WorldCat Identities

University of California, Berkeley Department of Economics

Overview
Works: 435 works in 488 publications in 1 language and 1,056 library holdings
Genres: History 
Classifications: HB1, 332.46
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Publications about University of California, Berkeley Publications about University of California, Berkeley
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Most widely held works by University of California, Berkeley
Subsidizing solar energy : the role of tax credits, loans, and warranties by S. M Berman ( Book )
1 edition published in 1978 in English and held by 52 WorldCat member libraries worldwide
It is generally agreed that solar energy is an appropriate technology. It is further agreed that its use ought to be subsidized by appropriate governmental action. There is not, however, a consensus as to just why solar energy is desirable, or what constitutes appropriate action. In this paper some arguments are considered for a subsidy and are related to a specific proposal. First, some of the arguments that have been advanced in favor of subsidizing solar energy are reviewed. Next, an additional argument, which seems to offer a strong rationale for a subsidy of a somewhat unconventional sort--a government-backed service warranty--is proposed. Then the argument for the warranty is presented, along with an argument for a subsidy to overcome high front-end costs. Finally, some estimates of the budget costs of a warranty program are presented
Working paper ( )
in English and held by 36 WorldCat member libraries worldwide
Finance and development in an emerging market : Argentina in the interwar period by Gerardo Della Paolera ( Book )
2 editions published in 1997 in English and held by 10 WorldCat member libraries worldwide
Nonlinear aspects of goods-market arbitrage and adjustment : Heckscher's commodity points revisited by Maurice Obstfeld ( Book )
3 editions published in 1997 in English and held by 10 WorldCat member libraries worldwide
We propose that analysis of purchasing power parity (PPP) and the law of one price (LOOP) should explicitly take into account the possibility of commodity points' thresholds delineating a region of no central tendency among relative prices, possibly due to lack of perfect arbitrage in the presence of transaction costs and uncertainty. More than eighty years ago, Heckscher stressed the importance of such incomplete arbitrage in the empirical application of PPP. We devise an econometric method to identify commodity points. Price adjustment is treated as a nonlinear process, and a threshold autoregression (TAR) offers a parsimonious specification within which both thresholds and adjustment speeds are estimated by maximum likelihood methods. Our model performs well using post-1980 data reasonable: adjustment outside the thresholds might imply half-lives of price deviations measured in months rather than years and the thresholds correspond to popular rough estimates as to the order of magnitude of actual transport costs. The estimated commodity points appear to be positively related to objective measures of market segmentation, notably nominal exchange rate volatility
ASEAN in a regional perspective by Jeffrey A Frankel ( Book )
2 editions published in 1996 in English and held by 10 WorldCat member libraries worldwide
International economic policy in the wake of the Asian crisis by Barry J Eichengreen ( Book )
2 editions published in 1998 in English and held by 8 WorldCat member libraries worldwide
Does MERCOSUR need a single currency? by Barry J Eichengreen ( Book )
2 editions published in 1998 in English and held by 8 WorldCat member libraries worldwide
The possibility of a single currency for the Mercosur countries was raised by Argentine President Menem in December 1997 and again at the regional summit this past June. This paper argues that whether Mercosur needs a common currency depends on what kind of integrated regional market its architects are creating. A customs union can be sustained despite the existence of separate national currencies that fluctuate against one another. But deeper integration extending beyond the border implies even more open domestic markets and more intense cross-border competition, making exchange-rate changes more disruptive. If South American policy makers intend to press ahead to deeper integration, then they like their European counterparts may have to contemplate monetary integration
Understanding devaluations in Latin America : a "bad fundamentals" approach by Maria Soledad Martinez Peria ( Book )
2 editions published in 1997 in English and held by 8 WorldCat member libraries worldwide
Exchange rate stability and financial stability by Barry J Eichengreen ( Book )
2 editions published in 1997 in English and held by 8 WorldCat member libraries worldwide
Regional nonadjustment and fiscal policy : lessons for EMU by Maurice Obstfeld ( Book )
2 editions published in 1998 in English and held by 8 WorldCat member libraries worldwide
How will countries handle idiosyncratic national macroeconomic shocks under the European single currency? The ways in which European countries now react to internally asymmetric shocks provide a better forecast than do the regional response pattern of the United States. In this paper we compare the US with Germany, Italy, the United Kingdom, and also with Canada, which is closer to European than the US is in its labor market and fiscal institutions. Europe's (and to some extent Canada's) model of regional response differs from that of the US. Changes in relative regional real exchange rates are general small. Outside of the US, however, there is more reliance on interregional transfer payments, less on labor migration, and the pace of regional adjustment appears slower. The regional adjustment patterns currently prevailing within European currency unions--characterized by limited labor mobility and price inflexibility--seem likely to prevail at the national level under the single currency. If EMU aims to attain the economic and social cohesion of its constituent nations, it therefore may be hard to resist the eventual extension of existing EU mechanisms of income redistribution--a transfer union. We propose an alternative strategy based on a relaxed stability pact, further strictures against central EU borrowing, labor market and fiscal reform, and the issuance by individual member states of debt indexed to nominal GDP
