Automation and Its Macroeconomic Consequences

Automation and Its Macroeconomic Consequences
Author: Klaus Prettner,David E. Bloom
Publsiher: Academic Press
Total Pages: 248
Release: 2020-06-19
ISBN 10: 0128180293
ISBN 13: 9780128180297
Language: EN, FR, DE, ES & NL

Automation and Its Macroeconomic Consequences Book Review:

Automation and Its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and social elements, it describes economic policies that could counteract negative income distribution consequences of automation without hampering the adoption of new technologies. Arguing that modern automation cannot be compared to the Industrial Revolution, it considers consequences of automation such as spatial patterns, urbanization, and regional concerns. In touching upon labor, growth, demographic, and policy, Automation and its Macroeconomic Consequences stands at the intersection of technology and economics, offering a comprehensive portrait illustrated by empirical observations and examples. Introduces formal growth models that include automation and the empirical specifications on which the data-driven results rely Focuses on formal modeling, empirical analysis and derivation of evidence-based policy conclusions Considers consequences of automation, such as spatial patterns, urbanization and regional concerns

Digitalization and the Future of Work

Digitalization and the Future of Work
Author: Melanie Arntz,Terry Gregory,Ulrich Zierahn
Publsiher: Unknown
Total Pages: 135
Release: 2019
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1158313505
Language: EN, FR, DE, ES & NL

Digitalization and the Future of Work Book Review:

Computing power continues to grow at an enormous rate. Simultaneously, more and better data is increasingly available and Machine Learning methods have seen significant breakthroughs in the recent past. All this pushes further the boundary of what machines can do. Nowadays increasingly complex tasks are automatable at a precision which seemed infeasible only few years ago. The examples range from voice and image recognition, playing Go, to self-driving vehicles. Machines are able to perform more and more manual and also cognitive tasks that previously only humans could do. As a result of these developments, some argue that large shares of jobs are "at risk of automation", spurring public fears of massive job-losses and technological unemployment. This chapter discusses how new digital technologies might affect the labor market in the near future. First, the chapter discusses estimates of automation potentials, showing that many estimates are severely upward biased because they ignore that workers in seemingly automatable occupations already take over hard-to-automate tasks. Secondly, it highlights that these numbers only refer to what theoretically could be automated and that this must not be equated with job-losses or employment effects - a mistake that is done often in the public debate. Thirdly, the chapter develops scenarios on how digitalization is likely to affect the German labor market in the next five years and derives implications for policy makers on how to shape the future of work. Germany is an interesting case to study, as it is a developed country at the technological frontier. In particular, the main challenge will not be the number, but the structure of jobs and the corresponding need for supply side adjustments to meet the shift in demand both within and between occupations and sectors.

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence
Author: Ajay Agrawal,Joshua Gans,Avi Goldfarb
Publsiher: University of Chicago Press
Total Pages: 642
Release: 2019-05-22
ISBN 10: 022661333X
ISBN 13: 9780226613338
Language: EN, FR, DE, ES & NL

The Economics of Artificial Intelligence Book Review:

