kwame nkrumah university of science and technology, kumasi
... Unfortunately, this impressive beginning started to dwindle. The Ghanaian economy began to experience a slowdown in GDP between 1964 and 1983. In the years 1966, 1972, 1975 to 1976 and 1980 to 1983, the growth rates were negative. These trends have been attributed to inappropriate domestic policies ...
... Unfortunately, this impressive beginning started to dwindle. The Ghanaian economy began to experience a slowdown in GDP between 1964 and 1983. In the years 1966, 1972, 1975 to 1976 and 1980 to 1983, the growth rates were negative. These trends have been attributed to inappropriate domestic policies ...
NBER WORKING PAPER SERIES AN ALTERNATIVE INTERPRETATION
... Greenspan—namely the increased focus on fighting inflation—stabilized inflationary expectations and removed this source of economic instability.2 The theoretical argument is based on the Taylor principle: the idea that if the central bank raises interest rates more than one for one with inflation, t ...
... Greenspan—namely the increased focus on fighting inflation—stabilized inflationary expectations and removed this source of economic instability.2 The theoretical argument is based on the Taylor principle: the idea that if the central bank raises interest rates more than one for one with inflation, t ...
How Has Globalization Affected Inflation?
... present time. This decline in inflation, which has now been sustained for more than half a decade, is impressive compared with the experience from the mid-1970s to the mid-1990s when recurring episodes of loose fiscal and monetary policies, combined with commodity price shocks, kept inflation high ( ...
... present time. This decline in inflation, which has now been sustained for more than half a decade, is impressive compared with the experience from the mid-1970s to the mid-1990s when recurring episodes of loose fiscal and monetary policies, combined with commodity price shocks, kept inflation high ( ...
Impact of the Economic Crisis on the Economic, Social and Territorial Cohesion of the European Union
... pattern, which is determined by certain economic features and political capacities. There are three major transmission channels of the crisis to sub-national economies: (i) credit availability and interest rates; (ii) trade; and (iii) domestic/local demand. Once the crisis is transmitted from nation ...
... pattern, which is determined by certain economic features and political capacities. There are three major transmission channels of the crisis to sub-national economies: (i) credit availability and interest rates; (ii) trade; and (iii) domestic/local demand. Once the crisis is transmitted from nation ...
OpenStax College
... help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health with vaccines and other life-saving tools and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to significantly improve educatio ...
... help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health with vaccines and other life-saving tools and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to significantly improve educatio ...
DOCUMENTOS DE TRABAJO Serie Economía Nº 272
... Janiak and Wasmer (2008) also estimate a series of VAR models with European data where the endogenous variables are employment, unemployment and labor market participation. They distinguish between three age groups and show that employment impulse responses for young and old workers are larger in ma ...
... Janiak and Wasmer (2008) also estimate a series of VAR models with European data where the endogenous variables are employment, unemployment and labor market participation. They distinguish between three age groups and show that employment impulse responses for young and old workers are larger in ma ...
Principles of Macroeconomics
... help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health with vaccines and other life-saving tools and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to significantly improve educatio ...
... help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health with vaccines and other life-saving tools and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to significantly improve educatio ...
ec onomic s - chrisbonline.com
... These last two types of question also lend themselves well to group presentations, which help to develop useful communication skills. As part of their presentation, students could be required to consider the method(s) by which they solve problems and construct answers. Telling others how they approa ...
... These last two types of question also lend themselves well to group presentations, which help to develop useful communication skills. As part of their presentation, students could be required to consider the method(s) by which they solve problems and construct answers. Telling others how they approa ...
On the Relationship Between Government Spending Multiplier and
... In general government spending includes government purchases, transfers and interest payments. ...
... In general government spending includes government purchases, transfers and interest payments. ...
Hoover and the Great Depression
... But Hoover tried to fight the depression with policies so destructive that, in retrospect, one almost wonders if he were a Soviet agent sent to undermine the American economy. On one point at least, the liberal historians are party right. Herbert Hoover made the depression in the 1930s great—but he ...
... But Hoover tried to fight the depression with policies so destructive that, in retrospect, one almost wonders if he were a Soviet agent sent to undermine the American economy. On one point at least, the liberal historians are party right. Herbert Hoover made the depression in the 1930s great—but he ...
