Greek debt and German wages
... The EU policy package is characterized by a strong believe in the efficiency and self-healing properties of the market system and a strong distrust against state activity. From the very beginning Keynesian economists criticized its design (Arestis et al 2001, Arestis and Sawyer 2004, Huffschmied 200 ...
... The EU policy package is characterized by a strong believe in the efficiency and self-healing properties of the market system and a strong distrust against state activity. From the very beginning Keynesian economists criticized its design (Arestis et al 2001, Arestis and Sawyer 2004, Huffschmied 200 ...
Interactive Tool
... A major factor in the continued growth in the American economy, as seen in the strong increase of 8.2% real GDP growth in the third quarter, is the continued improvement in productivity. Productivity, defined as the amount of output per hour of work, increased at an annual rate of 8.1% in the third ...
... A major factor in the continued growth in the American economy, as seen in the strong increase of 8.2% real GDP growth in the third quarter, is the continued improvement in productivity. Productivity, defined as the amount of output per hour of work, increased at an annual rate of 8.1% in the third ...
PDF
... To grant time means also to provide advice for the process of adjustment and in case difficulties cannot be avoided to remit the debt by calling on reserves for contingencies. This procedure seems to be more effective and less costly than the usual long and costly procedure of insolvency occupying ...
... To grant time means also to provide advice for the process of adjustment and in case difficulties cannot be avoided to remit the debt by calling on reserves for contingencies. This procedure seems to be more effective and less costly than the usual long and costly procedure of insolvency occupying ...
Monthly Review | Stagnation and Financialization: The Nature of the
... economy did not appear possible in the spring of 1980. Ironically, Sweezy in “The Crisis of American Capitalism” cited in this regard none other than Alan Greenspan, who had argued only about a month before in the March–April issue of Challenge magazine that the system was already dangerously approa ...
... economy did not appear possible in the spring of 1980. Ironically, Sweezy in “The Crisis of American Capitalism” cited in this regard none other than Alan Greenspan, who had argued only about a month before in the March–April issue of Challenge magazine that the system was already dangerously approa ...
On the Complexities of Complex Economic Dynamics
... problem. A "broad tent" definition, following Richard H. Day (1994), is that a dynamical system is complex if it endogenously does not tend asymptotically to a fixed point, a limit cycle, or an explosion. Such systems can exhibit discontinuous behavior and can be described by sets of nonlinear diffe ...
... problem. A "broad tent" definition, following Richard H. Day (1994), is that a dynamical system is complex if it endogenously does not tend asymptotically to a fixed point, a limit cycle, or an explosion. Such systems can exhibit discontinuous behavior and can be described by sets of nonlinear diffe ...
a.s 3.4 - GHEconomics
... consumption spending over the period 1995-2000? 3. Why is savings not on the table? ...
... consumption spending over the period 1995-2000? 3. Why is savings not on the table? ...
economic history of Quebec over the past six decades
... of Economic Analysis (BEA) in the United States, when it determined quarterly real GDP from 1947 to the present day. As for the National Bureau of Economic Research (NBER),2 it defines a recession as a significant decline in economic activity. This decline extends throughout the economy for a period ...
... of Economic Analysis (BEA) in the United States, when it determined quarterly real GDP from 1947 to the present day. As for the National Bureau of Economic Research (NBER),2 it defines a recession as a significant decline in economic activity. This decline extends throughout the economy for a period ...
29.3 aggregate demand
... research organization, the National Bureau of Economic Research (NBER). ...
... research organization, the National Bureau of Economic Research (NBER). ...
On Democratizing Financial Turmoil: A Minskian Analysis of the
... system, where individuals act rationally. In the current subprime crisis these are offered as explanations, too—exuberance on the part of the homeowners who knew they couldn’t afford the mortgages they undertook and bubbles resulting from overpricing real estate property. Following this logic, the ...
... system, where individuals act rationally. In the current subprime crisis these are offered as explanations, too—exuberance on the part of the homeowners who knew they couldn’t afford the mortgages they undertook and bubbles resulting from overpricing real estate property. Following this logic, the ...
a. Complete the table.
