![Y - IS MU](http://s1.studyres.com/store/data/008222211_1-09ce3aceaf4cd2c120787e46ee5e84ed-300x300.png)
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 ...
Remittance and migration prospects for the 21st century
... more financial support from their own migrants than from the international community. There are, however, huge disparities between income groups: the amount of recorded remittances is 5 to 7 times greater than foreign aid in middle income countries but it only represents 60 percent of foreign aid in ...
... more financial support from their own migrants than from the international community. There are, however, huge disparities between income groups: the amount of recorded remittances is 5 to 7 times greater than foreign aid in middle income countries but it only represents 60 percent of foreign aid in ...
towards a circular economy: business rationale for an accelerated
... time, 31 percent of food is wasted along the value chain, and the average office is used only 35–50 percent of the time, even during working hours.3 Price risks. Recently, many companies have begun to notice that a linear system increases their exposure to risks, most notably volatile resource price ...
... time, 31 percent of food is wasted along the value chain, and the average office is used only 35–50 percent of the time, even during working hours.3 Price risks. Recently, many companies have begun to notice that a linear system increases their exposure to risks, most notably volatile resource price ...
New Evidence from ECOWAS Countries Using
... Economic growth is driven by certain economic activities which among other things, include policies and directives instituted by the government; as the government policies and institutions that make up the infrastructure of an economy determine investment and productivity, and therefore also determi ...
... Economic growth is driven by certain economic activities which among other things, include policies and directives instituted by the government; as the government policies and institutions that make up the infrastructure of an economy determine investment and productivity, and therefore also determi ...
Explaining trends in UK business investment
... continue, on the back of continued technological improvements in that sector. But if firms had expected the future rate of relative price deflation to be even more rapid than in the past, these expected capital losses would have encouraged firms to reduce their demand for capital. And this would ten ...
... continue, on the back of continued technological improvements in that sector. But if firms had expected the future rate of relative price deflation to be even more rapid than in the past, these expected capital losses would have encouraged firms to reduce their demand for capital. And this would ten ...
Fiscal Policy in an Unemployment Crisis
... are rigid, the effect of fiscal policy can be considerably larger. Nevertheless, the eventual effect on economic activity depends crucially on the conduct of monetary policy, and the fiscal multiplier remains below one under a wide range of circumstances.3 These circumstances do not extend to a situ ...
... are rigid, the effect of fiscal policy can be considerably larger. Nevertheless, the eventual effect on economic activity depends crucially on the conduct of monetary policy, and the fiscal multiplier remains below one under a wide range of circumstances.3 These circumstances do not extend to a situ ...
NBER WORKING PAPER SERIES Christopher J. Erceg Christopher Gust
... markups in the spirit of Dornbusch. We find that these mechanisms can amplify differences in the response of domestic inflation as the degree of openness varies. For example, domestic inflation falls by less in response to a positive technology shock in a highly open economy, reflecting that the ass ...
... markups in the spirit of Dornbusch. We find that these mechanisms can amplify differences in the response of domestic inflation as the degree of openness varies. For example, domestic inflation falls by less in response to a positive technology shock in a highly open economy, reflecting that the ass ...
KOF - ETH Zürich
... • The Equilibrium Price Level, Inflation Rate, and the Quantity Theory of Money • The velocity of money is relatively stable over time. • When the SNB changes the quantity of money, it causes proportionate changes in the nominal value of output (P Y). • Because money is neutral, money does not aff ...
... • The Equilibrium Price Level, Inflation Rate, and the Quantity Theory of Money • The velocity of money is relatively stable over time. • When the SNB changes the quantity of money, it causes proportionate changes in the nominal value of output (P Y). • Because money is neutral, money does not aff ...
The Global Productivity Distribution and Ricardian Comparative
... firms’ R&D choices in a many country, many industry Armington trade model. I keep the general equilibrium structure simple. There are no trade costs. Within each country-industry pair there is perfect competition between firms that produce an homogeneous output under decreasing returns to scale. Lab ...
... firms’ R&D choices in a many country, many industry Armington trade model. I keep the general equilibrium structure simple. There are no trade costs. Within each country-industry pair there is perfect competition between firms that produce an homogeneous output under decreasing returns to scale. Lab ...
S R G C
... aging, however. Under current official forecasts, the cost of providing public health insurance to the elderly will exceed the predicted cost of public pensions by 2020. As a result, combined public spending on pensions and health care for the elderly will increase dramatically when measured as a pe ...
... aging, however. Under current official forecasts, the cost of providing public health insurance to the elderly will exceed the predicted cost of public pensions by 2020. As a result, combined public spending on pensions and health care for the elderly will increase dramatically when measured as a pe ...
