This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: New Developments in Productivity Analysis
... A more subtle problem arises in the interpretation of the ratio St. The basic accounting identities shown in equations (1) and (2) can be read from the standpoint of either the consumer or the producer. Virtually all productivity studies have, however, opted for the producer-side interpretation, as ...
... A more subtle problem arises in the interpretation of the ratio St. The basic accounting identities shown in equations (1) and (2) can be read from the standpoint of either the consumer or the producer. Virtually all productivity studies have, however, opted for the producer-side interpretation, as ...
NBER WORKING PAPER SERIES TOWARDS A THEORY OF FIRM ENTRY
... recently reconsidered di¤erent dimensions in which models with …rm entry and product variety can contribute to our understanding of the business cycle in closed and open economies (e.g. Ghironi and Melitz, 2005; Jaimovich, 2004). These aim to provide a more realistic model of imperfectly competitive ...
... recently reconsidered di¤erent dimensions in which models with …rm entry and product variety can contribute to our understanding of the business cycle in closed and open economies (e.g. Ghironi and Melitz, 2005; Jaimovich, 2004). These aim to provide a more realistic model of imperfectly competitive ...
Strategies for Controlling Inflation
... price stability is the appropriate long-term goal for monetary policy. The answer is that price stability promotes an economic system that functions more efficiently. If price stability does not persist, that is, inflation occurs, there are several economic costs to the society. While these costs te ...
... price stability is the appropriate long-term goal for monetary policy. The answer is that price stability promotes an economic system that functions more efficiently. If price stability does not persist, that is, inflation occurs, there are several economic costs to the society. While these costs te ...
File - Georgia Test Practice
... Which of the following is NOT one of the three basic economic questions that must be answered in an economy? A What to produce B When to produce C How to produce D For Whom to produce (correct answer B) Competition and free enterprise are most common in which type of economic system? A traditional B ...
... Which of the following is NOT one of the three basic economic questions that must be answered in an economy? A What to produce B When to produce C How to produce D For Whom to produce (correct answer B) Competition and free enterprise are most common in which type of economic system? A traditional B ...
apers g P orkin al Bank W
... In this paper we attempt to shed light on the impact of monetary policy on residentialproperty and equity prices, inflation and output growth to monetary policy shocks for a panel of 17 OECD countries using quarterly data for the period 1986-2006. 4 The analysis proceeds in three steps. Following I ...
... In this paper we attempt to shed light on the impact of monetary policy on residentialproperty and equity prices, inflation and output growth to monetary policy shocks for a panel of 17 OECD countries using quarterly data for the period 1986-2006. 4 The analysis proceeds in three steps. Following I ...
Ch 10: The AD-AS Model and Fiscal Policy
... The deficit increased and real income rose by more than the increase in the deficit. ...
... The deficit increased and real income rose by more than the increase in the deficit. ...
Presidents and the U.S. Economy: An Econometric Exploration
... equal (3.8% for Democrats, 3.9% for Republicans, annualized), so Democratic presidents preside over growth that is faster but not more volatile.3 The estimated D-R growth gap is sensitive to the presumed lag between a presidential election and any possible effects of the newly-elected president on ...
... equal (3.8% for Democrats, 3.9% for Republicans, annualized), so Democratic presidents preside over growth that is faster but not more volatile.3 The estimated D-R growth gap is sensitive to the presumed lag between a presidential election and any possible effects of the newly-elected president on ...
preparing for the eoct
... prepare to take the Economics/Business/ Free Enterprise EOCT. It will give you valuable information about the EOCT, explain how to prepare to take the EOCT, and provide some opportunities to practice for the EOCT. The study guide is organized into three sections. Each section focuses on a different ...
... prepare to take the Economics/Business/ Free Enterprise EOCT. It will give you valuable information about the EOCT, explain how to prepare to take the EOCT, and provide some opportunities to practice for the EOCT. The study guide is organized into three sections. Each section focuses on a different ...
