A Growth Path towards Full Employment
... need for the working class to sharpen its tactics in the deployment of its forces by becoming more concrete about the sites of resistance and platforms of engagement. Working class hegemony in the democratic movement alone was no longer sufficient, but hegemony over the levers of state power became ...
... need for the working class to sharpen its tactics in the deployment of its forces by becoming more concrete about the sites of resistance and platforms of engagement. Working class hegemony in the democratic movement alone was no longer sufficient, but hegemony over the levers of state power became ...
Grundzüge Mikroökonomik Arbeitsunterlage 4: Grundlagen der
... central planning on the “microlevel” (telling firms what they have to produce and households what they have to consume). ...
... central planning on the “microlevel” (telling firms what they have to produce and households what they have to consume). ...
Fiscal Policy under Imperfect Competition with Flexible Prices: An
... In a perfectly competitive economy without market imperfections, any competitive equilibrium will be Pareto optimal. Hence there can be no ef ciency motive for macroeconomic policy. However, the presence of imperfect competition in the form of market power leads to an equilibrium which will in gener ...
... In a perfectly competitive economy without market imperfections, any competitive equilibrium will be Pareto optimal. Hence there can be no ef ciency motive for macroeconomic policy. However, the presence of imperfect competition in the form of market power leads to an equilibrium which will in gener ...
2 - Nimantha Manamperi, PhD
... • As a result, the economy’s rate of growth over long periods—say, decades—is very close to the rate of growth of potential output. • And potential output growth is determined by the factors we analyzed in the chapter on long-run economic growth. So, that means that the “long run” of long-run growth ...
... • As a result, the economy’s rate of growth over long periods—say, decades—is very close to the rate of growth of potential output. • And potential output growth is determined by the factors we analyzed in the chapter on long-run economic growth. So, that means that the “long run” of long-run growth ...
NBER WORKING PAPER SERIES SYSTEMIC RISKS AND THE MACROECONOMY Gianni De Nicolò
... negative risk spillovers in the real sector arise from negative risk spillovers either in the real sector, or in the financial sector, or both. However, positive risk spillovers cannot be ruled out, since improvements in real activity, or a reduction in system-wide financial risk, can have positive ...
... negative risk spillovers in the real sector arise from negative risk spillovers either in the real sector, or in the financial sector, or both. However, positive risk spillovers cannot be ruled out, since improvements in real activity, or a reduction in system-wide financial risk, can have positive ...
Revisiting the Link between Growth and Federalism: A Bayesian
... two datasets are not consistent with each other and, thus, should be treated with care when used jointly. ...
... two datasets are not consistent with each other and, thus, should be treated with care when used jointly. ...
A:#1.wpd
... 6. In the above described economy, suppose that taxes fall by 500. The resulting change in the equilibrium level of income would be: a. 5,000. b. -1200. c. -9,000. d. none of the above. 7. In the above described economy, suppose that government expenditures rise by 1,000 and that, at the same time, ...
... 6. In the above described economy, suppose that taxes fall by 500. The resulting change in the equilibrium level of income would be: a. 5,000. b. -1200. c. -9,000. d. none of the above. 7. In the above described economy, suppose that government expenditures rise by 1,000 and that, at the same time, ...
Mises_Biblio
... Selected Writings of Ludwig von Mises Vol. 2: Between the Two World Wars: Monetry Disorder, Interventionism, Socialism, and the Grear Depression. Indianapolis: Liberty Fund, 2002. Selected Writings of Ludwig von Mises Vol. 3: The Political Economy of International Reform and ...
... Selected Writings of Ludwig von Mises Vol. 2: Between the Two World Wars: Monetry Disorder, Interventionism, Socialism, and the Grear Depression. Indianapolis: Liberty Fund, 2002. Selected Writings of Ludwig von Mises Vol. 3: The Political Economy of International Reform and ...
