![NBER WORKING PAPER SERIES GLOBALIZATION AND INFLATION DYNAMICS: Argia M. Sbordone](http://s1.studyres.com/store/data/008233854_1-79dd8209c597e01b75e3e909f17a6fb7-300x300.png)
NBER WORKING PAPER SERIES GLOBALIZATION AND INFLATION DYNAMICS: Argia M. Sbordone
... Here I study instead a model of staggered prices. I consider a monopolistically competitive market where there is a fixed entry cost, and a given distribution of firms. A reduction in the individual firms production costs moves up the firms’ distribution curve, making profitable for more firms to en ...
... Here I study instead a model of staggered prices. I consider a monopolistically competitive market where there is a fixed entry cost, and a given distribution of firms. A reduction in the individual firms production costs moves up the firms’ distribution curve, making profitable for more firms to en ...
Consumption and its Externalities: Where Economy Meets Ecology
... focus on production. Economic sociology concerns itself with issues of labor and management, economic history with the rise of industrialism, economic anthropology with subsistence provisioning, and political economy with the political effects of increasing trade, ªnance, and development. Consumptio ...
... focus on production. Economic sociology concerns itself with issues of labor and management, economic history with the rise of industrialism, economic anthropology with subsistence provisioning, and political economy with the political effects of increasing trade, ªnance, and development. Consumptio ...
1. If Carol`s disposable income increases from $1,200 to $1,700 and
... a. and saving both increase. b. and saving both decrease. c. decreases and saving increases. d. increases and saving decreases. Answer: A 20. The relationship between consumption and disposable income is such that: a. an inverse and stable relationship exists between consumption and income. b. a dir ...
... a. and saving both increase. b. and saving both decrease. c. decreases and saving increases. d. increases and saving decreases. Answer: A 20. The relationship between consumption and disposable income is such that: a. an inverse and stable relationship exists between consumption and income. b. a dir ...
year12 inspection sample
... It is suggested students work through this exam preparation workbook throughout the year, either as end of topic revision or for homework as each topic is taught. It is vital students practise test technique throughout the year and that exam preparation is not rushed in Term Four. In 2.5 Government ...
... It is suggested students work through this exam preparation workbook throughout the year, either as end of topic revision or for homework as each topic is taught. It is vital students practise test technique throughout the year and that exam preparation is not rushed in Term Four. In 2.5 Government ...
Consumer Surplus Under Uncertainty
... presumably the amount of discounted income that consumer i is willing to give up to be indifferent between facing a controlled river with S* units of storage capacity and facing an uncontrolled river. Thus we are dealing with the compensated demand curve(s) for yi, along which EU' is a constant. In ...
... presumably the amount of discounted income that consumer i is willing to give up to be indifferent between facing a controlled river with S* units of storage capacity and facing an uncontrolled river. Thus we are dealing with the compensated demand curve(s) for yi, along which EU' is a constant. In ...
Fiscal Policy in a Currency Union at the Zero Lower Bound ∗
... We identify these results by characterizing social welfare as a second order approximation to the utility of the residents of the currency union. We focus on demand shocks which can move inflation and the output gap in the same direction. Thus, there is no direct trade-off between stabilizing the two ...
... We identify these results by characterizing social welfare as a second order approximation to the utility of the residents of the currency union. We focus on demand shocks which can move inflation and the output gap in the same direction. Thus, there is no direct trade-off between stabilizing the two ...
MICROECONOMICS OF COMPETITIVENESS THE SUGAR CANE CLUSTER IN COLOMBIA
... areas of guerrilla influence and limited government presence. This situation moderated the intensity of the conflict with the guerrilla during the early 90s. The government efforts (under pressure from the US) were focused towards defeating the drug cartels of Medellín and Cali. This gave the oppor ...
... areas of guerrilla influence and limited government presence. This situation moderated the intensity of the conflict with the guerrilla during the early 90s. The government efforts (under pressure from the US) were focused towards defeating the drug cartels of Medellín and Cali. This gave the oppor ...
