Pierre Bourdieu - Olivier Godechot
... they are transposed too mechanically from one frame to another. This is a third kind of criticism, much more centered on the limits of validity of what one could call a “linguistic” economic formalization of social realities. This criticism can not be reduced to one of the previous two. It opens a d ...
... they are transposed too mechanically from one frame to another. This is a third kind of criticism, much more centered on the limits of validity of what one could call a “linguistic” economic formalization of social realities. This criticism can not be reduced to one of the previous two. It opens a d ...
NBER WORKING PAPER SERIES HOUSING MARKET Yongheng Deng
... immediately upon the government's announcement of its stimulus policies, and China's state-owned non-financial enterprises launched vast new investment plans at exactly the same time. We argue that these lending and investment decisions generally do not seek to optimize the firm-level financial inte ...
... immediately upon the government's announcement of its stimulus policies, and China's state-owned non-financial enterprises launched vast new investment plans at exactly the same time. We argue that these lending and investment decisions generally do not seek to optimize the firm-level financial inte ...
Keynesian Economics Bad
... economics is that an expansion of transfers, such as food stamps, decreases employment and, hence, gross domestic product (GDP). In regular economics, the central ideas involve incentives as the drivers of economic activity. Additional transfers to people with earnings below designated levels motiva ...
... economics is that an expansion of transfers, such as food stamps, decreases employment and, hence, gross domestic product (GDP). In regular economics, the central ideas involve incentives as the drivers of economic activity. Additional transfers to people with earnings below designated levels motiva ...
Wage-led versus profit-led demand regimes: The long and the short
... supposedly profit-led demand regime has so far failed to bring about a more adequate long-run economic performance. (Storm and Naastepad 2012, p. 113) There are several possible answers to this question, which are not mutually exclusive. The authors’ preferred answer is that most OECD countries in f ...
... supposedly profit-led demand regime has so far failed to bring about a more adequate long-run economic performance. (Storm and Naastepad 2012, p. 113) There are several possible answers to this question, which are not mutually exclusive. The authors’ preferred answer is that most OECD countries in f ...
A survey of the effects of discretionary fiscal policy*
... Hence, the private consumption response provides a possible test to discriminate between different models on the basis of whether they provide a suitable description of the economic consequences of fiscal policy changes.2 The main obstacle in reconciling theory with the empirical effect of governmen ...
... Hence, the private consumption response provides a possible test to discriminate between different models on the basis of whether they provide a suitable description of the economic consequences of fiscal policy changes.2 The main obstacle in reconciling theory with the empirical effect of governmen ...
A small model of the UK economy - Office for Budget Responsibility
... structural stability of those models in the face of changes to policy regimes. ...
... structural stability of those models in the face of changes to policy regimes. ...
How Does the Economy Shape Policy
... board and cut taxes in the early 1980s, and to invest in the future by funding education and overhauling health care following the 2008 election. Stimson (1991) was the first to conceptualize and measure these broad waves of public preferences, what he called “policy mood.” Policy mood captures more ...
... board and cut taxes in the early 1980s, and to invest in the future by funding education and overhauling health care following the 2008 election. Stimson (1991) was the first to conceptualize and measure these broad waves of public preferences, what he called “policy mood.” Policy mood captures more ...
The St~cture of Financial Markets and the Monetary Mechanism
... represents the effects of a monetary authority which has the power of fixing "exogenously" the nominal money supply through techniques which need not be specified at this point and equation (6) defines equlibrium in the money market. Equations (4)-(6) together define the Hicksian LM schedule, the co ...
... represents the effects of a monetary authority which has the power of fixing "exogenously" the nominal money supply through techniques which need not be specified at this point and equation (6) defines equlibrium in the money market. Equations (4)-(6) together define the Hicksian LM schedule, the co ...
33 Zimbabwe and Development
... depending on your point of view, "explorer" Cecil Rhodes. In 1979, Rhodesia, which borders with South Africa, had a revolution which overthrew Prime Minister Ian Smith (left) and placed Robert Mugabe in power. Colonialism left behind a land tenure structure which left most of the best land in the ha ...
... depending on your point of view, "explorer" Cecil Rhodes. In 1979, Rhodesia, which borders with South Africa, had a revolution which overthrew Prime Minister Ian Smith (left) and placed Robert Mugabe in power. Colonialism left behind a land tenure structure which left most of the best land in the ha ...
PDF
... In this approach the various activities open to households are seen as alternatives. The joint production effects are not emphasized. Thus an approach in terms of productive systems could be useful to characterize the supply side of rural ...
... In this approach the various activities open to households are seen as alternatives. The joint production effects are not emphasized. Thus an approach in terms of productive systems could be useful to characterize the supply side of rural ...
Shared prosperity in emerging economies - Friedrich-Ebert
... gross domestic product (GDP), such as ecological sustainability, household work, leisure, and the quality of labor (decent work). To a large degree, prosperity results from unpaid labor within the family (i.e., cooking, cleaning, and care of children, the disabled, and the elderly, and so on), which ...
... gross domestic product (GDP), such as ecological sustainability, household work, leisure, and the quality of labor (decent work). To a large degree, prosperity results from unpaid labor within the family (i.e., cooking, cleaning, and care of children, the disabled, and the elderly, and so on), which ...
Grad8
... greater than the increase in aggregate demand. Keynes described this situation by saying, “When our income increases our consumption increases also, but not by so much. The key to our practical problem is to be found in this psychological law:” That is, Keynes recognized ' ' Y '[1 C'] as th ...
