NBER WORKING PAPER SERIES JAMES TOBIN: AN APPRECIATION OF HIS
... utility must be quadratic or the joint distribution of returns must be normal. Tobin was quite unapologetic about these restrictions on the domain of applicability of the approach, as is clear from this slightly irritated comment on Borch and Feldstein’s [1969] critique on the Tobin [1958b] paper: ...
... utility must be quadratic or the joint distribution of returns must be normal. Tobin was quite unapologetic about these restrictions on the domain of applicability of the approach, as is clear from this slightly irritated comment on Borch and Feldstein’s [1969] critique on the Tobin [1958b] paper: ...
Globalization has contributed to rapid expansion of FDI flows
... 2004 reaching to $11 877 million which made only 1.8 % of total world FDI. Intra Arab FDI is largely driven by oil-based surplus capital and remittances on the one hand, and fundamentals and relations on the other hand. It showed positive trend during the period and composed roughly about one third ...
... 2004 reaching to $11 877 million which made only 1.8 % of total world FDI. Intra Arab FDI is largely driven by oil-based surplus capital and remittances on the one hand, and fundamentals and relations on the other hand. It showed positive trend during the period and composed roughly about one third ...
The Safety Trap - The Review of Economic Studies
... In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets, safe ...
... In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets, safe ...
LF printer PDF - Online Library of Liberty
... The book, originally published in 1963 (with no subsequent editions), had been part of a series of works by the Volker Fund to make sure that economic teaching did not come completely under the sway of Keynesianism.2 Published one year earlier, in 1962, Murray Rothbard’s Man, Economy, and State pro ...
... The book, originally published in 1963 (with no subsequent editions), had been part of a series of works by the Volker Fund to make sure that economic teaching did not come completely under the sway of Keynesianism.2 Published one year earlier, in 1962, Murray Rothbard’s Man, Economy, and State pro ...
AD and AS test bank vers 2
... 22. Below are pairs of GDP growth rates and unemployment rates. Economists would be shocked to see most of these pairs. Which pair of GDP growth rates and unemployment rates is realistic? a. 5 percent, 1 percent b. 3 percent, 5 percent c. -1 percent, 3 percent d. -2 percent, 4 percent ANS: B PTS: 1 ...
... 22. Below are pairs of GDP growth rates and unemployment rates. Economists would be shocked to see most of these pairs. Which pair of GDP growth rates and unemployment rates is realistic? a. 5 percent, 1 percent b. 3 percent, 5 percent c. -1 percent, 3 percent d. -2 percent, 4 percent ANS: B PTS: 1 ...
chapter 9W The Multiplier Model
... multiplier model built them into the analysis. It portrayed an aggregate economy that was what economists call locally unstable, but globally stable. In the multiplier model, output did not tend to gravitate toward a single equilibrium, but neither did it explode or implode uncontrollably so that no ...
... multiplier model built them into the analysis. It portrayed an aggregate economy that was what economists call locally unstable, but globally stable. In the multiplier model, output did not tend to gravitate toward a single equilibrium, but neither did it explode or implode uncontrollably so that no ...
course description - Walker County Schools
... what, how, how much, and for whom to produce A. Identifying the positive and negative aspects of economic growth Example: opportunity cost B. Explaining how voluntary trade between nations illustrates the benefits of comparative advantage Example: geographic allocation of resources determining trade ...
... what, how, how much, and for whom to produce A. Identifying the positive and negative aspects of economic growth Example: opportunity cost B. Explaining how voluntary trade between nations illustrates the benefits of comparative advantage Example: geographic allocation of resources determining trade ...
- Rainer Maurer
... Change demand should lead 1929to an increase in 3,2savings, which reduce the rate 1930should ...
... Change demand should lead 1929to an increase in 3,2savings, which reduce the rate 1930should ...
The equilibrium approach to money and the business cycle
... In any case, this distinction between statics and dynamics is not equivalent to the one ascribed above to the “Anglo-Saxon-French” tradition, namely of statics as an analysis that abstracts from time, and dynamics as that of (any) movements in time. Thus, following Löwe, the static (or equilibrium) ...
... In any case, this distinction between statics and dynamics is not equivalent to the one ascribed above to the “Anglo-Saxon-French” tradition, namely of statics as an analysis that abstracts from time, and dynamics as that of (any) movements in time. Thus, following Löwe, the static (or equilibrium) ...
Knowledge, Capabilities and Human Capital Formation in Economic
... This monograph, which has been prepared as a Research Report to the New Zealand (NZ) Treasury, undertakes three main tasks: (1) describing the various forms of tangible and intangible human capital, their relationship to “capabilities” affecting human well-being, and the channels through which they ...
