This PDF is a selection from an out-of-print volume from the... of Economic Research
... among labor markets, real shocks, monetary policy, and exchange rates. The authors develop a one-good model with an imported intermediate input, to analyze the properties of alternative rules for wage rate indexation under different exchange rate regimes. The issue of wage indexation has become an i ...
... among labor markets, real shocks, monetary policy, and exchange rates. The authors develop a one-good model with an imported intermediate input, to analyze the properties of alternative rules for wage rate indexation under different exchange rate regimes. The issue of wage indexation has become an i ...
1 The Uganda Youth Survey Report12 August 2016 “Tell me what
... and shape the country’s future. With that in mind, the East African Institute of the Aga Khan University commissioned a survey to understand the values, attitudes, concerns and aspirations of this critical segment of the population. We interviewed 1,854 respondents aged 18–35 years from across the c ...
... and shape the country’s future. With that in mind, the East African Institute of the Aga Khan University commissioned a survey to understand the values, attitudes, concerns and aspirations of this critical segment of the population. We interviewed 1,854 respondents aged 18–35 years from across the c ...
M09_Gordon8014701_12_Macro_C09
... – A Supply Shock is caused by a sharp change in the price of an important commodity (e.g. oil) that causes the inflation rate to rise or fall in the absence of demand shocks. Copyright © 2012 Pearson Addison-Wesley. All rights reserved. ...
... – A Supply Shock is caused by a sharp change in the price of an important commodity (e.g. oil) that causes the inflation rate to rise or fall in the absence of demand shocks. Copyright © 2012 Pearson Addison-Wesley. All rights reserved. ...
NATIONAL ACCOUNTS DATA AND MACROECONOMIC ANALYSIS
... to their investment rates, a low investment rate measured by the ratio I/K in a particular country, does not necessarily mean that investment expenditures are low. When a national economy holds a large amount of capital and invests substantially, the investment rate might still be relatively low. On ...
... to their investment rates, a low investment rate measured by the ratio I/K in a particular country, does not necessarily mean that investment expenditures are low. When a national economy holds a large amount of capital and invests substantially, the investment rate might still be relatively low. On ...
Saving-investment Behaviour in Pakistan: An Empirical Investigation
... series studies, which are more relevant to current study. Khan, et al. (1994) examined the determinants of saving rate in Pakistan in terms of a variety of factors. The study found a strong and positive effect of per capita GNP on national saving. The study showed that real interest rate, change in ...
... series studies, which are more relevant to current study. Khan, et al. (1994) examined the determinants of saving rate in Pakistan in terms of a variety of factors. The study found a strong and positive effect of per capita GNP on national saving. The study showed that real interest rate, change in ...
FRBSF L CONOMIC
... households that contributed to a dramatic increase in leverage as measured by the ratio of household debt to personal disposable income. During the boom years of the mid-2000s, the combination of declining saving rates and rapidly rising household debt allowed consumer spending to grow much faster t ...
... households that contributed to a dramatic increase in leverage as measured by the ratio of household debt to personal disposable income. During the boom years of the mid-2000s, the combination of declining saving rates and rapidly rising household debt allowed consumer spending to grow much faster t ...
The Diversity of Debt Crises in Europe Jerome L. Stein
... sector and evaluation of desirable policy. A rise in the ratio of debt/net worth, say by banks, is used to purchase assets, say investments in housing. The increase in debt raises the growth of net worth if the anticipated capital gain on the assets, plus the rate of return on the assets, exceed the ...
... sector and evaluation of desirable policy. A rise in the ratio of debt/net worth, say by banks, is used to purchase assets, say investments in housing. The increase in debt raises the growth of net worth if the anticipated capital gain on the assets, plus the rate of return on the assets, exceed the ...
Document
... the future aggregate demand curve will shift and exceed the current aggregate demand curve by $900 billion at any level of prices. Assuming the marginal propensity to consume is 0.90, this increase in aggregate demand could be prevented by a. increasing government spending by $500 billion. b. increa ...
