New Tools for Analyzing the Mexican Economy
... conformity of potential leading indicators. To calculate the coincident index, we first try to obtain the list of coincident indicators shown in Table 1. Since these indicators have been shown to coincide with the business cycles in many countries, it is likely that they would perform in a similar m ...
... conformity of potential leading indicators. To calculate the coincident index, we first try to obtain the list of coincident indicators shown in Table 1. Since these indicators have been shown to coincide with the business cycles in many countries, it is likely that they would perform in a similar m ...
Agricultural Productivity and Growth in Turkey
... Washington DC. Then he returned Turkey and joined Middle East Technical University Department of Economics in 1982. He assumed a number of administrative positions and thought many economists until 1999. Between 1999 and 2004, he was the Dean of the Faculty of Economics Administrative and Social Sci ...
... Washington DC. Then he returned Turkey and joined Middle East Technical University Department of Economics in 1982. He assumed a number of administrative positions and thought many economists until 1999. Between 1999 and 2004, he was the Dean of the Faculty of Economics Administrative and Social Sci ...
Reconstructing Political Economy: The great divide in
... of competing claims brings out the creative talents of thinking individuals as they reconceptualize the world around them. In the Great Depression, John Maynard Keynes addressed the causes of unemployment by reinterpreting how capitalism functions. State intervention, which in Smith’s time was often ...
... of competing claims brings out the creative talents of thinking individuals as they reconceptualize the world around them. In the Great Depression, John Maynard Keynes addressed the causes of unemployment by reinterpreting how capitalism functions. State intervention, which in Smith’s time was often ...
A Working Solution to the Question of Nominal GDP
... M1 and MZM are drawn from the Federal Reserve Bank of St. Louis’ FRED database; Anderson and Jones (2011) describe their construction in detail. With quite similar results, not shown, we also replicated the analysis using Anderson and Jones’ Divisia M2 series, as well as the much broader, Divisia M ...
... M1 and MZM are drawn from the Federal Reserve Bank of St. Louis’ FRED database; Anderson and Jones (2011) describe their construction in detail. With quite similar results, not shown, we also replicated the analysis using Anderson and Jones’ Divisia M2 series, as well as the much broader, Divisia M ...
Decomposition of Aggregate Productivity Growth of the Malaysian Manufacturing Sector, 1983-2005
... note: estimation of output shares is based on the final output/final demand. The change in the overall TFP between 1987-91 and 91-2000 periods inclined from 13.3% to 23.6% per annum, or by 170.1 percentage points. The first component of the result shows a technical change effect (sub-sectoral TFP gr ...
... note: estimation of output shares is based on the final output/final demand. The change in the overall TFP between 1987-91 and 91-2000 periods inclined from 13.3% to 23.6% per annum, or by 170.1 percentage points. The first component of the result shows a technical change effect (sub-sectoral TFP gr ...
Nominal Rigidities and the Effects of Government Spending Shocks
... in due to the positive marginal propensity to consume. Recent empirical studies seem to support the Keynesian view. Fatas and Mihov (2001), who analyze US data in a vector autoregression framework, find that increases in government expenditure are followed by a rise in consumption, investment and em ...
... in due to the positive marginal propensity to consume. Recent empirical studies seem to support the Keynesian view. Fatas and Mihov (2001), who analyze US data in a vector autoregression framework, find that increases in government expenditure are followed by a rise in consumption, investment and em ...
Social Provisioning, Embeddedness and Modeling the Economy
... This article reflects upon the role of demand in the context of such models of structural interdependence. Once an economy attains a level of economic development in which the technology enables a substantial portion of the population to enjoy a standard of living significantly above subsistence, “t ...
... This article reflects upon the role of demand in the context of such models of structural interdependence. Once an economy attains a level of economic development in which the technology enables a substantial portion of the population to enjoy a standard of living significantly above subsistence, “t ...
Real interest rate
... The actual inflation rate, π1, will usually deviate from its expectation, πe1, and the forecast error—or unexpected inflation—will be nonzero. ...
... The actual inflation rate, π1, will usually deviate from its expectation, πe1, and the forecast error—or unexpected inflation—will be nonzero. ...
sample only THE CPAP STUDY GUIDE TO VCE
... TEST YOURSELF : 50 MULTIPLE CHOICE QUESTIONS – AREA OF STUDY 1 ..................................................................... 41 UNIT 3: MINI EXAM NO. 1 ........................................................................................................................................... ...
