This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... America, with government spending in particular falling during recessions, in contrast to the more familiar pattern of countercyclical fiscal policy found in most OECD countries. While they cannot completely rule out other explanations, the authors argue that this procyclical behavior is due primari ...
... America, with government spending in particular falling during recessions, in contrast to the more familiar pattern of countercyclical fiscal policy found in most OECD countries. While they cannot completely rule out other explanations, the authors argue that this procyclical behavior is due primari ...
Notat til forelesning 4
... Hence with monopolistic competition, the value of firm output depends only on ó and F. If costs are lower, the quantity of output will increase, but the value will remain the same. In the models that we shall examine, this is a major simplification: We may treat firm size more or less like a constan ...
... Hence with monopolistic competition, the value of firm output depends only on ó and F. If costs are lower, the quantity of output will increase, but the value will remain the same. In the models that we shall examine, this is a major simplification: We may treat firm size more or less like a constan ...
Economic Theory: Past and Future
... special Heckscher-Ohlin assumptions, and we have been rewarded with the Stolper-Samuelson, Rybczynski, Heckscher-Ohlin, Factor Price Equalization and Hicks-Ikema propositions. Most of those assumptions are well known; one easily remembers constant returns to scale, non-joint production and small num ...
... special Heckscher-Ohlin assumptions, and we have been rewarded with the Stolper-Samuelson, Rybczynski, Heckscher-Ohlin, Factor Price Equalization and Hicks-Ikema propositions. Most of those assumptions are well known; one easily remembers constant returns to scale, non-joint production and small num ...
Learning by Doing and Endogenous Growth
... • Consider two economies that have the same saving rates, country A and B, but country A begins with an higher initial level of capital lower than that of country B. The learning-by-doing model predicts that country B will always remain ahead of country A, but both countries’ capital will grow at t ...
... • Consider two economies that have the same saving rates, country A and B, but country A begins with an higher initial level of capital lower than that of country B. The learning-by-doing model predicts that country B will always remain ahead of country A, but both countries’ capital will grow at t ...
Macro - Unit 6
... B. What goals do governments intend to accomplish by imposing trade restrictions? C. What are some of the costs that result from trade restrictions? D. What would be the likely impact of restrictive trade policies on the total amount of trade between EU and the rest of the world? E. Show graphically ...
... B. What goals do governments intend to accomplish by imposing trade restrictions? C. What are some of the costs that result from trade restrictions? D. What would be the likely impact of restrictive trade policies on the total amount of trade between EU and the rest of the world? E. Show graphically ...
