State Intervention in times of the Global Economic Crisis
... into several kinds/types of institutionalism. All of them emphasize that institutional factors are crucial in the intra-societal preference formation. However, they make different statements regarding the origin, logic and action within institutions. Essentially, there are three types of institution ...
... into several kinds/types of institutionalism. All of them emphasize that institutional factors are crucial in the intra-societal preference formation. However, they make different statements regarding the origin, logic and action within institutions. Essentially, there are three types of institution ...
Document
... material well enough. You can only ask a question regarding the dictionary meaning of a word (but we will not explain technical terms which are the subject material of this course). You are NOT allowed to leave the room during the exam. If you need to use the restroom, do it before the test starts ...
... material well enough. You can only ask a question regarding the dictionary meaning of a word (but we will not explain technical terms which are the subject material of this course). You are NOT allowed to leave the room during the exam. If you need to use the restroom, do it before the test starts ...
Asset Prices and Monetary Policy
... omission is not seen as a problem, quite the opposite. Monetary policy can only control the development of goods prices over the medium to long term. But, in times of large movements of assets prices, the debate always starts on whether this concentration of monetary policy on consumer prices alone ...
... omission is not seen as a problem, quite the opposite. Monetary policy can only control the development of goods prices over the medium to long term. But, in times of large movements of assets prices, the debate always starts on whether this concentration of monetary policy on consumer prices alone ...
Is it possible for an economy to grow forever
... example, in the past, accountants did not count computer software as capital. Productivity has actually grown over one percent per year for the past thirty years for sectors that have invested heavily in computers. MIT economists showed that in the 1990s, computers significantly contributed to firm- ...
... example, in the past, accountants did not count computer software as capital. Productivity has actually grown over one percent per year for the past thirty years for sectors that have invested heavily in computers. MIT economists showed that in the 1990s, computers significantly contributed to firm- ...
Minutes of the 196th Meeting of the Monetary Policy Committee
... domestic activity expansion pace this year lower than the previously expected. This process has been especially intensified by the uncertainties arising from the effect of non-economic events. In particular, investment has retreated, mainly influenced by the occurrence of these events, and private c ...
... domestic activity expansion pace this year lower than the previously expected. This process has been especially intensified by the uncertainties arising from the effect of non-economic events. In particular, investment has retreated, mainly influenced by the occurrence of these events, and private c ...
Final examination and solution to parts A and B
... Suppose U.S. produces and sells USgood at $3.00 a unit, Germany produces and sells Eurogood at €2.00 a unit. Suppose at US$/€ = $1.50, U.S demands 200 units of Eurogood and sells 150 units of USgood to Germany. Assume that U.S. and Germany only trade with each other. Does the U.S. have a current acc ...
... Suppose U.S. produces and sells USgood at $3.00 a unit, Germany produces and sells Eurogood at €2.00 a unit. Suppose at US$/€ = $1.50, U.S demands 200 units of Eurogood and sells 150 units of USgood to Germany. Assume that U.S. and Germany only trade with each other. Does the U.S. have a current acc ...
chapter overview
... 2. In the real-business cycle theory, declines in GDP mean less demand for money. Here, the supply of money is decreased after the demand declines. AD falls, but price level is the same because AS also declined. D. Coordination Failures: A fourth view relates to so-called coordination failures. 1. M ...
... 2. In the real-business cycle theory, declines in GDP mean less demand for money. Here, the supply of money is decreased after the demand declines. AD falls, but price level is the same because AS also declined. D. Coordination Failures: A fourth view relates to so-called coordination failures. 1. M ...
Trade, Inclusive Growth and Inclusive Policy Making
... feasibility study proposals with funding from national government. • If similar cases multiply, then government expenditures more effective and pro-poor (or growth inclusive). ...
... feasibility study proposals with funding from national government. • If similar cases multiply, then government expenditures more effective and pro-poor (or growth inclusive). ...
Foreign-Exchange Market and Exchange Rates
... How did the legislation of 1935 change the structure of the Federal Reserve? What is the Fed’s main purpose today? How does this differ from its purposes before 1935? Who runs the Fed? How are these people chosen? What are their terms? Can anyone fire them? What function is served by the FOMC? ...
... How did the legislation of 1935 change the structure of the Federal Reserve? What is the Fed’s main purpose today? How does this differ from its purposes before 1935? Who runs the Fed? How are these people chosen? What are their terms? Can anyone fire them? What function is served by the FOMC? ...
The Political Economy of the New Left in Latin America
... the problem was made worse by the fact that the tight money policies pursued made the financing and refinancing of debt a very costly process. For both countries also, the high external value of their currencies imposed a competitive disadvantage, placed pressure on the current account balance and t ...
... the problem was made worse by the fact that the tight money policies pursued made the financing and refinancing of debt a very costly process. For both countries also, the high external value of their currencies imposed a competitive disadvantage, placed pressure on the current account balance and t ...
Forum for Social Economics Contemporary Capitalism as a New
... At the same time, the deregulation of financial markets favored the process of financialization of the economy according to three guidelines. The first was to encourage the participation of households in financial markets through the introduction of defined contribution plans and pension funds, as w ...
... At the same time, the deregulation of financial markets favored the process of financialization of the economy according to three guidelines. The first was to encourage the participation of households in financial markets through the introduction of defined contribution plans and pension funds, as w ...
