File:Zasada. No higher resolution available. Zasada. Source, Zasady polityki gospodarczej, Nicola Acocella, Wyd. PWN. Course title: Economic Policy, Name in Polish: Polityka gospodarcza N. Acocella, Zasady polityki gospodarczej, Wydawnictwo Naukowe PWN, Warszawa. Acocella N., , The Foundations of Economic Policy. Cambridge (polskie wydanie: N. Acocella, Zasady polityki gospodarczej, PWN, Warszawa ).

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The characteristic feature of all the quoted cases is the integration of two aspects: The H-inf Control Problem. Monetary Policy Evaluation with Noisy Information.

Therefore, different ways to deal with the model uncertainty are presented: The author draws from academic research, opinions of practitioners and decision-makers, as well as unofficial information from analysts of central banks.

Economic Policy

Skip to main menu Skip to submenu Skip to content. Board of Governors FED wznowienie opracowania przygotowanego w r. A Comment, acoceola Vol. Methodology for Behavioral Science, w: In the first part of this article I present views of George Archibald, Pieter Hennipman and Yew-Kwang Ng,which treat welfare economics as a part of positive economics.

Misspecification in Recursive Macroeconomic Theory. It resulted in Mishan’s acceptation of the Hennipman’s view, that welfare economics is a part of the positive economics.

The classical model of economic policy is reviewed, where the components of the model of economy distortion, parameters, data are considered to be uncertain random and optimal decisions are taken in accordance with the principle of equivalence, Brainard’s principle of conservatism, etc.


It may be observed zasaady where theoreticians suggest refined, one-stage techniques referring to the pklityki model of economic policy, practitioners prefer multi-stage procedures based on intuition and expertise. Bank of Canada, “Technical Report”, How to Decide when Experts Disagree. Brooking Panel of Economic Activity, Princeton.

A Dictionary of Economics, t. During the classes students will discuss both generel issues in economic policy, including elements of history of economics, and macro- and microeconomic policies. You are not logged in log in. I end with the hypothesis that dispute, which I described, can be caused-among others-by the existing, since the time of John Neville Keynes and Max Weber, ambiguity of the terms “positive economics” and “normative economics”.

Ekonometria bayesowska w zastosowaniach. Board of Governors FED.

Welfaryzm – Wikipedia, wolna encyklopedia

Bank of England Assessment methods and assessment criteria:. The principle of robustness. Value Judgement or Analytical Tool, w: Thus a gap between the theory and practice is clearly visible.

After a couple of years the topic appeared back in the economic journals. In this group of cases, the robust control theory by Hansen and Sargent is described in more detail.

Essentials of Robust Control. London Business School Discussion Paper Concluding Comments, “De Economist” Vol.


In this article I describe dispute about whether welfare economics is normative economics, or the positive economics. The aim of this module is to make students familiar with theoretical and empirical aspects of state influence on economy and economic growth.

This course is not currently offered. The module constitutes a continuation of introduction to economics. Targeting Inflation under Uncertainty.

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Where uncertainty cannot be quantified by the probability distribution as, in Knight’s understanding, it is an uncertainty, not a risktechniques based on the minimax function of the goal are proposed.

San Jose, Costa Rica, sierpnia r. Course descriptions are protected by copyright. The first part of the text contains an overview of literature.

The introduction to the discussion was a debate between Ezra Mishan and Pieter Hennipman in Summary and some Extensions. The Inconsistency of Gospodarzej Plans. Robust Monetary Policy with Misspecified Models: Wanting Robustness in Macroeconomics. Inflation Targeting under Uncertainty. The second part presents methods applied in practice. A State Space Approach. On-line services of the University of Warsaw You are not logged in log in.