Wage-led versus profit-led demand regimes:
... While these explanations all have some merit – and they are not mutually exclusive – this paper will suggest another possibility, which is that the empirical evidence for profit-led demand regimes is likely to be relevant only to short-term behavior over the business cycle, and not to longer-term e ...
... While these explanations all have some merit – and they are not mutually exclusive – this paper will suggest another possibility, which is that the empirical evidence for profit-led demand regimes is likely to be relevant only to short-term behavior over the business cycle, and not to longer-term e ...
Inflation: Islamic and Conventional Economic Systems: Evidence
... Inflation is defined as a sustained rise in the level of prices. It results in the reduction of the real value of savings and wealth. It also causes distribution of income from lenders to borrowers and from salary/wage makers to employers if wages and salaries are not adjusted for inflation. An expe ...
... Inflation is defined as a sustained rise in the level of prices. It results in the reduction of the real value of savings and wealth. It also causes distribution of income from lenders to borrowers and from salary/wage makers to employers if wages and salaries are not adjusted for inflation. An expe ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... Measuring The Dynamics Of Financial Deepening And Economic Growth In Nigeria, 1981 – 2013… economic growth. Such studies include Nzotta and Okereke, 2009; Iganniga, 2010; Okafor, 2011; Kehinde and Adejuwon, 2011; Onwumere et al., 2012; Balago, 214; Aye, 2015 and so on. Nzotta and Okereke (2009) is ...
... Measuring The Dynamics Of Financial Deepening And Economic Growth In Nigeria, 1981 – 2013… economic growth. Such studies include Nzotta and Okereke, 2009; Iganniga, 2010; Okafor, 2011; Kehinde and Adejuwon, 2011; Onwumere et al., 2012; Balago, 214; Aye, 2015 and so on. Nzotta and Okereke (2009) is ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... The stock market contributed largely to the development of the financial sector in Nigeria. For instance, according to Nigerian Securities and Exchange Commission (2013), a total of 11.19 billion units of securities valued at N83.298 billion were traded in 130,548 deals in 2013. Market capitalizatio ...
... The stock market contributed largely to the development of the financial sector in Nigeria. For instance, according to Nigerian Securities and Exchange Commission (2013), a total of 11.19 billion units of securities valued at N83.298 billion were traded in 130,548 deals in 2013. Market capitalizatio ...
Economic Growth under Embargoes in North Cyprus: An Input
... in the North Cyprus economy. Current account deficits of the country can also be considered as another indication of resource gaps, and a 6.3% deficit in the current account can account for the external finance requirement in the period of 2004-2007. From Table 1, this requirement is not a novel fea ...
... in the North Cyprus economy. Current account deficits of the country can also be considered as another indication of resource gaps, and a 6.3% deficit in the current account can account for the external finance requirement in the period of 2004-2007. From Table 1, this requirement is not a novel fea ...
Trends in potential output
... empirical evidence showing that such a restructuring process is crucial for economies to maintain high productivity growth and that it would also be a key factor in ensuring that an economy grows out of an economic downturn. ...
... empirical evidence showing that such a restructuring process is crucial for economies to maintain high productivity growth and that it would also be a key factor in ensuring that an economy grows out of an economic downturn. ...
Is Fiscal Austerity Good for the Economy?
... after spending-based consolidations, raising output, whereas capital accumulation fell after tax increases. The authors suggest these effects may be due to the response of business confidence to spending-based versus tax-based consolidations. Therefore, spendingbased consolidations may not be much m ...
... after spending-based consolidations, raising output, whereas capital accumulation fell after tax increases. The authors suggest these effects may be due to the response of business confidence to spending-based versus tax-based consolidations. Therefore, spendingbased consolidations may not be much m ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... Actual Chilean prices, of course, are not at long-run, perfectly competitive equilibrium levels. Instead, they are constantly adjusting in response to substantial shocks, especially in monetary policy and in the international economic regime including varying degrees of use of quantitative restricti ...
... Actual Chilean prices, of course, are not at long-run, perfectly competitive equilibrium levels. Instead, they are constantly adjusting in response to substantial shocks, especially in monetary policy and in the international economic regime including varying degrees of use of quantitative restricti ...
Minutes of the Federal Open Market Committee June 18–19, 2013
... motor vehicle and parts outlets, increased briskly, while light motor vehicle sales moved up solidly. Some key factors that tend to support growth in household spending were positive in recent months. After decreasing in the first quarter when payroll and income taxes increased, households’ real dis ...
... motor vehicle and parts outlets, increased briskly, while light motor vehicle sales moved up solidly. Some key factors that tend to support growth in household spending were positive in recent months. After decreasing in the first quarter when payroll and income taxes increased, households’ real dis ...
