Chapter 4
... The "efficiency of labor" is sometimes thought of as simply "technology" but includes business organization too. In general, E is telling us how much output each worker is able to produce with capital. If someone invents a faster or more reliable computer (a piece of capital), a worker will probably ...
... The "efficiency of labor" is sometimes thought of as simply "technology" but includes business organization too. In general, E is telling us how much output each worker is able to produce with capital. If someone invents a faster or more reliable computer (a piece of capital), a worker will probably ...
Strategies for Controlling Inflation
... price stability is the appropriate long-term goal for monetary policy. The answer is that price stability promotes an economic system that functions more efficiently. If price stability does not persist, that is, inflation occurs, there are several economic costs to the society. While these costs te ...
... price stability is the appropriate long-term goal for monetary policy. The answer is that price stability promotes an economic system that functions more efficiently. If price stability does not persist, that is, inflation occurs, there are several economic costs to the society. While these costs te ...
the evolution of economic understanding
... that actions were taken. The two main contemporaneous sources that we examine are the Economic Report of the President and the Minutes of the Federal Open Market Committee. The Economic Report of the President (abbreviated in subsequent citations as EROP) is available twice a year in the early 1950s ...
... that actions were taken. The two main contemporaneous sources that we examine are the Economic Report of the President and the Minutes of the Federal Open Market Committee. The Economic Report of the President (abbreviated in subsequent citations as EROP) is available twice a year in the early 1950s ...
The End of the Great Depression 1939‐41: VAR Insight on Policy Contributions and Fiscal Multipliers
... The full details of the data interpolation are provided in the Data Appendix, including the source of the annual data for 1919‐28 before the annual NIPA data begin, and a description of the monthly interpolators. 3 The interpolation is achieved using the Chow‐Lin (1971) process that converts ea ...
... The full details of the data interpolation are provided in the Data Appendix, including the source of the annual data for 1919‐28 before the annual NIPA data begin, and a description of the monthly interpolators. 3 The interpolation is achieved using the Chow‐Lin (1971) process that converts ea ...
Near-rational exuberance
... underlying rational expectations equilibrium is locally indeterminate. We suggest ways in which policymakers might avoid unintended outcomes by adjusting policy to minimize the risk of exuberance equilibria. ...
... underlying rational expectations equilibrium is locally indeterminate. We suggest ways in which policymakers might avoid unintended outcomes by adjusting policy to minimize the risk of exuberance equilibria. ...
Full Employment Policies Must Consider Effective Demand and
... may be appropriate, whenever the spontaneous forces of interaction between employers and workers fail to bring it about. (1993, p. 132) While it will be our position that Pasinetti does not—contra some authors (see, e.g., Shapiro, 1984-85)—assume full employment, what might be said is that he does ...
... may be appropriate, whenever the spontaneous forces of interaction between employers and workers fail to bring it about. (1993, p. 132) While it will be our position that Pasinetti does not—contra some authors (see, e.g., Shapiro, 1984-85)—assume full employment, what might be said is that he does ...
BTI 2016 | Algeria Country Report
... support in the population, and many civil society groups are participating in the reflection about the constitution. In terms of economic reforms, the government continues to make advances. The prime minister is actively seeking to improve foreign investment and bilateral trade cooperation. Franco-A ...
... support in the population, and many civil society groups are participating in the reflection about the constitution. In terms of economic reforms, the government continues to make advances. The prime minister is actively seeking to improve foreign investment and bilateral trade cooperation. Franco-A ...
View/Open - UNAM Scholarly Repository
... low unemployment rate. When the economy is operating at its potential output, unemployment is at its lowest level called the natural rate of unemployment commonly known as NAIRU. NAIRU means the non-accelerating inflation rate of unemployment. The difference between actual GDP and potential output i ...
... low unemployment rate. When the economy is operating at its potential output, unemployment is at its lowest level called the natural rate of unemployment commonly known as NAIRU. NAIRU means the non-accelerating inflation rate of unemployment. The difference between actual GDP and potential output i ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... of fiscal policy, and in the economic models at central banks, which all but ignore fiscal phenomena. It is also reflected in the widespread adoption of inflation targeting by central banks, but the nearly complete absence of the adoption of compatible fiscal frameworks. The Great Recession and acco ...
... of fiscal policy, and in the economic models at central banks, which all but ignore fiscal phenomena. It is also reflected in the widespread adoption of inflation targeting by central banks, but the nearly complete absence of the adoption of compatible fiscal frameworks. The Great Recession and acco ...
Advanced Macroeconomics - Juridica – Kolegji Evropian
... be easier for them to think in that direction and ultimately, this knowledge may help them solve some of these problems related to these issues. This advanced macroeconomics book will provide fundamentals of the basic macroeconomic principles, and thus, will be also useful to non-students of economi ...
... be easier for them to think in that direction and ultimately, this knowledge may help them solve some of these problems related to these issues. This advanced macroeconomics book will provide fundamentals of the basic macroeconomic principles, and thus, will be also useful to non-students of economi ...
chapter 11
... Topic: The Functions of Money 18) What is the main difference between the type of money that was used before the invention of the printing press and today? Answer: In the days before the invention of the printing press, most societies used something that is valuable itself as money, for example, gol ...
