Secular Stagnation or Stagnation Policy? Steindl after Summers
... issue of long-run stagnation, or of “secular stagnation” (that is: low or even negative growth over a prolonged period of time), seems to be on the agenda (again) for academic economists, economic policy advisers, and policymaking institutions. Commonly, the start of the debate is associated with th ...
... issue of long-run stagnation, or of “secular stagnation” (that is: low or even negative growth over a prolonged period of time), seems to be on the agenda (again) for academic economists, economic policy advisers, and policymaking institutions. Commonly, the start of the debate is associated with th ...
1 2 1 AB - KCSD Connect
... Economists use GDP to gauge how well a country’s economy is doing. When GDP is growing, an economy creates more jobs and more business opportunities. When GDP declines, jobs and more business opportunities become less plentiful. To get a clearer picture of a country’s economic health, economists cal ...
... Economists use GDP to gauge how well a country’s economy is doing. When GDP is growing, an economy creates more jobs and more business opportunities. When GDP declines, jobs and more business opportunities become less plentiful. To get a clearer picture of a country’s economic health, economists cal ...
Automatic Stabilizers, Fiscal Rules and Macroeconomic Stability*
... happen in a RBC model and Stockman (2001) showed that the welfare implications of balanced-budget rules may be substantial. Furthermore, Schmitt-Grohé and Uribe (1997) found that there might be sunspot equilibria if tax rates adjust to achieve a balanced budget. Fiscal arrangements currently in plac ...
... happen in a RBC model and Stockman (2001) showed that the welfare implications of balanced-budget rules may be substantial. Furthermore, Schmitt-Grohé and Uribe (1997) found that there might be sunspot equilibria if tax rates adjust to achieve a balanced budget. Fiscal arrangements currently in plac ...
Chapter 10
... First, the price level is assumed to be constant until the economy reaches its full employment or Natural Real GDP level. Second, there is no foreign sector: the model represents a closed economy, not an open economy. So total spending in the economy is the sum of consumption, investment, and go ...
... First, the price level is assumed to be constant until the economy reaches its full employment or Natural Real GDP level. Second, there is no foreign sector: the model represents a closed economy, not an open economy. So total spending in the economy is the sum of consumption, investment, and go ...
Principles of Economics, Case and Fair,9e
... households. Finally, people in other countries purchase goods and services produced domestically (exports). Note: Although not shown in this diagram, firms and governments also purchase imports. ...
... households. Finally, people in other countries purchase goods and services produced domestically (exports). Note: Although not shown in this diagram, firms and governments also purchase imports. ...
Sample scheme of work and lesson plan booklet
... The Scheme of Work and sample Lesson plans provide examples of how to teach this unit and the teaching hours are suggestions only. Some or all of it may be applicable to your teaching. The Specification is the document on which assessment is based and specifies what content and skills need to be cov ...
... The Scheme of Work and sample Lesson plans provide examples of how to teach this unit and the teaching hours are suggestions only. Some or all of it may be applicable to your teaching. The Specification is the document on which assessment is based and specifies what content and skills need to be cov ...
On the benefits of being a resource-rich southern region of
... euphoric Enrico Mattei, an Italian public administrator and industrialist who developed the Italian fossil fuels company Ente Nazionale Idrocarburi (ENI) into a multinational company, when the …rst oil drilling activities were starting during the 1960s in the southern Italian region of Basilicata2 ...
... euphoric Enrico Mattei, an Italian public administrator and industrialist who developed the Italian fossil fuels company Ente Nazionale Idrocarburi (ENI) into a multinational company, when the …rst oil drilling activities were starting during the 1960s in the southern Italian region of Basilicata2 ...
Did Greenspan Deserve Support for Another Term?
... public utterances on money and the economy. I concluded that they added up to little more than empty rhetoric that served as a cover for the Fed’s cheap-money policy of the Clinton years, which had caused massive and unsustainable malinvestments in the real economy and an inflationary bubble in fina ...
... public utterances on money and the economy. I concluded that they added up to little more than empty rhetoric that served as a cover for the Fed’s cheap-money policy of the Clinton years, which had caused massive and unsustainable malinvestments in the real economy and an inflationary bubble in fina ...
Frank Plumpton Ramsey: The Economic Phenomenon Who Died
... in the field of general economic theory only. We can identify four topics in his three economic contributions. By all means these four Ramsey´s topics were ahead of his time, and have influenced the economics decades later. Ramsey´s first article contributes to the expected utility theory, in other ...
