CROSS-BORDER ECONOMIC RENEWAL Rethinking Regional
... In particular, we acknowledge the assistance of Dr Eoin Magennis of InterTrade Ireland and Philip McDonagh for generously sharing their knowledge and expertise with us. One of the most difficult tasks during the research was to set up the series of individual visits to enterprises in the border regi ...
... In particular, we acknowledge the assistance of Dr Eoin Magennis of InterTrade Ireland and Philip McDonagh for generously sharing their knowledge and expertise with us. One of the most difficult tasks during the research was to set up the series of individual visits to enterprises in the border regi ...
NBER WORKING PAPER SERIES AN ASSESSMENT OF THE NEW MERCHANTILISM
... economies, which causes them to increase assets holdings due to similar effects as those that result from financial globalization. Thus, the surge in reserves in this scenario is not the direct result of self-insurance against higher business cycle volatility inside Sudden Stop countries, but the i ...
... economies, which causes them to increase assets holdings due to similar effects as those that result from financial globalization. Thus, the surge in reserves in this scenario is not the direct result of self-insurance against higher business cycle volatility inside Sudden Stop countries, but the i ...
1 - Hans-Böckler
... bonds to prevent rates from rising. Such interest rate stabilizing bond purchases implicitly money finance budget deficits and reveal how fiscal policy is connected inseparably to monetary policy under current policy arrangements. This connection makes it difficult to talk of pure bond financed fisc ...
... bonds to prevent rates from rising. Such interest rate stabilizing bond purchases implicitly money finance budget deficits and reveal how fiscal policy is connected inseparably to monetary policy under current policy arrangements. This connection makes it difficult to talk of pure bond financed fisc ...
Draft - eMINTS
... Expectation is aligned to Show-Me Content and Process Standards (1996). A Depth-of-Knowledge level has been assigned to each grade and course level expectation. The Depth-of-Knowledge identifies the highest level at which the expectation will be assessed based on the demand of the GLE. Depth-of-Know ...
... Expectation is aligned to Show-Me Content and Process Standards (1996). A Depth-of-Knowledge level has been assigned to each grade and course level expectation. The Depth-of-Knowledge identifies the highest level at which the expectation will be assessed based on the demand of the GLE. Depth-of-Know ...
Aggregate Demand/Supply
... 8. In the AD–AS model, the intersection of the short-run aggregate supply curve and the aggregate demand curve is the point of short-run macroeconomic equilibrium. It determines the short-run equilibrium aggregate price level and the level of short-run equilibrium aggregate output. 9. Economic fluct ...
... 8. In the AD–AS model, the intersection of the short-run aggregate supply curve and the aggregate demand curve is the point of short-run macroeconomic equilibrium. It determines the short-run equilibrium aggregate price level and the level of short-run equilibrium aggregate output. 9. Economic fluct ...
Principles of Economics, Case and Fair,9e
... pay taxes to the government. They also purchase foreign-made goods and services (imports). Firms receive payments from households and the government for goods and services; they pay wages, dividends, interest, and rents to households and taxes to the government. The government receives taxes from fi ...
... pay taxes to the government. They also purchase foreign-made goods and services (imports). Firms receive payments from households and the government for goods and services; they pay wages, dividends, interest, and rents to households and taxes to the government. The government receives taxes from fi ...
13 TIME INCONSISTENCY IN MONETARY POLICY
... Since the times of accepting the state in the economic environment, which is linked mainly with the “New Deal” programme, a polemic has been raging over the magnitude and justification of such interventions in an economy. However, a stabilisation policy, which should ensure permanently sustainable g ...
... Since the times of accepting the state in the economic environment, which is linked mainly with the “New Deal” programme, a polemic has been raging over the magnitude and justification of such interventions in an economy. However, a stabilisation policy, which should ensure permanently sustainable g ...
The End of the Great Depression 1939-41
... the six quarters 1940:Q2 to 1941:Q4 the share of total government spending in GDP doubled from 13 to 26 percent, and we build a quarterly model and obtain multiplier estimates, while previous research could not, by developing a new quarterly data set that extends from 1919 to 1947. Our central multi ...
... the six quarters 1940:Q2 to 1941:Q4 the share of total government spending in GDP doubled from 13 to 26 percent, and we build a quarterly model and obtain multiplier estimates, while previous research could not, by developing a new quarterly data set that extends from 1919 to 1947. Our central multi ...
