Waco MSA Traded Industry Clusters
... Local industries are present in most (if not all) geographic areas, and primarily sell locally. Within these two groups, sets of traded industries are organized into traded clusters based on an overall measure of relatedness between individual industries across a range of linkages, including input-o ...
... Local industries are present in most (if not all) geographic areas, and primarily sell locally. Within these two groups, sets of traded industries are organized into traded clusters based on an overall measure of relatedness between individual industries across a range of linkages, including input-o ...
Instability of capitalism inflation, unemployment, and business cycles*
... characterized by the existence of small firms whose capabilities in affecting the supply and the price of output are null. Moreover, these small firms use labor intensive techniques, having no power to dictate the growth of the economy. Logically, any problem of economic instability such as inflatio ...
... characterized by the existence of small firms whose capabilities in affecting the supply and the price of output are null. Moreover, these small firms use labor intensive techniques, having no power to dictate the growth of the economy. Logically, any problem of economic instability such as inflatio ...
Central America Maquiladoras And Their Impact On Economic
... in order to contribute to the analysis of links, logic ...
... in order to contribute to the analysis of links, logic ...
NBER WORKING PAPER SERIES COORDINATION, FAIR TREATMENT AND INFLATION PERSISTENCE Steinar Holden
... inflation observed in the data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We develop a wage-contracting model in which workers are concerned about being treated fairly. This model generates a continuum of equilibria (consistent with ...
... inflation observed in the data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We develop a wage-contracting model in which workers are concerned about being treated fairly. This model generates a continuum of equilibria (consistent with ...
Economic Fluctuations, Unemployment, and Inflation
... Natural Rate of Unemployment: The level of unemployment that reflects “job shopping” in an economy filled with imperfect information and dynamic change. ...
... Natural Rate of Unemployment: The level of unemployment that reflects “job shopping” in an economy filled with imperfect information and dynamic change. ...
The Brazilian Economy in Transition
... The Brazilian economy has gone through a significant transformation during the past decade. Following nearly a quarter-century with very little growth in per capita GDP, there was a major change beginning in 2004. GDP per person (adjusted for inflation) grew at a rate of 2.5 percent annually from 20 ...
... The Brazilian economy has gone through a significant transformation during the past decade. Following nearly a quarter-century with very little growth in per capita GDP, there was a major change beginning in 2004. GDP per person (adjusted for inflation) grew at a rate of 2.5 percent annually from 20 ...
Better Jobs in Central America
... adaptation of new technologies. Finally, the region will need to ensure that its labor force (and its human capital) is protected against income shocks and chronic poverty through an effective social protection system, which implies that current programs need to be assessed and governments need to i ...
... adaptation of new technologies. Finally, the region will need to ensure that its labor force (and its human capital) is protected against income shocks and chronic poverty through an effective social protection system, which implies that current programs need to be assessed and governments need to i ...
NBER WORKING PAPER SERiES THE LABOR MARKET EFFECTS OF INTRODUCING NATIONAL HEALTH
... approximated lump sum' taxes for moderate and upper income individuals, since the total contribution did not vary with employment or hours of work (they only varied between individual and family coverage). For low-income individuals, premium contributions were subsidized; but these ...
... approximated lump sum' taxes for moderate and upper income individuals, since the total contribution did not vary with employment or hours of work (they only varied between individual and family coverage). For low-income individuals, premium contributions were subsidized; but these ...
Massachusetts Avenue
... A macroeconomic supply "disturbance' or "shock" is any event which creates an autonomous shift in the aggregate supply curve relating the economywide price level to the level of output or utilization. The autonomous nature of such shifts distinguishes them from other movements in the supply curve t ...
... A macroeconomic supply "disturbance' or "shock" is any event which creates an autonomous shift in the aggregate supply curve relating the economywide price level to the level of output or utilization. The autonomous nature of such shifts distinguishes them from other movements in the supply curve t ...
