Not since the Great Depression have Wall Street and Main Street been so gripped in fear. The lives of those who lived through the Great Depression in the 1930s
were forever changed. Only two generations of almost unbroken prosperity since the 1960s…
Many problems in economics are naturally formulated as dynamic models, in
which control or policy variables are used to move a system over time from a less
desirable to a more desirable position. One example is short-run macroeconomic
problems.…
The collapse of the so-called ‘bubble economy’ in Japan in the first part of
the 1990s saw a sharp drop in the rate of annual GDP growth between 1991
and 1992 followed by several years of stagnation, several years of recovery,
and then a…
We would like to acknowledge the input of our colleagues Richard
Marshall of Investment Research of Cambridge and Rashpal Sohan
of Rathbones in producing this book. Richard Marshall not only found
many of the examples shown but also read through…
as we left the twentieth century and welcomed the beginning
of the twenty - fi rst, the world economy appeared to be in
greater shape than ever before. Things were probably going
well for you, too. You had an enjoyable job, working for a fi rst…
After a quick warm-up for dynamic general equilibrium models in the first part
of the course we will discuss the two workhorses of modern macroeconomics, the
neoclassical growth model with infinitely lived consumers and the…
We would like to express our appreciation for all who have provided helpful com-
ments and suggestions. The reviewers of the prior editions helped make it a success-
ful product. Many valuable comments from instructors and students have helped…
There’s a popular misconception that performance
appraisal starts and ends with the performance appraisal
meeting. That’s not so. In fact, the many benefits of
managing performance are lost when you focus solely on the
appraisal process, the…
Starting a new business venture is like going into a tropical forest
on a treasure hunt. There are rewards to be won, both in material
wealth and personal satisfaction, but there
are
dangers lurking
and
you can easily lose your way.
This book…
n the economically developed world, the majority of all jobs, often more than 75 per cent,
involve some form of service work (Bryson et al., 2004b). Furthermore, some 9 in 10 of
all new jobs are also in services, particularly in Europe, North…