... 1. After completing an earlier version of this paper I became aware of two other applications of the Yaari—Blanchard consumption model to the analysis of fiscal policy in a two-country setting. The first, by Alberto Giovannini [1984] has the same behavioural equations as the model of the present pap ...
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... macroeconomic equilibrium in such a system. There is a tradition in economic theory which analyzes macroeconomic behavior in models where, unlike most macroeconomic analysis, there are no debt instruments and there is no fixed interest rate. This tradition began with the classic paper by Metzler (19 ...
... macroeconomic equilibrium in such a system. There is a tradition in economic theory which analyzes macroeconomic behavior in models where, unlike most macroeconomic analysis, there are no debt instruments and there is no fixed interest rate. This tradition began with the classic paper by Metzler (19 ...
NBER WORKING PAPER SERIES AN ALTERNATIVE INTERPRETATION OF THE ‘RESOURCE CURSE’:
... oil-exporting countries would be doing poorly when oil is doing well and that they would be improving when oil becomes less dynamic. However, over the 60 year period between the early 20s and the early 80s Venezuela was the country with the highest growth in per capita income out of the 40 countries ...
... oil-exporting countries would be doing poorly when oil is doing well and that they would be improving when oil becomes less dynamic. However, over the 60 year period between the early 20s and the early 80s Venezuela was the country with the highest growth in per capita income out of the 40 countries ...
Measuring the biobased economy: A Canadian perspective
... applied in Phases Two and Three to the total remaining country economy, with Phase Two incorporating direct spin-off industries such as professional services, wholesale, and retail trade, and with Step Three accounting for the remaining economy segments. The final step consists of adding all the tot ...
... applied in Phases Two and Three to the total remaining country economy, with Phase Two incorporating direct spin-off industries such as professional services, wholesale, and retail trade, and with Step Three accounting for the remaining economy segments. The final step consists of adding all the tot ...
the new phase of planning: new economic policy of
... Fifth, it will encourage large scale private foreign investment through incentives provideti by budgetary and non-budgetary policies. Sixth. Indian industries instead of remaining isolated, artificially protected and divided will now be obliged to become more competitive, cost conscious and efficien ...
... Fifth, it will encourage large scale private foreign investment through incentives provideti by budgetary and non-budgetary policies. Sixth. Indian industries instead of remaining isolated, artificially protected and divided will now be obliged to become more competitive, cost conscious and efficien ...
NBER WORKING PAPER SERIES FISCAL DEFICITS AND RELATIVE PRICES IN A
... from participanta in the Rochester-Weatern Ontario Conference on exchangerate volatility; and from aeminar participants at the NBER 1987 Summer Institute, Columbia University, Johns Hopkins University, the Bank of Finland, and the Federal Reserve Board's International Finance Division. All errors ar ...
... from participanta in the Rochester-Weatern Ontario Conference on exchangerate volatility; and from aeminar participants at the NBER 1987 Summer Institute, Columbia University, Johns Hopkins University, the Bank of Finland, and the Federal Reserve Board's International Finance Division. All errors ar ...
Government report - World Trade Organization
... based on groundnut production and processing. The early and mid-seventies brought in their wake the first major economic challenges resulting from oil shocks and declining world market prices for its basic export commodity. One of the key lessons learnt from this early post-independence crisis was t ...
... based on groundnut production and processing. The early and mid-seventies brought in their wake the first major economic challenges resulting from oil shocks and declining world market prices for its basic export commodity. One of the key lessons learnt from this early post-independence crisis was t ...
06 How Macroeconomics Lost Complexity Z1
... fluctuations occurred with regularity, but then the economy rebounded. That seemed to be happening this time as well. True, unemployment was high, but it was declining, and in fact, from 1932 to 1937 the US economy was growing at a rate of 5-6%. If that rate of growth had lasted for another five yea ...
... fluctuations occurred with regularity, but then the economy rebounded. That seemed to be happening this time as well. True, unemployment was high, but it was declining, and in fact, from 1932 to 1937 the US economy was growing at a rate of 5-6%. If that rate of growth had lasted for another five yea ...