... Macro text: chs 6, 7, 9 (this chapter introduces the core model), 10 concepts required are the consumption function, the mpc, mps and the concept of the multiplier, the calculation of the multiplier and the impact of the multiplier on the AD curve. You are not required to be able to use the aggregat ...
... Macro text: chs 6, 7, 9 (this chapter introduces the core model), 10 concepts required are the consumption function, the mpc, mps and the concept of the multiplier, the calculation of the multiplier and the impact of the multiplier on the AD curve. You are not required to be able to use the aggregat ...
The Asynchronous Monetary Stances of Advanced Economies and
... sensitive to structural factors (SARB, 2014). However, the FED normalisation is likely to reverse the relatively low yield at the longer end of the curve (SARB, 2014). Ultimately, the asynchronous monetary decisions of the FED and the ECB will have contrasting impacts on capital flows to South Afric ...
... sensitive to structural factors (SARB, 2014). However, the FED normalisation is likely to reverse the relatively low yield at the longer end of the curve (SARB, 2014). Ultimately, the asynchronous monetary decisions of the FED and the ECB will have contrasting impacts on capital flows to South Afric ...
A HETERODOX CRITIQUE OF NEOCLASSICAL MICROECONOMIC
... This assumption has a conceptual problem that can be called the curse of dimensionality . For example, if it is assumed that there are thirty different goods and services and the quantity of each yi can vary from zero to ten (although in principle the upper bound is unrestricted), the number of diff ...
... This assumption has a conceptual problem that can be called the curse of dimensionality . For example, if it is assumed that there are thirty different goods and services and the quantity of each yi can vary from zero to ten (although in principle the upper bound is unrestricted), the number of diff ...
Ed Yardeni - EuroCapital
... In a long paragraph on the same subject, Bernanke identified the depression in the housing industry as one of the main reasons why the US economic recovery has been so weak: “Notably, the housing sector has been a significant driver of recovery from most recessions in the United States since World W ...
... In a long paragraph on the same subject, Bernanke identified the depression in the housing industry as one of the main reasons why the US economic recovery has been so weak: “Notably, the housing sector has been a significant driver of recovery from most recessions in the United States since World W ...
Document
... Slovenia applied for full membership. 1997: Interim Agreement entered into force (January) 1998: Accession negotiations started (April) 1999: Association Agreement entered into force (February) 2002: Accession negotiations concluded (13th December) 2003: Accession Treaty signed (16th April) 2004: Me ...
... Slovenia applied for full membership. 1997: Interim Agreement entered into force (January) 1998: Accession negotiations started (April) 1999: Association Agreement entered into force (February) 2002: Accession negotiations concluded (13th December) 2003: Accession Treaty signed (16th April) 2004: Me ...
6The Short-run Model for the Closed Economy
... economic growth have sometimes led people to believe that the business cycle was dead, Figs 19.1 and 19.2 show that it is still alive and well: economic activity continues to fluctuate in an irregular cyclical manner around its long-run growth trend, and at the start of the present decade the growth ...
... economic growth have sometimes led people to believe that the business cycle was dead, Figs 19.1 and 19.2 show that it is still alive and well: economic activity continues to fluctuate in an irregular cyclical manner around its long-run growth trend, and at the start of the present decade the growth ...
Finance-dominated capitalism in crisis – the
... incentives, personal greed, fraud, naïve beliefs, and herding behaviour by economic actors, which have given rise to housing price bubbles, and their subsequent bursting.3 It is certainly true that, on the one hand, inefficient regulation of financial markets is an important source of the present cr ...
... incentives, personal greed, fraud, naïve beliefs, and herding behaviour by economic actors, which have given rise to housing price bubbles, and their subsequent bursting.3 It is certainly true that, on the one hand, inefficient regulation of financial markets is an important source of the present cr ...
The Rebirth of the Liberal Creed: Paths to
... data to analytical categories for thinking about economic questions and courses of action regarding economic policy. While this “normative” analytical framework correctly identifies some important vehicles for the dissemination of an economic consensus, it does not account for the latter’s substanti ...
... data to analytical categories for thinking about economic questions and courses of action regarding economic policy. While this “normative” analytical framework correctly identifies some important vehicles for the dissemination of an economic consensus, it does not account for the latter’s substanti ...