Chapter 12: Macroeconomic Performance
... GDP—are excluded. If you buy new replacement tires for your automobile, for example, the tires are counted in GDP because they were intended for final use by the customer and not combined with other parts to make a new product. However, tires on a new car are not counted separately because their val ...
... GDP—are excluded. If you buy new replacement tires for your automobile, for example, the tires are counted in GDP because they were intended for final use by the customer and not combined with other parts to make a new product. However, tires on a new car are not counted separately because their val ...
Gauging the Impact of the Fed on Inequality During the Great
... boosted asset prices across the board. Those concerned with the inequality-generating aspects of LSAPs often highlight the large stock market increases since their implementation. There is some basis for this worry, given the extraordinary concentration of stock ownership: roughly 90 percent of all ...
... boosted asset prices across the board. Those concerned with the inequality-generating aspects of LSAPs often highlight the large stock market increases since their implementation. There is some basis for this worry, given the extraordinary concentration of stock ownership: roughly 90 percent of all ...
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... Assumptions about fiscal policy, including tax policies and government spending, substantially affect expectations for government revenue, national debt, and economic growth. BLS generally assumes no major changes to current tax laws over the projection period. Effective marginal tax rates are also ...
... Assumptions about fiscal policy, including tax policies and government spending, substantially affect expectations for government revenue, national debt, and economic growth. BLS generally assumes no major changes to current tax laws over the projection period. Effective marginal tax rates are also ...
On the Complexities of Complex Economic Dynamics
... modeling efforts of researchers. This short list does not exhaust the diversity of views on this subject.2 However, Day's (1994) broad-tent definition remains attractive, because it is sufficiently broad that it includes not only most of what is now generally labeled complexity, but also its nonline ...
... modeling efforts of researchers. This short list does not exhaust the diversity of views on this subject.2 However, Day's (1994) broad-tent definition remains attractive, because it is sufficiently broad that it includes not only most of what is now generally labeled complexity, but also its nonline ...
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... consistent with independent competition regulation. They need to be prepared to stand up to vested interests even if this may cost short term political capital. In Europe, that means returning to strict policies on state aid before the end of 2010 if possible. In the UK, it will mean a new business ...
... consistent with independent competition regulation. They need to be prepared to stand up to vested interests even if this may cost short term political capital. In Europe, that means returning to strict policies on state aid before the end of 2010 if possible. In the UK, it will mean a new business ...
Executive summary
... in the United States (US) has recovered since the Global Financial Crisis, but not to pre-crisis levels. Europe continues to face structural problems, including high youth unemployment. Asia remains a bright spot, with some economies growing rapidly. Global value chains are also changing. Some count ...
... in the United States (US) has recovered since the Global Financial Crisis, but not to pre-crisis levels. Europe continues to face structural problems, including high youth unemployment. Asia remains a bright spot, with some economies growing rapidly. Global value chains are also changing. Some count ...
committee on the future economy executive summary
... in the United States (US) has recovered since the Global Financial Crisis, but not to pre-crisis levels. Europe continues to face structural problems, including high youth unemployment. Asia remains a bright spot, with some economies growing rapidly. Global value chains are also changing. Some count ...
... in the United States (US) has recovered since the Global Financial Crisis, but not to pre-crisis levels. Europe continues to face structural problems, including high youth unemployment. Asia remains a bright spot, with some economies growing rapidly. Global value chains are also changing. Some count ...
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... macroeconomy works. Clearly, experts disagree on how best to model the economy. In addition, monetary policy affects the economy only after a lag. The policy decision made today has impacts months or even years in the future and therefore presumes, explicitly or implicitly, some forecast of future c ...
... macroeconomy works. Clearly, experts disagree on how best to model the economy. In addition, monetary policy affects the economy only after a lag. The policy decision made today has impacts months or even years in the future and therefore presumes, explicitly or implicitly, some forecast of future c ...
Y i - IES
... nominal wage, equilibrium • Keynes: – Does not dispute classical demand for labor – Refuses the construction of the labor supply • Workers do not adjust to real, but to nominal wage • Nominal wage much less flexible: – general political reasons after WWI (workers not ready to accept wage cuts) – dur ...
... nominal wage, equilibrium • Keynes: – Does not dispute classical demand for labor – Refuses the construction of the labor supply • Workers do not adjust to real, but to nominal wage • Nominal wage much less flexible: – general political reasons after WWI (workers not ready to accept wage cuts) – dur ...
Answers to Homework #4
... b. When the government runs a surplus this means that it can now increase the level of savings at every interest rate. Effectively the supply of loanable funds increases at every interest rate: that is, the supply of loanable funds curve shifts to the right. (We could also model this on the demand f ...
... b. When the government runs a surplus this means that it can now increase the level of savings at every interest rate. Effectively the supply of loanable funds increases at every interest rate: that is, the supply of loanable funds curve shifts to the right. (We could also model this on the demand f ...
sample_paper_3.doc
... interest payment for global bonds effectively closed international capital markets to Ecuador. Considering that President Correa has called Ecuador’s $10 billion in foreign debt “immoral and illegitimate” (Romero, 2008) future interest payments are in doubt, creating difficulty in acquiring foreign ...