... Topic: The Functions of Money 18) What is the main difference between the type of money that was used before the invention of the printing press and today? Answer: In the days before the invention of the printing press, most societies used something that is valuable itself as money, for example, gol ...
Global Strategy Views - Glovista Investments LLC
... weak demand for capital and final goods (reflected in still-rising household savings rates); ...
... weak demand for capital and final goods (reflected in still-rising household savings rates); ...
Foreign Direct Investment in Developing Countries
... Miss Carmen Baeriswyl and Miss Uschi Anthamatten who contributed substantially at different stages of writing up this dissertation to improve its form, but also its content. However, the responsibility of all imperfections of form and content, the literary style in the main, remain of course mine. I ...
... Miss Carmen Baeriswyl and Miss Uschi Anthamatten who contributed substantially at different stages of writing up this dissertation to improve its form, but also its content. However, the responsibility of all imperfections of form and content, the literary style in the main, remain of course mine. I ...
The NAIRU in Theory and Practice
... A second, more tractable econometric issue is the computation of standard errors. Until recently, the empirical literature on the Phillips curve rarely provided standard errors for estimates of the NAIRU. This odd oversight was corrected in an important paper by Staiger, Stock and Watson (1997). Usi ...
... A second, more tractable econometric issue is the computation of standard errors. Until recently, the empirical literature on the Phillips curve rarely provided standard errors for estimates of the NAIRU. This odd oversight was corrected in an important paper by Staiger, Stock and Watson (1997). Usi ...
24.3 Implementing Monetary Policy: Tools of the Fed
... The Board of Governors of the Fed and the Federal Open Market Committee are the prime decision makers for monetary policy in the United States. They decide whether to change policies to expand the supply of money and, hopefully, the real level of economic activity, or to contract the money supply, h ...
... The Board of Governors of the Fed and the Federal Open Market Committee are the prime decision makers for monetary policy in the United States. They decide whether to change policies to expand the supply of money and, hopefully, the real level of economic activity, or to contract the money supply, h ...
Economics of Money, Banking, and Fin. Markets, 10e (Mishkin
... firm's earnings/assets. Stocks are part of wealth, and changes in their value affect people's willingness to spend. Changes in stock prices affect a firm's ability to raise funds, and thus their investment. Ques Status: Previous Edition ...
... firm's earnings/assets. Stocks are part of wealth, and changes in their value affect people's willingness to spend. Changes in stock prices affect a firm's ability to raise funds, and thus their investment. Ques Status: Previous Edition ...
08-152 Valuing Culture: Measuring and Understanding Canada`s
... research organization in Canada. Objective and non-partisan. We do not lobby for specific interests. Funded exclusively through the fees we charge for services to the private and public sectors. Experts in running conferences but also at conducting, publishing, and disseminating research; helping pe ...
... research organization in Canada. Objective and non-partisan. We do not lobby for specific interests. Funded exclusively through the fees we charge for services to the private and public sectors. Experts in running conferences but also at conducting, publishing, and disseminating research; helping pe ...
Automotive Industry in Tunisia
... on Saturday is in Marseilles on Monday) Wage inflation “under control” (about 5 % per year) A network of local suppliers in several fields (tools, equipment, outsourcing services, etc) Simplified custom procedures.» Mr. Gaby Lopez, Director, ZODIAC «Why Tunisia? Because there are many decisive facto ...
... on Saturday is in Marseilles on Monday) Wage inflation “under control” (about 5 % per year) A network of local suppliers in several fields (tools, equipment, outsourcing services, etc) Simplified custom procedures.» Mr. Gaby Lopez, Director, ZODIAC «Why Tunisia? Because there are many decisive facto ...
iNTERDEPENDENCE BETWEEN THE CONSTRUCTION SECTOR
... Development is the most important challenge facing the human race (World Bank, 1991a). Development and economic development are a relatively recent pursuit of many writers from various research centres world-wide. The political and public concern with the poorer nations of the world is equally of re ...
... Development is the most important challenge facing the human race (World Bank, 1991a). Development and economic development are a relatively recent pursuit of many writers from various research centres world-wide. The political and public concern with the poorer nations of the world is equally of re ...
NBER WORKING PAPER SERIES ON THE ORIGINS OF "A MONETARY HISTORY"
... diffuse widely through the economy, automatically produced forces – falling profits resulting from the pressure of costs on prices and tensions in the money market – that inevitably produced a contraction. The contraction, which would also diffuse widely, then produced changes in relative prices, su ...
... diffuse widely through the economy, automatically produced forces – falling profits resulting from the pressure of costs on prices and tensions in the money market – that inevitably produced a contraction. The contraction, which would also diffuse widely, then produced changes in relative prices, su ...
splitting the bill: alcohol`s impact on the economy
... revenue, if people simply buy fewer, more expensive drinks, but then goes on to look at the impact of a fall in spending. It argues that lower alcohol spending is likely to be good for the economy in the long run, boosting productivity and so growth. Conversely, higher drinking would probably restra ...
... revenue, if people simply buy fewer, more expensive drinks, but then goes on to look at the impact of a fall in spending. It argues that lower alcohol spending is likely to be good for the economy in the long run, boosting productivity and so growth. Conversely, higher drinking would probably restra ...
