Moral Uncertainty

Moral Uncertainty

Author: William MacAskill

Publisher: Oxford University Press

Published: 2020

Total Pages: 237

ISBN-13: 0198722273

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About the bookToby Ord try to fill this gap. They argue that there are distinctive norms that govern how one ought to make decisions and defend an information-sensitive account of how to make such decisions. They do so by developing an analogy between moral uncertainty and social choice, noting that different moral views provide different amounts of information regarding our reasons for action, and arguing that the correct account of decision-making under moral uncertainty must be sensitive to that. Moral Uncertainty also tackles the problem of how to make intertheoretic comparisons, and addresses the implications of their view for metaethics and practical ethics. Very often we are uncertain about what we ought, morally, to do. We do not know how to weigh the interests of animals against humans, how strong our duties are to improve the lives of distant strangers, or how to think about the ethics of bringing new people into existence. But we still need to act. So how should we make decisions in the face of such uncertainty? Though economists and philosophers have extensively studied the issue of decision-making in the face of uncertainty about matters of fact, the question of decision-making given fundamental moral uncertainty has been neglected. In Moral Uncertainty, philosophers William MacAskill, Krister Bykvist, and Toby Ord try to fill this gap. They argue that there are distinctive norms that govern how one ought to make decisions and defend an information-sensitive account of how to make such decisions. They do so by developing an analogy between moral uncertainty and social choice, noting that different moral views provide different amounts of information regarding our reasons for action, and arguing that the correct account of decision-making under moral uncertainty must be sensitive to that. Moral Uncertainty also tackles the problem of how to make intertheoretic comparisons, and addresses the implications of their view for metaethics and practical ethics.


Policy Uncertainty in Japan

Policy Uncertainty in Japan

Author: Ms.Elif C Arbatli

Publisher: International Monetary Fund

Published: 2017-05-30

Total Pages: 48

ISBN-13: 1484302362

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We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.


A Comprehensive Macroeconomic Uncertainty Measure for the Euro Area and Its Implications to COVID-19

A Comprehensive Macroeconomic Uncertainty Measure for the Euro Area and Its Implications to COVID-19

Author: Mariarosaria Comunale

Publisher: International Monetary Fund

Published: 2023-11-03

Total Pages: 77

ISBN-13:

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This paper develops a new data-driven metric to capture MacroEconomic Uncertainty (MEU) in the euro area. The measure is constructed as the conditional volatility of the unforecastable components of a large set of time series, accounting for the monetary union as well as cross-country heterogeneity. MEU exhibits the largest spike at the time of the COVID-19 outbreak and is noticeably different from other more financial-oriented and policy-driven uncertainty measures. It also reveals a significant increase in inflation uncertainty in 2021-2022. Our BVAR-based analysis shows that an unexpected increase in the MEU has a negative and persistent impact on euro area's industrial production, accounting for 80 percent of its reduction during the first wave of COVID-19, therefore supporting the interpretation of COVID-19 shock as a macroeconomic uncertainty shock. Public debt increases in response to this uncertainty shock. Finally, an increase in MEU negatively affects Emerging Europe countries, contributing the most to the decline in their economic activity during this COVID-19 period.


International Macroeconomics

International Macroeconomics

Author: Robert C. Feenstra

Publisher: Macmillan

Published: 2011-03

Total Pages: 984

ISBN-13: 1429241039

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Combining classic international economics with straight-from-the- headlines immediacy, Feenstra and Taylor’s text seamlessly integrates the subject’s established core content with topic areas and ideas that have emerged from recent empirical studies. A MODERN APPROACH FOR THE 21ST CENTURY International economics texts traditionally place greater emphasis on theory and a strong focus on the advanced countries. Feenstra/Taylor links theory to empirical evidence throughout the book, and incorporates coverage of emerging markets and developing economies (India, China, SE Asia) to reflect the evolving realities of the global economy. The new edition has been extensively revised and updated, especially in light of the ongoing world financial crisis. NOTE: Feenstra/Taylor, International Economics, Second Edition, is available in four versions: International Economics, 2e: 1-4292-3118-1 International Trade, 2e: 1-4292-4104-7 International Macroeconomics, 2e: 1-4292-4103-9 Essentials of International Economics, 2e: 1-4292-7710-5


