Does Drinking Bring a Wage Bonus?

does minimum wage cause inflation?

this paper reviews the relationship between inflation rate and minimum wage in iran’s economy over the 1969-2005. according to the economic literature, there is a narrow relationship between inflation rate and minimum wage. some economists believe in increased inflation due to minimum wage. the other group of economists considers the increased inflation as a cause for increasing minimum wage. t...

Does Wage Indexing Matter?

The Rogoff (1985) proposition that it is socially optimal to delegate monetary policy to a central banker that is more inflation averse than society has been widely accepted and implemented in practice. However, there is a literature that argues that if there is an inflation-averse monopoly union in the economy, it is optimal to delegate monetary policy to an “ultra-liberal” central banker, tha...

Does direct inhibition bring direct benefit?

n this issue of the Journal, Ozaki et al1 provide the first noteworthy evidence of the beneficial effect of the direct renin inhibitor (DRI), aliskiren, combined with reninangiotensin system (RAS) inhibitors in the myocardial recovery process of early acute myocardial infarction (AMI). It is well-known that RAS inhibitors protect against myocardial damage in patients with AMI, but the role of D...

Does Trading Remove or Bring Frictions?

What Does Consciousness Bring to CTS

Striving in the real world is more and more what artificial agents are required to do, and it is not a simple task. Interacting with humans in general, and with students in specific, requires dealing with a great number of information sources, and high volumes of data, in real-time, to adapt to the environment (and other agents). «Consciousness» mechanisms can help and sustain an apt artificial...