... in the field of general economic theory only. We can identify four topics in his three economic contributions. By all means these four Ramsey´s topics were ahead of his time, and have influenced the economics decades later. Ramsey´s first article contributes to the expected utility theory, in other ...
macroeconomics
... inflation An increase in the overall price level. hyperinflation A period of very rapid increases in the overall price level. Hyperinflations are rare, but have been used to study the costs and consequences of even moderate inflation deflation A decrease in the overall price level. Prolonged periods ...
... inflation An increase in the overall price level. hyperinflation A period of very rapid increases in the overall price level. Hyperinflations are rare, but have been used to study the costs and consequences of even moderate inflation deflation A decrease in the overall price level. Prolonged periods ...
Economists : Occupational Outlook Handbook : U.S. Bureau of
... Interpret and forecast market trends Advise businesses, governments, and individuals on economic topics Design policies or make recommendations for solving economic problems Write articles for publication in academic journals and other media sources Economists apply economic analysis to issues withi ...
... Interpret and forecast market trends Advise businesses, governments, and individuals on economic topics Design policies or make recommendations for solving economic problems Write articles for publication in academic journals and other media sources Economists apply economic analysis to issues withi ...
The Case of Greece
... 1971. The end of capital controls and the breakdown of the fixed exchange rates regime allowed finance effectively to decouple from industry and trade, creating violent flows of capital, as well as new forms of paper assets, that were to lead to the events of 2008. The era of financialization was up ...
... 1971. The end of capital controls and the breakdown of the fixed exchange rates regime allowed finance effectively to decouple from industry and trade, creating violent flows of capital, as well as new forms of paper assets, that were to lead to the events of 2008. The era of financialization was up ...
Resource efficiency for sustainable growth: global trends and
... year, 50% more than only 30 years ago. Almost half of this global resource extraction takes place in Asia. Growing demand for natural resources, particular from emerging economies in Asia, led to increasing commodity prices and increasing competition of world regions regarding access to resources. F ...
... year, 50% more than only 30 years ago. Almost half of this global resource extraction takes place in Asia. Growing demand for natural resources, particular from emerging economies in Asia, led to increasing commodity prices and increasing competition of world regions regarding access to resources. F ...
Neoclassical theories of stationary relative prices and the supply of
... In particular, re-reading those early attempts from a neo-Walrasian standpoint, various scholars identified the missing equation with a condition of zero net savings—we refer in particular to Hirshleifer (1967), but also Negishi (1982) and Malinvaud (2003)—which is required by the stationarity of th ...
... In particular, re-reading those early attempts from a neo-Walrasian standpoint, various scholars identified the missing equation with a condition of zero net savings—we refer in particular to Hirshleifer (1967), but also Negishi (1982) and Malinvaud (2003)—which is required by the stationarity of th ...
Chapter 5: Inequality in Zimbabwe
... the majority of them had to live and subsist in communal areas, the Tribal Trust Lands (TTLs). The colonial regime, and indeed the white settlers, had established the TTLs as essentially reserves of black cheap labour. It is in light of this thinking that the 1925 Morris Carter Lands Commission reco ...
... the majority of them had to live and subsist in communal areas, the Tribal Trust Lands (TTLs). The colonial regime, and indeed the white settlers, had established the TTLs as essentially reserves of black cheap labour. It is in light of this thinking that the 1925 Morris Carter Lands Commission reco ...
Entropy - The International Society for Ecological Economics
... for work is zero. In as far as the universe as a whole can be described as an isolated system, its final state is such a state of maximum entropy and zero potential for work – a state described as ‘heat death’. The evolution of an isolated system towards maximal entropy defines the so-called first ...
... for work is zero. In as far as the universe as a whole can be described as an isolated system, its final state is such a state of maximum entropy and zero potential for work – a state described as ‘heat death’. The evolution of an isolated system towards maximal entropy defines the so-called first ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... If weaker disturbances in the years since World War II were the whole answer, one could speak of a period of greater stability but not of progress toward greater stability. The latter implies improvements in the operational characteristics of the economy or in economic institutions or policies, as a ...
... If weaker disturbances in the years since World War II were the whole answer, one could speak of a period of greater stability but not of progress toward greater stability. The latter implies improvements in the operational characteristics of the economy or in economic institutions or policies, as a ...
Political Systems - McGraw Hill Higher Education
... In a pure market economy the goods and services that a country produces, and the quantity in which they are produced is determined by supply and demand In a pure command economy the goods and services that a country produces, the quantity in which they are produced, and the price at which they are ...
... In a pure market economy the goods and services that a country produces, and the quantity in which they are produced is determined by supply and demand In a pure command economy the goods and services that a country produces, the quantity in which they are produced, and the price at which they are ...