Presentation_What is economics about
... • Normative economics: what ought to (should) be, what is good or bad. The value judgments are necessary to assess the truth of statement. ...
... • Normative economics: what ought to (should) be, what is good or bad. The value judgments are necessary to assess the truth of statement. ...
Transcript
... The decrease in military spending that occurred after WWII dwarfs the decreases that followed either the Korean or Vietnam conflicts. For example, between 1953 and 1956 military spending fell by about 27 percent. Following the Vietnam conflict, military spending fell by only 10 percent. In contrast, ...
... The decrease in military spending that occurred after WWII dwarfs the decreases that followed either the Korean or Vietnam conflicts. For example, between 1953 and 1956 military spending fell by about 27 percent. Following the Vietnam conflict, military spending fell by only 10 percent. In contrast, ...
Beyond the numbers: The human cost of the crisis At a glance
... economy has taken a longer time to recover in most advanced markets, workers have been unemployed for a longer period of time. Our analysis shows that, in 2012, an average outof-work person in the OECD took around 10 months to find a job. This is significantly higher than the historic average of aro ...
... economy has taken a longer time to recover in most advanced markets, workers have been unemployed for a longer period of time. Our analysis shows that, in 2012, an average outof-work person in the OECD took around 10 months to find a job. This is significantly higher than the historic average of aro ...
Paul Bingham - South Carolina International Trade Conference
... World Trade Depends on The Strength of the Global Economy The World Economy is Struggling to Avoid a New Financial Crisis and Recession The U.S., European and Japanese economies all are growing slower in 2011 than in 2010. Consumer sentiment and equity markets have fallen. Emerging markets ar ...
... World Trade Depends on The Strength of the Global Economy The World Economy is Struggling to Avoid a New Financial Crisis and Recession The U.S., European and Japanese economies all are growing slower in 2011 than in 2010. Consumer sentiment and equity markets have fallen. Emerging markets ar ...
ECON3315 – International Economic Issues
... Debt crisis: what is the issue? The issue is that countries sometimes spend beyond their means and end up not being able to pay their debts. These are known as “sovereign debts” and as a country cannot go bankrupt (all debts from any government are automatically inherited by the next government ...
... Debt crisis: what is the issue? The issue is that countries sometimes spend beyond their means and end up not being able to pay their debts. These are known as “sovereign debts” and as a country cannot go bankrupt (all debts from any government are automatically inherited by the next government ...
Slide 1
... The house price gap is the percent increase in house prices during the period 1997 to end-2007 that is not accounted for by fundamentals. The range refers to the range of gap estimates generated by small perturbations of the estimated models and is an indicator of the robustness of the results. ...
... The house price gap is the percent increase in house prices during the period 1997 to end-2007 that is not accounted for by fundamentals. The range refers to the range of gap estimates generated by small perturbations of the estimated models and is an indicator of the robustness of the results. ...
PhelanPresentation
... predictions for a best case/least impact scenario), they whole heartedly discount the potential worst case scenarios.[1] In other words, these statistics don’t adequately take into account the IPCC’s or NASA’s scientifically agreed upon range of potential climate change outcomes so the conclusions d ...
... predictions for a best case/least impact scenario), they whole heartedly discount the potential worst case scenarios.[1] In other words, these statistics don’t adequately take into account the IPCC’s or NASA’s scientifically agreed upon range of potential climate change outcomes so the conclusions d ...
Session 12 - Economics For Everyone
... Consumer sentiment (rare) Supply shocks that affect many sectors Monetary policy Banking cycles Financial instability / meltdowns Globalization (trade deficit, investment flight) Government spending cuts ...
... Consumer sentiment (rare) Supply shocks that affect many sectors Monetary policy Banking cycles Financial instability / meltdowns Globalization (trade deficit, investment flight) Government spending cuts ...
Document
... • US is either in recession now or heading into one, and the other major economies are slowing down. • Inflation concerns are largely misplaced, and the rate hike by ECB has only made growth prospects marginally worse.. • ..but the Chinese economy is well-placed to weather the storm (good news for A ...