What are the Effects of Fiscal Policy Shocks ?
... vector autoregression. Firstly one needs to distinguish the movements in fiscal variables which are caused by fiscal policy shocks from those which are simply the automatic movements of fiscal variables in response to other shocks such as business cycle or monetary policy shocks. Secondly one needs ...
... vector autoregression. Firstly one needs to distinguish the movements in fiscal variables which are caused by fiscal policy shocks from those which are simply the automatic movements of fiscal variables in response to other shocks such as business cycle or monetary policy shocks. Secondly one needs ...
(SUPA) - Economics - Whitesboro Central School
... University and your high school that allows high school students to enroll in Syracuse University courses. Teachers who are also adjunct SU instructors teach these classes in the high school, and they follow the curriculum and guidelines established by the University. The Project Advance program ena ...
... University and your high school that allows high school students to enroll in Syracuse University courses. Teachers who are also adjunct SU instructors teach these classes in the high school, and they follow the curriculum and guidelines established by the University. The Project Advance program ena ...
Principles of Macroeconomics
... Examples are domestic and international in their subject matter and are of the modern era – financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure and concerns about slow growth and the risk of deflat ...
... Examples are domestic and international in their subject matter and are of the modern era – financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure and concerns about slow growth and the risk of deflat ...
g - Ector County ISD.
... which increases demand for their products, so they increase output and employment. Hence, higher P is associated with higher Y, so the SRAS curve slopes upward. © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted ...
... which increases demand for their products, so they increase output and employment. Hence, higher P is associated with higher Y, so the SRAS curve slopes upward. © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted ...
eee06-Stazka2 3772739 en
... so-called “real economy view”. Stockman (1988) further develops his equilibrium model of exchange rates, putting forward another argument in favour of the real economy view. The argument goes as follows. Real shocks alter real exchange rates as well as nominal exchange rates (under floating) or the ...
... so-called “real economy view”. Stockman (1988) further develops his equilibrium model of exchange rates, putting forward another argument in favour of the real economy view. The argument goes as follows. Real shocks alter real exchange rates as well as nominal exchange rates (under floating) or the ...
Labor Reallocation and Productivity Dynamics: Financial Causes
... turning points in real GDP to working population for a broad set of advanced economies starting in 1960.3 We then ask whether the common and/or the allocation component of productivity growth measured in the period prior to a turning point can account for the behavior of labour productivity followin ...
... turning points in real GDP to working population for a broad set of advanced economies starting in 1960.3 We then ask whether the common and/or the allocation component of productivity growth measured in the period prior to a turning point can account for the behavior of labour productivity followin ...
Wage-led or Profit-led Supply: Wages, Productivity and
... manuscripts ignored is to start off with a lengthy prologue. We deliberately offend this golden rule and take a detour, treating our readers to a perhaps unusual account of a wellknown piece of recent economic history—the “Dutch employment miracle” of the 1980s and 1990s (Blanchard 2000; The Economi ...
... manuscripts ignored is to start off with a lengthy prologue. We deliberately offend this golden rule and take a detour, treating our readers to a perhaps unusual account of a wellknown piece of recent economic history—the “Dutch employment miracle” of the 1980s and 1990s (Blanchard 2000; The Economi ...
Swedish Institute for Social Research (SOFI)
... level.1 An expression for the influence of this view is that Central banks target inflation at historically low levels like two percent. One reason for the forceful influence of the hypothesis of the vertical LRPC is the simplicity of the NAIRU model. The model can be understood not only by professi ...
... level.1 An expression for the influence of this view is that Central banks target inflation at historically low levels like two percent. One reason for the forceful influence of the hypothesis of the vertical LRPC is the simplicity of the NAIRU model. The model can be understood not only by professi ...
Download paper (PDF)
... to shocks is the demand channel. In addition to increasing the disposable income of the unemployed, more generous UI also prevents wage cuts for the employed in response to a negative shock. We supplement the evidence set forth above by analyzing the response of average wages to shocks, …nding that ...
... to shocks is the demand channel. In addition to increasing the disposable income of the unemployed, more generous UI also prevents wage cuts for the employed in response to a negative shock. We supplement the evidence set forth above by analyzing the response of average wages to shocks, …nding that ...