... TEST YOURSELF : 50 MULTIPLE CHOICE QUESTIONS – AREA OF STUDY 1 ..................................................................... 41 UNIT 3: MINI EXAM NO. 1 ........................................................................................................................................... ...
7 The Anatomy of Inflation and Unemployment
... we say there is high labor market turnover. c) The causes of the flows into this pool are somewhat cyclical in nature: layoffs tend to be high during recessions, while voluntary quits are high during booms. d) Most people who become unemployed remain so for only a short time. e) The unemployment poo ...
... we say there is high labor market turnover. c) The causes of the flows into this pool are somewhat cyclical in nature: layoffs tend to be high during recessions, while voluntary quits are high during booms. d) Most people who become unemployed remain so for only a short time. e) The unemployment poo ...
Sawyer/Sprinkle Chapter 18
... by changing the growth rate of the money supply and/or interest rates Recently there has been some increased interest in the substitution of some form of monetary rule for discretionary monetary policy The central bank would focus on controlling a more limited variable such as the price level ...
... by changing the growth rate of the money supply and/or interest rates Recently there has been some increased interest in the substitution of some form of monetary rule for discretionary monetary policy The central bank would focus on controlling a more limited variable such as the price level ...
Chapter 12 power point - The College of Business UNR
... and carpenter go to buy from each other, they find they are no better off than before because of higher prices ...
... and carpenter go to buy from each other, they find they are no better off than before because of higher prices ...
Nr. 34 The Precarious Fiscal Foundations of EMU (PDF: 158.6
... zero, but only over an infinite time span. The economy approaches barter equilibrium, which yields low but positive consumption. These same conclusions apply if monetary policy is given by (13) instead of (14), so long as > 0. The situation is not improved by changing fiscal policy. If fiscal poli ...
... zero, but only over an infinite time span. The economy approaches barter equilibrium, which yields low but positive consumption. These same conclusions apply if monetary policy is given by (13) instead of (14), so long as > 0. The situation is not improved by changing fiscal policy. If fiscal poli ...
NBER WORKING PAPER SERIES IDEAS AND EDUCATION: LEVEL OR GROWTH EFFECTS? Steve Dowrick
... capital. Human capital in the form of abilities and skills is embodied inasmuch as it lives and dies with particular people. We invest in human capital not only through formal education and training programmes, but also through experience on the job and through domestic and social interaction. The t ...
... capital. Human capital in the form of abilities and skills is embodied inasmuch as it lives and dies with particular people. We invest in human capital not only through formal education and training programmes, but also through experience on the job and through domestic and social interaction. The t ...
Optimal Monetary Policy in a Currency Area
... case, relative prices automatically stabilize the output risks and there is perfect insurance of consumption across regions. The idea that the structure of preference can result in a case in which the gains form international portfolio diversification are irrelevant has been exploited by Cole and Ob ...
... case, relative prices automatically stabilize the output risks and there is perfect insurance of consumption across regions. The idea that the structure of preference can result in a case in which the gains form international portfolio diversification are irrelevant has been exploited by Cole and Ob ...
A question of causality between political corruption, economic
... A question of causality between political corruption, economic freedom and economic growthin Europe country is perceived as very clean. A country's rank indicates its position relative to the other countries/territories included in the index. The Control of Corruption index is an aggregation of var ...
... A question of causality between political corruption, economic freedom and economic growthin Europe country is perceived as very clean. A country's rank indicates its position relative to the other countries/territories included in the index. The Control of Corruption index is an aggregation of var ...
the evolution of economic understanding
... was a positive long-run relationship between inflation and unemployment.3 The notion that there was a level of production and employment above which wages and prices started to rise was well accepted in the 1950s. For example, in 1955 one FOMC member said, “The economy was moving nearer capacity in ...
... was a positive long-run relationship between inflation and unemployment.3 The notion that there was a level of production and employment above which wages and prices started to rise was well accepted in the 1950s. For example, in 1955 one FOMC member said, “The economy was moving nearer capacity in ...
- Covenant University
... governments in Africa. Implicit in these interventions is a concern that credit markets are not functioning well and that their malfunctioning results in low economic activity and growth. There are well established reasons for credit markets not to be perfect. Given the intertemporal and risky natur ...
... governments in Africa. Implicit in these interventions is a concern that credit markets are not functioning well and that their malfunctioning results in low economic activity and growth. There are well established reasons for credit markets not to be perfect. Given the intertemporal and risky natur ...