The Swedish model: an alternative to macroeconomic policy
... defense of equal pay for equal services, regardless of profitability or the company’s ability to pay (Whyman, 2003, pp. 39-40). Companies should compete with each other through productivity and not through cost reductions regarding to labor. However, the model does not suggest a general equalization ...
... defense of equal pay for equal services, regardless of profitability or the company’s ability to pay (Whyman, 2003, pp. 39-40). Companies should compete with each other through productivity and not through cost reductions regarding to labor. However, the model does not suggest a general equalization ...
True/False Questions
... a. the maximum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. b. the minimum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. c. the maximum com ...
... a. the maximum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. b. the minimum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. c. the maximum com ...
Bank capital, the state contingency of banks` assets and its role for
... Since bank capital is an important determinant of banks’ leverage, which in turn affects how shocks are propagated through the banking sector to the real economy, it is also important to put the focus on the channels which determine the evolution of bank capital in a macroeconomic context. If banks’ ...
... Since bank capital is an important determinant of banks’ leverage, which in turn affects how shocks are propagated through the banking sector to the real economy, it is also important to put the focus on the channels which determine the evolution of bank capital in a macroeconomic context. If banks’ ...
Solution to the Greek economic crisis
... government bonds were sold and long-term interest rates rose. It became difficult for the Greek government to raise funds because of the poor credit. Financial deadlock of the Greece government has led to pension cuts and increase in consumption tax. As a result, there was a great impact on the peop ...
... government bonds were sold and long-term interest rates rose. It became difficult for the Greek government to raise funds because of the poor credit. Financial deadlock of the Greece government has led to pension cuts and increase in consumption tax. As a result, there was a great impact on the peop ...
MNW ONS Presentation
... • ONS research into what subjective questions are being asked. • Life satisfaction/happiness measures already collected on a range of surveys and presented in DEFRA SDIs. • Role for ONS to collect subjective wellbeing data on its household surveys? (eg LA ests) • How could high quality subjective we ...
... • ONS research into what subjective questions are being asked. • Life satisfaction/happiness measures already collected on a range of surveys and presented in DEFRA SDIs. • Role for ONS to collect subjective wellbeing data on its household surveys? (eg LA ests) • How could high quality subjective we ...
MODEL INVESTASI ISLAMI
... The numerator of Tobin’s q is the value of the economy’s capital as determined by the stock market. The denominator is the price of capital as if it were purchased today. Tobin conveyed that net investment should depend on whether q is greater or less than 1. If q >1, then firms can raise the value ...
... The numerator of Tobin’s q is the value of the economy’s capital as determined by the stock market. The denominator is the price of capital as if it were purchased today. Tobin conveyed that net investment should depend on whether q is greater or less than 1. If q >1, then firms can raise the value ...
Berlin paper, draft 1.02
... viewed the period differently. The period was one of falling prices, though induced by falling costs, not by deficient demand. ...
... viewed the period differently. The period was one of falling prices, though induced by falling costs, not by deficient demand. ...
Poverty Traps, Economic Inequality and Delinquent Incentives
... There is a recent literature in economics that studies institutional changes in a dynamic evolutionary framework where inequality and poverty traps emerge with endogenous ine¢ cient institutional arrangements (Bowles 2006). Other theoretical contributions argue that parasitic enterprises can feed on ...
... There is a recent literature in economics that studies institutional changes in a dynamic evolutionary framework where inequality and poverty traps emerge with endogenous ine¢ cient institutional arrangements (Bowles 2006). Other theoretical contributions argue that parasitic enterprises can feed on ...
Working Capital, Inventories, and Optimal Offshoring
... since such an investment gives the firm access to the cash flows that come in steady state. In the right hand panel, the firm must finance a larger triangle before the first cashflow materializes. If we suppose that the transport cost is also , then the firm must pay an initial cost of 15 (given ...
... since such an investment gives the firm access to the cash flows that come in steady state. In the right hand panel, the firm must finance a larger triangle before the first cashflow materializes. If we suppose that the transport cost is also , then the firm must pay an initial cost of 15 (given ...
Unit 6 _ ppt 1 _ Markets for Factors of Production
... • The three most important factors of production are labor, land, and capital. • The demand for a factor, such as labor, is a derived demand that comes from firms that use the factors to produce goods and services. ...
... • The three most important factors of production are labor, land, and capital. • The demand for a factor, such as labor, is a derived demand that comes from firms that use the factors to produce goods and services. ...
Development of Human and Physical Capital and Change in the
... more the manufactured exports, but the same is not true for agricultural exports Development means many things. As an idea it encompasses improvements in various spheres of human activity, social, economical, cultural and political. This paper however will focus on the development of capital. It wil ...
... more the manufactured exports, but the same is not true for agricultural exports Development means many things. As an idea it encompasses improvements in various spheres of human activity, social, economical, cultural and political. This paper however will focus on the development of capital. It wil ...
The Effects of Technical Change on Labor Market Inequalities
... Observation 1 Wage inequality in the United States is today at its historical peak over the post World War II period. However, early in the century it was even larger. The returns to college and high school fell precipitously in the first half of the century and then rose again until now (Goldin and ...
... Observation 1 Wage inequality in the United States is today at its historical peak over the post World War II period. However, early in the century it was even larger. The returns to college and high school fell precipitously in the first half of the century and then rose again until now (Goldin and ...
Mankiw 6e PowerPoints
... National saving does not depend on r, so the supply curve is vertical. ...
... National saving does not depend on r, so the supply curve is vertical. ...
13-Employment a nd Income Creat ion-I
... Assume that people at some point wish to consume more that is, the propensity to consume increases. The effect may be > an increase in general prices if producers do not wish to produce more or the economy already at full employment, or > producers may expand output to meet the increased demand, and ...
