This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... sharply, moreover, with the Taylor and Black [19731 estimate of an employment elasticity with respect to devaluation of 0.9. The Taylor and Black result appears to be misleading because of the assumed exogenism of nominal wages, the money supply, and anticipated inflation. vi. The instruments at the ...
... sharply, moreover, with the Taylor and Black [19731 estimate of an employment elasticity with respect to devaluation of 0.9. The Taylor and Black result appears to be misleading because of the assumed exogenism of nominal wages, the money supply, and anticipated inflation. vi. The instruments at the ...
Is the composition of public expenditures converging in EMU countries
... countries to avoid excessive fiscal deficits (fiscal deficits below 3% GDP and stocks of public debt below 60% GDP) and, simultaneously, to reduce the size of public sectors. ...
... countries to avoid excessive fiscal deficits (fiscal deficits below 3% GDP and stocks of public debt below 60% GDP) and, simultaneously, to reduce the size of public sectors. ...
Do Budget Deficits Crowd out Private Investment? An
... In 2007 there was an increase in the budget surplus to 0.7% of GDP but on the other hand interest rates on 0-3 year bonds increased significantly to 10.56% and those on government bonds of 10 years and above increased to 8.29%. The rise in interest rates contradicted with the economic activities as ...
... In 2007 there was an increase in the budget surplus to 0.7% of GDP but on the other hand interest rates on 0-3 year bonds increased significantly to 10.56% and those on government bonds of 10 years and above increased to 8.29%. The rise in interest rates contradicted with the economic activities as ...
Real GDP
... both total income and total expenditure on the economy’s output of goods & services. 2. Nominal GDP values output at current ...
... both total income and total expenditure on the economy’s output of goods & services. 2. Nominal GDP values output at current ...
Real GDP
... D. General Motors builds $500 million worth of cars, but consumers only buy $470 million worth of them. ...
... D. General Motors builds $500 million worth of cars, but consumers only buy $470 million worth of them. ...
LCwasL56_en.pdf
... in December, replacing 1982-90 as the longest peacetime expansion on record. Though transitory factors, in particular falling prices for commodities and for imports have contributed to this favorable outcome, the massive investment in technology over the past decade and increased efficiency appear t ...
... in December, replacing 1982-90 as the longest peacetime expansion on record. Though transitory factors, in particular falling prices for commodities and for imports have contributed to this favorable outcome, the massive investment in technology over the past decade and increased efficiency appear t ...
Automatic Fiscal Stabilisers
... exogenous aggregate demand or real GDP shock (represented by cyclical above). For example, an exogenous cyclical shock such as a contraction in aggregate private sector demand, will tend to reduce tax revenue while increasing unemployment benefit spending, thereby reducing the government’s budget ba ...
... exogenous aggregate demand or real GDP shock (represented by cyclical above). For example, an exogenous cyclical shock such as a contraction in aggregate private sector demand, will tend to reduce tax revenue while increasing unemployment benefit spending, thereby reducing the government’s budget ba ...
Non-Keynesian Effects of Fiscal Policy in the EU
... globe. An answer would be a welcome addition to the 'core of practical macroeconomics that we should all believe'" [Blinder (1997, p. 242-243)]. ...
... globe. An answer would be a welcome addition to the 'core of practical macroeconomics that we should all believe'" [Blinder (1997, p. 242-243)]. ...
War and inflation in the United States from the revolution
... the war, governments turned to the printing press. Although a simple story, it does, as I will show, fit the facts. There were several reasons why war governments were unwilling to see prewar interest rate norms breached. (1) The analogy with personal or business finance undoubtedly was influential ...
... the war, governments turned to the printing press. Although a simple story, it does, as I will show, fit the facts. There were several reasons why war governments were unwilling to see prewar interest rate norms breached. (1) The analogy with personal or business finance undoubtedly was influential ...
The Seafood Sector in Ireland: An Assessment of the Employment
... demand for seafood at the global and European level, Food Harvest 2020 (FH2020) strategy (Department of Agriculture Fisheries and Food, 2010) aims to raise the sector’s annual sales to âĆň1 billion, to increase employment to 14,000 full-time equivalent jobs and to expand aquaculture production by ...
... demand for seafood at the global and European level, Food Harvest 2020 (FH2020) strategy (Department of Agriculture Fisheries and Food, 2010) aims to raise the sector’s annual sales to âĆň1 billion, to increase employment to 14,000 full-time equivalent jobs and to expand aquaculture production by ...
Economics 100 Syllabus for Part I of the Course
... What is a COLA? Which groups of people “win” from unexpected inflation? Which groups of people “lose”? Define nominal interest rate and real interest rate. What is hyperinflation? If you knew inflation was coming, how would you want to hold your wealth? Why? Explain why inflation may cause Real GDP ...
