{"title":"Stochastic Trends and Fluctuations in National Income, Wages, and Profits","authors":"Faik Koray, T. Palivos, Thomas M. H. Lee","doi":"10.2307/1060934","DOIUrl":"https://doi.org/10.2307/1060934","url":null,"abstract":"Macroeconomics and especially the theory of business cycles went through very important changes during the last ten years. During the seventies most macroeconomists believed that economic activity evolved around a deterministic trend. Cyclical components and unanticipated changes in policy were believed to be the source of economic fluctuations. The real business cycle (RBC) models which began to emerge in the early eighties cast doubt on this belief. According to the RBC theory, the cumulative -effect of permanent shocks to productivity explains economic fluctuations. The proponents of the RBC theory assume that productivity shocks are exogenous and are not affected by aggregate demand shocks. Therefore, monetary shocks have no role in explaining economic fluctuations. In fact, according to the RBC theories, money responds positively to fluctuations in production induced by technological shocks. Therefore, the positive correlation between output and money is one of reverse causation. Critics of the RBC theories argue that productivity shocks cannot be treated strictly as exogenous. Evans [5] provides evidence that a significant portion of the variance of productivity impulse can be attributed to aggregate demand shocks. Another line of research by Christiano and Eichenbaum [4] shows that monetary-policy shocks have persistent liquidity effects as well as persistent increases in output. In this paper we investigate the role of monetary factors in explaining fluctuations in both","PeriodicalId":220699,"journal":{"name":"Computer Law & Security Report","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1996-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134382371","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Qualitate Qua: Aansprakelijkheid en de accountant.","authors":"L. V. Lent, R.C.W. Eken Ra","doi":"10.5117/MAB.70.15635","DOIUrl":"https://doi.org/10.5117/MAB.70.15635","url":null,"abstract":"","PeriodicalId":220699,"journal":{"name":"Computer Law & Security Report","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1996-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115896275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"About Facts, Fiction and Forces in Human Resource Management","authors":"P. Bolwijn, T. Kumpe","doi":"10.3233/HSM-1996-15303","DOIUrl":"https://doi.org/10.3233/HSM-1996-15303","url":null,"abstract":"When building competitive advantage the actions of successful firms influence and actually change market demands. This complex interaction between firms and markets leads to an evolutionary process, during which companies – by a process of organizational learning – pass through evolutionary phases of efficiency, quality, flexibility and innovativeness, in that order. Just as technology is the driving force in the evolution, customers are the deciding force and, last but not least, employees are the decisive force. Fundamental strategic changes, effecting structure as well as culture of organizations, and which have taken place at practically all major organizations, are characteristic of the evolutionary process. This paper shows that the disappointing results of many such strategic changes must be sought in insufficient involvement of, and insufficient changes in Human Resource Management. Also, the challenges posed to both top-management and HRM to remedy such failures are described.","PeriodicalId":220699,"journal":{"name":"Computer Law & Security Report","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123287722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}