I appreciate this opportunity to discuss the paper by I have Henrik
... credit supply process, banks simply transform the real savings of merchant capitalists in nominal savings, namely bank deposits, which are then used by entrepreneurs to repay their initial bank loans. However, commercial banks do not know the NRI (ρ), since the marginal productivity of capital fluct ...
... credit supply process, banks simply transform the real savings of merchant capitalists in nominal savings, namely bank deposits, which are then used by entrepreneurs to repay their initial bank loans. However, commercial banks do not know the NRI (ρ), since the marginal productivity of capital fluct ...
Comprehensive Growth Strategy
... effectiveness of demand-side economic policies, with positive impact on potential economic growth. Labour market data has been showing net year-on-year job creation for a number of months. In the third quarter of 2014, employment increased by 151,000 persons compared to the previous quarter, resulti ...
... effectiveness of demand-side economic policies, with positive impact on potential economic growth. Labour market data has been showing net year-on-year job creation for a number of months. In the third quarter of 2014, employment increased by 151,000 persons compared to the previous quarter, resulti ...
Business 7e - Pride, Hughes, Kapor
... socialism. Four-basic questions answered by: – Households • Consumers of goods and services • Resource (labor, capital, etc.) owners of some factors of production – 2/3 of U.S. production is consumer products ...
... socialism. Four-basic questions answered by: – Households • Consumers of goods and services • Resource (labor, capital, etc.) owners of some factors of production – 2/3 of U.S. production is consumer products ...
Unemployment
... How to fix? Measures to reduce time workers spend between jobs and improving information flows (i.e., websites, advertisements, employment agencies) Seasonal unemployment—when demand for labor in certain industries changes on a seasonal basis because of different needs ...
... How to fix? Measures to reduce time workers spend between jobs and improving information flows (i.e., websites, advertisements, employment agencies) Seasonal unemployment—when demand for labor in certain industries changes on a seasonal basis because of different needs ...
4. S D upply and
... the exit phase has become more pronounced, and the foreign trade deficit widened further. Second-quarter data indicate a quarter-on-quarter weakening in economic activity. Seasonally adjusted data showed that industrial production has contracted for four consecutive months since February, and domest ...
... the exit phase has become more pronounced, and the foreign trade deficit widened further. Second-quarter data indicate a quarter-on-quarter weakening in economic activity. Seasonally adjusted data showed that industrial production has contracted for four consecutive months since February, and domest ...
Economics, by R. Glenn Hubbard and Anthony Patrick O`Brien
... GDP: Measuring Total Production and Income Expansion The period of a business cycle during which total production and total employment are increasing. Recession The period of a business cycle during which total production and total employment are decreasing. Economic growth The ability of an economy ...
... GDP: Measuring Total Production and Income Expansion The period of a business cycle during which total production and total employment are increasing. Recession The period of a business cycle during which total production and total employment are decreasing. Economic growth The ability of an economy ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... Popular perceptions about the Frei government in 1970 were mixed. On the one hand, there had been a good initial performance during the first three years, when growth increased and inflation was reduced. But on the other hand, at the end, there was a sense of frustrated expectations between the incr ...
... Popular perceptions about the Frei government in 1970 were mixed. On the one hand, there had been a good initial performance during the first three years, when growth increased and inflation was reduced. But on the other hand, at the end, there was a sense of frustrated expectations between the incr ...
Kocziszky György
... the other hand, the domestic own resources required for making use of the funds will practically deplete the domestic budgetary allowance for development (that is, beyond what is formulated in the National Reference Framework being prepared now, there will be hardly any government funds for funding ...
... the other hand, the domestic own resources required for making use of the funds will practically deplete the domestic budgetary allowance for development (that is, beyond what is formulated in the National Reference Framework being prepared now, there will be hardly any government funds for funding ...
A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
... focus on situations where monetary policy is constrained at the outset by a fixed exchange rate, the main motivation being for countries that form part of a currency union. The first of these examples draws on Farhi and Werning (2012a) and Schmitt-Grohe and Uribe (2012) to capture Mundell’s Trilemm ...
... focus on situations where monetary policy is constrained at the outset by a fixed exchange rate, the main motivation being for countries that form part of a currency union. The first of these examples draws on Farhi and Werning (2012a) and Schmitt-Grohe and Uribe (2012) to capture Mundell’s Trilemm ...
Gross domestic product (2008-I = 100)
... The national accounts include supply and use tables, and sector accounts. Supply and use tables describe production, consumption and value added by industry and by product group. The sector accounts describe the monetary flows in the Dutch economy between households, corporations, government and the ...
... The national accounts include supply and use tables, and sector accounts. Supply and use tables describe production, consumption and value added by industry and by product group. The sector accounts describe the monetary flows in the Dutch economy between households, corporations, government and the ...
A Theory of Macroprudential Policies in the Presence of Nominal Rigidities ∗
... focus on situations where monetary policy is constrained at the outset by a fixed exchange rate, the main motivation being for countries that form part of a currency union. The first of these examples draws on Farhi and Werning (2012a) and Schmitt-Grohe and Uribe (2012) to capture Mundell’s Trilemm ...