Diego Restuccia
... data from the U.S. Census of Agriculture we document a 16-fold difference in value added per worker between the largest and smallest scale of operation of farms reported. Available data from other sources, based on national censuses and farm surveys, indicate that labor productivity rises with size ...
... data from the U.S. Census of Agriculture we document a 16-fold difference in value added per worker between the largest and smallest scale of operation of farms reported. Available data from other sources, based on national censuses and farm surveys, indicate that labor productivity rises with size ...
File - Georgia Test Practice
... D Scarcity does not affect Shay because she has all the ingredients she needs. (correct answer A) In the production of chocolate chip cookies, which represents the factor of capital? A the dough used to bake the cookies B the oven used to bake the cookies C the worker who decorates the cookies D the ...
... D Scarcity does not affect Shay because she has all the ingredients she needs. (correct answer A) In the production of chocolate chip cookies, which represents the factor of capital? A the dough used to bake the cookies B the oven used to bake the cookies C the worker who decorates the cookies D the ...
Sum_Up
... Classical economic theory has always claimed that the economy is always at full-employment. Guarantee that, all output produced by firms will be taken up by consumers on the principles that, supply creates its own demand. In the short-run there will be temporary disequilibrium in the capital, ...
... Classical economic theory has always claimed that the economy is always at full-employment. Guarantee that, all output produced by firms will be taken up by consumers on the principles that, supply creates its own demand. In the short-run there will be temporary disequilibrium in the capital, ...
OECD report - Ons Onderwijs 2032
... In order to reduce skills mismatches, education systems need to increase their responsiveness to labour market needs. This includes policies to increase high-quality apprenticeships and internships. Evidence shows young people on such schemes are more likely to acquire useful skills and attitudes t ...
... In order to reduce skills mismatches, education systems need to increase their responsiveness to labour market needs. This includes policies to increase high-quality apprenticeships and internships. Evidence shows young people on such schemes are more likely to acquire useful skills and attitudes t ...
Cambridge Pre-U Specimen Papers and Mark Schemes Cambridge
... is heading towards a ‘doomsday scenario’ of overheating, overpopulation and declining natural resources. It has been suggested that problems such as deforestation and pollution result from poverty and the early stages of industrialisation and once economies reach a certain point of development they ...
... is heading towards a ‘doomsday scenario’ of overheating, overpopulation and declining natural resources. It has been suggested that problems such as deforestation and pollution result from poverty and the early stages of industrialisation and once economies reach a certain point of development they ...
increase
... 5. (*51%) Which of the following would be most likely to occur if the U.S. placed high tariffs on imported goods? a. Workers in the U.S. would have more jobs in the long run. b. Income in the U.S. would be redistributed from the rich to the poor. c. The U.S. standard of living would increase. d. The ...
... 5. (*51%) Which of the following would be most likely to occur if the U.S. placed high tariffs on imported goods? a. Workers in the U.S. would have more jobs in the long run. b. Income in the U.S. would be redistributed from the rich to the poor. c. The U.S. standard of living would increase. d. The ...
Fluctuations in Emerging Economies: Regional and Global Factors
... Given the literature’s focus on Latin American economies, many stylised facts derived from that region are believed to be common to all EMEs, or have been extended to other developing nations, a rather strong hypothesis. This paper argues there are significant differences in stylised facts between e ...
... Given the literature’s focus on Latin American economies, many stylised facts derived from that region are believed to be common to all EMEs, or have been extended to other developing nations, a rather strong hypothesis. This paper argues there are significant differences in stylised facts between e ...
APPENDIX D TO CHAPTER 10 The Self
... The long-run aggregate supply curve (LRAC) is presented in Exhibit A-1(b). The long-run aggregate supply curve shows the level of real GDP produced at different possible price levels during a time period in which nominal incomes change by the same percentage as a change in the price level changes. L ...
... The long-run aggregate supply curve (LRAC) is presented in Exhibit A-1(b). The long-run aggregate supply curve shows the level of real GDP produced at different possible price levels during a time period in which nominal incomes change by the same percentage as a change in the price level changes. L ...
The structural transformation process
... change. There are several productivity measures among which researchers can choose, based on the objectives of their research and often on the availability of data. Productivity measures can be single factor measures, relating a measure of output to one measure of input (e.g. labour productivity) or ...
... change. There are several productivity measures among which researchers can choose, based on the objectives of their research and often on the availability of data. Productivity measures can be single factor measures, relating a measure of output to one measure of input (e.g. labour productivity) or ...
Power Point: Keynesian Model
... 5. Political Stability and the rule of law – Business cannot be conducted without a guarantee ...
... 5. Political Stability and the rule of law – Business cannot be conducted without a guarantee ...
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.