This chapter surveys laboratory experiments addressing macroeconomic phenomena. The first part focuses on experimental tests of the micro-foundations of macroeconomic models discussing laboratory studies of intertemporal consumption/savings decisions, time (in)consistency of preferences and rational expectations. Part two explores coordination problems of interest to macroeconomists and mechani...

Blanchflower and Oswald (1994) have argued that, in regional data, the level of unemployment is related to the fevel of wages. This result is at variance with an application of the original Phillips curve to regional data, which would predict that the change in wages ought to be related to the unemployment rate. On the other hand, there is considerable empirical support for the expectations-aug...

The paper studies the factors associated with the emergence of systemic banking crises in a sample of developed and developing countries in 1981-94 using a multivariate logit econometric model. The results show that a weak macroeconomic environment with low growth and high inflation makes crises more likely; high real interest rates have also contributed to banking sector fragility, and so does...

Africa is confronted by a heavy burden of communicable and non-communicable diseases. Cost-effective interventions that can prevent the disease burden exist but coverage is too low due to health systems weaknesses. This editorial reviews the challenges related to leadership and governance; health workforce; medical products, vaccines and technologies; information; financing; and services delive...

The objective of the paper is to examine applicability of Taylor type rule in current Indian economic environment. India has gradually slackened its control on several macroeconomic variables and allowed influence of market forces in many areas. In this scenario, we tried to examine an extended Taylor type equation involving interest rates, output gap, inflation gap, foreign exchanges rate, sto...

Growing interest worldwide to boost innovation in business sector activities, especially the technology, is intended to maintain or increase national economic competitiveness, inclusively as an effect of awareness concerning the effects resulting from economic activity on consumption of resources and environment, which requires design of new patterns of production and consumption. In this paper...

Uncertainty is inherent in every financial model. It is driven by changing fundamentals, human psychology, and the manner in which the markets discount potential future states of the macroeconomic environment. While defining uncertainty in financial markets can quickly escalate into philosophical discussions, volatility is widely accepted as a practical measure of risk. Most market variables re...

In this paper we survey the research undertaken at the Centre International de Recherche sur l’Environnement et le Développement (CIRED) on the combination of the IMACLIM-S macroeconomic model with “bottom-up” energy modeling, with a view to associate the strengths and circumvent the limitations of both approaches to energy-economy-environment (E3) prospective modeling. We start by presenting t...

Abstract The main aim of the paper is to determine relationship between profitability and financial liquidity a company using meta-analysis. This method based on synthesis many previous studies with application econometric tools. results study show that, taking into account 16 economies, it not possible identify common effect describing enterprises their measured by current ratio. individual em...