Technology-driven forecasts, the Phillips curve, and monetary policy-making

Article Abstract:

US monetary policy-making uses forecasts based on the shorter-run timespan of business cycles wherein the relationship between inflation rate and unemployment is negative and nonlinear. The forecasts, however, may be influenced by technology forecasts or long-term cycles with negative relationships. This can be avoided by adopting a model that considers both short- and long-term relationships and explains the effects of longer-run timespan on monetary policy-making.

Monetary policy

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Studying scenario planning: theory, research suggestions, and hypotheses

Article Abstract:

Scenario planning as an effective tool examines future uncertainties and investigates assumptions in organizations. The gaps that exist in the research and theory development of the scenario planning are addressed by using R. Dubin's eight-step building methodology.

Strategy & planning, Planning, Business enterprises, Plots (Drama, novel, etc.), Plots, Company business planning, Uncertainty

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Closure in risk debates: pre-assessment of Finnish forest biotechnology

Article Abstract:

Problems involved in pre-assessment of risk are studied in the backdrop of forest biotechnology of Finland. It'S implications on policymaking are also studied.

Finland, Risk assessment, Plant biotechnology

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