... focus on situations where monetary policy is constrained at the outset by a fixed exchange rate, the main motivation being for countries that form part of a currency union. The first of these examples draws on Farhi and Werning (2012a) and Schmitt-Grohe and Uribe (2012) to capture Mundell’s Trilemm ...
cepr Briefing Paper Argentina Since Default: The IMF and the Depression
... the 1998 business cycle peak. The importance of this change cannot be over-emphasized. It means that the Argentine economy has already gone through an enormous "structural adjustment," as a result of the depression. In other words, as a result of a steep and painful shrinking of the economy (which a ...
... the 1998 business cycle peak. The importance of this change cannot be over-emphasized. It means that the Argentine economy has already gone through an enormous "structural adjustment," as a result of the depression. In other words, as a result of a steep and painful shrinking of the economy (which a ...
Aggregate Demand
... In the short-‐run, fiscal policy primarily affects the aggregate demand. When policy makers change taxes or increases transfers to households, the effect on aggregate demand is indirect – th ...
... In the short-‐run, fiscal policy primarily affects the aggregate demand. When policy makers change taxes or increases transfers to households, the effect on aggregate demand is indirect – th ...
NBER WORKING PAPER SERIES OPTIMAL OPERATIONAL MONETARY POLICY IN THE CHRISTIANO-EICHENBAUM-EVANS MODEL
... Optimal monetary policy is the subject of a large and fast growing body of research in macroeconomics. A central characteristic of all existing studies is that optimal monetary policy is derived in highly stylized environments. Typically, optimal monetary policy is characterized for economies with a ...
... Optimal monetary policy is the subject of a large and fast growing body of research in macroeconomics. A central characteristic of all existing studies is that optimal monetary policy is derived in highly stylized environments. Typically, optimal monetary policy is characterized for economies with a ...
General equilibrium analysis of the Eaton–Kortum model of
... generates the input requirements for producing each good. It will be useful to introduce this model of a technology in the simpler context of a single, closed economy before turning to the study of a model of a world of n countries in Section 3. We develop a purely static model in which labor is the ...
... generates the input requirements for producing each good. It will be useful to introduce this model of a technology in the simpler context of a single, closed economy before turning to the study of a model of a world of n countries in Section 3. We develop a purely static model in which labor is the ...
Which of the following will most likely occur in an economy if more
... to make her cabinets. b. Mary Jane has an absolute and comparative advantage in both law and carpentry, so she should make her own cabinets while continuing to practice law. c. Mary Jane is three times faster than any carpenter so she should give her law practice to become a carpenter. d. When carpe ...
... to make her cabinets. b. Mary Jane has an absolute and comparative advantage in both law and carpentry, so she should make her own cabinets while continuing to practice law. c. Mary Jane is three times faster than any carpenter so she should give her law practice to become a carpenter. d. When carpe ...
Working With Our Basic Aggregate Demand / Supply Model
... The Interest Rate Effect: A lower price level will make the nominal interest rate appear lower which will stimulate additional purchases during the current period. The Foreign Purchases Effect: Other things constant, a lower price level will make domestically produced goods less expensive relative t ...
... The Interest Rate Effect: A lower price level will make the nominal interest rate appear lower which will stimulate additional purchases during the current period. The Foreign Purchases Effect: Other things constant, a lower price level will make domestically produced goods less expensive relative t ...
Panama - Inter-American Development Bank
... extraordinary spending to address the damages of severe rains and mudslides, and higher energy subsidies led to successive modifications of the deficit limit. That performance was generally better than the revised limits attests to cautious fiscal policy. In 2010, the country earned its first invest ...
... extraordinary spending to address the damages of severe rains and mudslides, and higher energy subsidies led to successive modifications of the deficit limit. That performance was generally better than the revised limits attests to cautious fiscal policy. In 2010, the country earned its first invest ...
Presentation on alternatives to cuts and ideas for organisation(pps)
... UNISON East Midlands Region ...
... UNISON East Midlands Region ...
Stone2eCT_CH10_Mac_Layout 1
... transfer payments, or decreasing taxes to increase aggregate demand to expand output and the economy. Contractionary fiscal policy: Involves increasing withdrawals from the economy by reducing government spending, transfer payments, or raising taxes to decrease aggregate demand to contract output an ...
... transfer payments, or decreasing taxes to increase aggregate demand to expand output and the economy. Contractionary fiscal policy: Involves increasing withdrawals from the economy by reducing government spending, transfer payments, or raising taxes to decrease aggregate demand to contract output an ...
Jürgen Habermas and the Idea of Legitimation Crisis
... encountered at the moment about economic growth, problems which Habermas regards as intractable, have made this bypassing of the question of legitimacy, which was traded on extensively by both social democrats and economic liberals, no longer available. The work of Anthony Crosland is important here ...
... encountered at the moment about economic growth, problems which Habermas regards as intractable, have made this bypassing of the question of legitimacy, which was traded on extensively by both social democrats and economic liberals, no longer available. The work of Anthony Crosland is important here ...