WORKING PAPER SERIES Centre for Competitive Advantage in the Global Economy
... programmes of Fiscal Consolidation - mandatory for those countries in receipt of emergency Troika support. As the effects of Fiscal Consolidation have proved controversial - both in terms of the stated objectives and in terms of economic growth - we analyse how such programmes are supposed to work; ...
... programmes of Fiscal Consolidation - mandatory for those countries in receipt of emergency Troika support. As the effects of Fiscal Consolidation have proved controversial - both in terms of the stated objectives and in terms of economic growth - we analyse how such programmes are supposed to work; ...
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... of this argument is presented in Mankiw (1990). However, as noted by Mankiw, there is little empirical evidence to suggest that £uctuations in the rate of technological progress are su¤ciently large to account for the £uctuations in economic growth rates which are typically observed over the course ...
... of this argument is presented in Mankiw (1990). However, as noted by Mankiw, there is little empirical evidence to suggest that £uctuations in the rate of technological progress are su¤ciently large to account for the £uctuations in economic growth rates which are typically observed over the course ...
INFLATION A TWO-WEEK UNIT OF STUDY Albert Goldsmith
... e. Inflation does affect me. d. The most important job of the government is to control and support our money system. e. Inflation is the price we pay for full employment in this country. f. There are ways of combating inflation g. There have been more inflationary than non-inflationary years in this ...
... e. Inflation does affect me. d. The most important job of the government is to control and support our money system. e. Inflation is the price we pay for full employment in this country. f. There are ways of combating inflation g. There have been more inflationary than non-inflationary years in this ...
2014-15 Budget medium-term economic projections
... of economic estimates beyond the budget year. These additional estimates, based on medium term economic assumptions, underpinned more informative estimates of taxation revenue and the Government’s budget balance than had been provided prior to that date. This change was a manifestation of the extrao ...
... of economic estimates beyond the budget year. These additional estimates, based on medium term economic assumptions, underpinned more informative estimates of taxation revenue and the Government’s budget balance than had been provided prior to that date. This change was a manifestation of the extrao ...
Teacher: Janet Russello Year: 2010
... The History of Explain the American shifts between Banking centralized and decentralized banking before the Civil War Analyze and ...
... The History of Explain the American shifts between Banking centralized and decentralized banking before the Civil War Analyze and ...
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... Dickens, and Perry (1996) for data on establishment births and deaths. The intuition behind their model is as follows. Wages are partially determined by bargaining, that is, owners and employees share the rents of their enterprises. Establishments in economic distress are therefore typically able to ...
... Dickens, and Perry (1996) for data on establishment births and deaths. The intuition behind their model is as follows. Wages are partially determined by bargaining, that is, owners and employees share the rents of their enterprises. Establishments in economic distress are therefore typically able to ...
Consumer Sentiment, the Economy, and the News Media Mark Doms*
... emphasizes the costs and constraints in obtaining data and making decisions with that data. For instance, several papers extend Shannon’s (1948) seminal work in information theory (see, for example, Sims (2003) and Mascaroni (2003)). Many other papers that model decision making use different mechani ...
... emphasizes the costs and constraints in obtaining data and making decisions with that data. For instance, several papers extend Shannon’s (1948) seminal work in information theory (see, for example, Sims (2003) and Mascaroni (2003)). Many other papers that model decision making use different mechani ...
EU Economy Review 2006 – Adjustment Dynamics in the Euro Area
... explaining prolonged imbalances or gradual adjustment. Nonetheless, some overshooting of intra-area real exchange rates is not excluded, depending on policy responses and wage behaviour. Box 1: The New Keynesian DSGE model: methodology and simulations In recent years, the use of dynamic stochastic g ...
... explaining prolonged imbalances or gradual adjustment. Nonetheless, some overshooting of intra-area real exchange rates is not excluded, depending on policy responses and wage behaviour. Box 1: The New Keynesian DSGE model: methodology and simulations In recent years, the use of dynamic stochastic g ...
Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions
... To help assess the extent of such subcontracting, we have compiled a new dataset on shipments to the government from defense oriented industries. The source of these data are the Annual Survey of Shipments by Defense-Oriented Industries conducted by the US Census Bureau from 1963 through 1983. In se ...
... To help assess the extent of such subcontracting, we have compiled a new dataset on shipments to the government from defense oriented industries. The source of these data are the Annual Survey of Shipments by Defense-Oriented Industries conducted by the US Census Bureau from 1963 through 1983. In se ...
