Principles of Macroeconomics
... many students, and indeed people from all walks of life, to tune into economic events as never before to try to understand the economic world around them. So, while we as economists have the public’s attention, we see an opportunity to share economics principles and the economic way of thinking in a ...
... many students, and indeed people from all walks of life, to tune into economic events as never before to try to understand the economic world around them. So, while we as economists have the public’s attention, we see an opportunity to share economics principles and the economic way of thinking in a ...
Entrepreneurship and the business cycle
... entrepreneurship in theoretical frameworks [2]. Economic policies cannot affect the business cycle directly but require intermediary targets, such as taxation and unemployment policies. In a sluggish labor market, regulations provide little leverage to combat unemployment or attract new businesses. ...
... entrepreneurship in theoretical frameworks [2]. Economic policies cannot affect the business cycle directly but require intermediary targets, such as taxation and unemployment policies. In a sluggish labor market, regulations provide little leverage to combat unemployment or attract new businesses. ...
mmi14-Fidrmuc Jan 19104740 en
... the changes in the CAPB supports the existence of non-Keynesian effects. On the other hand, several papers take issue with the results of the aforementioned empirical studies. First, the results can be plagued by selection bias, measurement error, spurious correlations, or simultaneity issues when i ...
... the changes in the CAPB supports the existence of non-Keynesian effects. On the other hand, several papers take issue with the results of the aforementioned empirical studies. First, the results can be plagued by selection bias, measurement error, spurious correlations, or simultaneity issues when i ...
Effects of Fiscal Stimulus in Structural Models
... Authorized for distribution by March 2010 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the institutions with which the authors are affiliated. Wo ...
... Authorized for distribution by March 2010 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the institutions with which the authors are affiliated. Wo ...
Financing the Sustainable Development Goals
... all DAC donors recommitting to reach 0.7% of GNI in ODA, by 2020, which could mobilise an additional US$250 billion a year, bringing ODA to around US$400 billion; South-South cooperation providers accelerating increases in concessional flows. These rose by 300% during 2000-15, and a similar increase ...
... all DAC donors recommitting to reach 0.7% of GNI in ODA, by 2020, which could mobilise an additional US$250 billion a year, bringing ODA to around US$400 billion; South-South cooperation providers accelerating increases in concessional flows. These rose by 300% during 2000-15, and a similar increase ...
Chapter 7--Unemployment and Inflation
... 22. If top government officials claim that "more people are working now than ever before," which of the following must be true? a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever bef ...
... 22. If top government officials claim that "more people are working now than ever before," which of the following must be true? a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever bef ...
Chapter 13: Basic Keynesian Economics
... unemployment would not last very long. Since unemployment rates would fall automatically, there was no need for any government action to lower them. But rates of cyclical unemployment had been very high from 1929 until the beginning of World War II in 1941. In the previous chapter, Keynes’ criticism ...
... unemployment would not last very long. Since unemployment rates would fall automatically, there was no need for any government action to lower them. But rates of cyclical unemployment had been very high from 1929 until the beginning of World War II in 1941. In the previous chapter, Keynes’ criticism ...
Chapter 8—Unemployment and Inflation
... 21. If top government officials claim that "more people are working now than ever before," which of the following must be true? a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever bef ...
... 21. If top government officials claim that "more people are working now than ever before," which of the following must be true? a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever bef ...
146_Macroeconomics_10th_Edition
... The future is always uncertain. But at some times, and now is one such time, the range of possible near-future events is enormous. The major source of this great uncertainty is economic policy. There is uncertainty about the way in which international trade policy will evolve as protectionism is ret ...
... The future is always uncertain. But at some times, and now is one such time, the range of possible near-future events is enormous. The major source of this great uncertainty is economic policy. There is uncertainty about the way in which international trade policy will evolve as protectionism is ret ...
Indicators of Fiscal Impulse for New Zealand
... overall fiscal impact, then it is important to distinguish between a fiscal loosening that arises from cyclical effects versus one that arises from discretionary changes. Overall, the exclusion of cyclical influences means that we draw a distinction between the actual fiscal balance and estimates of ...
... overall fiscal impact, then it is important to distinguish between a fiscal loosening that arises from cyclical effects versus one that arises from discretionary changes. Overall, the exclusion of cyclical influences means that we draw a distinction between the actual fiscal balance and estimates of ...
how do firms form their expectations? new survey evidence
... are more likely to be better informed than firms with fewer competitors or those which do not expect to change their prices in the near future. In the same spirit, firms with steeper average profit functions (for whom information is more valuable) also tend to have better information. These pattern ...
... are more likely to be better informed than firms with fewer competitors or those which do not expect to change their prices in the near future. In the same spirit, firms with steeper average profit functions (for whom information is more valuable) also tend to have better information. These pattern ...
How Do Firms Form Their Expectations?
... are more likely to be better informed than firms with fewer competitors or those which do not expect to change their prices in the near future. In the same spirit, firms with steeper average profit functions (for whom information is more valuable) also tend to have better information. These pattern ...
... are more likely to be better informed than firms with fewer competitors or those which do not expect to change their prices in the near future. In the same spirit, firms with steeper average profit functions (for whom information is more valuable) also tend to have better information. These pattern ...