... • US is either in recession now or heading into one, and the other major economies are slowing down. • Inflation concerns are largely misplaced, and the rate hike by ECB has only made growth prospects marginally worse.. • ..but the Chinese economy is well-placed to weather the storm (good news for A ...
To Build Confidence, Aim for Full Employment
... want to be. For example, President-elect Barack Obama has framed his economic stimulus package in terms of the number of jobs he will create. The goal is to add 2.5 million jobs, he says, by hiring people to improve our highways, fix up our schools and do other infrastructure work around the country ...
... want to be. For example, President-elect Barack Obama has framed his economic stimulus package in terms of the number of jobs he will create. The goal is to add 2.5 million jobs, he says, by hiring people to improve our highways, fix up our schools and do other infrastructure work around the country ...
Community Leaders Breakfast Hotel De Anza, San Jose, CA
... But recent events—such as interest rate increases and turbulence in the market for high-tech stocks—may have helped ease pressures in both the labor and housing markets. ...
... But recent events—such as interest rate increases and turbulence in the market for high-tech stocks—may have helped ease pressures in both the labor and housing markets. ...
PROBLEMS AND POLICIES IN DEVELOPMENT ECONOMICSby …
... International trade International financial flows International migration Global environmental challenges New political tendencies in developing countries Emerging subnational dynamics Urban imperatives Implications for development policy ARDITO BHINADI ...
... International trade International financial flows International migration Global environmental challenges New political tendencies in developing countries Emerging subnational dynamics Urban imperatives Implications for development policy ARDITO BHINADI ...
Program in Economic Policy Management
... Describes the history and current situation of the level and distribution of global income; analyzes the theory of economic growth and the empirical evidence on the factors influencing growth, including physical and human capital accumulation, technical change, and population growth; explores the ef ...
... Describes the history and current situation of the level and distribution of global income; analyzes the theory of economic growth and the empirical evidence on the factors influencing growth, including physical and human capital accumulation, technical change, and population growth; explores the ef ...
Terms to Know
... • Give the characteristics of limited/unlimited government. • Give examples of limited/unlimited government. • Describe how geographic location affects the economy of an area. • Describe the effects of a hurricane on the daily lives of people. ...
... • Give the characteristics of limited/unlimited government. • Give examples of limited/unlimited government. • Describe how geographic location affects the economy of an area. • Describe the effects of a hurricane on the daily lives of people. ...
Liaquat Ahmad, Currency Wars, Then and Now, Foreign Affairs
... problems of adjustment faced by Germany and the United Kingdom during the early 1930s. They are, however, being given some temporary assistance through the European Central Bank and the European Financial Stability Facility to help them weather the storm. The other major exception is the so-called d ...
... problems of adjustment faced by Germany and the United Kingdom during the early 1930s. They are, however, being given some temporary assistance through the European Central Bank and the European Financial Stability Facility to help them weather the storm. The other major exception is the so-called d ...
Country report SINGAPORE - Rabobank, Economic Research
... expressed herein are subject to change without notice. Neither Rabobank Nederland, nor other legal entities in the group to which it belongs accept any liability whatsoever for any direct or consequential loss howsoever arising from any use of this document or its contents or otherwise arising in co ...
... expressed herein are subject to change without notice. Neither Rabobank Nederland, nor other legal entities in the group to which it belongs accept any liability whatsoever for any direct or consequential loss howsoever arising from any use of this document or its contents or otherwise arising in co ...
Fiscal and Monetary Policy Process
... and most economists today advocate a role for government in creating economic stabilization policy. Although economists may disagree about which particular tool is most appropriate, or the timing or strength of the tool to be used, most economists recognize the advantages of using fiscal and monetar ...
... and most economists today advocate a role for government in creating economic stabilization policy. Although economists may disagree about which particular tool is most appropriate, or the timing or strength of the tool to be used, most economists recognize the advantages of using fiscal and monetar ...
