Regional trajectories and uneven development in `the new` Europe
... units of successful regional economies centred around areas such as the Third Italy and Baden Württemburg and economically strong, large metropolitan regions in the EU core (Dunford and Smith, 1998). Such sub-national regions have been seen either as Marshallian industrial districts which owe their ...
... units of successful regional economies centred around areas such as the Third Italy and Baden Württemburg and economically strong, large metropolitan regions in the EU core (Dunford and Smith, 1998). Such sub-national regions have been seen either as Marshallian industrial districts which owe their ...
Executive Summary
... The development of the Eleventh Plan was guided by the Malaysian National Development Strategy (MyNDS), which focuses on rapidly delivering high impact on both the capital and people economies at low cost to the government. The capital economy is about Gross Domestic Product (GDP) growth, big busine ...
... The development of the Eleventh Plan was guided by the Malaysian National Development Strategy (MyNDS), which focuses on rapidly delivering high impact on both the capital and people economies at low cost to the government. The capital economy is about Gross Domestic Product (GDP) growth, big busine ...
Fiscal-monetary interaction and ambiguity in the wake of the crisis Princeton University
... the central bank increases interest rates, and this increases the interest expense item in the government budget, the legislature must be seen without any doubt to be committed to covering this increased interest expense with reduced non-interest expense or increased taxes — if not now, then later. ...
... the central bank increases interest rates, and this increases the interest expense item in the government budget, the legislature must be seen without any doubt to be committed to covering this increased interest expense with reduced non-interest expense or increased taxes — if not now, then later. ...
Macroeconomic Priorities - NYU Stern School of Business
... capital income taxation from its current U.S. level to zero (using other taxes to support an unchanged rate of government spending) would increase the balanced-growth capital stock by 30 to 60 percent. With a capital share of around 0.3, these numbers imply an increase of consumption along a balance ...
... capital income taxation from its current U.S. level to zero (using other taxes to support an unchanged rate of government spending) would increase the balanced-growth capital stock by 30 to 60 percent. With a capital share of around 0.3, these numbers imply an increase of consumption along a balance ...
a “how-to” guide: finding and interpreting gdp statistics
... owners is recorded in the GDP accounts as investment income. Because of the startling concentration of financial wealth in the hands of the richest minority of society (see pp. 90-94 of Economics for Everyone), the bulk of this income is received by very highwealth individuals and households. Deprec ...
... owners is recorded in the GDP accounts as investment income. Because of the startling concentration of financial wealth in the hands of the richest minority of society (see pp. 90-94 of Economics for Everyone), the bulk of this income is received by very highwealth individuals and households. Deprec ...
article in press - giovanni di bartolomeo`s website
... because of taxation. However, to represent a situation of this kind would require a much more complicated model. In a context where several unions interact in monopolistic goods markets, the real wage relevant for a union does not correspond to that relevant for the firm that negotiates the nominal ...
... because of taxation. However, to represent a situation of this kind would require a much more complicated model. In a context where several unions interact in monopolistic goods markets, the real wage relevant for a union does not correspond to that relevant for the firm that negotiates the nominal ...
Economic Transition as a Crisis of Vision: Comparing Classical and
... to be universal laws, based on human nature -- greed, impatience and so forth." While the analyses of the classicals were continuously framed within a particular institutional framework, the neoclassicals "rarely say anything at all about the kind of economy to which an argument is to be applied. Th ...
... to be universal laws, based on human nature -- greed, impatience and so forth." While the analyses of the classicals were continuously framed within a particular institutional framework, the neoclassicals "rarely say anything at all about the kind of economy to which an argument is to be applied. Th ...
NBER WORKING PAPER SERIES THE IMPACT OF GLOBALIZATION ON PRE-INDUSTRIAL, TECHNOLOGICALLY QUIESCENT ECONOMIES:
... countries around the European periphery tended to grow faster than the rich industrial leaders at the European core, and often even faster than the richer countries overseas in the New World. This club excluded most of what is now called the Third World and eastern Europe, and even around this limit ...
... countries around the European periphery tended to grow faster than the rich industrial leaders at the European core, and often even faster than the richer countries overseas in the New World. This club excluded most of what is now called the Third World and eastern Europe, and even around this limit ...
Projections of Demand for Social Care and Disability
... demand for social care, 2005 to 2041: Projections of demand for social care and disability benefits for younger adults in England” (Wittenberg et al, 2008). Updated estimates of the prevalence of learning disabilities, based on new evidence provided by Eric Emerson and colleagues at the Centre for D ...
... demand for social care, 2005 to 2041: Projections of demand for social care and disability benefits for younger adults in England” (Wittenberg et al, 2008). Updated estimates of the prevalence of learning disabilities, based on new evidence provided by Eric Emerson and colleagues at the Centre for D ...
NBER WORKING PAPER SERIES AGGREGATE DEMAND AND SUPPLY Roger E. A. Farmer
... as the central expository device in undergraduate textbooks and to provide an interpretation of this diagram within the framework of a search theoretic model of the labor market. The current dominant interpretation of the General Theory is that of new-Keynesian economics which builds on Patinkin’s ( ...
... as the central expository device in undergraduate textbooks and to provide an interpretation of this diagram within the framework of a search theoretic model of the labor market. The current dominant interpretation of the General Theory is that of new-Keynesian economics which builds on Patinkin’s ( ...
