An interest rate rule to uniquely implement the optimal equilibrium in
... while at the ZLB. Finally, our proposal does not rely on fiscal policy being “active” or “nonRicardian” to obtain global determinacy. Our results are obtained under the assumption that the fiscal authority always adjusts taxes or spending ex-post to validate any path of the endogenous variables that m ...
... while at the ZLB. Finally, our proposal does not rely on fiscal policy being “active” or “nonRicardian” to obtain global determinacy. Our results are obtained under the assumption that the fiscal authority always adjusts taxes or spending ex-post to validate any path of the endogenous variables that m ...
On the Economics of Non-Renewable Resources
... Economists add another dimension to this distinction between renewable and nonrenewable resources. Since economics is concerned with the allocation of scarce resources, for an economist non-renewable resources not only have a fixed stock, they are also in limited supply relative to the demand for th ...
... Economists add another dimension to this distinction between renewable and nonrenewable resources. Since economics is concerned with the allocation of scarce resources, for an economist non-renewable resources not only have a fixed stock, they are also in limited supply relative to the demand for th ...
Asymmetric Effects of Uncertainty over the Business Cycle: A
... booms or busts. The current approach differs in two important aspects. First, each variable can be defined to be at some specific state of the cycle for the analysis, i.e., the quantiles may differ across equations. The MS approach estimates the entire system at one or the other regime. Second, the ...
... booms or busts. The current approach differs in two important aspects. First, each variable can be defined to be at some specific state of the cycle for the analysis, i.e., the quantiles may differ across equations. The MS approach estimates the entire system at one or the other regime. Second, the ...
Transitional Economies of Europe and
... economy suggests a contracting economy and, therefore, an unsuccessful transition. However, it is expected that each country will have some problems with economic stability while transitioning since this is not uncommon. It is the length of time and severity of inflation and unemployment that will h ...
... economy suggests a contracting economy and, therefore, an unsuccessful transition. However, it is expected that each country will have some problems with economic stability while transitioning since this is not uncommon. It is the length of time and severity of inflation and unemployment that will h ...
medo para poupar e medo de poupar - explicando trajetórias
... based on price freezes that gave rise to many distorted outcomes, such as insufficient supply of many consumption good and resulting black markets. The subsequent periods were characterized by strong changes of currency exchange and interest rates and increasing instability of economic fluctuation a ...
... based on price freezes that gave rise to many distorted outcomes, such as insufficient supply of many consumption good and resulting black markets. The subsequent periods were characterized by strong changes of currency exchange and interest rates and increasing instability of economic fluctuation a ...
How Does Macroeconomic Policy Affect Output?
... is inefficientlylow is relativelyuncontroversial. To beginwith, substantial tax rates on labor income create a wedge between the private and social returnsto increasedemployment.In addition,the pervasiveness of monopoly power in the economy creates some presumptionthat output is below its efficient ...
... is inefficientlylow is relativelyuncontroversial. To beginwith, substantial tax rates on labor income create a wedge between the private and social returnsto increasedemployment.In addition,the pervasiveness of monopoly power in the economy creates some presumptionthat output is below its efficient ...
Tuvalu By: Hannah Bauriedel Government Government Type: A
... elected by the people. Originally Tuvalu was ruled by Great Britian, but on October 1, 1978 they became an independent country. ...
... elected by the people. Originally Tuvalu was ruled by Great Britian, but on October 1, 1978 they became an independent country. ...
del11 Philippopoulos 16784773 en
... We wish to clarify two things at the outset. First, we focus on polar cases. For instance, in the status quo economy, we assume that there is public production only. But we are aware that actually some public services have been contracted out to private suppliers already. At the other end, in the re ...
... We wish to clarify two things at the outset. First, we focus on polar cases. For instance, in the status quo economy, we assume that there is public production only. But we are aware that actually some public services have been contracted out to private suppliers already. At the other end, in the re ...
- Shaping Futures
... Since the start of this millennium several major economists have broken ranks with the distributional disregards of the mainstream and have built upon the longstanding conceptual and empirical foundations of scholars such as Sen (2010) and Atkinson (2012). They have sought to fashion a renewed inte ...
... Since the start of this millennium several major economists have broken ranks with the distributional disregards of the mainstream and have built upon the longstanding conceptual and empirical foundations of scholars such as Sen (2010) and Atkinson (2012). They have sought to fashion a renewed inte ...
i Do countries` endowments of Non
... availability of resources, political stability, and market size. Notwithstanding the quantity and quality of studies on the determinants of FDI, few of them include a country’s supply of non-renewable energy resources (NRERs) such as coal, oil or natural gas (e.g., Mina, 2007; Ledyaeva, 2009). Some ...
