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Cytonn Annual Markets Review - 2016
... influenced by (i) the high levels of foreign exchange reserves averaged USD 7.5 bn, equivalent to 4.9 months (ii) improved diaspora remittances, with cumulative 12 months’ inflows to June 2016 increasing by 11.0% to USD 1.7 bn from USD 1.5 bn in the year to June 2015. However, towards the end of the ...
... influenced by (i) the high levels of foreign exchange reserves averaged USD 7.5 bn, equivalent to 4.9 months (ii) improved diaspora remittances, with cumulative 12 months’ inflows to June 2016 increasing by 11.0% to USD 1.7 bn from USD 1.5 bn in the year to June 2015. However, towards the end of the ...
Real interest rate
... ·Demand-pull inflation: an excess of total spending beyond the economy’s capacity to produce. When resources are already fully employed, firms cannot respond to increases in demand. “Too much spending chasing too few goods.” ·Cost-push or supply-side inflation: Prices rise because of rise in per-uni ...
... ·Demand-pull inflation: an excess of total spending beyond the economy’s capacity to produce. When resources are already fully employed, firms cannot respond to increases in demand. “Too much spending chasing too few goods.” ·Cost-push or supply-side inflation: Prices rise because of rise in per-uni ...
True/False Questions
... a. the maximum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. b. the minimum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. c. the maximum com ...
... a. the maximum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. b. the minimum combinations of two goods or services that can be produced when resources are fully used and the best technology is employed. c. the maximum com ...
PowerPoint-Präsentation
... Share of private foreign debt in total foreign debt, 2000-2006 in per cent Private foreign debt continues to grow HR ...
... Share of private foreign debt in total foreign debt, 2000-2006 in per cent Private foreign debt continues to grow HR ...
Finance-dominated capitalism in crisis – the
... focus on developments in the US, Germany and the Euro area. As a result of this analysis we argue that, in both the short and the long run, the US will no longer be able to act as the driver of world demand and that the present policy model pursued in the Euro area will not allow Europe to replace t ...
... focus on developments in the US, Germany and the Euro area. As a result of this analysis we argue that, in both the short and the long run, the US will no longer be able to act as the driver of world demand and that the present policy model pursued in the Euro area will not allow Europe to replace t ...
The Balance of Payments and Exchange Rates
... During recessions, people in many countries become more protectionist and seek to protect jobs in their own home industries by limiting ...
... During recessions, people in many countries become more protectionist and seek to protect jobs in their own home industries by limiting ...
Mecpoc Symposium design
... the “rigor” of science. Yet, this explanation leaves open the question of whether rising public debt can indeed steadily rescue markets. If mainstream theory has no place for fiscal stimulus, several queries inevitably arise: Is it safe to make exception to theoretical principles? If replacing priva ...
... the “rigor” of science. Yet, this explanation leaves open the question of whether rising public debt can indeed steadily rescue markets. If mainstream theory has no place for fiscal stimulus, several queries inevitably arise: Is it safe to make exception to theoretical principles? If replacing priva ...
Document
... He later concluded that the interest rate wasn’t doing its job—because saving was not affected by the interest rate and investment was governed exclusively (or, at least, primarily) by psychological factors. He also concluded that the equation of exchange should be jettisoned (or, at least, should h ...
... He later concluded that the interest rate wasn’t doing its job—because saving was not affected by the interest rate and investment was governed exclusively (or, at least, primarily) by psychological factors. He also concluded that the equation of exchange should be jettisoned (or, at least, should h ...
Public goods
... The charcoal company’s marginal cost will be MSC, and it will produce q’. The charcoal company will sell the remaining air use rights to the eyeglass maker for a fee of some amount between AEC (the lost profits of producing q’ rather than q*) and ABEC (the maximum amount the eyeglass maker would be ...
... The charcoal company’s marginal cost will be MSC, and it will produce q’. The charcoal company will sell the remaining air use rights to the eyeglass maker for a fee of some amount between AEC (the lost profits of producing q’ rather than q*) and ABEC (the maximum amount the eyeglass maker would be ...
SP14_2630_Study Guid..