The Psychology of Covid-19: Building Resilience for Future Pandemics

The Psychology of Covid-19: Building Resilience for Future Pandemics

Author: Joel Vos

Publisher: SAGE

Published: 2021-01-13

Total Pages: 193

ISBN-13: 1529752086

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The Psychology of Covid-19 explores how the coronavirus is giving rise to a new order in our personal lives, societies and politics. Rooted in systematic research on Covid-19 and previous pandemics, including SARS, Ebola, HIV and the Spanish Flu, this book describes how Covid-19 has impacted a broad range of domains, including self-perception, lifestyle, politics, mental health, media, and meaning in life. Building on this, the book then sets out how we can improve our psychological and social resilience, to safeguard ourselves against the psychological effects of future pandemics.


Mathematical Epidemiology of Infectious Diseases

Mathematical Epidemiology of Infectious Diseases

Author: O. Diekmann

Publisher: John Wiley & Sons

Published: 2000-04-07

Total Pages: 324

ISBN-13: 9780471492412

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Mathematical Epidemiology of Infectious Diseases Model Building, Analysis and Interpretation O. Diekmann University of Utrecht, The Netherlands J. A. P. Heesterbeek Centre for Biometry Wageningen, The Netherlands The mathematical modelling of epidemics in populations is a vast and important area of study. It is about translating biological assumptions into mathematics, about mathematical analysis aided by interpretation and about obtaining insight into epidemic phenomena when translating mathematical results back into population biology. Model assumptions are formulated in terms of, usually stochastic, behaviour of individuals and then the resulting phenomena, at the population level, are unravelled. Conceptual clarity is attained, assumptions are stated clearly, hidden working hypotheses are attained and mechanistic links between different observables are exposed. Features: * Model construction, analysis and interpretation receive detailed attention * Uniquely covers both deterministic and stochastic viewpoints * Examples of applications given throughout * Extensive coverage of the latest research into the mathematical modelling of epidemics of infectious diseases * Provides a solid foundation of modelling skills The reader will learn to translate, model, analyse and interpret, with the help of the numerous exercises. In literally working through this text, the reader acquires modelling skills that are also valuable outside of epidemiology, certainly within population dynamics, but even beyond that. In addition, the reader receives training in mathematical argumentation. The text is aimed at applied mathematicians with an interest in population biology and epidemiology, at theoretical biologists and epidemiologists. Previous exposure to epidemic concepts is not required, as all background information is given. The book is primarily aimed at self-study and ideally suited for small discussion groups, or for use as a course text.


World Politics in the Age of Uncertainty

World Politics in the Age of Uncertainty

Author: Erman Akıllı

Publisher: Springer Nature

Published: 2023-12-06

Total Pages: 271

ISBN-13: 3031396111

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This is a comprehensive book series that comprises two distinct yet interconnected volumes. Volume I focuses on international relations and global politics, while Volume II delves into social sciences and humanities studies. Both volumes revolve around the central theme of the COVID-19 pandemic era, exploring its profound impact on various aspects of the world. In Volume I, scholars, and experts in the field of international relations delve into the intricate dynamics of global politics in the context of the pandemic. They analyse the shifting power dynamics, the role of international organisations, the challenges to global governance, and the geopolitical implications of the crisis. This book provides valuable insights into how the pandemic has shaped and transformed the international system, influencing state behaviour, diplomatic relations, and global cooperation. Volume II takes a multidisciplinary approach, examining the social, cultural, economic, and psychological dimensions of the COVID-19 pandemic. Experts from the fields of social sciences and humanities contribute their research and perspectives, offering critical analyses of the pandemic's effects on societies, communities, individuals, and various aspects of human life. Together, these two volumes provide a comprehensive exploration of the COVID-19 pandemic's impact on world politics, society, and human experiences. By bringing together scholars from different disciplines, the book series offers a holistic understanding of the challenges and opportunities presented by this unprecedented global crisis. It serves as a valuable resource for academics, policymakers, and anyone seeking to comprehend and navigate the complexities of the COVID-19 era.