Local Risk, Local Factors, and Asset Prices∗
... reasons, each account for one-third of inter-county moves. Chen and Rosenthal (2008) investigate individual migration decisions using IPUMS data. Consistent with the Census statistics, they …nd that among movers, an important reason for moving is the availability of local amenities (e.g., climate, t ...
... reasons, each account for one-third of inter-county moves. Chen and Rosenthal (2008) investigate individual migration decisions using IPUMS data. Consistent with the Census statistics, they …nd that among movers, an important reason for moving is the availability of local amenities (e.g., climate, t ...
mehr...
... 2007; OECD, 2011). For instance, some major initiatives have been launched at the European level to encourage public authorities to focus their procurement spending on innovative products and services (EU, 2010). It is argued that such an increase in the size of innovative procurement markets can ‘f ...
... 2007; OECD, 2011). For instance, some major initiatives have been launched at the European level to encourage public authorities to focus their procurement spending on innovative products and services (EU, 2010). It is argued that such an increase in the size of innovative procurement markets can ‘f ...
EXPLAINING BOTSWANA`S ECONOMIC GROWTH PERFORMANCE
... the country’s exceptional real GDP growth rate, sustained since independence in 1966, has had limited impact on economic diversification and most importantly on alleviating high unemployment/poverty levels which are relatively too high for a country at this level of GDP per capita income. Generally ...
... the country’s exceptional real GDP growth rate, sustained since independence in 1966, has had limited impact on economic diversification and most importantly on alleviating high unemployment/poverty levels which are relatively too high for a country at this level of GDP per capita income. Generally ...
DOC
... threatened healthy economic development, fell in 2007 to 1.0% of GDP. Inasmuch as this result was reached at the peak of the economic cycle, the amount of the deficit is still relatively high. Fiscal discipline, however, has already ceased to have the most critical place in the development of the Cz ...
... threatened healthy economic development, fell in 2007 to 1.0% of GDP. Inasmuch as this result was reached at the peak of the economic cycle, the amount of the deficit is still relatively high. Fiscal discipline, however, has already ceased to have the most critical place in the development of the Cz ...
An Empirical Assessment of Optimal Monetary Policy Delegation in
... which lasted until the …nancial crisis. These subtle policy shifts are not so easily discerned from estimates based on ad hoc simple rules. The estimates also suggest that while good luck is more important than good policy in explaining the Great Moderation in the US, an ability to commit would have ...
... which lasted until the …nancial crisis. These subtle policy shifts are not so easily discerned from estimates based on ad hoc simple rules. The estimates also suggest that while good luck is more important than good policy in explaining the Great Moderation in the US, an ability to commit would have ...
On the Desirability of Nominal GDP Targeting
... extensive research about this topic, it remains an unsettled question. Although nominal output targeting has recently received attention in the popular press and within policy circles, it has not been scrutinized within the context of the quantitative frameworks commonly used by central banks. The o ...
... extensive research about this topic, it remains an unsettled question. Although nominal output targeting has recently received attention in the popular press and within policy circles, it has not been scrutinized within the context of the quantitative frameworks commonly used by central banks. The o ...
Maldives: Overcoming the Challenges of a Small Island State
... that a small island economy faces. In the last 5 years, economic growth has averaged 4.5% per year, mainly on account of tourism, but also supported by transport, communications, and construction. Continued growth, however, needs to be more inclusive and balanced. The Maldives has one of the lowest ...
... that a small island economy faces. In the last 5 years, economic growth has averaged 4.5% per year, mainly on account of tourism, but also supported by transport, communications, and construction. Continued growth, however, needs to be more inclusive and balanced. The Maldives has one of the lowest ...
Full file at http://collegetestbank.eu/Test-Bank-Business-in
... 3) The study of a regional, national or global economy, including such issues as the effects of government policies, competitive behavior among firms, and how that economy allocates its scarce resources is ________. A) macroeconomics B) entrepreneurship C) microeconomics D) socialism E) capitalism A ...
