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Under the IAS-IFRS standards, agricultural activity is accounted for using a fair value model. In 2014, the IASB amended the accounting treatment for bearer plants with the aim to address some concern...
Poverty and hunger reduction are intertwined challenges and enduring issues in the world, particularly in developing countries. Improvement in the efficiency in vegetable farming helps the farmers inc...
We ˉnd that risk sharing in the European Union (EU) has been increasing over the past decade due to increased cross-ownership of assets across countries. Industrial speciaization has also been increa...
We develop a framework to study the effects of policies of uncertain duration on consumption dynamics under both complete and incomplete markets. We focus on the dynamic implications of market incompl...
The neoclassical theory of project evaluation is based on models in which agents discount the future at a constant exponential rate. But there is strong empirical evidence say that people discoun...
A Summary of the Empirical and Analytical Results and the Implications for International Monetary Policy.
After nearly a quarter century of large budget deficitscausing the public debt to double from 20 percent to 42 percent as a share of GDP in the industrialized countriesthe need for greater fiscal ...
Implications of the Globalization of World Financial Markets: An Overview.
Jorgenson-Stiroh, and Martin Baily himself at the Council of Economic Advisers. The survey demonstrates clearly that the resurgence in productivity growth since 1996 was due, to a large extent, to ...
I am pleased and honored to be here to share my thoughts on the momentous event that occurred on October 6, 1979, and I thank Bill Poole, Bob Rasche, and Dan Thornton for being such gracious hosts...
The purpose of this note is to provide some background for a discussion of the monetary policy implications of globalization. By globalization I simply mean the increased mobility and interdependenc...
These remarks examine the implications of the global financial crisis for monetary policy. I speak mainly from the perspective of monetary policy in the United States where I have done most of my re...
Origins and Policy Implications of the Crisis.
We compare the empirical performance of a standard incomplete markets asset pricing model with that of a novel model with constrained Pareto-optimal allocations. We represent the models stochastic d...
The consumption and welfare implications of wage arrears in transition economies.

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