- International Growth Centre
... switch from the current discretionary fiscal policy to rules based fiscal policy could have substantial effect on exchange rate and price stability in Ghana. Additionally, whether positive demand shocks such as an increase in deficit spending will depreciate the real exchange rate depend crucially o ...
... switch from the current discretionary fiscal policy to rules based fiscal policy could have substantial effect on exchange rate and price stability in Ghana. Additionally, whether positive demand shocks such as an increase in deficit spending will depreciate the real exchange rate depend crucially o ...
Using Hybrid Macro-Econometric Models to
... Such hybrid models combine both short-run and long-run responses to policy and are therefore responsible for much of the progress made in the design of rules for monetary policy. They have also been used in the debate over the effectiveness of countercyclical fiscal stimulus packages.3 And they con ...
... Such hybrid models combine both short-run and long-run responses to policy and are therefore responsible for much of the progress made in the design of rules for monetary policy. They have also been used in the debate over the effectiveness of countercyclical fiscal stimulus packages.3 And they con ...
France Stability programme 2007-2009
... start stabilising real expenditure (the so-called "zero real spending growth rule”). The objective for social security funds is a 1% increase in real terms, which takes into account the natural dynamics of certain social benefits (such as pensions). Thus the general government net lending should gr ...
... start stabilising real expenditure (the so-called "zero real spending growth rule”). The objective for social security funds is a 1% increase in real terms, which takes into account the natural dynamics of certain social benefits (such as pensions). Thus the general government net lending should gr ...
Ch12
... Inflation is watched very closely by the Fed. Any sign of inflation makes Fed increase interest rates. Higher real interest rates slow down the economy and lower future profits. Higher real interest rates lower the price of bonds and shift the demand away from stocks to bonds, lowering stock prices. ...
... Inflation is watched very closely by the Fed. Any sign of inflation makes Fed increase interest rates. Higher real interest rates slow down the economy and lower future profits. Higher real interest rates lower the price of bonds and shift the demand away from stocks to bonds, lowering stock prices. ...
FiMod – a DSGE model for fiscal policy simulations
... the REMS model, which is used by the Spanish Ministry of Finance; Colciago et al. (2009), who assess the role of automatic stabilizers in a monetary union; Christiano et al. (2009), Cogan et al. (2009) and Hall (2009), all of which analyze fiscal multipliers; and Eggertsson (2009) and Erceg and Lindé ...
... the REMS model, which is used by the Spanish Ministry of Finance; Colciago et al. (2009), who assess the role of automatic stabilizers in a monetary union; Christiano et al. (2009), Cogan et al. (2009) and Hall (2009), all of which analyze fiscal multipliers; and Eggertsson (2009) and Erceg and Lindé ...
The Effects of Macroeconomic Aggregates on Fertility Decisions
... for the U.S., that the dynamics of labor supply, output growth and fertility are consistent with a model that explicitly accounts for the endogeneity of fertility decisions. They also conclude that shocks to employment and preferences are important in explaining movements in the fertility rate. In a ...
... for the U.S., that the dynamics of labor supply, output growth and fertility are consistent with a model that explicitly accounts for the endogeneity of fertility decisions. They also conclude that shocks to employment and preferences are important in explaining movements in the fertility rate. In a ...
IS CHILE A MODEL FOR DEVELOPMENTrev
... labor reforms (that restored several labor rights) and a tax reform (that raised public revenue in order to improve social expenditure). In addition, substantive countercyclical changes in fiscal, monetary, capital markets, exchange rate and regulatory policies were implemented, aiming for a stable ...
... labor reforms (that restored several labor rights) and a tax reform (that raised public revenue in order to improve social expenditure). In addition, substantive countercyclical changes in fiscal, monetary, capital markets, exchange rate and regulatory policies were implemented, aiming for a stable ...
Chapter 19 - The Classical Long Run Model
... Start with part of model, understand it well, and then add in other parts Accordingly, our classical analysis of economy is divided into two separate questions What would be the long-run equilibrium of the economy if there were a constant state of technology ...
... Start with part of model, understand it well, and then add in other parts Accordingly, our classical analysis of economy is divided into two separate questions What would be the long-run equilibrium of the economy if there were a constant state of technology ...
Answers to Paper Practice Test
... B. The nominal interest rate of596 is now too high. i r ., C. The real interest rate has increased from 7% to 8%. - .t Jer I J.( 4. ...
... B. The nominal interest rate of596 is now too high. i r ., C. The real interest rate has increased from 7% to 8%. - .t Jer I J.( 4. ...
Chapter 6
... British hegemony, the leadership of the capitalist world-economy involved primarily the management of “balance of power” between the major states and the securing of a relatively favorable environment for the expansion of the division of labor within the capitalist worldeconomy (“free trade”). By co ...
... British hegemony, the leadership of the capitalist world-economy involved primarily the management of “balance of power” between the major states and the securing of a relatively favorable environment for the expansion of the division of labor within the capitalist worldeconomy (“free trade”). By co ...
