the impact of information and communications technologies
... The results of author's research show that ICT Development Index has statistically significant impact on GDP per capita. As it shows the value of R Square (0,568) selected variable explains 56,8% of the model, which is very good for only one variable. This fact only confirms that the ICT development ...
... The results of author's research show that ICT Development Index has statistically significant impact on GDP per capita. As it shows the value of R Square (0,568) selected variable explains 56,8% of the model, which is very good for only one variable. This fact only confirms that the ICT development ...
Regional recovery on track in Q3-2016
... early parliamentary elections in spring. Meanwhile, the IMF revised GDP growth to 3.3% in 2016, up from 3% seen in midSeptember and only 2.3% in the previous WEO report in spring. In Cyprus, two out of the three rating agencies -S&P and Fitchhave upgraded the sovereign rating by one notch in late Se ...
... early parliamentary elections in spring. Meanwhile, the IMF revised GDP growth to 3.3% in 2016, up from 3% seen in midSeptember and only 2.3% in the previous WEO report in spring. In Cyprus, two out of the three rating agencies -S&P and Fitchhave upgraded the sovereign rating by one notch in late Se ...
Chapter 16 - McGraw Hill Higher Education
... Personal saving = that part of disposable income (DI) that is not consumed Average propensity to consume (APC) = the fraction or percentage of total disposable income that is consumed Average propensity to save (APS) = the fraction or proportion of total DI that is saved ...
... Personal saving = that part of disposable income (DI) that is not consumed Average propensity to consume (APC) = the fraction or percentage of total disposable income that is consumed Average propensity to save (APS) = the fraction or proportion of total DI that is saved ...
McGraw-Hill/Irwin
... Review Question 30-2 What are the six assumptions of the AS/AD model that lead to problems with fiscal policy? 1. Financing the deficit has no effect. (It can cause crowding out). 2. The government knows what the situation is. (The government uses estimates of the mpe and other exogenous variables. ...
... Review Question 30-2 What are the six assumptions of the AS/AD model that lead to problems with fiscal policy? 1. Financing the deficit has no effect. (It can cause crowding out). 2. The government knows what the situation is. (The government uses estimates of the mpe and other exogenous variables. ...
Nominal GDP - McGraw Hill Higher Education
... investment, as defined in this chapter. Rather, they are referred to as financial investments. Financial investments include purchases of stocks, bonds, and other financial assets Purchase generally transfers ownership of a portion of the firm's existing capital stock Does not correspond to any ...
... investment, as defined in this chapter. Rather, they are referred to as financial investments. Financial investments include purchases of stocks, bonds, and other financial assets Purchase generally transfers ownership of a portion of the firm's existing capital stock Does not correspond to any ...
Measuring Broad Economic Goals GDP, Inflation, Unemployment
... • “The total market value of all final goods and services produced within a country in a given year” - OUTPUT “Produced within a country” • The Goods and Services included in the GDP must have been produced within the borders of the United States (or the country you are talking about, for example Ca ...
... • “The total market value of all final goods and services produced within a country in a given year” - OUTPUT “Produced within a country” • The Goods and Services included in the GDP must have been produced within the borders of the United States (or the country you are talking about, for example Ca ...
CHAPTER 23
... 1. State why national income accounting is important. Depression-era economists needed a way to measure the economy so they could determine the effect spending and tax policies would have on it. The set of rules and definitions they developed measures the aggregate economy today. 2. Define GDP and c ...
... 1. State why national income accounting is important. Depression-era economists needed a way to measure the economy so they could determine the effect spending and tax policies would have on it. The set of rules and definitions they developed measures the aggregate economy today. 2. Define GDP and c ...
Executive summary - independent.gov.uk
... borrowing by less than £1 billion in every year. The biggest takeaway is an increase in the bank levy (raising £4.4 billion over five years), with a variety of other measures raising smaller amounts with often significant uncertainty around their costing. These are balanced by three main giveaways – ...
... borrowing by less than £1 billion in every year. The biggest takeaway is an increase in the bank levy (raising £4.4 billion over five years), with a variety of other measures raising smaller amounts with often significant uncertainty around their costing. These are balanced by three main giveaways – ...
Final Lecture: Fiscal Policy
... shown in the slide, at real GDP = $500 billion, below the full employment level, and price level =150 on the CPI. Even though the economy is operating above the horizontal AS Keynesian range, the government can still act to stimulate the economy, trying to push it to full employment, although with h ...
... shown in the slide, at real GDP = $500 billion, below the full employment level, and price level =150 on the CPI. Even though the economy is operating above the horizontal AS Keynesian range, the government can still act to stimulate the economy, trying to push it to full employment, although with h ...
Targeting Constant Money Growth at the Zero
... conversely, when it wished to ease, it lowered its funds rate target. After the target was reduced to a range of 0 to 0.25 percent in December 2008, however, the zero lower bound on the federal funds rate forced the Fed to look for other ways of providing additional monetary stimulus to help output ...
... conversely, when it wished to ease, it lowered its funds rate target. After the target was reduced to a range of 0 to 0.25 percent in December 2008, however, the zero lower bound on the federal funds rate forced the Fed to look for other ways of providing additional monetary stimulus to help output ...
Low Inflation, Deflation, and Policies for Future Price Stability A
... monetary policy—the interest rate—is truncated. Thus combating a slump may be difficult, and economic instability could increase. Also when inflation gets negative a downward spiral can occur which lowers inflation, which raises real interest rates, which lowers inflation even further, and so on. T ...
... monetary policy—the interest rate—is truncated. Thus combating a slump may be difficult, and economic instability could increase. Also when inflation gets negative a downward spiral can occur which lowers inflation, which raises real interest rates, which lowers inflation even further, and so on. T ...
