A Note on the Appendix to Chapter 1
... accelerate the rate of debt repayment. 5. A slowdown in the economy during the recession in 2007 to 2009 sharply reduced tax collections for many state governments. During the booming 1990s, many state governments also cut tax rates. As income tax collections and sales tax collections have fallen bu ...
... accelerate the rate of debt repayment. 5. A slowdown in the economy during the recession in 2007 to 2009 sharply reduced tax collections for many state governments. During the booming 1990s, many state governments also cut tax rates. As income tax collections and sales tax collections have fallen bu ...
S ’ F
... The Trustees of the Social Security system have just issued the 2008 projections for the system over the next 75 years. The report contains two surprises. First, the 75-year deficit dropped to 1.70 percent of taxable payrolls from the roughly 2 percent it has been for the last 14 years. The decline ...
... The Trustees of the Social Security system have just issued the 2008 projections for the system over the next 75 years. The report contains two surprises. First, the 75-year deficit dropped to 1.70 percent of taxable payrolls from the roughly 2 percent it has been for the last 14 years. The decline ...
6. Public Finance
... The fiscal and debt management policies consistent with the prudent monetary policy stance in 2010 as well as the faster-than-expected economic recovery since the last quarter of 2009 helped improve fiscal balances, and consequently the public debt stock indicators. 2010 was marked by a decline in p ...
... The fiscal and debt management policies consistent with the prudent monetary policy stance in 2010 as well as the faster-than-expected economic recovery since the last quarter of 2009 helped improve fiscal balances, and consequently the public debt stock indicators. 2010 was marked by a decline in p ...
Changes in This Edition
... accelerate the rate of debt repayment. 5. A slowdown in the economy during the recession in 2007 to 2009 sharply reduced tax collections for many state governments. During the booming 1990s, many state governments also cut tax rates. As income tax collections and sales tax collections have fallen bu ...
... accelerate the rate of debt repayment. 5. A slowdown in the economy during the recession in 2007 to 2009 sharply reduced tax collections for many state governments. During the booming 1990s, many state governments also cut tax rates. As income tax collections and sales tax collections have fallen bu ...
Changes in This Edition
... accelerate the rate of debt repayment. 5. A slowdown in the economy during the recession in 2007 to 2009 sharply reduced tax collections for many state governments. During the booming 1990s, many state governments also cut tax rates. As income tax collections and sales tax collections have fallen bu ...
... accelerate the rate of debt repayment. 5. A slowdown in the economy during the recession in 2007 to 2009 sharply reduced tax collections for many state governments. During the booming 1990s, many state governments also cut tax rates. As income tax collections and sales tax collections have fallen bu ...
SOCIAL SECURITY’S FINANCIAL OUTLOOK: THE 2014 UPDATE IN PERSPECTIVE Introduction The 2014 Report
... to 36 percent of earnings. (This calculation assumes the Social Security Trustees’ ultimate real interest rate of 2.9 percent, and that individuals begin contributing at age 25 and retire at age 65.) Instead, workers and their employers under the pay-as-you-go system will be facing a tax of 16 perce ...
... to 36 percent of earnings. (This calculation assumes the Social Security Trustees’ ultimate real interest rate of 2.9 percent, and that individuals begin contributing at age 25 and retire at age 65.) Instead, workers and their employers under the pay-as-you-go system will be facing a tax of 16 perce ...
Nine Facts about the Great Recession and Tools
... the severity of the Great Recession (Chodorow-Reich et al. 2012; CBO 2015). By the CBO’s estimate, the fiscal stimulus bill caused GDP to be 0.4 to 2.3 percent higher in 2011 than it otherwise would have been (CBO 2015). But which components of the fiscal stimulus were most useful? Stimulus aimed at ...
... the severity of the Great Recession (Chodorow-Reich et al. 2012; CBO 2015). By the CBO’s estimate, the fiscal stimulus bill caused GDP to be 0.4 to 2.3 percent higher in 2011 than it otherwise would have been (CBO 2015). But which components of the fiscal stimulus were most useful? Stimulus aimed at ...
27. Country profile: Libya
... compared to other African nations. With only US$3 per capita in overseas development assistance being received, compared to the continental average of US$36, the Libyan economy would not be seriously affected by any decrease in foreign aid received. In fact, the Libyan economy did not start to recei ...
... compared to other African nations. With only US$3 per capita in overseas development assistance being received, compared to the continental average of US$36, the Libyan economy would not be seriously affected by any decrease in foreign aid received. In fact, the Libyan economy did not start to recei ...
