Macro Exam Summer 2005
... • Restoring oder to the public finances in late 1980s was a pre-condition for a resumption of economic growth. • Improved investor confidence and reduced the outflow of capital. • Tax rates cut from 35% and 58% in 1988 to 20% and 42% in 2002. • Difficult to disentangle cause and effect. • Tax cuts i ...
... • Restoring oder to the public finances in late 1980s was a pre-condition for a resumption of economic growth. • Improved investor confidence and reduced the outflow of capital. • Tax rates cut from 35% and 58% in 1988 to 20% and 42% in 2002. • Difficult to disentangle cause and effect. • Tax cuts i ...
1 Overlapping Generations
... where Nt is the size of the cohort born in period t. Thus, Nt /Nt−1 = 1+n is the population growth and 1+n is also the old-age dependency ratio, i.e., number of workers per retiree) – Due to the population transition (lower fertility after 1960 and longer longevity), most countries now promise a re ...
... where Nt is the size of the cohort born in period t. Thus, Nt /Nt−1 = 1+n is the population growth and 1+n is also the old-age dependency ratio, i.e., number of workers per retiree) – Due to the population transition (lower fertility after 1960 and longer longevity), most countries now promise a re ...
3. Simulations and Results
... target would require to reduce recent net migration numbers by a factor of 2. In our simulations we compare the impact of demographic shock based on the principal ONS population projections with the lower migration scenario, which assumes that migration rates are reduced by 50%. Our results show tha ...
... target would require to reduce recent net migration numbers by a factor of 2. In our simulations we compare the impact of demographic shock based on the principal ONS population projections with the lower migration scenario, which assumes that migration rates are reduced by 50%. Our results show tha ...
Long term trends in nominal exchange rates
... Relative prices argument… some prices go up (imported goods) and some will go up less rapidly (domestic goods). Inflation supports depreciation argument… higher inflation increases growth and generates more depreciation. ...
... Relative prices argument… some prices go up (imported goods) and some will go up less rapidly (domestic goods). Inflation supports depreciation argument… higher inflation increases growth and generates more depreciation. ...
PROBLEM SET 4 14.02 Macroeconomics April 5, 2006 Due April 12, 2006
... Due April 12, 2006 I. Answer each as True, False, or Uncertain, and explain your choice. 1. Even in the absence of technological progress, growth could go on forever if capital never depreciated. 2. The more you save the more your country will keep growing in the long run. 3. The U.S. capital stock ...
... Due April 12, 2006 I. Answer each as True, False, or Uncertain, and explain your choice. 1. Even in the absence of technological progress, growth could go on forever if capital never depreciated. 2. The more you save the more your country will keep growing in the long run. 3. The U.S. capital stock ...
Fiscal Policy in the 1960s
... It was expected that this initial stimulus would touch off a strong and sustained rise in business spending. But after five years of experience with sluggish markets and excess capacity, businessmen were not prepared to raise plant and equipment spending far in advance of the growth of demand. The e ...
... It was expected that this initial stimulus would touch off a strong and sustained rise in business spending. But after five years of experience with sluggish markets and excess capacity, businessmen were not prepared to raise plant and equipment spending far in advance of the growth of demand. The e ...
Choice, Change, Challenge, and Opportunity
... The structural surplus or deficit is the surplus or deficit that would occur if the economy were at full employment and real GDP were equal to potential GDP. The cyclical surplus or deficit is the actual surplus or deficit minus the structural surplus or deficit; that is, it is the surplus or defici ...
... The structural surplus or deficit is the surplus or deficit that would occur if the economy were at full employment and real GDP were equal to potential GDP. The cyclical surplus or deficit is the actual surplus or deficit minus the structural surplus or deficit; that is, it is the surplus or defici ...
Fiscal policy
... The structural surplus or deficit is the surplus or deficit that would occur if the economy were at full employment and real GDP were equal to potential GDP. The cyclical surplus or deficit is the actual surplus or deficit minus the structural surplus or deficit; that is, it is the surplus or defici ...
... The structural surplus or deficit is the surplus or deficit that would occur if the economy were at full employment and real GDP were equal to potential GDP. The cyclical surplus or deficit is the actual surplus or deficit minus the structural surplus or deficit; that is, it is the surplus or defici ...
