Lies, Damned Lies and the 2015 Intergenerational Report
... at intervals of no more than five years. To date, four intergenerational reports have been released: in 2002, 2007, 2010 and 2015. According to Section 21 of the Act: An intergenerational report is to assess the long term sustainability of current Government policies over the 40 years following the ...
... at intervals of no more than five years. To date, four intergenerational reports have been released: in 2002, 2007, 2010 and 2015. According to Section 21 of the Act: An intergenerational report is to assess the long term sustainability of current Government policies over the 40 years following the ...
What kind of convergence does the euro area need?
... Market Act of 1986 was followed by rapid convergence. ...
... Market Act of 1986 was followed by rapid convergence. ...
Debt Overhangs: Past and Present
... It would be desirable to have long-dated measures of general government debt that include states and municipalities. However, for long dated historical data, the Reinhart-Rogoff (2009) database only contains central government debt. There is also the issue of net debt versus gross debt, with the mai ...
... It would be desirable to have long-dated measures of general government debt that include states and municipalities. However, for long dated historical data, the Reinhart-Rogoff (2009) database only contains central government debt. There is also the issue of net debt versus gross debt, with the mai ...
高寒牧区人类活动对生态环境的影响
... settlement construction, road construction, exploitation of tourism resource and mining also aggravate the deterioration of ecological environment, for example, the construction of a secondary highway of State Road 213 spoilt grassland vegetation ,which led to the extra volume of 17 737.1 t of soil ...
... settlement construction, road construction, exploitation of tourism resource and mining also aggravate the deterioration of ecological environment, for example, the construction of a secondary highway of State Road 213 spoilt grassland vegetation ,which led to the extra volume of 17 737.1 t of soil ...
Diego Restuccia
... data from the U.S. Census of Agriculture we document a 16-fold difference in value added per worker between the largest and smallest scale of operation of farms reported. Available data from other sources, based on national censuses and farm surveys, indicate that labor productivity rises with size ...
... data from the U.S. Census of Agriculture we document a 16-fold difference in value added per worker between the largest and smallest scale of operation of farms reported. Available data from other sources, based on national censuses and farm surveys, indicate that labor productivity rises with size ...
CA NP 4 - Board of Commissioners of Public Utilities
... that occurred last spring, posting annualized growth of 3.5 per cent in the third quarter. However, the numbers are expected to show that the momentum dissipated in the fourth quarter, in line with flat employment growth and a downturn in consumer confidence. Moreover, throughout 2011, very low lend ...
... that occurred last spring, posting annualized growth of 3.5 per cent in the third quarter. However, the numbers are expected to show that the momentum dissipated in the fourth quarter, in line with flat employment growth and a downturn in consumer confidence. Moreover, throughout 2011, very low lend ...
GLOBAL ECONOMIC PROSPECTS | January 2015
... How does the recent decline in oil prices compare with previous episodes? 159 What are the causes of the sharp drop? 160 What are the macroeconomic and financial implications? 161 ...
... How does the recent decline in oil prices compare with previous episodes? 159 What are the causes of the sharp drop? 160 What are the macroeconomic and financial implications? 161 ...
lecture6_2006_hv
... Inflation follows the money growth path, lagging behind at first but then overshooting on the way down. Inflation, however, is equal to the growth rate of money supply in the long-run The real interest rate becomes cyclic. At first it drops and then rises as P overshoots M! Investment follows a cycl ...
... Inflation follows the money growth path, lagging behind at first but then overshooting on the way down. Inflation, however, is equal to the growth rate of money supply in the long-run The real interest rate becomes cyclic. At first it drops and then rises as P overshoots M! Investment follows a cycl ...
Transition Report 2012 - INTEGRATION ACROSS BORDERS
... This is the fourth consecutive Transition Report to be written in the shadow of an economic crisis in the transition region. Our 2008 report, dedicated to how growth in the region could be made more sustainable, was written as the storm was brewing. The 2009 report was entirely dedicated to the cris ...
... This is the fourth consecutive Transition Report to be written in the shadow of an economic crisis in the transition region. Our 2008 report, dedicated to how growth in the region could be made more sustainable, was written as the storm was brewing. The 2009 report was entirely dedicated to the cris ...
Domestic Credit Growth and International Capital Flows Philip R. Lane Peter McQuade
... Lane and Milesi-Ferretti (2012) show that above-normal current account de…cits during the pre-crisis period were signi…cantly associated with major declines in domestic demand and sharp reversals in private capital ‡ows over 2008-2010. The importance of these twin factors raises the question of whet ...
... Lane and Milesi-Ferretti (2012) show that above-normal current account de…cits during the pre-crisis period were signi…cantly associated with major declines in domestic demand and sharp reversals in private capital ‡ows over 2008-2010. The importance of these twin factors raises the question of whet ...
Review of Treasury Macroeconomic and Revenue Forecasting
... The Review has focused its assessment of Treasury’s macroeconomic forecasts on those series which are most important for revenue forecasting. These series include nominal GDP and the major components of the income measure of nominal GDP, in particular compensation of employees and gross operating su ...
... The Review has focused its assessment of Treasury’s macroeconomic forecasts on those series which are most important for revenue forecasting. These series include nominal GDP and the major components of the income measure of nominal GDP, in particular compensation of employees and gross operating su ...
The economywide impacts of migration
... The terms of reference ask the Commission to consider the Australian and state and territory government finance implications of migration. An important means by which NOM affects governments finances is through its effects on expenditures that relate directly to demography including health, aged car ...
... The terms of reference ask the Commission to consider the Australian and state and territory government finance implications of migration. An important means by which NOM affects governments finances is through its effects on expenditures that relate directly to demography including health, aged car ...
The Worldwide Shift of FDI to Services- How does it... Asia? New Evidence from Seventeen Asian Economies.
... technological advantage supported by patents, brands etc., organizational expertise, marketing channels, economies of scale or an unique source of cheap financing (Hymer, 1976; Caves, 1971; Dunning, 2014; and Nayak and Chaudury, 2014). The institutional and other risk factors, on the other hand, de ...
... technological advantage supported by patents, brands etc., organizational expertise, marketing channels, economies of scale or an unique source of cheap financing (Hymer, 1976; Caves, 1971; Dunning, 2014; and Nayak and Chaudury, 2014). The institutional and other risk factors, on the other hand, de ...
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.