Structural reforms and macroeconomic performance in the euro area
... The recent financial crisis is likely to have produced persistent and large negative effects not only on the short-run economic activity but also on the long-run potential output of the industrialized countries. This has contributed to renew the interest in understanding the macroeconomic impact of ...
... The recent financial crisis is likely to have produced persistent and large negative effects not only on the short-run economic activity but also on the long-run potential output of the industrialized countries. This has contributed to renew the interest in understanding the macroeconomic impact of ...
Topic: Great Depression and New Deal (3.1) Score 3.0 The student
... Evaluate the multiple causes of the Great Depression including the relationship between United States’ government policy and the collapse of the economy Compare the policies of the Republican presidents of the 1920s with Roosevelt’s first hundred days Analyze the goals of New Deal programs and evalu ...
... Evaluate the multiple causes of the Great Depression including the relationship between United States’ government policy and the collapse of the economy Compare the policies of the Republican presidents of the 1920s with Roosevelt’s first hundred days Analyze the goals of New Deal programs and evalu ...
NBER WORKING PAPER SERIES GOVERNMENT PURCHASES OVER THE BUSINESS CYCLE:
... This literature has so far focussed mostly on long-run steady state analyses, and has also abstracted from economic or political heterogeneity. Recently, Battaglini and Coate (2008b) and Azzimonti et al. (2008), building on earlier work in Battaglini and Coate (2008a), have developed a general frame ...
... This literature has so far focussed mostly on long-run steady state analyses, and has also abstracted from economic or political heterogeneity. Recently, Battaglini and Coate (2008b) and Azzimonti et al. (2008), building on earlier work in Battaglini and Coate (2008a), have developed a general frame ...
Fiva-ngs05 762327 en
... incentives to behave strategically in the setting of tax rates and welfare benefits. Empirical analyses have provided strong support for this notion of strategic interaction (for a summary see Wilson (1999) on tax competition and Brueckner (2000) on welfare competition). The main concern in the theo ...
... incentives to behave strategically in the setting of tax rates and welfare benefits. Empirical analyses have provided strong support for this notion of strategic interaction (for a summary see Wilson (1999) on tax competition and Brueckner (2000) on welfare competition). The main concern in the theo ...
Milton Friedman`s economics and political - Hans-Böckler
... that we are now all Friedmanites.” Now, in the wake of the global financial crisis of 2008 and the ensuing Great Stagnation, events are chipping away at Friedman’s standing. That has created an intellectually schizophrenic moment when events increasingly speak to the correctness of old Keynesian eco ...
... that we are now all Friedmanites.” Now, in the wake of the global financial crisis of 2008 and the ensuing Great Stagnation, events are chipping away at Friedman’s standing. That has created an intellectually schizophrenic moment when events increasingly speak to the correctness of old Keynesian eco ...
The Role of Foreign Direct Investment in the Context of Economic
... widespread adoption of economic liberalization doctrine, whether taken up voluntarily or through World Bank-sanctioned structural adjustment programmes. These changing attitudes refer to the so called ‘New Economic Model’ (Reinhardt and Peres 2000), characterized by the adoption of outward looking e ...
... widespread adoption of economic liberalization doctrine, whether taken up voluntarily or through World Bank-sanctioned structural adjustment programmes. These changing attitudes refer to the so called ‘New Economic Model’ (Reinhardt and Peres 2000), characterized by the adoption of outward looking e ...
The!Price!of!Poli6cal!Uncertainty:!Theory! and!Evidence!from!the!Op6on!Market! BFI Working Paper Series
... whose lives span a political event. After deriving a closed-form expression for the price of such options, we calculate three option-market variables: the implied volatility of an atthe-money option, the slope of the function relating implied volatility to moneyness, and the variance risk premium. ...
... whose lives span a political event. After deriving a closed-form expression for the price of such options, we calculate three option-market variables: the implied volatility of an atthe-money option, the slope of the function relating implied volatility to moneyness, and the variance risk premium. ...
Macroeconomic Derivatives: An Initial Analysis of Market-based Macro Forecasts, Uncertainty, and Risk.
... future claims on only a small fraction of future income, and that active “macro markets” would allow for more effective risk allocation, allowing individuals to insure themselves against many macroeconomic risks. In October 2002, Goldman Sachs and Deutsche Bank set up the first markets tied directly ...
