NBER WORKING PAPERS SERIES TRADE REFORMS, CREDIBILITY, AND DEVELOPMENT
... focus on the signaling role of investment, taking the commercial policy invoked by the reformist administration as given. We consider the case where there are several feasible projects, requiring both public and private investment. Projects may differ in terms of their outwardness (as measured by th ...
... focus on the signaling role of investment, taking the commercial policy invoked by the reformist administration as given. We consider the case where there are several feasible projects, requiring both public and private investment. Projects may differ in terms of their outwardness (as measured by th ...
Can the “Asian Tigers” roar back? Demographic insights
... The positive demographic point for the Asian Tigers is that their Old-age dependency ratios are lower than the G6 average which suggests that the ageing-related fiscal pressures are not that critical—they have more time to plan to deal with ageing-related fiscal issues. Policy changes in smaller cou ...
... The positive demographic point for the Asian Tigers is that their Old-age dependency ratios are lower than the G6 average which suggests that the ageing-related fiscal pressures are not that critical—they have more time to plan to deal with ageing-related fiscal issues. Policy changes in smaller cou ...
The Relationship between Savings and Growth in South Africa
... between saving rates and growth. During 1984-94, 31 countries had average annual per capita GDP growth rates of 2.5% or higher. In these successful countries the median saving rate was 24%. By contrast, the median saving rate stood at 16% in the 59 countries in which per capita income grew at less t ...
... between saving rates and growth. During 1984-94, 31 countries had average annual per capita GDP growth rates of 2.5% or higher. In these successful countries the median saving rate was 24%. By contrast, the median saving rate stood at 16% in the 59 countries in which per capita income grew at less t ...
Forecasting fiscal variables
... Mountford and Uhlig (2002) investigate the impacts of fiscal policy shocks in the US, employing a VAR methodology. They observe that government spending shocks crowd out residential and non-residential investment, but not consumption. Deficit spending cuts lead to economic expansion and unexpected t ...
... Mountford and Uhlig (2002) investigate the impacts of fiscal policy shocks in the US, employing a VAR methodology. They observe that government spending shocks crowd out residential and non-residential investment, but not consumption. Deficit spending cuts lead to economic expansion and unexpected t ...
Search Equilibrium with Migration: the Case of Poland
... migration flows on the base of the Population Census 2002 information2 . The major conclusions from the analyzes may be summarized as follows: • Emigration transition probabilities from employment, unemployment and out of the labour market were relatively low compared to other escape probabilities ...
... migration flows on the base of the Population Census 2002 information2 . The major conclusions from the analyzes may be summarized as follows: • Emigration transition probabilities from employment, unemployment and out of the labour market were relatively low compared to other escape probabilities ...
Diskussionspapiere Wirtschafts- und Sozialwissenschaftliches
... A convincing explanation for Germany´s current economic problems thus has to be able to explain the systematic lagging behind of the German growth rate in comparison with the EMU average since the mid 1990s. The development of the unemployment rate and the budget deficit can basically be seen as a ...
... A convincing explanation for Germany´s current economic problems thus has to be able to explain the systematic lagging behind of the German growth rate in comparison with the EMU average since the mid 1990s. The development of the unemployment rate and the budget deficit can basically be seen as a ...
chapter outline
... has left after paying for its spending. National saving is equal to the total income in the economy that remains after paying for consumption and government purchases. Investment is the purchase of new capital, such as equipment or buildings. These terms are related in two ways: (1) National saving ...
... has left after paying for its spending. National saving is equal to the total income in the economy that remains after paying for consumption and government purchases. Investment is the purchase of new capital, such as equipment or buildings. These terms are related in two ways: (1) National saving ...
Optimal Fiscal and Monetary Policy
... peace times. Wars are trade barriers. There is more competition and technological innovation during peace times. ...
... peace times. Wars are trade barriers. There is more competition and technological innovation during peace times. ...
Speech by Martin Weale at the University of Nottingham, Tuesday 8
... Bank of England buys in, say twenty-year debt, that debt is replaced by a short-term liability- a deposit at the Bank of England- and the effective maturity of the consolidated public sector’s liabilities has shortened. Of course, the only institutions allowed to have accounts at the Bank of England ...
... Bank of England buys in, say twenty-year debt, that debt is replaced by a short-term liability- a deposit at the Bank of England- and the effective maturity of the consolidated public sector’s liabilities has shortened. Of course, the only institutions allowed to have accounts at the Bank of England ...
for immediate release
... SAN ANTONIO—January 10, 2008—Ten mutual funds managed by U.S. Global Investors, Inc. (Nasdaq: GROW) are listed among the top-performing mutual funds over various time periods going back 10 years as of the end of 2007. ...
... SAN ANTONIO—January 10, 2008—Ten mutual funds managed by U.S. Global Investors, Inc. (Nasdaq: GROW) are listed among the top-performing mutual funds over various time periods going back 10 years as of the end of 2007. ...
The economic contribution of the private sector
... There is a small overlap where governments own and operate business enterprises (e.g., AustraliaPost and Medibank Private). In such cases, public entities sell goods and services on a market and generate income in the process. In recent years, the trend has been for governments to divest such enterp ...
... There is a small overlap where governments own and operate business enterprises (e.g., AustraliaPost and Medibank Private). In such cases, public entities sell goods and services on a market and generate income in the process. In recent years, the trend has been for governments to divest such enterp ...
