Three Sides of Harberger Triangles
... with the foregone transaction of a single unit at q2 is: p2 0 p3 Å t. Summing differences between the prices that consumers would pay, and the prices at which suppliers would provide goods for all units between q2 and q1, indicates the welfare loss due to the excise tax, and is represented by the sh ...
... with the foregone transaction of a single unit at q2 is: p2 0 p3 Å t. Summing differences between the prices that consumers would pay, and the prices at which suppliers would provide goods for all units between q2 and q1, indicates the welfare loss due to the excise tax, and is represented by the sh ...
Resources by Benchmark - Minnesota Council on Economic
... Creation Online Simulation Activity Monetary Policy: A Quick & Dirty Explainer (YouTube Video) St Louis Fed - Currency and the Fed ...
... Creation Online Simulation Activity Monetary Policy: A Quick & Dirty Explainer (YouTube Video) St Louis Fed - Currency and the Fed ...
Mozambique Country Report
... Supporting this is the government’s five-year plan, the Plano Quinquenal do Governo 2015-2019 (PQG), which was passed into law in April 2015. The plan is centred on five priorities and three supporting pillars with individual actions to be taken to achieve the vision outlined in the strategy documen ...
... Supporting this is the government’s five-year plan, the Plano Quinquenal do Governo 2015-2019 (PQG), which was passed into law in April 2015. The plan is centred on five priorities and three supporting pillars with individual actions to be taken to achieve the vision outlined in the strategy documen ...
A Arthur Burns and Inflation Robert L. Hetzel
... I suspect that some of my colleagues are unduly fascinated by economic instruments and have given insufficient attention to the workings of the business mind of America. I weigh that heavily in questions of policy. . . . before I judge whether some proposal is good or bad, I ask how the businessman ...
... I suspect that some of my colleagues are unduly fascinated by economic instruments and have given insufficient attention to the workings of the business mind of America. I weigh that heavily in questions of policy. . . . before I judge whether some proposal is good or bad, I ask how the businessman ...
Discretionary versus Automatic Public Expenditure
... The debate about the impact of public spending on economic activity and the size of fiscal multiplier ignited during the Great Recession. The disagreement among economists and policy makers concerned, first, the effectiveness of fiscal stimuli applied in advanced economies in 2008 and 2009 to recove ...
... The debate about the impact of public spending on economic activity and the size of fiscal multiplier ignited during the Great Recession. The disagreement among economists and policy makers concerned, first, the effectiveness of fiscal stimuli applied in advanced economies in 2008 and 2009 to recove ...
Milton Friedman`s economics and political economy
... 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 ...
Fiscal consolidation as a self-fulfilling prophecy on fiscal multipliers
... The lengthening of the high multiplier period in the effect of consolidation has not been modelled directly or formulated explicitly. However some authors have made some vague allusion of such possibility. Wren-Lewis (2015) writes: “(…) the current recession is the result of trying to correct the fi ...
... The lengthening of the high multiplier period in the effect of consolidation has not been modelled directly or formulated explicitly. However some authors have made some vague allusion of such possibility. Wren-Lewis (2015) writes: “(…) the current recession is the result of trying to correct the fi ...
Brexit – The Economic Impact - Institut der deutschen Wirtschaft
... The UK has by far the biggest import surplus in its trading relationship with Germany, amounting to 36 billion euros in 2014 followed by the Netherlands and Belgium (Figure 2-3). In 1999, the trade deficit with Germany amounted to around 10 billion euros. In contrast, the surplus with Ireland which ...
... The UK has by far the biggest import surplus in its trading relationship with Germany, amounting to 36 billion euros in 2014 followed by the Netherlands and Belgium (Figure 2-3). In 1999, the trade deficit with Germany amounted to around 10 billion euros. In contrast, the surplus with Ireland which ...
Fiscal Fallacies: The Failure of Activist Fiscal Policy
... Quantitative approaches to monetary policy can also be used. However, even if monetary policy were thought to be ineffective, this does not in itself re-establish the effectiveness of fiscal policy. During the boom years, many commentators in Australia argued that the Howard government’s discretiona ...