File - Edu @ Thinus
... private consumption, government spending, private investment and net exports. private consumption, government transfers, private investment and net exports. private consumption, government investment, private savings and net exports. private consumption, government spending, private investment and s ...
... private consumption, government spending, private investment and net exports. private consumption, government transfers, private investment and net exports. private consumption, government investment, private savings and net exports. private consumption, government spending, private investment and s ...
Department of Land Economy
... healthy growth rates). However, monetary policy should not be operated by politicians but by experts (whether banks, economists or others) in the form of an ‘independent’ Central Bank. Such a bank would also have greater credibility in the financial markets and be seen to have a stronger commitment ...
... healthy growth rates). However, monetary policy should not be operated by politicians but by experts (whether banks, economists or others) in the form of an ‘independent’ Central Bank. Such a bank would also have greater credibility in the financial markets and be seen to have a stronger commitment ...
Richard B. McKenzie THE FIRST AND SECOND REICH: ADVOCATE
... main force behind the evolution ofAmerican industry; nor were there many businessmen who could contemplate an unmanaged economy with anything but anxiety” (1983, p. 56). In the 1920s, the birth of “management science,” which fostered simplification of workplace tasks, predetermined rules for decisio ...
... main force behind the evolution ofAmerican industry; nor were there many businessmen who could contemplate an unmanaged economy with anything but anxiety” (1983, p. 56). In the 1920s, the birth of “management science,” which fostered simplification of workplace tasks, predetermined rules for decisio ...
The Virtue of Saving - Australian Centre for Financial
... composition. The latter argues that the desirable characteristics of an aggregate cannot be deduced from the desirable characteristics of its constituent parts. In this application, it is argued that what is good for an individual household (for example, saving) is not necessarily good for the whole ...
... composition. The latter argues that the desirable characteristics of an aggregate cannot be deduced from the desirable characteristics of its constituent parts. In this application, it is argued that what is good for an individual household (for example, saving) is not necessarily good for the whole ...
DEFLATION – A PROBLEM OF THE SOCIO
... wish to draw attention to the important fact that the occurrence of a deflationary situation cannot be deduced simply from price movements, rather it is necessary to take account of and analyse other indicators, of which we draw particular attention to surplus economic capacities and potentials. Fac ...
... wish to draw attention to the important fact that the occurrence of a deflationary situation cannot be deduced simply from price movements, rather it is necessary to take account of and analyse other indicators, of which we draw particular attention to surplus economic capacities and potentials. Fac ...
Strategy
... Since its inauguration, the Abe administration has undoubtedly implemented policy measures to improve business conditions one by one, including the pro-growth corporate tax reform, energy policy to prevent energy costs including electricity rates from rising, and full-fledged efforts for economic pa ...
... Since its inauguration, the Abe administration has undoubtedly implemented policy measures to improve business conditions one by one, including the pro-growth corporate tax reform, energy policy to prevent energy costs including electricity rates from rising, and full-fledged efforts for economic pa ...
UK Business Confidence Monitor Q1 2014 BUSINESS WITH CONFIDENCE icaew.com/bcm
... We have seen an improvement in a broad range of key financial indicators in this quarter’s BCM. What is important is the reported and expected growth in capital investment. This is crucial to a recovering economy, especially as businesses have been sitting on large cash reserves. Confidence is stron ...
... We have seen an improvement in a broad range of key financial indicators in this quarter’s BCM. What is important is the reported and expected growth in capital investment. This is crucial to a recovering economy, especially as businesses have been sitting on large cash reserves. Confidence is stron ...
Constructed Advantage
... and Regional Economic Development: An International Perspective’. Among the sponsors were the UK Regional Studies Association, represented by chief executive Sally Hardy, and numerous regional development agencies representing the Maritime Provinces of Canada. The latter, particularly, had a lively ...
... and Regional Economic Development: An International Perspective’. Among the sponsors were the UK Regional Studies Association, represented by chief executive Sally Hardy, and numerous regional development agencies representing the Maritime Provinces of Canada. The latter, particularly, had a lively ...
The State of Wisconsin in the New Economy
... These findings were revisited in a more focused study this year for the state of Virginia on research and development tax incentives. The report noted, “Twenty-one states currently provide R&D tax credits. In terms of the actual effectiveness of these state-level tax incentives in bringing in R&D do ...
