The End of the Great Depression: VAR Insight on the Roles of
... In addition to the basic question “why did the Great Depression happen?” there is an obvious second question “why did the Great Depression last so long?” A determination of what factor or combination of factors ended the Depression can be turned on its head to suggest which alternative policies ...
... In addition to the basic question “why did the Great Depression happen?” there is an obvious second question “why did the Great Depression last so long?” A determination of what factor or combination of factors ended the Depression can be turned on its head to suggest which alternative policies ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: The Service Economy
... However, recent investigations of changes in weekly hours for manufacturing and retailing have cast considerable doubt on the previously accepted estimates of changes in hours between 1929 and Because of the uncertainty it was decided not to present measures of output per man-hour. Since 1947, there ...
... However, recent investigations of changes in weekly hours for manufacturing and retailing have cast considerable doubt on the previously accepted estimates of changes in hours between 1929 and Because of the uncertainty it was decided not to present measures of output per man-hour. Since 1947, there ...
5 MEASURING GDP AND ECONOMIC GROWTH*
... a) Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. b) The same prices should be used to value the goods and services in the countries being compared, but often are not. i) ...
... a) Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. b) The same prices should be used to value the goods and services in the countries being compared, but often are not. i) ...
The relevance of Keynes - Dr. Robert E. Looney Homepage
... it enlarges the scope for speculation and thus makes economic life more volatile. This has been exactly the effect of ‘securitisation’ in the last few years. However, the story is only half told. Investment depends on what Keynes calls the marginal efficiency of capital (MEC)—roughly, the expected r ...
... it enlarges the scope for speculation and thus makes economic life more volatile. This has been exactly the effect of ‘securitisation’ in the last few years. However, the story is only half told. Investment depends on what Keynes calls the marginal efficiency of capital (MEC)—roughly, the expected r ...
BELARUS AS A BUSINESS OPPORTUNITY?
... opening up the economy to trade and foreign investment, and implementing wideranging structural reforms to enhance the role of the market and mobilize resources to improve the physical and human capital of their countries (IMF, 2005). ...
... opening up the economy to trade and foreign investment, and implementing wideranging structural reforms to enhance the role of the market and mobilize resources to improve the physical and human capital of their countries (IMF, 2005). ...
** Complementary Credit Networks and Macro-Economic Stability * * uses data from a Swiss barter network to argue that large scale internet barter helps to stabilize the business cycle. My paper was recently invited for a 2nd presentation to the Central Bank of Brazil, and is in the
... receiving trade credits is most important for smaller firms, in their role as customers or distributors. Nilsen (2002) finds that use of trade credits is counter-cyclical for small firms, since they are more likely to be credit-rationed by banks when money is tight, and trade credits are often the o ...
... receiving trade credits is most important for smaller firms, in their role as customers or distributors. Nilsen (2002) finds that use of trade credits is counter-cyclical for small firms, since they are more likely to be credit-rationed by banks when money is tight, and trade credits are often the o ...
Scotiabank`s Global Outlook - Global Banking and Markets
... Global economic activity remains weak. At roughly 3%, 2016 represents the slowest year for global growth since the Great Financial Crisis (chart 1). The reasons for this underperformance are now well known, though they vary by country. They generally involve the following elements: structural adjust ...
... Global economic activity remains weak. At roughly 3%, 2016 represents the slowest year for global growth since the Great Financial Crisis (chart 1). The reasons for this underperformance are now well known, though they vary by country. They generally involve the following elements: structural adjust ...
Chapter 01 Limits, Alternatives, and Choices
... C. Opportunity costs vary greatly between individuals and matter in decision-making. D. Attending college has little effect on lifetime earnings. ...
... C. Opportunity costs vary greatly between individuals and matter in decision-making. D. Attending college has little effect on lifetime earnings. ...
NBER WORKING PAPER SERIES THE END OF THE GREAT
... The paper is organized into eight parts including the introduction. Part 2 introduces the new data for quarterly components of real GDP and potential real GDP and describes important aspects of interwar macroeconomics with charts based on the new data. Part 3 reviews contemporary media that dem ...
... The paper is organized into eight parts including the introduction. Part 2 introduces the new data for quarterly components of real GDP and potential real GDP and describes important aspects of interwar macroeconomics with charts based on the new data. Part 3 reviews contemporary media that dem ...
Economic Report of the President - The American Presidency Project
... But there are broader choices to make about what role the government should play in making sure the system’s not rigged in favor of the wealthiest and biggest corporations. A thriving private sector is the lifeblood of our economy, and we can all agree that there are outdated regulations that need t ...
... But there are broader choices to make about what role the government should play in making sure the system’s not rigged in favor of the wealthiest and biggest corporations. A thriving private sector is the lifeblood of our economy, and we can all agree that there are outdated regulations that need t ...
The United States of Walmart: Economics 226 Module 4
... referenced, Global Insight determined that consumer savings for the year 2004 amounted to $895 per person in the United States, or just under $2,500 per household. Another impact Wal-Mart has had on the United States’ economy has been to stimulate trade with countries such as China. Approximately te ...
... referenced, Global Insight determined that consumer savings for the year 2004 amounted to $895 per person in the United States, or just under $2,500 per household. Another impact Wal-Mart has had on the United States’ economy has been to stimulate trade with countries such as China. Approximately te ...