Exchange rate volatility effects on export competitiveness
... In the last part of the analysis we tested the relationship between different groups of the exported goods and in the next table we synthetized the obtained results. The coefficient of elasticity is 0.87 and indicates a strong dependence between the two variables. It must be said that the influence ...
... In the last part of the analysis we tested the relationship between different groups of the exported goods and in the next table we synthetized the obtained results. The coefficient of elasticity is 0.87 and indicates a strong dependence between the two variables. It must be said that the influence ...
The High Sensitivity of Economic Activity to Financial Frictions
... Most models developed in response to the crisis of 2008 focus on frictions in the principalagent relationship between intermediaries and suppliers of funds, where the intermediary can abscond with some part of the amount provided by the supplier, at the cost of terminating the relationship. The wedg ...
... Most models developed in response to the crisis of 2008 focus on frictions in the principalagent relationship between intermediaries and suppliers of funds, where the intermediary can abscond with some part of the amount provided by the supplier, at the cost of terminating the relationship. The wedg ...
Document
... reflect the fact that higher interest rates cause more people to invest their funds. B. The investment function is positively sloped to reflect the fact that lower interest rates cause more firms to expand their operations. C. Along a given investment function, higher interest rates result in more i ...
... reflect the fact that higher interest rates cause more people to invest their funds. B. The investment function is positively sloped to reflect the fact that lower interest rates cause more firms to expand their operations. C. Along a given investment function, higher interest rates result in more i ...
MS Word - of Planning Commission
... years in which the country experienced a surplus in the current account. Net foreign assistance inflows continued in this period and even showed normal growth with the result that there was a substantial built up in foreign reserves. Between the end of 1975-1976 and the end of 1977-1978 foreign rese ...
... years in which the country experienced a surplus in the current account. Net foreign assistance inflows continued in this period and even showed normal growth with the result that there was a substantial built up in foreign reserves. Between the end of 1975-1976 and the end of 1977-1978 foreign rese ...
AP Economics Chapters 13, 14, 15 Exam
... A) decrease aggregate demand by increasing the interest rate from 2 to 4 percent. B) decrease aggregate demand by increasing the interest rate from 4 to 6 percent. C) increase aggregate demand by decreasing the interest rate from 4 to 2 percent. D) increase the level of investment spending from $120 ...
... A) decrease aggregate demand by increasing the interest rate from 2 to 4 percent. B) decrease aggregate demand by increasing the interest rate from 4 to 6 percent. C) increase aggregate demand by decreasing the interest rate from 4 to 2 percent. D) increase the level of investment spending from $120 ...
INTERNATIONAL TRADE IN SERVICES Concepts 2
... For cross-border deposits and loans, different currencies may be involved, so separate reference rates should be applied for each currency that is a significant proportion of ...
... For cross-border deposits and loans, different currencies may be involved, so separate reference rates should be applied for each currency that is a significant proportion of ...
Your source for in-depth agricultural news
... large drop in corn and soybean price levels this fall. Where prices may be in 2015 and 2016 is even less clear. Interest rates have important implications for real estate markets. As interest rates decline, the price of real estate tends to increase. There has been a general decline in interest rate ...
... large drop in corn and soybean price levels this fall. Where prices may be in 2015 and 2016 is even less clear. Interest rates have important implications for real estate markets. As interest rates decline, the price of real estate tends to increase. There has been a general decline in interest rate ...
Government Spending for Health Entitlement Programs
... have been contributed in payroll taxes by the couple, 40 percent lower).6 In that same year, 35 percent of seniors lived at or below 200 percent of the federal but expected benefits would double to nearly $360,000 poverty level; this number increases to almost half once because the non-working spous ...
... have been contributed in payroll taxes by the couple, 40 percent lower).6 In that same year, 35 percent of seniors lived at or below 200 percent of the federal but expected benefits would double to nearly $360,000 poverty level; this number increases to almost half once because the non-working spous ...
NBER WORKING PAPER SERIES Takero Doi Takeo Hoshi
... within the general government sector. For those series, data on the central/local governments side are publicly available, so we calculate the quarterly amount for the central/local governments first and then subtract the number from the general government sector number to obtain the amount for the ...
... within the general government sector. For those series, data on the central/local governments side are publicly available, so we calculate the quarterly amount for the central/local governments first and then subtract the number from the general government sector number to obtain the amount for the ...
Public finances in Portugal: a brief long- run view
... This paper provides a succinct overview of long-run developments regarding public finances in Portugal, with a particular emphasis on the expenditure side. As regularly mentioned by international organisations, in the last twenty years or so public spending control has been a problem in Portugal, wi ...
... This paper provides a succinct overview of long-run developments regarding public finances in Portugal, with a particular emphasis on the expenditure side. As regularly mentioned by international organisations, in the last twenty years or so public spending control has been a problem in Portugal, wi ...
Degree of Leverage Ratio Analysis in the Iranian Banking Network
... deemed inappropriate when it does not affect the project mark value (Singhania and Seth, 2010). There are several factors that affect the formation of funding structure within a project. Some are internal based on the use of a combination of funding which includes external debt and common and prefer ...
... deemed inappropriate when it does not affect the project mark value (Singhania and Seth, 2010). There are several factors that affect the formation of funding structure within a project. Some are internal based on the use of a combination of funding which includes external debt and common and prefer ...