The role of labor markets for euro area monetary - ECB
... Labor markets in the euro area are characterized by various frictions hampering the adjustment in the labor market and affecting the business cycle dynamics in the euro area. More specifically, euro area labor markets are characterized by a long duration of individual unemployment spells and inflexible ...
... Labor markets in the euro area are characterized by various frictions hampering the adjustment in the labor market and affecting the business cycle dynamics in the euro area. More specifically, euro area labor markets are characterized by a long duration of individual unemployment spells and inflexible ...
Financial Crises in Emerging Market Economies
... Crises in advanced economies can be triggered by a number of factors. But in emerging market countries, financial crises develop along two basic paths—either the mismanagement of financial liberalization and globalization or severe fiscal imbalances. The first path of mismanagement of financial libe ...
... Crises in advanced economies can be triggered by a number of factors. But in emerging market countries, financial crises develop along two basic paths—either the mismanagement of financial liberalization and globalization or severe fiscal imbalances. The first path of mismanagement of financial libe ...
Working Paper No. 326
... closely in touch with economic theory with respect to the "short run" real effects of monetary restriction. But the possibility that tight money may also have more lasting real consequences is not taken seriously either. For instance, Nickell (1997), after carefully analysing (and debunking!) the re ...
... closely in touch with economic theory with respect to the "short run" real effects of monetary restriction. But the possibility that tight money may also have more lasting real consequences is not taken seriously either. For instance, Nickell (1997), after carefully analysing (and debunking!) the re ...
Was Stalin Necessary for Russia`s Economic Development?
... Our welfare assessment results are as follows:7 Stalin’s policies led to substantial short run costs (1928-1940) amounting to 24.1 percent of consumption.8 However, in the long run, the generation born in 1940 reaped the benefits of the reduction of frictions that yielded a 16.5 percent lifetime gai ...
... Our welfare assessment results are as follows:7 Stalin’s policies led to substantial short run costs (1928-1940) amounting to 24.1 percent of consumption.8 However, in the long run, the generation born in 1940 reaped the benefits of the reduction of frictions that yielded a 16.5 percent lifetime gai ...
BA_Semesters_I_to_VI.pdf
... revenue analysis – profit determination, normal and supernormal profits – price and cost under imperfect competition (monopoly) UNIT IV : Global Economic Issues ...
... revenue analysis – profit determination, normal and supernormal profits – price and cost under imperfect competition (monopoly) UNIT IV : Global Economic Issues ...
Was Stalin Necessary for Russia`s Economic Development?
... Our welfare assessment results are as follows:7 Stalin’s policies led to substantial short run costs (1928-1940) amounting to 24.1 percent of consumption.8 However, in the long run, the generation born in 1940 reaped the benefits of the reduction of frictions that yielded a 16.5 percent lifetime gai ...
... Our welfare assessment results are as follows:7 Stalin’s policies led to substantial short run costs (1928-1940) amounting to 24.1 percent of consumption.8 However, in the long run, the generation born in 1940 reaped the benefits of the reduction of frictions that yielded a 16.5 percent lifetime gai ...
Florida`s Middle Market Companies
... What’s in the middle—the economy’s core and heartbeat—is often forgotten. The middle third of the private sector consists of about 200,000 companies with annual revenues between $10 million and $1 billion. Bigger than small, smaller than big, this group collectively contributes about a third of non- ...
... What’s in the middle—the economy’s core and heartbeat—is often forgotten. The middle third of the private sector consists of about 200,000 companies with annual revenues between $10 million and $1 billion. Bigger than small, smaller than big, this group collectively contributes about a third of non- ...
Has Algeria suffered from the Dutch disease? Evidence from 1960
... appreciation of non-tradable goods further shifts resources out of the tradable goods sector into the non-tradable goods sector. The second effect, known as the "spending effect" or "indirect deindustrialization," stems from the fact that the boom brings in national income and hence increases deman ...
... appreciation of non-tradable goods further shifts resources out of the tradable goods sector into the non-tradable goods sector. The second effect, known as the "spending effect" or "indirect deindustrialization," stems from the fact that the boom brings in national income and hence increases deman ...
Taylor Rules and Potential Output
... aggregate supply relationship exists) has long been a central concern of macroeconomic research. Lucas (1973) proposes a model in which the effect arises because agents in the economy are unable to distinguish perfectly between aggregate and idiosyncratic shocks. He tests this model at the aggregate ...
... aggregate supply relationship exists) has long been a central concern of macroeconomic research. Lucas (1973) proposes a model in which the effect arises because agents in the economy are unable to distinguish perfectly between aggregate and idiosyncratic shocks. He tests this model at the aggregate ...
Sawyer/Sprinkle Chapter 18
... Internal balance refers to the levels of unemployment and inflation that fit the preferences of the citizens of various economies The focus on internal balance comes at the expense of external balance considerations Policies designed to achieve a desired internal balance may have large consequences ...
... Internal balance refers to the levels of unemployment and inflation that fit the preferences of the citizens of various economies The focus on internal balance comes at the expense of external balance considerations Policies designed to achieve a desired internal balance may have large consequences ...
KEY
... Government spending has a direct effect on the economy, so its total impact on Real GDP is multiplied times the spending multiplier (1/(MPC)). Changes in taxes or transfers has an indirect effect, as it puts the money in the hands of consumers – who then choose whether to spend or save. For this rea ...
