Macroeconomic Consequences of Remittances, by Ralph Chami
... of policymakers and researchers in recent years, as evidenced by a growing literature aimed at analyzing remittances and their consequences for individual countries. Three main features of remittances provide the impetus for embarking on a study of their macroeconomic impacts: the size of these flow ...
... of policymakers and researchers in recent years, as evidenced by a growing literature aimed at analyzing remittances and their consequences for individual countries. Three main features of remittances provide the impetus for embarking on a study of their macroeconomic impacts: the size of these flow ...
China in Transformation VII_Fosha
... Figure 1: The sixth leg of our field trip of Chinese cities – Foshan ................................................ 5 Figure 2: Foshan is located in the PRD and borders Guangzhou to the east ................................... 7 Figure 3: From 1978~2014, Foshan’s GDP grew at a CAGR of 16%, signifi ...
... Figure 1: The sixth leg of our field trip of Chinese cities – Foshan ................................................ 5 Figure 2: Foshan is located in the PRD and borders Guangzhou to the east ................................... 7 Figure 3: From 1978~2014, Foshan’s GDP grew at a CAGR of 16%, signifi ...
Strengthening Malta`s Fiscal Framework
... countries which in the past have experienced unfavourable balance of payments conditions. If one looks at the sovereign debt crisis in Europe it is clear that financial markets have not responded very kindly to rising fiscal deficits and high public indebtedness particularly in countries which also ...
... countries which in the past have experienced unfavourable balance of payments conditions. If one looks at the sovereign debt crisis in Europe it is clear that financial markets have not responded very kindly to rising fiscal deficits and high public indebtedness particularly in countries which also ...
to PC - umnet.com, mobile your fun
... however, have played second fiddle to political and military upheavals during more than 13 years of war, including the nearly 10-year Soviet military occupation (which ended 15 February 1989). Over the past decade, one-third of the population fled the country, with Pakistan sheltering more than 3 mi ...
... however, have played second fiddle to political and military upheavals during more than 13 years of war, including the nearly 10-year Soviet military occupation (which ended 15 February 1989). Over the past decade, one-third of the population fled the country, with Pakistan sheltering more than 3 mi ...
mmi14-Fidrmuc Jan 19104740 en
... adjustment. A standard Keynesian model such as the IS-LM framework predicts that a cut in government spending or an increase in taxes reduces the aggregate demand and income directly, which leads to negative multiplier effects on the output in the short term. In this case, the government debt ratio ...
... adjustment. A standard Keynesian model such as the IS-LM framework predicts that a cut in government spending or an increase in taxes reduces the aggregate demand and income directly, which leads to negative multiplier effects on the output in the short term. In this case, the government debt ratio ...
FOCUS - Piazza
... of Technology. He did his undergraduate work in France and received a Ph.D. in economics from MIT in 1977. He taught at Harvard from 1977 to 1982 and has taught at MIT since 1983. He has frequently received the award for best teacher in the department of economics. He is currently on leave from MIT ...
... of Technology. He did his undergraduate work in France and received a Ph.D. in economics from MIT in 1977. He taught at Harvard from 1977 to 1982 and has taught at MIT since 1983. He has frequently received the award for best teacher in the department of economics. He is currently on leave from MIT ...
am13 Ghosal 19077375 en
... of credit (e.g., Greenwald and Stiglitz, 1990); (2) real-options and the irreversibility of capital expenditures (e.g., Dixit and Pindyck, 1994); (3) firms’ attitudes towards risk (e.g., Appelbaum and Katz, 1986; Hartman, 1976); and (4) the convexity of the marginal product of capital (e.g., Abel, 1 ...
... of credit (e.g., Greenwald and Stiglitz, 1990); (2) real-options and the irreversibility of capital expenditures (e.g., Dixit and Pindyck, 1994); (3) firms’ attitudes towards risk (e.g., Appelbaum and Katz, 1986; Hartman, 1976); and (4) the convexity of the marginal product of capital (e.g., Abel, 1 ...
Uncertainty Shocks in a Model with Mean
... measures of uncertainty. For example, the correlation between the second moment of aggregate TFP, a measure of uncertainty, and real GDP is negative. This paper constructs a model where exogenous changes in the second moment of firm-level TFP - uncertainty shocks - endogenously generate business cyc ...
... measures of uncertainty. For example, the correlation between the second moment of aggregate TFP, a measure of uncertainty, and real GDP is negative. This paper constructs a model where exogenous changes in the second moment of firm-level TFP - uncertainty shocks - endogenously generate business cyc ...