... interest payment for global bonds effectively closed international capital markets to Ecuador. Considering that President Correa has called Ecuador’s $10 billion in foreign debt “immoral and illegitimate” (Romero, 2008) future interest payments are in doubt, creating difficulty in acquiring foreign ...
Ending Poverty in America: The First Step
... actions. The two basic approaches to explaining poverty: poverty is the result of structures and poverty is the result of individual actions, both have essential truths to the poverty story. Yet exclusively following one approach, while ignoring the other, leads to poor theory and even worse policy. ...
... actions. The two basic approaches to explaining poverty: poverty is the result of structures and poverty is the result of individual actions, both have essential truths to the poverty story. Yet exclusively following one approach, while ignoring the other, leads to poor theory and even worse policy. ...
EN EN Results of in-depth reviews under Regulation (EU) No 1176
... largely funded by the foreign parents of Croatian banks and by Foreign Direct Investment (FDI) into inward-oriented sectors of the Croatian economy. As the global financial crisis unfolded, capital inflows suddenly stopped in 2009. The impact on Croatia was severe: domestic demand rapidly contracted ...
... largely funded by the foreign parents of Croatian banks and by Foreign Direct Investment (FDI) into inward-oriented sectors of the Croatian economy. As the global financial crisis unfolded, capital inflows suddenly stopped in 2009. The impact on Croatia was severe: domestic demand rapidly contracted ...
X - Sacramento State
... extent to which Rwandan society will be able to weld the socioeconomic and regional cleavages contributing to and the ethnic division resulting from the genocide. The RPF Quest for Competitiveness: Economic Policies in Post Genocide Rwanda To establish normalcy, qualify for official development assi ...
... extent to which Rwandan society will be able to weld the socioeconomic and regional cleavages contributing to and the ethnic division resulting from the genocide. The RPF Quest for Competitiveness: Economic Policies in Post Genocide Rwanda To establish normalcy, qualify for official development assi ...
Department of Economics - Edinburgh Napier University
... A mission statement is sometimes said to represent the major long-term goal that will be difficult, but not impossible to achieve. There are a variety of LEC mission statements, with some being quite nebulous and difficult to measure such as: "to promote and develop a culture which will encourage gr ...
... A mission statement is sometimes said to represent the major long-term goal that will be difficult, but not impossible to achieve. There are a variety of LEC mission statements, with some being quite nebulous and difficult to measure such as: "to promote and develop a culture which will encourage gr ...
Ending Poverty in America: The First Step
... actions. The two basic approaches to explaining poverty: poverty is the result of structures and poverty is the result of individual actions, both have essential truths to the poverty story. Yet exclusively following one approach, while ignoring the other, leads to poor theory and even worse policy. ...
... actions. The two basic approaches to explaining poverty: poverty is the result of structures and poverty is the result of individual actions, both have essential truths to the poverty story. Yet exclusively following one approach, while ignoring the other, leads to poor theory and even worse policy. ...
NBER WORKING PAPER SERIES BUSINESS CYCLE ACCOUNTING V.V. Chari Patrick J. Kehoe
... agents operating in otherwise competitive markets. At face value, these wedges look like time-varying productivity, labor income taxes, investment taxes, and government consumption. We thus label the wedges efficiency wedges, labor wedges, investment wedges, and government consumption wedges. The acco ...
... agents operating in otherwise competitive markets. At face value, these wedges look like time-varying productivity, labor income taxes, investment taxes, and government consumption. We thus label the wedges efficiency wedges, labor wedges, investment wedges, and government consumption wedges. The acco ...
the role of household consumption
... consumption differs from the standard concept in that it includes “social transfers in kind,” which consist of “social benefits in kind” (health insurance and nursing care insurance benefits, which are used to finance the consumption of medical and nursing care services by households) and “transfers ...
... consumption differs from the standard concept in that it includes “social transfers in kind,” which consist of “social benefits in kind” (health insurance and nursing care insurance benefits, which are used to finance the consumption of medical and nursing care services by households) and “transfers ...
State-controlled Banks and the Effectiveness of Monetary Policy
... up a broader range of securities. In either case, buying up debt securities with money increases the money supply and selling debt securities for money deceases the money supply. Buying up debt securities decreases the supply of debt instruments, increasing their prices and driving down their yield ...
... up a broader range of securities. In either case, buying up debt securities with money increases the money supply and selling debt securities for money deceases the money supply. Buying up debt securities decreases the supply of debt instruments, increasing their prices and driving down their yield ...
Assessment of the Fiscal Stance
... years, the principle of counter-cyclicality would have favoured an easing of the fiscal stance to offset weak demand in the absence of other constraints. Unfortunately, the constraints imposed by Ireland’s high debt levels and the need to restore creditworthiness meant that the principle of sustaina ...
... years, the principle of counter-cyclicality would have favoured an easing of the fiscal stance to offset weak demand in the absence of other constraints. Unfortunately, the constraints imposed by Ireland’s high debt levels and the need to restore creditworthiness meant that the principle of sustaina ...