The Economic Impact of Tourism. An Input
... whereas smaller values indicate a looser or more open economy (Deller, Sumathi, Marcouiller, 1993). The Romanian economy seems to be a more opened one, the coefficients in the off-diagonal being very small. Multipliers are another mean of estimating the overall change in the economy due to changes i ...
... whereas smaller values indicate a looser or more open economy (Deller, Sumathi, Marcouiller, 1993). The Romanian economy seems to be a more opened one, the coefficients in the off-diagonal being very small. Multipliers are another mean of estimating the overall change in the economy due to changes i ...
CHAPTER OVERVIEW
... 1. It is stated as a percentage, and the Truth in Lending Act of 1968 requires lenders to state the costs and terms of consumer credit in terms of an annualized interest rate. 2. Money itself is not an economic resource, but it is used to acquire capital goods, so in hiring money capital, businesses ...
... 1. It is stated as a percentage, and the Truth in Lending Act of 1968 requires lenders to state the costs and terms of consumer credit in terms of an annualized interest rate. 2. Money itself is not an economic resource, but it is used to acquire capital goods, so in hiring money capital, businesses ...
Statistical Appendix
... framework discussed during the Sixth Review of the Stand-By Arrangement. The IMF staff assumes measures will be undertaken in addition to those outlined by the authorities for 2011–15: in 2011, 1¾ percent of GDP, to achieve a fiscal target of 2.8 percent of GDP and in the medium term to ensure fisca ...
... framework discussed during the Sixth Review of the Stand-By Arrangement. The IMF staff assumes measures will be undertaken in addition to those outlined by the authorities for 2011–15: in 2011, 1¾ percent of GDP, to achieve a fiscal target of 2.8 percent of GDP and in the medium term to ensure fisca ...
DOC - Europa.eu
... Extension of Euro-indicators: Eurostat will regularly issue quarterly income data from National Accounts Eurostat will from now on supplement its quarterly National Accounts data by figures derived from the income approach. These data will regularly complement the figures from the expenditure and ou ...
... Extension of Euro-indicators: Eurostat will regularly issue quarterly income data from National Accounts Eurostat will from now on supplement its quarterly National Accounts data by figures derived from the income approach. These data will regularly complement the figures from the expenditure and ou ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER International Seminar on Macroeconomics
... policy, especially between government debt, deficits, and government spending, and interest rates. A large body of empirical studies documents that an increase in government deficits or debt either has statistically insignificant effects on interest rates or raises them by a statistically significan ...
... policy, especially between government debt, deficits, and government spending, and interest rates. A large body of empirical studies documents that an increase in government deficits or debt either has statistically insignificant effects on interest rates or raises them by a statistically significan ...
Economic Policy and Performance: The Irish Experience
... the United States’ standard of living after four-years2. As a country’s debt ratio rises, the potential expansionary effect of fiscal expansion diminishes and the potential contractionary effect of stabilisation diminishes3. The accumulation of public debt and the growing sophistication of markets h ...
... the United States’ standard of living after four-years2. As a country’s debt ratio rises, the potential expansionary effect of fiscal expansion diminishes and the potential contractionary effect of stabilisation diminishes3. The accumulation of public debt and the growing sophistication of markets h ...
Lecture 6 - University of Wyoming
... AS is shifted by changes in input prices, productivity, or business taxes. AD is shifted by expectations or government action (expansionary fiscal or monetary policy). Rightward shifts in AD or AS can cause a recession (reduced output and cyclical unemployment). In the case of a recession, the gover ...
... AS is shifted by changes in input prices, productivity, or business taxes. AD is shifted by expectations or government action (expansionary fiscal or monetary policy). Rightward shifts in AD or AS can cause a recession (reduced output and cyclical unemployment). In the case of a recession, the gover ...
AD/AS - PBworks
... – Policymakers may respond to a recession in one of the following ways: • Do nothing and wait for prices and wages to adjust. • Take action to increase aggregate demand by using monetary and fiscal policy. ...
... – Policymakers may respond to a recession in one of the following ways: • Do nothing and wait for prices and wages to adjust. • Take action to increase aggregate demand by using monetary and fiscal policy. ...
PDF Download
... the form of future pension and health care liabilities. Currently these liabilities are not treated as part of government debt, and any action that the government takes to alter them may or may not show up in the government account. For example, the government may nationalise private pensions. The p ...
... the form of future pension and health care liabilities. Currently these liabilities are not treated as part of government debt, and any action that the government takes to alter them may or may not show up in the government account. For example, the government may nationalise private pensions. The p ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... domestic interest rates and prices (with the exception of public wages and the exchange rate), a unified exchange rate system, a uniform 10% import tariff as the only trade barrier (except for automobiles), and a relatively liberalized capital market. Economic performance experienced wide fluctuatio ...
... domestic interest rates and prices (with the exception of public wages and the exchange rate), a unified exchange rate system, a uniform 10% import tariff as the only trade barrier (except for automobiles), and a relatively liberalized capital market. Economic performance experienced wide fluctuatio ...
Practice Exam - Dasha Safonova
... 5. If the annual interest paid on a $500 loan is $25, the nominal interest rate is If the inflation rate is 2 percent a year, the real interest rate is per year. (a) ...
