5.ThieuHutNSNN
... future taxes for lower current taxes, and thus, – budget deficits affect the timing of taxes, but not their magnitude. • New Classical economists argue that when debt is substituted for taxes: – people save the increased income so they will be able to pay the higher future taxes, thus, – the budget ...
... future taxes for lower current taxes, and thus, – budget deficits affect the timing of taxes, but not their magnitude. • New Classical economists argue that when debt is substituted for taxes: – people save the increased income so they will be able to pay the higher future taxes, thus, – the budget ...
Determinants of Non-oil Export and Economic Growth in Nigeria: An
... Ordinary Least Square technique (OLS). The result showed that exchange rate, government capital expenditure and government recurrent expenditure have impacted and contributed greatly to non-oil export. While the agricultural sector, manufacturing sub-sector and interest rate did not greatly impact a ...
... Ordinary Least Square technique (OLS). The result showed that exchange rate, government capital expenditure and government recurrent expenditure have impacted and contributed greatly to non-oil export. While the agricultural sector, manufacturing sub-sector and interest rate did not greatly impact a ...
Financial Crises and Systemic Bank Runs in a
... money can be reinterpreted as an asset that provides liquidity services, whereas the return on capital can be reinterpreted as a spread between liquid and illiquid assets. Banks offer deposits in order to provide money to households on demand. Two elements of banks’ balance sheets are crucial. On th ...
... money can be reinterpreted as an asset that provides liquidity services, whereas the return on capital can be reinterpreted as a spread between liquid and illiquid assets. Banks offer deposits in order to provide money to households on demand. Two elements of banks’ balance sheets are crucial. On th ...
paper
... Whereas monetarist economists are right to point out the disadvantages of hoarding, from the perspective of the household economists saving might have provided at least some households with possibilities of strategic behaviour – such as anticipating future expenses. Our knowledge of preindustrial sa ...
... Whereas monetarist economists are right to point out the disadvantages of hoarding, from the perspective of the household economists saving might have provided at least some households with possibilities of strategic behaviour – such as anticipating future expenses. Our knowledge of preindustrial sa ...
Chapter 10 - Aufinance
... A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to achieve and maintain full employment, active help from fiscal policy and monetary policy is required. The term “Keynesian” derives from the name of one of the twentieth century’s most ...
... A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to achieve and maintain full employment, active help from fiscal policy and monetary policy is required. The term “Keynesian” derives from the name of one of the twentieth century’s most ...
globalisation and convergence
... Moreover, let us try to be a little bit careful and sophisticated in how we define "convergence." When growth macroeconomists use the word "convergence," they tend to think of a reduction in the variance of the distribution of output per worker levels (or total factor productivity levels, or real wa ...
... Moreover, let us try to be a little bit careful and sophisticated in how we define "convergence." When growth macroeconomists use the word "convergence," they tend to think of a reduction in the variance of the distribution of output per worker levels (or total factor productivity levels, or real wa ...
Introduntion - Hakan Berument`sHomepage
... and a lower interest rate. Lowering interest rates encourages investment and consumption due to the lower cost of borrowing. Firms, finding that cost of borrowing has decreased, increase their investment expenditure. Likewise, consumers facing lower borrowing cost, increase their purchases of consu ...
... and a lower interest rate. Lowering interest rates encourages investment and consumption due to the lower cost of borrowing. Firms, finding that cost of borrowing has decreased, increase their investment expenditure. Likewise, consumers facing lower borrowing cost, increase their purchases of consu ...
Trading Population for Productivity: Theory and Evidence
... However, as established in Appendix B, the qualitative analysis would remain intact if the agricultural technology remains ...
... However, as established in Appendix B, the qualitative analysis would remain intact if the agricultural technology remains ...
Wage and Wage Norm
... Well into the second year of economic transformation in Central Eastern Europe the lack of strong recovery tendencies is testing the patience of politicians and the populations alike. Ethnic conflict, parliamentary stalemate, rising nationalism, and the persistent strength of the old nomenclature pr ...
... Well into the second year of economic transformation in Central Eastern Europe the lack of strong recovery tendencies is testing the patience of politicians and the populations alike. Ethnic conflict, parliamentary stalemate, rising nationalism, and the persistent strength of the old nomenclature pr ...
austria
... The tax reform adopted in July 20157 will lower the share of labor tax revenue by around 2 percentage points, taking it closer to the average of comparators, but has no implications for employers’ and employees’ social security contributions (SSC), the sum of which—as a share of GDP—currently outstr ...
... The tax reform adopted in July 20157 will lower the share of labor tax revenue by around 2 percentage points, taking it closer to the average of comparators, but has no implications for employers’ and employees’ social security contributions (SSC), the sum of which—as a share of GDP—currently outstr ...
Teaching note
... In the labor market, some people will be unemployed, but can find new jobs if they are willing to accept lower wages. ...
... In the labor market, some people will be unemployed, but can find new jobs if they are willing to accept lower wages. ...
x. prospects for the medium term 2004-2007
... respectively). There are also three small, private hospitals. At the community level, there are six health centers and 30 medical stations scattered throughout the three islands, easily accessible by the entire population. Free medical and dental treatment is available at Grenada’s public hospitals ...
... respectively). There are also three small, private hospitals. At the community level, there are six health centers and 30 medical stations scattered throughout the three islands, easily accessible by the entire population. Free medical and dental treatment is available at Grenada’s public hospitals ...
Does Remittance in Nepal Cause Gross Domestic Product? An
... not only in providing employment opportunities and in turn in reducing poverty but also in correcting balance of payment. Trends of migration on which the remittance is based is being increased over the years. It in turn increases the volume of remittance. This trend is not limited to a particular c ...