... Quantitative approaches to monetary policy can also be used. However, even if monetary policy were thought to be ineffective, this does not in itself re-establish the effectiveness of fiscal policy. During the boom years, many commentators in Australia argued that the Howard government’s discretiona ...
The Recent Recession, the Current Recovery, and Stock Prices
... In practice, the only available comprehensive measures of profits are NIPA profits and S&P profits. Several versions of NIPA profits are available: NIPA profits after taxes exclude adjustments for inventory valuation and capital consumption, whereas NIPA adjusted profits after taxes include these ad ...
... In practice, the only available comprehensive measures of profits are NIPA profits and S&P profits. Several versions of NIPA profits are available: NIPA profits after taxes exclude adjustments for inventory valuation and capital consumption, whereas NIPA adjusted profits after taxes include these ad ...
How would a fiscal shock in Germany affect other European countries?
... room for maneuver available for decentralized, discretionary fiscal policy actions in the euro area (despite some coordination of fiscal policies), we are not going to simulate a coordinated euro area-wide fiscal shock (as, for instance, Hebous and Zimmermann, 2013) but, instead, we will focus on Ge ...
... room for maneuver available for decentralized, discretionary fiscal policy actions in the euro area (despite some coordination of fiscal policies), we are not going to simulate a coordinated euro area-wide fiscal shock (as, for instance, Hebous and Zimmermann, 2013) but, instead, we will focus on Ge ...
Rol en betekenis van het CPB
... rosy picture (they appear successful; down playing unpopular measures) ...
... rosy picture (they appear successful; down playing unpopular measures) ...
The Challenges of Kazakhstan
... information and communication systems, and other security issues such as radical revolutionary Islamic movements in the world which could influence the Kazakh population (over 50% are Muslims) and destabilize the country. The challenge for Kazakhstan is to be ready and capable to deal with these thr ...
... information and communication systems, and other security issues such as radical revolutionary Islamic movements in the world which could influence the Kazakh population (over 50% are Muslims) and destabilize the country. The challenge for Kazakhstan is to be ready and capable to deal with these thr ...
Beyond GDP: The Need for New Measures of Progress
... as a measure of national well-being, something for which it was never designed. We also question the idea that economic growth is always synonymous with improved well-being. Useful measures of progress and well-being must be measures of the degree to which society’s goals (i.e., to sustainably provi ...
... as a measure of national well-being, something for which it was never designed. We also question the idea that economic growth is always synonymous with improved well-being. Useful measures of progress and well-being must be measures of the degree to which society’s goals (i.e., to sustainably provi ...
Sri Lanka is a small island , about 270 miles long and 150 miles as
... MAIN FEATURES OF THE SRI LANKAN ECONOMY During the first decade after independence in 1948, Sri Lanka continued as an open economy with relatively minor trade or exchange rate restrictions and liberal domestic policies. State led Import substituting Industrialisation strategy was initiated from late ...
... MAIN FEATURES OF THE SRI LANKAN ECONOMY During the first decade after independence in 1948, Sri Lanka continued as an open economy with relatively minor trade or exchange rate restrictions and liberal domestic policies. State led Import substituting Industrialisation strategy was initiated from late ...
CONTENTS- The Norwich Economic Papers
... to stimulate the economy by releasing the restrictions on the domestic stock market which has created a bubble in the price of stocks and also due to over-investment mainly financed by leverage and debt into unproductive sectors such as real estate. The end of 2015 has culminated for the Chinese eco ...
... to stimulate the economy by releasing the restrictions on the domestic stock market which has created a bubble in the price of stocks and also due to over-investment mainly financed by leverage and debt into unproductive sectors such as real estate. The end of 2015 has culminated for the Chinese eco ...
State interests vs citizens` preferences
... been particularly good. The EUI Football Team has been a fundamental component not only of my life here in Florence, but also for the dealing with the questions that I was – and am still – trying to address with my dissertation. The responsive-responsible dilemma – which is the main theme of this th ...
... been particularly good. The EUI Football Team has been a fundamental component not only of my life here in Florence, but also for the dealing with the questions that I was – and am still – trying to address with my dissertation. The responsive-responsible dilemma – which is the main theme of this th ...