GROSS DOMESTIC PRODUCT
... economy, with nominal GDP being expressed in current dollar prices, and real GDP being expressed in constant dollar prices (i.e. the dollar value of a particular year, after adjustment for inflation). Changes in real GDP are often used as a measure of economic growth, or the strength of the economy ...
... economy, with nominal GDP being expressed in current dollar prices, and real GDP being expressed in constant dollar prices (i.e. the dollar value of a particular year, after adjustment for inflation). Changes in real GDP are often used as a measure of economic growth, or the strength of the economy ...
April 2010 by Alexander J. Field
... be weak or even negative, as it was between 1929 and 1933. We won’t have much real evidence on the longer run trajectory of TFP for some time, since trend growth can only reliably be measured between business cycle peaks. Thus we will need to await the closing of the output gap and the economy’s ret ...
... be weak or even negative, as it was between 1929 and 1933. We won’t have much real evidence on the longer run trajectory of TFP for some time, since trend growth can only reliably be measured between business cycle peaks. Thus we will need to await the closing of the output gap and the economy’s ret ...
by John B. Taylor Stanford University March 3, 2000
... late 1980s, grew again in the early 1990s, and have disappeared in the late 1990s. Nor does counter cyclical policy seem to have strengthened. The discretionary stimulus packages submitted by Presidents Bush and Clinton in 1992 and 1993 were defeated by Congress. And Alan Auerbach (1999) shows that ...
... late 1980s, grew again in the early 1990s, and have disappeared in the late 1990s. Nor does counter cyclical policy seem to have strengthened. The discretionary stimulus packages submitted by Presidents Bush and Clinton in 1992 and 1993 were defeated by Congress. And Alan Auerbach (1999) shows that ...
The US Recovery from the Great Recession: A
... Great Depression shows that the situation could have been much worse. An extraordinary coordinated policy response, both from monetary and fiscal authorities, prevented a much deeper recession (Kozicki, Santor and Suchanek 2011). ...
... Great Depression shows that the situation could have been much worse. An extraordinary coordinated policy response, both from monetary and fiscal authorities, prevented a much deeper recession (Kozicki, Santor and Suchanek 2011). ...
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... current economic situation was rated very poorly in October and is expected to worsen further in the course of the next months. Venezuela is recovering only sluggishly from the recent political crisis with a protracted general strike that affected many industrial sectors. The assessments of the curr ...
... current economic situation was rated very poorly in October and is expected to worsen further in the course of the next months. Venezuela is recovering only sluggishly from the recent political crisis with a protracted general strike that affected many industrial sectors. The assessments of the curr ...
Slow tax revenue growth, rising pension contributions, and Medicaid
... revenue data were not, we estimated local government tax revenue to obtain state and local tax revenue for each state.78 Different states have been affected in different ways: for example, 14 states had inflation-adjusted per-capita pension contribution increases of more than $100, 14 states had sta ...
... revenue data were not, we estimated local government tax revenue to obtain state and local tax revenue for each state.78 Different states have been affected in different ways: for example, 14 states had inflation-adjusted per-capita pension contribution increases of more than $100, 14 states had sta ...
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... Compared to most other sub-Saharan African countries, Kenya has been a success story. However, it has suffered from a number of problems, many of which have become accentuated in recent years. Chief among these is the deterioration of its balance of payments situation, with rising external debt. Mor ...
... Compared to most other sub-Saharan African countries, Kenya has been a success story. However, it has suffered from a number of problems, many of which have become accentuated in recent years. Chief among these is the deterioration of its balance of payments situation, with rising external debt. Mor ...
Lessons From the Great Depression
... While output was declining during the depression era, unemployment was soaring. As Exhibit 1, part (b), shows, the rate of unemployment rose from 3.2 percent in 1929 to 8.7 percent in 1930 and 15.9 percent in 1931. During 1932 and 1933, the unemployment rate soared to nearly one-quarter of the labor ...
... While output was declining during the depression era, unemployment was soaring. As Exhibit 1, part (b), shows, the rate of unemployment rose from 3.2 percent in 1929 to 8.7 percent in 1930 and 15.9 percent in 1931. During 1932 and 1933, the unemployment rate soared to nearly one-quarter of the labor ...
Aftermath of the Arab Spring in North Africa
... International Monetary Fund (IMF), “Algeria Staff Report for the 2016 Article IV Consultation,” May 2016, http://www.imf.org/external/pubs/ft/scr/2016/cr16127.pdf. ...