... availability of resources, political stability, and market size. Notwithstanding the quantity and quality of studies on the determinants of FDI, few of them include a country’s supply of non-renewable energy resources (NRERs) such as coal, oil or natural gas (e.g., Mina, 2007; Ledyaeva, 2009). Some ...
second year m...s Chao Li - Lund University Publications
... between firms and their local environments” (Jaakko Simonen et al 2008: p147). Extending from the two concepts, the newly proposed components closely related to geography are factors such as local labor market and local entrepreneurs (Jaakko Simonen, Philip McCann, 2008). The reason for emphasizing ...
... between firms and their local environments” (Jaakko Simonen et al 2008: p147). Extending from the two concepts, the newly proposed components closely related to geography are factors such as local labor market and local entrepreneurs (Jaakko Simonen, Philip McCann, 2008). The reason for emphasizing ...
T C A B
... articles and in any macro text where various mechanisms that might lead to recessions are described. Theoretical arguments are tested for fluctuations in general by sophisticated time-series techniques which generally confirm their validity. This literature, however, shies away from discussion of an ...
... articles and in any macro text where various mechanisms that might lead to recessions are described. Theoretical arguments are tested for fluctuations in general by sophisticated time-series techniques which generally confirm their validity. This literature, however, shies away from discussion of an ...
Economics Modules
... With people living longer and new medical treatments being introduced, the health sector is becoming an ever-more important part of the global economy. Policies towards the sector are a major source of political debate both in Ireland and abroad where controversies over the Obamacare system and the ...
... With people living longer and new medical treatments being introduced, the health sector is becoming an ever-more important part of the global economy. Policies towards the sector are a major source of political debate both in Ireland and abroad where controversies over the Obamacare system and the ...
Credit and Business Cycles
... productive agents and unproductive agents. Both have the technology to invest goods in the present period to obtain returns in the following period and productive agents have the technology to achieve a higher rate of return. Over time, some of the present productive agents become unproductive, and ...
... productive agents and unproductive agents. Both have the technology to invest goods in the present period to obtain returns in the following period and productive agents have the technology to achieve a higher rate of return. Over time, some of the present productive agents become unproductive, and ...
Reconciling Hayek s and Keynes views of recessions
... differ substantially from the sticky-price interpretation commonly used to discuss multipliers. Moreover, by clarifying why this process does not depend on sticky prices, our analysis suggest that monetary policy may be of limited help in addressing the difficulties associated with a period of liqu ...
... differ substantially from the sticky-price interpretation commonly used to discuss multipliers. Moreover, by clarifying why this process does not depend on sticky prices, our analysis suggest that monetary policy may be of limited help in addressing the difficulties associated with a period of liqu ...
Country Report - WordPress.com
... so many factors that prove that Qatar is a MEDC, such as its GDP per capita, GDP growth, labor force and factors of production, but there are still problems that are likely for LEDC to struggle ...
... so many factors that prove that Qatar is a MEDC, such as its GDP per capita, GDP growth, labor force and factors of production, but there are still problems that are likely for LEDC to struggle ...
1133962068_375204
... There are three distinct segments of the aggregate supply curve: 3. Vertical segment. All resources are fully employed, so that real GDP cannot increase. ...
... There are three distinct segments of the aggregate supply curve: 3. Vertical segment. All resources are fully employed, so that real GDP cannot increase. ...
Empirical Analysis on the Relationship Between Logistics Industry
... 3.2 Analysis of economic logistics elasticity From equation (3) can be drawn, the relationship between GDP of Xuzhou and freight volume appears as an inverted U quadratic curve. According to the calculation, when the freight volume x<62940.14, GDP and freight volume changes in the same trend, that i ...
... 3.2 Analysis of economic logistics elasticity From equation (3) can be drawn, the relationship between GDP of Xuzhou and freight volume appears as an inverted U quadratic curve. According to the calculation, when the freight volume x<62940.14, GDP and freight volume changes in the same trend, that i ...
Principles of Economics, Case and Fair,8e
... In microeconomic theory, which of the following happens as the labor market eliminates unemployment and restores its equilibrium? a. The equilibrium wage rises above the wage that prevailed when there was unemployment. b. As it moves toward equilibrium, the market experiences an increase in the quan ...
... In microeconomic theory, which of the following happens as the labor market eliminates unemployment and restores its equilibrium? a. The equilibrium wage rises above the wage that prevailed when there was unemployment. b. As it moves toward equilibrium, the market experiences an increase in the quan ...
Papua New Guinea and the Natural Resource Curse
... Dutch disease can be a major problem if the development of non-NR tradable sectors, such as manufacturing, play a particular role in the industrialization process, for instance via spillovers (Sachs and Warner, 1995). For example, as Matsuyama (1992) suggested, if manufacturing is characterized by l ...
... Dutch disease can be a major problem if the development of non-NR tradable sectors, such as manufacturing, play a particular role in the industrialization process, for instance via spillovers (Sachs and Warner, 1995). For example, as Matsuyama (1992) suggested, if manufacturing is characterized by l ...