This Paper - World Review of Business Research
... exchange rate. For this purpose, Rautava (2004) used data from 1995Q1 to 2002Q4. The variables: GDP, revenues, real exchange rates, and international oil prices have been used in Rautava (2004). He found long run relationship between real official exchange rate and economic growth of Russia. Also fo ...
... exchange rate. For this purpose, Rautava (2004) used data from 1995Q1 to 2002Q4. The variables: GDP, revenues, real exchange rates, and international oil prices have been used in Rautava (2004). He found long run relationship between real official exchange rate and economic growth of Russia. Also fo ...
Monetary Policy in the Midst of Big Shocks
... turning what otherwise would have been a "garden variety" recession into the Great Depression (see Friedman and Schwartz (1963), and Bernanke (1995)). The de‡ation of 1920-22, however, has received comparatively little attention in the literature..This section …rst compares economic performance duri ...
... turning what otherwise would have been a "garden variety" recession into the Great Depression (see Friedman and Schwartz (1963), and Bernanke (1995)). The de‡ation of 1920-22, however, has received comparatively little attention in the literature..This section …rst compares economic performance duri ...
ResearchBrief173
... percent per year. In this period, annual average growth rate is also quite high with 4.8 percent. It is worth to remind once again that "growth without employment" claim for this period is obviously fallacious. The second-sub period with unchanged informality rate for wage earners covers the crisis ...
... percent per year. In this period, annual average growth rate is also quite high with 4.8 percent. It is worth to remind once again that "growth without employment" claim for this period is obviously fallacious. The second-sub period with unchanged informality rate for wage earners covers the crisis ...
ECON
... An introduction to game theory - a type of applied mathematics that describes strategic behaviour. Examples will be drawn from economics, political science, sociology and biology. This interdisciplinary course is open to students who have successfully completed 15 term courses(45 ch) or by permissio ...
... An introduction to game theory - a type of applied mathematics that describes strategic behaviour. Examples will be drawn from economics, political science, sociology and biology. This interdisciplinary course is open to students who have successfully completed 15 term courses(45 ch) or by permissio ...
NEER WORKING PAPER SERIES THE AMERICAN FISCAL DEFICIT: FACTS AND EFFECTS Herschel Grossman
... deficit since the Kennedy—Johnson term. These data indicate that the American political and institutional framework does not ...
... deficit since the Kennedy—Johnson term. These data indicate that the American political and institutional framework does not ...
Economic Fluctuations, Unemployment, and Inflation
... •Although real GDP in the United States has grown at an average rate of approximately 3%, the growth has been characterized by economic upsand-downs. Note: periods of recession are indicated with shading. Annual rate of growth in real GDP ...
... •Although real GDP in the United States has grown at an average rate of approximately 3%, the growth has been characterized by economic upsand-downs. Note: periods of recession are indicated with shading. Annual rate of growth in real GDP ...
An Integrated Micro-Macro (IMM) approach to the
... using quantitative criteria, they also need to incorporate qualitative criteria into the decisionmaking process, a process that is never straightforward. Finally, decision making in the public domain is not a one-shot activity, but part of a choice process (see Medda and Nijkamp, 2003). Hence, choic ...
... using quantitative criteria, they also need to incorporate qualitative criteria into the decisionmaking process, a process that is never straightforward. Finally, decision making in the public domain is not a one-shot activity, but part of a choice process (see Medda and Nijkamp, 2003). Hence, choic ...
Inflation Targeting with a backward Bending Phillips Curve
... thereafter inflation expectations start to increase, causing the economy to shift to a higher short-run Phillips curve and eventually track back to a new point on the long-run Phillips curve where expected inflation again equals (higher) actual inflation. Third, though the Friedman – Phelps model al ...
... thereafter inflation expectations start to increase, causing the economy to shift to a higher short-run Phillips curve and eventually track back to a new point on the long-run Phillips curve where expected inflation again equals (higher) actual inflation. Third, though the Friedman – Phelps model al ...
Income distribution and borrowing. A New Cambridge model for the
... No one saw this coming? Some critics may argue against a prediction which started in 1999, on the ground of the “stopped clock syndrome”. Bezemer (forthcoming) “No One Saw This Coming” reviews the relevant literature and finds that only 12 economists (and their teams) anticipated the recession “…in ...
... No one saw this coming? Some critics may argue against a prediction which started in 1999, on the ground of the “stopped clock syndrome”. Bezemer (forthcoming) “No One Saw This Coming” reviews the relevant literature and finds that only 12 economists (and their teams) anticipated the recession “…in ...
