Marco Cangiano , E. Baldacci , S. Mahfouz , andAxel Schimmelpfenning The Effectiveness of Fiscal Policy in Stimulating Economic Activity: An Empirical Investigation (Second IMF Research Conference)..
... theory suggests that fiscal multipliers are more likely to be positive and large when economies are relatively closed, there is considerable slack in productive capacity, government debt is low, fiscal expansion focuses on spending, and there is an accompanying monetary expansion. Fiscal multipliers ...
... theory suggests that fiscal multipliers are more likely to be positive and large when economies are relatively closed, there is considerable slack in productive capacity, government debt is low, fiscal expansion focuses on spending, and there is an accompanying monetary expansion. Fiscal multipliers ...
Cape Verde - A Success Story
... in Africa in just over two decades. Cape Verde has transformed itself from one of the poorest countries in the world to one of the fastest growing economies in Africa. In that time, it has managed to transform itself from least developed country status into a lower middle income country. During this ...
... in Africa in just over two decades. Cape Verde has transformed itself from one of the poorest countries in the world to one of the fastest growing economies in Africa. In that time, it has managed to transform itself from least developed country status into a lower middle income country. During this ...
Economic Diversification in LICs: Stylized Facts and Macroeconomic
... toward manufacturing. LICs still remain largely specialized in agriculture and other resourcebased activities with limited potential for quality upgrading. In their case, structural transformation will inevitably involve diversification, both in terms of domestic production and, given small domestic ...
... toward manufacturing. LICs still remain largely specialized in agriculture and other resourcebased activities with limited potential for quality upgrading. In their case, structural transformation will inevitably involve diversification, both in terms of domestic production and, given small domestic ...
"Household Debt and Business Cycles Worldwide"
... Our methodological point of departure from the above literature is that we focus on estimating the unconditional relation between changes in household debt and subsequent GDP growth, while earlier work focuses on the effect of increases in credit on recession severity conditional on having a recess ...
... Our methodological point of departure from the above literature is that we focus on estimating the unconditional relation between changes in household debt and subsequent GDP growth, while earlier work focuses on the effect of increases in credit on recession severity conditional on having a recess ...
Household Debt and Business Cycles Worldwide
... Our methodological point of departure from the above literature is that we focus on estimating the unconditional relation between changes in household debt and subsequent GDP growth, while earlier work focuses on the effect of increases in credit on recession severity conditional on having a recess ...
... Our methodological point of departure from the above literature is that we focus on estimating the unconditional relation between changes in household debt and subsequent GDP growth, while earlier work focuses on the effect of increases in credit on recession severity conditional on having a recess ...
View/Open - UNAM Scholarly Repository
... Potential output is defined as an estimate of “full –employment” gross domestic product or the level of GDP attainable when the economy is operating at a high rate of resource use (Robert, 2004). It can also be defined as the level of output consistent with a stable inflation rate and low unemployme ...
... Potential output is defined as an estimate of “full –employment” gross domestic product or the level of GDP attainable when the economy is operating at a high rate of resource use (Robert, 2004). It can also be defined as the level of output consistent with a stable inflation rate and low unemployme ...
economic contributions of singapore`s creative industries
... The advertising industry has a high output multiplier of 1.63 due to its usage of various media for its campaigns. The cinema services has the highest output multiplier of 1.78 among all the creative industries due to the extensive outsourcing of production needs, i.e. existing media products, accom ...
... The advertising industry has a high output multiplier of 1.63 due to its usage of various media for its campaigns. The cinema services has the highest output multiplier of 1.78 among all the creative industries due to the extensive outsourcing of production needs, i.e. existing media products, accom ...
Framing ASCC Post-2015 The Way Forward
... RCEP discussions have gone beyond the areas of goods, services and investment. To advance negotiations in order to conclude a comprehensive outcome, discussions also cover competition policy, intellectual property, economic and technical cooperation and dispute settlement. ...
... RCEP discussions have gone beyond the areas of goods, services and investment. To advance negotiations in order to conclude a comprehensive outcome, discussions also cover competition policy, intellectual property, economic and technical cooperation and dispute settlement. ...
The Shadow Economy and Work in the Shadow: What Do We
... In addition to the studies by Merz and Wolff (1993), Feld and Larsen (2005, 2008, 2009), Haigner et al. (2011) and Enste and Schneider (2006) for Germany, the survey method has been applied in the Nordic countries and Great Britain (Isachsen and Strøm 1985, Pedersen 2003) as well as in the Netherlan ...
... In addition to the studies by Merz and Wolff (1993), Feld and Larsen (2005, 2008, 2009), Haigner et al. (2011) and Enste and Schneider (2006) for Germany, the survey method has been applied in the Nordic countries and Great Britain (Isachsen and Strøm 1985, Pedersen 2003) as well as in the Netherlan ...
The Maastricht Inflation Criterion: How Unpleasant Is Purgatory?
... Unlike the old EU member countries, which were mimicking the then “engine of Europe,” Germany, and the most credible central bank, the NMCs are asked to match the performance of three countries that have in common only that they are in the downturn phase of their business cycles. A tight one-year in ...
... Unlike the old EU member countries, which were mimicking the then “engine of Europe,” Germany, and the most credible central bank, the NMCs are asked to match the performance of three countries that have in common only that they are in the downturn phase of their business cycles. A tight one-year in ...
296
... distortions and more broadly whether they are harmful or useful for state economies (Saiz 2001, Burnier 1992). The increasing interest in the role of American state and local governments in economic development is reflected “in the emergence of new journals like Economic Development Quarterly, whic ...