What is the Wealth of a Nation?
... “analysts” opined that these same stocks were worth only about 60% of what they had been worth in early 2000. And so it goes for the other markets. What are we to conclude from these remarkable data? Can we trust the financial markets at all to put realistic values on real and financial assets? The ...
... “analysts” opined that these same stocks were worth only about 60% of what they had been worth in early 2000. And so it goes for the other markets. What are we to conclude from these remarkable data? Can we trust the financial markets at all to put realistic values on real and financial assets? The ...
The American Value Shopper in a Down Economy: Demographic, Marketing,
... Consumers may increasingly turn to discounters and the Internet and take other measures to conserve spendable income during an unpredictable time. On the other side of the equation, competition in a dwindling retail scene across multiple markets is changing the ways in which marketers approach their ...
... Consumers may increasingly turn to discounters and the Internet and take other measures to conserve spendable income during an unpredictable time. On the other side of the equation, competition in a dwindling retail scene across multiple markets is changing the ways in which marketers approach their ...
Henrike Michaelis und Sebastian Watzka: Are there Differences in
... a forecast error variance decomposition (FEVD) and subsection four links our results to the underlying theoretical framework of Eggertsson (2011). Section 7 discusses our robustness checks and section 8 finally concludes. 2. Survey of Related Literature for Japan Vector autoregression models (VAR) a ...
... a forecast error variance decomposition (FEVD) and subsection four links our results to the underlying theoretical framework of Eggertsson (2011). Section 7 discusses our robustness checks and section 8 finally concludes. 2. Survey of Related Literature for Japan Vector autoregression models (VAR) a ...
UK BUSINESS CONFIDENCE MONITOR Q1 2009
... January, the ICAEW published ‘Eight Strategies for Surviving the Downturn’, a guide to help businesses plan survival strategies and activities which could help them in facing the current economic challenges. It provides businesses with practical help and topics to discuss within their management tea ...
... January, the ICAEW published ‘Eight Strategies for Surviving the Downturn’, a guide to help businesses plan survival strategies and activities which could help them in facing the current economic challenges. It provides businesses with practical help and topics to discuss within their management tea ...
Economics of Money, Banking, and Financial Markets, 8e
... 4) The monetarist-Keynesian debate on the importance of monetary policy is unresolved because monetarists and Keynesians focus on two different types of evidence that generate conflicting conclusions. Monetarists tend to focus on A) structural-model evidence, while Keynesians focus on reduced-form e ...
... 4) The monetarist-Keynesian debate on the importance of monetary policy is unresolved because monetarists and Keynesians focus on two different types of evidence that generate conflicting conclusions. Monetarists tend to focus on A) structural-model evidence, while Keynesians focus on reduced-form e ...
The Microfinance Movement in Mexico: Revolutionary or Institutional?
... of Compartamos, how its success embodies the commercialization debate, and how its practices, however imperfect, still present a good banking option for a marginalized population. In order to comprehend the importance of microfinance institutions in the Latin American we must first understand two im ...
... of Compartamos, how its success embodies the commercialization debate, and how its practices, however imperfect, still present a good banking option for a marginalized population. In order to comprehend the importance of microfinance institutions in the Latin American we must first understand two im ...
globalization and the competitiveness of enterprises
... • Of course, such approach would not make the nation richer, rather poorer, or more productive, but technically productivity would be raised. • There is no benefit to the economy from increasing the number of unemployed that do not create value, do not pay taxes and receive social benefits. ...
... • Of course, such approach would not make the nation richer, rather poorer, or more productive, but technically productivity would be raised. • There is no benefit to the economy from increasing the number of unemployed that do not create value, do not pay taxes and receive social benefits. ...
The Close Connection Between Nominal
... any pT choice that depends only on currently available information. The speci…c implementation of nominal-GDP targeting analyzed in this paper is mathematically equivalent to setting nT = (p+Ey ) + T , where E(yT y )=T + . In words: To obtain future target nominal GDP, extrapolate current nominal po ...
... any pT choice that depends only on currently available information. The speci…c implementation of nominal-GDP targeting analyzed in this paper is mathematically equivalent to setting nT = (p+Ey ) + T , where E(yT y )=T + . In words: To obtain future target nominal GDP, extrapolate current nominal po ...
