69. Adina Dornean - Danubius Proceedings
... the interest. At the same time, the entrepreneur does not ignore the acceleration effect according to which an increase of the consumption can determine an increase more than proportional of the investments in the area in which these goods are manufactured for which the demand has increased, in the ...
... the interest. At the same time, the entrepreneur does not ignore the acceleration effect according to which an increase of the consumption can determine an increase more than proportional of the investments in the area in which these goods are manufactured for which the demand has increased, in the ...
Implications-of-diff..
... Keynesianism became mainstream in the 1950s and 1960s retaining a strong, though fading, influence in the 1970s. This “neoclassical synthesis” was undermined by a few crucial shortcomings: in particular the introduction in the macroeconomic model of a stable Phillips curve utilized as a menu of poli ...
... Keynesianism became mainstream in the 1950s and 1960s retaining a strong, though fading, influence in the 1970s. This “neoclassical synthesis” was undermined by a few crucial shortcomings: in particular the introduction in the macroeconomic model of a stable Phillips curve utilized as a menu of poli ...
Automatic Stabilizers, Fiscal Rules and Macroeconomic Stability*
... most salient long-run and business cycle features of a representative European economy, under the assumption of technology shocks as the only source of fluctuations. The size of the public sector is set to realistic values and it includes a balanced tax structure in which public spending is financed ...
... most salient long-run and business cycle features of a representative European economy, under the assumption of technology shocks as the only source of fluctuations. The size of the public sector is set to realistic values and it includes a balanced tax structure in which public spending is financed ...
"Green Economy": Opportunities and Constraints for Russian
... Development, said “we must achieve innovative, energy efficient growth and a ‘green’ economy that will, undoubtedly, benefit all countries”. 1 Statements made by government officials may not always reflect reality, especially in Russia, but these forward-looking statements suggest an appetite for pu ...
... Development, said “we must achieve innovative, energy efficient growth and a ‘green’ economy that will, undoubtedly, benefit all countries”. 1 Statements made by government officials may not always reflect reality, especially in Russia, but these forward-looking statements suggest an appetite for pu ...
Strategia Europa 2020 i Europejska Odbudowa Europe 2020
... Therefore, to arrive at a smart growth not every innovation will contribute to it. If innovation is capital-augmenting capital cost will rise and production costs may hamper competitiveness and reduce employment. Already at the beginning of the Lisbon Strategy capital cost reduction was one of the m ...
... Therefore, to arrive at a smart growth not every innovation will contribute to it. If innovation is capital-augmenting capital cost will rise and production costs may hamper competitiveness and reduce employment. Already at the beginning of the Lisbon Strategy capital cost reduction was one of the m ...
The Second Phase of Global Liquidity and Hyun Song Shin
... choose their portfolio. Frequently, the trading restrictions are based on measures of risk used by banks and other leveraged players. As such, their behavior may exhibit the same type of procyclical risk-taking that banks are known for. The uncomfortable lesson is that asset managers may not conform ...
... choose their portfolio. Frequently, the trading restrictions are based on measures of risk used by banks and other leveraged players. As such, their behavior may exhibit the same type of procyclical risk-taking that banks are known for. The uncomfortable lesson is that asset managers may not conform ...
Company Analysis
... market conditions are reinforcing this trend. Official Ministry of Finance forecasts from January indicate that growth will drop to 1.4% this year and 0.4% in 2009. At the same time, Moody’s notes that growth forecasts fluctuate widely for this very small, open economy and therefore the margin for e ...
... market conditions are reinforcing this trend. Official Ministry of Finance forecasts from January indicate that growth will drop to 1.4% this year and 0.4% in 2009. At the same time, Moody’s notes that growth forecasts fluctuate widely for this very small, open economy and therefore the margin for e ...
Labor Market Reform and Poverty - The Role of Informal
... Maiti (2006) and Marjit, Kar and Beladi (2007). It also discusses the impact of both types of reform and derives conditions under which both will improve the informal wage. The informal wage in this paper is used as a proxy for poor people’s income and may be interpreted as the minimum requirement f ...
... Maiti (2006) and Marjit, Kar and Beladi (2007). It also discusses the impact of both types of reform and derives conditions under which both will improve the informal wage. The informal wage in this paper is used as a proxy for poor people’s income and may be interpreted as the minimum requirement f ...
An Investigation into a Reversal of the Keynesian-Neoclassical synthesis. Sarah Rowell
... Keynes's writings were mainly concerned with current flows and, thus, brought about an exaggerated view of the underlying disequilibrium tendencies of an economy. By just concentrating on current flows the economy does appear to be inherently unstable. However, this is an unrealistic premise from wh ...
... Keynes's writings were mainly concerned with current flows and, thus, brought about an exaggerated view of the underlying disequilibrium tendencies of an economy. By just concentrating on current flows the economy does appear to be inherently unstable. However, this is an unrealistic premise from wh ...
Is the UK Bound to follow Free Market Economic Policies?
... A wide range of mainstream economic commentators believes that the Thatcherite reforms ended a long period of relative economic decline and introduced a sustained period of rapid and stable growth. For instance Professor John Van Reenan, Director of the Centre for Economic Performance at the LSE, wr ...
... A wide range of mainstream economic commentators believes that the Thatcherite reforms ended a long period of relative economic decline and introduced a sustained period of rapid and stable growth. For instance Professor John Van Reenan, Director of the Centre for Economic Performance at the LSE, wr ...
