THE EVOLUTION AND POLICY IMPLICATIONS OF PHILLIPS CURVE ANALYSIS
... estimated for the pre-World War I period 1861-1913 fitted the United Kingdom data for the post-World War II period 1948-1957 equally well or even better. Such apparent stability in a two-variable relationship over such a long period of time is uncommon in empirical economics and served to excite int ...
... estimated for the pre-World War I period 1861-1913 fitted the United Kingdom data for the post-World War II period 1948-1957 equally well or even better. Such apparent stability in a two-variable relationship over such a long period of time is uncommon in empirical economics and served to excite int ...
The Worldwide Shift of FDI to Services- How does it... Asia? New Evidence from Seventeen Asian Economies.
... Emerging market and developing economies have been competing in attracting foreign direct investment (FDI) because of its perceived positive productivity spillovers on receiving countries. For many developing countries FDI stands as the most important foreign source of financing as well. However, th ...
... Emerging market and developing economies have been competing in attracting foreign direct investment (FDI) because of its perceived positive productivity spillovers on receiving countries. For many developing countries FDI stands as the most important foreign source of financing as well. However, th ...
remittances
... Given the growing importance of remittances as a source of PCF, these flows could potentially become an important tool for economic development, especially if they can be channelled into productive investment (Ratha 2007).5 From a macro-economic perspective, it is increasingly accepted that remittan ...
... Given the growing importance of remittances as a source of PCF, these flows could potentially become an important tool for economic development, especially if they can be channelled into productive investment (Ratha 2007).5 From a macro-economic perspective, it is increasingly accepted that remittan ...
Forecast Bias of Government Agencies
... between government agencies. Before discussing reasons for government agency forecast bias, it is worth examining the private sector performance. In a comprehensive evaluation, Batchelor (2007) finds evidence of a bias in private sector forecasts of real GDP and inflation in the G7 countries. Laster ...
... between government agencies. Before discussing reasons for government agency forecast bias, it is worth examining the private sector performance. In a comprehensive evaluation, Batchelor (2007) finds evidence of a bias in private sector forecasts of real GDP and inflation in the G7 countries. Laster ...
Coyote Economist Economics Scholarships for Fall 2012 News.from.the.Department.of.Economics,.CSUSB
... blue line) and potential real GDP growth path (the red line). Obviously, if the current expansion continues growing at the pace seen since June of 2009, it will be several years before the United States economy returns to its long-run potential. It’s also possible that this may be the beginning of a ...
... blue line) and potential real GDP growth path (the red line). Obviously, if the current expansion continues growing at the pace seen since June of 2009, it will be several years before the United States economy returns to its long-run potential. It’s also possible that this may be the beginning of a ...
Economic Development and International Financial Trilemma in
... and my Mother (Karshibaeva Gulchekhra Ruzimbaevna). ...
... and my Mother (Karshibaeva Gulchekhra Ruzimbaevna). ...
NATIONAL OPEN UNIVERSITY OF NIGERIA MACROECONOMICS
... details. Note the time you are expected to spend on each unit and how the assignments relate to the units. Important information, e.g. details of your NOUN ...
... details. Note the time you are expected to spend on each unit and how the assignments relate to the units. Important information, e.g. details of your NOUN ...
FDI-KSA
... FDI where the foreign side generally contributed equipment, industrial property rights including technology, and funds while the Saudi counterpart contributed land, plant, equipment and the local component of currency and funds. In addition to these forms, the KSA also instituted an Offset program w ...
... FDI where the foreign side generally contributed equipment, industrial property rights including technology, and funds while the Saudi counterpart contributed land, plant, equipment and the local component of currency and funds. In addition to these forms, the KSA also instituted an Offset program w ...
Working Paper No. 124 - Levy Economics Institute of Bard College
... have admitted that they rely on hunches, intuition, and anecdotal evidence when deciding whether to change the policy stance. Our purpose in this Public Policy Brief is not to criticize the Federal Reserve for the apparent inability to settle on a single target. Formulating ...
... have admitted that they rely on hunches, intuition, and anecdotal evidence when deciding whether to change the policy stance. Our purpose in this Public Policy Brief is not to criticize the Federal Reserve for the apparent inability to settle on a single target. Formulating ...
... with improved accomplishments in South Asian as well as some of the least developed countries. Thus, while the average growth rate of both East and South-East Asian economies in 1994 increased only marginally, that of the South Asian economies registered an improvement by nearly a full percentage po ...
DETERMINANT AND IMPACTS OF DYNAMIC INFLATION IN
... has failed to solve food price hikes. The food price inflation has reached over 36 percent in April 2008 (CSA, 2008). This seemingly contradictory situation has puzzled many and led many more to suspect the credibility of the stories of fast economic growth in Ethiopia over the past eight years. Inf ...
... has failed to solve food price hikes. The food price inflation has reached over 36 percent in April 2008 (CSA, 2008). This seemingly contradictory situation has puzzled many and led many more to suspect the credibility of the stories of fast economic growth in Ethiopia over the past eight years. Inf ...
Exchange Rates, Economic Integration and the International
... contemporary research agenda in international trade and open-economy macroeconomics. The choice of exchange-rate regime and the suitability of regional currency unions are two important topics which receive particular attention. The apparent success of European Monetary Union and perceived failures ...