Abstract - Brad DeLong`s Website
... In the early 1970s, U.S. productivity growth fell off a cliff. Measured output per personhour worked in nonfarm business had averaged a growth rate of 2.88 percent per year from 1947 to 1973. It averaged a growth rate of only 1.30 percent per year from 1973 to 1995. The deceleration in the growth ra ...
... In the early 1970s, U.S. productivity growth fell off a cliff. Measured output per personhour worked in nonfarm business had averaged a growth rate of 2.88 percent per year from 1947 to 1973. It averaged a growth rate of only 1.30 percent per year from 1973 to 1995. The deceleration in the growth ra ...
Policy Mix Coherence: What Does it Mean for Monetary
... of the previous year’s fiscal revenue. In the second set of criteria, six guidelines: no new arrears are permitted, and all existing arrears must be cleared; fiscal revenue equivalent to 20% of GDP; wage bill of maximum 35% of total fiscal revenue; government investment equivalent to at least 20% of ...
... of the previous year’s fiscal revenue. In the second set of criteria, six guidelines: no new arrears are permitted, and all existing arrears must be cleared; fiscal revenue equivalent to 20% of GDP; wage bill of maximum 35% of total fiscal revenue; government investment equivalent to at least 20% of ...
Digitization for Economic Growth and Job Creation - WEF
... has enabled companies to move labor-intensive tasks to emerging economies while competing to develop the best design and user interface. For example, Samsung acts as a supplier to Apple for its iPhone products, but both compete aggressively in the consumer market by trying to differentiate themselve ...
... has enabled companies to move labor-intensive tasks to emerging economies while competing to develop the best design and user interface. For example, Samsung acts as a supplier to Apple for its iPhone products, but both compete aggressively in the consumer market by trying to differentiate themselve ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... Plans for full-fledged coordination, in the sense of cooperative maximization of some joint welfare function, are likely to be too complex to be implemented as literally proposed. Hence the motivation for simpler more practical schemes,2 for example focusing on a few key “economic indicators.” But t ...
... Plans for full-fledged coordination, in the sense of cooperative maximization of some joint welfare function, are likely to be too complex to be implemented as literally proposed. Hence the motivation for simpler more practical schemes,2 for example focusing on a few key “economic indicators.” But t ...
Answer Key - Bogazici University, Department of Economics
... ANSWER: b 43. If the consumer price index was 96 in 2012, 100 in 2013, and 102 in 2014, then the base year must be a. 2012. b. 2013. c. 2014. d. The base year cannot be determined from the given information. ANSWER: ...
... ANSWER: b 43. If the consumer price index was 96 in 2012, 100 in 2013, and 102 in 2014, then the base year must be a. 2012. b. 2013. c. 2014. d. The base year cannot be determined from the given information. ANSWER: ...
NBER WORKING PAPER SERIES MARKETS Rahul Anand
... both inflation measures is much higher in emerging markets. Core inflation has on average been more than twice as volatile in emerging market economies compared to advanced countries. The two measures of inflation exhibit a high degree of persistence in both sets of economies.11 We also look at the ...
... both inflation measures is much higher in emerging markets. Core inflation has on average been more than twice as volatile in emerging market economies compared to advanced countries. The two measures of inflation exhibit a high degree of persistence in both sets of economies.11 We also look at the ...
Unit III Answers to Extra Practice Questions CHAPTER 9
... their timing. Investment goods tend to be long lasting and “lumpy” in nature; that is, once a capital good is purchased it lasts a long time and the expenditure will not be repeated on a frequent, regular basis. Furthermore, this type of expenditure is usually large, so any changes tend to be substa ...
... their timing. Investment goods tend to be long lasting and “lumpy” in nature; that is, once a capital good is purchased it lasts a long time and the expenditure will not be repeated on a frequent, regular basis. Furthermore, this type of expenditure is usually large, so any changes tend to be substa ...
Full Text ( Final Version , 272kb )
... local provisions of specialist’s goods and services like high-developed infrastructure or testing firms. These amenities are only present when the costs of the provision can be spread out to the many firms within that region. A specialised cluster with many firms benefit from the supply of non-trade ...
... local provisions of specialist’s goods and services like high-developed infrastructure or testing firms. These amenities are only present when the costs of the provision can be spread out to the many firms within that region. A specialised cluster with many firms benefit from the supply of non-trade ...
International Spillovers and Guidelines for Policy Cooperation
... …rst welfare theorem at the level of national policymakers, interpreting V ( ) as the utility functions of competitive agents in a complete market. Our model is general enough to allow for a wide range of domestic market imperfections, including price stickiness, …nancial constraints, incentive/sele ...
... …rst welfare theorem at the level of national policymakers, interpreting V ( ) as the utility functions of competitive agents in a complete market. Our model is general enough to allow for a wide range of domestic market imperfections, including price stickiness, …nancial constraints, incentive/sele ...
Technological Diversification
... A more drastic example of the lack of technological diversification in less developed economies is offered by the 2011 drought in East Africa and the Horn, where a large fraction of the livestock (one of the main assets of these economies) has died, causing large drops in production and threatening ...
... A more drastic example of the lack of technological diversification in less developed economies is offered by the 2011 drought in East Africa and the Horn, where a large fraction of the livestock (one of the main assets of these economies) has died, causing large drops in production and threatening ...