Marco Cangiano , E. Baldacci , S. Mahfouz , andAxel Schimmelpfenning The Effectiveness of Fiscal Policy in Stimulating Economic Activity: An Empirical Investigation (Second IMF Research Conference)..
... composition of fiscal policy, measured by changes in revenue and expenditure ratios. ...
... composition of fiscal policy, measured by changes in revenue and expenditure ratios. ...
Consumer Sentiment, the Economy, and the News Media Mark Doms*
... Presents Diverse Views” in which the possibilities of a recession are discussed in the last paragraph. This signal process may be why over the years public officials have expressed misgivings about using the word “recession”; a famous example is Alfred Kahn’s remarks in which he substituted the word ...
... Presents Diverse Views” in which the possibilities of a recession are discussed in the last paragraph. This signal process may be why over the years public officials have expressed misgivings about using the word “recession”; a famous example is Alfred Kahn’s remarks in which he substituted the word ...
Calvin Coolidge and the Language of LIberalism – Amity Shlaes
... while Coolidge may not have been a purebred, he cherished the most basic liberal tenets of freedom for the individual and property rights. And there was one area where he was as good a liberal as any philosopher. That was as a liberal practitioner. That is, for those five and half years he governed, ...
... while Coolidge may not have been a purebred, he cherished the most basic liberal tenets of freedom for the individual and property rights. And there was one area where he was as good a liberal as any philosopher. That was as a liberal practitioner. That is, for those five and half years he governed, ...
The Portuguese Crisis and the IMF - Independent Evaluation Office
... Our basic view of the crisis is that Portugal built up large stocks of public and private foreign debt that left the country vulnerable to a sudden stop in capital flows. Our report begins with a discussion of how Portugal accumulated this debt and used the borrowed funds. The first period that we s ...
... Our basic view of the crisis is that Portugal built up large stocks of public and private foreign debt that left the country vulnerable to a sudden stop in capital flows. Our report begins with a discussion of how Portugal accumulated this debt and used the borrowed funds. The first period that we s ...
DID STATES OVERSPEND DURING THE 1990s?
... services from the private sector (for example, construction materials and vehicles) just as it increases private sector prices and costs. Wages and salaries also increase in response to inflation and economic growth. In addition to making purchases from the private sector, state and local government ...
... services from the private sector (for example, construction materials and vehicles) just as it increases private sector prices and costs. Wages and salaries also increase in response to inflation and economic growth. In addition to making purchases from the private sector, state and local government ...
Pushing on a string: US monetary policy is less powerful in
... Paola Ganum and Junyi Hou for superb research assistance, and Olivier Coibion for providing his data. This paper was written largely while Thwaites was at LSE and does not represent the views of the Bank of England. ...
... Paola Ganum and Junyi Hou for superb research assistance, and Olivier Coibion for providing his data. This paper was written largely while Thwaites was at LSE and does not represent the views of the Bank of England. ...
The 2016 Global Retail Development Index™: Global
... some countries that had been previously highly ranked, including Uruguay (2nd in 2015), Qatar (4th), and Mongolia (5th), are no longer part of the Index. Retail opportunities in these markets still exist, but are sometimes limited to certain sectors and perhaps confined to a few shopping malls. • U ...
... some countries that had been previously highly ranked, including Uruguay (2nd in 2015), Qatar (4th), and Mongolia (5th), are no longer part of the Index. Retail opportunities in these markets still exist, but are sometimes limited to certain sectors and perhaps confined to a few shopping malls. • U ...
Can We Predict the Next Capital Account Crisis?
... measures of real exchange rate misalignment, terms of trade shocks, international reserves, external and public debt, monetary and fiscal policy, balance sheet mismatches (currency and maturity) in the corporate, banking, and government sectors, political uncertainty, global cyclical and financial c ...
... measures of real exchange rate misalignment, terms of trade shocks, international reserves, external and public debt, monetary and fiscal policy, balance sheet mismatches (currency and maturity) in the corporate, banking, and government sectors, political uncertainty, global cyclical and financial c ...
three quarters
... Low fiscal buffers and weaknesses in budget planning and execution have led to the buildup of domestic accounts payable. For example, budget execution is based on appropriations rather than cash availability, resulting in the drawdown of government domestic deposits and/or the accumulation of accoun ...