Chapter 10 Slides
... equivalently, the circular velocity of money V in MV=Py, is really a (stable) function of a few well-defined variables. ...
... equivalently, the circular velocity of money V in MV=Py, is really a (stable) function of a few well-defined variables. ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
... •Japanese buying more US bonds •Japanese buying more US factories ...
... •Japanese buying more US bonds •Japanese buying more US factories ...
Schumpeterian Theories
... • Explained depth and duration of depression in 1930s in terms of labor legislation, social security, public works spending progress tax structure – changed rules of the game • In model the entrepreneurial success drives economies to high levels of prosperity – creative destruction needed for advanc ...
... • Explained depth and duration of depression in 1930s in terms of labor legislation, social security, public works spending progress tax structure – changed rules of the game • In model the entrepreneurial success drives economies to high levels of prosperity – creative destruction needed for advanc ...
PDF
... Economic Importance of the Food Supply Chain An overview of the United States economy in 2000 is shown by the total output, gross domestic product, income and employment for each of 43 sectors, Table 1. The total economic output for United States in 2000 was $7.2 trillion with total employment of ne ...
... Economic Importance of the Food Supply Chain An overview of the United States economy in 2000 is shown by the total output, gross domestic product, income and employment for each of 43 sectors, Table 1. The total economic output for United States in 2000 was $7.2 trillion with total employment of ne ...
Conservation of Mass and Instability in a Dynamic
... resting on the foundations laid by Neumann [24], Leontief [18], and Sraffa [29]-are characterized by two extraordinarily powerful assumptions: that technology is fixed, and that the economy functions independently of its environment. The assumption of fixed technology implies a non-innovative system ...
... resting on the foundations laid by Neumann [24], Leontief [18], and Sraffa [29]-are characterized by two extraordinarily powerful assumptions: that technology is fixed, and that the economy functions independently of its environment. The assumption of fixed technology implies a non-innovative system ...
APMac2 - nrapmacro
... An unemployed college graduate is looking for his first job. Advances in technology make the assembly-line worker’s job obsolete. Slumping sales lead to the cashier being laid off. An individual refuses to work for minimum wage. A high school graduate lacks the skills necessary for a particular job. ...
... An unemployed college graduate is looking for his first job. Advances in technology make the assembly-line worker’s job obsolete. Slumping sales lead to the cashier being laid off. An individual refuses to work for minimum wage. A high school graduate lacks the skills necessary for a particular job. ...
837 b. Which type of fiscal policy—expansionary or
... Albernia to potential output, YP? What are some examples of such policies? c. Illustrate the macroeconomic situation in Albernia ...
... Albernia to potential output, YP? What are some examples of such policies? c. Illustrate the macroeconomic situation in Albernia ...
Principles of Macroeconomics Economics 11C
... video series, made in 2002, interweaves the economic and intellectual history of the twentieth century, focusing on the great conflict over using governments or markets to guide the economy Matt Ridley, The Rational Optimist: How Prosperity Evolves Why are we so pessimistic about the economic and en ...
... video series, made in 2002, interweaves the economic and intellectual history of the twentieth century, focusing on the great conflict over using governments or markets to guide the economy Matt Ridley, The Rational Optimist: How Prosperity Evolves Why are we so pessimistic about the economic and en ...
IV. Globalization and The Efficiency of Equilibrium
... privatization—has played a strong supporting role in the past decade’s disinflation”. 2 Some empirical work supports Rogoff’s conjecture. In early work, Romer (1993, 1998), and Lane (1997) showed that trade liberalization is associated with lower inflation in large (flexible exchange rate) OECD econ ...
... privatization—has played a strong supporting role in the past decade’s disinflation”. 2 Some empirical work supports Rogoff’s conjecture. In early work, Romer (1993, 1998), and Lane (1997) showed that trade liberalization is associated with lower inflation in large (flexible exchange rate) OECD econ ...
France: The end oF The road, again?
... productivity explains a large part of GDP growth. The standard growth accounting method used by Bergeaud, Cette, and Lecat produces estimates of the differential effect of labor, capital, and residual factors. It is a better method for measuring productivity. Simply dividing GDP by the number of wor ...
... productivity explains a large part of GDP growth. The standard growth accounting method used by Bergeaud, Cette, and Lecat produces estimates of the differential effect of labor, capital, and residual factors. It is a better method for measuring productivity. Simply dividing GDP by the number of wor ...
Economics 1012A Introduction to Macroeconomics Fall 2008 Dr
... 28. If economic activity increases, it follows that economic welfare A) increases as more goods and services become available. B) decreases as more resources are depleted. C) does not change since it does not depend on the level of economic activity. D) may increase, decrease, or remain unchanged, ...
... 28. If economic activity increases, it follows that economic welfare A) increases as more goods and services become available. B) decreases as more resources are depleted. C) does not change since it does not depend on the level of economic activity. D) may increase, decrease, or remain unchanged, ...
How to get growth in Japan
... land and turning it into ‘BoJ parks’; this would support the real estate market, help the banks that have collateralized much land and, most of all, improve the quality of life in the concrete jungle of Japan’s cities.vii Unlike policies taken by the authorities over the past decade, none of these p ...
... land and turning it into ‘BoJ parks’; this would support the real estate market, help the banks that have collateralized much land and, most of all, improve the quality of life in the concrete jungle of Japan’s cities.vii Unlike policies taken by the authorities over the past decade, none of these p ...