing a framework underlying Colander’s methodology and introducing Colander’s methodology for economic policy within that framework. Part two presents Colander’s view on the methodology for Microeconomics, while part three looks at Colander’s methodology for macroeconomics. The book closes with discussions of broader issues.
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history of economic thought
1993Co-Authors: Harry Landreth, David ColanderAbstract:Note: Each chapter includes a Summary, Key Terms, Questions for Review and Discussion, and Suggested Readings. 1. Introduction The Central Focus of Modern Economic Thought Our Approach to the History of Economic Thought The Role of Heterodox Economists The Problems of Presenting Diversity Methodological Issues Benefits to Be Gained from the Study of the History of Economic Thought Appendix for Chapter 1 The Profession of Economics and Its Methodology The Spread of Economic Ideas The Evolution of Methodological Thought I. Preclassical Economics 2. Early Preclassical Economic Thought Important Writers Some Broad Generalizations Non-Western Economic Thought Greek Thought Arab-Islamic Thought Scholasticism 3. Mercantilism, Physiocracy, and Other Precursors of Classical Economic Thought Important Writers Mercantilism Influential Precursors of Classical Thought Physiocracy Spanish Economic Thought II. Classical Economic Thought, and Its Critics Important Writers 4. Adam Smith The Breadth of Adam Smith Smith's Analysis of Markets and Policy Conclusions The Nature and Causes of the Wealth of Nations International Trade Value Theory Distribution Theory Welfare and the General Level of Prices 5. Ricardo and Malthus David Ricardo--A Theorist's Theorist The Malthusian Population Doctrine Ricardo: Method, Policy, Scope Ricardo's Model Ricardo's Theory of Land Rent Ricardo's Value Theory Ricardian Distribution Theory Comparative Advantage Stability and Growth in a Capitalistic Economy 6. J.S. Mill and the Decline of Classical Economics Post-Ricardian Developments J.S. Mill: The Background of His Thought Millian Economics 7. Karl Marx and His Critique of Classical Economics An Overview of Marx Marx's Economic Theories Marx's Analysis of Capitalism III. Neoclassical Economic Thought and Its Critics 8. Jevons, Menger, and The Foundations of Marginal Analysis Important Writers Historical Links Jevons, Menger, and Walras Second-Generation Austrians 9. The Transition to Neoclassical Economics: Marginal Analysis Extended Important Writers Marginal Analysis Extended: The Second Generation Marginal Productivity Theory Profits and Interest 10. Alfred Marshall and Neoclassical Economics Marshall's Claim to Being the Father of Neoclassicism 11. Walras and General Equilibrium Theory Walras's General Equilibrium System Vilfredo Pareto 12. Institutional and Historical Critics of Neoclassical Economics Important Writers Methodological Controversy Thorstein Veblen Wesley Clair Mitchell John R. Commons John A. Hobson 13. Austrian Critique of Neoclassical Economics and the Debate about Socialism and Capitalism Important Writers Defining Capitalism and Socialism The Emergence of Capitalistic Thought The Evolution of Austrian Thought The Development of Socialist Economic Thought The Debate Concerning Economic Systems IV. Modern Economics and Its Critics The State of Modern Economics The Structure of Part Four 14. The Development of Modern Microeconomic Theory Important Writers The Movement Away from Marshallian Economics The Formalist Revolution in Microeconomics Milton Firedman and the Chicago Approach to Microeconomics Problems with Modern Applied Economics A Comparison of Neoclassical and Modern Microeconomics 15. The Development of Modern Macroeconomic Thought Important Writers Historical Forerunners of Modern Macroeconomics Keynesian Macroeconomics Modern Macroeconomics 16. The Development of Econometrics and Empirical Methods in Economics Important Writers Empirical Economics Neoclassical Economics and Empirical Analysis Macroeconomics and Empirical Analysis The Rise of Econometrics The Fall from Scientific Grace of Macroeconomics Bayesian Econometrics Experimental Economists 17. The Development of Modern Heterodox Economic Thought Important Writers Radicals Modern Institutionalists, Quasi-Institutionalists, and Neoinstitutionalists Quasi-Institutionalists Neoinstitutionalists Post-Keynesians Public Choice Advocates Austrian Economics Other Heterodox Economic Groups
Peter Skott - One of the best experts on this subject based on the ideXlab platform.
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pluralism the lucas critique and the integration of macroeconomics and Microeconomics
Review of Political Economy, 2014Co-Authors: Peter SkottAbstract:AbstractMainstream macroeconomics has pursued ‘micro founded’ models based on the explicit optimization by representative agents. The result has been a long and wasteful detour. But elements of the Lucas critique are relevant, also for heterodox economists. Challenging common heterodox views on Microeconomics and formalization, this paper argues that (i) economic models should not be based purely on empirically observed regularities, (ii) heterodox economists must be able to tell an integrated story about goal-oriented micro behavior in a specific macro environment, and (iii) relatively simple analytical models have an essential role to play.
