1. Global Depth and the Big Shift
... and finally the two are integrated and public policy and business implications are explored. Chapter 6 ranks the depth of globalization across 139 countries, a set of countries that jointly account for 99% of the world’s GDP and 95% of its population. It reveals that, across the countries covered in ...
... and finally the two are integrated and public policy and business implications are explored. Chapter 6 ranks the depth of globalization across 139 countries, a set of countries that jointly account for 99% of the world’s GDP and 95% of its population. It reveals that, across the countries covered in ...
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... integration and spatial dispersal, this trend is becoming even more pronounced. Today, the service- and knowledge-based economy is a major driver of urban growth. The role of cities is being redefined and reshaped as they become concentrated command points in the organization of the world economy, k ...
... integration and spatial dispersal, this trend is becoming even more pronounced. Today, the service- and knowledge-based economy is a major driver of urban growth. The role of cities is being redefined and reshaped as they become concentrated command points in the organization of the world economy, k ...
Comments on Paul Davidson`s “Full Employment, Open Economy
... complex analysis of two countries in a simple and transparent manner. We ourselves set out this analysis verbally in the later part of our book, and, as Davidson says, in an Appendix to that book. We also deliberately provided an account of the basic ideas in our comments on Davidson’s essay. It is ...
... complex analysis of two countries in a simple and transparent manner. We ourselves set out this analysis verbally in the later part of our book, and, as Davidson says, in an Appendix to that book. We also deliberately provided an account of the basic ideas in our comments on Davidson’s essay. It is ...
Probably Too Little, Certainly Too Late. An Assessment of
... to leverage, or crowd in, private investment. Early work on the correlation between public and private investment can be traced, once more, to Aschauer (1989a) who showed that while public investment crowds out private investment, this effect is counterbalanced by the positive impact of public capit ...
... to leverage, or crowd in, private investment. Early work on the correlation between public and private investment can be traced, once more, to Aschauer (1989a) who showed that while public investment crowds out private investment, this effect is counterbalanced by the positive impact of public capit ...
NBER WORKING PAPER SERIES CAN IT BE JAPAN’S SAVIOR Fumio Hayashi Koji Nomura
... shares for the capital stock and the user-cost shares for capital services. The difference can be substantial when non-IT capital and IT capital are to be aggregated. IT capital’s user cost is much higher than non-IT capital’s because IT capital depreciates fast physically and in value. If the stock ...
... shares for the capital stock and the user-cost shares for capital services. The difference can be substantial when non-IT capital and IT capital are to be aggregated. IT capital’s user cost is much higher than non-IT capital’s because IT capital depreciates fast physically and in value. If the stock ...
keynesian multiplier effects
... billion in the economy to purchase goods and services. Does the Government SAVE any of this money? NO. They spend the whole shebang! What is the immediate effect of this transaction on GDP? It INCREASES by $10 billion. ...
... billion in the economy to purchase goods and services. Does the Government SAVE any of this money? NO. They spend the whole shebang! What is the immediate effect of this transaction on GDP? It INCREASES by $10 billion. ...
Chapter 2: A Tour of the Book
... There are clear exceptions, however. In 1979 and 1980, the increase in the CPI was significantly larger than the increase in the GDP deflator. ...
... There are clear exceptions, however. In 1979 and 1980, the increase in the CPI was significantly larger than the increase in the GDP deflator. ...
THE EFFECTS OF THE CURRENT RECESSION ON THE SPORT
... takes three quarters for an economic change to work its long-term effect on sports participation. Although this relationship works with GDP change, no significant relationship was found between sports participation and unemployment or change in unemployment (using time series data). After a long per ...
... takes three quarters for an economic change to work its long-term effect on sports participation. Although this relationship works with GDP change, no significant relationship was found between sports participation and unemployment or change in unemployment (using time series data). After a long per ...
The Sterling Devaluation of 1967, the International
... (announced in May) to apply for membership of the EEC. There was a general expectation, encouraged by statements on the part of the French government, that devaluation would be a necessary accompaniment to British entry into the EEC; the subject of a change in the exchange rate became discussed in t ...
... (announced in May) to apply for membership of the EEC. There was a general expectation, encouraged by statements on the part of the French government, that devaluation would be a necessary accompaniment to British entry into the EEC; the subject of a change in the exchange rate became discussed in t ...
Mankiw 5e Chapter 2 completed
... The consumer price index (CPI) A. measures the price of a fixed basket of goods and services. B. measures the price of a basket of goods and services that constantly changes as the composition of consumer spending changes. C. measures the amount of money that it takes to produce a fixed level of uti ...
... The consumer price index (CPI) A. measures the price of a fixed basket of goods and services. B. measures the price of a basket of goods and services that constantly changes as the composition of consumer spending changes. C. measures the amount of money that it takes to produce a fixed level of uti ...
Chapter 13
... Equilibrium real GDP decreases below potential GDP and the price level rises. The economy is in a recession because real GDP is below full employment. But there is also inflation. A combination of recession and inflation is called stagflation, and occurred in the U.S. and the global economy in the ...
... Equilibrium real GDP decreases below potential GDP and the price level rises. The economy is in a recession because real GDP is below full employment. But there is also inflation. A combination of recession and inflation is called stagflation, and occurred in the U.S. and the global economy in the ...
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... There are clear exceptions, however. In 1979 and 1980, the increase in the CPI was significantly larger than the increase in the GDP deflator. ...
... There are clear exceptions, however. In 1979 and 1980, the increase in the CPI was significantly larger than the increase in the GDP deflator. ...
