Some instability puzzles in Kaleckian models of growth and
... function of the profit share and a negative function of the employment rate. If the employment rate rises above its steady state value, capitalists reduce output growth, sales growth declines, the actual rate of utilization falls, and the constant in the investment function starts to shrink. The cau ...
... function of the profit share and a negative function of the employment rate. If the employment rate rises above its steady state value, capitalists reduce output growth, sales growth declines, the actual rate of utilization falls, and the constant in the investment function starts to shrink. The cau ...
NCEA Level 2 Economics (91224) 2014
... Compares and contrasts the impact of the change that the government expenditure will make on Real GDP over time by: • explaining in detail what type of businesses would have the largest positive impact during the installation phase of UFB • explaining in detail what type of businesses would have the ...
... Compares and contrasts the impact of the change that the government expenditure will make on Real GDP over time by: • explaining in detail what type of businesses would have the largest positive impact during the installation phase of UFB • explaining in detail what type of businesses would have the ...
Assessment Schedule – 2014
... Compares and contrasts the impact of the change that the government expenditure will make on Real GDP over time by: explaining in detail what type of businesses would have the largest positive impact during the installation phase of UFB explaining in detail what type of businesses would have the ...
... Compares and contrasts the impact of the change that the government expenditure will make on Real GDP over time by: explaining in detail what type of businesses would have the largest positive impact during the installation phase of UFB explaining in detail what type of businesses would have the ...
The History of Economic Development in Ireland
... geography of economic activity is that it often occurs in forms that are highly concentrated spatially because of the presence of increasing returns to scale and agglomeration economies that come from the more intense economic interactions that proximity encourages (Krugman, 1991). Continental Europ ...
... geography of economic activity is that it often occurs in forms that are highly concentrated spatially because of the presence of increasing returns to scale and agglomeration economies that come from the more intense economic interactions that proximity encourages (Krugman, 1991). Continental Europ ...
ch21, lecture
... government increases spending by $500 billion. As a result, aggregate demand will rise by a. zero. b. $2,500 billion. c. more than $2,500 billion. d. less than $2,500 billion. B. Change in aggregate demand (Y) = initial change in government spending (G) x spending ...
... government increases spending by $500 billion. As a result, aggregate demand will rise by a. zero. b. $2,500 billion. c. more than $2,500 billion. d. less than $2,500 billion. B. Change in aggregate demand (Y) = initial change in government spending (G) x spending ...
The Great Recession versus the Great Depression
... countries for seven activity indicators. This is done under the assumption that the Recent Crisis leveled off in mid-2009 for production and will do so for unemployment in 2010. Our data indicate that the Recent Crisis indeed had the potential to be another Great Depression, as shown by the speed an ...
... countries for seven activity indicators. This is done under the assumption that the Recent Crisis leveled off in mid-2009 for production and will do so for unemployment in 2010. Our data indicate that the Recent Crisis indeed had the potential to be another Great Depression, as shown by the speed an ...
THE INTERNATIONAL MONETARY SHOULD IT BE REFORMED? Working Paper No. 2163
... would deteriorate and be transformed into its "bad" counterpart depends on the circumstances and, therefore, it is likely that some countries would be wise to choose greater fixity of rates while other countries would be ...
... would deteriorate and be transformed into its "bad" counterpart depends on the circumstances and, therefore, it is likely that some countries would be wise to choose greater fixity of rates while other countries would be ...
Zestos(243).pdf
... Reserve member commercial banks charge each other when they borrow overnight reserves to meet the Fed reserve requirement. The rff therefore is the price of the borrowed reserves. The government deficit employed in the study is the fiscal policy variable used by the US Congress and the President to ...
... Reserve member commercial banks charge each other when they borrow overnight reserves to meet the Fed reserve requirement. The rff therefore is the price of the borrowed reserves. The government deficit employed in the study is the fiscal policy variable used by the US Congress and the President to ...
Uk Economic Forecast Q1 2014 BUSINESS WITH CONFIDENCE icaew.com/ukeconomicforecast
... Focus on: spare capacity – when will interest rates rise? (continued) this is down from the high of 62% seen in Q4 2012. Although the share of businesses operating below capacity has been on a trend downward path in recent quarters, as the economy has strengthened, it remains relatively high. This ...