Advances in artificial intelligence (AI) highlight the potential of this technology to affect productivity, growth, inequality, market power, innovation, and employment. This volume seeks to set the agenda for economic research on the impact of AI. It covers four broad themes: AI as a general purpose technology; the relationships between AI, growth, jobs, and inequality; regulatory responses to changes brought on by AI; and the effects of AI on the way economic research is conducted. It explores the economic influence of machine learning, the branch of computational statistics that has driven much of the recent excitement around AI, as well as the economic impact of robotics and automation and the potential economic consequences of a still-hypothetical artificial general intelligence. The volume provides frameworks for understanding the economic impact of AI and identifies a number of open research questions. Contributors: Daron Acemoglu, Massachusetts Institute of Technology Philippe Aghion, Collège de France Ajay Agrawal, University of Toronto Susan Athey, Stanford University James Bessen, Boston University School of Law Erik Brynjolfsson, MIT Sloan School of Management Colin F. Camerer, California Institute of Technology Judith Chevalier, Yale School of Management Iain M. Cockburn, Boston University Tyler Cowen, George Mason University Jason Furman, Harvard Kennedy School Patrick Francois, University of British Columbia Alberto Galasso, University of Toronto Joshua Gans, University of Toronto Avi Goldfarb, University of Toronto Austan Goolsbee, University of Chicago Booth School of Business Rebecca Henderson, Harvard Business School Ginger Zhe Jin, University of Maryland Benjamin F. Jones, Northwestern University Charles I. Jones, Stanford University Daniel Kahneman, Princeton University Anton Korinek, Johns Hopkins University Mara Lederman, University of Toronto Hong Luo, Harvard Business School John McHale, National University of Ireland Paul R. Milgrom, Stanford University Matthew Mitchell, University of Toronto Alexander Oettl, Georgia Institute of Technology Andrea Prat, Columbia Business School Manav Raj, New York University Pascual Restrepo, Boston University Daniel Rock, MIT Sloan School of Management Jeffrey D. Sachs, Columbia University Robert Seamans, New York University Scott Stern, MIT Sloan School of Management Betsey Stevenson, University of Michigan Joseph E. Stiglitz. Columbia University Chad Syverson, University of Chicago Booth School of Business Matt Taddy, University of Chicago Booth School of Business Steven Tadelis, University of California, Berkeley Manuel Trajtenberg, Tel Aviv University Daniel Trefler, University of Toronto Catherine Tucker, MIT Sloan School of Management Hal Varian, University of California, Berkeley

Macroeconomic Consequences of Tariffs

Macroeconomic Consequences of Tariffs
Author: Davide Furceri,Swarnali Ahmed Hannan,Mr.Jonathan David Ostry,Mr.Andrew K. Rose
Publsiher: International Monetary Fund
Total Pages: 57
Release: 2019-01-15
ISBN 10: 1484390067
ISBN 13: 9781484390061
Language: EN, FR, DE, ES & NL

Macroeconomic Consequences of Tariffs Book Review:

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result in more unemployment, higher inequality, and real exchange rate appreciation, but only small effects on the trade balance. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we complement our analysis with industry-level data.

Technological Systems and Economic Performance The Case of Factory Automation

Technological Systems and Economic Performance  The Case of Factory Automation
Author: B. Carlsson
Publsiher: Springer Science & Business Media
Total Pages: 495
Release: 1995-07-31
ISBN 10: 9780792335122
ISBN 13: 0792335120
Language: EN, FR, DE, ES & NL

Technological Systems and Economic Performance The Case of Factory Automation Book Review:

In 1987 the Swedish National Board for Technical Development (STU, later becoming the Swedish National Board for Industrial and Technical Development, NUTEK) initiated a study of Sweden's Technological Systems and Future Development Potential. A comprehensive, interdisciplinary study was envisioned, yielding not only useful insight but also a permanent competence base for future analyses of technological systems and technology policy in Sweden. Three leading Swedish research institutes were invited to participate: the Industrial Institute for Economic and Social Research in Stockholm, the Department ofIndustrial Management and Economics at Chalmers University of Technology in Gothenburg, and the Research Policy Institute at the University of Lund. I was invited to direct the project. The project group decided to focus initially on a particular technological system, namely factory automation, to be followed by similar studies of other systems. Numerous publications have resulted from the project thus far. The current volume represents a summary of our work on factory automation. It consists of several original essays and of some previously published papers which have been edited, in some cases substantially, in order to form a comprehensive and coherent picture of a technological system. To our knowledge, this is the first in-depth analysis of a technological system designed as a component of a systematic study of technological systems more generally. At the time of this writing, three further studies on electronics and computers, pharmaceuticals, and powder technology are under way, to be published in a later volume.