... not only in providing employment opportunities and in turn in reducing poverty but also in correcting balance of payment. Trends of migration on which the remittance is based is being increased over the years. It in turn increases the volume of remittance. This trend is not limited to a particular c ...
Ch26-7e-lecture
... A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to achieve and maintain full employment, active help from fiscal policy and monetary policy is required. The term “Keynesian” derives from the name of one of the twentieth century’s most ...
... A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to achieve and maintain full employment, active help from fiscal policy and monetary policy is required. The term “Keynesian” derives from the name of one of the twentieth century’s most ...
Principles of Macroeconomics
... Economic measurements We have seen that exchange and markets tend to provide for the needs and desires of individuals Well working competitive markets provides the highest valued output at the lowest opportunity cost Thus we can measure economic activity (and its contribution to wellbeing) by s ...
... Economic measurements We have seen that exchange and markets tend to provide for the needs and desires of individuals Well working competitive markets provides the highest valued output at the lowest opportunity cost Thus we can measure economic activity (and its contribution to wellbeing) by s ...
Cingolani Napoli SIE 2015 Hayek and Keynes on Say`s Law
... that of his predecessors6, which he referred to as "classical economists". In fact, for Keynes the "classical economists" were essentially Marshall and Pigou, who would be defined today as "neo-classical" or "marginalist". However, given the continuity between mainstream classical and neo-classical ...
... that of his predecessors6, which he referred to as "classical economists". In fact, for Keynes the "classical economists" were essentially Marshall and Pigou, who would be defined today as "neo-classical" or "marginalist". However, given the continuity between mainstream classical and neo-classical ...
Short-run Aggregate Supply, Long
... The theory of economic fluctuations emphasizes fluctuations in the total demand for goods and services as the reason for the ups and downs in the economy. Because the focus is on the total of the demand for all goods and services in the economy and not just one industry, like when we learned about d ...
... The theory of economic fluctuations emphasizes fluctuations in the total demand for goods and services as the reason for the ups and downs in the economy. Because the focus is on the total of the demand for all goods and services in the economy and not just one industry, like when we learned about d ...
Chapter 25 - Aggregate Demand and Aggregate Supply
... First step in understanding how price level affects economy is an important fact When price level rises, money demand curve shifts rightward (because purchases become more expensive) Shift in money demand, and its impact on the economy, is illustrated in Figure 2 Imagine a rather substantial ...
... First step in understanding how price level affects economy is an important fact When price level rises, money demand curve shifts rightward (because purchases become more expensive) Shift in money demand, and its impact on the economy, is illustrated in Figure 2 Imagine a rather substantial ...
PDF
... between the change in urban population share and the growth in manufacturing value added as well as the growth in services value added. This finding can be expected as both manufacturing and services are considered to be relatively more urban activities. The interrelationship between internal migrat ...
... between the change in urban population share and the growth in manufacturing value added as well as the growth in services value added. This finding can be expected as both manufacturing and services are considered to be relatively more urban activities. The interrelationship between internal migrat ...
6The Short-run Model for the Closed Economy
... (the greater the value of h), the flatter is the aggregate demand curve, and the faster is the convergence of output to its natural rate. The need to keep the monetary policy parameter h positive has been termed the ‘Taylor Principle’ because it was stressed by John Taylor himself. While adherence t ...
... (the greater the value of h), the flatter is the aggregate demand curve, and the faster is the convergence of output to its natural rate. The need to keep the monetary policy parameter h positive has been termed the ‘Taylor Principle’ because it was stressed by John Taylor himself. While adherence t ...
state of the economy 2014
... Global Events and Their Impact on Canada’s Economy The year 2014 saw many global events straining the predictability of the world market. Early in the year, tensions between Russia and Ukraine pushed oil prices up past $110/barrel while the world held its breath. In the second half of 2014, reports ...
... Global Events and Their Impact on Canada’s Economy The year 2014 saw many global events straining the predictability of the world market. Early in the year, tensions between Russia and Ukraine pushed oil prices up past $110/barrel while the world held its breath. In the second half of 2014, reports ...
Reflating Japan: Time to Get Unconventional?
... failing firms (so called "zombie lending") decreased investment and employment; Kwon and others (2015) estimate that zombie lending decreased aggregate productivity growth by distorting resource reallocation of firms. In addition, the exchange rate did not act as a shock absorber for most of the per ...
... failing firms (so called "zombie lending") decreased investment and employment; Kwon and others (2015) estimate that zombie lending decreased aggregate productivity growth by distorting resource reallocation of firms. In addition, the exchange rate did not act as a shock absorber for most of the per ...
Has the U.S. Economy Become Less Interest Rate Sensitive?
... of the 1960s and 1970s (Clarida, Gali, and Gertler). Second, the shift could be due to innovations in financial markets and changes in governmental regulation of the banking industry. Monetary policy works by influencing market interest rates. Studies have suggested that developments in financial ma ...
... of the 1960s and 1970s (Clarida, Gali, and Gertler). Second, the shift could be due to innovations in financial markets and changes in governmental regulation of the banking industry. Monetary policy works by influencing market interest rates. Studies have suggested that developments in financial ma ...
NBER WORKING PAPER SERIES GOLD STERILIZATION AND THE RECESSION OF 1937-38
... crash and further bad economic news, government officials began to realize that they had a major contraction on their hands. Policymakers were slow to respond to the sharp downturn in the economy. In February 1938, well into the recession, the Treasury announced that it would no longer sterilize cha ...
... crash and further bad economic news, government officials began to realize that they had a major contraction on their hands. Policymakers were slow to respond to the sharp downturn in the economy. In February 1938, well into the recession, the Treasury announced that it would no longer sterilize cha ...