proposes
... same period for which the Republic compensated in its 2010 restructuring). Finally, plaintiffs would receive GDP Units in an amount equivalent to the notional amount of their Eligible Claim. The GDP Units will provide additional annual payments to plaintiffs going forward (until either 2035 or a spe ...
... same period for which the Republic compensated in its 2010 restructuring). Finally, plaintiffs would receive GDP Units in an amount equivalent to the notional amount of their Eligible Claim. The GDP Units will provide additional annual payments to plaintiffs going forward (until either 2035 or a spe ...
What Is Monetary Policy?
... For most of the 1950s and 1960s, the inflation rate in the United States was 4 percent or less. During the 1970s, the inflation rate increased, peaking during 1979–1981, when it averaged more than 10 percent. After 1992 the inflation rate was usually less than 4 percent, until increases in oil price ...
... For most of the 1950s and 1960s, the inflation rate in the United States was 4 percent or less. During the 1970s, the inflation rate increased, peaking during 1979–1981, when it averaged more than 10 percent. After 1992 the inflation rate was usually less than 4 percent, until increases in oil price ...
Does consumer credit support domestic growth or imports?
... On the other hand, the chart shows a possible cointegrating relationship between some series. Indeed, the curves illustrate a similar average growth and a relatively constant gap. This is particularly true for imports and exports, which are very often cointegrated variables. Finally, we can notice t ...
... On the other hand, the chart shows a possible cointegrating relationship between some series. Indeed, the curves illustrate a similar average growth and a relatively constant gap. This is particularly true for imports and exports, which are very often cointegrated variables. Finally, we can notice t ...
NBER WORKING PAPER SERIES A MODEL OF SECULAR STAGNATION Gauti B. Eggertsson
... reduction in the real interest rate as debtors pay down their debt and savers need to compensate for the drop in overall spending by increasing their spending. Once the deleveraging process is completed (debt is back to a new debt limit), the economy returns to its steady state with a positive inter ...
... reduction in the real interest rate as debtors pay down their debt and savers need to compensate for the drop in overall spending by increasing their spending. Once the deleveraging process is completed (debt is back to a new debt limit), the economy returns to its steady state with a positive inter ...
Macro Risks and the Term Structure
... rates, which is at variance with standard data. Instead, we introduce a tractable framework in which the macro shocks follow gamma distributions with time-varying shape parameters. We use the model to develop bond pricing equations that are affine in the state variables, thus preserving the tractabi ...
... rates, which is at variance with standard data. Instead, we introduce a tractable framework in which the macro shocks follow gamma distributions with time-varying shape parameters. We use the model to develop bond pricing equations that are affine in the state variables, thus preserving the tractabi ...
Government Spending Multipliers in Good Times and in Bad
... changes in government spending (and how they are financed) across countries and then using simple statistical techniques to estimate the effects. Obviously, such an experiment is impossible. Thus, macroeconomists must resort to estimating multipliers by exploiting "natural experiments" or other ident ...
... changes in government spending (and how they are financed) across countries and then using simple statistical techniques to estimate the effects. Obviously, such an experiment is impossible. Thus, macroeconomists must resort to estimating multipliers by exploiting "natural experiments" or other ident ...
The Journal of Economic Education Consensus Among Economists
... economists who belong to the AEA. Of that number sent, 2,854 surveys were actually received, and 568 surveys were returned between November 2011 and February 2012. The response rate is 20 percent. Among respondents, 64 percent report employment in academia, 15 percent in government, and 20 percent i ...
... economists who belong to the AEA. Of that number sent, 2,854 surveys were actually received, and 568 surveys were returned between November 2011 and February 2012. The response rate is 20 percent. Among respondents, 64 percent report employment in academia, 15 percent in government, and 20 percent i ...
A Arthur Burns and Inflation Robert L. Hetzel
... two worlds in economics: an earlier American institutionalism and the nowdominant neoclassical school. Burns was the protégé of the American institutionalist and founder of the NBER, Wesley Clair Mitchell. While working on his Ph.D. at Columbia in 1930, he attracted Mitchell’s attention. Burns bec ...