... future claims on only a small fraction of future income, and that active “macro markets” would allow for more effective risk allocation, allowing individuals to insure themselves against many macroeconomic risks. In October 2002, Goldman Sachs and Deutsche Bank set up the first markets tied directly ...
Long Run and Short Run Effects of Government Expenditures on
... The reforms in the Soviet/Socialist system started at the end of 1980s when dysfunctions of the centrally planned economy brought the system to the brink of collapse. Despite the fact that strategies of market reforms in the former Socialist bloc differ from country to country, they all have common ...
... The reforms in the Soviet/Socialist system started at the end of 1980s when dysfunctions of the centrally planned economy brought the system to the brink of collapse. Despite the fact that strategies of market reforms in the former Socialist bloc differ from country to country, they all have common ...
Social Conflict and the Effectiveness of Aggregate Demand
... methodology, and terminology, but, as I hope to show, there comes out from this work a remarkably coherent account of why macroeconomic imbalances were largely absent during the 1950s and 1960s (that is, the period that has come to be known as the “golden age” of capitalism),1 and why this ceased to ...
... methodology, and terminology, but, as I hope to show, there comes out from this work a remarkably coherent account of why macroeconomic imbalances were largely absent during the 1950s and 1960s (that is, the period that has come to be known as the “golden age” of capitalism),1 and why this ceased to ...
WELFARE AND NORDIC CRISIS - MANAGEMENT STRATEGIES
... such as the International Monetary Fund (IMF) and the General Agreement on Tariffs and Trade (GATT) to regulate monetary and trade relations among advanced economies (Eichengreen 2008; Ruggie 1982). The defining feature of the system was that it was predicated upon interventionism at the domestic le ...
... such as the International Monetary Fund (IMF) and the General Agreement on Tariffs and Trade (GATT) to regulate monetary and trade relations among advanced economies (Eichengreen 2008; Ruggie 1982). The defining feature of the system was that it was predicated upon interventionism at the domestic le ...
Do government private subsidies crowd out
... Recent empirical literature on entrepreneurship and institutions has established a negative correlation between total government spending and the initiation of startups. Reasons attributed for this relationship have ranged from the regulatory burden faced by firms to the presence of a large welfare ...
... Recent empirical literature on entrepreneurship and institutions has established a negative correlation between total government spending and the initiation of startups. Reasons attributed for this relationship have ranged from the regulatory burden faced by firms to the presence of a large welfare ...
The Economic Benefits of Public Infrastructure Spending in Canada
... The analysis consists of four scenarios and was conducted using the C4SE’s provincial economic modelling system, which is a multi-region, multi-sector, dynamic stochastic general equilibrium model of Canada and its provinces. The baseline scenario does not include any additional public infrastructur ...
... The analysis consists of four scenarios and was conducted using the C4SE’s provincial economic modelling system, which is a multi-region, multi-sector, dynamic stochastic general equilibrium model of Canada and its provinces. The baseline scenario does not include any additional public infrastructur ...
Reconstructing Political Economy: The great divide in
... transitional one of struggle for control over the future direction of society. Advocacy of competing claims brings out the creative talents of thinking individuals as they reconceptualize the world around them. In the Great Depression, John Maynard Keynes addressed the causes of unemployment by rein ...
... transitional one of struggle for control over the future direction of society. Advocacy of competing claims brings out the creative talents of thinking individuals as they reconceptualize the world around them. In the Great Depression, John Maynard Keynes addressed the causes of unemployment by rein ...
Botswana, Exceptionality - Economics, Politics
... ascertaining public opinion ... The discussions are characterized by considerable freedom of speech, and if the occasion seems to call for it, the chief or his advisers may even be severely criticized.” Although one might be inclined to argue that these features were common to all pre-colonial Afric ...
... ascertaining public opinion ... The discussions are characterized by considerable freedom of speech, and if the occasion seems to call for it, the chief or his advisers may even be severely criticized.” Although one might be inclined to argue that these features were common to all pre-colonial Afric ...
medo para poupar e medo de poupar - explicando trajetórias
... consumption behavior detected at the level of individual decision-making that do not disappear at the aggregate level of the market. More precisely, we focus on three anomalies of intertemporal choice in the Brazilian macroeconomic life: (a) increasing private savings in the highly inflationary econ ...
