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 ...
Country Program Evaluation
... execution is reflected in the negative flow of net cash resources from 2002 – 2008. Two of the oldest and largest loans in the portfolio were driven by complex, sector-wide reforms. These programs had broad, competing objectives and generally required significant inter-agency collaboration, institut ...
... execution is reflected in the negative flow of net cash resources from 2002 – 2008. Two of the oldest and largest loans in the portfolio were driven by complex, sector-wide reforms. These programs had broad, competing objectives and generally required significant inter-agency collaboration, institut ...
The Making of Economic Society
... changing, buffetted by other social forces. It is a system contingent on independent ideas, political struggles, and ethical norms. “[T]he engines of history do not draw all their energies from economic drives and institutions. If socialism failed, it was for political, more than economic reasons; a ...
... changing, buffetted by other social forces. It is a system contingent on independent ideas, political struggles, and ethical norms. “[T]he engines of history do not draw all their energies from economic drives and institutions. If socialism failed, it was for political, more than economic reasons; a ...
- TestbankU
... Answer: The relatively high unemployment rate in Spain is partly the result of a relatively large underground economy. The underground economy is that part of the economy not measured in official statistics. After taking into account those individuals who are "employed" in the underground economy, t ...
... Answer: The relatively high unemployment rate in Spain is partly the result of a relatively large underground economy. The underground economy is that part of the economy not measured in official statistics. After taking into account those individuals who are "employed" in the underground economy, t ...
Episodes of War and Peace in an Estimated Open Economy
... Germany, the UK and the U.S. The model has usual features (capital accumulation, sticky prices) but allows for a set of flexibilities that make possible its estimation on historical time series that include war episodes. The question at hand is clearly overwhelming. Events like world war destroy hum ...
... Germany, the UK and the U.S. The model has usual features (capital accumulation, sticky prices) but allows for a set of flexibilities that make possible its estimation on historical time series that include war episodes. The question at hand is clearly overwhelming. Events like world war destroy hum ...
11 - Weber State University
... B) 4.8%, 2.33% C) 1.8%, 1.25% D) 3.7%, 2.39% Answer: A 71) Gordon notes that along with slow labor productivity growth in the period 1973-1995, real wages also grew slowly. What sort of productivity shocks are consistent with this explanation of the link between real wage growth and the growth of la ...
... B) 4.8%, 2.33% C) 1.8%, 1.25% D) 3.7%, 2.39% Answer: A 71) Gordon notes that along with slow labor productivity growth in the period 1973-1995, real wages also grew slowly. What sort of productivity shocks are consistent with this explanation of the link between real wage growth and the growth of la ...
IV. trade policies by sector
... where it appears that productivity is much higher than in other sectors of the economy. By contrast, government involvement in telecommunications, financial services and transport is considerable. However, the Government continues to further liberalize these sectors in order to make them more effici ...
... where it appears that productivity is much higher than in other sectors of the economy. By contrast, government involvement in telecommunications, financial services and transport is considerable. However, the Government continues to further liberalize these sectors in order to make them more effici ...
Development of a Macedonian Logistics Services Firm - E-DNRS
... workers, which can be, guarantee for their influence on business circles and processes. This is the main idea in the effort of developing Macedonian Logistics Service Firm, which could perform many different but compatible tasks as logistics support of the Army, support of business sector, consultan ...
... workers, which can be, guarantee for their influence on business circles and processes. This is the main idea in the effort of developing Macedonian Logistics Service Firm, which could perform many different but compatible tasks as logistics support of the Army, support of business sector, consultan ...
Chapter 4 Specific Factors and Income Distribution
... – Possible to redistribute income so that everyone gains from trade. – Those who gain from trade could compensate those who lose and still be better off themselves. – That everyone could gain from trade does not mean that they actually do – redistribution usually hard to implement. Copyright © 2012 ...
... – Possible to redistribute income so that everyone gains from trade. – Those who gain from trade could compensate those who lose and still be better off themselves. – That everyone could gain from trade does not mean that they actually do – redistribution usually hard to implement. Copyright © 2012 ...
FREE Sample Here
... large underground economy. The underground economy is that part of the economy not measured in official statistics. After taking into account those individuals who are "employed" in the underground economy, the unemployment rate in Spain would have been lower (but still relatively high). 7) What are ...
... large underground economy. The underground economy is that part of the economy not measured in official statistics. After taking into account those individuals who are "employed" in the underground economy, the unemployment rate in Spain would have been lower (but still relatively high). 7) What are ...
Notes on NIPA - San Francisco State University
... capacity of the economy. The U.S. produces a variety of goods and services, and we cannot just add up quantities of apples, cars, haircuts… The solution is to add the monetary value (in dollars) of goods and services. The most important measure of aggregate output is the GDP. Gross Domestic Product ...
... capacity of the economy. The U.S. produces a variety of goods and services, and we cannot just add up quantities of apples, cars, haircuts… The solution is to add the monetary value (in dollars) of goods and services. The most important measure of aggregate output is the GDP. Gross Domestic Product ...
The Economic Impact of Telecommunications in Senegal, Dr. Raul Katz and Dr. Pantelis Koutroumpis
... broadband sectors. In the case of wireless, the model developed for the period 20042011 estimates that mobile telephony contributed an annual 0.55% of GDP, which has grown at an average rate of 4.1%, thus representing 13.6% of all economic growth in Senegal. Furthermore, based on forecasts of subscr ...
... broadband sectors. In the case of wireless, the model developed for the period 20042011 estimates that mobile telephony contributed an annual 0.55% of GDP, which has grown at an average rate of 4.1%, thus representing 13.6% of all economic growth in Senegal. Furthermore, based on forecasts of subscr ...