... Low fiscal buffers and weaknesses in budget planning and execution have led to the buildup of domestic accounts payable. For example, budget execution is based on appropriations rather than cash availability, resulting in the drawdown of government domestic deposits and/or the accumulation of accoun ...
The Macroeconomic Impact of Trade Preference Erosion
... Production yields are significantly lower in the Windwards than for other Caribbean and Latin American banana producers. Banana farms in the Windwards are typically less than ten acres in size, and are mostly located in difficult terrain (characterized by steep hillsides and narrow valleys). The com ...
... Production yields are significantly lower in the Windwards than for other Caribbean and Latin American banana producers. Banana farms in the Windwards are typically less than ten acres in size, and are mostly located in difficult terrain (characterized by steep hillsides and narrow valleys). The com ...
First and Second Reviews of the Staff-Monitored Program and
... fiscal adjustment should be improved over time, in order to make room for increased but more efficient investment expenditure. Overhaul of the public financial management system is necessary to improve fiscal discipline and the quality of spending. Implementation of the budget-sharing agreement with ...
... fiscal adjustment should be improved over time, in order to make room for increased but more efficient investment expenditure. Overhaul of the public financial management system is necessary to improve fiscal discipline and the quality of spending. Implementation of the budget-sharing agreement with ...
Macro Sample Questions All Chapters McConnell 20 edition TO
... funds were 20 percent, it would be unprofitable for businesses to invest in new machinery and equipment, so investment would be zero. But if the interest rate were 16 percent, businesses would find it profitable to invest $10 billion. If the interest rate were 12 percent, $20 billion would be invest ...
... funds were 20 percent, it would be unprofitable for businesses to invest in new machinery and equipment, so investment would be zero. But if the interest rate were 16 percent, businesses would find it profitable to invest $10 billion. If the interest rate were 12 percent, $20 billion would be invest ...
Economic Index
... Pennsylvania, South Carolina and Virginia) and the United States as a whole. Comparison states were selected based on the following characteristics: Georgia, South Carolina and Virginia represent Southeastern geographic competitor states; Michigan and Pennsylvania are comparable manufacturing states ...
... Pennsylvania, South Carolina and Virginia) and the United States as a whole. Comparison states were selected based on the following characteristics: Georgia, South Carolina and Virginia represent Southeastern geographic competitor states; Michigan and Pennsylvania are comparable manufacturing states ...
Waco Metro Area Economic Outlook for 2016
... five largest manufacturing sectors. In 2014 transportation equipment and food processing both lost jobs, but wage income in food processing increased as average weekly wages per worker grew faster than the rate of reduction in employment. If the average weekly wage in food processing grows in 2015 a ...
... five largest manufacturing sectors. In 2014 transportation equipment and food processing both lost jobs, but wage income in food processing increased as average weekly wages per worker grew faster than the rate of reduction in employment. If the average weekly wage in food processing grows in 2015 a ...
WP/16/39 Governments and Promised Fiscal Consolidations
... changes. For example, a stock price boom raises the CAPB by increasing capital gains tax revenue, and tends to coincide with an expansion in private demand (Morris and Schuknecht, 2007). Even when the CAPB accurately measures fiscal actions, these could include discretionary responses to economic de ...
... changes. For example, a stock price boom raises the CAPB by increasing capital gains tax revenue, and tends to coincide with an expansion in private demand (Morris and Schuknecht, 2007). Even when the CAPB accurately measures fiscal actions, these could include discretionary responses to economic de ...
NBER WORKING PAPER SERIES AN ASSESSMENT OF THE NEW MERCHANTILISM
... The analysis proceeds in two stages. The first stage uses a canonical one-sector model of an endowment economy that faces non-insurable shocks in domestic income. These shocks are non-insurable because asset markets are incomplete, but the economy still has access to a frictionless credit market in ...
... The analysis proceeds in two stages. The first stage uses a canonical one-sector model of an endowment economy that faces non-insurable shocks in domestic income. These shocks are non-insurable because asset markets are incomplete, but the economy still has access to a frictionless credit market in ...
Greece: Ex-Post Evaluation of Exceptional Access under the 2012
... In accordance with Fund policies, this report conducts an ex-post evaluation of a four-year exceptional access extended arrangement under the Extended Fund Facility (EFF) with Greece approved in March 2012. The Fund committed €28 billion under the extended arrangement (SDR 23.8 billion or 2,159 perc ...