... Government spending has a direct effect on the economy, so its total impact on Real GDP is multiplied times the spending multiplier (1/(MPC)). Changes in taxes or transfers has an indirect effect, as it puts the money in the hands of consumers – who then choose whether to spend or save. For this rea ...
The Classical Approach to Convergence Analysis
... analysts were well aware of the distinction from the very beginning (see for example Easterlin (i 960), SalaIn fact, that is why they made the distinction in the i-Martin (I990) and Barro and Sala-i-Martin (i992)). first place! Secondly, the intra-distributional mobility (reflected in f,) is at leas ...
... analysts were well aware of the distinction from the very beginning (see for example Easterlin (i 960), SalaIn fact, that is why they made the distinction in the i-Martin (I990) and Barro and Sala-i-Martin (i992)). first place! Secondly, the intra-distributional mobility (reflected in f,) is at leas ...
America in the 1920s and 1930s Aims and objectives This mod
... America has experience to date. This module aims to provide students with an informed understanding of how and why the good times occurred, why they were followed by a depression and how different groups dealt with the Depression. Key issues surrounding labour, business, consumerism and government a ...
... America has experience to date. This module aims to provide students with an informed understanding of how and why the good times occurred, why they were followed by a depression and how different groups dealt with the Depression. Key issues surrounding labour, business, consumerism and government a ...
Chapter 28 The Aggregate Expenditures Model
... Answer: Like consumption and investment, exports create domestic production, income, and employment for a nation. Although U.S. goods and services produced for export are sent abroad, foreign spending on those goods and services increases production and creates jobs and incomes in the United States. ...
... Answer: Like consumption and investment, exports create domestic production, income, and employment for a nation. Although U.S. goods and services produced for export are sent abroad, foreign spending on those goods and services increases production and creates jobs and incomes in the United States. ...
Document
... social security system, and the "War on Poverty" of the 1960s, which provided some important benefits (notably health care for people on low incomes) and engaged the federal government in a wide variety of projects and activities at local level. ...
... social security system, and the "War on Poverty" of the 1960s, which provided some important benefits (notably health care for people on low incomes) and engaged the federal government in a wide variety of projects and activities at local level. ...
Practice Questions for Midterm Examination of Economics 1.Which
... may be kept above the equilibrium level. 34.Suppose that efficiency wages become more common in the economy. Economists would predict that this would a. increase the quantity demanded and decrease the quantity supplied of labor, thereby decreasing the natural rate of unemployment. b. decrease the qu ...
... may be kept above the equilibrium level. 34.Suppose that efficiency wages become more common in the economy. Economists would predict that this would a. increase the quantity demanded and decrease the quantity supplied of labor, thereby decreasing the natural rate of unemployment. b. decrease the qu ...
Worker Insecurity and US Macroeconomic Performance
... enter into a social bargain involving mutual commitment to a “fair” distribution of income. In this case, the social bargain reduces workers’ willingness to act on their bargaining power, which tempers nominal wage growth and hence, ceteris paribus, inflation. This situation was characteristic of th ...
... enter into a social bargain involving mutual commitment to a “fair” distribution of income. In this case, the social bargain reduces workers’ willingness to act on their bargaining power, which tempers nominal wage growth and hence, ceteris paribus, inflation. This situation was characteristic of th ...
1 - SME blog
... definition of the term, when an aggregate welfare maximization is sought that does not involve any welfare losses to any single actor (Black 2003). During the actual coding, however, the identification of values and their place in a certain political philosophy was done rather inductively. Gender eq ...
... definition of the term, when an aggregate welfare maximization is sought that does not involve any welfare losses to any single actor (Black 2003). During the actual coding, however, the identification of values and their place in a certain political philosophy was done rather inductively. Gender eq ...
chapter 17
... really know how the economy works. Therefore we should view forecasts only as best guesses, based on incomplete information and subject to modifications as unexpected events take place. Having been exposed to a great number of graphs in their economics classes, students often picture government econ ...
... really know how the economy works. Therefore we should view forecasts only as best guesses, based on incomplete information and subject to modifications as unexpected events take place. Having been exposed to a great number of graphs in their economics classes, students often picture government econ ...
Practice Questions for Midterm Examination of Economics
... may be kept above the equilibrium level. 34.Suppose that efficiency wages become more common in the economy. Economists would predict that this would a. increase the quantity demanded and decrease the quantity supplied of labor, thereby decreasing the natural rate of unemployment. b. decrease the qu ...
... may be kept above the equilibrium level. 34.Suppose that efficiency wages become more common in the economy. Economists would predict that this would a. increase the quantity demanded and decrease the quantity supplied of labor, thereby decreasing the natural rate of unemployment. b. decrease the qu ...
Ch06-7e
... Three types of people are unemployed Job losers—workers who have been laid off or fired and are searching for new jobs. Job leavers—workers who have voluntarily quit their jobs to look for new ones. Job leavers are the smallest fraction of the unemployed. ...
... Three types of people are unemployed Job losers—workers who have been laid off or fired and are searching for new jobs. Job leavers—workers who have voluntarily quit their jobs to look for new ones. Job leavers are the smallest fraction of the unemployed. ...