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During the so-called Great Moderation the variability of output, employment and inflation declined substantially in most of the major economies. Because of this positive co-movement the ultimate objective of monetary policy was clear. By stabilizing inflation output will also stay at its potential and the central bank does not face any trade-off between its targets – a situation known as the divine coincidence. With the onset of the financial crisis 2007 these relationships changed. This book contributes to the research on the optimal macroeconomic policy design in the presence of financial frictions. These are incorporated via the cost channel approach into a two-country currency union model. Ultimately, a supply-side effect arises which lowers the efficiency of monetary policy - divine coincidence is not possible any more. Three questions are in the focus of interest of this analysis: What is the optimal monetary policy in the presence of country-specific financial frictions? What role can fiscal policy play? Is macroprudential policy able to improve welfare if the central bank targets a financial stability measure?
Sophia Demas did not want to get married, have children, or write a book; the Universe, however, had other plans. In this penetrating memoir, Sophia examines the events in her life that at first seemed to be a series of coincidences, but upon further consideration were building blocks of the miraculous. The Divine Language of Coincidence chronicles the extraordinary events experienced by an ordinary woman, asserting that miracles are not only possible, but far more common than we may realize.
Mysterious angels who appear when you need them most, a dream that helped save a life, a voice from beyond the grave-these are just a few of the "coincidences" in the stories you are about to read. For some people, these are signs from a relative who has passed, connections to the "real world," showing that we are always loved. Joyce Kocinski has compiled a collection of stories that encourage you to notice the miracles around you that happen every day. The authors share their sometimes heartbreaking testimonies to inspire us and strengthen our faith. You may think of what path you are on in your life and how there are guiding hands to lead you along the way. You will be comforted and inspired by these stories including: -- A young mother who vows to trust God, quits her full-time job to stay home with her children and begins finding money in all kinds of unlikely places. -- A court-appointed children's advocate, inspired by a tragedy in her own life, who diagnoses a grave medical condition in a child and saves his life. -- A deaf woman awakened by an apparition of her mother who saves her baby's life. -- An ICU nurse contemplating suicide finds redemption through one of her patients. -- A woman rescued during a roll over car accident by an unseen angel.
This collection of essays offers an overview of the range and breadth of Platonic philosophy in the early modern period. It examines philosophers of Platonic tradition, such as Cusanus, Ficino, and Cudworth. The book also addresses the impact of Platonism on major philosophers of the period, especially Descartes, Leibniz, Locke, Shaftesbury and Berkeley.
Authors have many reasons for writing a book, but the reason for this one goes beyond explaining. All I can do is describe what happened and let others tell their story. Friend Dorothy and I were planning a holiday leisurely RVing through Mexico, when suddenly we were sidetracked by the Lord into something else - collecting material for this book. When God wants to get our attention it can happen softly, like a wink, but at other times it comes as a bolt from the blue hitting one over the head. I'm thick headed so God's usual mode of operation with me is a bolt, but this time it was just a gentle wink! Just days before we left home a friend phoned, suggesting we look up a small advertisement in the RV TIMES. Someone called Charley was looking for Christian RVers going into North Western Mexico. Why not email him? Wink! We did, and as people say, the rest is God-history. Looking back now I can see that God was up to something!
Ever wonder what the odds are of being struck by lightning? Or winning the lottery? Or meeting someone from Timbuktu with the same middle name as you? BEYOND COINCIDENCE recounts and analyzes over 200 amazing stories of synchronicity, the likes of: Laura Buxton, age ten, releases a balloon from her back yard. It lands 140 miles away in the backyard of another Laura Buxton, also age ten. Two sisters in Alabama decide, independently, to visit the other. En route, their identical jeeps collide and both sisters are killed. A British cavalry officer was fighting in the last year of World War One when he was knocked off his horse by a flash of lightning. He was paralyzed from the waist down. The man moved to Vancouver, Canada where, six years later, while fishing in a river, lightning struck him again, paralyzing his right side. Two years later, he was sufficiently recovered to take walks in a local park when, in 1930, lightning sought him out again, this time permanently paralyzing him. He died soon after. Four years later, lightning destroyed his tomb.
The book The Secret brought the Law of Attraction to a vast new audience. Beyond the Secret takes the concept a step further, explaining how to align with your own Spirit so you can use the very powerful Law of Attraction truthfully and securely--ensuring that what you wish for is actually good for your Self.
This book presents careful readings of six of the most important theoretical works of Nicholas of Cusa (1401-1463). Though Nicholas' writings have long been studied as either scholastic Aristotelian or proto-Kantian, Clyde Lee Miller locates Cusanus squarely in the Christian Neoplatonic tradition. He demonstrates how Nicholas worked out his own original synthesis of that tradition by fashioning a conjectural view of main categories of Christian thought: God, the universe, Jesus Christ, and human beings. Each of the readings reveals how Nicholas' project of "learned ignorance" is played out in striking metaphors for God and the relation of God to creation.
This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
The European Middle Ages bequeathed to the world a legacy of spiritual and intellectual brilliance that has shaped many of the ideals, preconceptions, and institutions we now take for granted. An Introduction to the Medieval Mystics of Europe examines this phenomenon in vivid and scholarly accounts of the lives and achievements of those men and women whose genius most inspired their own and subsequent ages. These great mystics explored and consciously realized the relationship between human life and unconditioned transcendence. Representing both the contemplative and scholastic traditions, the mystics in these studies often found their solutions to ultimate questions in radically different ways. Some of them, such as Eckhart, Aquinas, and Cusa, may already be familiar, and here the reader will benefit from a new approach and summary of extensive research. Others, such as Smaragdus and several of the women mystics, are little known even to specialists. Finally, and unusually for a study of European mysticism, the influence of Spanish Kabbalists is discussed in relation to the Zohar and two figures from the mystical school of Safed, Cordovero and Luria. Though the essays focus on individuals, the cultural and social implications of their lives and work are never ignored, for the mystic way did not exist separately from the rest of medieval life; it functioned as an integral part of the whole, influencing the development of Christian and Jewish religions in both their internal and external forms.