The new classical/real business cycle revolution: a - FEA
... As will be documented in this paper, there are good reasons for viewing the transition from Keynesian IS-LM macroeconomics to dynamic stochastic macroeconomics as a scientific revolution à la Kuhn. This expression refers to an episode in the history of a given discipline where a period of normal sci ...
... As will be documented in this paper, there are good reasons for viewing the transition from Keynesian IS-LM macroeconomics to dynamic stochastic macroeconomics as a scientific revolution à la Kuhn. This expression refers to an episode in the history of a given discipline where a period of normal sci ...
If, When, How: A Primer on Fiscal Stimulus
... or permanently increase the budget deficit. A purported stimulus package with these characteristics could have small or non-existent short-run benefits and a substantial long-run cost. The paper then analyzes three principles of fiscal stimulus that have been advocated by Summers (2007), Gene Sperli ...
... or permanently increase the budget deficit. A purported stimulus package with these characteristics could have small or non-existent short-run benefits and a substantial long-run cost. The paper then analyzes three principles of fiscal stimulus that have been advocated by Summers (2007), Gene Sperli ...
NBER WORKING PAPER SERIES OPTIMAL MONETARY POLICY WITH COLLATERALIZED
... households display heterogenous patience rates and therefore different marginal utilities of consumption (saving). Second, the more impatient agents face a collateral constraint on nominal borrowing. Both elements constitute a deviation from the standard representative agent model with free borrowing ...
... households display heterogenous patience rates and therefore different marginal utilities of consumption (saving). Second, the more impatient agents face a collateral constraint on nominal borrowing. Both elements constitute a deviation from the standard representative agent model with free borrowing ...
Slide 1
... Watch the resources, or “goods in process,” move through the stages. NOTE: Hayek introduced his triangle in 1931, when Henry Ford was still producing the Model A. If only Hayek had had PowerPoint, he could have shown how the abstract triangle aligns with real world output. ...
... Watch the resources, or “goods in process,” move through the stages. NOTE: Hayek introduced his triangle in 1931, when Henry Ford was still producing the Model A. If only Hayek had had PowerPoint, he could have shown how the abstract triangle aligns with real world output. ...
Institutional Development in Small States
... or English-speaking Caribbean.2 Despite their relatively high per-capita income levels and middle-income ranking, there is no shortage of both anecdotal and empirical evidence to suggest that small developing Caribbean states have weak institutional capacity (see World Bank 2001) and are at a disadv ...
... or English-speaking Caribbean.2 Despite their relatively high per-capita income levels and middle-income ranking, there is no shortage of both anecdotal and empirical evidence to suggest that small developing Caribbean states have weak institutional capacity (see World Bank 2001) and are at a disadv ...
Learning Module Design Tool - WVU College of Business and
... value of the dollar to consumers, and the unemployment rate measures job opportunities and the efficiency with which the economy is using its labor resources. In this module, we explore how those statistics are calculated, what they actually measure, and their strengths and weaknesses as measures of ...
... value of the dollar to consumers, and the unemployment rate measures job opportunities and the efficiency with which the economy is using its labor resources. In this module, we explore how those statistics are calculated, what they actually measure, and their strengths and weaknesses as measures of ...
Transitional Economies of Europe and
... accommodate for the growing need for accurate financial information. Another reason for the quick application of accounting standards is because one of the first steps to transitioning is the creation of banks and financial markets. In order to have these function properly, effective controls must b ...
... accommodate for the growing need for accurate financial information. Another reason for the quick application of accounting standards is because one of the first steps to transitioning is the creation of banks and financial markets. In order to have these function properly, effective controls must b ...
Yellow Pages - Harper College
... (j) The cashing in of a U.S. savings bond (a) Scholarships are not included in GDP. They are viewed as financial transactions and would be either a public or private transfer payment depending on the source of funds. They are awards for past performance and would not be included in current productio ...
... (j) The cashing in of a U.S. savings bond (a) Scholarships are not included in GDP. They are viewed as financial transactions and would be either a public or private transfer payment depending on the source of funds. They are awards for past performance and would not be included in current productio ...
Peacekeeping Economies
... modity price shocks, and oil and mineral discoveries. As a peacekeeping mission—with its thousands of staff members and foreign-funded consumption—increases the demand for non-traded goods, we might expect its short-run effects to be similar to those of foreign aid receipts or other external windfa ...
... modity price shocks, and oil and mineral discoveries. As a peacekeeping mission—with its thousands of staff members and foreign-funded consumption—increases the demand for non-traded goods, we might expect its short-run effects to be similar to those of foreign aid receipts or other external windfa ...
Monetary Targeting and Monetary Policy
... The Effect of Changes in the Discount Rate and in Reserve Requirements Changes in the Discount Rate Since 2003, the Fed has kept the discount rate higher than the target for the federal funds rate. This makes the discount rate a penalty rate, which means that banks pay a penalty by borrowing from t ...
... The Effect of Changes in the Discount Rate and in Reserve Requirements Changes in the Discount Rate Since 2003, the Fed has kept the discount rate higher than the target for the federal funds rate. This makes the discount rate a penalty rate, which means that banks pay a penalty by borrowing from t ...
Monetary Policy in the Midst of Big Shocks
... cited open market operations guided by a rule that policy should provide adequate credit for business purposes and that policy should promote large price stability, as the main principles that should govern monetary policy (see Hetzel (1985)) Such a policy rule is similar in spirit to recent rules ( ...
... cited open market operations guided by a rule that policy should provide adequate credit for business purposes and that policy should promote large price stability, as the main principles that should govern monetary policy (see Hetzel (1985)) Such a policy rule is similar in spirit to recent rules ( ...