Comparing Czech Republic and Slovakia during
... impossibility to adjust through ER + too strong parity) • Czech koruna mitigated impact of crisis on Czech economy • Faster recovery of SK was driven by expansionary fiscal policy; decline in FDI flows to SK after 2009 cannot explain recovery • Relevance of koruna vs. euro is small in explaining pat ...
... impossibility to adjust through ER + too strong parity) • Czech koruna mitigated impact of crisis on Czech economy • Faster recovery of SK was driven by expansionary fiscal policy; decline in FDI flows to SK after 2009 cannot explain recovery • Relevance of koruna vs. euro is small in explaining pat ...
The Monetary-Fiscal Policy Mix
... in which monetary and fiscal decisions are made independently: 1. loose fiscal policy / easy monetary policy; 2. loose fiscal policy / tight monetary policy; 3. tight fiscal policy / easy monetary policy; and 4. tight fiscal policy / tight monetary policy. From a purely theoretical perspective, the ...
... in which monetary and fiscal decisions are made independently: 1. loose fiscal policy / easy monetary policy; 2. loose fiscal policy / tight monetary policy; 3. tight fiscal policy / easy monetary policy; and 4. tight fiscal policy / tight monetary policy. From a purely theoretical perspective, the ...
GroupA - UCSB Economics
... Modeling G/GDP with the Unemployment Rate Derivation of the Distributed Lag Model w(t) Using the derived AR(3) and MA(6) error structure from the DLNUNRATE time series, it is possible to transform the original model (see “Proposed Model Form”) so that that the DLNUNRATE term is approximately ortho ...
... Modeling G/GDP with the Unemployment Rate Derivation of the Distributed Lag Model w(t) Using the derived AR(3) and MA(6) error structure from the DLNUNRATE time series, it is possible to transform the original model (see “Proposed Model Form”) so that that the DLNUNRATE term is approximately ortho ...
CHAPTER 2 Measuring the Performance of the Canadian Economy
... GDP can change solely due to inflation. Only if real GDP grows faster than population, will real income per capita increase. But real GDP per capita still does not take into account changes in income distribution, changes in environmental quality, or leisure, all of which influence the economic welf ...
... GDP can change solely due to inflation. Only if real GDP grows faster than population, will real income per capita increase. But real GDP per capita still does not take into account changes in income distribution, changes in environmental quality, or leisure, all of which influence the economic welf ...
Mark scheme - Unit F585 - The global economy
... It is also responsible for developing new specifications to meet national requirements and the needs of students and teachers. OCR is a not-for-profit organisation; any surplus made is invested back into the establishment to help towards the development of qualifications and support, which keep pace ...
... It is also responsible for developing new specifications to meet national requirements and the needs of students and teachers. OCR is a not-for-profit organisation; any surplus made is invested back into the establishment to help towards the development of qualifications and support, which keep pace ...
8 Measuring Economic Aggregate Economic Activity
... • Aggregate income is the total income earned by citizens and businesses in a country in a year. • Aggregate income consists of: ...
... • Aggregate income is the total income earned by citizens and businesses in a country in a year. • Aggregate income consists of: ...
English version -2017_Business_Macro_1
... Macroeconomics (of the undergraduate level): models are constructed based on observed relations among aggregate variables that capture economic activities of a country (macroeconomic variables, e.g. GDP). Although decision-making problems of individual economic agents are behind the models, in many ...
... Macroeconomics (of the undergraduate level): models are constructed based on observed relations among aggregate variables that capture economic activities of a country (macroeconomic variables, e.g. GDP). Although decision-making problems of individual economic agents are behind the models, in many ...
Secular stagnation or financial cycle drag?
... been haunted for a very long time, well before the crisis, by a structural aggregate demand deficiency that is likely to persist well into the future and keep growth sluggish. Many factors are typically mentioned in this context, including ageing populations, growing income and wealth inequality, an ...
... been haunted for a very long time, well before the crisis, by a structural aggregate demand deficiency that is likely to persist well into the future and keep growth sluggish. Many factors are typically mentioned in this context, including ageing populations, growing income and wealth inequality, an ...
Mankiw 5/e Chapter 1: The Science of Macroeconomics
... Should the government try to smooth business cycle fluctuations? Is the government’s debt a problem? ...
... Should the government try to smooth business cycle fluctuations? Is the government’s debt a problem? ...
AP Macro - Sect. 6 PP no bkgd
... Module 32 - Money, Output & Prices in the Long-run Short & Long-run Effects of an Increase in the Money Supply In the short-run: - increase in aggregate demand & increase in price level In long-run: - increase in aggregate price level Monetary Neutrality If money supply is increased by 10% the pric ...
