Within New Keynesian economics, the optimality of a monetary policy that aims at zero inflation is surprisingly robust. Optimal monetary policy has this character despite the inefficiency of the nonstochastic steady state ...

This paper studies different types of commitment policy in an economy where the deterministic steady state is inefficient. We show how a policy suggested by the approach of policy design entails positive long-run inflation, ...

The purpose of this paper is to explore the reasons why combining works, discuss the implications involved and propose guidelines for improving the field of forecasting by exploiting the reasons that contribute to the ...

Failure is a natural process, observed in both biological and organizational systems. In this article different types of failure are illustrated and the most common factors that contribute to failure described. Delaying ...

Accurate forecasts are essential for a great number of applications yet large errors and considerable uncertainty characterize most of our attempts for predicting the future. This article surveys empirical studies on ...

Purpose – The main scope of the paper is to demonstrate the capabilities of PYTHIA forecasting platform, to compare time series forecasting techniques, which were used to forecast mortgage loans in UK, and to show how ...

The forecasting techniques available have increased both in number and com-plexity, so now is the time for a book to help both OR workers and managers to choose the most appropriate technique. Spyros Makridakis and Steven ...

Known from its last editions as the "Bible of Forecasting", the third edition of this authoritative text has adopted a new approach-one that is as new as the latest trends in the field: "Explaining the past is not adequate ...

Products ranging from Fifth Generation computers and sophisticated robotics to inexpensive, superfast wireless communications and smart cars will become widespread by the 21st century. At the same time, now unimagined new ...

Statistical forecasting is based on the assumption of constancy, or structural ability in the data. This paper argues that such an assumption might not always be realistic in real life forecasting situations. Unfortunately, ...

Are the costs of time arid effort spent on analyzing decisions outweighed by benefits? This issue was examined in the context of a competitive business game where human teams were pitted against two kinds of simple-minded ...

A thorough and practical look at how to exploit the opportunities presented by the integration of Europe into a single market. Details how the the single market environment will affect key business functions, from overall ...

Written by true experts. Informative yet so much fun to read!" Nassim Nicholas Taleb- author of The Black Swan "Easy-to-digest and highly competent. If everyone were to read this book, the world would become a more enlightened ...

A number of accelerated vehicle-retirement programs have been implemented by private companies and public agents to reduce pollution and promote environment friendly technology. Our paper examines subsidy programs for the ...

Μελέτες που αφορούν την οικονομική ανάπτυξη θεωρούν ότι η θεσμική δομή της χώρας είναι ο κυριότερος παράγων της αναπτυξιακής δυναμικής. Τούτο σημαίνει ότι δημιουργείται ένα πλαίσιο μέσα στο οποίο η συμπεριφορά των οικονομικών ...

Στο παρόν κείμενο αναπτύσσεται ένας προβληματισμός σχετικά με την κινητικότητα του ατόμου προς την επιχειρηματική προσπάΘεια. Η κινητικότητα αυτής της έκφρασης της ανθρώπινης συμπεριφοράς προσεγγίζεται μέσα από τον μεθοδολ ...

Σ' οποιονδήποτε ζει ή ταξιδεύει στην Ελλάδα δίνεται σuχνά η ευκαιρία να διαπιστώσει με τα ίδια του τα μάτια τις διαφορές στο επίπεδο ζωής μεταξύ αστικών και αγροτικών περιοχών αφ' ενός και μεταξύ τη ς Αθήνας και όλης της ...

A crucial question to anyone engaged in analysing the inflationary process in a country, is how much has the Government contributed to the generation and maintenance of the high demand pressures. The creation of demand ...

This paper relates economic theorising and policy making in a context of people's changing behaviour, which makes economy to work in a different way. As economic theory is not adapting to these changes, it produces false ...

Στο κείμενο που ακολουθεί θα εντοπιστούν οι βασικές αρχές ενός συστήματος παρακολούθησης της αγοράς κατοικίας. Μέσω από αυτό θα μπορούν να γίνονται προβλέψεις και, αφού διαπιστώνονται οι μελλοντικές ελλείψεις, θα δίνονται ...