Energy and Organization

Energy and Organization
Author: Bernard C. Beaudreau
Publsiher: Greenwood Publishing Group
Total Pages: 189
Release: 1998
ISBN 10: 9780313305801
ISBN 13: 0313305803
Language: EN, FR, DE, ES & NL

Energy and Organization Book Review:

The author incorporates energy into the corpus of economic analysis and develops a new empirical model of production.

World Economic Outlook April 2019

World Economic Outlook  April 2019
Author: International Monetary Fund. Research Dept.
Publsiher: International Monetary Fund
Total Pages: 216
Release: 2019-04-09
ISBN 10: 1498306101
ISBN 13: 9781498306102
Language: EN, FR, DE, ES & NL

World Economic Outlook April 2019 Book Review:

After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. China’s growth declined following a combination of needed regulatory tightening to rein in shadow banking and an increase in trade tensions with the United States. The euro area economy lost more momentum than expected as consumer and business confidence weakened and car production in Germany was disrupted by the introduction of new emission standards; investment dropped in Italy as sovereign spreads widened; and external demand, especially from emerging Asia, softened. Elsewhere, natural disasters hurt activity in Japan. Trade tensions increasingly took a toll on business confidence and, so, financial market sentiment worsened, with financial conditions tightening for vulnerable emerging markets in the spring of 2018 and then in advanced economies later in the year, weighing on global demand. Conditions have eased in 2019 as the US Federal Reserve signaled a more accommodative monetary policy stance and markets became more optimistic about a US–China trade deal, but they remain slightly more restrictive than in the fall.

Implementing a US Carbon Tax

Implementing a US Carbon Tax
Author: Ian Parry,Adele Morris,Roberton C. Williams III
Publsiher: Routledge
Total Pages: 264
Release: 2015-02-11
ISBN 10: 1317602080
ISBN 13: 9781317602088
Language: EN, FR, DE, ES & NL

Implementing a US Carbon Tax Book Review:

Although the future extent and effects of global climate change remain uncertain, the expected damages are not zero, and risks of serious environmental and macroeconomic consequences rise with increasing atmospheric greenhouse gas concentrations. Despite the uncertainties, reducing emissions now makes sense, and a carbon tax is the simplest, most effective, and least costly way to do this. At the same time, a carbon tax would provide substantial new revenues which may be badly needed, given historically high debt-to-GDP levels, pressures on social security and medical budgets, and calls to reform taxes on personal and corporate income. This book is about the practicalities of introducing a carbon tax, set against the broader fiscal context. It consists of thirteen chapters, written by leading experts, covering the full range of issues policymakers would need to understand, such as the revenue potential of a carbon tax, how the tax can be administered, the advantages of carbon taxes over other mitigation instruments and the environmental and macroeconomic impacts of the tax. A carbon tax can work in the United States. This volume shows how, by laying out sound design principles, opportunities for broader policy reforms, and feasible solutions to specific implementation challenges.

Encyclopedia of E Business Development and Management in the Global Economy

Encyclopedia of E Business Development and Management in the Global Economy
Author: Lee, In
Publsiher: IGI Global
Total Pages: 1458
Release: 2010-02-28
ISBN 10: 1615206124
ISBN 13: 9781615206124
Language: EN, FR, DE, ES & NL

Encyclopedia of E Business Development and Management in the Global Economy Book Review:

"This research book is a repository for academicians, researchers, and industry practitioners to share and exchange their research ideas, theories, and practical experiences, discuss challenges and opportunities, and present tools and techniques in all aspects of e-business development and management in the digital economy"--Provided by publisher.