NBER WORKING PAPER SERIES SUDDEN STOPS, FINANCIAL CRISES AND ORIGINAL
... shorter than 4 years.” He times the beginning of an SS as the year when capital inflows ...
... shorter than 4 years.” He times the beginning of an SS as the year when capital inflows ...
Does Export-led Growth Strategy Sustain? An Aggregate Demand
... the adding-up constraint. This constraint becomes even more relevant if, as is widely expected, developed countries grow at a slower pace or are less willing to run trade deficits following the recent global financial crisis (Razmi, 2011). The fact that over the last three decades China, one of the ...
... the adding-up constraint. This constraint becomes even more relevant if, as is widely expected, developed countries grow at a slower pace or are less willing to run trade deficits following the recent global financial crisis (Razmi, 2011). The fact that over the last three decades China, one of the ...
NEER WORKING PAPER SERIES EQUILIBRIUM MODELS OF ENDOCENOUS FLUCTUATIONS: AN INTRODUCTION Michael Woodford
... which furthermore have the property that if(x', k') and (x2, k2) are such that f(x', k', p, p) — flx2, k2, p, p) and g(x', k', p, p) g(x2, k2, p, p) for all p in P and for p any probability measure on P, and such that the distribution of possible values for x conditional upon x1 is the same when; — ...
... which furthermore have the property that if(x', k') and (x2, k2) are such that f(x', k', p, p) — flx2, k2, p, p) and g(x', k', p, p) g(x2, k2, p, p) for all p in P and for p any probability measure on P, and such that the distribution of possible values for x conditional upon x1 is the same when; — ...
Aggregate Demand and Aggregate Supply
... A fall in the price level from P1 to P2 increases the quantity of goods and services demanded from Y1 to Y2. There are three reasons for this negative relationship. As the price level falls, real wealth rises, interest rates fall, and the exchange rate depreciates. These effects stimulate spending o ...
... A fall in the price level from P1 to P2 increases the quantity of goods and services demanded from Y1 to Y2. There are three reasons for this negative relationship. As the price level falls, real wealth rises, interest rates fall, and the exchange rate depreciates. These effects stimulate spending o ...
Frictional unemployment
... This refers to unemployment that rises during economic downturns and falls when the economy improves. Keynesians argue that this type of unemployment exists due to inadequate effective aggregate demand. It gets its name because it varies with the business cycle, though it can also be persistent, as ...
... This refers to unemployment that rises during economic downturns and falls when the economy improves. Keynesians argue that this type of unemployment exists due to inadequate effective aggregate demand. It gets its name because it varies with the business cycle, though it can also be persistent, as ...
monetary economics - Universities in Tamil Nadu
... One of the important issues in higher education requiring special attention is the relevance of the evaluation of students’ performance. The University Grants Commission circulated a Minimum Programme of Examination Reform in 1984. The Universities of Tamil Nadu in general implemented these reforms. ...
... One of the important issues in higher education requiring special attention is the relevance of the evaluation of students’ performance. The University Grants Commission circulated a Minimum Programme of Examination Reform in 1984. The Universities of Tamil Nadu in general implemented these reforms. ...
Has durable goods spending become less sensitive to interest rates?
... to durable goods spending. This spending, in turn, could have contributed more strongly to real GDP growth a few years into the recovery, when interest rates declined rapidly. In particular, from the beginning of 2012 to midway through 2013, real GDP grew at an average annual rate of 1.8 percent, wi ...
... to durable goods spending. This spending, in turn, could have contributed more strongly to real GDP growth a few years into the recovery, when interest rates declined rapidly. In particular, from the beginning of 2012 to midway through 2013, real GDP grew at an average annual rate of 1.8 percent, wi ...
... determining the allocation of resources, particularly in the macroeconomic context. Specifically, all three papers are motivated by the proposition that private agents' beliefs are aggregated into stock market prices, which can therefore influence the allocation of investment. The first essay does n ...