Chapter 15
... The structural surplus or deficit is the surplus or deficit that would occur if the economy were at full employment and real GDP were equal to potential GDP. The cyclical surplus or deficit is the actual surplus or deficit minus the structural surplus or deficit; that is, it is the surplus or defici ...
... The structural surplus or deficit is the surplus or deficit that would occur if the economy were at full employment and real GDP were equal to potential GDP. The cyclical surplus or deficit is the actual surplus or deficit minus the structural surplus or deficit; that is, it is the surplus or defici ...
Final-Exam Practice
... 64) If the economy is in long run equilibrium at full employment, the level of overall economic activity is not affected by changes in the price level due to: A) the fact that prices and input costs change simultaneously and in the same direction. B) the fact that prices increase more slowly than in ...
... 64) If the economy is in long run equilibrium at full employment, the level of overall economic activity is not affected by changes in the price level due to: A) the fact that prices and input costs change simultaneously and in the same direction. B) the fact that prices increase more slowly than in ...
2305-budgetting
... Recall some history: the increasing power of Parliament over the monarch was made possible because of its power over the purse. Monarchs liked ready access to money to fund any adventures they choose to become involved in. Money could not be drawn from the treasury unless it was authorized by Parli ...
... Recall some history: the increasing power of Parliament over the monarch was made possible because of its power over the purse. Monarchs liked ready access to money to fund any adventures they choose to become involved in. Money could not be drawn from the treasury unless it was authorized by Parli ...
The Domestic Economy - The Economic and Social Research Institute
... tax cuts in the 1999 budget. Although a rise in oil prices, a depreciating euro and a cigarette tax increase in the budget have added to inflation, there is no doubt that strong domestic demand is adding to the price pressures. This is most evident in the even higher rate of service price inflation, ...
... tax cuts in the 1999 budget. Although a rise in oil prices, a depreciating euro and a cigarette tax increase in the budget have added to inflation, there is no doubt that strong domestic demand is adding to the price pressures. This is most evident in the even higher rate of service price inflation, ...
Module 31 Lecture Notes
... ****Advocates of inflation targeting argue that it has two key advantages, transparency and accountability. *Transparency: Economic uncertainty is reduced because the public knows the objective of inflation -- targeting central bank. *Accountability: The central bank’s success can be judged by seein ...
... ****Advocates of inflation targeting argue that it has two key advantages, transparency and accountability. *Transparency: Economic uncertainty is reduced because the public knows the objective of inflation -- targeting central bank. *Accountability: The central bank’s success can be judged by seein ...
The Presentation Today
... known economic theory. They are supposed to encourage savings but – outside the hyper-inflationary zone – savings may or may not be promoted by high real rates. An ageing population, for instance, like any “target-saver” might save more at lower rates. In any case real interest rates in the transiti ...
... known economic theory. They are supposed to encourage savings but – outside the hyper-inflationary zone – savings may or may not be promoted by high real rates. An ageing population, for instance, like any “target-saver” might save more at lower rates. In any case real interest rates in the transiti ...
Reform of social management in fiscal arena 2002
... CIT – what to harmonize? • Efficiency would argue ceteris paribus for a simple CIT, in which case a low rate with broad base is appropriate • Efficiency would argue for taxing income at the level of individuals rather than corporations, but for practical reasons might not be feasible • There is lim ...
... CIT – what to harmonize? • Efficiency would argue ceteris paribus for a simple CIT, in which case a low rate with broad base is appropriate • Efficiency would argue for taxing income at the level of individuals rather than corporations, but for practical reasons might not be feasible • There is lim ...
rack--FairTax_Impact_on_Investment-blank-3ppg
... Under the FairTax, savings and investments are not taxed at all. As Americans save more money, the pool of funds in lending institutions grows. When you add to this the flood of capital currently trapped offshore, we realize a huge increase in the pool of capital, thereby causing the cost of borrowi ...
... Under the FairTax, savings and investments are not taxed at all. As Americans save more money, the pool of funds in lending institutions grows. When you add to this the flood of capital currently trapped offshore, we realize a huge increase in the pool of capital, thereby causing the cost of borrowi ...
US Employment Outlook for 2014: Can the US
... More than 3.9 million people (or 37.7 percent of the unemployed) are still unemployed for 27 weeks or more; yet employers still complain that they cannot find qualified workers to fill their job openings. Other employment-related factors contributing to the lower potential GDP growth have to do with ...
