Keynes`s Theory of Depression
... and still used as the basis for government policies, such as so-called fiscal policy and the recent “stimulus packages” that have been used during the current recession. Studying these ideas can help us understand why they are so popular and how they influence government policy. More specifically, K ...
... and still used as the basis for government policies, such as so-called fiscal policy and the recent “stimulus packages” that have been used during the current recession. Studying these ideas can help us understand why they are so popular and how they influence government policy. More specifically, K ...
13 TIME INCONSISTENCY IN MONETARY POLICY
... advanced economies, where the issuance of money does not play a significant role in government revenues, the main reason is the existence of a compromise between unemployment and inflation. If a policymaker believes that he is able to influence real income by movements in aggregate demand, then an e ...
... advanced economies, where the issuance of money does not play a significant role in government revenues, the main reason is the existence of a compromise between unemployment and inflation. If a policymaker believes that he is able to influence real income by movements in aggregate demand, then an e ...
Macroeconomic Shocks, Housing Market and Banks` Performance
... find that real house prices only respond to demand fluctuations occurring either at an aggregate or sectorial level. Most significant housing price booms also take place with greater financial exposure to mortgages and real domestic currency depreciations, two factors that potentially magnify rising ...
... find that real house prices only respond to demand fluctuations occurring either at an aggregate or sectorial level. Most significant housing price booms also take place with greater financial exposure to mortgages and real domestic currency depreciations, two factors that potentially magnify rising ...
Capital Flows to Emerging Markets
... private agents make many decisions of international investments it is paramount to understand which sector in the economy is driving capital flows. Moreover it is key to understand the precise nature of the investor driving such flows (e.g. banks, pension fund, sovereign-wealth funds). While some mi ...
... private agents make many decisions of international investments it is paramount to understand which sector in the economy is driving capital flows. Moreover it is key to understand the precise nature of the investor driving such flows (e.g. banks, pension fund, sovereign-wealth funds). While some mi ...
Estimating The Optimal Level of Inflation (Inflation Threshold) in the Kingdom of Saudi Arabia
... I: test the stability of the variables of the study (Dickey - Fullar Test): Dickey and Fuller ( 1981) test has been used for stability of time-series The results ascertained of the stability of these time series for the variables of the study, Table (2). II: Determination of the optimal inflation ra ...
... I: test the stability of the variables of the study (Dickey - Fullar Test): Dickey and Fuller ( 1981) test has been used for stability of time-series The results ascertained of the stability of these time series for the variables of the study, Table (2). II: Determination of the optimal inflation ra ...
Chapter 12
... the following graph, DPI is labeled as YD. However, under the Keynesian simplifying assumptions, when all components of AD are reflected, the label becomes Y for real GDP. ...
... the following graph, DPI is labeled as YD. However, under the Keynesian simplifying assumptions, when all components of AD are reflected, the label becomes Y for real GDP. ...
05 Economic Development - Perth and Kinross Council
... ED3 recognises that some rural locations are appropriate for tourism and rural based businesses. However, they seek the strengthening of Policy ED3 in terms of its support not only for ‘new tourism related development’, but also to existing tourism related developments, particularly where it can be ...
... ED3 recognises that some rural locations are appropriate for tourism and rural based businesses. However, they seek the strengthening of Policy ED3 in terms of its support not only for ‘new tourism related development’, but also to existing tourism related developments, particularly where it can be ...
UNIVERSITY OF CALICUT Abstract
... The current practice of teaching Economics is to give lectures that dominate theories. This method often gives students a mistaken impression that economics is devoid of any practical and real-life use or applications. So we suggest to incorporate as many real-life examples as possible in the proces ...
... The current practice of teaching Economics is to give lectures that dominate theories. This method often gives students a mistaken impression that economics is devoid of any practical and real-life use or applications. So we suggest to incorporate as many real-life examples as possible in the proces ...
... The infrastructural and capital resources required for the attainment of these objectives have however been scarce. This has necessitated the interventions of the governments in the economy through the provision of the required huge capital outlay necessary for large scale production in heavy indust ...