The Economic and Social Impact of Telecommunications Output: Empirical Evidence in the US and Europe
... • An investment in broadband of $63 Billion in the US would achieve universal coverage, allowing the maximization of consumer surplus generated by new services, savings in transportation time and new computer applications; this would result in a cummulative increase to the GDP of $ 179 Billion (Cran ...
... • An investment in broadband of $63 Billion in the US would achieve universal coverage, allowing the maximization of consumer surplus generated by new services, savings in transportation time and new computer applications; this would result in a cummulative increase to the GDP of $ 179 Billion (Cran ...
Final-Exam Practice
... A) the sale of government bonds by the Federal Reserve and an increase in the price level B) the purchase of government bonds by the Federal Reserve and a decrease in the price level C) an increase in the required reserve ratio and a decrease in the level of real GDP D) a decrease in the discount ra ...
... A) the sale of government bonds by the Federal Reserve and an increase in the price level B) the purchase of government bonds by the Federal Reserve and a decrease in the price level C) an increase in the required reserve ratio and a decrease in the level of real GDP D) a decrease in the discount ra ...
Chapter 37 :: Government Revenue and
... A deficit means the government is injecting more money into the economy (through spending) than it is taking out (through taxation). A deliberate decision to do this is known as an expansionary budget because it will result in extra money and spending in the economy. The government may use this appr ...
... A deficit means the government is injecting more money into the economy (through spending) than it is taking out (through taxation). A deliberate decision to do this is known as an expansionary budget because it will result in extra money and spending in the economy. The government may use this appr ...
“Debating an appropriate macroeconomic policy for South Africa`s
... Commission’s investigations into the sharp depreciation of the Rand at the end of 2001. The alternative of a free floating exchange rate means the currency could either appreciate or depreciate, and speculators are not offered the opportunity of a ‘one way bet’ in the foreign exchange market. Second ...
... Commission’s investigations into the sharp depreciation of the Rand at the end of 2001. The alternative of a free floating exchange rate means the currency could either appreciate or depreciate, and speculators are not offered the opportunity of a ‘one way bet’ in the foreign exchange market. Second ...
Слайд 1 - Центр Разумкова
... The Committee for Economic Reforms has been established under the President to create and deliver an Economic Reform Program for 2010-2014. The main priorities of the Program: - setting a framework for ensuring long term macroeconomic stability; - keeping low inflation; - stabilizing public finances ...
... The Committee for Economic Reforms has been established under the President to create and deliver an Economic Reform Program for 2010-2014. The main priorities of the Program: - setting a framework for ensuring long term macroeconomic stability; - keeping low inflation; - stabilizing public finances ...
2 Measures of Informality vs Income per Capita
... Labor: informality offers flexibility, avoidance of poorly designed benefits programs, and provides “decent” work Firms: don’t need/want State programs, don’t pay for them Larger firms and individuals: Why pay taxes if can avoid? ...
... Labor: informality offers flexibility, avoidance of poorly designed benefits programs, and provides “decent” work Firms: don’t need/want State programs, don’t pay for them Larger firms and individuals: Why pay taxes if can avoid? ...
Richard B. McKenzie THE FIRST AND SECOND REICH: ADVOCATE
... fear” (Reich 1983, p. 20). In spite of government growth in a variety of areas, the American economy began to come unraveled around 1970, according to Reich, not because of the then-growing government deficits or the expansion of environmental and social regulation or the lack of investment in physi ...
... fear” (Reich 1983, p. 20). In spite of government growth in a variety of areas, the American economy began to come unraveled around 1970, according to Reich, not because of the then-growing government deficits or the expansion of environmental and social regulation or the lack of investment in physi ...
CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY
... A. Macroeconomics is an active field of research in which there is much consensus, but also some differing viewpoints, especially about the business cycle. B. The Keynesian View 1. A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to ac ...
... A. Macroeconomics is an active field of research in which there is much consensus, but also some differing viewpoints, especially about the business cycle. B. The Keynesian View 1. A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to ac ...
CHAPTER 6: AGGREGATE DEMAND AND AGGREGATE SUPPLY
... A. Macroeconomics is an active field of research in which there is much consensus, but also some differing viewpoints, especially about the business cycle. B. The Keynesian View 1. A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to ac ...
... A. Macroeconomics is an active field of research in which there is much consensus, but also some differing viewpoints, especially about the business cycle. B. The Keynesian View 1. A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to ac ...
US Monetary and Fiscal Policy in the 1930s Price
... most of the recovery. Later efforts by the Federal Reserve to combat potential inflation through increases in reserve requirements signaled another policy regime change that contributed to the downturn of 1937-38. How effective was fiscal policy? A nationwide Keynesian fiscal stimulus was never real ...
... most of the recovery. Later efforts by the Federal Reserve to combat potential inflation through increases in reserve requirements signaled another policy regime change that contributed to the downturn of 1937-38. How effective was fiscal policy? A nationwide Keynesian fiscal stimulus was never real ...
Chapter 8
... hire additional hours of labor up to the point where the MPPL = real hourly wage rate. This example also illustrates that, when the real hourly wage rate falls, the firm responds by hiring more hours of labor. Therefore we can conclude that the quantity of labor demanded increases when the real hour ...
... hire additional hours of labor up to the point where the MPPL = real hourly wage rate. This example also illustrates that, when the real hourly wage rate falls, the firm responds by hiring more hours of labor. Therefore we can conclude that the quantity of labor demanded increases when the real hour ...