State Economic Activity: A Dynamic Factor Modeling Approach
... 2. Why a New State Economic Activity Index is Needed? This section discusses why a new economic activity index is needed and describes the limitations of currently available state coincident indices. A state’s economic activity is a key factor in the decision-making process and is the most reliable ...
... 2. Why a New State Economic Activity Index is Needed? This section discusses why a new economic activity index is needed and describes the limitations of currently available state coincident indices. A state’s economic activity is a key factor in the decision-making process and is the most reliable ...
Michael
... This paper was written while the author was a consultant to the Strategy and Trade Division of the Country Policy Department of the World Bank. The World Bank does not accept responsibility for the views expressed, which are those of the author and should not be attributed to the World Bank or its a ...
... This paper was written while the author was a consultant to the Strategy and Trade Division of the Country Policy Department of the World Bank. The World Bank does not accept responsibility for the views expressed, which are those of the author and should not be attributed to the World Bank or its a ...
The World Bank and IMF Policies in Cote d`Ivoire
... The rigid structural policies prescribed by the World Bank and IMF left Cote d’Ivoire with no choice but to perform the set of reform policies in exchange for aid and loans. As explained in detail below, the reforms consisted of ill-advised policies that produced devastating effects on the poor. III ...
... The rigid structural policies prescribed by the World Bank and IMF left Cote d’Ivoire with no choice but to perform the set of reform policies in exchange for aid and loans. As explained in detail below, the reforms consisted of ill-advised policies that produced devastating effects on the poor. III ...
Measuring Systematic Monetary Policy
... systematic monetary policy, not just monetary surprises, will have real effects. A second approach developed more slowly out of the new classical analysis itself. Initial empirical tests of Lucas’s analysis appeared to support the surprise-only hypothesis (Lucas, 1973, and Barro, 1977, 1978). Lucas ...
... systematic monetary policy, not just monetary surprises, will have real effects. A second approach developed more slowly out of the new classical analysis itself. Initial empirical tests of Lucas’s analysis appeared to support the surprise-only hypothesis (Lucas, 1973, and Barro, 1977, 1978). Lucas ...
The!Price!of!Poli6cal!Uncertainty:!Theory! and!Evidence!from!the!Op6on!Market! BFI Working Paper Series
... the variance risk premium. These variables capture the value of option protection against three aspects of risk associated with political events: price risk, tail risk, and variance risk, respectively. In response to a political event, stock prices might drop (price risk), the price drop might be la ...
... the variance risk premium. These variables capture the value of option protection against three aspects of risk associated with political events: price risk, tail risk, and variance risk, respectively. In response to a political event, stock prices might drop (price risk), the price drop might be la ...
The Impact of the EU-Moldova DCFTA on the Transnistrian Economy
... Transnistria would not only be able to maintain its exports to the EU, but also expand them, since new items are included in the agreement, such as agriculture. Additionally, by aligning standards and procedures, the DCFTA would substantially reduce non-tariff barriers, reducing trade costs and, in ...
... Transnistria would not only be able to maintain its exports to the EU, but also expand them, since new items are included in the agreement, such as agriculture. Additionally, by aligning standards and procedures, the DCFTA would substantially reduce non-tariff barriers, reducing trade costs and, in ...
Unit - Kurukshetra University
... Note: (i) Nine Question will be set in all and students will be required to attempt 5 questions. (ii) Question No. 1 will be compulsory and will consist of 8 short answer type questions of 2 marks spread over the entire syllabus (2*8=16 marks). (iii) For the remaining four questions, students will a ...
... Note: (i) Nine Question will be set in all and students will be required to attempt 5 questions. (ii) Question No. 1 will be compulsory and will consist of 8 short answer type questions of 2 marks spread over the entire syllabus (2*8=16 marks). (iii) For the remaining four questions, students will a ...
Expectations and Fundamentals in Banking Panics: Todd Keister Vijay Narasiman
... tends to make the financial system more susceptible to a run. At the same time, however, intervention can provide an important source of risk sharing in the economy. By mitigating the potential losses depositors suffer during a crisis, a “bailout” can both smooth depositors’ consumption across state ...
... tends to make the financial system more susceptible to a run. At the same time, however, intervention can provide an important source of risk sharing in the economy. By mitigating the potential losses depositors suffer during a crisis, a “bailout” can both smooth depositors’ consumption across state ...
Growth, History, or Institutions? What Explains State Fragility in
... Our results can be summarized as follows. We find that institutional variables are the key determinants of fragility: the probability for a country to be fragile decreases with the level of civil liberties and increases with the number of revolutions. Economic determinants such as per capita GDP gro ...