Why Has the Cyclicality of Productivity Changed? What Does It Mean? John G. Fernald and J. Christina Wang
... function were less persistent—they may not have extended beyond the late 1980s transition from Volcker to Greenspan. Third, we survey a range of stories for why productivity has changed cyclicality. Conceptually, many of the hypotheses involve changes in the cyclicality of ...
... function were less persistent—they may not have extended beyond the late 1980s transition from Volcker to Greenspan. Third, we survey a range of stories for why productivity has changed cyclicality. Conceptually, many of the hypotheses involve changes in the cyclicality of ...
The Relationship between Openness and Inflation in NIEs and the G7
... which cast doubts about the argument raised by Romer (1993). Although the literature does not reflect a consensus about the relationship between openness and inflation, most derived their results based on a period averaged cross-section data. It is clear that a country’s openness or inflation may va ...
... which cast doubts about the argument raised by Romer (1993). Although the literature does not reflect a consensus about the relationship between openness and inflation, most derived their results based on a period averaged cross-section data. It is clear that a country’s openness or inflation may va ...
deficit spending and stabilization behaviour in austria
... Analyzing the discretionary reactions of budget policy, the general result is reached that the later the political period occurred the less frequent were the countercyclical reactions or the more important were other economic factors of budgetary decisions. In the seventies (roughly during the SPÖ g ...
... Analyzing the discretionary reactions of budget policy, the general result is reached that the later the political period occurred the less frequent were the countercyclical reactions or the more important were other economic factors of budgetary decisions. In the seventies (roughly during the SPÖ g ...
Money and the Transmission Mechanism in the Optimizing IS
... investment spending; highly disaggregated macroeconometric models; and most general equilibrium models.2 ...
... investment spending; highly disaggregated macroeconometric models; and most general equilibrium models.2 ...
What`s so Great about the Great Moderation?
... volatility of macroeconomic aggregates beginning perhaps as early as the late 1970s. This period is identified as the Great Moderation, and a large literature has developed to understand this event. 1 Many empirical studies have focused exclusively on the United States. 2 Most investigations conside ...
... volatility of macroeconomic aggregates beginning perhaps as early as the late 1970s. This period is identified as the Great Moderation, and a large literature has developed to understand this event. 1 Many empirical studies have focused exclusively on the United States. 2 Most investigations conside ...
Working Paper Series
... criteria of not more than 8 percent headline inflation rate supports economic growth in EAC partner states. The paper estimates threshold level of inflation, which is conducive for economic growth in the three EAC founding countries, Kenya, Tanzania and Uganda using panel data set for the period 197 ...
... criteria of not more than 8 percent headline inflation rate supports economic growth in EAC partner states. The paper estimates threshold level of inflation, which is conducive for economic growth in the three EAC founding countries, Kenya, Tanzania and Uganda using panel data set for the period 197 ...
The Effects of Fiscal Policy on Employment: an
... shock as temporary, the economy will return to pre-shock level of employment and production once that fiscal policy ends. If the shock is permanent, a fiscal contraction may affect the equilibrium of the economy depending on whether the private sector is able to fill the room left by the reduction o ...
... shock as temporary, the economy will return to pre-shock level of employment and production once that fiscal policy ends. If the shock is permanent, a fiscal contraction may affect the equilibrium of the economy depending on whether the private sector is able to fill the room left by the reduction o ...
Inflation - American University
... popular mind is Milton Friedman, who is credited with leading a revival of monetarist ideas in the 1950s–1970s. ...
... popular mind is Milton Friedman, who is credited with leading a revival of monetarist ideas in the 1950s–1970s. ...
NBER WORKING PAPER SERIES WHY HAVE BUSINESS CYCLE FLUCTUATIONS BECOME LESS VOLATILE?
... The existing literature offers several explanations for the fall in business cycle volatility, though currently there is no generally accepted explanation of lower cyclical volatility. Kahn, McConnell and Perez-Quiros (2002) argue that the “information revolution” has changed the way shocks are prop ...
... The existing literature offers several explanations for the fall in business cycle volatility, though currently there is no generally accepted explanation of lower cyclical volatility. Kahn, McConnell and Perez-Quiros (2002) argue that the “information revolution” has changed the way shocks are prop ...