Comment - Lars E.O. Svensson
... fixed-income assets was higher on average (2000 to 2011) than that on US ones. An estimate of the flow welfare cost for 2010 and 2011 of the Chinese policy is about 1.1 percent of GDP. I do not find the model or the results particularly controversial. The model is very clean and the analysis very cl ...
... fixed-income assets was higher on average (2000 to 2011) than that on US ones. An estimate of the flow welfare cost for 2010 and 2011 of the Chinese policy is about 1.1 percent of GDP. I do not find the model or the results particularly controversial. The model is very clean and the analysis very cl ...
The Economy: Growth Has Been Weak But Long-Lasting
... history. Since World War II, the American economy has typically grown for about five years on average, as shown below, and then had a contraction. This expansion, which officially began in June 2009, is already over seven years old. Increasing numbers of Americans feel “poor.” I will provide one par ...
... history. Since World War II, the American economy has typically grown for about five years on average, as shown below, and then had a contraction. This expansion, which officially began in June 2009, is already over seven years old. Increasing numbers of Americans feel “poor.” I will provide one par ...
19380_Decade copy edited chapter 3
... and the underlying property was taken over by a newly created institution called the Resolution Trust Corporation. Rather than try to sell all this real estate at once, thereby destroying the market for the next decade, the RTC, backed by federal loans of about $650 billion, took control of the real ...
... and the underlying property was taken over by a newly created institution called the Resolution Trust Corporation. Rather than try to sell all this real estate at once, thereby destroying the market for the next decade, the RTC, backed by federal loans of about $650 billion, took control of the real ...
In Search Of The Reasons Of The Great Recession : Time For A Change In Policies?:
... straightforward. Any elementary asset pricing model shows that asset prices tend to rise if interest rates are falling, and fall if interest rates are rising. This means that lowered interest rates creates asset price ‗bubbles‘. This bubble ‗bursts‘, or the asset price starts falling sharply once th ...
... straightforward. Any elementary asset pricing model shows that asset prices tend to rise if interest rates are falling, and fall if interest rates are rising. This means that lowered interest rates creates asset price ‗bubbles‘. This bubble ‗bursts‘, or the asset price starts falling sharply once th ...
The Impact of Global Financial and Economic Instability on the CIS
... global imbalances, Western countries with high government or private debt will change the structure of their economies by strengthening export-oriented sectors and reducing consumption. At the same time, the dynamically developing Asian countries – China in particular – will increase their domestic ...
... global imbalances, Western countries with high government or private debt will change the structure of their economies by strengthening export-oriented sectors and reducing consumption. At the same time, the dynamically developing Asian countries – China in particular – will increase their domestic ...
Managing stresses: labor markets
... Global imbalance still large and might trigger sudden reversal in capital flows Correction in U.S. housing market might trigger sharper slowdown Disruption in oil supply might trigger renewed upward price spikes ...
... Global imbalance still large and might trigger sudden reversal in capital flows Correction in U.S. housing market might trigger sharper slowdown Disruption in oil supply might trigger renewed upward price spikes ...
Types of Economies
... – During the Great Depression, he felt it was the government’s duty to help. FDR eventually used many of Keynes’s ideas. Fiscal Policy – the strategy of how the government is going to spend its revenue. Deficit Spending – The government spending more money than it takes in. ...
... – During the Great Depression, he felt it was the government’s duty to help. FDR eventually used many of Keynes’s ideas. Fiscal Policy – the strategy of how the government is going to spend its revenue. Deficit Spending – The government spending more money than it takes in. ...
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... to 2001 (OECD data). The definition of public expenditures differs between countries. One difference concerns subsidies which are treated as expenditures in some countries and as foregone revenues in others. The size of the public deficit remains, ...
... to 2001 (OECD data). The definition of public expenditures differs between countries. One difference concerns subsidies which are treated as expenditures in some countries and as foregone revenues in others. The size of the public deficit remains, ...
Nouriel Roubini
Nouriel Roubini (born March 29, 1958) is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.The child of Iranian Jews, he was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a practising economist at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early research focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who in 2009 became Treasury Secretary.