... 5. If the annual interest paid on a $500 loan is $25, the nominal interest rate is If the inflation rate is 2 percent a year, the real interest rate is per year. (a) ...
This PDF is a selection from an out-of-print volume from the... of Economic Research
... models. The first model focuses on sustainability and characterizes its determinants. It suggests that the issue of sustainability may indeed be relevant in some countries. The second model focuses on the effects of fiscal policy on real interest rates, and in particular on the relative importance o ...
... models. The first model focuses on sustainability and characterizes its determinants. It suggests that the issue of sustainability may indeed be relevant in some countries. The second model focuses on the effects of fiscal policy on real interest rates, and in particular on the relative importance o ...
Theories of the Public Sector
... then diverted away from spending upon infrastructure to the control of these externalities. Finally, in the developed phase of the economy, there is less need for infrastructural expenditure or for the correction of market failure. Instead, expenditure is driven by the desire to react to issues of e ...
... then diverted away from spending upon infrastructure to the control of these externalities. Finally, in the developed phase of the economy, there is less need for infrastructural expenditure or for the correction of market failure. Instead, expenditure is driven by the desire to react to issues of e ...
Real GDP - P.i.i.m.t.
... stocks, bonds, and other financial assets – Purchase generally transfers ownership of a portion of the firm's existing capital stock – Does not correspond to any increase in physical capital or production capacity, in most cases ...
... stocks, bonds, and other financial assets – Purchase generally transfers ownership of a portion of the firm's existing capital stock – Does not correspond to any increase in physical capital or production capacity, in most cases ...
Practice 22-23
... D. have customer deposits as its primary asset and that provide liquid assets to lenders. E. increase transaction costs to both borrowers and depositors. ...
... D. have customer deposits as its primary asset and that provide liquid assets to lenders. E. increase transaction costs to both borrowers and depositors. ...
Public Expenditure Review Clinic
... account, and together with the Bhutan National Bank and the National Pension Provident Fund, it purchases government bonds. This may be crowding out the private sector (by reducing the availability of bank finance for private investments), and could eventually lead to inflation. In addition, the RGo ...
... account, and together with the Bhutan National Bank and the National Pension Provident Fund, it purchases government bonds. This may be crowding out the private sector (by reducing the availability of bank finance for private investments), and could eventually lead to inflation. In addition, the RGo ...
ch03_5e
... set a higher level of production in the following quarter. In response to an increase in consumer spending, output does not jump to the new equilibrium, but rather increases over time. Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall • Macroeconomics, 5/e • Olivier Blanchard ...
... set a higher level of production in the following quarter. In response to an increase in consumer spending, output does not jump to the new equilibrium, but rather increases over time. Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall • Macroeconomics, 5/e • Olivier Blanchard ...
The End of the Great Depression 1939-41 - Faculty
... The reason is that we have no solid information on any benchmark year between 1928 and 1950 1941? The paper weighs the evidence of tight markets in some parts of manufacturing vs. loose labor markets The paper raises the possibility that the 1928-50 trend overstates potential output in 1941 ...
... The reason is that we have no solid information on any benchmark year between 1928 and 1950 1941? The paper weighs the evidence of tight markets in some parts of manufacturing vs. loose labor markets The paper raises the possibility that the 1928-50 trend overstates potential output in 1941 ...
National Income Accounting and Public Policy
... output or by lowering their costs, and lower costs are difficult to capture in national income accounts, even though they exert a substantial influence on economic well-being. If lower costs are manifested in higher output, that may partially capture the welfare enhancement from cost reduction, but ...
... output or by lowering their costs, and lower costs are difficult to capture in national income accounts, even though they exert a substantial influence on economic well-being. If lower costs are manifested in higher output, that may partially capture the welfare enhancement from cost reduction, but ...
Ch 3
... Therefore, a competitive profit-maximizing firm hires labor until the marginal product of labor equals the real wage. The same logic applies to the firm’s decision regarding how much capital to hire: the firm will hire capital until the marginal product of capital equals the real rental price. 3. A ...
... Therefore, a competitive profit-maximizing firm hires labor until the marginal product of labor equals the real wage. The same logic applies to the firm’s decision regarding how much capital to hire: the firm will hire capital until the marginal product of capital equals the real rental price. 3. A ...
Policy - QC Economics
... in such a way as to bring about continued increases in aggregate demand is the money supply. • Money Supply is the only factor that can continually increase without causing a reduction in one of the four components of total expenditures: consumption, investment, government purchases, or net exports. ...
... in such a way as to bring about continued increases in aggregate demand is the money supply. • Money Supply is the only factor that can continually increase without causing a reduction in one of the four components of total expenditures: consumption, investment, government purchases, or net exports. ...
Forward with Europe. A democratic and progressive reform agenda
... is no government in the EU. Although the European Commission is a »guardian of common interests,« it is in reality often marginalized by the special interests of national governments. This institutional deficiency is increasingly debated. Belgian Prime Minister Verhofstadt and the German Social Demo ...
... is no government in the EU. Although the European Commission is a »guardian of common interests,« it is in reality often marginalized by the special interests of national governments. This institutional deficiency is increasingly debated. Belgian Prime Minister Verhofstadt and the German Social Demo ...