Money Growth and Inflation
... The money demand curve slopes downward. There are two ways to think about this: o When the price of money rises, the demand for money falls. o When the goods price of money 1/P rises, the dollar ...
... The money demand curve slopes downward. There are two ways to think about this: o When the price of money rises, the demand for money falls. o When the goods price of money 1/P rises, the dollar ...
this Paper - Post-Keynesian Economics Study Group
... two economic schools that most extensively discuss the relation between income inequality and crises, Marxism and post-Keynesianism, and for the two dominant economic schools of today’s time, neo-classical economics and new-Keynesianism. For simplicity reasons the latter two are discussed under the ...
... two economic schools that most extensively discuss the relation between income inequality and crises, Marxism and post-Keynesianism, and for the two dominant economic schools of today’s time, neo-classical economics and new-Keynesianism. For simplicity reasons the latter two are discussed under the ...
Credibility and Monetary Policy - Federal Reserve Bank of Kansas City
... avoid all output costs, with an extension to J-period lags straightforward. These costs will, nevertheless, be smaller the smaller is the excess of expected over actual inflation rates during the epi~ode.~ The rather different contracts of the type employed in Taylor's models (1980, 1983a)also give ...
... avoid all output costs, with an extension to J-period lags straightforward. These costs will, nevertheless, be smaller the smaller is the excess of expected over actual inflation rates during the epi~ode.~ The rather different contracts of the type employed in Taylor's models (1980, 1983a)also give ...
Curriculum Units - Township of Union Public Schools
... themselves in the workings of a market economy. Students will gain an understanding of demand and supply by acting as both a supplier and a buyer. The role of Government in our economy will be analyzed and debated while making comparisons to other economies around the world. The second half of the c ...
... themselves in the workings of a market economy. Students will gain an understanding of demand and supply by acting as both a supplier and a buyer. The role of Government in our economy will be analyzed and debated while making comparisons to other economies around the world. The second half of the c ...
queen`s university at kingston
... b. Now suppose a supply shock moves the short-run aggregate supply curve to P = 1.5. What are the new short-run P and Y? Illustrate your answers in a diagram. Since the new short-run supply curve is horizontal at P2 = 1.5, the new short-run equilibrium output is pinned down by the value of aggregate ...
... b. Now suppose a supply shock moves the short-run aggregate supply curve to P = 1.5. What are the new short-run P and Y? Illustrate your answers in a diagram. Since the new short-run supply curve is horizontal at P2 = 1.5, the new short-run equilibrium output is pinned down by the value of aggregate ...
Relationship between Youth Unemployment and Minimum Real Wage
... Abstract: One of the best known predictions of standard economic theory is that an increase of minimum wage decreases employment and thus job opportunities of low-skilled, low-experienced workers. This paper provides an in depth analysis of the dynamics of the Hungarian youth employment. An economet ...
... Abstract: One of the best known predictions of standard economic theory is that an increase of minimum wage decreases employment and thus job opportunities of low-skilled, low-experienced workers. This paper provides an in depth analysis of the dynamics of the Hungarian youth employment. An economet ...
Chapter_25_26
... Fiscal and monetary policies affect the short run level of GDP because they alter the level of aggregate demand. But unless they are able to affect the level of potential output, they will have no effect on long-run GDP. • broad consensus that monetary policy has only limited ...
... Fiscal and monetary policies affect the short run level of GDP because they alter the level of aggregate demand. But unless they are able to affect the level of potential output, they will have no effect on long-run GDP. • broad consensus that monetary policy has only limited ...
Welfare Effects of Demand Management Policies: Impact Multipliers
... which there are many recent examples. The model has been described in detail elsewhere, and its main features can be summarized as follows.2 The model distinguishes 14 production sectors, 8 labor types, and 12 household groups, each household having its own demand system.3 Production functions permi ...
... which there are many recent examples. The model has been described in detail elsewhere, and its main features can be summarized as follows.2 The model distinguishes 14 production sectors, 8 labor types, and 12 household groups, each household having its own demand system.3 Production functions permi ...
12. Nudge Nudge, Wink Wink, Say No More
... money (‘C-M’, ‘Linen-money’) and then employs that money to buy different products (‘M-C'’, ‘money-wheat’). If the overall circuit C-M-C' (where the dash in C' indicates commodities different to those in C) were the only one in existence, then Say’s Law would be true-as Marx puts it, ‘it can be said ...
... money (‘C-M’, ‘Linen-money’) and then employs that money to buy different products (‘M-C'’, ‘money-wheat’). If the overall circuit C-M-C' (where the dash in C' indicates commodities different to those in C) were the only one in existence, then Say’s Law would be true-as Marx puts it, ‘it can be said ...