... Module 32 - Money, Output & Prices in the Long-run Short & Long-run Effects of an Increase in the Money Supply In the short-run: - increase in aggregate demand & increase in price level In long-run: - increase in aggregate price level Monetary Neutrality If money supply is increased by 10% the pric ...
Business Cycles, Macro Variables, and Stock Market Returns
... compared to the neural network’s defined phases Linear and nonlinear models differ 37% of the time…indicating that there is some nonlinear dynamic captured by the NN. “There are significant variables and processes in the S&P data stream that are not strictly linear. Linear models can only approx ...
... compared to the neural network’s defined phases Linear and nonlinear models differ 37% of the time…indicating that there is some nonlinear dynamic captured by the NN. “There are significant variables and processes in the S&P data stream that are not strictly linear. Linear models can only approx ...
FRBSF E L
... data, to what extent could it mislead them in making monetary policy decisions? We examine this issue through the lens of simple monetary policy rules, which are often used as benchmarks for setting the fed funds rate—the short-term interest rate relevant for U.S. monetary policy. For example, a sta ...
... data, to what extent could it mislead them in making monetary policy decisions? We examine this issue through the lens of simple monetary policy rules, which are often used as benchmarks for setting the fed funds rate—the short-term interest rate relevant for U.S. monetary policy. For example, a sta ...
unemployed
... They argue that the empirical evidence supporting a vertical long-run Phillips curve has been flimsy at best ...
... They argue that the empirical evidence supporting a vertical long-run Phillips curve has been flimsy at best ...
Keynsian Economics and Fiscal Policy
... Just Suppose … The Japanese decide to by another $5-billion worth of goods from the ...
... Just Suppose … The Japanese decide to by another $5-billion worth of goods from the ...
Real GDP - McGraw Hill Higher Education
... They have value and that value is omitted from GDP ...
... They have value and that value is omitted from GDP ...
Economics 102 Spring 2013 – Elizabeth Kelly Answers to
... 3. CPI. Table 2 lists the average prices faced by consumers (from 1980-2000) across five categories of household expenditure: housing, clothing, fuel, food, and entertainment. Table 2: Average Prices Year ...
... 3. CPI. Table 2 lists the average prices faced by consumers (from 1980-2000) across five categories of household expenditure: housing, clothing, fuel, food, and entertainment. Table 2: Average Prices Year ...
Macroeconomic Policy and the AD/AS Model
... designed to reverse this decline in AD. – This shortens the duration of a recession. ...
... designed to reverse this decline in AD. – This shortens the duration of a recession. ...
1 - Whitman People
... A share of stock is a financial instrument that gives the holder a share in the firm's ownership and therefore the right to share in the firm's profits. If the firm prospers, the stock price may rise and the stockholder will enjoy a capital gain. In addition, the firm may pay dividends directly to s ...
... A share of stock is a financial instrument that gives the holder a share in the firm's ownership and therefore the right to share in the firm's profits. If the firm prospers, the stock price may rise and the stockholder will enjoy a capital gain. In addition, the firm may pay dividends directly to s ...
Ch. 14 Inflation Ppt.
... workers in powerful bargaining positions, and those who borrowed money are the ...
... workers in powerful bargaining positions, and those who borrowed money are the ...
M08_ABEL4987_7E_IM_C08
... 2. Countercyclical: unemployment (timing is unclassified) 3. Acyclical: real interest rates (timing is not designated) 4. Volatility: durable goods production is more volatile than nondurable goods and services; investment spending is more volatile than consumption 5. Application: The Job Finding Ra ...
... 2. Countercyclical: unemployment (timing is unclassified) 3. Acyclical: real interest rates (timing is not designated) 4. Volatility: durable goods production is more volatile than nondurable goods and services; investment spending is more volatile than consumption 5. Application: The Job Finding Ra ...
Economic Fluctuations, Unemployment, and Inflation
... •2. Economists use the term “business cycle” to refer to •a. •b. •c. •d. ...
... •2. Economists use the term “business cycle” to refer to •a. •b. •c. •d. ...
What Ends Recessions? - University of California, Berkeley
... postwar recoveries. While limited fiscal actions have occurred around most troughs, these actions have almost always been too small to contributemuch to economic recovery. In contrast,monetary policy has typically moved toward expansion shortly after the start of most recessions and appears to have ...
... postwar recoveries. While limited fiscal actions have occurred around most troughs, these actions have almost always been too small to contributemuch to economic recovery. In contrast,monetary policy has typically moved toward expansion shortly after the start of most recessions and appears to have ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
... •Clark County extends a runway at McCarran so AA can land larger jets. ...
... •Clark County extends a runway at McCarran so AA can land larger jets. ...