Guaranteed Green Jobs: Sustainable Full Employment
... implemented with various results, but none has proven to tackle unemployment. Full employment has never been achieved during the last 40 years. Often the problem is that these policies promote indirect job creation: public spending, wage subsidies, incentives, tax cuts, or job training. Another issu ...
... implemented with various results, but none has proven to tackle unemployment. Full employment has never been achieved during the last 40 years. Often the problem is that these policies promote indirect job creation: public spending, wage subsidies, incentives, tax cuts, or job training. Another issu ...
Opportunities and challenges for 2016
... assets will therefore suffer in a risk-off environment even if the country is fundamentally stronger than many other emerging economies. The only G20 currencies that saw appreciations were the US dollar (+13.4%), the Saudi Arabian riyal (+13.0%) and the Chinese yuan. ...
... assets will therefore suffer in a risk-off environment even if the country is fundamentally stronger than many other emerging economies. The only G20 currencies that saw appreciations were the US dollar (+13.4%), the Saudi Arabian riyal (+13.0%) and the Chinese yuan. ...
CHAPTER 26: The Art of Central Banking: Targets, Instruments, and
... estimating and analyzing the reaction functions. Under the first approach, some interpret the statute in relation to the following factors and rank the central bank's: 1) monetary policy formulation, 2) conflict resolution, 3) central bank objectives, 4) term of office, and 5) limitations to lending ...
... estimating and analyzing the reaction functions. Under the first approach, some interpret the statute in relation to the following factors and rank the central bank's: 1) monetary policy formulation, 2) conflict resolution, 3) central bank objectives, 4) term of office, and 5) limitations to lending ...
Alternatives to austerity : progressive growth strategies for Europe
... to) issue loans. This may necessitate temporarily or permanently relieving them of non-performing assets and/ or recapitalising them. The United States successfully pursued this route in the current crisis (as did Sweden in the 1990s), refraining from seeking rapid reductions in the budget deficit a ...
... to) issue loans. This may necessitate temporarily or permanently relieving them of non-performing assets and/ or recapitalising them. The United States successfully pursued this route in the current crisis (as did Sweden in the 1990s), refraining from seeking rapid reductions in the budget deficit a ...
The Financial Crises in East Asia: The cases of Japan, China, South
... bound together through a high degree of share interlocking. Japanese banks are allowed to own equity in other corporations, and they act as an important link in the interlocking structure of these enterprise groups. The result is that banks as well as companies hold a large number of assets and stoc ...
... bound together through a high degree of share interlocking. Japanese banks are allowed to own equity in other corporations, and they act as an important link in the interlocking structure of these enterprise groups. The result is that banks as well as companies hold a large number of assets and stoc ...
Federal Budget - May 2015/16
... The information contained in this report (.the Information.) is provided for, and is only to be used by, persons in Australia. The information may not comply with the laws of another jurisdiction. The Information is general in nature and does not take into account the particular investment objective ...
... The information contained in this report (.the Information.) is provided for, and is only to be used by, persons in Australia. The information may not comply with the laws of another jurisdiction. The Information is general in nature and does not take into account the particular investment objective ...
NBER WORKING PAPER SERIES Price V. Fishback Working Paper 16477
... trying to stave off the bank failures of the early 1930s. The Fed then reduced the money supply again by raising reserve requirements three times in 1936 and 1937 in an attempt to prevent inflation by soaking up excess reserves. As a broad brush explanation of the reasons for the Federal Reserve’s c ...
... trying to stave off the bank failures of the early 1930s. The Fed then reduced the money supply again by raising reserve requirements three times in 1936 and 1937 in an attempt to prevent inflation by soaking up excess reserves. As a broad brush explanation of the reasons for the Federal Reserve’s c ...
Collapsing Worlds and Varieties of Welfare Capitalism: OCSID WORKING PAPER
... But even if the non-convergence hypothesis has become problematic, if not abandoned, there is another good reason why regime typologies are so attractive. A lasting achievement is the systemic view of social policy and the disciplinary outreach thereby attained. Esping-Andersen (1990: 29-33) was qui ...
... But even if the non-convergence hypothesis has become problematic, if not abandoned, there is another good reason why regime typologies are so attractive. A lasting achievement is the systemic view of social policy and the disciplinary outreach thereby attained. Esping-Andersen (1990: 29-33) was qui ...
The Business Cycle Approach to Equity Sector Investing
... and as growth rates moderate, the leadership of interest-ratesensitive sectors typically has tapered. At this point in the cycle, economically sensitive sectors still have performed well, but a shift has often taken place toward some industries that see a peak in demand for their products or service ...
... and as growth rates moderate, the leadership of interest-ratesensitive sectors typically has tapered. At this point in the cycle, economically sensitive sectors still have performed well, but a shift has often taken place toward some industries that see a peak in demand for their products or service ...
Contents - Scuola Superiore Sant`Anna
... Money is neutral if after a monetary expansion (increase in the supply of money) the price level, nominal wages and the nominal interest rate will increase but all the real values (output produced, consumption, investment, etc.) remain the same. ...
... Money is neutral if after a monetary expansion (increase in the supply of money) the price level, nominal wages and the nominal interest rate will increase but all the real values (output produced, consumption, investment, etc.) remain the same. ...