Non-tariff measures on the automobile industry
... In 2003, the Association of Southeast Asian Nations (ASEAN) agreed to the formation of a single market, the ASEAN Economic Community (AEC), as part of a wider initiative to promote and enhance the development of the region that also included the formation of the ASEAN PoliticalSecurity Community and ...
... In 2003, the Association of Southeast Asian Nations (ASEAN) agreed to the formation of a single market, the ASEAN Economic Community (AEC), as part of a wider initiative to promote and enhance the development of the region that also included the formation of the ASEAN PoliticalSecurity Community and ...
`Turning Points` with Leading Indicators: `Real Time`
... Therefore, one must decide whether these fluctuations are just white noise or do they contain an important signal about changes in the trajectory of economy as well. In other words, one must extract middle-run changes in the trajectory resting upon only a few observations. As recessions are very rar ...
... Therefore, one must decide whether these fluctuations are just white noise or do they contain an important signal about changes in the trajectory of economy as well. In other words, one must extract middle-run changes in the trajectory resting upon only a few observations. As recessions are very rar ...
The Political Economy of Privatization in the Maghreb
... towns. More than 500 people were killed and 1,000 injured (Addi 2006). Between 1985 and 1993 unemployment rose to alarmingly high rates while the purchasing power fell by 20 percent between 1989 and 1995. By 1998, 40 percent of the population was living under the poverty line (Joffe 2002). Under the ...
... towns. More than 500 people were killed and 1,000 injured (Addi 2006). Between 1985 and 1993 unemployment rose to alarmingly high rates while the purchasing power fell by 20 percent between 1989 and 1995. By 1998, 40 percent of the population was living under the poverty line (Joffe 2002). Under the ...
The Political Economy of Government Debt
... policy actions, namely increases in discretionary spending during recessions and reductions during booms. According to Keynesian theories, higher government spending or lower taxes during a recession may help economic recovery. The reason is that under high unemployment and low capacity utilization, ...
... policy actions, namely increases in discretionary spending during recessions and reductions during booms. According to Keynesian theories, higher government spending or lower taxes during a recession may help economic recovery. The reason is that under high unemployment and low capacity utilization, ...
Tourism and Economic Growth: Comparing Malaysia and Singapore
... growth by exerting a dynamic interaction in both areas (Chen and Chiou, 2009). Finally, it is believed that tourism and economic growth in special circumstances, has no significant relationship on each other, which means they are neither capturing the benefits from the economic nor the tourism expan ...
... growth by exerting a dynamic interaction in both areas (Chen and Chiou, 2009). Finally, it is believed that tourism and economic growth in special circumstances, has no significant relationship on each other, which means they are neither capturing the benefits from the economic nor the tourism expan ...
Economic growth, long-term economic prosperity and
... 1. Not all goods and services are included in GDP. Some non-marketed goods and services are excluded from the GDP figures, often because they are too hard to measure: • Do-it-yourself home production such as painting, housework, parenting and gardening are not included. • Production involved in the ...
... 1. Not all goods and services are included in GDP. Some non-marketed goods and services are excluded from the GDP figures, often because they are too hard to measure: • Do-it-yourself home production such as painting, housework, parenting and gardening are not included. • Production involved in the ...
- Blt2}L2tcu Abstract
... Curriculum and Syllabus of Economics should therefore follow the above line of thinking. Regular updating of both Curriculum and Syltabus in Economics is unavoidable because the subject of Economics has a rapid growth as compared to most of the other social sciences and also being a discipline that ...
... Curriculum and Syllabus of Economics should therefore follow the above line of thinking. Regular updating of both Curriculum and Syltabus in Economics is unavoidable because the subject of Economics has a rapid growth as compared to most of the other social sciences and also being a discipline that ...
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... international trade only in the medium run (AD-AS model) through the relationship of demand and supply with two-dimentional factor endowments: labour and capital. New trade theory. The theory was initially associated with Paul Krugman (1970); it contains economic criticism of international free trad ...
... international trade only in the medium run (AD-AS model) through the relationship of demand and supply with two-dimentional factor endowments: labour and capital. New trade theory. The theory was initially associated with Paul Krugman (1970); it contains economic criticism of international free trad ...