Productivity Growth and the New Economy
... widely debated, but at least part was clearly due to astonishing productivity growth in the new economy sectors of information technology and communications. This period led to yet another paradox, identified by Robert Gordon, who argued that, after correcting for computers, the business cycle, and ...
... widely debated, but at least part was clearly due to astonishing productivity growth in the new economy sectors of information technology and communications. This period led to yet another paradox, identified by Robert Gordon, who argued that, after correcting for computers, the business cycle, and ...
Standing in the way of development?
... – a massive shift from being an institution fading into obsolescence to the most powerful international financial institution in the global financial architecture and political economy. The crisis put macroeconomic policy at the centre-stage in political debates about the role of the state, includin ...
... – a massive shift from being an institution fading into obsolescence to the most powerful international financial institution in the global financial architecture and political economy. The crisis put macroeconomic policy at the centre-stage in political debates about the role of the state, includin ...
Money, Central Banking in India and International Financial Institutions - I
... of moving for itself, reproducing and rendering services, although there was the risk of diseases and death. Salt was another commodity money, difficult to obtain, mainly in the interior part of continents, also used as a preservative for food. Both cattle and salt left the marks in the Portuguese l ...
... of moving for itself, reproducing and rendering services, although there was the risk of diseases and death. Salt was another commodity money, difficult to obtain, mainly in the interior part of continents, also used as a preservative for food. Both cattle and salt left the marks in the Portuguese l ...
Post Walrasian Macroeconomics
... is the merging of the New Keynesian and New Classical traditions into a single approach. DSGE models consider agents who dynamically maximize their intertemporal objectives subject to budget and resource constraints within a variety of general equilibrium institutional settings that may include inst ...
... is the merging of the New Keynesian and New Classical traditions into a single approach. DSGE models consider agents who dynamically maximize their intertemporal objectives subject to budget and resource constraints within a variety of general equilibrium institutional settings that may include inst ...
NBER WORKING PAPER SERIES IN CONSUMER CONFIDENCE
... view of con…dence. Permanent movements in consumption and income must re‡ect corresponding movements in technology, which is putatively una¤ected by animal spirits. If con…dence contained no news about future fundamentals and the relationship between con…dence and subsequent activity re‡ected only a ...
... view of con…dence. Permanent movements in consumption and income must re‡ect corresponding movements in technology, which is putatively una¤ected by animal spirits. If con…dence contained no news about future fundamentals and the relationship between con…dence and subsequent activity re‡ected only a ...
Monetary–Fiscal Interactions: How to Improve Policy Outcomes?* Jan Libich, James Savage
... means of dealing with the types of political pressures that many blame for excessive inflation during the 1970s and 1980s. He then focused on two questions. First, he asked: ‘‘Is the concept of central bank independence meaningless without fiscal acquiescence?’’ He gave an affirmative answer for two ...
... means of dealing with the types of political pressures that many blame for excessive inflation during the 1970s and 1980s. He then focused on two questions. First, he asked: ‘‘Is the concept of central bank independence meaningless without fiscal acquiescence?’’ He gave an affirmative answer for two ...
Foundations of Economic Analysis
... Monopoly and Market Failure .................................................................................................................... 167 Natural Monopoly and Public Utility Regulation ....................................................................................... 168 Collective G ...
... Monopoly and Market Failure .................................................................................................................... 167 Natural Monopoly and Public Utility Regulation ....................................................................................... 168 Collective G ...
Lesson Plans Grade 11 Microeconomics Grade 12 Macroeconomics
... 4. Discuss the answers and, as you do, explain some of the basic laws of economics. Economics is the study of human behavior, and principles have been developed to explain that behavior. 5. Questions 1-4 concern scarcity. Goods are scarce because we have limited resources and unlimited wants. Theref ...
... 4. Discuss the answers and, as you do, explain some of the basic laws of economics. Economics is the study of human behavior, and principles have been developed to explain that behavior. 5. Questions 1-4 concern scarcity. Goods are scarce because we have limited resources and unlimited wants. Theref ...
In Defense of Employer of Last Resort: a response to Malcolm Sawyer
... increased unemployment compensation over development of an ELR program to raise demand, as ELR isn’t much more than another name for unemployment. In this section, we carefully examine the ‘macro’ issues surrounding the ELR program: aggregate demand effects, aggregate employment and unemployment, a ...
... increased unemployment compensation over development of an ELR program to raise demand, as ELR isn’t much more than another name for unemployment. In this section, we carefully examine the ‘macro’ issues surrounding the ELR program: aggregate demand effects, aggregate employment and unemployment, a ...
What Is the Real Business Cycle Theory?
... The Impact Lag • If the government increases spending for public works projects such as sewer systems, new highways, or urban renewal, it takes time to draw up plans and get permissions, to advertise for bids from contractors, to get contracts, and then to begin work. ...
... The Impact Lag • If the government increases spending for public works projects such as sewer systems, new highways, or urban renewal, it takes time to draw up plans and get permissions, to advertise for bids from contractors, to get contracts, and then to begin work. ...
IB HL2 ECONOMICS – COURSE REVISION SHEET HOMEWORK
... b____________ buying, f_________________ economies and t_____________ economies. (5 marks) ...
