The Concept of Scale and Its Relation to Allocation, Distribution, and
... ecological economics than are mainstream economists, I think we are justified in taking some satisfaction in their relatively favorable evaluation of our work, even if they, like us, may not be representative of the majority of their disciplines. Occasionally it is good to try to see ourselves as ot ...
... ecological economics than are mainstream economists, I think we are justified in taking some satisfaction in their relatively favorable evaluation of our work, even if they, like us, may not be representative of the majority of their disciplines. Occasionally it is good to try to see ourselves as ot ...
PDF
... between 1995 and 1999, the ABS estimate of multifactor of productivity has shown no net increase over the period since then. Over the period 2003-04 to 2007-08) there was an overall decline 0.2 per cent per year. As a result, the average annual rate of measured MFP growth since the beginning of the ...
... between 1995 and 1999, the ABS estimate of multifactor of productivity has shown no net increase over the period since then. Over the period 2003-04 to 2007-08) there was an overall decline 0.2 per cent per year. As a result, the average annual rate of measured MFP growth since the beginning of the ...
NBER WORKING PAPER SERIES DO CAPITAL ADEQUACY REQUIREMENTS MATTER FOR MONETARY POLICY?
... lending set by capital adequacy requirements declines during recessions and increases during booms. And as intermediation falls, the level of economic activity goes down with it. It looks as if regulation deepens recessions. As the Basel Committee on Banking Supervision (2001) put, the capital regul ...
... lending set by capital adequacy requirements declines during recessions and increases during booms. And as intermediation falls, the level of economic activity goes down with it. It looks as if regulation deepens recessions. As the Basel Committee on Banking Supervision (2001) put, the capital regul ...
Growth Theories - Pearson Higher Education
... Environmental protection laws were passed. Pollution abating investment raised the quality of life but did not increase measured GDP, so measured productivity did not increase. ...
... Environmental protection laws were passed. Pollution abating investment raised the quality of life but did not increase measured GDP, so measured productivity did not increase. ...
Growth Theories - Pearson Higher Education
... Environmental protection laws were passed. Pollution abating investment raised the quality of life but did not increase measured GDP, so measured productivity did not increase. ...
... Environmental protection laws were passed. Pollution abating investment raised the quality of life but did not increase measured GDP, so measured productivity did not increase. ...
Lec 8
... With this, it was realized that the activities of the state should be in accordance with its efficiency. This means that state should pay more attention in the provision of social services. This will result in a better civil society where the private sector could be able to work efficiently and fair ...
... With this, it was realized that the activities of the state should be in accordance with its efficiency. This means that state should pay more attention in the provision of social services. This will result in a better civil society where the private sector could be able to work efficiently and fair ...
A Dynamic Model of Aggregate Demand and Aggregate Supply
... • The dynamic model of aggregate demand and aggregate supply (DAD-DAS) gives us more insight into how the economy behaves in the short run. • This theory determines both real GDP (Y) and the inflation rate (π) • This theory is dynamic in the sense that the outcome in one period affects the outcome i ...
... • The dynamic model of aggregate demand and aggregate supply (DAD-DAS) gives us more insight into how the economy behaves in the short run. • This theory determines both real GDP (Y) and the inflation rate (π) • This theory is dynamic in the sense that the outcome in one period affects the outcome i ...
Global Imbalances and Equilibrium Adjustment Mechanisms
... Global imbalances, i.e., the excess of global savings over global investment, is at the heart of the economic problems of the world economy today. Bernanke (2005) argued that the major cause of the US current account deficit was not due to the US domestic policy, but rather to the excess of savings ...
... Global imbalances, i.e., the excess of global savings over global investment, is at the heart of the economic problems of the world economy today. Bernanke (2005) argued that the major cause of the US current account deficit was not due to the US domestic policy, but rather to the excess of savings ...
Monetary Policy - Maria Jose Rodriguez
... monetary policy in terms of a target interest rate. This interest rate is the Federal Funds Rate, and the tool used to acheive the target is OMO. ...
... monetary policy in terms of a target interest rate. This interest rate is the Federal Funds Rate, and the tool used to acheive the target is OMO. ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: International Economic Policy Coordination
... (a) an inter-related set of private sector demands for stocks of money, government bonds (and net foreign assets), and durable goods, and for a flow of non-durable consumption goods; these demands depend on wealth and real returns. (b) a government supply function of (narrow Ml) money which with the ...
... (a) an inter-related set of private sector demands for stocks of money, government bonds (and net foreign assets), and durable goods, and for a flow of non-durable consumption goods; these demands depend on wealth and real returns. (b) a government supply function of (narrow Ml) money which with the ...
... actually lower in 2007 than they were in 1979.6 But note the one real bright spot on this chart, the only period of strong growth in real earnings: the late 1990s, when GDP and productivity growth were surging as well. Thus, even in the era of income inequality, faster growth redounds to the benefit ...
Chapter 26 - Inflation and Monetary Policy
... How Ongoing Inflation Arises • As price level continued to rise in 1960s, public began to expect it to rise at a similar rate in the future • When inflation continues for some time, public develops expectations that inflation rate in the future will be similar to inflation rates of recent past • Wh ...
... How Ongoing Inflation Arises • As price level continued to rise in 1960s, public began to expect it to rise at a similar rate in the future • When inflation continues for some time, public develops expectations that inflation rate in the future will be similar to inflation rates of recent past • Wh ...
“Timely, Targeted, and Temporary?” An Analysis
... individuals chose to save, rather than spend, one-time government payments— in essence the government borrowed money from Peter’s bank and gave it to Paul, who deposited it right back into the same banking system.13 Finally, stimulus spending should be temporary. Once an economy has sufficiently rec ...
... individuals chose to save, rather than spend, one-time government payments— in essence the government borrowed money from Peter’s bank and gave it to Paul, who deposited it right back into the same banking system.13 Finally, stimulus spending should be temporary. Once an economy has sufficiently rec ...
CHAPTER 17 MACROECONOMIC POLICY IN AN OPEN ECONOMY
... 19. A problem that economic policy makers confront when attempting to promote both internal and external balance for the nation is that monetary or fiscal policies aimed at the domestic sector also have impacts on: a. Trade flows only b. Capital flows only c. both trade flows and capital flows d. Ne ...
... 19. A problem that economic policy makers confront when attempting to promote both internal and external balance for the nation is that monetary or fiscal policies aimed at the domestic sector also have impacts on: a. Trade flows only b. Capital flows only c. both trade flows and capital flows d. Ne ...
OpenStax_Economics_TestBank_ch07_economic_growth
... Explanation: Government often plays a role in setting up and funding the education system, especially at the primary and secondary level. Government regulations and taxes can favor savings and investment, or discourage it. Governments can administer laws in a fair and impartial way, or they can offe ...
... Explanation: Government often plays a role in setting up and funding the education system, especially at the primary and secondary level. Government regulations and taxes can favor savings and investment, or discourage it. Governments can administer laws in a fair and impartial way, or they can offe ...
