Full Employment, Guideposts and Economic Stability
... than government officials planned or expected. Largely as a result of their actions, the economic expansion that started in April, 1958, came to a premature end and unemployment rose at a time when it was already ex cessive. These unhappy consequences, however, had their redeeming side. The very ab ...
... than government officials planned or expected. Largely as a result of their actions, the economic expansion that started in April, 1958, came to a premature end and unemployment rose at a time when it was already ex cessive. These unhappy consequences, however, had their redeeming side. The very ab ...
Unemployment dynamics and NAIRU estimates for Accession countries: a univariate approach
... Enlargement is one of the most important challenges in the European Union (EU) agenda. Although it is not the …rst time that the EU is admitting countries with lower levels of economic development than the existing members, three characteristics make the present enlargement unique. The …rst di¤erenc ...
... Enlargement is one of the most important challenges in the European Union (EU) agenda. Although it is not the …rst time that the EU is admitting countries with lower levels of economic development than the existing members, three characteristics make the present enlargement unique. The …rst di¤erenc ...
Good
... Because textile is an intermediate good that is used in the production of the final good, dress, thus should not be counted in GDP which is the value of only final goods. This simple example shows that the value (BD2000) of intermediate good textile is included in the value of the final good dress. ...
... Because textile is an intermediate good that is used in the production of the final good, dress, thus should not be counted in GDP which is the value of only final goods. This simple example shows that the value (BD2000) of intermediate good textile is included in the value of the final good dress. ...
What has Happened to Monetarism? An Investigation into the
... contrasts with Keynes's conclusion that interest rates are determined within the financial system (on whatever basis, but lacking any direct and immediate anchoring from the real forces of productivity and thrift meant to be out there in the real economy). With interest rates determined along liquid ...
... contrasts with Keynes's conclusion that interest rates are determined within the financial system (on whatever basis, but lacking any direct and immediate anchoring from the real forces of productivity and thrift meant to be out there in the real economy). With interest rates determined along liquid ...
Telecommunications in small economies: the impact of liberalization
... for policy design through a multi-network perspective, one that considers the total sum of capabilities enabling a citizen’s access to a national telecommunications network (Fuentes-Bautista, 2001). Rapid technological change also dictates that the definitions of basic and advanced services will cha ...
... for policy design through a multi-network perspective, one that considers the total sum of capabilities enabling a citizen’s access to a national telecommunications network (Fuentes-Bautista, 2001). Rapid technological change also dictates that the definitions of basic and advanced services will cha ...
Introduction: How to think about economies at the macro level?
... period as a year, as a generation, or as any other arbitrary length of time. The economy is an isolated island. Many households live in this island. There are no markets and production is centralized. There is a benevolent dictator, or social planner, who governs all economic and social affairs Ther ...
... period as a year, as a generation, or as any other arbitrary length of time. The economy is an isolated island. Many households live in this island. There are no markets and production is centralized. There is a benevolent dictator, or social planner, who governs all economic and social affairs Ther ...
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... re-optimized, we let him choose between indexing his wage to past inflation or the inflation target of the central bank (i.e. trend inflation, which may vary). The worker’s indexation choice is based on the highest expected utility he would obtain from the two indexation schemes, given the average l ...
... re-optimized, we let him choose between indexing his wage to past inflation or the inflation target of the central bank (i.e. trend inflation, which may vary). The worker’s indexation choice is based on the highest expected utility he would obtain from the two indexation schemes, given the average l ...
4 MEASURING GDP AND ECONOMIC GROWTH*
... which real GDP decreases for at least two successive quarters. However the National Bureau of Economic Research defines a recession more broadly as a period of 6 months or more with a significant downturn in total output, income, employment, and trade. ...
... which real GDP decreases for at least two successive quarters. However the National Bureau of Economic Research defines a recession more broadly as a period of 6 months or more with a significant downturn in total output, income, employment, and trade. ...
June 11
... examiner understands and applies it in the same correct way. As preparation for the standardisation meeting each examiner analyses a number of candidates’ scripts: alternative answers not already covered by the mark scheme are discussed at the meeting and legislated for. If, after this meeting, exam ...
... examiner understands and applies it in the same correct way. As preparation for the standardisation meeting each examiner analyses a number of candidates’ scripts: alternative answers not already covered by the mark scheme are discussed at the meeting and legislated for. If, after this meeting, exam ...
1 - Whitman People
... the future. A reduction in income will cause individuals to reduce consumption. A reduction in wealth (assets minus liabilities) will also cause a reduction in consumption. An increase in the interest rate, by raising the cost of borrowing will cause a reduction in consumption. And finally, if indiv ...
... the future. A reduction in income will cause individuals to reduce consumption. A reduction in wealth (assets minus liabilities) will also cause a reduction in consumption. An increase in the interest rate, by raising the cost of borrowing will cause a reduction in consumption. And finally, if indiv ...
Cyclicality of SME Lending and Government Involvement in Banks
... held by banks with government involvement in 2013 and 13 percent by savings banks. Savings banks account for 19 percent of lending to non-banks. Specific rules in the bylaws and regional banking laws constrain savings banks to operate locally and to focus the provision of basic financial services li ...
... held by banks with government involvement in 2013 and 13 percent by savings banks. Savings banks account for 19 percent of lending to non-banks. Specific rules in the bylaws and regional banking laws constrain savings banks to operate locally and to focus the provision of basic financial services li ...
