NBER WORKING PAPER SERIES IMPLICATIONS FOR FISCAL POLICY AND CROSS-COUNTRY DIFFERENCES
... tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited enforceability result in limited fiscal capacities, as captured by a maximal effective tax rate. We show how persi ...
... tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited enforceability result in limited fiscal capacities, as captured by a maximal effective tax rate. We show how persi ...
solutions mba 607 exam june 2013
... Question 2 – Short answers (32 marks) 1. (3 marks, 1 mark for proper identification of both methods, 2 marks for arguments) The decision of whether to use LIFO or FIFO depends upon management's financial reporting objectives. In a period of rising prices, LIFO will assign more recent (and higher) c ...
... Question 2 – Short answers (32 marks) 1. (3 marks, 1 mark for proper identification of both methods, 2 marks for arguments) The decision of whether to use LIFO or FIFO depends upon management's financial reporting objectives. In a period of rising prices, LIFO will assign more recent (and higher) c ...
Achieving the Investment Plan for Europe`s €315 billion
... all investments. EFSI may wish to consult organisations such as the Green Investment Bank in order to come up with suitable sustainability criteria, considering both the likely environmental (carbon and pollution) impact of an individual project, and its contribution to the cumulative impact of all ...
... all investments. EFSI may wish to consult organisations such as the Green Investment Bank in order to come up with suitable sustainability criteria, considering both the likely environmental (carbon and pollution) impact of an individual project, and its contribution to the cumulative impact of all ...
ex post
... Very similar to the case of an individual who accumulates a bufferstock of savings (1 years income often recommended). ...
... Very similar to the case of an individual who accumulates a bufferstock of savings (1 years income often recommended). ...
natural rate of unemployment
... employment; this is usually the main source of income for families. However, in some countries (such as Spain or Italy), there is a relevant percentage of workers who work by themselves. Does it have sense to speak about wage or employment of any of this workers? ...
... employment; this is usually the main source of income for families. However, in some countries (such as Spain or Italy), there is a relevant percentage of workers who work by themselves. Does it have sense to speak about wage or employment of any of this workers? ...
capital investment
... $6,000 in administrative expenses would be allocated to the project each year; however, only $2,000 of the amount represents an actual increase in expenses not otherwise incurred by the firm (also increasing by 6% per year). The existing floor space of the adjacent room could be leased annually for ...
... $6,000 in administrative expenses would be allocated to the project each year; however, only $2,000 of the amount represents an actual increase in expenses not otherwise incurred by the firm (also increasing by 6% per year). The existing floor space of the adjacent room could be leased annually for ...
Lecture 1: Introduction to Financial Markets
... because the Federal Reserve sets this rate so as to implement monetary policy. So we (financial market participants) get important signals from this rate (and changes in the rate). ...
... because the Federal Reserve sets this rate so as to implement monetary policy. So we (financial market participants) get important signals from this rate (and changes in the rate). ...
here - Indiana University Bloomington
... the global financial crisis 3. Rising inequality and relative poverty 4. High levels of government debt ...
... the global financial crisis 3. Rising inequality and relative poverty 4. High levels of government debt ...
Lecture notes on Harrod - Docenti Università di Siena
... that are in general unknown to capitalists. So, in general, we should not expect that the economy will grow along a warranted growth rate. There are two cases in which, however, we might expect the economy to follow gw. One is if capitalists behave following Say’s Law. As seen in section 1.1, if cap ...
... that are in general unknown to capitalists. So, in general, we should not expect that the economy will grow along a warranted growth rate. There are two cases in which, however, we might expect the economy to follow gw. One is if capitalists behave following Say’s Law. As seen in section 1.1, if cap ...
the canadian unemployment rate — with and without alberta`s boom
... sophisticated general equilibrium models to try to gain at least some rough idea of what would be the impact of an alternative event such as a slowdown of the rate of employment growth in Alberta. All such considerations have been swept under the carpet. But on top of all these considerations, one ...
... sophisticated general equilibrium models to try to gain at least some rough idea of what would be the impact of an alternative event such as a slowdown of the rate of employment growth in Alberta. All such considerations have been swept under the carpet. But on top of all these considerations, one ...
Performance of Equity Managers: Style versus "Neural Network
... • Can Managers add value? – Lakonishok, Shleiffer and Vishny (LSV) argue that the money management industry is a “cottage” industry riddled with agency costs – Coggin, Fabozzi and Rahman (CFR) conclude that money-managers add substantial value over “style” benchmarks – Christopherson, Ferson and Gla ...
... • Can Managers add value? – Lakonishok, Shleiffer and Vishny (LSV) argue that the money management industry is a “cottage” industry riddled with agency costs – Coggin, Fabozzi and Rahman (CFR) conclude that money-managers add substantial value over “style” benchmarks – Christopherson, Ferson and Gla ...
Life-cycle management of PERCO company pension savings
... management and a life-cycle approach, which depends on the employee’s time horizon for retiring. The Pension Reform Act went a stage further by making the life-cycle approach systematic. It brought in rules for protecting savings, meaning that every PERCO now has to allocate savings in such as way a ...
... management and a life-cycle approach, which depends on the employee’s time horizon for retiring. The Pension Reform Act went a stage further by making the life-cycle approach systematic. It brought in rules for protecting savings, meaning that every PERCO now has to allocate savings in such as way a ...
