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Chapter 9 Keynesian Models of Aggregate Demand
... The marginal propensity to consume is ∂C/∂Y and is usually argued to be between zero and one. ...
... The marginal propensity to consume is ∂C/∂Y and is usually argued to be between zero and one. ...
The problem of non-renewable energy resources in the production
... its present energy consumption (EUR 60 billion per year, or the present combined energy consumption of Germany and Finland) by improving energyefficiency. In order to illustrate the ideas previously presented, this paper builds a general equilibrium model, based on Hartwick (1989), with three sector ...
... its present energy consumption (EUR 60 billion per year, or the present combined energy consumption of Germany and Finland) by improving energyefficiency. In order to illustrate the ideas previously presented, this paper builds a general equilibrium model, based on Hartwick (1989), with three sector ...
country spreads in emerging countries: who drives whom?
... these countries are facing in financial markets, it would go a long way in reducing aggregate volatility. I will close with an exercise that asks the following question: What if country spread did not feed from domestic variables? That is, what if output, investment and the trade balance did not hav ...
... these countries are facing in financial markets, it would go a long way in reducing aggregate volatility. I will close with an exercise that asks the following question: What if country spread did not feed from domestic variables? That is, what if output, investment and the trade balance did not hav ...
Capital Accumulation, Technological Change, and the Distribution of
... without changing the others. Economic historians have been schizophrenic about this methodology. On the one hand, they usually regard its assumptions as odd (how could a new technique be adopted without erecting the equipment that embodied it?); on the other hand, no account of an industrial revolut ...
... without changing the others. Economic historians have been schizophrenic about this methodology. On the one hand, they usually regard its assumptions as odd (how could a new technique be adopted without erecting the equipment that embodied it?); on the other hand, no account of an industrial revolut ...
NBER WORKING PAPER SERIES MONETARY RULES FOR SMALL, OPEN, EMERGING ECONOMIES Douglas Laxton
... nomicsÔ theoretical literature such as Obstfeld and Rogoff (1995, 2000), Corsetti and Pesenti (2001a,b), Bacchetta and van Wincoop (2000), Tille (2001), Devereux and Engel (2001), Corsetti and Dedola (2002), Benigno and Benigno (2003), and builds on empirical SDGE open-economy applications such as K ...
... nomicsÔ theoretical literature such as Obstfeld and Rogoff (1995, 2000), Corsetti and Pesenti (2001a,b), Bacchetta and van Wincoop (2000), Tille (2001), Devereux and Engel (2001), Corsetti and Dedola (2002), Benigno and Benigno (2003), and builds on empirical SDGE open-economy applications such as K ...
Fiscal policy and saving under distortionary taxation
... Another example is the coefficient of government transfers to the public (or of interest payments on the domestic public debt). This coefficient should be zero if one considers only the direct effect of transferring funds from one sector of the economy to another. However, since current tax rates ar ...
... Another example is the coefficient of government transfers to the public (or of interest payments on the domestic public debt). This coefficient should be zero if one considers only the direct effect of transferring funds from one sector of the economy to another. However, since current tax rates ar ...
The Malthusian Economy
... shown that conditioning on a number of factors, countries with a higher land productivity had higher population densities in 1500. The results come from a cross-country regression with population density as the dependent variable. Land productivity is a measure that is based on the amount of arable ...
... shown that conditioning on a number of factors, countries with a higher land productivity had higher population densities in 1500. The results come from a cross-country regression with population density as the dependent variable. Land productivity is a measure that is based on the amount of arable ...
The Application of Circuit- consistent Money to Macroeconomic
... arrive is a talented rock-climber (to be known as R). He is able to get access to the cliffs on the island where millions of seabirds live and manages to collect a considerable amount of guano to fertilise the fruit trees and increase the crop. So B gives a few more marked leaves to F who in turn gi ...
... arrive is a talented rock-climber (to be known as R). He is able to get access to the cliffs on the island where millions of seabirds live and manages to collect a considerable amount of guano to fertilise the fruit trees and increase the crop. So B gives a few more marked leaves to F who in turn gi ...
NBER WORKING PAPER SERIES CAPITAL GOODS IMPORTS AND LONG-RUN GROWFH Jong-Wha Lee
... H. The Relative Pike of Capital Goods arxl Per Capita Incont There are some studies that discuss characteristics of cross-country data on the ...
... H. The Relative Pike of Capital Goods arxl Per Capita Incont There are some studies that discuss characteristics of cross-country data on the ...
The Minimum Wage Mandate - Digital Commons @ IWU
... workers’ rights and stopping predatory firms, there were many unintended consequences to come from this law. As companies and firms were now forced to increase their employees’ wages, they looked to find ways to cut cost elsewhere to keep profits high including raising prices, cutting workers, or mo ...
... workers’ rights and stopping predatory firms, there were many unintended consequences to come from this law. As companies and firms were now forced to increase their employees’ wages, they looked to find ways to cut cost elsewhere to keep profits high including raising prices, cutting workers, or mo ...
Tara Inc. - Duke University`s Fuqua School of Business
... Current Situation Shoe Industry Country Risks Analysis Conclusion ...
... Current Situation Shoe Industry Country Risks Analysis Conclusion ...
Utility and Preference
... • Point U the economy is producing inside the production possibility curve. At this point output can be increased in the short-term policy measures that should absorb the idle or unemployed resources and move to I (one). • Full – employment does not mean the economy will grow. Full – employment impl ...
... • Point U the economy is producing inside the production possibility curve. At this point output can be increased in the short-term policy measures that should absorb the idle or unemployed resources and move to I (one). • Full – employment does not mean the economy will grow. Full – employment impl ...
Engels` Pause: A Pessimist`s Guide to the British Industrial
... accrued to someone–and it wasn’t workers. The second phase lasted from the 1840s into the twentieth century. In this period, the real wage increased in line with the growth in output per worker. While Figure 1 is consistent with Lewis’ schema, the mechanisms he outlines do not explain it. As a gener ...
... accrued to someone–and it wasn’t workers. The second phase lasted from the 1840s into the twentieth century. In this period, the real wage increased in line with the growth in output per worker. While Figure 1 is consistent with Lewis’ schema, the mechanisms he outlines do not explain it. As a gener ...
The Austrian School
... The pattern of resource allocation associated with intertemporal equilibrium exhibits a certain uniformity in terms of the value differentials that separate the stages of production. The difference in the value of the output of one stage and the value of output of the next stage reflects, among othe ...
... The pattern of resource allocation associated with intertemporal equilibrium exhibits a certain uniformity in terms of the value differentials that separate the stages of production. The difference in the value of the output of one stage and the value of output of the next stage reflects, among othe ...
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... and over) and six levels of educational achievement (pre-school or in-primary, in-secondary, intertiary, primary educated, secondary educated and tertiary educated). Births are determined by the annual rate of birth among families age 20-39. Death rates are specific to the four age cohorts. Aging is ...
... and over) and six levels of educational achievement (pre-school or in-primary, in-secondary, intertiary, primary educated, secondary educated and tertiary educated). Births are determined by the annual rate of birth among families age 20-39. Death rates are specific to the four age cohorts. Aging is ...
Finding the Equilibrium Real Interest Rate in a Fog of Policy
... Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford’s Introductory Economics Center. He served as a senior economist on President Ford’s and President Carter’s Council of Economic Advisers, as a member of President George H ...
... Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford’s Introductory Economics Center. He served as a senior economist on President Ford’s and President Carter’s Council of Economic Advisers, as a member of President George H ...