On the Accuracy and Efficiency of IMF Forecasts: A Survey
... established analytical approaches with up-to-date data on forecasts and outturns and by developing new methodologies to help draw practical lessons for IMF forecasting. We find that the IMF forecasts developed for the World Economic Outlook are not consistently biased in one direction or the other, ...
... established analytical approaches with up-to-date data on forecasts and outturns and by developing new methodologies to help draw practical lessons for IMF forecasting. We find that the IMF forecasts developed for the World Economic Outlook are not consistently biased in one direction or the other, ...
Economic and fiscal outlook March 2015
... 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 – ...
Fiscal consolidation
... cold shower may be more effective (Barrios et al., 2010; European Commission, 2007). A gradual retrenchment, however, is not successful in the case of consolidations following sharp debt increases. Moreover, Barrios et al. (2010) found that monetary and economic conditions may be playing a role in d ...
... cold shower may be more effective (Barrios et al., 2010; European Commission, 2007). A gradual retrenchment, however, is not successful in the case of consolidations following sharp debt increases. Moreover, Barrios et al. (2010) found that monetary and economic conditions may be playing a role in d ...
OECD Economic Outlook
... household deleveraging is far advanced, house prices are rebounding and wealth accumulation is supporting consumption. Employment is growing, adding to confidence. Fiscal policy should reduce the effects of excessive tightening coming from across-the-board sequestration, by refocusing or limiting th ...
... household deleveraging is far advanced, house prices are rebounding and wealth accumulation is supporting consumption. Employment is growing, adding to confidence. Fiscal policy should reduce the effects of excessive tightening coming from across-the-board sequestration, by refocusing or limiting th ...
Cyclical Unemployment - Shivani School of Business Management
... About 25 million people in the world's 30 richest countries will have lost their jobs between the end of 2007 and the end of 2010 as the economic downturn pushes most countries into recession.[21] In April 2010, the U.S. unemployment rate was 9.9%, but the government's broader U-6 unemployment rate ...
... About 25 million people in the world's 30 richest countries will have lost their jobs between the end of 2007 and the end of 2010 as the economic downturn pushes most countries into recession.[21] In April 2010, the U.S. unemployment rate was 9.9%, but the government's broader U-6 unemployment rate ...
Macroeconomics Principles
... 3.0/) license. See the license for more details, but that basically means you can share this book as long as you credit the author (but see below), don't make money from it, and do make it available to everyone else under the same terms. This book was accessible as of December 29, 2012, and it was d ...
... 3.0/) license. See the license for more details, but that basically means you can share this book as long as you credit the author (but see below), don't make money from it, and do make it available to everyone else under the same terms. This book was accessible as of December 29, 2012, and it was d ...
the impact of the fiscal policy transmission mechanism on economic
... activity considering the fiscal stance and the state of the economy. In the first sub-part, the results of the analysis generally confirm that the fiscal policy in most euro-area member states became more expansionary in the period after entering the EMU. Moreover, I might also conclude the average ...
... activity considering the fiscal stance and the state of the economy. In the first sub-part, the results of the analysis generally confirm that the fiscal policy in most euro-area member states became more expansionary in the period after entering the EMU. Moreover, I might also conclude the average ...
The international dimension of confidence shocks - ECB
... consumer sentiment in order to identify the causal effects of confidence shocks on real economic activity in a selection of advanced economies. Starting from a set of closed-economy VAR models, we show that these shocks have a significant and persistent impact on domestic consumption and real GDP. I ...
... consumer sentiment in order to identify the causal effects of confidence shocks on real economic activity in a selection of advanced economies. Starting from a set of closed-economy VAR models, we show that these shocks have a significant and persistent impact on domestic consumption and real GDP. I ...
June 2014 | No. 90 A TAYLOR RULE FOR FISCAL POLICY IN A
... as a condensed measure of the business cycle situation at any given time. Many authors have computed counterfactual Taylor rates and used them as a benchmark against which to compare ...
... as a condensed measure of the business cycle situation at any given time. Many authors have computed counterfactual Taylor rates and used them as a benchmark against which to compare ...
FREE Sample Here
... A) the value of preparing meals at home B) the value of stocks and bonds bought and sold C) the value of used goods when they are sold D) the value of increases in business inventories E) the value of durable consumption goods but not the value of nondurable consumption goods. Answer: D Topic: Inves ...
... A) the value of preparing meals at home B) the value of stocks and bonds bought and sold C) the value of used goods when they are sold D) the value of increases in business inventories E) the value of durable consumption goods but not the value of nondurable consumption goods. Answer: D Topic: Inves ...
Aggregate Supply and Aggregate Demand
... business depends on anticipating the market. You can get rich if you supply products or services that consumers want, when they want them, or if you correctly anticipate where stock prices or real estate values are going. This chapter examines the choices not behind the hockey performance outcomes o ...
... business depends on anticipating the market. You can get rich if you supply products or services that consumers want, when they want them, or if you correctly anticipate where stock prices or real estate values are going. This chapter examines the choices not behind the hockey performance outcomes o ...
- Rainer Maurer
... It is possible to explain, why firms on average do not change their prices more often than one time per year with the standard microeconomic profit-maximization behavior. ...
... It is possible to explain, why firms on average do not change their prices more often than one time per year with the standard microeconomic profit-maximization behavior. ...