... International Monetary Fund (IMF), “Algeria Staff Report for the 2016 Article IV Consultation,” May 2016, http://www.imf.org/external/pubs/ft/scr/2016/cr16127.pdf. ...
Shrunken Public Sector Stunts California`s Recovery
... Was the public sector workforce bloated, a “bubble” that needed to be popped? Writing in the Wall Street Journal, Stephen Moore states: “Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exa ...
... Was the public sector workforce bloated, a “bubble” that needed to be popped? Writing in the Wall Street Journal, Stephen Moore states: “Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exa ...
Chapter 1: From Stagnation to Economic Recovery
... for many Zimbabweans, particularly in the rural areas, production of the bulk of the country’s food requirement. The agricultural sector also has linkages with the manufacturing sector as a supplier of a sizeable proportion of the raw materials required in the industrial sector, as well as a consume ...
... for many Zimbabweans, particularly in the rural areas, production of the bulk of the country’s food requirement. The agricultural sector also has linkages with the manufacturing sector as a supplier of a sizeable proportion of the raw materials required in the industrial sector, as well as a consume ...
Economic Cycle Dating Committee - IBRE
... The Brazilian Institute of Economics (IBRE) of the Getulio Vargas Foundation (FGV) has created the Business Cycle Dating Committee (CODACE) to maintain a reference chronology of business cycles in Brazil. The first task entrusted to the seven CODACE members — all renowned economic experts — was to d ...
... The Brazilian Institute of Economics (IBRE) of the Getulio Vargas Foundation (FGV) has created the Business Cycle Dating Committee (CODACE) to maintain a reference chronology of business cycles in Brazil. The first task entrusted to the seven CODACE members — all renowned economic experts — was to d ...
Refer to the above table. Between years 1 and 2, real GDP
... 10. Given the annual rate of economic growth, the "rule of 70" allows one to: A) determine the accompanying rate of inflation. B) calculate the size of the GDP gap. C) calculate the number of years required for real GDP to double. D) determine the growth rate of per capita GDP. Answer: C 11. Recurri ...
... 10. Given the annual rate of economic growth, the "rule of 70" allows one to: A) determine the accompanying rate of inflation. B) calculate the size of the GDP gap. C) calculate the number of years required for real GDP to double. D) determine the growth rate of per capita GDP. Answer: C 11. Recurri ...
here - Government of Botswana
... Diversified Sources of Economic Growth 18. Madam Speaker, between financial years 1988/1989 and 2014/2015, there has been a notable change in the composition of Botswana`s gross domestic product. This period is characterised by growth in various non-mining sectors such as: Finance, Business & Servic ...
... Diversified Sources of Economic Growth 18. Madam Speaker, between financial years 1988/1989 and 2014/2015, there has been a notable change in the composition of Botswana`s gross domestic product. This period is characterised by growth in various non-mining sectors such as: Finance, Business & Servic ...
Exercises for Chapter 24
... Then suppose that the quality of lawn mowers improves while the price of lawn mowers stays the same. If the Institute of Statistics precisely adjusts the CPI for the improvement in quality, then, other things equal, a. the CPI will rise. b. the CPI will fall. c. the CPI will stay the same. d. lawn m ...
... Then suppose that the quality of lawn mowers improves while the price of lawn mowers stays the same. If the Institute of Statistics precisely adjusts the CPI for the improvement in quality, then, other things equal, a. the CPI will rise. b. the CPI will fall. c. the CPI will stay the same. d. lawn m ...
Unit Two Test
... C. There will be more efficient production in one country but less efficient production in the other. • D. Both countries will be better off. • E. Both countries will be producing their commodity inefficiently. ...
... C. There will be more efficient production in one country but less efficient production in the other. • D. Both countries will be better off. • E. Both countries will be producing their commodity inefficiently. ...
The St. Louis Fed`s New Characterization of the Outlook for the U.S.
... was 2.75 percent, well above our estimate of a trend rate of two percent. The unemployment rate declined from 7.1 percent in July 2013 to 5.3 percent as of July 2015. Inflation, however, barely moved. The trimmed-mean PCE inflation rate was 1.56 percent in July 2013 and had only increased to 1.64 pe ...
... was 2.75 percent, well above our estimate of a trend rate of two percent. The unemployment rate declined from 7.1 percent in July 2013 to 5.3 percent as of July 2015. Inflation, however, barely moved. The trimmed-mean PCE inflation rate was 1.56 percent in July 2013 and had only increased to 1.64 pe ...