infonet-economy

We describe a Bayesian inference scheme for quantifying the active physiology of neuronal ensembles using local field recordings of synaptic potentials. This entails the inversion of a generative neural mass model of
steady-state spectral activity. The inversion uses Expectation Maximization (EM) to furnish the posterior probability of key synaptic parameters and the marginal...

Preference reversals occur when different (but formally equivalent) elicitation methodsnreveal conflicting preferences over two alternatives. This paper shows that when people have fuzzy preferences i.e. when they choose in a probabilistic manner, their observed decisions can generate systematic preference reversals. A simple model of probabilistic choice and valuation can account...

The paper re-examines Sweden’s price level targeting during the 1930s which is regarded as a precursor of today’s inflation targeting. According to conventional wisdom the Riksbank was the first central bank to adopt price level targeting as the guideline for its activities, although in practice giving priority to exchange rate stabilisation over price level stabilisation. On the...

Die internationale Verflechtung der Finanzmärkte hat stark zugenommen. Viele kritisieren, dies habe die gegenwärtige Kreditkrise verschärft, wenn nicht gar ausgelöst, und fordern schärfere Regulierungen. Der Autor wendet sich gegen diese Kritik. Die Verteilung von Kreditrisiken über die Welt hinweg bringe Wohlfahrtsgewinne. Zudem würden globalisierte Finanzmärkte mithelfen, die...

The paper is concerned with the concept of leadership responsibility. Responsible leadership understood as normatively appropriate conduct in the pursuit of the organizational goals addresses the challenges of nowadays’ leaders in the light of global transformation processes. The paper argues that existing schools of the leadership phenomenon, herein paradigmatically grouped as “...

Les investissements directs étrangers (IDE) prennent une importance
grandissante avec la mondialisation. Ils constituent, en effet, un élément primordial de la stratégie d'internationalisation des entreprises, tandis que leur apport est essentiel pour la croissance économique, l'emploi, la balance des paiements et les transferts de technologie. Les IDE sont aussi...

http://www.manuel-ammann.com/pdf/MediaAmmann2008_IRZ_DieFairValueBewertu...