Should Regulation Be Countercyclical?
... earned on other goods and services, increasing the flow of money throughout the economy. Purchases of goods also draw down inventories. As inventories fall, businesses rehire workers, who spend their paychecks on more goods, drawing down inventories further. 12 When the government increases spending ...
... earned on other goods and services, increasing the flow of money throughout the economy. Purchases of goods also draw down inventories. As inventories fall, businesses rehire workers, who spend their paychecks on more goods, drawing down inventories further. 12 When the government increases spending ...
Chapter 10
... investment increases by less than the amount of government saving, i.e., BE1 < AE1. This is because the market clearing equilibrium real interest rate decreases from 5% to 4%, causing the quantity of private saving supplied to decrease as we move down the PS curve from E0 to A. The decrease in the q ...
... investment increases by less than the amount of government saving, i.e., BE1 < AE1. This is because the market clearing equilibrium real interest rate decreases from 5% to 4%, causing the quantity of private saving supplied to decrease as we move down the PS curve from E0 to A. The decrease in the q ...
Empirical Analysis on the Relationship Between Logistics Industry
... Logistics,called ‘the source of third profit’[1], is considered the artery and elementary industry of national economic development and has been growing rapidly, which has presented new challenges on the development of China’s urban logistics and at the same time makes it an important part of the re ...
... Logistics,called ‘the source of third profit’[1], is considered the artery and elementary industry of national economic development and has been growing rapidly, which has presented new challenges on the development of China’s urban logistics and at the same time makes it an important part of the re ...
1 Demographics, Human Capital and Economic
... educational attainment also accounted for about a third, while growth in total factor productivity accounted for the remaining third; and (iii) increases in life expectancy at birth have been a major contributor to improvements in welfare, accounting for nearly half of the increase in a measure of a ...
... educational attainment also accounted for about a third, while growth in total factor productivity accounted for the remaining third; and (iii) increases in life expectancy at birth have been a major contributor to improvements in welfare, accounting for nearly half of the increase in a measure of a ...
Housing markets and the economy: the assessment
... China, and India are quite different from Anglo economies in the role of housing. Section V discusses these issues and summarizes recent evidence on the size of the housing collateral effect and how it may have shifted with credit-market liberalization. The significance of credit markets and the pot ...
... China, and India are quite different from Anglo economies in the role of housing. Section V discusses these issues and summarizes recent evidence on the size of the housing collateral effect and how it may have shifted with credit-market liberalization. The significance of credit markets and the pot ...
16 EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC
... subjecting the administrative framework of the financial system to its whims and caprices, such that financial policies formulated and implemented suit its desires. Their developmental strategies were designed such that the government or its agencies were vested with the responsibility to make decis ...
... subjecting the administrative framework of the financial system to its whims and caprices, such that financial policies formulated and implemented suit its desires. Their developmental strategies were designed such that the government or its agencies were vested with the responsibility to make decis ...
Devolution and economic growth A publication for the London
... that local government may have in practice 9. For example, local government may be restricted in how much they can raise (i.e. centralised limits) and where they can spend (i.e. ring-fenced funding). Although some studies have attempted to capture the decision-making power of local government, diffi ...
... that local government may have in practice 9. For example, local government may be restricted in how much they can raise (i.e. centralised limits) and where they can spend (i.e. ring-fenced funding). Although some studies have attempted to capture the decision-making power of local government, diffi ...
Unit III Answers to Extra Practice Questions CHAPTER 9
... wealth would lead to an increase in consumer spending which would shift the consumption schedule upward to a higher equilibrium output level. (b) The probable effect of a sharp rise in stock prices would be to increase shareholder purchases as a result of a rise in wealth, thus shifting the consumpt ...
... wealth would lead to an increase in consumer spending which would shift the consumption schedule upward to a higher equilibrium output level. (b) The probable effect of a sharp rise in stock prices would be to increase shareholder purchases as a result of a rise in wealth, thus shifting the consumpt ...
Why DSGE analysis cannot accurately model financial-real sector interaction
... The claim that exchange is momentary may seem bland at first inspection but turns out to have powerful theoretical implications. To start with, it implies that transacted amounts should be regarded as momentary stocks rather than as periodic flows, as is the current convention. This convention can b ...
... The claim that exchange is momentary may seem bland at first inspection but turns out to have powerful theoretical implications. To start with, it implies that transacted amounts should be regarded as momentary stocks rather than as periodic flows, as is the current convention. This convention can b ...