... More than 3.9 million people (or 37.7 percent of the unemployed) are still unemployed for 27 weeks or more; yet employers still complain that they cannot find qualified workers to fill their job openings. Other employment-related factors contributing to the lower potential GDP growth have to do with ...
A Cost-Benefit Analysis of the Ontario Retirement Pension Plan
... without the ORPP. Some of the large increase in domestic savings is also re-invested in Ontario's economy, boosting business investment. The higher consumer and investment spending results in real GDP being $9.6 billion higher by the end of the forecast period than it would be without the ORPP. The ...
... without the ORPP. Some of the large increase in domestic savings is also re-invested in Ontario's economy, boosting business investment. The higher consumer and investment spending results in real GDP being $9.6 billion higher by the end of the forecast period than it would be without the ORPP. The ...
Introductory lecture
... choices seem to be made in advance of research led investigation of the field. There is the problem of premature closure when policy options are apparently chosen without full consideration of the alternatives. There is the problem of over-simplification when judgments about a policy choice are pres ...
... choices seem to be made in advance of research led investigation of the field. There is the problem of premature closure when policy options are apparently chosen without full consideration of the alternatives. There is the problem of over-simplification when judgments about a policy choice are pres ...
Date
... A) the real wage will rise and the real rental price of capital will fall. B) both the real wage and the real rental price of capital will fall. C) both the real wage and the real rental price of capital will rise. D) the real wage will fall and the real rental price of capital will rise. 41. If a n ...
... A) the real wage will rise and the real rental price of capital will fall. B) both the real wage and the real rental price of capital will fall. C) both the real wage and the real rental price of capital will rise. D) the real wage will fall and the real rental price of capital will rise. 41. If a n ...
Multiple Choice Week Six
... and AD will cause a rise in real GDP from NY1 to NY2, therefore increase employment as more factors of production are being utilised, and labour is a factor of production. Provided the increase in aggregate supply is equal to or greater than the increase in aggregate demand, average price level will ...
... and AD will cause a rise in real GDP from NY1 to NY2, therefore increase employment as more factors of production are being utilised, and labour is a factor of production. Provided the increase in aggregate supply is equal to or greater than the increase in aggregate demand, average price level will ...
The Scope and Language of Operations Management
... services usually have large market shares and were early entrants into their markets. Quality is positively and significantly related to a higher return on investment for almost all kinds of products and market situations. A strategy of quality improvement usually leads to increased market share but ...
... services usually have large market shares and were early entrants into their markets. Quality is positively and significantly related to a higher return on investment for almost all kinds of products and market situations. A strategy of quality improvement usually leads to increased market share but ...
Outline of envisaged TC activities in the field of social
... Source: Compatibility analysis of the national Social Protection Strategy and the UN Social Protection Floor Initiative: Costing and financial projections to implement social protection policies 2011-2020 (Draft), ILO, Geneva. ...
... Source: Compatibility analysis of the national Social Protection Strategy and the UN Social Protection Floor Initiative: Costing and financial projections to implement social protection policies 2011-2020 (Draft), ILO, Geneva. ...
M P G F
... MONETARY POLICY spending really have more than a one-for-one cost. Let me explain what I mean. If you spend a dollar on government spending, that costs a dollar in terms of the resources being drawn from the economy, but in addition there’s what economists called a deadweight loss, or an excess bur ...
... MONETARY POLICY spending really have more than a one-for-one cost. Let me explain what I mean. If you spend a dollar on government spending, that costs a dollar in terms of the resources being drawn from the economy, but in addition there’s what economists called a deadweight loss, or an excess bur ...
Answers to Questions from Chapter 26 (1) and (2): The equilibrium
... (4) Since you want to reduce GDP by $120, and since the multiplier is 4, you must take some action that will have an initial impact of reducing expenditure on GDP by $30. You may cut G by $30. Instead, you may raise taxes or reduce transfer payments by $40. Either of these latter two policies will l ...
... (4) Since you want to reduce GDP by $120, and since the multiplier is 4, you must take some action that will have an initial impact of reducing expenditure on GDP by $30. You may cut G by $30. Instead, you may raise taxes or reduce transfer payments by $40. Either of these latter two policies will l ...