Inflation and Economic Growth in India – An Empirical Analysis
... opposite predictions on the relation between inflation and growth, have distinguished themselves. Researchers of the first camp base their arguments on the Phillips curve and output gap, defined as the difference between actual and potential output and assert a positive relation between inflation a ...
... opposite predictions on the relation between inflation and growth, have distinguished themselves. Researchers of the first camp base their arguments on the Phillips curve and output gap, defined as the difference between actual and potential output and assert a positive relation between inflation a ...
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... not uniformly distributed across the population, a rising wealth-to-income ratio is associated with a more unequal distribution of personal income. Rognlie (2015) demonstrates that the increase in the economy-wide capital income share is driven exclusively by the housing sector. Stiglitz (2015) poin ...
... not uniformly distributed across the population, a rising wealth-to-income ratio is associated with a more unequal distribution of personal income. Rognlie (2015) demonstrates that the increase in the economy-wide capital income share is driven exclusively by the housing sector. Stiglitz (2015) poin ...
NBER WORKING PAPER SERIES A MODEL OF SECULAR STAGNATION Gauti B. Eggertsson
... reduction in the real interest rate as debtors pay down their debt and savers need to compensate for the drop in overall spending by increasing their spending. Once the deleveraging process is completed (debt is back to a new debt limit), the economy returns to its steady state with a positive inter ...
... reduction in the real interest rate as debtors pay down their debt and savers need to compensate for the drop in overall spending by increasing their spending. Once the deleveraging process is completed (debt is back to a new debt limit), the economy returns to its steady state with a positive inter ...
AS-AD and the Business Cycle
... to build their models from the base of production functions and preferences, don’t use the model because the AS and AD curves are not independent. Technological change shifts both the AS and AD curves simultaneously and in complicated ways. New Keynesian economists have dropped the model in favor of ...
... to build their models from the base of production functions and preferences, don’t use the model because the AS and AD curves are not independent. Technological change shifts both the AS and AD curves simultaneously and in complicated ways. New Keynesian economists have dropped the model in favor of ...
Technological Diversification Miklos Koren and Silvana Tenreyro
... diversi…cation predict that …nancial development should play a key role in mediating the relation between volatility and development. In what follows, we …rst show graphically that the decline in volatility with development holds at di¤erent levels of …nancial development. Later on, we shall present ...
... diversi…cation predict that …nancial development should play a key role in mediating the relation between volatility and development. In what follows, we …rst show graphically that the decline in volatility with development holds at di¤erent levels of …nancial development. Later on, we shall present ...
Chapter 7
... other things remaining the same, decreases the real value of money and raises the interest rate. Faced with a higher interest rate, people try to borrow and spend less so the quantity of real GDP demanded decreases. Similarly, a fall in the price level increases the real value of money and lowers th ...
... other things remaining the same, decreases the real value of money and raises the interest rate. Faced with a higher interest rate, people try to borrow and spend less so the quantity of real GDP demanded decreases. Similarly, a fall in the price level increases the real value of money and lowers th ...
NBER WORKING PAPER SERIES CHINA’S FDI AND NON-FDI ECONOMIES AND THE
... production from abroad to China to service the Chinese internal market. The other is vertical FDI which seeks to take advantage of low cost production (and especially low wage rates) for export of products abroad. Most export-oriented FDI inflows originate from other Asia economies, including South ...
... production from abroad to China to service the Chinese internal market. The other is vertical FDI which seeks to take advantage of low cost production (and especially low wage rates) for export of products abroad. Most export-oriented FDI inflows originate from other Asia economies, including South ...
In D R flue Dev Rele enc velo evan cing opm nt F g Re men Fac ece
... 4. Developments in the medium-term government debt position Despite an extremely responsible management of public finances, resulting in the achievement of agreed consolidation targets, exceptionally bad cyclical conditions exerted a negative impact on the dynamics of the debt-to-GDP ratio. Actually ...
... 4. Developments in the medium-term government debt position Despite an extremely responsible management of public finances, resulting in the achievement of agreed consolidation targets, exceptionally bad cyclical conditions exerted a negative impact on the dynamics of the debt-to-GDP ratio. Actually ...
Economic Development in the UAE
... did not pass through the hypothetical development ‘stages’ that most developed countries seem to have experienced. Rather, its large oil revenues have allowed her to leap these stages to the stage of high mass consumption. Massive oil revenues have enabled the UAE to short-cut the usually difficult ...
... did not pass through the hypothetical development ‘stages’ that most developed countries seem to have experienced. Rather, its large oil revenues have allowed her to leap these stages to the stage of high mass consumption. Massive oil revenues have enabled the UAE to short-cut the usually difficult ...
Dynamic Asymmetries in the Australian Labour Market Philip M. Bodman School of Economics
... The presence or otherwise of cyclical asymmetries in economic data has important implications for both theoretical economic modelling, economic forecasting and the analysis of economic policy. Whilst the theoretical idea that economic variables vary asymmetrically over time and that the economy may ...
... The presence or otherwise of cyclical asymmetries in economic data has important implications for both theoretical economic modelling, economic forecasting and the analysis of economic policy. Whilst the theoretical idea that economic variables vary asymmetrically over time and that the economy may ...