Aggregate Expenditure
... trillion, sales revenues at investment goods manufacturers (Boeing, Westinghouse, Cincinnati Milacron) will increase by $0.5 trillion ...
... trillion, sales revenues at investment goods manufacturers (Boeing, Westinghouse, Cincinnati Milacron) will increase by $0.5 trillion ...
Fiscal policy and saving under distortionary taxation
... interest payments on the domestic public debt). This coefficient should be zero if one considers only the direct effect of transferring funds from one sector of the economy to another. However, since current tax rates are included in the regression, and are thus held constant, transfers today signal ...
... interest payments on the domestic public debt). This coefficient should be zero if one considers only the direct effect of transferring funds from one sector of the economy to another. However, since current tax rates are included in the regression, and are thus held constant, transfers today signal ...
Financial Transaction Taxes: Tools for Progressive Taxation and
... Now imagine that a fixed amount of revenue needs to be raised by the government. It could ...
... Now imagine that a fixed amount of revenue needs to be raised by the government. It could ...
PDF - Ritholtz Wealth Management
... But more importantly for our purposes today, Michael took a look at the impact of rate movements on the S&P 500, our stand-in for the broader US equity market. There have been 86 past instances during which interest rates changed over the course of a calendar year. The effects of these changes produ ...
... But more importantly for our purposes today, Michael took a look at the impact of rate movements on the S&P 500, our stand-in for the broader US equity market. There have been 86 past instances during which interest rates changed over the course of a calendar year. The effects of these changes produ ...
Answers to Quiz #3
... Prices in this economy are falling in 2011 relative to 2010. This is an example of deflation. ...
... Prices in this economy are falling in 2011 relative to 2010. This is an example of deflation. ...
Fiscal Policy Levers
... Once a tax or spending plan arrives at the U.S. Capitol, politics take over. If taxes are cut, they want their constituents to get the biggest tax savings. No member of Congress wants spending cuts in their own districts. No-one in Congress wants a tax hike or spending cut before the election. ...
... Once a tax or spending plan arrives at the U.S. Capitol, politics take over. If taxes are cut, they want their constituents to get the biggest tax savings. No member of Congress wants spending cuts in their own districts. No-one in Congress wants a tax hike or spending cut before the election. ...
Investment and its Role in Economic Development
... the Country is not satisfied because of various reasons. One among the major reason is Savings and Investment. Statistics says that only 22% of the income by the people have been converted into savings in India in the year 20142015 though it is forecasted as 24% in Twelth Year Plan, but still we are ...
... the Country is not satisfied because of various reasons. One among the major reason is Savings and Investment. Statistics says that only 22% of the income by the people have been converted into savings in India in the year 20142015 though it is forecasted as 24% in Twelth Year Plan, but still we are ...
Pension Fund Asset Allocation and Liability Discount Rates
... For instance, among U.S. public pension funds, the employer (i.e., the state, county or city) needs to pay an additional catch-up contribution to cover the already accrued, but unfunded liabilities over the next 30 years. The size of these amortization payments depends on the dollar value of the fun ...
... For instance, among U.S. public pension funds, the employer (i.e., the state, county or city) needs to pay an additional catch-up contribution to cover the already accrued, but unfunded liabilities over the next 30 years. The size of these amortization payments depends on the dollar value of the fun ...
I Human Environment Relationship
... (i) The conclusions are similar to those in Example #1. (ii) This same approach can be used to look at varying ore qualities 7. Increasing Marginal Extraction Costs (1) Example: Mining moving from high to lower grade ores (2) Marginal User's cost no longer rises at the rate of interest (3) Depletabl ...
... (i) The conclusions are similar to those in Example #1. (ii) This same approach can be used to look at varying ore qualities 7. Increasing Marginal Extraction Costs (1) Example: Mining moving from high to lower grade ores (2) Marginal User's cost no longer rises at the rate of interest (3) Depletabl ...
NORTHERN IRELAND CENTRAL INVESTMENT FUND FOR CHARITIES
... has been here before when a negative economic backdrop can result in a positive outcome for financial assets. The US economy ticks along nicely although growth forecasts have been trimmed. Unemployment continues to fall as does inflation (largely helped by the oil price decline) and speculation grow ...
... has been here before when a negative economic backdrop can result in a positive outcome for financial assets. The US economy ticks along nicely although growth forecasts have been trimmed. Unemployment continues to fall as does inflation (largely helped by the oil price decline) and speculation grow ...
Chapter 1 U G F
... revenue and fiscal deficits have been presented as percentage to the GDP at current market prices. The New GDP series with 1993-94 as base as published by the Central Statistical Organisation has been used. Data up to 1999-2000 are final estimates. For 2000-2001 estimates have been used. Since the p ...
... revenue and fiscal deficits have been presented as percentage to the GDP at current market prices. The New GDP series with 1993-94 as base as published by the Central Statistical Organisation has been used. Data up to 1999-2000 are final estimates. For 2000-2001 estimates have been used. Since the p ...