... two worlds in economics: an earlier American institutionalism and the nowdominant neoclassical school. Burns was the protégé of the American institutionalist and founder of the NBER, Wesley Clair Mitchell. While working on his Ph.D. at Columbia in 1930, he attracted Mitchell’s attention. Burns bec ...
222 Fiscal Policy: the purposeful movements in government
... as you advance in the tax brackets, because when you make more money you pay a higher percentage of that income in taxes. If you happened to have been a welfare recipient and you have found a job, the effect is even greater. Not only is the government now not providing you with money, it is withhol ...
... as you advance in the tax brackets, because when you make more money you pay a higher percentage of that income in taxes. If you happened to have been a welfare recipient and you have found a job, the effect is even greater. Not only is the government now not providing you with money, it is withhol ...
A Working Solution to the Question of Nominal GDP
... M1 and MZM are drawn from the Federal Reserve Bank of St. Louis’ FRED database; Anderson and Jones (2011) describe their construction in detail. With quite similar results, not shown, we also replicated the analysis using Anderson and Jones’ Divisia M2 series, as well as the much broader, Divisia M ...
... M1 and MZM are drawn from the Federal Reserve Bank of St. Louis’ FRED database; Anderson and Jones (2011) describe their construction in detail. With quite similar results, not shown, we also replicated the analysis using Anderson and Jones’ Divisia M2 series, as well as the much broader, Divisia M ...
Presidents and the U.S. Economy: An Econometric Exploration
... None of them, of course, bears any responsibility for the views expressed here. Replication files and the paper's appendices can be downloaded from http://www.princeton.edu/~mwatson. ...
... None of them, of course, bears any responsibility for the views expressed here. Replication files and the paper's appendices can be downloaded from http://www.princeton.edu/~mwatson. ...
Chapter 28 The Aggregate Expenditures Model
... that the economy generally will operate at a position on its production possibilities curve (Chapter 1)? Use production possibilities analysis to demonstrate Keynes’ view on this matter. Answer: Say’s law states “supply creates its own demand.” People work in order to earn income to, and plan to, sp ...
... that the economy generally will operate at a position on its production possibilities curve (Chapter 1)? Use production possibilities analysis to demonstrate Keynes’ view on this matter. Answer: Say’s law states “supply creates its own demand.” People work in order to earn income to, and plan to, sp ...
No Slide Title
... The long-run aggregate supply curve • The long-run aggregate supply curve (LRAS) is a vertical line drawn at the level of GDP that is equal to potential GDP, Y*. • It is vertical because the total amount output that the economy produces when all factors are efficiently used at their normal rate of ...
... The long-run aggregate supply curve • The long-run aggregate supply curve (LRAS) is a vertical line drawn at the level of GDP that is equal to potential GDP, Y*. • It is vertical because the total amount output that the economy produces when all factors are efficiently used at their normal rate of ...
Economics 101 Assignment #3 (20 Points) Name
... money elsewhere. This means that they demanded that the loans they had made in Russia be paid off. When the loans were repaid, the money would be loaned to people in a different country. On the graph on the next page, show the demand for and the supply of Rubles as of 1997. Then, show the results of ...
... money elsewhere. This means that they demanded that the loans they had made in Russia be paid off. When the loans were repaid, the money would be loaned to people in a different country. On the graph on the next page, show the demand for and the supply of Rubles as of 1997. Then, show the results of ...
A Dynamic Model of Aggregate Demand and Aggregate Supply
... Go to the Dismal Scientist Web site and download annual data on the federal funds rate, real GDP, and the GDP price index over the past 30 years. Compute the trend level of real GDP over time by graphing it and choosing as endpoints 1979 and 2006 (cyclical peaks). Now construct a GDP gap series by s ...
... Go to the Dismal Scientist Web site and download annual data on the federal funds rate, real GDP, and the GDP price index over the past 30 years. Compute the trend level of real GDP over time by graphing it and choosing as endpoints 1979 and 2006 (cyclical peaks). Now construct a GDP gap series by s ...
Document
... In the modern U.S. economy, the typical unemployed person stays unemployed for a relatively brief period of time. In April 2007—which was during a period of economic expansion—82 percent of the people who were unemployed had been unemployed for less than six months. In September 2011, after the end ...