NBER WORKING PAPER SERIES TARIFFS, EMPLOYMENT AND THE CURRENT ACCOUNT:
... endogenize 6 (or, equivalently, the world rate of interest), leading to two separate market clearing equations for foreign goods, one for period one and ...
... endogenize 6 (or, equivalently, the world rate of interest), leading to two separate market clearing equations for foreign goods, one for period one and ...
NBER WORKING PAPER SERIES CONFIDENCE, CRASHES AND ANIMAL SPIRITS Roger E.A. Farmer
... on the extensive margin when I describe employment fluctuations. It is possible to allow for variable participation rates and variable hours but I have not added those complications since they would obscure the main message of the paper: In an economy with search, there may exist a continuum of equi ...
... on the extensive margin when I describe employment fluctuations. It is possible to allow for variable participation rates and variable hours but I have not added those complications since they would obscure the main message of the paper: In an economy with search, there may exist a continuum of equi ...
NBER WORKING PAPER SERIES FISCAL SHOCKS IN AN EFFICIENCY WAGE MODEL
... In this paper, we examine a variant of Alexopoulos' (1998) model of efficiency wages. We find that, like the other models discussed above, the efficiency wage model cannot account for the quantitative responses of hours worked and of real wages to a fiscal policy shock. In particular it shares the s ...
... In this paper, we examine a variant of Alexopoulos' (1998) model of efficiency wages. We find that, like the other models discussed above, the efficiency wage model cannot account for the quantitative responses of hours worked and of real wages to a fiscal policy shock. In particular it shares the s ...
Figure 7-12 The Price Level - College of Business Administration
... that fiscal policy can shift the IS curve and thus an antidepression tool to use. C. Pigou pointed out that the vertical AD’ may not be a dilemma at all. Since demand for commodities may depend on the level MS/P, this would make IS shift rightward whenever P falls, this guarantees a negative slope ...
... that fiscal policy can shift the IS curve and thus an antidepression tool to use. C. Pigou pointed out that the vertical AD’ may not be a dilemma at all. Since demand for commodities may depend on the level MS/P, this would make IS shift rightward whenever P falls, this guarantees a negative slope ...
Immigration in Sweden - University of Puget Sound
... origins are from Marxism, from a faction who believed that a socialist state could be achieved by the evolution of democratic ideals, rather than through revolutionary means. Proponents of the social democratic philosophy believed in labor protection laws, increased nationalization of industries, an ...
... origins are from Marxism, from a faction who believed that a socialist state could be achieved by the evolution of democratic ideals, rather than through revolutionary means. Proponents of the social democratic philosophy believed in labor protection laws, increased nationalization of industries, an ...
Introduction - Ministry of Social Development
... Distributing the benefits of employment across the population Employment has many benefits to individuals that go beyond the immediate benefits of labour market income. These include effects on freedom, initiative, skill, psychological health, and future employment and earnings prospects. However, l ...
... Distributing the benefits of employment across the population Employment has many benefits to individuals that go beyond the immediate benefits of labour market income. These include effects on freedom, initiative, skill, psychological health, and future employment and earnings prospects. However, l ...
Mankiw 6e PowerPoints - MyWeb | IT Help Central | TTU
... raises r, which induces an increase in the quantity of saving, which allows I to increase. ...
... raises r, which induces an increase in the quantity of saving, which allows I to increase. ...
Marino Regini
... European trade unions, as opposed to American-style business unionism, which is more narrowly concerned with wage demands for unionized workers alone (Crouch 1993). Hence, objectives of social equity and redistribution in order to off-set the inequalities of income and power produced by the market h ...
... European trade unions, as opposed to American-style business unionism, which is more narrowly concerned with wage demands for unionized workers alone (Crouch 1993). Hence, objectives of social equity and redistribution in order to off-set the inequalities of income and power produced by the market h ...
Kent Academic Repository
... The ACE models have many differences from traditional models [2], [6], [15], [18]. One of the key differences is that ACE models allow us to model complex sets of relationships that can not be explicitly modelled using traditional modelling approaches, such as differential equations, due to issues o ...
