This PDF is a selection from an out-of-print volume from... of Economic Research
... yesterday’s inflation is the benchmark, then today’s inflation will be much the same as it was in the past. Cyclical factors and supply shocks, including a need to depreciate exchange rates to cope with a debt crisis, are the chief reasons that inflation has exploded in many countries. The inertial ...
... yesterday’s inflation is the benchmark, then today’s inflation will be much the same as it was in the past. Cyclical factors and supply shocks, including a need to depreciate exchange rates to cope with a debt crisis, are the chief reasons that inflation has exploded in many countries. The inertial ...
I - Niehaus Center for Globalization and Governance
... Since most politicians want to remain in power (Ames 1987), they usually try to avoid policies that are unpopular or that are supported by only a very narrow segment of the population. This should especially be the case when policymaking authority is less-thanfully centralized: leaders will face str ...
... Since most politicians want to remain in power (Ames 1987), they usually try to avoid policies that are unpopular or that are supported by only a very narrow segment of the population. This should especially be the case when policymaking authority is less-thanfully centralized: leaders will face str ...
Chapter 1
... Many small businesses in same product market Monopolistic Competition Small number of businesses Little difference in products Oligopoly Very few businesses selling a product FHF ...
... Many small businesses in same product market Monopolistic Competition Small number of businesses Little difference in products Oligopoly Very few businesses selling a product FHF ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... There are two main channels through which inflation may affect real output growth. As per the Mundell-Tobin effect, increase in inflation results in an increase in economic growth through an increase in capital accumulation. It is because of the facts that increase in inflation eases people‟s wealth ...
... There are two main channels through which inflation may affect real output growth. As per the Mundell-Tobin effect, increase in inflation results in an increase in economic growth through an increase in capital accumulation. It is because of the facts that increase in inflation eases people‟s wealth ...
... IMF World Economic Outlook (WEO): Too Slow for Too Long, April 2016 The baseline projection for global growth in 2016 is a modest 3.2 percent, broadly in line with last year, and a 0.2 percentage point downward revision relative to the January 2016 World Economic Outlook Update. The recovery is proj ...
Unit - Kurukshetra University
... (ii) Question No. 1 will be compulsory and will consist of 8 short answer type questions of 2 marks spread over the entire syllabus (2*8=16 marks). (iii) For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (16 marks each). Unit-I Theory of Demand ...
... (ii) Question No. 1 will be compulsory and will consist of 8 short answer type questions of 2 marks spread over the entire syllabus (2*8=16 marks). (iii) For the remaining four questions, students will attempt 1 out of 2 questions from each of the four units (16 marks each). Unit-I Theory of Demand ...
The Economic Performance Index (EPI)
... complicated econometric procedures that render them too complex to be of much value to the general public, or even to many public policy makers. Furthermore, most of the indexes measure business cycles, not the general state of the economy. There are a number of other partial economic indicators tha ...
... complicated econometric procedures that render them too complex to be of much value to the general public, or even to many public policy makers. Furthermore, most of the indexes measure business cycles, not the general state of the economy. There are a number of other partial economic indicators tha ...
NBER WORKING PAPER SERIES ON THE OR IRRELEVANCE OF PUBLIC
... be made about the role of the government in redisgeneral. If, behind the veil of ignorance, before individuals knew the endowments with which they were to be born they could sell enforceable Insurance policies to each other, with the payoffs a function of what endowments they were presented with, or ...
... be made about the role of the government in redisgeneral. If, behind the veil of ignorance, before individuals knew the endowments with which they were to be born they could sell enforceable Insurance policies to each other, with the payoffs a function of what endowments they were presented with, or ...
Impacts of External Shocks on Nations` Policy Responses and
... workers’ remittances, and transfers. The policy responses are disaggregated into four components in our study. They are the export penetration--increasing share in the world export markets; import substitution -- replacing imports with domestic production; and reducing domestic aggregate spending -- ...
... workers’ remittances, and transfers. The policy responses are disaggregated into four components in our study. They are the export penetration--increasing share in the world export markets; import substitution -- replacing imports with domestic production; and reducing domestic aggregate spending -- ...
Chapter 10:
... Chapter 10 begins with an overview of GDP accounting, and addresses nominal versus real values, various price deflators and the circular flow of income and expenditure. The chapter’s discussion of how the circular flow diagram can be represented in terms of both the income identity, which indicates ...
... Chapter 10 begins with an overview of GDP accounting, and addresses nominal versus real values, various price deflators and the circular flow of income and expenditure. The chapter’s discussion of how the circular flow diagram can be represented in terms of both the income identity, which indicates ...
1994-4
... Kaempfer (1991) for which appropriate Australian data are obtainable. Explanatory variables comprise real GDP per capita, unemployment rate, retail price index, real trade balance, and an average wage index.2 The dependent variable is the average tariff rate as dethaed by Magee and Young (1989). Va ...
... Kaempfer (1991) for which appropriate Australian data are obtainable. Explanatory variables comprise real GDP per capita, unemployment rate, retail price index, real trade balance, and an average wage index.2 The dependent variable is the average tariff rate as dethaed by Magee and Young (1989). Va ...
