This PDF is a selection from a published volume from... Economic Research Volume Title: Europe and the Euro
... This is an interesting and well-written chapter that presents a useful overview of fiscal policy issues and some interesting results. In these comments I will focus on what I regard as the two most important empirical questions studied in the chapter: (a) is fiscal policy more or less countercyclica ...
... This is an interesting and well-written chapter that presents a useful overview of fiscal policy issues and some interesting results. In these comments I will focus on what I regard as the two most important empirical questions studied in the chapter: (a) is fiscal policy more or less countercyclica ...
MonetaryPolicyPractice
... 4. Other things being equal, the quantity of money that people wish to hold can be expected to(refer to the Money Demand Curve): a. increase as the interest rate increases. b. decrease as the interest rate increases. c. decrease as real GDP increases. d. none of the above. 5. Which of the following ...
... 4. Other things being equal, the quantity of money that people wish to hold can be expected to(refer to the Money Demand Curve): a. increase as the interest rate increases. b. decrease as the interest rate increases. c. decrease as real GDP increases. d. none of the above. 5. Which of the following ...
ECON 3312 Macroeconomics Exam 1 Fall 2016
... 11) The marginal product of labor indicates ________. Therefore the MPL curve is also ________. A) the quantity of labor demanded for a given wage; the equilibrium price of labor B) the quantity of labor supplied for a given wage; the equilibrium price of labor C) the quantity of labor supplied for ...
... 11) The marginal product of labor indicates ________. Therefore the MPL curve is also ________. A) the quantity of labor demanded for a given wage; the equilibrium price of labor B) the quantity of labor supplied for a given wage; the equilibrium price of labor C) the quantity of labor supplied for ...
The post-Keynesian economics of credit and debt Marc Lavoie
... starts out in a coherent way. A proper balance sheet matrix also helps out to design a proper transaction-flow matrix, which will take into consideration all the financial flows associated with the assumed stocks. The same transaction-flow matrix also insures that each sector fulfills its budget con ...
... starts out in a coherent way. A proper balance sheet matrix also helps out to design a proper transaction-flow matrix, which will take into consideration all the financial flows associated with the assumed stocks. The same transaction-flow matrix also insures that each sector fulfills its budget con ...
AND DYNAMIC ADJUSTMENT OF EXPORTS AND WAGES Working Paper No. 2078
... Imports are neither produced nor consuxned domestically but rather used as intermediate inputs in the production of the home good and exports are in fixed supply. In this sense, the Keynesian and ...
... Imports are neither produced nor consuxned domestically but rather used as intermediate inputs in the production of the home good and exports are in fixed supply. In this sense, the Keynesian and ...
EU Economic Policy Surveillance of Member States
... 1. ensuring 75 % employment of 20–64-year-olds; 2. getting 3 % of the EU’s GDP invested into research and development; 3. limiting greenhouse gas emissions by 20 % or even 30 % compared to 1990 levels, creating 20 % of our energy needs from renewables and increasing our energy efficiency by 20 %; 4. ...
... 1. ensuring 75 % employment of 20–64-year-olds; 2. getting 3 % of the EU’s GDP invested into research and development; 3. limiting greenhouse gas emissions by 20 % or even 30 % compared to 1990 levels, creating 20 % of our energy needs from renewables and increasing our energy efficiency by 20 %; 4. ...
On Balance Sheets, Idiosyncratic Risk, and Aggregate Volatility: Is
... (2001), who reports that while industry and market risk have remained basically unchanged, firm-specific risk has more that doubled. Meanwhile, since the late 1990's, a large body of research has developed for understanding the moderation in the volatility of U.S. output growth. 1 By some measures, ...
... (2001), who reports that while industry and market risk have remained basically unchanged, firm-specific risk has more that doubled. Meanwhile, since the late 1990's, a large body of research has developed for understanding the moderation in the volatility of U.S. output growth. 1 By some measures, ...
Unit 7 PPT
... Measuring Economic Growth • Economic Growth: Increase in per capita real GDP measured by its rate of change per year • We focus on GDP because it measures total value of an economy’s production of final goods and services as well as the income earned in that economy in a given year. • We use real G ...
... Measuring Economic Growth • Economic Growth: Increase in per capita real GDP measured by its rate of change per year • We focus on GDP because it measures total value of an economy’s production of final goods and services as well as the income earned in that economy in a given year. • We use real G ...
LECTURE 5 Aggregate Supply
... If the prices of raw materials (the energy resources, for instance) fall, the short run aggregate supply curve rises and the short run aggregate supply curve shifts to the right. The competitiveness of the market structure is an important factor, affecting the short run aggregate supply. If the pro ...
... If the prices of raw materials (the energy resources, for instance) fall, the short run aggregate supply curve rises and the short run aggregate supply curve shifts to the right. The competitiveness of the market structure is an important factor, affecting the short run aggregate supply. If the pro ...
2016 questions - The University of Auckland
... consumer to purchase more (B) only the income effect will cause a consumer to purchase less (C) only the substitution effect will induce a consumer to purchase more (D) only the income effect will induce a consumer to purchase more ...