... In the modern U.S. economy, the typical unemployed person stays unemployed for a relatively brief period of time. In April 2007—which was during a period of economic expansion—82 percent of the people who were unemployed had been unemployed for less than six months. In September 2011, after the end ...
Porter BJE 1983 A Study of Cartel Stability: The Joint
... • The real wage is constantly fluctuating due to price changes • Evidence that workers care more about nominal wage • Savings = Investment • The problem here is people may stick their money under their mattress • It’s hard to generate “structural” unemployment Longwell ...
... • The real wage is constantly fluctuating due to price changes • Evidence that workers care more about nominal wage • Savings = Investment • The problem here is people may stick their money under their mattress • It’s hard to generate “structural” unemployment Longwell ...
chapter 35: extending the analysis of aggregate supply - jb
... It is essential to remember the importance of low interest rates in fueling long-run economic growth. While some economic stabilization policies will help to promote both short-run and long-run economic growth, others will not. Expansionary monetary policy (reducing the reserve requirement and disco ...
... It is essential to remember the importance of low interest rates in fueling long-run economic growth. While some economic stabilization policies will help to promote both short-run and long-run economic growth, others will not. Expansionary monetary policy (reducing the reserve requirement and disco ...
Public Debt and Post-Crisis Fiscal Policy in South Africa
... severe recession in South Africa’s traditional trading partners served to turn GDP growth negative, cause massive job losses, and put increasing strain on public finances. This story is told in more detail in Section 2. Emerging from a period of prudent fiscal policy management before the crisis, So ...
... severe recession in South Africa’s traditional trading partners served to turn GDP growth negative, cause massive job losses, and put increasing strain on public finances. This story is told in more detail in Section 2. Emerging from a period of prudent fiscal policy management before the crisis, So ...
Fiscal stimulus in times of high debt - ECB
... et al. (2011) among others. Specifically, these authors emphasize that the exclusion of debt as an endogenous variable or neglecting debt dynamics in general can lead to substantial biases in the estimated coefficients because the feedback from government debt to spending remains unaccounted for. If ...
... et al. (2011) among others. Specifically, these authors emphasize that the exclusion of debt as an endogenous variable or neglecting debt dynamics in general can lead to substantial biases in the estimated coefficients because the feedback from government debt to spending remains unaccounted for. If ...
Deflationary Gaps" ppt
... • The Multiplier is used to calculate the effect of changes in C, I, or G on GDP GDP = 2,500; Multiplier = 3; C rises by 10 What is the new level of GDP? GDPNew = GDPInitial + (Change in spending X Multiplier) ...
... • The Multiplier is used to calculate the effect of changes in C, I, or G on GDP GDP = 2,500; Multiplier = 3; C rises by 10 What is the new level of GDP? GDPNew = GDPInitial + (Change in spending X Multiplier) ...
Spring edition
... appetite to lend because of their own problems. As things start to improve, the banks will be more able to deal with some of their non-performing and non-core assets. Over time, this will make them better placed to lend to the sectors where they have confidence. Banks are now thought to be around tw ...
... appetite to lend because of their own problems. As things start to improve, the banks will be more able to deal with some of their non-performing and non-core assets. Over time, this will make them better placed to lend to the sectors where they have confidence. Banks are now thought to be around tw ...
EN EN 1. Introduction Regulation (EU) No 473/2013 of the
... their main components. This information is contained in table 4a of the Annex. Bearing in mind the conditions and criteria to establish the expenditure growth to be assessed in accordance with Article 5(1) of Regulation No 1466/97, which defines an expenditure benchmark, the DBP also presents the p ...
... their main components. This information is contained in table 4a of the Annex. Bearing in mind the conditions and criteria to establish the expenditure growth to be assessed in accordance with Article 5(1) of Regulation No 1466/97, which defines an expenditure benchmark, the DBP also presents the p ...
Gavin Graham - Mining Conference Presentation (2009 02)
... highs in mid 2008 and will likely remain at levels which encourage further development of Canadian resources. ...
... highs in mid 2008 and will likely remain at levels which encourage further development of Canadian resources. ...