Monetary Policy - Macmillan Learning
... one-month CDs fell by almost the same percentage is not an accident: all short-term interest rates tend to move together, with rare exceptions. The reason shortterm interest rates tend to move together is that CDs and other short-term assets (like one-month and three-month U.S. Treasury bills) are i ...
... one-month CDs fell by almost the same percentage is not an accident: all short-term interest rates tend to move together, with rare exceptions. The reason shortterm interest rates tend to move together is that CDs and other short-term assets (like one-month and three-month U.S. Treasury bills) are i ...
Optimal fiscal and monetary policy action in a closed economy!
... the 60% target level, which is the reference level of the Maastricht Treaty, should be achieved within 5 to 12.5 years depending on how distorting the …scal instrument is (5 years if we use public spending or consumption taxes, and 12.5 years if we use capital taxes). This pace should be slower if t ...
... the 60% target level, which is the reference level of the Maastricht Treaty, should be achieved within 5 to 12.5 years depending on how distorting the …scal instrument is (5 years if we use public spending or consumption taxes, and 12.5 years if we use capital taxes). This pace should be slower if t ...
Economics - Eastern Cape Department of Education
... edition of Mind the Gap study guides for Grade 12 learners. These study guides continue the innovative and committed attempt by the Department of Basic Education to improve the academic performance of Grade 12 candidates in the National Senior Certificate (NSC) examination. The study guides have bee ...
... edition of Mind the Gap study guides for Grade 12 learners. These study guides continue the innovative and committed attempt by the Department of Basic Education to improve the academic performance of Grade 12 candidates in the National Senior Certificate (NSC) examination. The study guides have bee ...
Grassroots Festival
... increase in just the past five years. That amount is greater than the Gross Domestic Product of most countries. This spending supports 5.7 million full-time jobs right here in the U.S.—an increase of 850,000 jobs since our 2002 study. What’s more, because arts and culture organizations are strongly ...
... increase in just the past five years. That amount is greater than the Gross Domestic Product of most countries. This spending supports 5.7 million full-time jobs right here in the U.S.—an increase of 850,000 jobs since our 2002 study. What’s more, because arts and culture organizations are strongly ...
PDF Download
... (for a detailed discussion, see Calmfors and WrenLewis 2011). For example, when fiscal programmes are not sustainable in the long term, governments may put off taking corrective action. While sometimes such delays may be justified – to help recovery from a recession, for example, as Wren-Lewis (2011 ...
... (for a detailed discussion, see Calmfors and WrenLewis 2011). For example, when fiscal programmes are not sustainable in the long term, governments may put off taking corrective action. While sometimes such delays may be justified – to help recovery from a recession, for example, as Wren-Lewis (2011 ...
Potential output, output gaps and structural budget balances
... output gaps provide a useful guide to the balance between supply and demand influences and hence the assessment of inflation pressures.' For the medium term, measures of productive potential - those which embody information about trend developments in the stock of capital, the labour force and facto ...
... output gaps provide a useful guide to the balance between supply and demand influences and hence the assessment of inflation pressures.' For the medium term, measures of productive potential - those which embody information about trend developments in the stock of capital, the labour force and facto ...
File - MCNEIL ECONOMICS
... supply. This model can be used to explain real domestic output and the level of prices at any point in time and to understand what causes output and the price level to change. The aggregate demand (AD) curve is downsloping. Changes in the price level have an inverse effect on the level of spending b ...
... supply. This model can be used to explain real domestic output and the level of prices at any point in time and to understand what causes output and the price level to change. The aggregate demand (AD) curve is downsloping. Changes in the price level have an inverse effect on the level of spending b ...
Durable Goods, Financial Frictions, and Business Cycles in
... Business cycles in emerging economies are characterized by strongly countercyclical current accounts and sovereign interest rates and by highly volatile consumption. In addition, total consumption expenditure volatility exceeds that of income (Aguiar and Gopinath, 2007). This fact is known as the “e ...
... Business cycles in emerging economies are characterized by strongly countercyclical current accounts and sovereign interest rates and by highly volatile consumption. In addition, total consumption expenditure volatility exceeds that of income (Aguiar and Gopinath, 2007). This fact is known as the “e ...