... consumer to purchase more (B) only the income effect will cause a consumer to purchase less (C) only the substitution effect will induce a consumer to purchase more (D) only the income effect will induce a consumer to purchase more ...
Outlook for Economic Activity and Prices (January 2017, The Bank`s
... The outlook for prices is as follows. The year-on-year rate of change in the CPI is likely to increase from about 0 percent and become slightly positive, reflecting developments in energy prices. Thereafter, it is expected to increase toward 2 percent as the output gap improves and medium- to long-t ...
... The outlook for prices is as follows. The year-on-year rate of change in the CPI is likely to increase from about 0 percent and become slightly positive, reflecting developments in energy prices. Thereafter, it is expected to increase toward 2 percent as the output gap improves and medium- to long-t ...
The European Economic Recovery Plan
... undertaken to address this systemic crisis. general support measures have to be: - well-targeted in order to be able to achieve effectively the objective of remedying a serious disturbance in the economy, - proportionate to the challenge faced, not going beyond what is required to attain this effect ...
... undertaken to address this systemic crisis. general support measures have to be: - well-targeted in order to be able to achieve effectively the objective of remedying a serious disturbance in the economy, - proportionate to the challenge faced, not going beyond what is required to attain this effect ...
macro 2301 test iii hccs
... 41. Consider a Keynesian transmission mechanism as we have discussed in class. If the economy has excess production capacity and unemployment, an expansionary monetary and/or fiscal policy will __________. a. Lower output and cause inflation b. Raise output without causing inflation c. Raise output ...
... 41. Consider a Keynesian transmission mechanism as we have discussed in class. If the economy has excess production capacity and unemployment, an expansionary monetary and/or fiscal policy will __________. a. Lower output and cause inflation b. Raise output without causing inflation c. Raise output ...
Early Warning Systems For Banking Crises
... bankers, policymakers and the public. One reason for this neglect is that most work on EWS to date has been for heterogeneous global samples dominated by emerging market crises. For such countries, time series data on bank capital adequacy and property prices are typically absent, while other variab ...
... bankers, policymakers and the public. One reason for this neglect is that most work on EWS to date has been for heterogeneous global samples dominated by emerging market crises. For such countries, time series data on bank capital adequacy and property prices are typically absent, while other variab ...
workshop 13 - Alliance for a Responsible, Plural and United World
... international financial institutions is association and the representation of common interests, but the phenomenon is not the same when it’s a matter of the same relationships with poor countries. In the first case the results are benefits and in the second case, almost inevitably, damage and loss. ...
... international financial institutions is association and the representation of common interests, but the phenomenon is not the same when it’s a matter of the same relationships with poor countries. In the first case the results are benefits and in the second case, almost inevitably, damage and loss. ...
Macroeconomic Modeling in Thailand Wiparat Panpiemras (FPO) and Arnunchanog Sakondhavat (NESDB)
... Qie = Expected export i (time trend of export i classified by commodity groups classified), where i=1,2,3,…,10 Qt = Output capacity (time trend of aggregate exports) Ytf = world gross domestic products (USGDP) Yte = Expected output (time trend of Yt) ...
... Qie = Expected export i (time trend of export i classified by commodity groups classified), where i=1,2,3,…,10 Qt = Output capacity (time trend of aggregate exports) Ytf = world gross domestic products (USGDP) Yte = Expected output (time trend of Yt) ...
Paper - CiteSeerX
... (Drehmann et al (2012)). Traditional business cycle frequencies range from 1 to 8 years: this is the range that statistical filters target when seeking to distinguish the cyclical from the trend components in GDP. By contrast, the average length of the financial cycle in a sample of seven industrial ...
... (Drehmann et al (2012)). Traditional business cycle frequencies range from 1 to 8 years: this is the range that statistical filters target when seeking to distinguish the cyclical from the trend components in GDP. By contrast, the average length of the financial cycle in a sample of seven industrial ...
NBER WORKING PAPER SERIES MONETARY POLICY IN AN UNCERTAIN ECONOMY Martin Feldstein
... This brings me to the less elaborate rules or target procedures that have been adopted by many central banks and to inflation targeting in particular. An inflation target commits the central bank to aim at a particular inflation rate or range, typically to be achieved over a relatively short multi- ...
... This brings me to the less elaborate rules or target procedures that have been adopted by many central banks and to inflation targeting in particular. An inflation target commits the central bank to aim at a particular inflation rate or range, typically to be achieved over a relatively short multi- ...
THE SERVICE ECONOMY FALLACY (THE FALLACY OF THE SERVICE ECONOMY)
... of this country, on the contrary. The US has lost almost all its wars after the Second World War and relatively few contracts have been gained when compared to the total cost of military spending. The US, for example, has so far not been able to get any of the major oil contracts in Iraq after the w ...
... of this country, on the contrary. The US has lost almost all its wars after the Second World War and relatively few contracts have been gained when compared to the total cost of military spending. The US, for example, has so far not been able to get any of the major oil contracts in Iraq after the w ...
Economic Forecast
... Albany, Glens Falls, and Ithaca rose faster than the national average through 2006 and prices in these communities have slowed ...
... Albany, Glens Falls, and Ithaca rose faster than the national average through 2006 and prices in these communities have slowed ...