... the future aggregate demand curve will shift and exceed the current aggregate demand curve by $900 billion at any level of prices. Assuming the marginal propensity to consume is 0.90, this increase in aggregate demand could be prevented by a. increasing government spending by $500 billion. b. increa ...
Présentation PowerPoint - McGraw Hill Higher Education
... the larger the multiplier, and thus the horizontal shift in the IS schedule. Copyright 2005 © McGraw-Hill Ryerson Ltd. ...
... the larger the multiplier, and thus the horizontal shift in the IS schedule. Copyright 2005 © McGraw-Hill Ryerson Ltd. ...
Aggregate Demand I: Building the IS
... – Unemployment fell from its peak of 6.3% in June 2003 to 5.4% in December 2004 ...
... – Unemployment fell from its peak of 6.3% in June 2003 to 5.4% in December 2004 ...
PDF
... Our contribution is twofold. First, conversely to previous works (see Heijdra and Ligthart, 2000, 2006, for references about models with finiteand infinite-lived households), we demonstrate that a decrease in the birth rate may lower the steady-state per capita stock of physical capital even if the ...
... Our contribution is twofold. First, conversely to previous works (see Heijdra and Ligthart, 2000, 2006, for references about models with finiteand infinite-lived households), we demonstrate that a decrease in the birth rate may lower the steady-state per capita stock of physical capital even if the ...
Fiat Value in the Theory of Value
... The size of the stock of money may seem large. The 1.5 times annual GNP stock is much larger than M2, which is about 0.6. As pointed out by Williamson [2012], two types of money are used for transaction purposes. Much of the liquid government debt is held as cash reserves, and in 2015 the nomin ...
... The size of the stock of money may seem large. The 1.5 times annual GNP stock is much larger than M2, which is about 0.6. As pointed out by Williamson [2012], two types of money are used for transaction purposes. Much of the liquid government debt is held as cash reserves, and in 2015 the nomin ...
FRBSF E L CONOMIC ETTER
... and supply are to economic shocks. On the demand side, suppose, for example, that tenants are relatively insensitive to changes in rents. This might occur because location is important for the tenant (law firms need to be close to the courts, high-tech firms tend to cluster in regions with research ...
... and supply are to economic shocks. On the demand side, suppose, for example, that tenants are relatively insensitive to changes in rents. This might occur because location is important for the tenant (law firms need to be close to the courts, high-tech firms tend to cluster in regions with research ...
chap010
... – Attract investment • Cost of corporate financing (capital) is used in analyzing the feasibility of an investment on an ensuing project • The relationship between time value of money, required return, cost of financing, and investment decisions is shown in the following diagram: ...
... – Attract investment • Cost of corporate financing (capital) is used in analyzing the feasibility of an investment on an ensuing project • The relationship between time value of money, required return, cost of financing, and investment decisions is shown in the following diagram: ...
Vanguard`s economic and investment outlook
... Japan; and extremely aggressive monetary policy with exit strategies that have yet to be tested. Inflation. In the near term, reflationary monetary policies will continue to counteract the deflationary bias of a high-debt world still recovering from a deep financial crisis. As was suggested in previ ...
... Japan; and extremely aggressive monetary policy with exit strategies that have yet to be tested. Inflation. In the near term, reflationary monetary policies will continue to counteract the deflationary bias of a high-debt world still recovering from a deep financial crisis. As was suggested in previ ...
Principles of Macroeconomics
... (B) there might not be enough demand by firms and consumers to buy that output (C) workers may not be willing to work the hours necessary to produce the output (D) interest rates might not be high enough to provide the incentive to finance the ...
... (B) there might not be enough demand by firms and consumers to buy that output (C) workers may not be willing to work the hours necessary to produce the output (D) interest rates might not be high enough to provide the incentive to finance the ...
The Case of Turkey
... increased from 66.5% in 2007 to 67.6% in 2012. The projections suggest that there would be further increases and this ratio would be 68.6% in 2023. The dependency ratio, calculated as the young and the elderly population divided by the working-age population, reflects how many people each working-ag ...