How Do Monetary and Fiscal Policy Shocks Explain US
... such studies for the US include Muscatelli et al. (2004), Mountford and Uhlig (2009) and Rossi and Zubairy (2011). Mountford and Uhlig (2009) and Rossi and Zubairy (2011) use VAR models to analyse the impact of …scal policy shocks. In the former, the authors use sign restrictions in a VAR model to a ...
... such studies for the US include Muscatelli et al. (2004), Mountford and Uhlig (2009) and Rossi and Zubairy (2011). Mountford and Uhlig (2009) and Rossi and Zubairy (2011) use VAR models to analyse the impact of …scal policy shocks. In the former, the authors use sign restrictions in a VAR model to a ...
File - GNN Stock Market Game Club
... The trading desk sends an electronic message to its primary dealers through the Trading Room Automated Processing System (TRAPS) . The dealers are given several minutes to respond via TRAPS with their propositions. The desk selects all propositions, beginning with the most attractively priced, up to ...
... The trading desk sends an electronic message to its primary dealers through the Trading Room Automated Processing System (TRAPS) . The dealers are given several minutes to respond via TRAPS with their propositions. The desk selects all propositions, beginning with the most attractively priced, up to ...
explanation of the prize
... whether the long-run Phillips curve is vertical or has some (negative) slope, as does the short-run curve. Sargent demonstrated that the usual econometric tests relied critically on regarding expectations as passive, and that the forward-looking nature of rational expectations implied that expectat ...
... whether the long-run Phillips curve is vertical or has some (negative) slope, as does the short-run curve. Sargent demonstrated that the usual econometric tests relied critically on regarding expectations as passive, and that the forward-looking nature of rational expectations implied that expectat ...
23 MEASURING A NATION`S INCOME
... Other aspects of well-being that are associated with the rise in women's increased laborforce participation include increased self-esteem and prestige for women in the workforce, especially at managerial levels, but decreased quality time spent with children, whose parents have less time to spend wi ...
... Other aspects of well-being that are associated with the rise in women's increased laborforce participation include increased self-esteem and prestige for women in the workforce, especially at managerial levels, but decreased quality time spent with children, whose parents have less time to spend wi ...
Optimal Automatic Stabilizers
... aggregate slack is more responsive to the replacement rate for two reasons. First, there are more unemployed workers with high marginal propensities to consume receiving the transfers. Second, the effect of social insurance on precautionary savings motives is larger when there is a greater risk of u ...
... aggregate slack is more responsive to the replacement rate for two reasons. First, there are more unemployed workers with high marginal propensities to consume receiving the transfers. Second, the effect of social insurance on precautionary savings motives is larger when there is a greater risk of u ...
introduction to macroeconomics e202
... This Course Guide was developed in part because of the high cost of college textbooks, and in part, to help organize students’ studying by providing lecture notes together with the reading assignments. This Guide is provided to the student online at the Department of Economics website. Jayla Heller, ...
... This Course Guide was developed in part because of the high cost of college textbooks, and in part, to help organize students’ studying by providing lecture notes together with the reading assignments. This Guide is provided to the student online at the Department of Economics website. Jayla Heller, ...
10 OCTOBER 2011
... whether the long-run Phillips curve is vertical or has some (negative) slope, as does the short-run curve. Sargent demonstrated that the usual econometric tests relied critically on regarding expectations as passive, and that the forward-looking nature of rational expectations implied that expectat ...
... whether the long-run Phillips curve is vertical or has some (negative) slope, as does the short-run curve. Sargent demonstrated that the usual econometric tests relied critically on regarding expectations as passive, and that the forward-looking nature of rational expectations implied that expectat ...
Optimal Automatic Stabilizers
... aggregate slack is more responsive to the replacement rate for two reasons. First, there are more unemployed workers with high marginal propensities to consume receiving the transfers. Second, the effect of social insurance on precautionary savings motives is larger when there is a greater risk of u ...
... aggregate slack is more responsive to the replacement rate for two reasons. First, there are more unemployed workers with high marginal propensities to consume receiving the transfers. Second, the effect of social insurance on precautionary savings motives is larger when there is a greater risk of u ...
Paper - Department of Economics | Washington University in St. Louis
... One attractive feature of the financial sector model we use is that, if the shock to the collateral constraint that causes the recession is sufficiently large, the equilibrium real interest rate becomes negative for several periods.4 The reason is that savings must be reallocated to lower productivity ...
... One attractive feature of the financial sector model we use is that, if the shock to the collateral constraint that causes the recession is sufficiently large, the equilibrium real interest rate becomes negative for several periods.4 The reason is that savings must be reallocated to lower productivity ...
Lecture 12
... they eventually sell to final users. The way a good is counted depends on its use. Ice cream sold to you is a final good, while ice cream sold to a restaurant is an intermediate good. ...
... they eventually sell to final users. The way a good is counted depends on its use. Ice cream sold to you is a final good, while ice cream sold to a restaurant is an intermediate good. ...
convergence in the age of mass migration - uc
... at the National Bureau of Economic Research. Williamson is Laird Bell Professor of Economics at Harvard University and Research Associate at the National Bureau of Economic Research. This research has been supported in part by the National Science Foundation, grants SES-90-21951 and SBR-92-23002. We ...
... at the National Bureau of Economic Research. Williamson is Laird Bell Professor of Economics at Harvard University and Research Associate at the National Bureau of Economic Research. This research has been supported in part by the National Science Foundation, grants SES-90-21951 and SBR-92-23002. We ...