Growth and stagnation in a two-sector model: Kaldor's Mattiolo Lectures

Article Abstract:

Nicholas Kaldor's Mattioli Lectures show how his work on economic growth after 1996 had both strengths and weaknesses. The analysis of economic problems is insightful and provocative, but a formal model is needed for most people to assess the logical structure of some of the arguments. Kaldor's arguments are backed by a formalization based on his views, but this formalization shows that hidden assumptions exist in Kaldor's work. The Mattioli Lectures contain relevant and stimulating ideas, and should be read widely.

Kaldor, Nicholas

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Disclosure, valuation methods for derivatives may change

Article Abstract:

The Financial Accounting Standards Board and the Securities and Exchange Commission have issued proposals aimed at providing clarifications as to the reporting of a company's use of derivatives and its management of any consequent interest-rate risk. If accepted, the measures would substantially change the manner by which companies account for and report their derivatives operations. The proposals came in response to the high-profile losses that hit many investors during the 1990s.

Standards, Accounting and auditing, Derivatives (Financial instruments), United States. Securities and Exchange Commission, Financial Accounting Standards Board

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Tinbergen's work: change and continuity

Article Abstract:

A survey of Jan Tinbergen's writings on numerous economic phenomena was presented. Tinbergen's writings, which comprise over 900publications, cover areas such as economic dynamics and business cycles, modelsof economic policies, international economics and economic integration, economic development, income distribution and the prevailing economic order. These areas characterize major changes in Tinbergen's perceptions throughout his career.

Tinbergen, Jan

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