... Assume that people at some point wish to consume more that is, the propensity to consume increases. The effect may be > an increase in general prices if producers do not wish to produce more or the economy already at full employment, or > producers may expand output to meet the increased demand, and ...
On Fiscal Policy and Budget Deficits
... real balance effect relies on »external« money with net worth to the private sector and to the stock of money remaining unchanged in the face of price changes. In a world of largely bank credit money, the amount of »external« money is relatively small: for example in the UK the ratio of M to GDP is ...
... real balance effect relies on »external« money with net worth to the private sector and to the stock of money remaining unchanged in the face of price changes. In a world of largely bank credit money, the amount of »external« money is relatively small: for example in the UK the ratio of M to GDP is ...
THE ROLE OF THE STATE IN ECONOMIC DEVELOPMENT IN
... Table 1 shows a set of macroeconomic indicators for Southern Africa derived from the 2001 African Development Report while Table 2 provides a set of human, social and economic development indicators for the region drawn from the SADC Regional Report 2000. The macroeconomic indicators which are avera ...
... Table 1 shows a set of macroeconomic indicators for Southern Africa derived from the 2001 African Development Report while Table 2 provides a set of human, social and economic development indicators for the region drawn from the SADC Regional Report 2000. The macroeconomic indicators which are avera ...
Document
... trade-offs: It requires some groups, or the nation as a whole, to give up something else that is valued. In order to decide how fast we want our economy to grow, we must consider growth’s costs as well as its benefits. © 2001 South-Western, a division of Thomson Learning ...
... trade-offs: It requires some groups, or the nation as a whole, to give up something else that is valued. In order to decide how fast we want our economy to grow, we must consider growth’s costs as well as its benefits. © 2001 South-Western, a division of Thomson Learning ...
SESSION 3: MACROECONOMICS LECTURE
... The Great Depression of 1930's, motivated economists led by John Maynard Keynes, to study macroeconomics. ...
... The Great Depression of 1930's, motivated economists led by John Maynard Keynes, to study macroeconomics. ...
Investment and profits in neo-kaleckian models: a critical
... as a “wage-led regime”, while it would be a “profit-led regime” if the latter were the prevailing effect. In other words, a wage-led regime is characterized by the fact that a rise in the wage share brings about an increase of total aggregate demand, while the opposite will happen in a profit-led re ...
... as a “wage-led regime”, while it would be a “profit-led regime” if the latter were the prevailing effect. In other words, a wage-led regime is characterized by the fact that a rise in the wage share brings about an increase of total aggregate demand, while the opposite will happen in a profit-led re ...
Debt, Power, and Crisis - Rutgers Women and Gender Studies
... of financial crises. This raises important questions of which frameworks are appropriate for developing an alternative approach to governing financial and credit markets. We suggest that ongoing developments with regard to economic and social rights have the potential to provide the basis for an alt ...
... of financial crises. This raises important questions of which frameworks are appropriate for developing an alternative approach to governing financial and credit markets. We suggest that ongoing developments with regard to economic and social rights have the potential to provide the basis for an alt ...
Inflation, Unemployment, and Hayek
... all sorts emerged in the 1970s. Third, there has been a sharp decline in real wages. Fourth, although monetary expansion and inflation continued through much of the 1970s, a firm enough hand was kept on the monetary controls that money supply growth dropped sharply in 1974. Fifth, unemployment has r ...
... all sorts emerged in the 1970s. Third, there has been a sharp decline in real wages. Fourth, although monetary expansion and inflation continued through much of the 1970s, a firm enough hand was kept on the monetary controls that money supply growth dropped sharply in 1974. Fifth, unemployment has r ...
growth and technological change in cuba
... output holding the inputs constants, or equivalent to the rate of technical progress, which is normally known as total factor productivity. Note that the factor A(t) of equation (1’) represents the rate of technical progress, which may contain many elements such as: (1) capacity of people to create ...
... output holding the inputs constants, or equivalent to the rate of technical progress, which is normally known as total factor productivity. Note that the factor A(t) of equation (1’) represents the rate of technical progress, which may contain many elements such as: (1) capacity of people to create ...
ELEMENTARY ECONOMICS
... On foreign trade, Ricardo is famous for his theory of comparative advantage. He argued that there are gains from trade if each nation specializes completely in the production of the good in which it has a "comparative" cost advantage, and then trades those goods with other nations in exchange for ot ...
... On foreign trade, Ricardo is famous for his theory of comparative advantage. He argued that there are gains from trade if each nation specializes completely in the production of the good in which it has a "comparative" cost advantage, and then trades those goods with other nations in exchange for ot ...
LOS CICLOS EN LA ECONOMÍA Paseando con
... appearance of new engines. They reach the whole economy. They increase productivity. They comprise the core of the technological-economic revolution. • 2. Radical innovations. Assembly-line production or the appearance of a factor that has an impact on others (the microchip, for example, in electron ...
... appearance of new engines. They reach the whole economy. They increase productivity. They comprise the core of the technological-economic revolution. • 2. Radical innovations. Assembly-line production or the appearance of a factor that has an impact on others (the microchip, for example, in electron ...
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... 2002, the Ifo indicator for the economic climate in the euro area lost considerable ground in vis-à-vis the July survey. The distance to the economic trough of autumn last year after the terror assaults in the USA has clearly shrunk, and the indicator is considerably below the long-term average. How ...
... 2002, the Ifo indicator for the economic climate in the euro area lost considerable ground in vis-à-vis the July survey. The distance to the economic trough of autumn last year after the terror assaults in the USA has clearly shrunk, and the indicator is considerably below the long-term average. How ...