... What is a COLA? Which groups of people “win” from unexpected inflation? Which groups of people “lose”? Define nominal interest rate and real interest rate. What is hyperinflation? If you knew inflation was coming, how would you want to hold your wealth? Why? Explain why inflation may cause Real GDP ...
J
... technological constraints, macroeconomic policymakers can, in principle, be viewed as maximizing policy goals, subject to feasibility constraints imposed by the behavior of the household, business, and external sectors of the economy. For example, the central bank (henceforth the Fed) can control so ...
... technological constraints, macroeconomic policymakers can, in principle, be viewed as maximizing policy goals, subject to feasibility constraints imposed by the behavior of the household, business, and external sectors of the economy. For example, the central bank (henceforth the Fed) can control so ...
02-25-2005
... If the money supply is held constant, then a decrease in V means people will be using their money in fewer transactions, causing a decrease in demand for goods and services: ...
... If the money supply is held constant, then a decrease in V means people will be using their money in fewer transactions, causing a decrease in demand for goods and services: ...
Monetary and Fiscal Policy Effectiveness in China
... estimate two latent variables, one that represents economic activity and another that represents price conditions. In the second step, we incorporate this estimated activity series into a standard monetary VAR, identified via a recursive ordering, to study the effects of monetary, credit, and fisca ...
... estimate two latent variables, one that represents economic activity and another that represents price conditions. In the second step, we incorporate this estimated activity series into a standard monetary VAR, identified via a recursive ordering, to study the effects of monetary, credit, and fisca ...
Investment and profits in neo-kaleckian models: a critical
... higher profit margin/share is associated to a higher degree of utilization). In the same article, we can also find conflictual or cooperative regimes, depending on the effect of higher wages on the total wage bill and on the total profits. However, at the base of this reasoning (which Stockhammer an ...
... higher profit margin/share is associated to a higher degree of utilization). In the same article, we can also find conflictual or cooperative regimes, depending on the effect of higher wages on the total wage bill and on the total profits. However, at the base of this reasoning (which Stockhammer an ...
O`Sullivan Sheffrin Peres 6e
... Crowding Out in an Open Economy • open economy An economy with international trade. Y = C + I + G + NX Increased government spending need not crowd out either consumption or investment. It could lead to reduced exports and increased imports. ...
... Crowding Out in an Open Economy • open economy An economy with international trade. Y = C + I + G + NX Increased government spending need not crowd out either consumption or investment. It could lead to reduced exports and increased imports. ...
Economics for Today 2nd edition Irvin B. Tucker
... • How can the fed influence the equilibrium interest rate? • In the Keynesian model, what do changes in the money supply effect? • What is the Classical economic view? ...
... • How can the fed influence the equilibrium interest rate? • In the Keynesian model, what do changes in the money supply effect? • What is the Classical economic view? ...
Evaluating the Efficiency and Effects of Public Spending
... the scenarios assumed the same interest rate and 4 percent annual growth. All figures are adjusted to the current GDP definition. 2 Based on specific measures adopted with the 2004 budget. 3 An estimate based on the measures adopted until early 2004 and actual growth for 2004-2006. ...
... the scenarios assumed the same interest rate and 4 percent annual growth. All figures are adjusted to the current GDP definition. 2 Based on specific measures adopted with the 2004 budget. 3 An estimate based on the measures adopted until early 2004 and actual growth for 2004-2006. ...
SC-Economics Scope and Sequence
... Describe the parts of the federal budget. Explain how the federal budget is established. State and Local Government Expenditures Explain how state and local governments approve spending. Identify the major categories of local government expenditures. Identify the major categories of state government ...
... Describe the parts of the federal budget. Explain how the federal budget is established. State and Local Government Expenditures Explain how state and local governments approve spending. Identify the major categories of local government expenditures. Identify the major categories of state government ...
Principles of Economics, Case and Fair,9e
... durable goods Goods that last a relatively long time, such as cars and household appliances. nondurable goods Goods that are used up fairly quickly, such as food and clothing. services The things we buy that do not involve the production of physical things, such as legal and medical services and edu ...
... durable goods Goods that last a relatively long time, such as cars and household appliances. nondurable goods Goods that are used up fairly quickly, such as food and clothing. services The things we buy that do not involve the production of physical things, such as legal and medical services and edu ...
Principles of Economics, Case and Fair,9e
... durable goods Goods that last a relatively long time, such as cars and household appliances. nondurable goods Goods that are used up fairly quickly, such as food and clothing. services The things we buy that do not involve the production of physical things, such as legal and medical services and edu ...
... durable goods Goods that last a relatively long time, such as cars and household appliances. nondurable goods Goods that are used up fairly quickly, such as food and clothing. services The things we buy that do not involve the production of physical things, such as legal and medical services and edu ...