... The ACE models have many differences from traditional models [2], [6], [15], [18]. One of the key differences is that ACE models allow us to model complex sets of relationships that can not be explicitly modelled using traditional modelling approaches, such as differential equations, due to issues o ...
Labor Markets and Monetary Policy: A New
... This tightness index xt will play a central role in what follows. It is assumed to lie within the interval [0, 1]. Only workers in the unemployment pool at the beginning of the period can be hired (Ht ≤ Ut ). In addition, and given positive hires in the steady state, shocks are assumed to be small ...
... This tightness index xt will play a central role in what follows. It is assumed to lie within the interval [0, 1]. Only workers in the unemployment pool at the beginning of the period can be hired (Ht ≤ Ut ). In addition, and given positive hires in the steady state, shocks are assumed to be small ...
Long Run Supply - Imperial College London
... • Indeed, the preceding general result may overstate the case! Such expansionary policies actually drain resources away from private investment and may, in the long run, actually reduce economic growth. ...
... • Indeed, the preceding general result may overstate the case! Such expansionary policies actually drain resources away from private investment and may, in the long run, actually reduce economic growth. ...
Notes 11: Examples of Fiscal Policy
... stated in class (and above) when N > N*, workers will put pressure on firms to increase wages. Nominal wages will increase. Here we have N < N*. In this case, firms will want to CUT nominal wages. As we talked about early in the class, firms may not like to cut nominal wages. The process of wages ad ...
... stated in class (and above) when N > N*, workers will put pressure on firms to increase wages. Nominal wages will increase. Here we have N < N*. In this case, firms will want to CUT nominal wages. As we talked about early in the class, firms may not like to cut nominal wages. The process of wages ad ...
Exercise 6 (+additional question) in Mankiw - IEI
... stock per worker, output per worker, and consumption per worker as a function of the saving rate and the depreciation rate. C. Assume that the depreciation rate is 10 percent per year. Make a table showing steadystate capital per worker, output per worker, and consumption per worker for saving rates ...
... stock per worker, output per worker, and consumption per worker as a function of the saving rate and the depreciation rate. C. Assume that the depreciation rate is 10 percent per year. Make a table showing steadystate capital per worker, output per worker, and consumption per worker for saving rates ...
unemployed - DoguAkdeniz.Com
... Employment and Wages To be counted as unemployed, a person must be available for work and must be in one of three categories: 1) Without work but has made specific efforts to find a job within the previous ...
... Employment and Wages To be counted as unemployed, a person must be available for work and must be in one of three categories: 1) Without work but has made specific efforts to find a job within the previous ...
SOCIAL SECURITY’S FINANCIAL OUTLOOK: THE 2015 UPDATE IN PERSPECTIVE Introduction RETIREMENT
... Affordable Care Act and the accompanying Health Care and Education Reconciliation Act) in 2010 was assumed to reduce Social Security’s 75-year deficit by 0.14 percent, mainly through an expected increase in taxable wages as a number of provisions slow the rate of growth in the cost of employer-spons ...
... Affordable Care Act and the accompanying Health Care and Education Reconciliation Act) in 2010 was assumed to reduce Social Security’s 75-year deficit by 0.14 percent, mainly through an expected increase in taxable wages as a number of provisions slow the rate of growth in the cost of employer-spons ...
The Ministry of Higher and Special Education of Republic of
... 3-4 times the monthly pension, we estimate the wages in 2006 at $90- $120 per month, or $3-$4 per day. This conservative estimate should be compared with President Karimov's public declaration that the average wage in December 2007 (including both the private and the public sector) was equivalent to ...
... 3-4 times the monthly pension, we estimate the wages in 2006 at $90- $120 per month, or $3-$4 per day. This conservative estimate should be compared with President Karimov's public declaration that the average wage in December 2007 (including both the private and the public sector) was equivalent to ...