The Strange Case of Domestic Policy Cooperation in the
... The Japanese experience that hitting the zero lower bound creating renewed interest in fiscal stimulus was repeated in other countries after the great recession. With most major advanced economies moving to near-zero policy rates, governments turned to fiscal stimulus in 2009 and 2010 as the G-20 co ...
... The Japanese experience that hitting the zero lower bound creating renewed interest in fiscal stimulus was repeated in other countries after the great recession. With most major advanced economies moving to near-zero policy rates, governments turned to fiscal stimulus in 2009 and 2010 as the G-20 co ...
effectiveness of monetary policy tools in
... rages, the actual value of these deductions are much less than it should actually be (Ludi and Ground, 2006). There are also unfair gains and losses. When inflation hits, some people gain and some lose for example people whose pensions are fixed in shilling terms lose. People see inflation as a brea ...
... rages, the actual value of these deductions are much less than it should actually be (Ludi and Ground, 2006). There are also unfair gains and losses. When inflation hits, some people gain and some lose for example people whose pensions are fixed in shilling terms lose. People see inflation as a brea ...
Unemployment - Economic Literacy in Human Services
... create wage-paying jobs at public or private non-profit agencies. These temporary jobs generally range from 6 to 24 months, with most set at a year or less. They tend to pay around the minimum wage, provide less than full-time work and are designed to motivate participants to move into the regular j ...
... create wage-paying jobs at public or private non-profit agencies. These temporary jobs generally range from 6 to 24 months, with most set at a year or less. They tend to pay around the minimum wage, provide less than full-time work and are designed to motivate participants to move into the regular j ...
Is Deflation a Risk For Greece?
... several causes of deflation can feedback to each other. For example, a fall in demand and an ensuing supply glut can lead to closure of businesses, which see prices not covering their costs and the real value of their debts increasing. Then, any attempt by banks to sell liquidated businesses exacerb ...
... several causes of deflation can feedback to each other. For example, a fall in demand and an ensuing supply glut can lead to closure of businesses, which see prices not covering their costs and the real value of their debts increasing. Then, any attempt by banks to sell liquidated businesses exacerb ...
Gold sterilization and the recession of 1937–1938
... Unfortunately, the quantitative significance of the gold sterilization policy has never been fully assessed. Friedman and Schwartz (, p. ) maintained that ‘The combined impact of the rise in reserve requirements and – no less important – the Treasury gold-sterilization program first sharply r ...
... Unfortunately, the quantitative significance of the gold sterilization policy has never been fully assessed. Friedman and Schwartz (, p. ) maintained that ‘The combined impact of the rise in reserve requirements and – no less important – the Treasury gold-sterilization program first sharply r ...
Slide 1
... …In a low-growth industry, especially one that’s boring and upsets people [such as funeral homes or the oil-drum retrieval business], there’s no problem with competition. You don’t have to protect your flanks from potential rivals . . . and this gives you the leeway to continue to grow.” Peter Lynch ...
... …In a low-growth industry, especially one that’s boring and upsets people [such as funeral homes or the oil-drum retrieval business], there’s no problem with competition. You don’t have to protect your flanks from potential rivals . . . and this gives you the leeway to continue to grow.” Peter Lynch ...
Bartlett , Will Prica , Ivana. 'Interdependence between Core and Peripheries of the European Economy: Secular Stagnation and Growth in the Western Balkans' LEQS Paper No. 104, February 2016
... country’s competitive advantage. This form of export led growth is usually accompanied by central control over wage costs, combined with labour market reforms to reduce wage costs and promote the flexibility of the labour force. Many other measures are available to promote exports. Some countries ar ...
... country’s competitive advantage. This form of export led growth is usually accompanied by central control over wage costs, combined with labour market reforms to reduce wage costs and promote the flexibility of the labour force. Many other measures are available to promote exports. Some countries ar ...
MACRO Consulting Group: Home
... above were mentioned a total of 96 times, or around 12 mentions per Beige Book. In contrast, these words were mentioned 31 times, on average, in each of the 24 Beige Books released over the course of 2011 – 13. However, in some cases, the uncertainty surrounding fiscal issues here and in Europe has ...
... above were mentioned a total of 96 times, or around 12 mentions per Beige Book. In contrast, these words were mentioned 31 times, on average, in each of the 24 Beige Books released over the course of 2011 – 13. However, in some cases, the uncertainty surrounding fiscal issues here and in Europe has ...
Quasi-Commodity Money
... According to the durable goods literature, two common means for avoiding this outcome are (1) resort to a money-back guarantee and (2) public destruction of the engraved plates used to strike the lithographs. In the first option, purchasers are promised the return of their purchase price in the even ...
... According to the durable goods literature, two common means for avoiding this outcome are (1) resort to a money-back guarantee and (2) public destruction of the engraved plates used to strike the lithographs. In the first option, purchasers are promised the return of their purchase price in the even ...
Gross Domestic Product
... services, regardless of changes in the prices of those items. In this example, we learn from calculating real GDP that output did not increase in Year 2. ...
... services, regardless of changes in the prices of those items. In this example, we learn from calculating real GDP that output did not increase in Year 2. ...
NBER WORKING PAPER SERIES INVESTMENT, CAPACITY, AND UNCERTAINTY: A PUTTY-CLAY APPROACH Simon Gilchrist
... productivity of investment projects. In this paper, we investigate the macroeconomic consequences of changes in the variance of productivity of investment projects. In recent papers, Campbell, Lettau, Malkiel and Xu (2001) and Goyal and Santa-Clara (2003) demonstrate that the idiosyncratic component ...
