Fiscal Policy and Economic Growth: Empirical Evidence from Ethiopia
... Economists are divided into two different and mutually incompatible strands of theories, regarding fiscal policy as measured by government expenditures or taxes. On the one hand, the Keynesians argue that there is a critical market failure. In such scenario, fiscal policy has the role to positively ...
... Economists are divided into two different and mutually incompatible strands of theories, regarding fiscal policy as measured by government expenditures or taxes. On the one hand, the Keynesians argue that there is a critical market failure. In such scenario, fiscal policy has the role to positively ...
Long-Run and Short-Run Concerns: Growth, Productivity
... • Other popular price indexes are producer price indexes (PPIs), which measure price changes for products at all stages in the production process. • The three main categories are: • finished goods, • intermediate materials, and • crude materials. ...
... • Other popular price indexes are producer price indexes (PPIs), which measure price changes for products at all stages in the production process. • The three main categories are: • finished goods, • intermediate materials, and • crude materials. ...
MACRO SHOCKS AND REAL US STOCK PRICES WITH SPECIAL FOCUS... THE “GREAT RECESSION” Abstract GUPTA, Rangan
... The decline in the real output could also be related to the endogenous response of the Federal Reserve to the portfolio shock. The Fed may follow a tight monetary policy to prevent the stock market from getting overvalued. In the third column, the impulse responses of an expansionary aggregate spend ...
... The decline in the real output could also be related to the endogenous response of the Federal Reserve to the portfolio shock. The Fed may follow a tight monetary policy to prevent the stock market from getting overvalued. In the third column, the impulse responses of an expansionary aggregate spend ...
Download
... At the global level, imbalances appear to be re-emerging and have reached centre-stage in many policy discussions. While China is being blamed for restricting its capital inflow and keeping its exchange rate stable vis-à-vis the US dollar, thereby preventing a swifter loss in global competitiveness, ...
... At the global level, imbalances appear to be re-emerging and have reached centre-stage in many policy discussions. While China is being blamed for restricting its capital inflow and keeping its exchange rate stable vis-à-vis the US dollar, thereby preventing a swifter loss in global competitiveness, ...
NBER WORKING PAPER SERIES HAS GLOBALIZATION CHANGED INFLATION? Laurence M. Ball
... Fisher of the Dallas Fed (2005) asks rhetorically How can we calculate an “output gap” without knowing the present capacity of, say, the Chinese and Indian economies? How can we fashion a Phillips curve without imputing the behavioral patterns of foreign labor pools? How can we formulate a regressio ...
... Fisher of the Dallas Fed (2005) asks rhetorically How can we calculate an “output gap” without knowing the present capacity of, say, the Chinese and Indian economies? How can we fashion a Phillips curve without imputing the behavioral patterns of foreign labor pools? How can we formulate a regressio ...
Fast five
... Normal goods can be broken into two types…. A person or group of individuals living under one roof A greater proportion of our incomes are spent on these as income increases? ...
... Normal goods can be broken into two types…. A person or group of individuals living under one roof A greater proportion of our incomes are spent on these as income increases? ...
NBER WORKING PAPER SERIES MONETARY RULES FOR SMALL, OPEN, EMERGING ECONOMIES Douglas Laxton
... and independent monetary policy are bound to end either with a whimper or a bang. Over the 1990s, the intellectual underpinnings of the monetary frameworks adopted by central banks around the world have assigned increasing emphasis to a rather different trinity, one that is “both feasible and desira ...
... and independent monetary policy are bound to end either with a whimper or a bang. Over the 1990s, the intellectual underpinnings of the monetary frameworks adopted by central banks around the world have assigned increasing emphasis to a rather different trinity, one that is “both feasible and desira ...
The Strange Case of Domestic Policy Cooperation in the
... This paper examines a relatively forgotten aspect of policy coordination, namely domestic policy cooperation.1 Most of the modern policy coordination literature has focused on the international dimensions, generally with an implicit assumption that cooperation should occur across similar policy tool ...
... This paper examines a relatively forgotten aspect of policy coordination, namely domestic policy cooperation.1 Most of the modern policy coordination literature has focused on the international dimensions, generally with an implicit assumption that cooperation should occur across similar policy tool ...
Putting Power Back into Growth Theory
... that if one assumes that production exhibits constant returns to scale, then Euler’s theorem could be used to ‘prove’ that each factor receives payment in exact accordance with its marginal productivity, thus solving the ‘adding up’ problem.3 As a result of this theorem, neoclassical growth theory ( ...
... that if one assumes that production exhibits constant returns to scale, then Euler’s theorem could be used to ‘prove’ that each factor receives payment in exact accordance with its marginal productivity, thus solving the ‘adding up’ problem.3 As a result of this theorem, neoclassical growth theory ( ...
ClubMed? Cyclical fluctuations in the Mediterranean Basin
... The nature and the transmission properties of business cycles have dramatically changed since the early 1980s. On the one hand, emerging market economies now play an important role in shaping world business cycles, previously determined by a handful of developed countries. On the other, trade and …n ...
... The nature and the transmission properties of business cycles have dramatically changed since the early 1980s. On the one hand, emerging market economies now play an important role in shaping world business cycles, previously determined by a handful of developed countries. On the other, trade and …n ...
N. Gregory Mankiw Harvard University Ricardo Reis
... this sticky-information model displays three, related properties that are more consistent with accepted views about the effects of monetary policy. ...
... this sticky-information model displays three, related properties that are more consistent with accepted views about the effects of monetary policy. ...
Increasing mortality during the expansions of the US economy, 1900
... expansion of health care to persons ‘not thought to be at sufficient risk to warrant attention at an earlier budget period’.14 This contribution by Catalano, who applied unconventional methods—like using Danish economic data as covariates in regression models for US mortality—has not been supported ...
... expansion of health care to persons ‘not thought to be at sufficient risk to warrant attention at an earlier budget period’.14 This contribution by Catalano, who applied unconventional methods—like using Danish economic data as covariates in regression models for US mortality—has not been supported ...
UK BUSINESS CONFIDENCE MONITOR Q1 2009 West Midlands Summary Report
... Demand in the economy is contracting and firms are shedding jobs as a result. Claimantcount unemployment rose by 213,000 in Q4 2008. Through 2009 we anticipate the rise in unemployment will be severe; the claimant count could almost double to reach 2.1m by the end of 2009. The latest UK Business Con ...
... Demand in the economy is contracting and firms are shedding jobs as a result. Claimantcount unemployment rose by 213,000 in Q4 2008. Through 2009 we anticipate the rise in unemployment will be severe; the claimant count could almost double to reach 2.1m by the end of 2009. The latest UK Business Con ...
The Changing Dynamics of the Global Business Cycle
... Harding and Pagan (2001)—see Appendix 5.1 for details. Expansions are identified using annual data and in per capita terms to allow for broad comparisons across countries and over time. Expansions based on quarterly data would likely be shorter for many countries. There are also notable differences ...
... Harding and Pagan (2001)—see Appendix 5.1 for details. Expansions are identified using annual data and in per capita terms to allow for broad comparisons across countries and over time. Expansions based on quarterly data would likely be shorter for many countries. There are also notable differences ...
PDF Download
... the Ifo Economic Climate indicator correlates well with the actual business-cycle trend for the euro area – measured in annual growth rates of real GDP (see Figure). The latest Ifo World Economic Survey indicates that the economic climate in the euro area has worsened slightly in the fourth quarter ...
... the Ifo Economic Climate indicator correlates well with the actual business-cycle trend for the euro area – measured in annual growth rates of real GDP (see Figure). The latest Ifo World Economic Survey indicates that the economic climate in the euro area has worsened slightly in the fourth quarter ...
FREE Sample Here
... D) economic behavior among consumers, businesses, and industries that collectively determine the quantity of goods and services demanded and supplied at different prices E) a nation's economic issues, such as the effect of government policies and the ownership of factors of production Answer: D Expl ...
... D) economic behavior among consumers, businesses, and industries that collectively determine the quantity of goods and services demanded and supplied at different prices E) a nation's economic issues, such as the effect of government policies and the ownership of factors of production Answer: D Expl ...
ECF criteria
... • South Africa faces a number of structural constraints that has resulted in high levels of inequalities, unemployment and poverty • The economic crisis has worsened the jobs and economic outlook • The government has taken practical steps to address these challenges including reorientation economic ...
... • South Africa faces a number of structural constraints that has resulted in high levels of inequalities, unemployment and poverty • The economic crisis has worsened the jobs and economic outlook • The government has taken practical steps to address these challenges including reorientation economic ...
targeting financial stability: macroprudential or monetary policy?
... The global financial crisis highlighted deficiencies in macro-financial policy toolkits. Monetary policy focused on price stability; prudential regulation was mostly concerned with practices at individual firms. Some central banks had a mandate to consider the stability of the financial system as a ...
... The global financial crisis highlighted deficiencies in macro-financial policy toolkits. Monetary policy focused on price stability; prudential regulation was mostly concerned with practices at individual firms. Some central banks had a mandate to consider the stability of the financial system as a ...
UK BUSINESS CONFIDENCE MONITOR Q1 2009 East Midlands Summary Report
... Demand in the economy is contracting and firms are shedding jobs as a result. Claimantcount unemployment rose by 213,000 in Q4 2008. Through 2009 we anticipate the rise in unemployment will be severe; the claimant count could almost double to reach 2.1m by the end of 2009. The latest UK Business Con ...
... Demand in the economy is contracting and firms are shedding jobs as a result. Claimantcount unemployment rose by 213,000 in Q4 2008. Through 2009 we anticipate the rise in unemployment will be severe; the claimant count could almost double to reach 2.1m by the end of 2009. The latest UK Business Con ...