Automation and the Future of Work

Automation and the Future of Work
Author: Aaron Benanav
Publsiher: Verso Books
Total Pages: 144
Release: 2020-11-03
ISBN 10: 1839761318
ISBN 13: 9781839761317
Language: EN, FR, DE, ES & NL

Automation and the Future of Work Book Review:

A consensus-shattering account of automation technologies and their effect on workplaces and the labor market Silicon Valley titans, politicians, techno-futurists and social critics have united in arguing that we are living on the cusp of an era of rapid technological automation, heralding the end of work as we know it. But does the much-discussed “rise of the robots” really explain the jobs crisis that awaits us on the other side of the coronavirus? In Automation and the Future of Work, Aaron Benanav uncovers the structural economic trends that will shape our working lives far into the future. What social movements, he asks, are required to propel us into post-scarcity, if technological innovation alone can’t deliver it? In response to calls for a universal basic income that would maintain a growing army of redundant workers, he offers a counter-proposal.

The Macroeconomics of HIV AIDS

The Macroeconomics of HIV AIDS
Author: International Monetary Fund
Publsiher: International Monetary Fund
Total Pages: 344
Release: 2004-11-19
ISBN 10: 9781589063600
ISBN 13: 1589063600
Language: EN, FR, DE, ES & NL

The Macroeconomics of HIV AIDS Book Review:

This paper analyzes the macroeconomics of HIV/AIDS. The paper highlights that the mortality and morbidity associated with AIDS make it unlike most other types of sickness and disease. The paper describes the most common approaches used in accounting for growth in the context of an HIV/AIDS epidemic. The impact of HIV/AIDS on education and the accumulation of human capital is discussed. The paper also discusses the impact of HIV/AIDS on the public sector, and elaborates certain demographic events specific to the HIV/AIDS pandemic.

Migration and Remittances in Moldova

Migration and Remittances in Moldova
Author: Mr.Milan Cuc,Mr.Erik J. Lundback,Mr.Edgardo Ruggiero
Publsiher: International Monetary Fund
Total Pages: 79
Release: 2006-01-19
ISBN 10: 1589064909
ISBN 13: 9781589064904
Language: EN, FR, DE, ES & NL

Migration and Remittances in Moldova Book Review:

Labor migration and remittances, which have increasingly become a part of the global landscape, have profound economic and social consequences. Moldova, a small low-income country where an estimated one-third of the economically active population has been working abroad, is an interesting illustration of this trend. Drawing on household survey data, this Special Issues paper explains why Moldovan workers go abroad and how their remittances are used. With this background, it provides insights into policy challenges of coping with, and maximizing benefits from, international labor mobility and the large inflows of remittances.

Decision Economics Complexity of Decisions and Decisions for Complexity

Decision Economics  Complexity of Decisions and Decisions for Complexity
Author: Edgardo Bucciarelli,Shu-Heng Chen,Juan Manuel Corchado
Publsiher: Springer Nature
Total Pages: 315
Release: 2020-02-07
ISBN 10: 3030382273
ISBN 13: 9783030382278
Language: EN, FR, DE, ES & NL

Decision Economics Complexity of Decisions and Decisions for Complexity Book Review:

This book is based on the International Conference on Decision Economics (DECON 2019). Highlighting the fact that important decision-making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, psychology, small and international business, management, operations, and production, the book focuses on analytics as an emerging synthesis of sophisticated methodology and large data systems used to guide economic decision-making in an increasingly complex business environment. DECON 2019 was organised by the University of Chieti-Pescara (Italy), the National Chengchi University of Taipei (Taiwan), and the University of Salamanca (Spain), and was held at the Escuela politécnica Superior de Ávila, Spain, from 26th to 28th June, 2019. Sponsored by IEEE Systems Man and Cybernetics Society, Spain Section Chapter, and IEEE Spain Section (Technical Co-Sponsor), IBM, Indra, Viewnext, Global Exchange, AEPIA-and-APPIA, with the funding supporting of the Junta de Castilla y León, Spain (ID: SA267P18-Project co-financed with FEDER funds)

Money and Payments in Theory and Practice

Money and Payments in Theory and Practice
Author: Sergio Rossi
Publsiher: Routledge
Total Pages: 208
Release: 2007-03-06
ISBN 10: 1134190794
ISBN 13: 9781134190799
Language: EN, FR, DE, ES & NL

Money and Payments in Theory and Practice Book Review:

International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation. Departing from conventionally held beliefs, Sergio Rossi sets off from a positive analysis of the logical origin of money, which is the essential principle of double-entry book-keeping through which banks record all debts and credits for further reference and settlement and provides theoretical and empirical advances in explaining money endogeneity for the investigation of contemporary domestic and international monetary issues. Showing that both money and banking have profound implications for real economic activities, this innovative work is essential reading, not only for scholars in monetary economics, but also for professionals concerned with monetary policy and payments system issues.