... increased from 66.5% in 2007 to 67.6% in 2012. The projections suggest that there would be further increases and this ratio would be 68.6% in 2023. The dependency ratio, calculated as the young and the elderly population divided by the working-age population, reflects how many people each working-ag ...
NBER WORKING PAPER SERIES INCOMPLETE MARKETS
... investment, is sensitive to wealth. We thus find very different long-run effects. First, a permanent increase in government consumption necessarily reduces the risk-free interest rate. And second, unless the elasticity of intertemporal substitution is low enough, it also reduces the capital-labor r ...
... investment, is sensitive to wealth. We thus find very different long-run effects. First, a permanent increase in government consumption necessarily reduces the risk-free interest rate. And second, unless the elasticity of intertemporal substitution is low enough, it also reduces the capital-labor r ...
Problem Session II
... • Any kind of event that decreases aggregate supply may have caused this leftward shift in short run aggregate supply curve. For example, a temporary increase in the price of oil, or an increase in employment bene ts that increase the costs of rms may be two of these reasons. In the short run, rms ...
... • Any kind of event that decreases aggregate supply may have caused this leftward shift in short run aggregate supply curve. For example, a temporary increase in the price of oil, or an increase in employment bene ts that increase the costs of rms may be two of these reasons. In the short run, rms ...
Long roots of the crisis - Michael Roberts Blog
... of austerity measures), deny this. So their solutions to crises do not work. Keynesian state-induced stimulus programmes (redistributive, monetary, and fiscal) cannot overcome the underlying tendency for profitability to fall. The same holds for the policies of ‘austerity’, which are designed to red ...
... of austerity measures), deny this. So their solutions to crises do not work. Keynesian state-induced stimulus programmes (redistributive, monetary, and fiscal) cannot overcome the underlying tendency for profitability to fall. The same holds for the policies of ‘austerity’, which are designed to red ...
Do payroll tax cuts raise youth employment?We wish to thank
... With the purpose of increasing employment, both in general and for specific groups, several labor market reforms were introduced in Sweden during 2007. First, temporary subsidies for firms that hire individuals who have been unemployed or have received sickness or disability benefits, New Start Jobs ...
... With the purpose of increasing employment, both in general and for specific groups, several labor market reforms were introduced in Sweden during 2007. First, temporary subsidies for firms that hire individuals who have been unemployed or have received sickness or disability benefits, New Start Jobs ...
Document
... The natural rate hypothesis argues that the economy self-corrects to the natural rate of unemployment. Over time, changes in the rate of inflation are fully anticipated, and prices and wages rise or fall proportionately. As a result, the long-run Phillips curve is a vertical line at the natural rat ...
... The natural rate hypothesis argues that the economy self-corrects to the natural rate of unemployment. Over time, changes in the rate of inflation are fully anticipated, and prices and wages rise or fall proportionately. As a result, the long-run Phillips curve is a vertical line at the natural rat ...
Deputy Minister of Finance speech
... million, indicates that even though peoples’ incomes may be low, they are still willing to save. Of course, the increase in Mzansi usage also shows that consumer confidence in the banking sector is increasing, especially for those previously unbanked. ...
... million, indicates that even though peoples’ incomes may be low, they are still willing to save. Of course, the increase in Mzansi usage also shows that consumer confidence in the banking sector is increasing, especially for those previously unbanked. ...
Economic Survey Spring 2015
... consumption will rise by 0.5% this year. Consumption growth will be curbed by consumer uncertainty, the weak development of real purchasing power, and the situation in the labour market. On the other hand, interest rates are extremely low and reduced energy prices are bolstering household consumptio ...
... consumption will rise by 0.5% this year. Consumption growth will be curbed by consumer uncertainty, the weak development of real purchasing power, and the situation in the labour market. On the other hand, interest rates are extremely low and reduced energy prices are bolstering household consumptio ...