... distortions and more broadly whether they are harmful or useful for state economies (Saiz 2001, Burnier 1992). The increasing interest in the role of American state and local governments in economic development is reflected “in the emergence of new journals like Economic Development Quarterly, whic ...
Chapter 2. Can Fiscal Policy Stabilize Output?
... How Fiscal Policy Influences Economic Activity To stabilize output in the near term, governments can affect economic activity and jobs by influencing domestic demand for goods and services.2 They can do this directly by changing public investment and consumption or indirectly by adjusting taxes and ...
... How Fiscal Policy Influences Economic Activity To stabilize output in the near term, governments can affect economic activity and jobs by influencing domestic demand for goods and services.2 They can do this directly by changing public investment and consumption or indirectly by adjusting taxes and ...
Labour Market
... • Queues, uneconomic production and unwanted goods can be eliminated quickly – If macroeconomic and structural conditions are right – quick recovery – The macroeconomic discipline works – without low inflation no long-term growth • Don’t forget on microeconomic view – the Czech Case 19951997 – Essen ...
... • Queues, uneconomic production and unwanted goods can be eliminated quickly – If macroeconomic and structural conditions are right – quick recovery – The macroeconomic discipline works – without low inflation no long-term growth • Don’t forget on microeconomic view – the Czech Case 19951997 – Essen ...
Executive Summary
... countries like Singapore and Hong Kong in terms of its openness to global markets. The UAE has the 6th highest business start-up expectation rate amongst GEM countries with 43% of the UAE population considering to start their own business within the next three years – this jumps to 52% for people ag ...
... countries like Singapore and Hong Kong in terms of its openness to global markets. The UAE has the 6th highest business start-up expectation rate amongst GEM countries with 43% of the UAE population considering to start their own business within the next three years – this jumps to 52% for people ag ...
The Economic Contribution of Copyright-Based Industries in
... 2.1.General Evaluation of the Main Indicators of the Russian Economy 2.1.1. Principal Indicators Showing Economic Development in the Russian Federation 2.1.2. General Outline of GDP Growth 2.1.3. Analysis of Employment in Russia 2.1.4. Analysis of the Number of Enterprises and Organizations in the R ...
... 2.1.General Evaluation of the Main Indicators of the Russian Economy 2.1.1. Principal Indicators Showing Economic Development in the Russian Federation 2.1.2. General Outline of GDP Growth 2.1.3. Analysis of Employment in Russia 2.1.4. Analysis of the Number of Enterprises and Organizations in the R ...
The Impact of Corruption on Economic Growth in Lebanon
... allocate public resources less on the basis of social welfare than according to opportunities for extorting bribes. Mauro (1998) argues that corruption also lowers the quality of infrastructure projects and pubic services. This will not only reduce economic growth and investment, but also affects th ...
... allocate public resources less on the basis of social welfare than according to opportunities for extorting bribes. Mauro (1998) argues that corruption also lowers the quality of infrastructure projects and pubic services. This will not only reduce economic growth and investment, but also affects th ...
PDF
... over the medium term. For example, the nature of corporate taxation arrangements can in£uence private sector investment spending, while personal income tax and social security arrangements can in£uence the incentives facing individuals to actively seek or remain in employment. A third argument in fa ...
... over the medium term. For example, the nature of corporate taxation arrangements can in£uence private sector investment spending, while personal income tax and social security arrangements can in£uence the incentives facing individuals to actively seek or remain in employment. A third argument in fa ...
- users.monash.edu.au
... tourism industries. For small island economies with largely international service, the UNWTO estimates that up to 40 percent of their GDP and jobs can be generated by Travel & Tourism. The United Nations World Tourism Organisation (UNWTO) believes that tourism can help to reduce world poverty, espec ...
... tourism industries. For small island economies with largely international service, the UNWTO estimates that up to 40 percent of their GDP and jobs can be generated by Travel & Tourism. The United Nations World Tourism Organisation (UNWTO) believes that tourism can help to reduce world poverty, espec ...
TARGET Bank of England and The Times Interest Rate Challenge
... The competition offers students a great opportunity to broaden their understanding of monetary policy and how it relates to the economy as a whole. You will learn about how interest rates affect inflation and what matters when making interest rate decisions – what information the Monetary Policy Com ...
... The competition offers students a great opportunity to broaden their understanding of monetary policy and how it relates to the economy as a whole. You will learn about how interest rates affect inflation and what matters when making interest rate decisions – what information the Monetary Policy Com ...
IOSR Journal Of Humanities And Social Science (IOSR-JHSS)
... This leads us to one of the principal critiques of inflation targeting: this approach to monetary policy presumes that maintaining low inflation (often very low rates of inflation) will necessarily contribute to faster growth and more rapid development. For this argument to be justified, we must be ...
... This leads us to one of the principal critiques of inflation targeting: this approach to monetary policy presumes that maintaining low inflation (often very low rates of inflation) will necessarily contribute to faster growth and more rapid development. For this argument to be justified, we must be ...
Risk Management for Monetary Policy Near the Zero Lower Bound
... in the size of the balance sheet or in the amount of time spent in a very low interest rate environment.5 Accordingly, policies that had wide-spread support early on in a ZLB episode might be difficult to extend or expand with an already large balance sheet. So, while valuable, unconventional polici ...
... in the size of the balance sheet or in the amount of time spent in a very low interest rate environment.5 Accordingly, policies that had wide-spread support early on in a ZLB episode might be difficult to extend or expand with an already large balance sheet. So, while valuable, unconventional polici ...
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).