Institutional Design and Economic Growth: The Relationship
... sophistication and methods. The first studies to explore structural aspects of bureaucracy specifically were detailed case studies, generally of the highly successful East Asian countries such as Japan (Johnson 1982), Korea (Amsden 1989), and Taiwan (Wade 1990). These authors studied government agen ...
... sophistication and methods. The first studies to explore structural aspects of bureaucracy specifically were detailed case studies, generally of the highly successful East Asian countries such as Japan (Johnson 1982), Korea (Amsden 1989), and Taiwan (Wade 1990). These authors studied government agen ...
Economics Explorer Series No. 3 - Inflation
... or policy intent, which should not be counteracted. However, a permanent supply-side shock on both prices and inflation can result from technological advancement, which brings about an increase in the economy's productive capacity. In such instances, the central bank may take into account the perman ...
... or policy intent, which should not be counteracted. However, a permanent supply-side shock on both prices and inflation can result from technological advancement, which brings about an increase in the economy's productive capacity. In such instances, the central bank may take into account the perman ...
A Dynamic Model of Aggregate Demand and Aggregate Supply
... presents a model that we will call the dynamic model of aggregate demand and aggregate supply. This model offers another lens through which to view the business cycle and the effects of monetary and fiscal policy. As the name suggests, this new model emphasizes the dynamic nature of economic fluctua ...
... presents a model that we will call the dynamic model of aggregate demand and aggregate supply. This model offers another lens through which to view the business cycle and the effects of monetary and fiscal policy. As the name suggests, this new model emphasizes the dynamic nature of economic fluctua ...
Observing Finance as a Network of Observations
... What about watching you observing? Could this be a “second order observation”? Observing how you pay attention – your posture, for example, or your degree of attentiveness – seems to me trivial. In any case, it would still be a first-order observation. Perhaps then a second order observation refers ...
... What about watching you observing? Could this be a “second order observation”? Observing how you pay attention – your posture, for example, or your degree of attentiveness – seems to me trivial. In any case, it would still be a first-order observation. Perhaps then a second order observation refers ...
New methods for macro-financial model comparison and policy
... and compare their empirical and policy implications to a large number of established benchmark models from academia and policy-making institutions. First, we briefly review formally how to derive comparable objects/implications from different models. The models have to be augmented with a space of ...
... and compare their empirical and policy implications to a large number of established benchmark models from academia and policy-making institutions. First, we briefly review formally how to derive comparable objects/implications from different models. The models have to be augmented with a space of ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... of payments and exchange rate considerations. Supporters of a shift to flexible exchange rates-and by the end this included most economists-believed that a shift to floating rates would enable countries to insulate themselves from foreign disturbances. That did not happen. One reason is that the dom ...
... of payments and exchange rate considerations. Supporters of a shift to flexible exchange rates-and by the end this included most economists-believed that a shift to floating rates would enable countries to insulate themselves from foreign disturbances. That did not happen. One reason is that the dom ...
economics notes
... Money supply can effect both output and prices, can we distinguish? If the money supply was a cause of output fluctuations through demand, output and prices rise together. If supply was the trigger, surely output and prices would move in opposite directions. NB demand hike output & prices go up but ...
... Money supply can effect both output and prices, can we distinguish? If the money supply was a cause of output fluctuations through demand, output and prices rise together. If supply was the trigger, surely output and prices would move in opposite directions. NB demand hike output & prices go up but ...
The role of the natural rate of interest in monetary policy
... The notion of the natural rate has evolved over time. Wicksell described the natural rate in several ways. Specifically, he defined the natural rate as (1) the rate of interest that equates saving with investment; (2) the marginal productivity of capital; and (3) the rate of interest that is consis ...
... The notion of the natural rate has evolved over time. Wicksell described the natural rate in several ways. Specifically, he defined the natural rate as (1) the rate of interest that equates saving with investment; (2) the marginal productivity of capital; and (3) the rate of interest that is consis ...
Long-Run Growth
... CHAPTER 32 Long-Run Growth © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster ...
... CHAPTER 32 Long-Run Growth © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster ...
increase
... Which of the following can be concluded about the CPI for this individual from 93 to 94? a. It remained unchanged. c. it decreased by 20% b. It decreased by 25%. d. It increased by 20% e. It increased by 25%. (Answer) The math is: 100-80/80=.25 (difference in year 2 & year 1 divided by year 1) Year ...
... Which of the following can be concluded about the CPI for this individual from 93 to 94? a. It remained unchanged. c. it decreased by 20% b. It decreased by 25%. d. It increased by 20% e. It increased by 25%. (Answer) The math is: 100-80/80=.25 (difference in year 2 & year 1 divided by year 1) Year ...
May 11, 2012 James H. Stock Department of Economics, Harvard University
... not increase with the number of series. Also like a VAR, some properties, such as stability and forecasts, can be studied using a “reduced form” DFM that does not require identifying factors or structural shocks; however, attributing movements in economic variables to specific economic shocks requi ...
... not increase with the number of series. Also like a VAR, some properties, such as stability and forecasts, can be studied using a “reduced form” DFM that does not require identifying factors or structural shocks; however, attributing movements in economic variables to specific economic shocks requi ...
The Implications of Macroprudential Policies for International Policy
... how realistic is macroprudential action that “bites” only within the borders of one country, without international coordination? Any attempt to clarify such questions needs to be placed in a model of the way the economy works, and how instabilities emerge. It can then be determined whether disagree ...
... how realistic is macroprudential action that “bites” only within the borders of one country, without international coordination? Any attempt to clarify such questions needs to be placed in a model of the way the economy works, and how instabilities emerge. It can then be determined whether disagree ...
Economic Vulnerability and Resilience
... analysis of the economic performance of small states, it is important to distinguish between vulnerability considerations and resilience factors. For example, some studies argue that small economic size presents an economic advantage on the basis of simple correlations between small size and indicat ...
... analysis of the economic performance of small states, it is important to distinguish between vulnerability considerations and resilience factors. For example, some studies argue that small economic size presents an economic advantage on the basis of simple correlations between small size and indicat ...
10-1-9.CHP:Corel VENTURA - Erasmus Universiteit Rotterdam
... policies of maintaining the status quo economic models, while the United © Oxford University Press 2001 ...
... policies of maintaining the status quo economic models, while the United © Oxford University Press 2001 ...
Economics - Government College for Women (Autonomous
... factors influencing the selection of business – business location factors. Module – II Forms of organization – corporate and non-corporate private sector – merits and demerits – corporate sector – joint stocks companies – character tics – public enterprises – evaluation – no profit no loss pricing – ...
... factors influencing the selection of business – business location factors. Module – II Forms of organization – corporate and non-corporate private sector – merits and demerits – corporate sector – joint stocks companies – character tics – public enterprises – evaluation – no profit no loss pricing – ...
