Atlantic Economic Journal articles from March 1991

Atlantic Economic Journal archives from March 1991

Inflationary dynamics and the Angell-Johnson proposals. (Federal Reserve Governor Wayne Angell and Federal Reserve Board Vice Chairman Manuel Johnson on domestic monetary policy)
March 1, 1991... I. Introduction During the 1980s, the United States economy has undergone enormous change. Among the more notable changes are the emergence of large federal budget and international trade deficits, high real interest rates, and a...

Optimal portfolio strategies and the demand for durable goods.
March 1, 1991... I. Introduction Very few of the existing models of optimal portfolio behavior are able to accommodate the fact that commodity inventories comprise a significant share of the average household's portfolio. Moreover, no effort has been...

An entry model of import penetration.
March 1, 1991... I. Introduction In an attempt to integrate the areas of industrial organization and international trade, Marvel [1980], Rhoades [1984], and Hilke and Nelson [1987] develop and test the determinants of import penetration across...

Blaug on Kuhn versus Lakatos and the marginalist revolution. (author's comment on Mark Blaug's adherence to I. Lakatos' economic theory against that of Bowie Kuhn's)
March 1, 1991... Mark Blaug attempted to replace the Kuhnian with the Lakatosian paradigm to explain the Marginalist Revolution [Blaug, 1976; Kuhn, 1967; Lakatos, 1978]. As this paper will show, however, Blaug's replacement of Kuhn with Lakatos fails to answer...

The welfare effects of disclosure under cognitive dissonance.
March 1, 1991... Introduction There has recently been interest in the economic implications of the psychological theory known as cognitive dissonance. There are three basic premises to this theory: (1) for the same information set, people are able to...