... Our results can be summarized as follows. We find that institutional variables are the key determinants of fragility: the probability for a country to be fragile decreases with the level of civil liberties and increases with the number of revolutions. Economic determinants such as per capita GDP gro ...
Does Antidumping Use Contribute to Trade Liberalization in
... Table 1 provides some basic information about the countries in the data set that were chosen because of available data on sectoral tariff rates.7 We see in Table 1 that this was a period of substantial tariff ...
... Table 1 provides some basic information about the countries in the data set that were chosen because of available data on sectoral tariff rates.7 We see in Table 1 that this was a period of substantial tariff ...
( ICT sector ) by Nigel Daura - Development Foundation For
... • ICT cross cuts all sectors and is an enabler for economic development • The fibre optic backbone is now in place • We now need to consider projects that will make full use of the network and contribute to economic development • An ICT Act of Parliament which resides under one Ministry ...
... • ICT cross cuts all sectors and is an enabler for economic development • The fibre optic backbone is now in place • We now need to consider projects that will make full use of the network and contribute to economic development • An ICT Act of Parliament which resides under one Ministry ...
The Canadian Labour Congress - Studies in Political Economy
... labour has been uneven at best. It reached its height under the Liberal government of the early eighties. After the demise of the "Third National Policy," capital increasingly favoured continentalism and free trade, which precluded industrial strategy in partnership with labour. Furthermore, labour ...
... labour has been uneven at best. It reached its height under the Liberal government of the early eighties. After the demise of the "Third National Policy," capital increasingly favoured continentalism and free trade, which precluded industrial strategy in partnership with labour. Furthermore, labour ...
The Concept of Economic Diversification in the Context of
... Identifying non-domestic barriers to economic diversification, such as trade barriers; (iii) Identifying ways in which the international community could facilitate increased foreign investment in non-traditional sectors; (iv) Facilitating assistance, in the form of technology transfer, technical ass ...
... Identifying non-domestic barriers to economic diversification, such as trade barriers; (iii) Identifying ways in which the international community could facilitate increased foreign investment in non-traditional sectors; (iv) Facilitating assistance, in the form of technology transfer, technical ass ...
1 - Index Measures
... often credited with key direct and indirect roles in this productivity speedup. Jorgenson (2001, p. 2) argues that: “The accelerated information technology price decline signals faster productivity growth in IT-producing industries. In fact, these industries have been the source of most of aggregate ...
... often credited with key direct and indirect roles in this productivity speedup. Jorgenson (2001, p. 2) argues that: “The accelerated information technology price decline signals faster productivity growth in IT-producing industries. In fact, these industries have been the source of most of aggregate ...
WORKING PAPER SERIES
... economy, the more incentives people have to allocate their resources into (socially) productive activities. The problem of causality arises, of course, more fiercely here than in the studies reviewed in the previous section. By using the methodology of Granger-causality numerous scholars try to sho ...
... economy, the more incentives people have to allocate their resources into (socially) productive activities. The problem of causality arises, of course, more fiercely here than in the studies reviewed in the previous section. By using the methodology of Granger-causality numerous scholars try to sho ...
Grassroots Festival
... To measure the impact of the GrassRoots Music Festival’s attendees, data were collected from 1,709 attendees. Researchers used an audience-intercept methodology, a standard technique in which patrons complete a written survey about the dollars they spent as a direct result of their attendance. The G ...
... To measure the impact of the GrassRoots Music Festival’s attendees, data were collected from 1,709 attendees. Researchers used an audience-intercept methodology, a standard technique in which patrons complete a written survey about the dollars they spent as a direct result of their attendance. The G ...
A Lesson from the Great Depression that the Fed
... analyze the e¤ect of the operation on the cross section of Treasury yields using an event study methodology. Since there were no announcements, we construct a narrative record of the period preceding and during the operation. Around the dates identi…ed from the narrative record, there were signi…ca ...
... analyze the e¤ect of the operation on the cross section of Treasury yields using an event study methodology. Since there were no announcements, we construct a narrative record of the period preceding and during the operation. Around the dates identi…ed from the narrative record, there were signi…ca ...
Monetary Explanations of the Great Depression
... ciently to inform Fed policymakers at the time of the Great Depression—that analysis as found in Friedman and Schwartz (1963) would have been too revolutionary (see Steindl 1995 and Wicker 1999, countered by Humphrey 2001). Although in the minority at the time, Currie (1934) argues that the lack of ...
... ciently to inform Fed policymakers at the time of the Great Depression—that analysis as found in Friedman and Schwartz (1963) would have been too revolutionary (see Steindl 1995 and Wicker 1999, countered by Humphrey 2001). Although in the minority at the time, Currie (1934) argues that the lack of ...