... 3) The study of a regional, national or global economy, including such issues as the effects of government policies, competitive behavior among firms, and how that economy allocates its scarce resources is ________. A) macroeconomics B) entrepreneurship C) microeconomics D) socialism E) capitalism A ...
FREE Sample Here
... 3) The study of a regional, national or global economy, including such issues as the effects of government policies, competitive behavior among firms, and how that economy allocates its scarce resources is ________. A) macroeconomics B) entrepreneurship C) microeconomics D) socialism E) capitalism A ...
... 3) The study of a regional, national or global economy, including such issues as the effects of government policies, competitive behavior among firms, and how that economy allocates its scarce resources is ________. A) macroeconomics B) entrepreneurship C) microeconomics D) socialism E) capitalism A ...
The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy,
... The major part of research in macroeconomics has traditionally emphasized aggregate disturbances as sources of aggregate changes.1 Exceptions to this approach were Long and Plosser (1983), and Horvath (1998, 2000) who posited that because of input-output linkages, productivity disturbances at the le ...
... The major part of research in macroeconomics has traditionally emphasized aggregate disturbances as sources of aggregate changes.1 Exceptions to this approach were Long and Plosser (1983), and Horvath (1998, 2000) who posited that because of input-output linkages, productivity disturbances at the le ...
Working papers - Federal Reserve Bank of Cleveland
... 2001a and 2001b; among others). But this research has been silent on the issue of whether monetary factors alone could have caused the economic stagnation—i.e., the “stag” in stagflation—of the decade as well. This paper examines the connection between monetary policy and stagflation in more detail. ...
... 2001a and 2001b; among others). But this research has been silent on the issue of whether monetary factors alone could have caused the economic stagnation—i.e., the “stag” in stagflation—of the decade as well. This paper examines the connection between monetary policy and stagflation in more detail. ...
How Independent Should a Central Bank Be?
... ongoing effect of a particular monetary policy rule on the sacrifice ratio. In this context, a larger sacrifice ratio means a larger output loss when the inflation target falls, but it also implies a larger output gain when the inflation target rises. A better measure for this type of ongoing concer ...
... ongoing effect of a particular monetary policy rule on the sacrifice ratio. In this context, a larger sacrifice ratio means a larger output loss when the inflation target falls, but it also implies a larger output gain when the inflation target rises. A better measure for this type of ongoing concer ...
This PDF is a selection from a published volume from
... The performance of inflation-targeting regimes around the world has been positive. Average inflation in both emerging markets and developed economies is substantially lower after the adoption of the inflationtargeting regime than immediately before its adoption (Figure I).1 However, emerging market ...
... The performance of inflation-targeting regimes around the world has been positive. Average inflation in both emerging markets and developed economies is substantially lower after the adoption of the inflationtargeting regime than immediately before its adoption (Figure I).1 However, emerging market ...
Preview Sample 1
... ____ 63. Inflation occurs as the average prices of goods and services rise. ____ 64. Less expensive labor pools overseas might create layoffs at a U.S.-based engine plant. This is an example of structural unemployment. ____ 65. To measure productivity, multiply the number of inputs by the cost of e ...
... ____ 63. Inflation occurs as the average prices of goods and services rise. ____ 64. Less expensive labor pools overseas might create layoffs at a U.S.-based engine plant. This is an example of structural unemployment. ____ 65. To measure productivity, multiply the number of inputs by the cost of e ...
FREE Sample Here
... ____ 63. Inflation occurs as the average prices of goods and services rise. ____ 64. Less expensive labor pools overseas might create layoffs at a U.S.-based engine plant. This is an example of structural unemployment. ____ 65. To measure productivity, multiply the number of inputs by the cost of ea ...