... greater than the increase in aggregate demand. Keynes described this situation by saying, “When our income increases our consumption increases also, but not by so much. The key to our practical problem is to be found in this psychological law:” That is, Keynes recognized ' ' Y '[1 C'] as th ...
If the total surplus in a market with no government
... Short Title: Opportunity Cost One of the most important concepts in all of economics is Opportunity Cost. Identify the statements that help define this concept. 1. Opportunity cost is the value of the best alternative forgone in making a choice.* 1. Opportunity cost is the price of something. It is ...
... Short Title: Opportunity Cost One of the most important concepts in all of economics is Opportunity Cost. Identify the statements that help define this concept. 1. Opportunity cost is the value of the best alternative forgone in making a choice.* 1. Opportunity cost is the price of something. It is ...
Sample
... 9) In a market economy, which of the following is the focus of production? a. fair and equal distribution Incorrect: In a market economy, production focuses on making a profit in the most efficient manner. Individuals and firms determine how production is made, and look for the best ways to increase ...
... 9) In a market economy, which of the following is the focus of production? a. fair and equal distribution Incorrect: In a market economy, production focuses on making a profit in the most efficient manner. Individuals and firms determine how production is made, and look for the best ways to increase ...
Why Has the Cyclicality of Productivity Changed? What Does It Mean? John G. Fernald and J. Christina Wang
... as a key stylized fact of business cycles. This section draws out a few high‐level strands of thought that will recur later. We draw heavily on Biddle (2014) and Basu and Fernald (2001), who have further discussion. As Biddle points out, conventional wisdom a ...
... as a key stylized fact of business cycles. This section draws out a few high‐level strands of thought that will recur later. We draw heavily on Biddle (2014) and Basu and Fernald (2001), who have further discussion. As Biddle points out, conventional wisdom a ...
a dual mandate for the federal reserve: the pursuit of price stability
... The declines in interest-sensitive sectors reduced economic activity more generally, causing inflation to fall and unemployment to soar. Between 1979 and 1982, trend annual inflation declined 8 percentage points [Ball, 1994]. As Figure 2 shows, between the fall of 1979 and the end of 1982, aggregate ...
... The declines in interest-sensitive sectors reduced economic activity more generally, causing inflation to fall and unemployment to soar. Between 1979 and 1982, trend annual inflation declined 8 percentage points [Ball, 1994]. As Figure 2 shows, between the fall of 1979 and the end of 1982, aggregate ...
34 The Influence of Monetary and Fiscal Policy on Aggregate Demand
... fiscal policies to stabilize aggregate demand and, as a result, output and employment. The Employment Act of 1946 holds the federal government responsible for promoting full employment and production. The act has two implications: (1) The government should not be the cause of fluctuations, so it s ...
... fiscal policies to stabilize aggregate demand and, as a result, output and employment. The Employment Act of 1946 holds the federal government responsible for promoting full employment and production. The act has two implications: (1) The government should not be the cause of fluctuations, so it s ...
Macroeconomics, 7e (Blanchard) Chapter 2: A Tour of the Book 2.1
... 10) Macroeconomists are concerned about changes in the unemployment rate because changes in the unemployment rate provide information about A) the state of the economy. B) the welfare of those who are unemployed. C) none of the above D) both A and B Answer: D Diff: 1 11) Explain the difference betwe ...
... 10) Macroeconomists are concerned about changes in the unemployment rate because changes in the unemployment rate provide information about A) the state of the economy. B) the welfare of those who are unemployed. C) none of the above D) both A and B Answer: D Diff: 1 11) Explain the difference betwe ...
Peter Nedergaard: The Influence of Ordoliberalism in European
... of specific orders and prohibitions” (which might be necessary for the 'cultivation' of the market forces according to ordoliberalism) is ruled out, as a matter of principle, by the liberal concept of market order. In other words, the freedom of contract (which was hailed by Hayek) cannot be accepte ...
... of specific orders and prohibitions” (which might be necessary for the 'cultivation' of the market forces according to ordoliberalism) is ruled out, as a matter of principle, by the liberal concept of market order. In other words, the freedom of contract (which was hailed by Hayek) cannot be accepte ...
Evaluating the Impact of One NorthEast
... earning Number of businesses – greater levels of enterprise and competition leads to higher productivity Skill levels – very strong correlation between higher skills and higher earnings Innovation and investment in the latest technologies – the highest returns flow from competing at the cutting edge ...
... earning Number of businesses – greater levels of enterprise and competition leads to higher productivity Skill levels – very strong correlation between higher skills and higher earnings Innovation and investment in the latest technologies – the highest returns flow from competing at the cutting edge ...
NBER WORKING PAPER SERIES DSGE MODELS FOR MONETARY POLICY ANALYSIS Mathias Trabandt
... models have been shown to fit aggregate data well by conventional econometric measures. For example, they have been shown to do as well or better than simple atheoretical statistical models at forecasting outside the sample of data on which they were estimated. In part because of these successes, a ...
... models have been shown to fit aggregate data well by conventional econometric measures. For example, they have been shown to do as well or better than simple atheoretical statistical models at forecasting outside the sample of data on which they were estimated. In part because of these successes, a ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: Studies in Income and Wealth
... their units operating within the territory were included in the national or colonial economy; their units operating abroad continued to be regarded as foreign. Hence all items of income and expenditure attributable to units operating within the colony, including the value of the service of capital p ...
... their units operating within the territory were included in the national or colonial economy; their units operating abroad continued to be regarded as foreign. Hence all items of income and expenditure attributable to units operating within the colony, including the value of the service of capital p ...