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... measured in annual growth rates of real GDP (see Figure). The Ifo Indicator for the economic climate in the euro area continued to rise this quarter, exceeding its long-term average for the first time since the end of 2011. Although the current economic situation in the euro area brightened slightly ...
... measured in annual growth rates of real GDP (see Figure). The Ifo Indicator for the economic climate in the euro area continued to rise this quarter, exceeding its long-term average for the first time since the end of 2011. Although the current economic situation in the euro area brightened slightly ...
The Close Connection Between Nominal
... di¤erence between long-forward and short-term real interest rates) to measure the Fed’s policy stance, the answer is a quali…ed “yes.”4 From the late 1980s through 2004, the FOMC typically set real short-term interest rates at a high level relative to long-forward real rates when the sum of the in‡a ...
... di¤erence between long-forward and short-term real interest rates) to measure the Fed’s policy stance, the answer is a quali…ed “yes.”4 From the late 1980s through 2004, the FOMC typically set real short-term interest rates at a high level relative to long-forward real rates when the sum of the in‡a ...
Working paper - OFCE
... extent to which elements of art (appropriable by the policy maker) still existed in the conduct of policies (Mishkin, 2007).2 Unfortunately, as it happened with two famous statements made, respectively, by Francis Fukuyama (1992) about an alleged “end of history”, and by many physicists in the recen ...
... extent to which elements of art (appropriable by the policy maker) still existed in the conduct of policies (Mishkin, 2007).2 Unfortunately, as it happened with two famous statements made, respectively, by Francis Fukuyama (1992) about an alleged “end of history”, and by many physicists in the recen ...
STOCKHOLM SCHOOL OF ECONOMICS Small Scale - S
... applied central planning nor experienced some of the other system specific phenomena mentioned by Kornai. The important implications for this study are, first, that a different set of priorities as to political and economical goals than what is usually assumed in economic theory, existed during an e ...
... applied central planning nor experienced some of the other system specific phenomena mentioned by Kornai. The important implications for this study are, first, that a different set of priorities as to political and economical goals than what is usually assumed in economic theory, existed during an e ...
DRAFT A Review of High School Economics Textbooks
... Following the organization of the Framework, we also rearranged the standards to group them into categories of basic/fundamental concepts, microeconomic concepts (Table 2 A), macroeconomic concepts, or international economic concepts (Table 2 B). We then looked up each abbreviated concept in the ind ...
... Following the organization of the Framework, we also rearranged the standards to group them into categories of basic/fundamental concepts, microeconomic concepts (Table 2 A), macroeconomic concepts, or international economic concepts (Table 2 B). We then looked up each abbreviated concept in the ind ...
Monetary Policy Transparency - Faculty of Economics
... regularly published forward-looking analysis in 1998, but often only qualitative assessments. The Dincer and Eichengreen (2013) dataset reveals a remarkable improvement in economic transparency involving quantitative information. The publication of numerical macroeconomic forecasts greatly expanded ...
... regularly published forward-looking analysis in 1998, but often only qualitative assessments. The Dincer and Eichengreen (2013) dataset reveals a remarkable improvement in economic transparency involving quantitative information. The publication of numerical macroeconomic forecasts greatly expanded ...
About
... A student asks: " I'm taking an economics class and I'm puzzled about indifference curves. How do I draw them, what are they used for, and what do indifference curves tell us?" In "Indifference Curves - How Do I Use... Are Wars Good for the Economy? About Economics June 23, 2005, 10:14 am One of the ...
... A student asks: " I'm taking an economics class and I'm puzzled about indifference curves. How do I draw them, what are they used for, and what do indifference curves tell us?" In "Indifference Curves - How Do I Use... Are Wars Good for the Economy? About Economics June 23, 2005, 10:14 am One of the ...
American School (economics)
See also American System (economic plan).The American School, also known as the ""National System"", represents three different yet related constructs in politics, policy and philosophy. It was the American policy from the 1860s to the 1970s, waxing and waning in actual degrees and details of implementation. Historian Michael Lind describes it as a coherent applied economic philosophy with logical and conceptual relationships with other economic ideas.It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-twentieth century. Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)government investments in infrastructure creating targeted internal improvements (especially in transportation)a national bank with policies that promote the growth of productive enterprises rather than speculation.It is a capitalist economic school based on the Hamiltonian economic program. The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.The American School's key elements were promoted by John Q. Adams and his National Republican Party, Henry Clay and the Whig Party, and Abraham Lincoln through the early Republican Party which embraced, implemented, and maintained this economic system.During its American System period the United States grew into the largest economy in the world with the highest standard of living, surpassing the British Empire by the 1880s.