This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Import Competition and Response
... movement increases the marginal cost of domestically produced import substitutes. To achieve the optimal adjustment path, it is not necessary for the government to intervene in the adjustment process to promote the movement of resources into the import-competing industry. This reflects the general p ...
... movement increases the marginal cost of domestically produced import substitutes. To achieve the optimal adjustment path, it is not necessary for the government to intervene in the adjustment process to promote the movement of resources into the import-competing industry. This reflects the general p ...
... The annual Economic and Social Survey of Asia and the Pacific is an important medium for disseminating information on development performance and policies. This fiftieth issue assumes particular importance as it coincides with the fiftieth anniversary of the founding of ESCAP. During the past half-c ...
Causes and Consequences of the Financial Crisis and
... rapid return to prosperity? The aim was thus to identify the stylised facts of previous crises, both in terms of the causes of the crises and of the difficulties in recovering from such crises. The main conclusion from this paper is that stagnation after big financial crises becomes likely when the ...
... rapid return to prosperity? The aim was thus to identify the stylised facts of previous crises, both in terms of the causes of the crises and of the difficulties in recovering from such crises. The main conclusion from this paper is that stagnation after big financial crises becomes likely when the ...
Spillovers, Capital Flows and Prudential Regulation in Small Open Economies Presented by:
... dampening on asset prices and the real exchange rate. Tighter LTV ratios imposed on the economy manage to curtail the expansion in debt in both sectors but the effect is bigger on non-tradable firms. Actually, borrowing taken by these firms diminishes, forcing non-tradable entrepreneurs to hold on t ...
... dampening on asset prices and the real exchange rate. Tighter LTV ratios imposed on the economy manage to curtail the expansion in debt in both sectors but the effect is bigger on non-tradable firms. Actually, borrowing taken by these firms diminishes, forcing non-tradable entrepreneurs to hold on t ...
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... In the first approach, forecasts of various regional macro variables are used to incorporate some of the long-run changes expected in the global economy. Arndt et al. (1997) implement forecasts of changes to physical and human capital, agricultural land, population, labour force and Uruguay tariff r ...
... In the first approach, forecasts of various regional macro variables are used to incorporate some of the long-run changes expected in the global economy. Arndt et al. (1997) implement forecasts of changes to physical and human capital, agricultural land, population, labour force and Uruguay tariff r ...
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... The core idea of ecological economics is that the human economy is embedded in nature and that economic processes are simultaneously natural processes in the sense that they can be described as biological, physical and chemical processes. Thus society can be seen as an 'organism' with a 'social met ...
... The core idea of ecological economics is that the human economy is embedded in nature and that economic processes are simultaneously natural processes in the sense that they can be described as biological, physical and chemical processes. Thus society can be seen as an 'organism' with a 'social met ...
NBER WORKING PAPER ROLE OF CONSUMPTION IN ECONOMIC FLUCTUATIONS Robert E. Hall
... issues in finance. As Peter Barber and Robert King (1983) point out, shifts in preferences or other sources of unexplained fluctuations in consumption behavior invalidate the Euler equation approach used by myself and others in studying the reaction of consumers to surprises in income and to changes ...
... issues in finance. As Peter Barber and Robert King (1983) point out, shifts in preferences or other sources of unexplained fluctuations in consumption behavior invalidate the Euler equation approach used by myself and others in studying the reaction of consumers to surprises in income and to changes ...
Preview Sample 2
... If a comparative advantage implies that a country can produce a product at a lower opportunity cost than another country then why do we see two countries often trading the same goods? For instance, for most agricultural products the U.S. has a comparative advantage. Japan, one of America’s largest t ...
... If a comparative advantage implies that a country can produce a product at a lower opportunity cost than another country then why do we see two countries often trading the same goods? For instance, for most agricultural products the U.S. has a comparative advantage. Japan, one of America’s largest t ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Studies in the Economics of Aging
... It is very likely that W2 exceeds W,, since the former is defined as earnings between ages 30 and 60 and the latter as earnings between ages 0 and 30. If so, then S , > S , , because the usual equilibrium condition is that (1 + p) = 1/6. This is the intuitive and empirically valid result that indivi ...
... It is very likely that W2 exceeds W,, since the former is defined as earnings between ages 30 and 60 and the latter as earnings between ages 0 and 30. If so, then S , > S , , because the usual equilibrium condition is that (1 + p) = 1/6. This is the intuitive and empirically valid result that indivi ...
How to assess the impact of FDI on an economy?
... The literature mentions basically four channels that allow for technological spillovers from FDI to the host economy (Kinoshita, 2001; Halpern and Muraközy, 2005): - First, the classical indirect channel for the transmission of technology from FDI to the domestic economy functions via imitation. The ...
... The literature mentions basically four channels that allow for technological spillovers from FDI to the host economy (Kinoshita, 2001; Halpern and Muraközy, 2005): - First, the classical indirect channel for the transmission of technology from FDI to the domestic economy functions via imitation. The ...
Monetary Policy According to HANK ∗ Greg Kaplan Benjamin Moll
... household portfolios show that a sizable fraction of households (between 1/4 and 1/3) hold close to zero liquid wealth and face high borrowing costs (Kaplan et al., 2014). Since these households are at a kink in their budget constraint, they are insensitive to small changes in interest rates (consis ...
... household portfolios show that a sizable fraction of households (between 1/4 and 1/3) hold close to zero liquid wealth and face high borrowing costs (Kaplan et al., 2014). Since these households are at a kink in their budget constraint, they are insensitive to small changes in interest rates (consis ...
NBER WORKING PAPER SERIES BUSINESS CYCLE ACCOUNTING V.V. Chari Patrick J. Kehoe
... interpretation of these deviations, of course, is that they are simply errors, so that their size indicates the goodness-of-fit of the model. Under that interpretation, however, feeding the measured wedges back into the model makes no sense. Our equivalence result leads to a more economically usefu ...
... interpretation of these deviations, of course, is that they are simply errors, so that their size indicates the goodness-of-fit of the model. Under that interpretation, however, feeding the measured wedges back into the model makes no sense. Our equivalence result leads to a more economically usefu ...
"Monetary Policy According to HANK"
... household portfolios show that a sizable fraction of households (between 1/4 and 1/3) hold close to zero liquid wealth and face high borrowing costs (Kaplan et al., 2014). Since these households are at a kink in their budget constraint, they are insensitive to small changes in interest rates (consis ...
... household portfolios show that a sizable fraction of households (between 1/4 and 1/3) hold close to zero liquid wealth and face high borrowing costs (Kaplan et al., 2014). Since these households are at a kink in their budget constraint, they are insensitive to small changes in interest rates (consis ...
View/Open
... This ‘informal sector’ is also referred to as ‘informal economy’. It is the over-regulation of government and government bureaucracies which results to increased cost of operation forcing the micro-entrepreneurs in favor of its most rational response with minimization of cost by establishing informa ...
... This ‘informal sector’ is also referred to as ‘informal economy’. It is the over-regulation of government and government bureaucracies which results to increased cost of operation forcing the micro-entrepreneurs in favor of its most rational response with minimization of cost by establishing informa ...
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... was of an economy that failed to maintain monetary control, consumed beyond its means, focused production excessively on nontraded goods, and relied on inefficient and inflexible microeconomic structures. Nevertheless, Mozambique was also at war. The pace of stabilization and structural adjustment q ...
... was of an economy that failed to maintain monetary control, consumed beyond its means, focused production excessively on nontraded goods, and relied on inefficient and inflexible microeconomic structures. Nevertheless, Mozambique was also at war. The pace of stabilization and structural adjustment q ...