... contemporary research agenda in international trade and open-economy macroeconomics. The choice of exchange-rate regime and the suitability of regional currency unions are two important topics which receive particular attention. The apparent success of European Monetary Union and perceived failures ...
policy disagreement and the transmission of - ECB
... This paper focuses on the expectation coordination eects of scal policy communication and provides an empirical assessment of the implications of disagreement amongst agents for the transmission of scal impulses in the United States. We develop an indirect measure of precision of scal policy com ...
... This paper focuses on the expectation coordination eects of scal policy communication and provides an empirical assessment of the implications of disagreement amongst agents for the transmission of scal impulses in the United States. We develop an indirect measure of precision of scal policy com ...
4. The Business Environment in Mozambique
... Mozambique, a nation of 19 million people, is a country of economic extremes. After a long war for independence, a mass exodus of skilled workers following independence, and a bitter civil war that destroyed much of the infrastructure, Mozambique has achieved an impressive record of economic growth ...
... Mozambique, a nation of 19 million people, is a country of economic extremes. After a long war for independence, a mass exodus of skilled workers following independence, and a bitter civil war that destroyed much of the infrastructure, Mozambique has achieved an impressive record of economic growth ...
World Economic Outlook: Crisis and Recovery, April 2009
... Even with determined steps to return the financial sector to health and continued use of macroeconomic policy levers to support aggregate demand, global activity is projected to contract by 1.3 percent in 2009. This represents the deepest post–World War II recession by far. Moreover, the downturn is ...
... Even with determined steps to return the financial sector to health and continued use of macroeconomic policy levers to support aggregate demand, global activity is projected to contract by 1.3 percent in 2009. This represents the deepest post–World War II recession by far. Moreover, the downturn is ...
analysing uk fiscal policy - UK Government Web Archive
... This prudent approach is implemented, among other things, by adopting a cautious assumption about the economy's trend growth rate. The Government's economic policies are designed to raise this growth rate beyond the level assumed for fiscal policy purposes. For the purposes of fiscal planning, howev ...
... This prudent approach is implemented, among other things, by adopting a cautious assumption about the economy's trend growth rate. The Government's economic policies are designed to raise this growth rate beyond the level assumed for fiscal policy purposes. For the purposes of fiscal planning, howev ...
Monetary policy, the financial cycle and ultra
... impact of policy over the whole financial cycle. Rather, policy interest rates should be set so that the economy is never too far away from “financial equilibrium” – a notion that we will define more precisely below. Using an illustrative policy rule that embodies such features, our analysis suggest ...
... impact of policy over the whole financial cycle. Rather, policy interest rates should be set so that the economy is never too far away from “financial equilibrium” – a notion that we will define more precisely below. Using an illustrative policy rule that embodies such features, our analysis suggest ...
Unit III-Economics-Lesson1.TH - Virtual Enterprises International
... Labor – the workers available to produce goods and services. Land & Raw Materials – the raw materials, etc., used to produce goods and services. Capital – the amount of money available for investing. In spite of all the above‐mentioned resources, there are some resources that are considered to be ...
... Labor – the workers available to produce goods and services. Land & Raw Materials – the raw materials, etc., used to produce goods and services. Capital – the amount of money available for investing. In spite of all the above‐mentioned resources, there are some resources that are considered to be ...
On the Believable Benefits of Low Inflation
... real output or the real interest rate. In this case, the Fisher effect holds exactly so that nominal interest rates fall one-for-one with inflation. Any non-super-neutralities imply that (a) the observed change in inflation differs from the change in the nominal interest rate (and it is the change i ...
... real output or the real interest rate. In this case, the Fisher effect holds exactly so that nominal interest rates fall one-for-one with inflation. Any non-super-neutralities imply that (a) the observed change in inflation differs from the change in the nominal interest rate (and it is the change i ...
The Evolution and Policy Implications of Phillips Curve Analysis
... estimated for the pre-World War I period 1861-1913 fitted the United Kingdom data for the post-World War II period 1948-1957 equally well or even better. Such apparent stability in a two-variable relationship over such a long period of time is uncommon in empirical economics and served to excite int ...
... estimated for the pre-World War I period 1861-1913 fitted the United Kingdom data for the post-World War II period 1948-1957 equally well or even better. Such apparent stability in a two-variable relationship over such a long period of time is uncommon in empirical economics and served to excite int ...
Post–World War II economic expansion
""Golden Age of capitalism"" redirects here. Other periods this term may refer to are Gilded Age and Belle Époque.The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of economic prosperity in the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early 1970s. It ended with the collapse of the Bretton Woods system in 1971, the 1973 oil crisis, and the 1973–1974 stock market crash, which led to the 1970s recession. Narrowly defined, the period spanned from 1945 to 1952, with overall growth lasting well until 1971, though there are some debates on dating the period, and booms in individual countries differed, some starting as early as 1945, and overlapping the rise of the East Asian economies into the 1980s or 1990s.During this time there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Greece (Greek economic miracle), West Germany (Wirtschaftswunder), France (Trente Glorieuses), Japan (Japanese post-war economic miracle), and Italy (Italian economic miracle).