... These findings were revisited in a more focused study this year for the state of Virginia on research and development tax incentives. The report noted, “Twenty-one states currently provide R&D tax credits. In terms of the actual effectiveness of these state-level tax incentives in bringing in R&D do ...
The Development of Informal Employment During the Financial
... parallel and in the same direction, and both were significantly decreased production, reaching the lowest level recently. As the economy gradually recovery, IEC before IndGDP rebounded in January 2009 from 8.9% to 56.4% in March. When IndGDP gradually rise, IEC has emerged a greater percentage of de ...
... parallel and in the same direction, and both were significantly decreased production, reaching the lowest level recently. As the economy gradually recovery, IEC before IndGDP rebounded in January 2009 from 8.9% to 56.4% in March. When IndGDP gradually rise, IEC has emerged a greater percentage of de ...
A Historical CGE Simulation of the South African Economy from
... otherwise stated. Apart from the main macro variables, Table 1 and 2 also shows industry variables in the gold and electricity sector that were exogenously assigned their observed values. Both these industries are of special importance to the local economy. Despite falling output levels, South Afric ...
... otherwise stated. Apart from the main macro variables, Table 1 and 2 also shows industry variables in the gold and electricity sector that were exogenously assigned their observed values. Both these industries are of special importance to the local economy. Despite falling output levels, South Afric ...
Trade, Knowledge and the Industrial Revolution
... within a Beckerian quantity-quality framework, rising skill premia are going to be the crucial relative price signal required to trigger a demographic transformation. If technological progress is the primary force driving skill premia, by influencing the demand for labor, then it would seem that tec ...
... within a Beckerian quantity-quality framework, rising skill premia are going to be the crucial relative price signal required to trigger a demographic transformation. If technological progress is the primary force driving skill premia, by influencing the demand for labor, then it would seem that tec ...
10-1-9.CHP:Corel VENTURA - Erasmus Universiteit Rotterdam
... of a shifting economic system (Blanchard and Katz, 1997; Siebert, 1997). One manifestation has been a divergence in job creation and reduction of unemployment across countries, between the forerunners that have shifted towards a newly emerging economy, like the Netherlands, Denmark and the United Ki ...
... of a shifting economic system (Blanchard and Katz, 1997; Siebert, 1997). One manifestation has been a divergence in job creation and reduction of unemployment across countries, between the forerunners that have shifted towards a newly emerging economy, like the Netherlands, Denmark and the United Ki ...
Knowledge-Based Economy and Society Has Become a Vital
... is that knowledge societies must foster knowledge sharing. This is due to the recognition given to knowledge as public incentives and must be made available to every individual of the society. The increased rapidity and higher capacities of data processing, improved means of communication, the emerg ...
... is that knowledge societies must foster knowledge sharing. This is due to the recognition given to knowledge as public incentives and must be made available to every individual of the society. The increased rapidity and higher capacities of data processing, improved means of communication, the emerg ...
Homework #5
... Directions: The homework will be collected in a box before the lecture. Please place your name on top of the homework (legibly). Make sure you write your name as it appears on your ID so that you can receive the correct grade. Late homework will not be accepted so make plans ahead of time. Please sh ...
... Directions: The homework will be collected in a box before the lecture. Please place your name on top of the homework (legibly). Make sure you write your name as it appears on your ID so that you can receive the correct grade. Late homework will not be accepted so make plans ahead of time. Please sh ...
Lec_notes_1021
... part of its income to the government. Therefore, the control of resources represented by tax revenue is transferred from the private sector to the government. ...
... part of its income to the government. Therefore, the control of resources represented by tax revenue is transferred from the private sector to the government. ...
- New Industrial Policy or New Industrial Revolution for
... been reversed and highlights the unacceptably high unemployment rate, increase of poverty and marginalization, large investment deficit, high private and public debt level and the nonperforming bank loans. All these negative aspects have obviously multiple causes rooted in a mis-managed global econo ...
... been reversed and highlights the unacceptably high unemployment rate, increase of poverty and marginalization, large investment deficit, high private and public debt level and the nonperforming bank loans. All these negative aspects have obviously multiple causes rooted in a mis-managed global econo ...