... This monograph, which has been prepared as a Research Report to the New Zealand (NZ) Treasury, undertakes three main tasks: (1) describing the various forms of tangible and intangible human capital, their relationship to “capabilities” affecting human well-being, and the channels through which they ...
Informal Economy Literature Review
... Income generated by economic activities may be differentiated by the legality of the production or provision of goods and services and the legal status of the goods and services themselves. For example, a hot dog vendor on the street is selling a perfectly legal product—a hot dog that he or she has ...
... Income generated by economic activities may be differentiated by the legality of the production or provision of goods and services and the legal status of the goods and services themselves. For example, a hot dog vendor on the street is selling a perfectly legal product—a hot dog that he or she has ...
612_abel-andrew-b-bernanke-ben-s-macroeconomics
... the EMS 508 European Monetary Unification 510 The i'vloney Multiplier During the Great Depression 529 Money-Growth Targeting and Inflation Targeting 554 Labor Supply and Tax Reform in the 19805 577 Hyperinflation in the United States 594 ...
... the EMS 508 European Monetary Unification 510 The i'vloney Multiplier During the Great Depression 529 Money-Growth Targeting and Inflation Targeting 554 Labor Supply and Tax Reform in the 19805 577 Hyperinflation in the United States 594 ...
Lesson Plans Grade 11 Microeconomics Grade 12 Macroeconomics
... scarce because we have limited resources and unlimited wants. Therefore, one can’t have everything one wants. Whenever a choice is made, something else is sacrificed. The “something else” that we sacrifice is called the opportunity cost. To be scarce, something must be limited and desirable. Scarce ...
... scarce because we have limited resources and unlimited wants. Therefore, one can’t have everything one wants. Whenever a choice is made, something else is sacrificed. The “something else” that we sacrifice is called the opportunity cost. To be scarce, something must be limited and desirable. Scarce ...
OCR A Level Economics H460
... students across the ability range. The classroom is where the majority of students will be introduced to the study of economics. It’s within this environment that they will confront issues, tackle the challenges that these issues raise, and engage in debate and discussion with fellow students. ...
... students across the ability range. The classroom is where the majority of students will be introduced to the study of economics. It’s within this environment that they will confront issues, tackle the challenges that these issues raise, and engage in debate and discussion with fellow students. ...
- Official Site of BAGUS NURCAHYO
... N. Gregory Mankiw is Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. Today, he regul ...
... N. Gregory Mankiw is Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. Today, he regul ...
splitting the bill: alcohol`s impact on the economy
... profits associated with the alcohol industry. In cabinet, we can imagine this tension playing out in terms of the Health and Home Secretaries arguing for measures to reduce drinking, while the Chancellor and Business Secretary try to encourage it. This picture is clearly too crude (not least because ...
... profits associated with the alcohol industry. In cabinet, we can imagine this tension playing out in terms of the Health and Home Secretaries arguing for measures to reduce drinking, while the Chancellor and Business Secretary try to encourage it. This picture is clearly too crude (not least because ...
Strategia de susţinere a sectorului întreprinderilor mici şi mijlocii
... consumption towards a new paradigm focused on exports, investments and innovations, as well as taking into account current economic trends and the future prospect of European integration. The SMEs sector is of specific importance for the development of the Republic of Moldova. In the period of creat ...
... consumption towards a new paradigm focused on exports, investments and innovations, as well as taking into account current economic trends and the future prospect of European integration. The SMEs sector is of specific importance for the development of the Republic of Moldova. In the period of creat ...
List of Indicators for the Interstate Exchange of Statistical Information
... one-time goods and services (in basic prices or final consumption prices): - symmetric tables “Input-Output”: - by brief scheme - by broadened scheme - tables “Resources and use of goods and services”: - by brief scheme - by broadened scheme ...
... one-time goods and services (in basic prices or final consumption prices): - symmetric tables “Input-Output”: - by brief scheme - by broadened scheme - tables “Resources and use of goods and services”: - by brief scheme - by broadened scheme ...
View/Open
... is generally higher quality cuts while the beef imported by the U.S. is generally lower quality meat used in processing. The U.S. portion of the model is comprised of three vertically linked sectors: calf production, cattle finishing, and packing. The cow-calf or calf sector produces weaned calves ...
... is generally higher quality cuts while the beef imported by the U.S. is generally lower quality meat used in processing. The U.S. portion of the model is comprised of three vertically linked sectors: calf production, cattle finishing, and packing. The cow-calf or calf sector produces weaned calves ...
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.