... Focus on: spare capacity – when will interest rates rise? (continued) this is down from the high of 62% seen in Q4 2012. Although the share of businesses operating below capacity has been on a trend downward path in recent quarters, as the economy has strengthened, it remains relatively high. This ...
sfb 6 4 9 economicriskberlin - CRC 649 - Humboldt
... Figure 4 shows the impulse responses of the higher volatility state that are resulted from the identification via changes in volatility. We label the first shock as the aggregate demand shock because its effects on output and unemployment go in the opposite directions, which is a stylized fact. In c ...
... Figure 4 shows the impulse responses of the higher volatility state that are resulted from the identification via changes in volatility. We label the first shock as the aggregate demand shock because its effects on output and unemployment go in the opposite directions, which is a stylized fact. In c ...
CURRICULUM VITAE - Brookings Institution
... Named to shortlist for Council on Foreign Relation’s Arthur Ross Book Award for 2014. China Business News “Financial Book of the Year” award, short list (three books), 2013 Financial Times list of “Books of the Year” in Economics for 2013 Choice magazine’s list of Outstanding Academic Titles ...
... Named to shortlist for Council on Foreign Relation’s Arthur Ross Book Award for 2014. China Business News “Financial Book of the Year” award, short list (three books), 2013 Financial Times list of “Books of the Year” in Economics for 2013 Choice magazine’s list of Outstanding Academic Titles ...
NBER WORKING PAPER SERIES STABILIZATION POLICIES AND THE Working Paper No. 1373
... that fails to reveal the aggregate productivity shock. Thus, nominal contracts inflict two types of cost. The first relates to the deterioration in the aggregate information available to the decision maker, due to the presence of one less economy—wide market.3 The second relates to the consequences ...
... that fails to reveal the aggregate productivity shock. Thus, nominal contracts inflict two types of cost. The first relates to the deterioration in the aggregate information available to the decision maker, due to the presence of one less economy—wide market.3 The second relates to the consequences ...
chapter 12 - McGraw Hill Higher Education
... b. No. Though an increase in saving can have a short-run contractionary effect on real output, in the long run high savings promote economic growth, since saving is essential for investment in new capital goods to take place. ...
... b. No. Though an increase in saving can have a short-run contractionary effect on real output, in the long run high savings promote economic growth, since saving is essential for investment in new capital goods to take place. ...
- Munich Personal RePEc Archive
... dimension. In our analysis, we replaced the cross-sectional dimension with a second timerelated dimension representing the different recessions. Our two basic regression variables are EXURi,t and NGAPi,t where i represents the particular recession and t represents the number of quarters since the be ...
... dimension. In our analysis, we replaced the cross-sectional dimension with a second timerelated dimension representing the different recessions. Our two basic regression variables are EXURi,t and NGAPi,t where i represents the particular recession and t represents the number of quarters since the be ...
ECON 101 - COURSE EXAM
... The desires of resource suppliers and producers to further their own selfinterest will automatically further the public interest. b. The nonsubstitutability of resources gives rise to a conflict between private and public interests and the need for government intervention c. Mixed capitalism is the ...
... The desires of resource suppliers and producers to further their own selfinterest will automatically further the public interest. b. The nonsubstitutability of resources gives rise to a conflict between private and public interests and the need for government intervention c. Mixed capitalism is the ...
Chapter 9 - Sandra Gonzalez Camarena
... to learn how to repair microcomputers. The type of unemployment Kevin is faced with is: a) Cyclical b) Frictional c) Structural d) Natural Copyright © Houghton Mifflin Company. All rights reserved. ...
... to learn how to repair microcomputers. The type of unemployment Kevin is faced with is: a) Cyclical b) Frictional c) Structural d) Natural Copyright © Houghton Mifflin Company. All rights reserved. ...
Planned aggregate expenditure - McGraw Hill Higher Education
... 3. Analyze how an economy reaches short-run equilibrium in the basic Keynesian model, using both numbers and graphs 4. Show how a change in planned aggregate expenditure can cause a change in short-run equilibrium output and how this is related to the income-expenditure multiplier 5. Explain why the ...
... 3. Analyze how an economy reaches short-run equilibrium in the basic Keynesian model, using both numbers and graphs 4. Show how a change in planned aggregate expenditure can cause a change in short-run equilibrium output and how this is related to the income-expenditure multiplier 5. Explain why the ...