An Integrated Micro-Macro (IMM) approach to the
... making in a complex economy is fraught with many difficulties: Policy-makers have to decide about alternatives in a situation where the future outcome is uncertain. They are working in a context where relevant information is lacking, and are forced to use imprecise and incomplete data about the pres ...
... making in a complex economy is fraught with many difficulties: Policy-makers have to decide about alternatives in a situation where the future outcome is uncertain. They are working in a context where relevant information is lacking, and are forced to use imprecise and incomplete data about the pres ...
2013/2014 (1) - Lietuvos laisvosios rinkos institutas
... prekybos apimčių augimas lėtės.........................7 Šešėlinė ekonomika ir mokesčių našta: rinkos dalyvių vertinimu šešėlio mažėja....................................................7 Darbo užmokestis ir toliau augs.........................9 Verslas ir investicinė aplinka: daugiausia kliūčių kyl ...
... prekybos apimčių augimas lėtės.........................7 Šešėlinė ekonomika ir mokesčių našta: rinkos dalyvių vertinimu šešėlio mažėja....................................................7 Darbo užmokestis ir toliau augs.........................9 Verslas ir investicinė aplinka: daugiausia kliūčių kyl ...
Medium Term Budget Policy Statement
... (MTBPS) forecast that we would be growing at 3.5 per cent by 2016. But real GDP growth has slowed markedly, and the economy is now expected to record growth of just 0.5 per cent this year. This is much too slow for us to radically remake South Africa into a society based on social justice and dignit ...
... (MTBPS) forecast that we would be growing at 3.5 per cent by 2016. But real GDP growth has slowed markedly, and the economy is now expected to record growth of just 0.5 per cent this year. This is much too slow for us to radically remake South Africa into a society based on social justice and dignit ...
Perverse Fiscal Consolidation by D. Mario Nuti Sapienza University
... thus reducing not only employment but the number of those “employable”, pulling down the growth path of potential output (Vianello 2005). “An insufficient demand protracted over time unavoidably generates a slowdown in the formation of new productive capacity and therefore of potential income” (ibid ...
... thus reducing not only employment but the number of those “employable”, pulling down the growth path of potential output (Vianello 2005). “An insufficient demand protracted over time unavoidably generates a slowdown in the formation of new productive capacity and therefore of potential income” (ibid ...
Neoclassical Models in Macroeconomics∗
... the development of information processing and communication technologies, including the integrated circuit, …ber optics, microwave technology, laptop computers and tablets, software applications, cellular technology, and the internet. Our focus on technologies and policies connects with considerable ...
... the development of information processing and communication technologies, including the integrated circuit, …ber optics, microwave technology, laptop computers and tablets, software applications, cellular technology, and the internet. Our focus on technologies and policies connects with considerable ...
Ecotourism and Economic Growth in the Galapagos: An Island
... by 2005, and data on the quantity of sea cucumbers extracted in the Galapagos are available for 2005 (but not 1999). However, sea cucumber production has since decreased sharply due to diminishing natural populations, and controversy over Galapagos fishing has shifted to contraband shark fin harves ...
... by 2005, and data on the quantity of sea cucumbers extracted in the Galapagos are available for 2005 (but not 1999). However, sea cucumber production has since decreased sharply due to diminishing natural populations, and controversy over Galapagos fishing has shifted to contraband shark fin harves ...
Measurement of Real Income in the System of National Accounts
... national income in the SNA framework. Measures of household wealth accumulation and of gross and net saving and methods to include terms-of-trade adjustments are all present. However, these metrics are not as widely known or discussed as GDP. The aim of this paper is to demonstrate how using the rec ...
... national income in the SNA framework. Measures of household wealth accumulation and of gross and net saving and methods to include terms-of-trade adjustments are all present. However, these metrics are not as widely known or discussed as GDP. The aim of this paper is to demonstrate how using the rec ...
The Least Developed Countries Report 2013
... are developing when that country shows improvements or progress in all these capacities occurs through three areas — when, in other words, its productive resources are expanding, it is closely related core economic acquiring technological and entrepreneurial capabilities and it is also creating prod ...
... are developing when that country shows improvements or progress in all these capacities occurs through three areas — when, in other words, its productive resources are expanding, it is closely related core economic acquiring technological and entrepreneurial capabilities and it is also creating prod ...
Chapter 16
... These goods are produced but not yet sold This entry can be positive or negative Negative inventory investment means less in inventory at year-end than at the beginning LO 16 - 2 McGraw-Hill/Irwin ...
... These goods are produced but not yet sold This entry can be positive or negative Negative inventory investment means less in inventory at year-end than at the beginning LO 16 - 2 McGraw-Hill/Irwin ...
CHAPTER 7: Long-Run and Short
... The two features immediately clear when you examine the trend in productivity in the United States over the past fifty years are: a. An upward trend and fairly sizable fluctuations around that trend. b. An upward trend and relatively small fluctuations around that trend. c. A downward trend and fair ...
... The two features immediately clear when you examine the trend in productivity in the United States over the past fifty years are: a. An upward trend and fairly sizable fluctuations around that trend. b. An upward trend and relatively small fluctuations around that trend. c. A downward trend and fair ...
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.