The Economic Singularity

The Economic Singularity
Author: Calum Chace
Publsiher: Three CS
Total Pages: 322
Release: 2016-07-18
ISBN 10: 9780993211645
ISBN 13: 099321164X
Language: EN, FR, DE, ES & NL

The Economic Singularity Book Review:

"Read The Economic Singularity if you want to think intelligently about the future." Aubrey de Grey Artificial intelligence (AI) is overtaking our human ability to absorb and process information. Robots are becoming increasingly dextrous, flexible, and safe to be around (except the military ones). It is our most powerful technology, and you need to understand it. This new book from best-selling AI writer Calum Chace argues that within a few decades, most humans will not be able to work for money. Self-driving cars will probably be the canary in the coal mine, providing a wake-up call for everyone who isn't yet paying attention. All jobs will be affected, from fast food McJobs to lawyers and journalists. This is the single most important development facing humanity in the first half of the 21st century. The fashionable belief that Universal Basic Income is the solution is only partly correct. We are probably going to need an entirely new economic system, and we better start planning soon - for the Economic Singularity! The outcome can be very good - a world in which machines do all the boring jobs and humans do pretty much what they please. But there are major risks, which we can only avoid by being alert to the possible futures and planning how to avoid the negative ones."

Programmed Inequality

Programmed Inequality
Author: Marie Hicks
Publsiher: History of Computing
Total Pages: 342
Release: 2018
ISBN 10: 0262535181
ISBN 13: 9780262535182
Language: EN, FR, DE, ES & NL

Programmed Inequality Book Review:

In 1944, Britain led the world in electronic computing. By 1974, the British computer industry was all but extinct. Marie Hicks's Programmed inequality explores the story of labor feminization and gendered technocracy that undercut British efforts to computerize. Women were a hidden engine of growth in high technology from World War II to the 1960s. As computing experienced a gender flip, becoming male-identified in the 1960s and 1970s, labor problems grew into structural ones, and gender discrimination caused the nation's largest computer user - the civil service and sprawling public sector -- to make decisions that were disastrous for the British computer industry and the nation as a whole. Programmed inequality shows how the disappearance of women from the field has grave macroeconomic consequences for Britain, and why the United States risks repeating those errors in the twenty-first century.

Managing Financial Crises

Managing Financial Crises
Author: Mr.Charles Collyns,Mr.G. Russell Kincaid
Publsiher: International Monetary Fund
Total Pages: 128
Release: 2003-04-10
ISBN 10: 1589062086
ISBN 13: 9781589062085
Language: EN, FR, DE, ES & NL

Managing Financial Crises Book Review:

This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined.

German Unification

German Unification
Author: International Monetary Fund
Publsiher: International Monetary Fund
Total Pages: 192
Release: 1990-12-04
ISBN 10: 9781557752000
ISBN 13: 1557752001
Language: EN, FR, DE, ES & NL

German Unification Book Review:

This paper discusses comparison of economic and social indicators in the year 1988 between Federal Republic of Germany (FRG) and German Democratic Republic (GDR). The budgetary costs of unification will be substantially larger than initially envisaged. Moreover, if one adds to the budget the increases in government debt related to equalization paper, a portion of the old enterprise debt on the books of the banks. The Trust Fund has been assigned a task or enormous scope and complexity: the privatization, restructuring, and in some cases, liquidation of 8000 enterprises with 4 million employees. Even taking care of the short-run financial problems of these enterprises has proved daunting; the more fundamental task will be near impossible to achieve with any rapidity. It is clearly essential to the success of economic integration that capital allow east rather than labor flowing west and that income growth and new opportunities arc enough to meet reasonable aspirations on the pan of the residents of East Germany.