Inflation Features
... 3. Increased risk - Higher uncertainties (uncertainties in business always exist, but with inflation risks are very high, because of the instability of prices). 4. Income diffusion effect (which is basically an operation of income redistribution). 5. Existing creditors will be hurt (because the valu ...
... 3. Increased risk - Higher uncertainties (uncertainties in business always exist, but with inflation risks are very high, because of the instability of prices). 4. Income diffusion effect (which is basically an operation of income redistribution). 5. Existing creditors will be hurt (because the valu ...
Globalization and Inflation Dynamics
... Here I study instead a model of staggered prices. I consider a monopolistically competitive market where there is a fixed entry cost, and a given distribution of firms. A reduction in the individual firms production costs moves up the firms’ distribution curve, making profitable for more firms to en ...
... Here I study instead a model of staggered prices. I consider a monopolistically competitive market where there is a fixed entry cost, and a given distribution of firms. A reduction in the individual firms production costs moves up the firms’ distribution curve, making profitable for more firms to en ...
NBER WORKING PAPER SERIES CAN SEVERE FISCAL CONTRACTIONS BE EXPANSIONARY?
... about fiscal policy is more appropriate —— i.e how often the contractionary effect of a fiscal consolidation prevails on its expansionary expectational effect. This paper brings new evidence to bear on this issue drawing on. the European exercise in fiscal rectitude of the 1980s, and focusing, in pa ...
... about fiscal policy is more appropriate —— i.e how often the contractionary effect of a fiscal consolidation prevails on its expansionary expectational effect. This paper brings new evidence to bear on this issue drawing on. the European exercise in fiscal rectitude of the 1980s, and focusing, in pa ...
Document
... Lithuania's growth will increasingly depend on knowledge-based activities, ensuring the supply of skilled labour will be crucial to improve its living standard. Lithuania's education system outcomes are worsening and the system is inefficient. Lithuania’s scores in the Programme for International ...
... Lithuania's growth will increasingly depend on knowledge-based activities, ensuring the supply of skilled labour will be crucial to improve its living standard. Lithuania's education system outcomes are worsening and the system is inefficient. Lithuania’s scores in the Programme for International ...
Paper 2 (sorted by syllabus section)
... Explain why a country coming out of a recession might experience a balance of payments deficit. [M 97, 5] ...
... Explain why a country coming out of a recession might experience a balance of payments deficit. [M 97, 5] ...
Can Total Factor Productivity Explain Value Added Growth in
... sustained economic growth, resources were transferred from the agricultural sector to the manufacturing and service sectors. Only when the economy matured and reached the status of a high-income nation did the role of the service sector become more dominant. Today, for some low income, rapid growing ...
... sustained economic growth, resources were transferred from the agricultural sector to the manufacturing and service sectors. Only when the economy matured and reached the status of a high-income nation did the role of the service sector become more dominant. Today, for some low income, rapid growing ...
FRBSF E L CONOMIC ETTER
... The output gap measures how far the economy is from its full employment or “potential” level that depends on supply-side factors of the economy: the supply of workers and their productivity. During a boom, economic activity may for a time rise above this potential level and the output gap is positiv ...
... The output gap measures how far the economy is from its full employment or “potential” level that depends on supply-side factors of the economy: the supply of workers and their productivity. During a boom, economic activity may for a time rise above this potential level and the output gap is positiv ...
Measuring the real Impact of Imports on Jobs
... that the import growth of goods, adjusted for price changes, have been underestimated by roughly $117 billion since 2007 (in 2011 dollars). Moreover, we find undercounting real imports leads to a distortion in most of the official statistics that keep track of economic activity, including real GDP, ...
... that the import growth of goods, adjusted for price changes, have been underestimated by roughly $117 billion since 2007 (in 2011 dollars). Moreover, we find undercounting real imports leads to a distortion in most of the official statistics that keep track of economic activity, including real GDP, ...
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.