... ____ 63. Inflation occurs as the average prices of goods and services rise. ____ 64. Less expensive labor pools overseas might create layoffs at a U.S.-based engine plant. This is an example of structural unemployment. ____ 65. To measure productivity, multiply the number of inputs by the cost of ea ...
Principles of Macroeconomics - Test Item File 1 Ninth Edition by
... B) an increase in the value of an asset over the purchase price initially paid for it. C) the difference between the interest rate a bank pays on deposits and the interest rate it charges for loans. D) the portion of a corporationʹs profits that the firm pays out each period to its shareholders. ...
... B) an increase in the value of an asset over the purchase price initially paid for it. C) the difference between the interest rate a bank pays on deposits and the interest rate it charges for loans. D) the portion of a corporationʹs profits that the firm pays out each period to its shareholders. ...
Wp 55 Storm The New Normal - Institute for New Economic Thinking
... been limiting the ability of firms and markets to restructure and reorganize to benefit from ICT (see Furman 2015; Fernald 2016). However, while there is no agreement on what exactly is causing the secular decline of TFP growth or on how long it might last, most analysts are agreed that waning TFP g ...
... been limiting the ability of firms and markets to restructure and reorganize to benefit from ICT (see Furman 2015; Fernald 2016). However, while there is no agreement on what exactly is causing the secular decline of TFP growth or on how long it might last, most analysts are agreed that waning TFP g ...
analysing uk fiscal policy - UK Government Web Archive
... finances over the medium term, based on strict rules. Where possible it supports monetary policy over the economic cycle. This approach, together with the new monetary policy framework, provides the platform of stability necessary for achieving the Government's central economic goal of high and sust ...
... finances over the medium term, based on strict rules. Where possible it supports monetary policy over the economic cycle. This approach, together with the new monetary policy framework, provides the platform of stability necessary for achieving the Government's central economic goal of high and sust ...
Development Study for Information Technology in Bosnia
... any other economy (developed or developing), ICT will be required to play a vital and central role to the development of the BiH economy and society. However, little attention to date has been focused on this vital industry by either the BiH Government or the various multi-lateral aid and advisory a ...
... any other economy (developed or developing), ICT will be required to play a vital and central role to the development of the BiH economy and society. However, little attention to date has been focused on this vital industry by either the BiH Government or the various multi-lateral aid and advisory a ...
1. Introduction - Aalborg Universitet
... It is no big surprise that Peter A. Hall’s theory of paradigm change in economic policy (Hall, 1989, 1993) has been so influential to ideational analysis and theory. Both because his theory is relatively clear and intuitively understandable, but also because it indeed seems plausible that politician ...
... It is no big surprise that Peter A. Hall’s theory of paradigm change in economic policy (Hall, 1989, 1993) has been so influential to ideational analysis and theory. Both because his theory is relatively clear and intuitively understandable, but also because it indeed seems plausible that politician ...
- Rainer Maurer
... 2. Only one type of goods exists = Y = GDP ■ Y can be used for consumption (C=consumption goods) as well as for investment (I = investment goods = machines; buildings etc.): ...
... 2. Only one type of goods exists = Y = GDP ■ Y can be used for consumption (C=consumption goods) as well as for investment (I = investment goods = machines; buildings etc.): ...
INTRODUCTION
... nor the VAT authority distinguish between those two types of data in practice. Therefore, it is not possible to calculate the gross value added from these figures. ...
... nor the VAT authority distinguish between those two types of data in practice. Therefore, it is not possible to calculate the gross value added from these figures. ...
Download Full Report
... deriving a net balance position may make sense when it comes to licit flows like FDI or recorded capital flight, netting out illicit flows makes little sense. This is because when it comes to illicit capital, flows are illicit in both directions and netting them out would be akin to deriving a posit ...
... deriving a net balance position may make sense when it comes to licit flows like FDI or recorded capital flight, netting out illicit flows makes little sense. This is because when it comes to illicit capital, flows are illicit in both directions and netting them out would be akin to deriving a posit ...