Economics, Economists, and Expectations: Microfoundations to
... by which prices rise in response to excess demand, measured by the change in stocks in response to flow disequilibrium. Boulding’s “liquid” model led to one of the first physical (and highly “liquid”) macroeconomic models: the Phillips Machine (2000 [1950]: chapter 10). Phillips’ (2000 [1950]: 73, 76– ...
... by which prices rise in response to excess demand, measured by the change in stocks in response to flow disequilibrium. Boulding’s “liquid” model led to one of the first physical (and highly “liquid”) macroeconomic models: the Phillips Machine (2000 [1950]: chapter 10). Phillips’ (2000 [1950]: 73, 76– ...
A New Monthly Indicator of Global Real Economic Activity CAMA
... combination of the three indices produces statistically significant gains up to 40% at nowcast and more than 10% at longer horizons relative to an autoregressive benchmark. The remainder of the paper is organised as follows: Section 2 provides a review of current indicators of global real economic a ...
... combination of the three indices produces statistically significant gains up to 40% at nowcast and more than 10% at longer horizons relative to an autoregressive benchmark. The remainder of the paper is organised as follows: Section 2 provides a review of current indicators of global real economic a ...
Chapter 1: Introduction
... If the money stock is constant, then the fact that demand for money depends on real GDP Y means that the equilibrium nominal interest rate varies whenever real GDP Y varies. At each possible level of total income Y, there is a different curve showing money demand as a function of the nominal interes ...
... If the money stock is constant, then the fact that demand for money depends on real GDP Y means that the equilibrium nominal interest rate varies whenever real GDP Y varies. At each possible level of total income Y, there is a different curve showing money demand as a function of the nominal interes ...
Fiscal Policy in the New Economic Consensus and Post Keynesian
... distortionary, inflationary and therefore useful mostly in extreme deflationary periods (see for example Krugman 2005). Blinder also opposes the “the case against discretionary fiscal policy,” but he explicitly does not advocate the “case for” fiscal policy. In fact, in normal times, Blinder support ...
... distortionary, inflationary and therefore useful mostly in extreme deflationary periods (see for example Krugman 2005). Blinder also opposes the “the case against discretionary fiscal policy,” but he explicitly does not advocate the “case for” fiscal policy. In fact, in normal times, Blinder support ...
Employment, productivity and output growth
... reason, Part 3 considers three different time frames: the short, medium and long term. In addition, Part 3 deliberates the cyclical behaviour of employment and productivity. As is well known, both of these macroeconomic variables are strongly and robustly procyclical. Closely connected to this obser ...
... reason, Part 3 considers three different time frames: the short, medium and long term. In addition, Part 3 deliberates the cyclical behaviour of employment and productivity. As is well known, both of these macroeconomic variables are strongly and robustly procyclical. Closely connected to this obser ...
HKUMacroch02_5e
... Only those looking for work are counted as unemployed. Those not working and not looking for work are not in the labor force. People without jobs who give up looking for work are known as discouraged workers. ...
... Only those looking for work are counted as unemployed. Those not working and not looking for work are not in the labor force. People without jobs who give up looking for work are known as discouraged workers. ...
CHAPTER IX THEORIES OP INFLATION There are seven important
... There are seven important theories of inflations 1, The cost-push theory of inflation 2« The demand-pull theory of inflation 3. Keynesian theory of inflation 4. Bent Hansen's dynamic'model of demand inflation 5. Schultze's sectoral demand-shift theory of inflation 6. The markup theory of inflation 7 ...
... There are seven important theories of inflations 1, The cost-push theory of inflation 2« The demand-pull theory of inflation 3. Keynesian theory of inflation 4. Bent Hansen's dynamic'model of demand inflation 5. Schultze's sectoral demand-shift theory of inflation 6. The markup theory of inflation 7 ...
fiscal policy in an expectations driven liquidity trap
... be conditioned on the underlying reasons for the continued weak growth performance and on how policies affect consumer confidence. Because confidence shocks can create an environment that in the short run is hard to distinguish from one caused by fundamental shocks, the best fiscal policy response i ...
... be conditioned on the underlying reasons for the continued weak growth performance and on how policies affect consumer confidence. Because confidence shocks can create an environment that in the short run is hard to distinguish from one caused by fundamental shocks, the best fiscal policy response i ...
Durable Good Inventories and the Volatility of Production
... inventories are rarely available in the literature. Without such models, many important questions regarding the business cycle cannot be rigorously addressed. For example, why are durable goods production and durable goods inventory investment usually so much more volatile than that of non-durable g ...
... inventories are rarely available in the literature. Without such models, many important questions regarding the business cycle cannot be rigorously addressed. For example, why are durable goods production and durable goods inventory investment usually so much more volatile than that of non-durable g ...
Document
... The short-run Phillips curve shows the tradeoff between the inflation rate and unemployment rate holding constant The expected inflation rate The natural unemployment rate ...
... The short-run Phillips curve shows the tradeoff between the inflation rate and unemployment rate holding constant The expected inflation rate The natural unemployment rate ...
Inflation and Unemployment: The Phillips Curve
... Explain the short-run and long-run relationships between inflation and unemployment Explain the short-run and long-run relationships between inflation and interest rates ...
... Explain the short-run and long-run relationships between inflation and unemployment Explain the short-run and long-run relationships between inflation and interest rates ...