... productivity of investment projects. In this paper, we investigate the macroeconomic consequences of changes in the variance of productivity of investment projects. In recent papers, Campbell, Lettau, Malkiel and Xu (2001) and Goyal and Santa-Clara (2003) demonstrate that the idiosyncratic component ...
9 Revision – Unemployment
... should pass laws to reduce the power of the trade unions (marketbased policy). If the government is preventing the labour market from clearing, then the minimum wage should be reduced or removed (market-based policy). This may also be cured by an expansionary demand-side policy, but this does not re ...
... should pass laws to reduce the power of the trade unions (marketbased policy). If the government is preventing the labour market from clearing, then the minimum wage should be reduced or removed (market-based policy). This may also be cured by an expansionary demand-side policy, but this does not re ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
... A. If total output exceeds current sales, inventories build up. When inventory increases, output produced by the economy will be greater than what purchased. We need to calculate unsold output (inventory accumulation) as part of this year’s GDP (add it). B. If businesses are able to sell more than t ...
... A. If total output exceeds current sales, inventories build up. When inventory increases, output produced by the economy will be greater than what purchased. We need to calculate unsold output (inventory accumulation) as part of this year’s GDP (add it). B. If businesses are able to sell more than t ...
Document
... b. is always a bad thing to do since cash does not earn a return. c. is a form of investment. d. is always a good thing to do since it involves no risk. ANSWER a ...
... b. is always a bad thing to do since cash does not earn a return. c. is a form of investment. d. is always a good thing to do since it involves no risk. ANSWER a ...
Chapter 18
... is only one part of fiscal policy and should be considered in a broader context. © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a pass ...
... is only one part of fiscal policy and should be considered in a broader context. © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a pass ...
Exhibit A.9 Aggregate demand and supply model
... 9. The adjustment of nominal incomes to changes in the price level (CPI) is fixed because of the a. volatility of investment spending. b. existence of long-term contracts. c. complete information possessed by workers. d. All of the above answers are correct. ANS a. Incorrect. This is a meaningless ...
... 9. The adjustment of nominal incomes to changes in the price level (CPI) is fixed because of the a. volatility of investment spending. b. existence of long-term contracts. c. complete information possessed by workers. d. All of the above answers are correct. ANS a. Incorrect. This is a meaningless ...
ESSAYS ON MONETARY AND FISCAL POLICY By Andrea Pescatori
... are highly indebted I show that optimal monetary policy reaction (through interest rate) to inflationary pressure should be ‘milder’ than it is usually prescribed. The second chapter is based on the KM framework. This is a stronger type of credit market imperfection where households are not allowed ...
... are highly indebted I show that optimal monetary policy reaction (through interest rate) to inflationary pressure should be ‘milder’ than it is usually prescribed. The second chapter is based on the KM framework. This is a stronger type of credit market imperfection where households are not allowed ...
Excess Capacity in a Fixed Cost Economy
... The recent work that builds on price and interest rate rigidity has led to useful insights, but it is not clear that these rigidities fully explain the existence of economic slack. Figure 1, based on a measure of idleness developed by the Federal Reserve Board, shows that capacity has been persisten ...
... The recent work that builds on price and interest rate rigidity has led to useful insights, but it is not clear that these rigidities fully explain the existence of economic slack. Figure 1, based on a measure of idleness developed by the Federal Reserve Board, shows that capacity has been persisten ...
The Legacy of Luigi Einaudi and Wilhe lm Roepke William F
... . . . this applies in a special degree t o those engaged in commerce, since it seems difficult in their to determine the place in the social pattern which is allotted to them by virtue of their functions. Viewed from outside, their activity appears to consist Solely in the repeated act of buying and ...
... . . . this applies in a special degree t o those engaged in commerce, since it seems difficult in their to determine the place in the social pattern which is allotted to them by virtue of their functions. Viewed from outside, their activity appears to consist Solely in the repeated act of buying and ...
Estimating Quarterly Indicators of Economic Activity for the States of
... macroeconomic variables is deemed to be more reliable as it captures movements in specific periods more realistically (Abeysinghe and Lee, 1998). The Chow-Lin method (Chow and Lin, 1971) in particular has been widely used for estimating GDP of higher frequency (see Abeysinghe and Lee (1998), Abeysin ...
... macroeconomic variables is deemed to be more reliable as it captures movements in specific periods more realistically (Abeysinghe and Lee, 1998). The Chow-Lin method (Chow and Lin, 1971) in particular has been widely used for estimating GDP of higher frequency (see Abeysinghe and Lee (1998), Abeysin ...
Impact of globalization on small island developing
... As economic globalization opened up economies, insecurity and vulnerability is also changing its landscape. Economic integration and interdependence means vulnerable economies in developing countries have to open up their economies to the outside world. However, the more intense the process is, econ ...
... As economic globalization opened up economies, insecurity and vulnerability is also changing its landscape. Economic integration and interdependence means vulnerable economies in developing countries have to open up their economies to the outside world. However, the more intense the process is, econ ...
CONTENTS- The Norwich Economic Papers
... without health insurance allows for the funds to be available within the budget to compensate for the cost of an ER visit by these patients. Whilst economic theory suggests that the imposition of a tax on those who choose not to purchase health insurance counteracts the higher cost of ER visits and ...
... without health insurance allows for the funds to be available within the budget to compensate for the cost of an ER visit by these patients. Whilst economic theory suggests that the imposition of a tax on those who choose not to purchase health insurance counteracts the higher cost of ER visits and ...