European monetary unification and international monetary cooperation by Barry J Eichengreen ( Book )
2 editions published in 1997 in English and held by 8 WorldCat member libraries worldwide
The Marshall Plan today by Barry J Eichengreen ( Book )
2 editions published in 1997 in English and held by 8 WorldCat member libraries worldwide
The global capital market : benefactor or menace? by Maurice Obstfeld ( Book )
2 editions published in 1998 in English and held by 8 WorldCat member libraries worldwide
This paper reviews the theoretical functions, history, and policy problems raised by the international capital market. The goal is to offer a perspective on both the considerable advantages the market offers and on the genuine hazards it poses, as well as on the avenues through which it constrains national policy choices. A duality of benefits and risks is inescapable in the real world of asymmetric information and imperfect contract enforcement. I argue, however, that in confronting the global capital market there is no reason to depart from conventional economic wisdom. The way to maximize net benefits is to encourage economic integration while attacking concomitant distortions and other unwanted side-effects at, or close to, their sources
Wealth inequality, wealth constraints and economic performance by Pranab K Bardhan ( Book )
2 editions published in 1998 in English and held by 8 WorldCat member libraries worldwide
Country funds and asymmetric information by Jeffrey A Frankel ( Book )
2 editions published in 1997 in English and held by 8 WorldCat member libraries worldwide
New directions for stochastic open economy models by Maurice Obstfeld ( Book )
2 editions published in 1999 in English and held by 7 WorldCat member libraries worldwide
The paper develops a simple stochastic new open economy macroeconomic model based on sticky nominal wages. Explicit solution of the wage-setting problem under uncertainty allows one to analyze the effects of the monetary regime on welfare, expected output, and the expected terms of trade. Despite the potential interplay between imperfections due to sticky wages and monopoly, the optimal monetary policy rule has a closed-form solution. To motivate our model, we show that observed correlations between terms of trade and exchange rates are more consistent with our traditional assumptions about nominal rigidities than with a popular alternative based on local-currency pricing
Saving, investment, and gold : a reassessment of historical current account data by Matthew T Jones ( Book )
2 editions published in 1997 in English and held by 7 WorldCat member libraries worldwide
This paper revises pre-World War II current account data for thirteen countries by treating gold flows on a consistent basis. The standard historical data sources often fail to distinguish between monetary gold exports, which are capital-account credits, and nonmonetary gold exports, which are current-account credits. The paper also adjusts historical investment data to account for changes in inventories. The revised data are used to construct estimates of saving and investment over the period from 1850 to 1945. Our methodology for removing monetary gold flows from the current account leads naturally to a gold-standard version of the Feldstein-Horioka hypothesis on capital mobility. The regression results are in broad agreement with those of Eichengreen, who found a significantly positive cross-sectional correlation between saving and investment even during some periods when the gold standard prevailed. Despite reaching broadly similar conclusions, we estimate correlations between saving and investment that are somewhat lower and less significant than those Eichengreen found. In particular, we find that in comparison to other interwar subsamples, the saving-investment correlation is markedly low during the fleeting years of a revived world gold standard, 1925-1930
The obstacles to macroeconomic policy coordination in the 1990s and an analysis of international nominal targeting (INT) by Jeffrey A Frankel ( Book )
2 editions published in 1991 in English and held by 7 WorldCat member libraries worldwide
The six major puzzles in international macroeconomics : is there a common cause? by Maurice Obstfeld ( Book )
2 editions published in 2000 in English and held by 6 WorldCat member libraries worldwide
"We also address a variety of international pricing puzzles, including the purchasing power parity puzzle emphasized by Rogoff, and what we term "the exchange rate disconnect puzzle." The latter category of riddles includes both the Meese-Rogoff exchange rate forecasting puzzle and the Baxter-Stockman neutrality of exchange rate regime puzzle. Here, although many elements need to be added to our extremely simple model, trade costs still play an essential role." -- Authors
Market value and patent citations : a first look by Bronwyn H Hall ( Book )
2 editions published between 2000 and 2001 in English and held by 6 WorldCat member libraries worldwide
As patent data become more available in machine-readable form, an increasing number of researchers have begun to use measures based on patents and their citations as indicators of technological output and information flow. This paper explores the economic meaning of these citation-based patent measures using the financial market valuation of the firms that own the patents. Using a new and comprehensive dataset containing over 4800 U.S. Manufacturing firms and their patenting activity for the past 30 years, we explore the contributions of R & D spending, patents, and citation-weighted patents to measures of Tobin's Q for the firms. We find that citation-weighted patent stocks are more highly correlated with market value than patent stocks themselves and that this fact is due mainly to the high valuation placed on firms that hold very highly cited patents
 
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Alternative Names

controlled identity University of California, Berkeley

California. University. Dept. of Economics.
University of California, Berkeley. Dept. of Economics
Languages
English (63)