Executive summary
... The Slovak economy, which saw one of the speediest recoveries from the financial crisis, faces the challenge of strengthening its domestic production base and diversifying its sources of growth, whilst consolidating progress made so far in terms of structural reforms and public finances. After a slo ...
... The Slovak economy, which saw one of the speediest recoveries from the financial crisis, faces the challenge of strengthening its domestic production base and diversifying its sources of growth, whilst consolidating progress made so far in terms of structural reforms and public finances. After a slo ...
Fiscal Policy in the Crisis: Lessons and Policy Implications
... estimated multiplier for tax changes is very large—a tax cut of 1 percent of GDP raises output by about 3 percent after 10 quarters. 3 This is more than twice as large as the estimate based on measures of tax changes that are likely contaminated with endogenous movements. The other form of new evide ...
... estimated multiplier for tax changes is very large—a tax cut of 1 percent of GDP raises output by about 3 percent after 10 quarters. 3 This is more than twice as large as the estimate based on measures of tax changes that are likely contaminated with endogenous movements. The other form of new evide ...
4d. Minutes 26 November Appendix D RTF
... running pension funds very challenging. The first is clearly the fall in world equity values. When I briefed myself up I was thinking of a figure of a fall of 25%, but since I have briefed myself we had the largest ever increase in the stock market, 10% in one day early this week. Highly volatile bu ...
... running pension funds very challenging. The first is clearly the fall in world equity values. When I briefed myself up I was thinking of a figure of a fall of 25%, but since I have briefed myself we had the largest ever increase in the stock market, 10% in one day early this week. Highly volatile bu ...
Document
... Also true for the other components of GDP. Example: Suppose a recession overseas reduces demand for U.S. net exports by $10b. Initially, agg demand falls by $10b. The fall in Y causes C to fall, which further reduces agg demand and income. ...
... Also true for the other components of GDP. Example: Suppose a recession overseas reduces demand for U.S. net exports by $10b. Initially, agg demand falls by $10b. The fall in Y causes C to fall, which further reduces agg demand and income. ...
A Two-Period International Investment Model Setting Up the The
... order of the real and financial investment opportunities. • The supply curve of loanable funds is shown as an upwardsloping curve, suggesting people save more the higher is the interest rate. • The equilibrium in the market ...
... order of the real and financial investment opportunities. • The supply curve of loanable funds is shown as an upwardsloping curve, suggesting people save more the higher is the interest rate. • The equilibrium in the market ...
Empirical Assessment Of Stabilization Effects Of Fiscal Policy In
... fiscal shocks has the interest rate, while the lowest the price level. Moreover, noncommonly, they show that the response of output (proxied by industrial production) is positive after a tax shock and negative after a spending shock, concluding that on one hand industrial production may not be a goo ...
... fiscal shocks has the interest rate, while the lowest the price level. Moreover, noncommonly, they show that the response of output (proxied by industrial production) is positive after a tax shock and negative after a spending shock, concluding that on one hand industrial production may not be a goo ...
Principles of Macroeconomics, Case/Fair/Oster, 10e
... The AD curve is a useful summary of this analysis in that every point on the curve corresponds to equilibrium in both the goods and money markets for the given value of the price level. We have not yet, however, determined the price level. This is the task of the next chapter. ...
... The AD curve is a useful summary of this analysis in that every point on the curve corresponds to equilibrium in both the goods and money markets for the given value of the price level. We have not yet, however, determined the price level. This is the task of the next chapter. ...
economic growth in paraguay - Global Development Network
... Indeed, between 1938 and 1946, average GDP grew 2.5% per year and exports grew at an annual rate of 8.2%. But world supply conditions and the higher demand of domestic output were also reflected in rising domestic prices. Between 1939 and 1944 the cost of living increased 300% for higher income grou ...
... Indeed, between 1938 and 1946, average GDP grew 2.5% per year and exports grew at an annual rate of 8.2%. But world supply conditions and the higher demand of domestic output were also reflected in rising domestic prices. Between 1939 and 1944 the cost of living increased 300% for higher income grou ...
the role of pension funds in financing green growth
... EXECUTIVE SUMMARY It is estimated that transitioning to a low-carbon and climate resilient economy and more broadly „greening growth‟ over the next 20 years will require significant investment and consequently private sources of capital on a much larger scale than previously - particularly given th ...
... EXECUTIVE SUMMARY It is estimated that transitioning to a low-carbon and climate resilient economy and more broadly „greening growth‟ over the next 20 years will require significant investment and consequently private sources of capital on a much larger scale than previously - particularly given th ...
Shifting gear: why have neutral interest rates fallen?
... GFC, both in New Zealand and in other countries (figure 10). 8 And estimates based on equations that describe how monetary policy has responded to inflation and demand pressure in the past also suggest the neutral 90-day rate might be lower since the crisis. 9 As I have discussed, adjustments in the ...
... GFC, both in New Zealand and in other countries (figure 10). 8 And estimates based on equations that describe how monetary policy has responded to inflation and demand pressure in the past also suggest the neutral 90-day rate might be lower since the crisis. 9 As I have discussed, adjustments in the ...
Document
... • A transition from command-administrative to market economy – a reform leader among CIS countries. The introduction of national currency – the tenge. • A stable multi-national cooperation and multi-confessional world. • A strategic partnership with many countries: diplomatic relations with 120 stat ...
... • A transition from command-administrative to market economy – a reform leader among CIS countries. The introduction of national currency – the tenge. • A stable multi-national cooperation and multi-confessional world. • A strategic partnership with many countries: diplomatic relations with 120 stat ...