... In accordance with Fund policies, this report conducts an ex-post evaluation of a four-year exceptional access extended arrangement under the Extended Fund Facility (EFF) with Greece approved in March 2012. The Fund committed €28 billion under the extended arrangement (SDR 23.8 billion or 2,159 perc ...
Europe and Central Asia Economic Update
... thrown the European Union into unchartered territory. In the eastern part of the region, the decline in oil prices has left the financial system in many countries in dire straits. In most countries in the region, the adjustment to the “new normal,” in which the conditions of the boom period cannot b ...
... thrown the European Union into unchartered territory. In the eastern part of the region, the decline in oil prices has left the financial system in many countries in dire straits. In most countries in the region, the adjustment to the “new normal,” in which the conditions of the boom period cannot b ...
From Recession to Recovery
... time period, say a year, following the trough. In this chapter, both definitions are used. These two definitions are complementary and display a sort of duality—the first one determines the time it takes to achieve a given amplitude, and the second one determines the amplitude observed after a given ...
... time period, say a year, following the trough. In this chapter, both definitions are used. These two definitions are complementary and display a sort of duality—the first one determines the time it takes to achieve a given amplitude, and the second one determines the amplitude observed after a given ...
From Recession to Recovery: How Soon and How
... time period, say a year, following the trough. In this chapter, both definitions are used. These two definitions are complementary and display a sort of duality—the first one determines the time it takes to achieve a given amplitude, and the second one determines the amplitude observed after a given ...
... time period, say a year, following the trough. In this chapter, both definitions are used. These two definitions are complementary and display a sort of duality—the first one determines the time it takes to achieve a given amplitude, and the second one determines the amplitude observed after a given ...
Tourism In THe BAlTIC seA regIon
... arrivals – the tourism industry generates growth, wealth and jobs to more than 1.4 million people. Tourism quickly recovered from the global crisis, and the global outlook of the tourism industry is positive. According to the UNWTO’s global forecast the average annual growth is expected to be 3.3 pe ...
... arrivals – the tourism industry generates growth, wealth and jobs to more than 1.4 million people. Tourism quickly recovered from the global crisis, and the global outlook of the tourism industry is positive. According to the UNWTO’s global forecast the average annual growth is expected to be 3.3 pe ...
UK BUSINESS CONFIDENCE MONITOR Q1 2009
... Please visit www.icaew.com/bcm for further analysis and detail about BCM. ...
... Please visit www.icaew.com/bcm for further analysis and detail about BCM. ...
SEBI BULLETIN March 2016 VOL. 14 NUMBER 3
... issue. The cumulative amount mobilised through QIP allotments route during 2015-16, so far, stood at `14,588 crore. (Details in Table 10) 2. Preferential Allotments Listed at BSE and NSE Preferential allotment also serves as an alternative mechanism of resource mobilization wherein a listed issuer i ...
... issue. The cumulative amount mobilised through QIP allotments route during 2015-16, so far, stood at `14,588 crore. (Details in Table 10) 2. Preferential Allotments Listed at BSE and NSE Preferential allotment also serves as an alternative mechanism of resource mobilization wherein a listed issuer i ...
Living Standards During Previous Recessions
... appears to have started in later 1992. We thus treat the early 1990s recession as lasting from 1990 to 1992. It should also be noted that the reductions in real GDP are a lot smaller than those observed during the previous two recessions. Panel d shows the current, ongoing UK recession. The economy ...
... appears to have started in later 1992. We thus treat the early 1990s recession as lasting from 1990 to 1992. It should also be noted that the reductions in real GDP are a lot smaller than those observed during the previous two recessions. Panel d shows the current, ongoing UK recession. The economy ...
Global Retail Expansion: Keeps On Moving
... increased consumer confidence in home delivery, quality assurance, and an enforced returnedgoods policy. Foreign hypermarkets such as Wal-Mart and Carrefour have entered the segment to tap into the country’s 24 million online shoppers. Netflix has launched subscription moviestreaming services in Bra ...
... increased consumer confidence in home delivery, quality assurance, and an enforced returnedgoods policy. Foreign hypermarkets such as Wal-Mart and Carrefour have entered the segment to tap into the country’s 24 million online shoppers. Netflix has launched subscription moviestreaming services in Bra ...