... compared to the Great Depression and previous recessions? What economic indicators have rebounded since the Great Recession ended and what has not? Review the presentation titled “Today’s Economic Situation” which we went through in class (and which is posted on the class website). 2. Explain the ba ...
... compared to the Great Depression and previous recessions? What economic indicators have rebounded since the Great Recession ended and what has not? Review the presentation titled “Today’s Economic Situation” which we went through in class (and which is posted on the class website). 2. Explain the ba ...
IS-LM and AD-AS model
... Today we will develop IS-LM model, the theory that explains the aggregate demand curve First, we focus on the short run and assume hat price level is fixed Then, we allow price to be flexible, and derive AD curve Finally, we analyze the effect of fiscal and monetary policy on the most important ...
... Today we will develop IS-LM model, the theory that explains the aggregate demand curve First, we focus on the short run and assume hat price level is fixed Then, we allow price to be flexible, and derive AD curve Finally, we analyze the effect of fiscal and monetary policy on the most important ...
ASSESSING EMPIRICAL RELATIONSHIPS BETWEEN OUTPUT
... agents’ preferences pattern. Under this perspective, “money does not matter”; it means that the monetary policy cannot affect the real economic side in the long term. It is important to explain more precisely this orthodox idea: monetary policies influence the output gap trajectory, however the main ...
... agents’ preferences pattern. Under this perspective, “money does not matter”; it means that the monetary policy cannot affect the real economic side in the long term. It is important to explain more precisely this orthodox idea: monetary policies influence the output gap trajectory, however the main ...
Where`s the Growth? 2015 Pine Brook Annual Meeting By Howard
... Expenditure ($) per Average Worker ...
... Expenditure ($) per Average Worker ...
Labor Productivity - ScholarWorks@UMass Amherst
... and mobility of employment, raising not only productivity but employment 1 . This article shows that empirical evidence does not confirm the assumption that the U.S. productivity dynamic is superior to Europe’s. Labor productivity in the European economies has continued to slow down since the mid-19 ...
... and mobility of employment, raising not only productivity but employment 1 . This article shows that empirical evidence does not confirm the assumption that the U.S. productivity dynamic is superior to Europe’s. Labor productivity in the European economies has continued to slow down since the mid-19 ...
the influence of monetary and fiscal policy
... Due to these long lags, critics of active policy argue that such policies may destabilize the economy rather than help it: By the time the policies affect agg demand, the economy’s condition may have changed. ...
... Due to these long lags, critics of active policy argue that such policies may destabilize the economy rather than help it: By the time the policies affect agg demand, the economy’s condition may have changed. ...
C) Far beyond « Keynesian » fiscal policy :
... To explain the paradox, one must take care of the set of very stringent postulates upon which explicitly or implicitly the proof of the theorem had relied. I can think of six postulates: PI The sole impact of State outlays is through the private sector plans of spending. PII The structure of the St ...
... To explain the paradox, one must take care of the set of very stringent postulates upon which explicitly or implicitly the proof of the theorem had relied. I can think of six postulates: PI The sole impact of State outlays is through the private sector plans of spending. PII The structure of the St ...
Answers to Homework #3
... output per unit of labor as this economy hires more labor (36 units of labor instead of 25 units of labor) while capital and technology are held constant. Labor productivity fall since each unit of labor is now working with less capital per worker. 6. Suppose you know a country’s aggregate productio ...
... output per unit of labor as this economy hires more labor (36 units of labor instead of 25 units of labor) while capital and technology are held constant. Labor productivity fall since each unit of labor is now working with less capital per worker. 6. Suppose you know a country’s aggregate productio ...
‘Right back where we started from’: from ‘the Roy H. Grieve
... Despite the fact that, from its emergence in the 1870s, neoclassical economics differed in certain other significant respects from classical political economy, with regard to the issue of aggregate demand, acceptance of Say’s Law was, as Keynes implied in the passage just quoted, carried through int ...
... Despite the fact that, from its emergence in the 1870s, neoclassical economics differed in certain other significant respects from classical political economy, with regard to the issue of aggregate demand, acceptance of Say’s Law was, as Keynes implied in the passage just quoted, carried through int ...
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.