The Production Account and GDP
... estimates of GDP and contain both the formal and informal or non-monetary contributions. If the informal sector, including the subsistence contributions, are removed from these tables the resulting GDP should be quite close to the estimates in Table 1. In analyzing GDP growth over time it is importa ...
... estimates of GDP and contain both the formal and informal or non-monetary contributions. If the informal sector, including the subsistence contributions, are removed from these tables the resulting GDP should be quite close to the estimates in Table 1. In analyzing GDP growth over time it is importa ...
Keynes and Marx - Post-Keynesian Economics Study Group
... of money unless the velocity of circulation keeps on growing indefinitely. In order to avoid this conclusion, it is necessary to allow for the possibility of increases in the total supply of money, the third case considered by Marx. If the capitalists’ liquidity preference, the prices of commodities ...
... of money unless the velocity of circulation keeps on growing indefinitely. In order to avoid this conclusion, it is necessary to allow for the possibility of increases in the total supply of money, the third case considered by Marx. If the capitalists’ liquidity preference, the prices of commodities ...
Social Conflict and the Effectiveness of Aggregate Demand
... methodology, and terminology, but, as I hope to show, there comes out from this work a remarkably coherent account of why macroeconomic imbalances were largely absent during the 1950s and 1960s (that is, the period that has come to be known as the “golden age” of capitalism),1 and why this ceased to ...
... methodology, and terminology, but, as I hope to show, there comes out from this work a remarkably coherent account of why macroeconomic imbalances were largely absent during the 1950s and 1960s (that is, the period that has come to be known as the “golden age” of capitalism),1 and why this ceased to ...
i Maximum Sustainable Government Debt in the Overlapping
... The questions we will seek to answer are, first of all, is it true that a finite maximum sustainable level of debt exists? In a model where debt is non-neutral, we would in general expect the answer to be 'yes', although we will see that there can be exceptions. A second question then is, what exact ...
... The questions we will seek to answer are, first of all, is it true that a finite maximum sustainable level of debt exists? In a model where debt is non-neutral, we would in general expect the answer to be 'yes', although we will see that there can be exceptions. A second question then is, what exact ...
Optimal Currency Areas: Theory and Evidence for an African Single
... I shall conclude in Section 4 by highlighting the conclusions that have been made in my theoretical and empirical assessment, as well as outline any research gaps that have become evident and any policy advice that can be gained from this study. 1.1 Historical Background Africa has a long colonial h ...
... I shall conclude in Section 4 by highlighting the conclusions that have been made in my theoretical and empirical assessment, as well as outline any research gaps that have become evident and any policy advice that can be gained from this study. 1.1 Historical Background Africa has a long colonial h ...
McEachern Chapter 5 PPT
... The National Economy • Each country has its own: – Standard of living and currency – Culture and language – Communication and transportation system – System of government – “Rules of the game” • Laws, regulations, customs, manners, and ...
... The National Economy • Each country has its own: – Standard of living and currency – Culture and language – Communication and transportation system – System of government – “Rules of the game” • Laws, regulations, customs, manners, and ...
... from an average of around 15 weeks in the period 1960-2008 to an average of close to 40 weeks in 2012.2 This increase has been of great concern to policy makers. One reason is the widely held belief that long unemployment spells lead to the depreciation of a worker’s human capital. 3 But does the p ...
DP2010/14 Monetary Policy, In‡ation and Unemployment Nicolas Groshenny December 2010
... which is used to estimate the model. The Taylor rule’s coe¢ cients are well identi…ed and consistent with a broad literature. The posterior medians of the degree of interest rate smoothing, the response-coe¢ cient to the deviations of in‡ation from target, and the response-coe¢ cient to output grow ...
... which is used to estimate the model. The Taylor rule’s coe¢ cients are well identi…ed and consistent with a broad literature. The posterior medians of the degree of interest rate smoothing, the response-coe¢ cient to the deviations of in‡ation from target, and the response-coe¢ cient to output grow ...
macroeconomic policy - Faculty of Business and Economics Courses
... sales is permanent or transitory. So, it may prefer to wait and see whether this higher demand will continue into future. Secondly, producers work on explicit or implicit contracts with their customers. Explicit contracts are written contracts, whereas implicit contracts are unwritten contracts base ...
... sales is permanent or transitory. So, it may prefer to wait and see whether this higher demand will continue into future. Secondly, producers work on explicit or implicit contracts with their customers. Explicit contracts are written contracts, whereas implicit contracts are unwritten contracts base ...