Macroeconomics, 10e (Parkin) - Testbank 1 (ch. 1
... A) households demand goods and services that are supplied by firms, and the firms demand factors that are supplied by intermediate firms. B) households demand goods and services that are supplied by firms, while supplying factors that are demanded by firms. C) households sell goods and services whil ...
... A) households demand goods and services that are supplied by firms, and the firms demand factors that are supplied by intermediate firms. B) households demand goods and services that are supplied by firms, while supplying factors that are demanded by firms. C) households sell goods and services whil ...
146_Macroeconomics_10th_Edition
... The future is always uncertain. But at some times, and now is one such time, the range of possible near-future events is enormous. The major source of this great uncertainty is economic policy. There is uncertainty about the way in which international trade policy will evolve as protectionism is ret ...
... The future is always uncertain. But at some times, and now is one such time, the range of possible near-future events is enormous. The major source of this great uncertainty is economic policy. There is uncertainty about the way in which international trade policy will evolve as protectionism is ret ...
DOC 3212 KB - budget.govt.nz
... current account deficit. Compared with the Half Year Update, net migration inflows are significantly higher over the forecast period, which raises the Treasury’s estimate of the economy’s productive capacity (or potential output), and flows through to higher real GDP. However, a larger proportion of ...
... current account deficit. Compared with the Half Year Update, net migration inflows are significantly higher over the forecast period, which raises the Treasury’s estimate of the economy’s productive capacity (or potential output), and flows through to higher real GDP. However, a larger proportion of ...
NBER Reporter Program Report
... The first meeting of the Conference on Research in Income and Wealth (CRIW) occurred in late January of 1936 in the midst of the Great Depression. The general objective of the conferees at this meeting and those that followed was to help fill the void created by the absence of a national statistical ...
... The first meeting of the Conference on Research in Income and Wealth (CRIW) occurred in late January of 1936 in the midst of the Great Depression. The general objective of the conferees at this meeting and those that followed was to help fill the void created by the absence of a national statistical ...
Economic and fiscal outlook March 2015
... grateful for the hard work, expertise and professionalism that they have brought to the task. Given the highly disaggregated nature of the fiscal forecasts we produce, we have also drawn heavily on the work and expertise of officials across government, including in HM Revenue and Customs, the Depart ...
... grateful for the hard work, expertise and professionalism that they have brought to the task. Given the highly disaggregated nature of the fiscal forecasts we produce, we have also drawn heavily on the work and expertise of officials across government, including in HM Revenue and Customs, the Depart ...
Expenditure Rules: Effective Tools for Sound Fiscal Policy? 29 WP/15/
... fiscal policy, and improved fiscal discipline. We find that fiscal performance is better in countries where an expenditure rule exists. This appears to be related to the properties of expenditure rules as compliance rates are generally higher than with other types of rules (on the budget balance or ...
... fiscal policy, and improved fiscal discipline. We find that fiscal performance is better in countries where an expenditure rule exists. This appears to be related to the properties of expenditure rules as compliance rates are generally higher than with other types of rules (on the budget balance or ...
Macroeconomics Principles
... Wildflowers. He is nearing completion of a novel, Cool Luck, based on the life of a friend. It is the story of a young couple facing the husband’s diagnosis of ALS—Lou Gehrig’s disease. Remarkably, in 2007, he was able to return to the classroom at UCCS, where he had taught economics for 27 years. I ...
... Wildflowers. He is nearing completion of a novel, Cool Luck, based on the life of a friend. It is the story of a young couple facing the husband’s diagnosis of ALS—Lou Gehrig’s disease. Remarkably, in 2007, he was able to return to the classroom at UCCS, where he had taught economics for 27 years. I ...
Macroeconomic uncertainty
... Demand-side channels Higher uncertainty can induce households to save more. Faced with uncertainty about their future labour income, households might build up a ‘buffer stock’ of savings to draw on in periods of temporarily low income (Carroll (1996), Romer (1990)).(3) The flipside of increased savi ...
... Demand-side channels Higher uncertainty can induce households to save more. Faced with uncertainty about their future labour income, households might build up a ‘buffer stock’ of savings to draw on in periods of temporarily low income (Carroll (1996), Romer (1990)).(3) The flipside of increased savi ...
Economic growth
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.In economics, ""economic growth"" or ""economic growth theory"" typically refers to growth of potential output, i.e., production at ""full employment"". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.