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... national average. It is this component of shift-share analysis that can be used to examine diversity. The regional share can be further disaggregated into two components. The first is the proportional shift and the second is the differential shift. The proportional shift examines the growth from the ...
... national average. It is this component of shift-share analysis that can be used to examine diversity. The regional share can be further disaggregated into two components. The first is the proportional shift and the second is the differential shift. The proportional shift examines the growth from the ...
Chapter 1 A Look Inside the Economic Growth Engine
... gross domestic product (GDP) – in the first half of the 20th century. Most developing economies only did so much later. Economic historians have estimated GDP values for the time before official data became available, making use of historical production, wage, tax and other data records. For selecte ...
... gross domestic product (GDP) – in the first half of the 20th century. Most developing economies only did so much later. Economic historians have estimated GDP values for the time before official data became available, making use of historical production, wage, tax and other data records. For selecte ...
Economics and the 2008 crisis: a Keynesian view
... In the sections which follow, you will be introduced to some simple equations. Don’t panic! Wherever they are used, we teach you step by step how to read them. A general point to be aware of is that where one term is multiplied by another we will follow standard maths notation and leave out the mult ...
... In the sections which follow, you will be introduced to some simple equations. Don’t panic! Wherever they are used, we teach you step by step how to read them. A general point to be aware of is that where one term is multiplied by another we will follow standard maths notation and leave out the mult ...
Research Paper 2011/08 Modeling the Inflation
... carry any additional information and therefore, from a monetary policy perspective, there is little need to care about it. On the other hand, others have posited that money serves as a useful crosscheck for monetary policy analysis and remains an important determinant of long-term inflation. ...
... carry any additional information and therefore, from a monetary policy perspective, there is little need to care about it. On the other hand, others have posited that money serves as a useful crosscheck for monetary policy analysis and remains an important determinant of long-term inflation. ...
Credit Spreads and Business Cycle Fluctuations
... asset prices more generally—for economic activity.1 The focus on credit spreads is motivated, in part, by theories that depart from the Modigliani and Miller [1958] paradigm of frictionless financial markets, theories that emphasize linkages between the quality of borrowers’ balance sheets and their ...
... asset prices more generally—for economic activity.1 The focus on credit spreads is motivated, in part, by theories that depart from the Modigliani and Miller [1958] paradigm of frictionless financial markets, theories that emphasize linkages between the quality of borrowers’ balance sheets and their ...
CHAP1.WP (Word5)
... discussed in Chapter 4, your lecture should provide detailed coverage of this chapter. Gordon begins Chapter 3 by reviewing the distinction between short-run and long-run macroeconomic issues. He tells us that Chapters 3 through 9 will deal with short-run issues, such as business cycles and how mone ...
... discussed in Chapter 4, your lecture should provide detailed coverage of this chapter. Gordon begins Chapter 3 by reviewing the distinction between short-run and long-run macroeconomic issues. He tells us that Chapters 3 through 9 will deal with short-run issues, such as business cycles and how mone ...
File - MCNEIL ECONOMICS
... b. In the money market, the demand for money and the supply of money determine the interest rate. Graphically, the demand for money is a downsloping line and the supply of money is a vertical line, and their intersection determines the equilibrium interest rate. 2. The Federal Reserve Banks use four ...
... b. In the money market, the demand for money and the supply of money determine the interest rate. Graphically, the demand for money is a downsloping line and the supply of money is a vertical line, and their intersection determines the equilibrium interest rate. 2. The Federal Reserve Banks use four ...
Unemployment in Nigeria: A Time Bomb Waiting To Explode: Issues
... 1. Neglect of the Agricultural Sector: The agricultural sector has been the leading provider of employment in Nigeria, especially in the sixties and in the seventies when the sector provided employment for more than 60 percent of the Nigerian population. However, unfortunately, in the ...
... 1. Neglect of the Agricultural Sector: The agricultural sector has been the leading provider of employment in Nigeria, especially in the sixties and in the seventies when the sector provided employment for more than 60 percent of the Nigerian population. However, unfortunately, in the ...
What has Happened to Monetarism? An Investigation into the
... To an important extent, the formation of Friedman's own "money matters" view of the world was inspired by the empirical studies undertaken since 1948 for the National Bureau for Economic Research on monetary factors in business cycles in collaboration with Anna J. Schwartz, particularly their re-exa ...
... To an important extent, the formation of Friedman's own "money matters" view of the world was inspired by the empirical studies undertaken since 1948 for the National Bureau for Economic Research on monetary factors in business cycles in collaboration with Anna J. Schwartz, particularly their re-exa ...
Can the president really affect economic growth?
... growth, we should see especially high levels of growth in election years for first-term presidents, and we should observe no such effect among second-term presidents. A large literature exists on the “political business cycle,” and the extent to which growth rises in election years. Previous work on ...
... growth, we should see especially high levels of growth in election years for first-term presidents, and we should observe no such effect among second-term presidents. A large literature exists on the “political business cycle,” and the extent to which growth rises in election years. Previous work on ...
The New Economic Reality and the Unemployment Rate: Will It Ever
... to grow and prosper, there is a need for people to be employed. Prolonged high unemployment has the potential to impact many people and industries and to hamper the ability of the economy to provide products, services and jobs. There is a need to study the factors involved in the current unemploymen ...
... to grow and prosper, there is a need for people to be employed. Prolonged high unemployment has the potential to impact many people and industries and to hamper the ability of the economy to provide products, services and jobs. There is a need to study the factors involved in the current unemploymen ...
1 - Whitman People
... Describe the sequence of events that occurs in response to a contractionary fiscal policy. Explain in terms of the impact on aggregate output, money demand, interest rates and planned investment. Aggregate output decreases which in turn causes money demand to decrease. This places pressure on the in ...
... Describe the sequence of events that occurs in response to a contractionary fiscal policy. Explain in terms of the impact on aggregate output, money demand, interest rates and planned investment. Aggregate output decreases which in turn causes money demand to decrease. This places pressure on the in ...
Chapter I Economics and the Economy
... economy as a system Real Gross Domestic Product, prices, inflation rates & unemployment rates are indicators of macroeconomic performance Circular flow shows macroeconomic linkages The national accounts provide a framework for the measurements of national output & income Nominal GDP measures ...
... economy as a system Real Gross Domestic Product, prices, inflation rates & unemployment rates are indicators of macroeconomic performance Circular flow shows macroeconomic linkages The national accounts provide a framework for the measurements of national output & income Nominal GDP measures ...
Gold sterilization and the recession of 1937–1938
... , the Federal Open Market Committee still viewed gold inflows as the most important problem that it faced. It was also concerned that the Treasury might end its sterilization program (Meltzer , p. ). In September, industrial production began to plummet. By October, after a stock market cr ...
... , the Federal Open Market Committee still viewed gold inflows as the most important problem that it faced. It was also concerned that the Treasury might end its sterilization program (Meltzer , p. ). In September, industrial production began to plummet. By October, after a stock market cr ...