A New Method for Constructing a Cyclically Adjusted
... principal tax bases to GDP. This method was initially proposed by Braconier and Holden (1999). The fact that the composition of GDP varies over the economic cycle is of significance for general-government net lending. This variation in composition is not stable across cycles, however, but depends on ...
... principal tax bases to GDP. This method was initially proposed by Braconier and Holden (1999). The fact that the composition of GDP varies over the economic cycle is of significance for general-government net lending. This variation in composition is not stable across cycles, however, but depends on ...
NBER WORKING PAPER SERIES DOMESTIC AND FOREIGN DISTURBANCES IN AN OPTIMIZING
... where f(9) is the firm's production function, assumed to possess the usual neoclassical property of positive, but diminishing, marginal product of labor. The domestic government's budget constraint, expressed in real terms is ...
... where f(9) is the firm's production function, assumed to possess the usual neoclassical property of positive, but diminishing, marginal product of labor. The domestic government's budget constraint, expressed in real terms is ...
NBER WORKING PAPER SERIES INVESTMENT, CAPACITY, AND UNCERTAINTY: A PUTTY-CLAY APPROACH Simon Gilchrist
... In real business cycle models that emphasize the role of embodied technological change, technological booms are driven by increases in the mean level of productivity of investment projects. In this paper, we investigate the macroeconomic consequences of changes in the variance of productivity of inv ...
... In real business cycle models that emphasize the role of embodied technological change, technological booms are driven by increases in the mean level of productivity of investment projects. In this paper, we investigate the macroeconomic consequences of changes in the variance of productivity of inv ...
NBER WORKING PAPERS SERIES GOVERNMENT SOLVENCY, PONZI FINANCE AND THE REDUNDANCY
... Note that this definition of solvency can be generalized easily to all OLG models with finite household horizons. It relies only on the reasonable postulate that in the last period of its life, each household disposes of all real and financial assets (including public debt) and pays off any debts it ...
... Note that this definition of solvency can be generalized easily to all OLG models with finite household horizons. It relies only on the reasonable postulate that in the last period of its life, each household disposes of all real and financial assets (including public debt) and pays off any debts it ...
The Puzzle of Persistently Negative Interest Rate
... The differential between the average interest rate paid on government debt and the growth rate of the economy (the interest rate-growth differential, henceforth IRGD for short) is a key parameter in assessing the sustainability of government debt.2 This is founded in the logic of debt dynamics: the ...
... The differential between the average interest rate paid on government debt and the growth rate of the economy (the interest rate-growth differential, henceforth IRGD for short) is a key parameter in assessing the sustainability of government debt.2 This is founded in the logic of debt dynamics: the ...
An analysis of the relationship between international bond markets
... proposed by King and Wadhwani (1990) where, for example, agents do not assess the economic implications of news from an overseas market for themselves and simply respond by ‘shooting first and asking questions later’ (see Shiller, Konya and Tsutsui (1991)). Some early studies of the informational li ...
... proposed by King and Wadhwani (1990) where, for example, agents do not assess the economic implications of news from an overseas market for themselves and simply respond by ‘shooting first and asking questions later’ (see Shiller, Konya and Tsutsui (1991)). Some early studies of the informational li ...
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... on the Australian Stock Exchange) has dropped just over 36% so far in this financial year alone. In the past twelve months, around $680 billion has been wiped from the Australian stock market. This scenario is all too common right around the world, with dramatic falls in value a consistent feature o ...
... on the Australian Stock Exchange) has dropped just over 36% so far in this financial year alone. In the past twelve months, around $680 billion has been wiped from the Australian stock market. This scenario is all too common right around the world, with dramatic falls in value a consistent feature o ...
Frictional unemployment
... years of age and older who are either: employed by a private firm or a government unit self-employed had jobs but were not working because of illness, bad weather. ...
... years of age and older who are either: employed by a private firm or a government unit self-employed had jobs but were not working because of illness, bad weather. ...
Key Review Questions for ECO 2030 final exam
... (unemployment, inflation, GDP, international trade, international finance, consumer spending, overall state of the US economy or some other country, fiscal policy, monetary policy or the Federal Reserve, Banking industry, Great Recession, interest rates, stock market, etc) ...
... (unemployment, inflation, GDP, international trade, international finance, consumer spending, overall state of the US economy or some other country, fiscal policy, monetary policy or the Federal Reserve, Banking industry, Great Recession, interest rates, stock market, etc) ...
Investment and Spending Policy Community Colleges of New
... The Board of Directors shall, by resolution, appoint a Finance & Investment Committee consisting of not less than three elected members of the Board of Directors. The Investment Committee shall be responsible for the development and execution of investment policies and procedures. It may elect an in ...
... The Board of Directors shall, by resolution, appoint a Finance & Investment Committee consisting of not less than three elected members of the Board of Directors. The Investment Committee shall be responsible for the development and execution of investment policies and procedures. It may elect an in ...
Chapter 12 Appendix A
... fallen to r2. As we saw in the chapter, because output is now above potential, the short-run aggregate supply curve in panel (c) will shift up until it reaches AS3. The economy moves to point 3 where aggregate output is now back at potential and inflation has risen to p3. From the IS curve in panel ...
... fallen to r2. As we saw in the chapter, because output is now above potential, the short-run aggregate supply curve in panel (c) will shift up until it reaches AS3. The economy moves to point 3 where aggregate output is now back at potential and inflation has risen to p3. From the IS curve in panel ...
World in 2050
... should comfortably outpace the large Western European economies for the next couple of decades. ...
... should comfortably outpace the large Western European economies for the next couple of decades. ...