... consumption behavior detected at the level of individual decision-making that do not disappear at the aggregate level of the market. More precisely, we focus on three anomalies of intertemporal choice in the Brazilian macroeconomic life: (a) increasing private savings in the highly inflationary econ ...
NBER WORKING PAPER SERIES ARE FREE TRADE AGREEMENTS CONTAGIOUS? Richard Baldwin Dany Jaimovich
... A wide range of theory articles have studied the incentive to form or join FTAs. The first paper to consider endogenous customs union formation seems to be Riezman (1985). He works in a 3-nation Walrasian setting, assuming that international transfers are impossible but that nations’ can violate the ...
... A wide range of theory articles have studied the incentive to form or join FTAs. The first paper to consider endogenous customs union formation seems to be Riezman (1985). He works in a 3-nation Walrasian setting, assuming that international transfers are impossible but that nations’ can violate the ...
At the Intersection - Canadian Construction Association
... returns—profits—mean less money for business to re-invest in new plants, machinery and technology. ...
... returns—profits—mean less money for business to re-invest in new plants, machinery and technology. ...
research paper series Research Paper 2015/05
... Following Samuelson’s seminal 1939 contribution, existing formulations of the aggregate gains from trade have been rooted in the theory of consumer demand. Using this formulation to measure gains requires either aggregate consumption data, which are rarely available, or specific functional forms for ...
... Following Samuelson’s seminal 1939 contribution, existing formulations of the aggregate gains from trade have been rooted in the theory of consumer demand. Using this formulation to measure gains requires either aggregate consumption data, which are rarely available, or specific functional forms for ...
Guns Versus Butter Tradeoff: The Theory of Defense Quality Factor
... defense expenditures via two channels. First one, similar with the security effects regarded as the fundamental value of defense spending [12], is the investability effect provided by the deterrence cover achieved by joining global and regional defense alliances. Second one is the opportunity of eco ...
... defense expenditures via two channels. First one, similar with the security effects regarded as the fundamental value of defense spending [12], is the investability effect provided by the deterrence cover achieved by joining global and regional defense alliances. Second one is the opportunity of eco ...
"He who looks for the heart of the story in the distance between the
... various specific components of the Potterian economy, including the Potterian money, banking, and monetary system, the Potterian market structure, the Potterian public sector, income distribution and social mobility, international trade and migration, etc. Although the Potterian economy is a fictiti ...
... various specific components of the Potterian economy, including the Potterian money, banking, and monetary system, the Potterian market structure, the Potterian public sector, income distribution and social mobility, international trade and migration, etc. Although the Potterian economy is a fictiti ...
fep working papers fep working papers
... Zhang (2001a) states that FDI is a source of economic growth because it carries with knowhow in production and management methods, but also with highly skilled workers. Additionally, FDI fosters economic development in the host country by increasing its productive capacity due to the improvement of ...
... Zhang (2001a) states that FDI is a source of economic growth because it carries with knowhow in production and management methods, but also with highly skilled workers. Additionally, FDI fosters economic development in the host country by increasing its productive capacity due to the improvement of ...
Impacts of External Shocks on Nations` Policy Responses and
... workers’ remittances, and transfers. The policy responses are disaggregated into four components in our study. They are the export penetration--increasing share in the world export markets; import substitution -- replacing imports with domestic production; and reducing domestic aggregate spending -- ...
... workers’ remittances, and transfers. The policy responses are disaggregated into four components in our study. They are the export penetration--increasing share in the world export markets; import substitution -- replacing imports with domestic production; and reducing domestic aggregate spending -- ...
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... future claims on only a small fraction of future income, and that active “macro markets” would allow for more effective risk allocation, allowing individuals to insure themselves against many macroeconomic risks. In October 2002, Goldman Sachs and Deutsche Bank set up the first markets tied directly ...
... future claims on only a small fraction of future income, and that active “macro markets” would allow for more effective risk allocation, allowing individuals to insure themselves against many macroeconomic risks. In October 2002, Goldman Sachs and Deutsche Bank set up the first markets tied directly ...
Chapter 01Economics and Economic Reasoning
... 1. The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True False ...
... 1. The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True False ...