O A RIGINAL RTICLE
... correlation between economic growth and government size in selected OPEC member states: a multiple variance analysis using data panels”, investigated 9 OPEC member states over the 19702006 period, using econometric methods including panel co-integration test and generalized method of moments (GMM). ...
... correlation between economic growth and government size in selected OPEC member states: a multiple variance analysis using data panels”, investigated 9 OPEC member states over the 19702006 period, using econometric methods including panel co-integration test and generalized method of moments (GMM). ...
Chapter 29 AS-AD and the Business Cycle
... 1) What is a business cycle? What are its phases and turning points? Answer: A business cycle is the periodic but irregular up-and-down movement in production and jobs. It has two phases and two turning points. As the economy slows and the growth in real GDP turns negative, the economy enters the re ...
... 1) What is a business cycle? What are its phases and turning points? Answer: A business cycle is the periodic but irregular up-and-down movement in production and jobs. It has two phases and two turning points. As the economy slows and the growth in real GDP turns negative, the economy enters the re ...
NATIONAL COUNCIL FOR HIGHER EDUCATION Minimum
... converting a mass of quantitative data into a comprehensible form. Statistics also provides inductive techniques for using principles of mathematical probability to obtain generalizations from sample data that may be applied to the lager population. Probability and statistics have wide application i ...
... converting a mass of quantitative data into a comprehensible form. Statistics also provides inductive techniques for using principles of mathematical probability to obtain generalizations from sample data that may be applied to the lager population. Probability and statistics have wide application i ...
Low Inflation, Deflation, and Policies for Future Price Stability A
... monetary policy—the interest rate—is truncated. Thus combating a slump may be difficult, and economic instability could increase. Also when inflation gets negative a downward spiral can occur which lowers inflation, which raises real interest rates, which lowers inflation even further, and so on. T ...
... monetary policy—the interest rate—is truncated. Thus combating a slump may be difficult, and economic instability could increase. Also when inflation gets negative a downward spiral can occur which lowers inflation, which raises real interest rates, which lowers inflation even further, and so on. T ...
Macroeconomic Implications of Profit Sharing
... all markets are practicallycompetitive and practicallyalways in equilibrium. The old-fashioned classical macroeconomics admitted that the economy might not always be in equilibriumdue to "temporaryderangement of markets"(Mill)or "crisesof confidence"(Marshall).Old classical macroeconomistsalso felt ...
... all markets are practicallycompetitive and practicallyalways in equilibrium. The old-fashioned classical macroeconomics admitted that the economy might not always be in equilibriumdue to "temporaryderangement of markets"(Mill)or "crisesof confidence"(Marshall).Old classical macroeconomistsalso felt ...
Economic Growth and Structural Changes in Regional Employment
... other way round, the findings of the analysis are: (1) "… in a short run, a possible causal relationship between economic growth and structural changes does not exist or, at least, cannot be revealed" (p. 25), and, "plausible preponderantly in a long run", "the causality relationship seems to come r ...
... other way round, the findings of the analysis are: (1) "… in a short run, a possible causal relationship between economic growth and structural changes does not exist or, at least, cannot be revealed" (p. 25), and, "plausible preponderantly in a long run", "the causality relationship seems to come r ...
Rebecca Stuart Central Bank of Ireland and University College Dublin
... often persist in the post-colonial period. However, although many studies look at the legacy of colonial rule as a determinant of future economic growth – the legal framework, institutions or investment made by the colonizer3 – few, if any, look at the ongoing economic influence of the former coloni ...
... often persist in the post-colonial period. However, although many studies look at the legacy of colonial rule as a determinant of future economic growth – the legal framework, institutions or investment made by the colonizer3 – few, if any, look at the ongoing economic influence of the former coloni ...
India Since Independence: An Analytic Growth Narrative
... However, the non-structural nature of this regression is not disturbing. For our purposes the most interesting factor is that from the perspective of the regression above there is very little that appears unusual about India's economic growth between independence and the late 1980s. In cross-country ...
... However, the non-structural nature of this regression is not disturbing. For our purposes the most interesting factor is that from the perspective of the regression above there is very little that appears unusual about India's economic growth between independence and the late 1980s. In cross-country ...
Keynesian Economics
... spend, a government insertion of spending will actually have a greater multiplied effect than the amount they spend. Due to this, the government will also be able to balance its budget. Keynes believes that focusing on Consumer Consumption is the most important part of looking at how to fix the econ ...
... spend, a government insertion of spending will actually have a greater multiplied effect than the amount they spend. Due to this, the government will also be able to balance its budget. Keynes believes that focusing on Consumer Consumption is the most important part of looking at how to fix the econ ...
Econometrics Analysis of the Impact of Fiscal Stance on Economic Growth in Nigeria (1970-2010)
... The consequences of long time disagreement on the choice of economy theories and model for fiscal balance when there is a shock in the system is very harmful to the economy as was the case with United State which caused there credit rating downgraded following the aftermath of the financial crisis. ...