Modern Macroeconomics

Modern Macroeconomics
Author: Brian Snowdon,Howard R. Vane
Publsiher: Edward Elgar Publishing
Total Pages: 807
Release: 2005-01-01
ISBN 10: 1845424670
ISBN 13: 9781845424671
Language: EN, FR, DE, ES & NL

Modern Macroeconomics Book Review:

Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare, and evaluate the evolution of the major rival stories comprising contemporary macroeconomic thought, but they also trace the development and interaction of key events and ideas as they occurred in the last century. Interviews with leading economists, one or two at the end of each chapter, also greatly help to shed light on this complexity. . . In sum, this is book which is very difficult to put down. Alessio Moneta, Journal of the History of Economic Thought It is not difficult to understand why this volume commands high praise from macroeconomic theorists, practitioners and teachers. It contains many interesting features that make it an excellent companion for both students and teachers of tertiary level macroeconomics. . . The authors present the material in a way that conveys to readers that macroeconomics is a living science , continually developing and still open to debate, controversy and competing policy prescriptions. In this respect it is a book that ought to be required reading for all teachers of the subject. It is also a valuable source of background reading for professional economists involved with economic policy making. Economic Outlook and Business Review . . . a wonderful history of macroeconomic thought from Keynes to the present, with an outstanding bibliography. It should be useful to undergraduates and graduate students as well as professional economists. Highly recommended. Steven Pressman, Choice Brian Snowdon and Howard Vane are well-known for their astute understanding of the main macroeconomic schools of thought and their skilled use of interviews with major figures. Here, they deploy a depth of scholarship in explaining the different schools and their key points of departure from one another. This book will be particularly useful to students looking for a clear, non-technical explanation of the main approaches to macroeconomics. Patrick Minford, Cardiff University, UK There are two steps to learning macroeconomics. First, to see it as it is today. Second, to understand how it got there: to understand the right and the wrong turns, the hypotheses that proved false, the insights that proved true, and the interaction of events and ideas. Only then, does one truly understand macroeconomics. This book is about step two. It does a marvellous job of it. The presentation is transparent, the interviews fascinating. You will enjoy, and you will learn. Olivier Blanchard, Massachusetts Institute of Technology, US In 40 years of teaching macroeconomics, there has been just one textbook that I have assigned year after year after year, namely, A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk. That altogether admirable book made clear to students what were, and are, the main intellectual issues in macroeconomics and did so with just enough formal modeling to avoid distortion by over-simplification. That book is now ten years old and the debate in macro has moved on. So there is good reason to welcome Snowdon and Vane back with this superb updated version. Axel Leijonhufvud, University of Trento, Italy This outstanding book avoids the narrow scope of most textbooks and provides an excellent guide to an unusually broad range of ideas. Thomas Mayer, University of California, Davis, US More than a decade after the publication of the critically acclaimed A Modern Guide to Macroeconomics, Brian Snowdon and Howard Vane have produced a worthy successor in the form of Modern Macroeconomics. Thoroughly extended, revised and updated, it will become the indispensable text for students and teachers of macroeconomics in the new millennium. The authors skilfully trace the origins, development and current state of modern macroeconomics from an historical perspective. They do so by thoroughly appraising the central tenets underlying the main competing schools of macroeconomic thought as well as their diverse policy imp

Robotics and the Factory of the Future

Robotics and the Factory of the Future
Author: Anonim
Publsiher: University of Michigan Inst of Science &
Total Pages: 85
Release: 1983
ISBN 10: 1928374650XXX
ISBN 13: STANFORD:36105030608835
Language: EN, FR, DE, ES & NL

Robotics and the Factory of the Future Book Review: