ch01
... • What can government policy do to help an economy recover from a slump? • How do we know whether the amount of money that has been printed is too much, too little, or just enough? • Should China keep the value of the yuan fixed with respect to the US dollar? • Why has the US been running huge trade ...
... • What can government policy do to help an economy recover from a slump? • How do we know whether the amount of money that has been printed is too much, too little, or just enough? • Should China keep the value of the yuan fixed with respect to the US dollar? • Why has the US been running huge trade ...
The Science of Macroeconomics
... • What can government policy do to help an economy recover from a slump? • How do we know whether the amount of money that has been printed is too much, too little, or just enough? • Should China keep the value of the yuan fixed with respect to the US dollar? • Why has the US been running huge trade ...
... • What can government policy do to help an economy recover from a slump? • How do we know whether the amount of money that has been printed is too much, too little, or just enough? • Should China keep the value of the yuan fixed with respect to the US dollar? • Why has the US been running huge trade ...
Productivity Dispersion:Facts, Theory, and Implications
... Okun attempts to explain his own finding by resorting to several factors. They are (a) additional jobs for people who do not actively seek work in a slack labor market but nonetheless take jobs when they become available; (b) a longer workweek reflecting less part-time and more overtime employment; a ...
... Okun attempts to explain his own finding by resorting to several factors. They are (a) additional jobs for people who do not actively seek work in a slack labor market but nonetheless take jobs when they become available; (b) a longer workweek reflecting less part-time and more overtime employment; a ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... the "cold war" that followed. Productivity gains were seen as vital for the reconstruction of war-torn nations and for the development of economically backward countries in which there was increasing pressure for economic growth. Productivity advances were also regarded as a means of mitigating ...
... the "cold war" that followed. Productivity gains were seen as vital for the reconstruction of war-torn nations and for the development of economically backward countries in which there was increasing pressure for economic growth. Productivity advances were also regarded as a means of mitigating ...
Post-Keynesian models of growth and distribution
... • What happens if there is a reduction in the markup (or in the profit share) and hence an increase in the real wage (or an increase in the wage share)? • Initially, in the short run, as explained by Robinson (1956), there will be an increase in consumption, and hence an increase in the rate of util ...
... • What happens if there is a reduction in the markup (or in the profit share) and hence an increase in the real wage (or an increase in the wage share)? • Initially, in the short run, as explained by Robinson (1956), there will be an increase in consumption, and hence an increase in the rate of util ...
Lansing Community College
... the class. I have a list of personal finance websites that I will be posting, but there are many places where students can find articles about personal finance. The article/story should be fairly new (not more than 6 months old) and not a repeat of something that has already been presented in class. ...
... the class. I have a list of personal finance websites that I will be posting, but there are many places where students can find articles about personal finance. The article/story should be fairly new (not more than 6 months old) and not a repeat of something that has already been presented in class. ...
F585 Global Economy June 2010
... the definition. As is well known unemployment is a lagging indicator of the cycle of economic activity. For this reason it is possible and, even, very likely that unemployment will continue to rise as we emerge from a recession. Interpreting Figure 1.1 A word of caution It is very tempting, but comp ...
... the definition. As is well known unemployment is a lagging indicator of the cycle of economic activity. For this reason it is possible and, even, very likely that unemployment will continue to rise as we emerge from a recession. Interpreting Figure 1.1 A word of caution It is very tempting, but comp ...
View/Open
... shares to steadily decline, with the larger employment shares declining faster after a certain point than the smaller output shares. This is generally held to be a reflection of agriculture's contribution of "surplus" resources to the nonagricultural sectors, in conjunction with technological change ...
... shares to steadily decline, with the larger employment shares declining faster after a certain point than the smaller output shares. This is generally held to be a reflection of agriculture's contribution of "surplus" resources to the nonagricultural sectors, in conjunction with technological change ...
Downloaded
... trade/GDP ratios from the category of more globalized countries is to underestimate the category of high globalizers with low economic growth. An exaggeration of the relationship between high growth and growing openness also occurs when one critically examines the evidence for China and India. Contr ...
... trade/GDP ratios from the category of more globalized countries is to underestimate the category of high globalizers with low economic growth. An exaggeration of the relationship between high growth and growing openness also occurs when one critically examines the evidence for China and India. Contr ...
Cyclical Properties of Workers` Remittances
... that Turkey receives and the Turkish output may have turned into procyclicality over time implying that the passage of time may change cyclical properties of remittances. There is evidence that up to the second quarter of 1994 when the first major economic/financial crisis in the aftermath of the 19 ...
... that Turkey receives and the Turkish output may have turned into procyclicality over time implying that the passage of time may change cyclical properties of remittances. There is evidence that up to the second quarter of 1994 when the first major economic/financial crisis in the aftermath of the 19 ...
Chapter 28: Introduction to Macroeconomic Fluctu% ations
... force. – Whether the wage cut succeeds in getting workers to quit will depend on what other …rms do— are other …rms also cutting wages? – The …rm may face less uncertainty by simply laying o¤ the workers it does not ...
... force. – Whether the wage cut succeeds in getting workers to quit will depend on what other …rms do— are other …rms also cutting wages? – The …rm may face less uncertainty by simply laying o¤ the workers it does not ...
Notes 15 - The University of Chicago Booth School of Business
... Price changes: With a price change in one country, both the supply and the demand for a currency will be affected. Let us illustrate with an example. Suppose that prices in the US rise (P goes up – where P is price level of all goods in the economy). This means US goods become more expensive (foreig ...
... Price changes: With a price change in one country, both the supply and the demand for a currency will be affected. Let us illustrate with an example. Suppose that prices in the US rise (P goes up – where P is price level of all goods in the economy). This means US goods become more expensive (foreig ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: The International Transmission of Inflation
... market operations (OMO) and foreign exchange market operations (FXO), in a small open economy. This topic is of great importance to policymakers who are faced with various policy targets and have two alternative instruments. For example, when the objective is to stabilize exchange rates in the short ...
... market operations (OMO) and foreign exchange market operations (FXO), in a small open economy. This topic is of great importance to policymakers who are faced with various policy targets and have two alternative instruments. For example, when the objective is to stabilize exchange rates in the short ...
PDF
... Things started to change in the 1970s with the emergence of a few countries mainly in South East Asia which were able to rapidly grow for prolonged periods of time relying on an export-oriented strategy. The emergence of these little giants of manufacturing exports allowed the North to deepen its re ...
... Things started to change in the 1970s with the emergence of a few countries mainly in South East Asia which were able to rapidly grow for prolonged periods of time relying on an export-oriented strategy. The emergence of these little giants of manufacturing exports allowed the North to deepen its re ...
Economic Base Model - University of Utah
... Even if interest rates fall to low levels, businesses will not invest because they do not want to expand capacity during a depression. They will not hire labor, no matter how low the wages, because there is no need to expand production during a depression. When people have low wages, they cannot buy ...
... Even if interest rates fall to low levels, businesses will not invest because they do not want to expand capacity during a depression. They will not hire labor, no matter how low the wages, because there is no need to expand production during a depression. When people have low wages, they cannot buy ...
CHAPTER 2. SUBREGIONAL PERFORMANCE, CHALLENGES AND POLICIES
... Despite the appreciation, foreign reserves still rose by more than $21 billion ($9 billion in November and December), thereby expanding liquidity. The central bank did not want to raise interest rates further, which could dampen investment growth and stimulate additional financial inflows, or to all ...
... Despite the appreciation, foreign reserves still rose by more than $21 billion ($9 billion in November and December), thereby expanding liquidity. The central bank did not want to raise interest rates further, which could dampen investment growth and stimulate additional financial inflows, or to all ...
ECON 545 Week 6 Quiz
... How producer responds to price change will affect how high prices will rise or fall. Whether high prices bring in additional supply or not will depend on how costly it is for producer to increase its output. If expanding production costs little, then a relatively small price increase may be enough t ...
... How producer responds to price change will affect how high prices will rise or fall. Whether high prices bring in additional supply or not will depend on how costly it is for producer to increase its output. If expanding production costs little, then a relatively small price increase may be enough t ...
Determinants of Economic Growth in Tunisia and the Role of... Diana Ekman Undergraduate Economics Thesis Haverford College
... when exporting firms were given economic supports, such as tax breaks, to try and increase Tunisia’s exports to improve its current account balance (Lahouel, 1998). One of the sectors of manufacturing that grew particularly fast in this time period was textiles, where most of the workers are female. ...
... when exporting firms were given economic supports, such as tax breaks, to try and increase Tunisia’s exports to improve its current account balance (Lahouel, 1998). One of the sectors of manufacturing that grew particularly fast in this time period was textiles, where most of the workers are female. ...
Macroeconomics Lecture Note
... Given the bleak prospect of business, which presumably has caused the current recession, it is unlikely that any private economic agents, such as households or firms, will bring an additional demand for the economy: They are all concerned with, and thus constrained by the financial bottom line. It s ...
... Given the bleak prospect of business, which presumably has caused the current recession, it is unlikely that any private economic agents, such as households or firms, will bring an additional demand for the economy: They are all concerned with, and thus constrained by the financial bottom line. It s ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.