... The consequences of long time disagreement on the choice of economy theories and model for fiscal balance when there is a shock in the system is very harmful to the economy as was the case with United State which caused there credit rating downgraded following the aftermath of the financial crisis. ...
Monetary Policy Functions and Transmission Mechanisms: An
... discussing in more detail. For example, are different transmission channels functionally equivalent in terms of their effects on the economy? And what structural features of particular economies influence the relative importance of the various transmission mechanisms, and how do they do so? (i) Equi ...
... discussing in more detail. For example, are different transmission channels functionally equivalent in terms of their effects on the economy? And what structural features of particular economies influence the relative importance of the various transmission mechanisms, and how do they do so? (i) Equi ...
Manufacturing Productivity Through the Great Recession
... is massive. During the pre-recession period, there was a significant increase in capital acquisition. Across both manufacturing and the aggregate economy, this acquisition was led by the purchase of structures (Fernald 2012). This ‘capital deepening’ contributed to some overall contribution to produ ...
... is massive. During the pre-recession period, there was a significant increase in capital acquisition. Across both manufacturing and the aggregate economy, this acquisition was led by the purchase of structures (Fernald 2012). This ‘capital deepening’ contributed to some overall contribution to produ ...
RAMSES a new general equilibrium model for monetary policy
... and more gradual than if inflation is slowing on account of demand and is associated with a sharp drop in GDP growth. Another example concerns an upward development of wages: the policy rate should be raised only if wage increases are expected to exceed the rate that is judged to be in line with the ...
... and more gradual than if inflation is slowing on account of demand and is associated with a sharp drop in GDP growth. Another example concerns an upward development of wages: the policy rate should be raised only if wage increases are expected to exceed the rate that is judged to be in line with the ...
11 imperfect competition and real and nominal price rigidity
... assumption for Lucas’s policy-ineffectiveness result, it turned out, was the assumption of continuous market clearing via perfectly flexible wages and prices. The first wave of new Keynesian analysis was devoted to examining the implications of different assumptions about how wages and prices are s ...
... assumption for Lucas’s policy-ineffectiveness result, it turned out, was the assumption of continuous market clearing via perfectly flexible wages and prices. The first wave of new Keynesian analysis was devoted to examining the implications of different assumptions about how wages and prices are s ...
Document
... a. velocity is constant in the short run. b. the growth rate of output is constant in the short run. c. the growth rate of output may vary in the short run. d. the growth rate of output is constant in the long run. ANSWER: c 31. Many economists feel that union activity has little effect on inflation ...
... a. velocity is constant in the short run. b. the growth rate of output is constant in the short run. c. the growth rate of output may vary in the short run. d. the growth rate of output is constant in the long run. ANSWER: c 31. Many economists feel that union activity has little effect on inflation ...
DEPARTMENT OF ECONOMICS UNIVERSITY OF BURDWAN PG Syllabus – 2014-15 session onwards
... Statistics, Mathematics, Geography, Mass Communication), subject to prior approval of the departmental committee and University Authorities and uniformity of academic calendar (noted that departmental class-routine shall not accommodate such nondepartmental electives): Each paper of 5 credits sha ...
... Statistics, Mathematics, Geography, Mass Communication), subject to prior approval of the departmental committee and University Authorities and uniformity of academic calendar (noted that departmental class-routine shall not accommodate such nondepartmental electives): Each paper of 5 credits sha ...
KOF - ETH Zürich
... • The GDP deflator is a measure of the price level calculated as the ratio of nominal GDP to real GDP times 100. • It tells us the rise in nominal GDP that is attributable to a rise in prices rather than a rise in the quantities produced. ...
... • The GDP deflator is a measure of the price level calculated as the ratio of nominal GDP to real GDP times 100. • It tells us the rise in nominal GDP that is attributable to a rise in prices rather than a rise in the quantities produced. ...
24 | The Aggregate Demand/Aggregate Supply Model
... still recovering from the impact of the Great Recession, it has made substantial progress in restoring financial market stability through the implementation of aggressive fiscal and monetary policy. The economic history of the United States is cyclical in nature with recessions and expansions. Some ...
... still recovering from the impact of the Great Recession, it has made substantial progress in restoring financial market stability through the implementation of aggressive fiscal and monetary policy. The economic history of the United States is cyclical in nature with recessions and expansions. Some ...
Automatic Stabilizers, Fiscal Rules and Macroeconomic Stability*
... the model, distortionary taxes deliver less output variability than lump-sum ones. This is what text-book Keynesian models of the economy would predict but it is in stark contrast with the results obtained by Galí (1994) in a standard RBC framework. Additionally we show that looking at the correlati ...
... the model, distortionary taxes deliver less output variability than lump-sum ones. This is what text-book Keynesian models of the economy would predict but it is in stark contrast with the results obtained by Galí (1994) in a standard RBC framework. Additionally we show that looking at the correlati ...