Institutional Conditions of Expansionary Fiscal Consolidations
... Recently, the short-term effects of fiscal consolidation have attracted increasing attention from both the academia and policy-makers. Authors in the literature on non-Keynesian effects usually put the emphasis on the need for the devaluation of the national currency, the accommodating reaction of t ...
... Recently, the short-term effects of fiscal consolidation have attracted increasing attention from both the academia and policy-makers. Authors in the literature on non-Keynesian effects usually put the emphasis on the need for the devaluation of the national currency, the accommodating reaction of t ...
NBER WORKING PAPER SERIES DISENTANGLING THE CHANNELS OF THE 2007-2009 RECESSION
... 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 ...
Chapter 9 The IS-LM/AD
... (a) an increase in prices and an increase in real interest rates. (b) an increase in prices, an increase in nominal interest rates, but a decrease in real interest rates. (c) a decrease in prices and a decrease in real interest rates. (d) a decrease in prices, a decrease in nominal interest rates, b ...
... (a) an increase in prices and an increase in real interest rates. (b) an increase in prices, an increase in nominal interest rates, but a decrease in real interest rates. (c) a decrease in prices and a decrease in real interest rates. (d) a decrease in prices, a decrease in nominal interest rates, b ...
The NAIRU in Theory and Practice
... standard errors for estimates of the NAIRU. This odd oversight was corrected in an important paper by Staiger, Stock and Watson (1997). Using a conventional speci cation, they estimated the NAIRU in 1990 to be 6.2 percent, with a 95 percent con dence interval from 5.1 to 7.7 percent. This is a lar ...
... standard errors for estimates of the NAIRU. This odd oversight was corrected in an important paper by Staiger, Stock and Watson (1997). Using a conventional speci cation, they estimated the NAIRU in 1990 to be 6.2 percent, with a 95 percent con dence interval from 5.1 to 7.7 percent. This is a lar ...
CHAPTER 7: Long-Run and Short
... b. The labor force in the United States is almost completely mobile, with workers taking advantage of job opportunities clear across the country. c. A low national rate of unemployment does not mean that the entire nation is growing and producing at the same rate. d. All of the above. ...
... b. The labor force in the United States is almost completely mobile, with workers taking advantage of job opportunities clear across the country. c. A low national rate of unemployment does not mean that the entire nation is growing and producing at the same rate. d. All of the above. ...
Monetary Policy in Fiji Monetary Policy in Fiji
... consumers in the form of higher prices. Factors, such as cyclones and other natural disasters, can also affect prices of market items in the shortterm. High inflation is bad for the economy for a number of reasons, foremost of which is that it reduces the value of money. As prices go up, people's in ...
... consumers in the form of higher prices. Factors, such as cyclones and other natural disasters, can also affect prices of market items in the shortterm. High inflation is bad for the economy for a number of reasons, foremost of which is that it reduces the value of money. As prices go up, people's in ...
Fiscal Spillovers and Monetary Policy Transmission in the Euro Area
... policies of certain countries free riding at the disadvantage of others and how one common monetary policy could react to this (an example hereof would be Gali and Perotti (2003)) None of these different strings has so far to my knowledge been considered together. So analysis in a large macroeconomi ...
... policies of certain countries free riding at the disadvantage of others and how one common monetary policy could react to this (an example hereof would be Gali and Perotti (2003)) None of these different strings has so far to my knowledge been considered together. So analysis in a large macroeconomi ...
11-8 (Key Question) Suppose the Yukon Bank has the following
... (Key Question) What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision. What is the free-rider problem as it relates to public goods? Is the Canadian border patrol a public good or a private good? Why? How about satellit ...
... (Key Question) What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision. What is the free-rider problem as it relates to public goods? Is the Canadian border patrol a public good or a private good? Why? How about satellit ...
Macroeconomic Policies
... • the golden rule: over the economic cycle, the Government will borrow only to invest and not to fund current spending; and • the sustainable investment rule: public sector net debt as a proportion of GDP will be held over the economic cycle at a stable and prudent level. Other things being equal, n ...
... • the golden rule: over the economic cycle, the Government will borrow only to invest and not to fund current spending; and • the sustainable investment rule: public sector net debt as a proportion of GDP will be held over the economic cycle at a stable and prudent level. Other things being equal, n ...