Economics 302
... country boarders is a result of differences in the equilibrium real interest rate and the world real interest rate. In order for the level of investment spending in an open economy to exceed that of a closed economy, the world interest rate must be lower than the equilibrium real interest rate that ...
... country boarders is a result of differences in the equilibrium real interest rate and the world real interest rate. In order for the level of investment spending in an open economy to exceed that of a closed economy, the world interest rate must be lower than the equilibrium real interest rate that ...
National Planning Government Expenditure
... Typical Planning Processes: multi-year National Plan, Vision, Strategy (can contain Development Goals, situation analysis, medium term strategic policy objectives) Sector Plans (often included in national plan) (Policy objectives and strategies for the various sectors of the economy e.g. agricultur ...
... Typical Planning Processes: multi-year National Plan, Vision, Strategy (can contain Development Goals, situation analysis, medium term strategic policy objectives) Sector Plans (often included in national plan) (Policy objectives and strategies for the various sectors of the economy e.g. agricultur ...
UST Curve: Belly`s too big
... The information herein is published by DBS Bank Ltd (the “Company”). It is based on information obtained from sources believed to be reliable, but the Company does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particu ...
... The information herein is published by DBS Bank Ltd (the “Company”). It is based on information obtained from sources believed to be reliable, but the Company does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particu ...
Insert Title - Nom d'un Dieu
... growth rate of the economy is . • If this structural growth rate of the economy moves down for one reason or another, and if the central bank does not adjust downwards the short rates target, then the economy will move, over time, into a deflation-depression… • The same is true on the other side if ...
... growth rate of the economy is . • If this structural growth rate of the economy moves down for one reason or another, and if the central bank does not adjust downwards the short rates target, then the economy will move, over time, into a deflation-depression… • The same is true on the other side if ...
Insert Title
... growth rate of the economy is . • If this structural growth rate of the economy moves down for one reason or another, and if the central bank does not adjust downwards the short rates target, then the economy will move, over time, into a deflation-depression… • The same is true on the other side if ...
... growth rate of the economy is . • If this structural growth rate of the economy moves down for one reason or another, and if the central bank does not adjust downwards the short rates target, then the economy will move, over time, into a deflation-depression… • The same is true on the other side if ...
Date
... He continues to wait on her as before (but as a husband rather than as a wage earner). She earns $1,000,000 per year both before and after her marriage. The marriage: A) does not change GDP. B) decreases GDP by $60,000. C) increases GDP by $60,000. D) increases GDP by more than $60,000. 29. A woman ...
... He continues to wait on her as before (but as a husband rather than as a wage earner). She earns $1,000,000 per year both before and after her marriage. The marriage: A) does not change GDP. B) decreases GDP by $60,000. C) increases GDP by $60,000. D) increases GDP by more than $60,000. 29. A woman ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... Without legislative action or public debate, effective tax rates on capital income of different types have been raised dramatically in the last decade. This process of raising the effective tax rate on capital income is hard for the public at large or even for most members of Congress to understand. ...
... Without legislative action or public debate, effective tax rates on capital income of different types have been raised dramatically in the last decade. This process of raising the effective tax rate on capital income is hard for the public at large or even for most members of Congress to understand. ...
Fiscal Consolidation Strategy
... share of GDP. Because the U.S. federal budget was close to balance before the crisis, (the federal deficit was only 1.3 percent of gdp in 2007) this strategy would mitigate the size of any tax rate increase. Hence, relative to the current policy baseline, long-run tax rates would be lower under this ...
... share of GDP. Because the U.S. federal budget was close to balance before the crisis, (the federal deficit was only 1.3 percent of gdp in 2007) this strategy would mitigate the size of any tax rate increase. Hence, relative to the current policy baseline, long-run tax rates would be lower under this ...
Vision 2050
... natural resource sectors combined, our mid-point estimate is that their global gross value added (GVA) could almost double from around $8.8 trillion in 2008 to just over $17 trillion in 2050 (at constant 2008 prices). Their share of total world GDP would, however, be projected to decline from 14.6% ...
... natural resource sectors combined, our mid-point estimate is that their global gross value added (GVA) could almost double from around $8.8 trillion in 2008 to just over $17 trillion in 2050 (at constant 2008 prices). Their share of total world GDP would, however, be projected to decline from 14.6% ...
INTRODUCTION
... institutional units that take place by mutual agreement. They are classified as revenue, expense, net acquisitions of nonfinancial assets, net acquisitions of financial assets, or net incurrences of liabilities. The Statement of Other Economic Flows summarizes changes in the value of assets and liab ...
... institutional units that take place by mutual agreement. They are classified as revenue, expense, net acquisitions of nonfinancial assets, net acquisitions of financial assets, or net incurrences of liabilities. The Statement of Other Economic Flows summarizes changes in the value of assets and liab ...
From Stimulus to Consolidation: Revenue and Expenditure
... government debt in advanced countries would rise 36 percentage points of GDP during 2007–14, and that age-related spending (health and pension) would rise rapidly later, further adding to fiscal pressures. Trends are more favorable in emerging economies, but adjustments are needed there too. The con ...
... government debt in advanced countries would rise 36 percentage points of GDP during 2007–14, and that age-related spending (health and pension) would rise rapidly later, further adding to fiscal pressures. Trends are more favorable in emerging economies, but adjustments are needed there too. The con ...