On emerging markets decoupling and growth convergence
... exceptions, emerging markets have been exhibiting growth outperformance that, according to most analysts’ forecasts, will continue (and possibly deepen) in the next few years (Figure 2). Sensitivity to global shocks is a key aspect of decoupling in terms of the risk associated with EM assets, which ...
... exceptions, emerging markets have been exhibiting growth outperformance that, according to most analysts’ forecasts, will continue (and possibly deepen) in the next few years (Figure 2). Sensitivity to global shocks is a key aspect of decoupling in terms of the risk associated with EM assets, which ...
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... much of the short-run effect. The reason is that what matters for the amount of labor supplied and for employee loyalty – quitting, shirking, and other behavior determining the amount of unemployment – is not the absolute wage but the wage as a ratio of the workers’ wage to their accumulated wealth ...
... much of the short-run effect. The reason is that what matters for the amount of labor supplied and for employee loyalty – quitting, shirking, and other behavior determining the amount of unemployment – is not the absolute wage but the wage as a ratio of the workers’ wage to their accumulated wealth ...
Macroeconomic Equilibrium File
... In the short term, especially in situations where the product is very low, the short-run aggregate supply (SRAS) is very flexible (almost horizontal). It reflects the dependencies between products and prices, asserting itself in the time horizon 1-2 years. As can be seen in Fig. 3.1, if the aggregat ...
... In the short term, especially in situations where the product is very low, the short-run aggregate supply (SRAS) is very flexible (almost horizontal). It reflects the dependencies between products and prices, asserting itself in the time horizon 1-2 years. As can be seen in Fig. 3.1, if the aggregat ...
Market Focus –IMF calls for rebalancing of world growth
... projections, despite double-dip concerns and the deterioration in the economic data since July. Global growth for 2010 was revised up by 0.2% to 4.8%, while the 2011 number was marginally lower at 4.2%. ♦ Within the Advanced G20, significant downgrades to the US numbers were partially offset by upgr ...
... projections, despite double-dip concerns and the deterioration in the economic data since July. Global growth for 2010 was revised up by 0.2% to 4.8%, while the 2011 number was marginally lower at 4.2%. ♦ Within the Advanced G20, significant downgrades to the US numbers were partially offset by upgr ...
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... developed nations vis-a-vis developing nations. The second class of problems deals with the highest good. For example, is anything good for its own sake, quite apart from any value it might have as a means to something else? Defining 11 development 11 or "progress" and relating them to means fit in ...
... developed nations vis-a-vis developing nations. The second class of problems deals with the highest good. For example, is anything good for its own sake, quite apart from any value it might have as a means to something else? Defining 11 development 11 or "progress" and relating them to means fit in ...
Argentina: A Decade of the Convertibility Regime
... availability have an immediate impact on the domestic interest rates, on the supplies of money and credit, and, thus, on the short-run macroeconomic performance. This feature is particularly disadvantageous, given the evident volatility of international capital movements. The two aforementioned cycl ...
... availability have an immediate impact on the domestic interest rates, on the supplies of money and credit, and, thus, on the short-run macroeconomic performance. This feature is particularly disadvantageous, given the evident volatility of international capital movements. The two aforementioned cycl ...
Supply-side economics: its role in curing inflation
... that higher productivity brings will show up in smaller increases in prices. If workers then accept smaller wage increases because inflation is moderating, costs would rise still more slowly and the inflation rate would come down ...
... that higher productivity brings will show up in smaller increases in prices. If workers then accept smaller wage increases because inflation is moderating, costs would rise still more slowly and the inflation rate would come down ...
14.02 Principles of Macroeconomics Problem Set 3 Solutions Fall 2004
... expansionary fiscal policy comes at a cost of a larger trade deficit. (See page 430.) So far, we have focused primarily on the negative side of a fixed exchange rate system. To stay within the scope of Chapter 20, we will only mention some of the pros. If the Mundellian economy closely followed the ...
... expansionary fiscal policy comes at a cost of a larger trade deficit. (See page 430.) So far, we have focused primarily on the negative side of a fixed exchange rate system. To stay within the scope of Chapter 20, we will only mention some of the pros. If the Mundellian economy closely followed the ...
Cyclical adjustment of the government budget balance
... Cyclical adjustment is an important part of the toolkit for the conduct and assessment of fiscal policy. At the same time, all methods of cyclical adjustment have their limitations. It is therefore important that estimates of the cyclically adjusted budget balance are properly interpreted, bearing t ...
... Cyclical adjustment is an important part of the toolkit for the conduct and assessment of fiscal policy. At the same time, all methods of cyclical adjustment have their limitations. It is therefore important that estimates of the cyclically adjusted budget balance are properly interpreted, bearing t ...
FRBSF E L CONOMIC ETTER
... earlier measures provides an indication of what can be expected from the current measures. Roughly one-third of the cost of the fiscal stimulus package in 2008 comes from a temporary bonus depreciation allowance, aimed at reducing taxes for firms that invest in qualified equipment and structures dur ...
... earlier measures provides an indication of what can be expected from the current measures. Roughly one-third of the cost of the fiscal stimulus package in 2008 comes from a temporary bonus depreciation allowance, aimed at reducing taxes for firms that invest in qualified equipment and structures dur ...
NBER WORKING PAPER SERIES AN INTEGRATED APPROACH
... foreign good that are imperfect substitutes. The domestic good is a composite of a continuum of differentiated goods, each produced by an associated monopolistically competitive firm at home. The home economy is small in the sense that it does not influence foreign output, the foreign price level or ...
... foreign good that are imperfect substitutes. The domestic good is a composite of a continuum of differentiated goods, each produced by an associated monopolistically competitive firm at home. The home economy is small in the sense that it does not influence foreign output, the foreign price level or ...
AP ch1 pt - woodlandecon
... C. a study of the trend of pecan prices since the Second World War D. a case study of pricing and production in the textbook industry 44. Which of the following statements pertains to macroeconomics? A. Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. B. A decline in ...
... C. a study of the trend of pecan prices since the Second World War D. a case study of pricing and production in the textbook industry 44. Which of the following statements pertains to macroeconomics? A. Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. B. A decline in ...
LarrySummers Central Bank of Chile
... changed that should not have been expected to be constant. That there are a variety of trends that are evolving that have led to lower real rates with the right presumption being that that will continue to be the case for quite some time to come. There are, I think, two primary alternatives to this ...
... changed that should not have been expected to be constant. That there are a variety of trends that are evolving that have led to lower real rates with the right presumption being that that will continue to be the case for quite some time to come. There are, I think, two primary alternatives to this ...