Inflation and Unemployment
... Describe the patterns in output and inflation in the evolving U.S. economy Explain how demand-pull and cost-push forces bring cycles in inflation and output Explain the short-run and long-run tradeoff between inflation and unemployment Explain how the mainstream business cycle theory and real busine ...
... Describe the patterns in output and inflation in the evolving U.S. economy Explain how demand-pull and cost-push forces bring cycles in inflation and output Explain the short-run and long-run tradeoff between inflation and unemployment Explain how the mainstream business cycle theory and real busine ...
The Effects of Fiscal Policy on Consumption and
... Finally, the real 3-month T-bill rate increases on impact and then returns to trend after four quarters. The first pass on the economic effects of fiscal policy is in some sense consistent with a large variety of economic theories, including Keynesian, NeoKeynesian, real business cycle theories or m ...
... Finally, the real 3-month T-bill rate increases on impact and then returns to trend after four quarters. The first pass on the economic effects of fiscal policy is in some sense consistent with a large variety of economic theories, including Keynesian, NeoKeynesian, real business cycle theories or m ...
The problem of a full employment economy
... a bid to protect profits, firms were increasing prices. The report argued for higher priority to be given to price stability which would entail ‘giving a lower priority to something else’, that is, abandoning full employment. For Korpi: This policy statement, published well before the oil crisis, co ...
... a bid to protect profits, firms were increasing prices. The report argued for higher priority to be given to price stability which would entail ‘giving a lower priority to something else’, that is, abandoning full employment. For Korpi: This policy statement, published well before the oil crisis, co ...
Implications of the Financial Crisis for Potential Growth
... reflects the realization that large amounts of capital were invested in assets whose returns were substantially less than anticipated.1 A substantive portion of recent investment was in assets (such as U.S. and Spanish housing, or office space for investment banks) whose productivity has been found ...
... reflects the realization that large amounts of capital were invested in assets whose returns were substantially less than anticipated.1 A substantive portion of recent investment was in assets (such as U.S. and Spanish housing, or office space for investment banks) whose productivity has been found ...
Taylor Economics Chapter 28 Test Bank
... 2. Identify and briefly explain the neoclassical argument and the key building blocks of neoclassical approach. Neoclassical economics argues that over time, the economy adjusts back to its potential GDP level of output. The neoclassical approach is based on two key building blocks. First, over the ...
... 2. Identify and briefly explain the neoclassical argument and the key building blocks of neoclassical approach. Neoclassical economics argues that over time, the economy adjusts back to its potential GDP level of output. The neoclassical approach is based on two key building blocks. First, over the ...
Inflation and Unemployment
... Since inflation is related to the booming of an economy, therefore to reduce inflation, economic growth has to be slowed down. Thus, reduces the aggregate demand and closed-down the inflationary-gap while the real output (Y) falls. Lecturer: Pn. Azizah Isa ...
... Since inflation is related to the booming of an economy, therefore to reduce inflation, economic growth has to be slowed down. Thus, reduces the aggregate demand and closed-down the inflationary-gap while the real output (Y) falls. Lecturer: Pn. Azizah Isa ...
Gambling for Redemption and Self-Fulfilling Debt Crises* Juan Carlos Conesa
... announcements and first implementations of the rescue packages. This indicates more fundamental solvency problems than those present in a standard liquidity crisis of the type studied in Cole and Kehoe, as discussed by Chamley and Pinto (2011) for the Greek case. Our model accommodates this issue. A ...
... announcements and first implementations of the rescue packages. This indicates more fundamental solvency problems than those present in a standard liquidity crisis of the type studied in Cole and Kehoe, as discussed by Chamley and Pinto (2011) for the Greek case. Our model accommodates this issue. A ...
Booms and Banking Crises ∗ Fr´ ed´
... from financial shocks, which are not necessary in the model to generate banking crises. Finally, our model departs from the existing literature in that banking crises are not due to occasionally binding collateral constraints. They are due to occasional financial market runs, which we find to be par ...
... from financial shocks, which are not necessary in the model to generate banking crises. Finally, our model departs from the existing literature in that banking crises are not due to occasionally binding collateral constraints. They are due to occasional financial market runs, which we find to be par ...
Economics 102 Summer 2016 Answers to Homework #5 Due 7/13
... Policy 3) Reaching full employment by using a balanced budget amendment policy: this is a policy that requires that any change in government spending be offset by an equivalent change in taxes. So, for example, if government spending decreases by $5 million, then autonomous taxes would also need to ...
... Policy 3) Reaching full employment by using a balanced budget amendment policy: this is a policy that requires that any change in government spending be offset by an equivalent change in taxes. So, for example, if government spending decreases by $5 million, then autonomous taxes would also need to ...
NBER WORKING PAPER SERIES Christina D. Romer David H. Romer
... the 1950s disliked inflation so. Their model of how the macroeconomy operated contained both a remarkably modern view of the causes of inflation and a firm belief that the output costs of inflation were large and imminent. As a result, they firmly believed that in fighting inflation they were encour ...
... the 1950s disliked inflation so. Their model of how the macroeconomy operated contained both a remarkably modern view of the causes of inflation and a firm belief that the output costs of inflation were large and imminent. As a result, they firmly believed that in fighting inflation they were encour ...
THE SPENDING AND SAVING BEHAVIOUR OF THE FINNISH THE FINNISH ECONOMY
... consumption. The two factors are negatively correlated. For example, in a particular time frame and with a fixed income, if an individual is consuming more, it means that he/she is saving less. Whereas, if an individual is saving more, then it means that he/she is consuming less. This example is a g ...
... consumption. The two factors are negatively correlated. For example, in a particular time frame and with a fixed income, if an individual is consuming more, it means that he/she is saving less. Whereas, if an individual is saving more, then it means that he/she is consuming less. This example is a g ...