... b____________ buying, f_________________ economies and t_____________ economies. (5 marks) ...
The output gap and inflation - Bank for International Settlements
... In the event of a (positive) output gap caused by a positive demand shock, firms will employ more labour in the short-run for a given capital stock to produce the extra output to meet demand. To induce a greater supply of labour, firms must bid up the real wage rate (this is consistent with a large ...
... In the event of a (positive) output gap caused by a positive demand shock, firms will employ more labour in the short-run for a given capital stock to produce the extra output to meet demand. To induce a greater supply of labour, firms must bid up the real wage rate (this is consistent with a large ...
new challenges to growth and stability
... Commodity prices have eased based on concerns about China’s ability to sustain high rates of investment-led growth. In the months following the May 2013 announcement by the Federal Reserve that monetary policy in the United States would gradually normalize, global financial conditions tightened and ...
... Commodity prices have eased based on concerns about China’s ability to sustain high rates of investment-led growth. In the months following the May 2013 announcement by the Federal Reserve that monetary policy in the United States would gradually normalize, global financial conditions tightened and ...
Wp 55 Storm The New Normal - Institute for New Economic Thinking
... 1. Making America ‘great’ and ‘whole’ again ….. More than eight years after the Great Financial Crisis, U.S. growth remains anemic, even after interest rates hit the ‘zero lower bound’ and the unconventional monetary policy arsenal of the Federal Reserve has been all but exhausted. Output growth ha ...
... 1. Making America ‘great’ and ‘whole’ again ….. More than eight years after the Great Financial Crisis, U.S. growth remains anemic, even after interest rates hit the ‘zero lower bound’ and the unconventional monetary policy arsenal of the Federal Reserve has been all but exhausted. Output growth ha ...
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... features to the analysis. First, it examines the welfare-theoretic basis of productivity measures and proposes an “ideal” index of productivity growth. Second, it lays out a different way of decomposing productivity growth which divides aggregate productivity trends into factors that increase averag ...
... features to the analysis. First, it examines the welfare-theoretic basis of productivity measures and proposes an “ideal” index of productivity growth. Second, it lays out a different way of decomposing productivity growth which divides aggregate productivity trends into factors that increase averag ...
S1100676_en.pdf
... America, Panama and the Dominican Republic), and to foster links and exchange of experience within the whole region and with the European Union. During its second stage (2005-2008), which is described in this book, ECLAC played an important role in providing technical support to macroeconomic dialog ...
... America, Panama and the Dominican Republic), and to foster links and exchange of experience within the whole region and with the European Union. During its second stage (2005-2008), which is described in this book, ECLAC played an important role in providing technical support to macroeconomic dialog ...
INFLATION IN VIETNAM
... most prominent success of this innovation was the success of combined various supply-side policies somewhat helped ease the excess demand strain and eventually the inflation rate suddenly dropped to 37.7% in 1989. This can be considered as the initial success of the innovation program, triggering a ...
... most prominent success of this innovation was the success of combined various supply-side policies somewhat helped ease the excess demand strain and eventually the inflation rate suddenly dropped to 37.7% in 1989. This can be considered as the initial success of the innovation program, triggering a ...
NBER Reporter Program Report
... range of applications offered with little or no direct charge is challenging because there is no reliable monetary yardstick to guide measurement, and their omission or undervaluation surely affects GDP. This is important for the recent debate over future living standards and employment. The two per ...
... range of applications offered with little or no direct charge is challenging because there is no reliable monetary yardstick to guide measurement, and their omission or undervaluation surely affects GDP. This is important for the recent debate over future living standards and employment. The two per ...
International Doctorate in Economic Analysis Departament d’Economia i d’Història Econòmica
... accelerator for fiscal shocks; it speeds up reductions in spreads and economic recovery during recessions, while it implies only modest effects on spreads and output during normal times. However, the theoretical literature discussed above has so far neglected a critical aspect: the increasing role o ...
... accelerator for fiscal shocks; it speeds up reductions in spreads and economic recovery during recessions, while it implies only modest effects on spreads and output during normal times. However, the theoretical literature discussed above has so far neglected a critical aspect: the increasing role o ...
Macroeconomics, 10e (Parkin) - Testbank 2 (ch. 6
... D) neither I nor II Answer: D Topic: Long-Term Economic Growth in the United States Skill: Recognition Question history: Previous edition, Chapter 6 AACSB: Reflective Thinking ...
... D) neither I nor II Answer: D Topic: Long-Term Economic Growth in the United States Skill: Recognition Question history: Previous edition, Chapter 6 AACSB: Reflective Thinking ...
1 Principles of Macroeconomics, 9e
... 10) The recognition lag of stabilization policy represents A) the time that is necessary to put the desired policy into effect. B) the time needed for the Federal Reserve Board to meet. C) the time that it takes for the economy to adjust to the new conditions after a new policy is introduced. D) th ...
... 10) The recognition lag of stabilization policy represents A) the time that is necessary to put the desired policy into effect. B) the time needed for the Federal Reserve Board to meet. C) the time that it takes for the economy to adjust to the new conditions after a new policy is introduced. D) th ...