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... 3. The constructed measures of labor productivity are reasonably consistent with the most widely studied measure, the BLS’s measure of labor productivity in the business sector. Over the period of investigation, the difference between the labor-productivity growth rate estimates of the income-side a ...
... 3. The constructed measures of labor productivity are reasonably consistent with the most widely studied measure, the BLS’s measure of labor productivity in the business sector. Over the period of investigation, the difference between the labor-productivity growth rate estimates of the income-side a ...
paper
... cross-country panel data. They show that on average MICs do not grow slower compared to other countries, and in the long-run, none of them will stay below a predefined absolute income level. Their results suggest the following. First, it is not the absolute income but the income relative to the U.S ...
... cross-country panel data. They show that on average MICs do not grow slower compared to other countries, and in the long-run, none of them will stay below a predefined absolute income level. Their results suggest the following. First, it is not the absolute income but the income relative to the U.S ...
Nepal By Luke Vrotsos Economy Nepal is one of the poorest nations
... The currency of Nepal is the Nepalese Rupee,not to be confused with the Indian Rupee It is tied to the Indian Rupee so that one Indian Rupee is the same as 1.6 Nepalese Rupees As of April 25,2012,there are 84 rupees in a dollar ...
... The currency of Nepal is the Nepalese Rupee,not to be confused with the Indian Rupee It is tied to the Indian Rupee so that one Indian Rupee is the same as 1.6 Nepalese Rupees As of April 25,2012,there are 84 rupees in a dollar ...
OECD Economic Surveys KOREA JUNE 2014
... reflecting relatively stringent product market regulations and low inward foreign direct investment. The creation of new enterprises is hampered by problems in the venture capital market and SME financing. The productivity gap between large firms and SMEs, which benefit from a wide range of public s ...
... reflecting relatively stringent product market regulations and low inward foreign direct investment. The creation of new enterprises is hampered by problems in the venture capital market and SME financing. The productivity gap between large firms and SMEs, which benefit from a wide range of public s ...
The EBE Book of Economic Questions for HSC Students
... DRAFT These guidelines are currently being proof read and changes may occur. Once the final proofing has occurred, this message will disappear ...
... DRAFT These guidelines are currently being proof read and changes may occur. Once the final proofing has occurred, this message will disappear ...
WHY THE FEDERAL RESERVE SHOULD ADOPT INFLATION TARGETING
... literature on optimal monetary policy typically specifies an objective function for monetary policy which puts a negative weight on both output as well as inflation fluctuations,6 and operating with this type of objective function is consistent with what inflation targeting central banks have actual ...
... literature on optimal monetary policy typically specifies an objective function for monetary policy which puts a negative weight on both output as well as inflation fluctuations,6 and operating with this type of objective function is consistent with what inflation targeting central banks have actual ...
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
... Figure 1: Detrended Capacity Adjusted TFP and Labor Productivity ...
... Figure 1: Detrended Capacity Adjusted TFP and Labor Productivity ...
Christiano, Eichenbaum and Rebelo
... We abstract from this possibility in this paper. We do so for a number of reasons. First, this theoretical possibility is well understood. Second, we do not think that it is easy in practice for the central bank to credibly commit to future high inflation. Third, the optimal trade-off between higher ...
... We abstract from this possibility in this paper. We do so for a number of reasons. First, this theoretical possibility is well understood. Second, we do not think that it is easy in practice for the central bank to credibly commit to future high inflation. Third, the optimal trade-off between higher ...
The Economic Impact of Saratoga Gaming and Raceway
... The baseline economic impact does not include estimates of economic activity that are speculative or that rely on difficult to evaluate assumptions. For example, the estimate does not include the potential economic impact of tourism generated by Saratoga Gaming and Raceway. For example, individuals ...
... The baseline economic impact does not include estimates of economic activity that are speculative or that rely on difficult to evaluate assumptions. For example, the estimate does not include the potential economic impact of tourism generated by Saratoga Gaming and Raceway. For example, individuals ...
Automatic Fiscal Stabilisers - European Commission
... discretionary action versus automatic stabilisation. On one side of the debate, people have argued that discretionary fiscal policy is not an effective stabilisation tool. Especially from a political economy point of view, long decision and implementation lags associated with discretionary fiscal po ...
... discretionary action versus automatic stabilisation. On one side of the debate, people have argued that discretionary fiscal policy is not an effective stabilisation tool. Especially from a political economy point of view, long decision and implementation lags associated with discretionary fiscal po ...
Government report - World Trade Organization
... Omani legislation provided that foreign investment projects cannot be expropriated or confiscated except in case of public interest and that too against fair compensation. Repatriation of capital and profits is allowed freely without any restrictions or controls. ...
... Omani legislation provided that foreign investment projects cannot be expropriated or confiscated except in case of public interest and that too against fair compensation. Repatriation of capital and profits is allowed freely without any restrictions or controls. ...
View 2015 Economic Impact Analysis
... While PwC have used the latest Input-Output tables from ABS catalogue number 5209.0 (released September 2013), these figures only provide an economic snapshot for financial year 2009-10. Since 2009-10, the oil and gas sector has increased by 10 per cent and capital expenditure in the sector is over ...
... While PwC have used the latest Input-Output tables from ABS catalogue number 5209.0 (released September 2013), these figures only provide an economic snapshot for financial year 2009-10. Since 2009-10, the oil and gas sector has increased by 10 per cent and capital expenditure in the sector is over ...