Economic Insight:
... of household income in overall GDP. Generous increases in the minimum wage (albeit unevenly so across the country), plus recent easing in monetary policy, have both helped to this end. Retail sales rose 15.8% in the year to Q4 2015, the fastest rate since mid-2011, while car sales in the same quarte ...
... of household income in overall GDP. Generous increases in the minimum wage (albeit unevenly so across the country), plus recent easing in monetary policy, have both helped to this end. Retail sales rose 15.8% in the year to Q4 2015, the fastest rate since mid-2011, while car sales in the same quarte ...
Problem Set #1
... b) What would be the effect on the economy of large cuts in Medicaid spending at the federal level? In order to keep the analysis focused on federal fiscal effects, without the complications of state budget effects, assume here that the state portion of Medicaid spending is unchanged, that is, state ...
... b) What would be the effect on the economy of large cuts in Medicaid spending at the federal level? In order to keep the analysis focused on federal fiscal effects, without the complications of state budget effects, assume here that the state portion of Medicaid spending is unchanged, that is, state ...
the new road to serfdom N
... Their only “choice” is to cut back spending in other areas or lose the house—and everything they paid for it—in foreclosure. ...
... Their only “choice” is to cut back spending in other areas or lose the house—and everything they paid for it—in foreclosure. ...
Fiscal Policy in a Depressed Economy Further Thoughts
... “Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.” He insisted that, when the people get an inflation brainstorm, the only way to get it out of their blood is to let it collapse. He held that even a panic was not altogether a bad thing. He said: “It will purge the rot ...
... “Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.” He insisted that, when the people get an inflation brainstorm, the only way to get it out of their blood is to let it collapse. He held that even a panic was not altogether a bad thing. He said: “It will purge the rot ...
Oil shocks in the 1970s and how they had impacted on Hong Kong
... Real GDP recovered strongly in 1976 to a 16.2% growth, thanks to the revival of exports along with the world economic recovery. Second oil price shock in 1979-1980 Real oil prices doubled in 1979 and rose by a further 5% in 1980 to an average of about US$82.4 per barrel (2004 prices), this time trig ...
... Real GDP recovered strongly in 1976 to a 16.2% growth, thanks to the revival of exports along with the world economic recovery. Second oil price shock in 1979-1980 Real oil prices doubled in 1979 and rose by a further 5% in 1980 to an average of about US$82.4 per barrel (2004 prices), this time trig ...
Click here to Ph.D-Entrance-Syllabus
... c) Interest rates and wages d) Price stability & income 46. What is a market failure? a) Something prevents the market to allocate resources efficiently b) Both consumers’ and producer’s surpluses are maximized c) Free market of individuals acting in their own self interest leads to a socially-desir ...
... c) Interest rates and wages d) Price stability & income 46. What is a market failure? a) Something prevents the market to allocate resources efficiently b) Both consumers’ and producer’s surpluses are maximized c) Free market of individuals acting in their own self interest leads to a socially-desir ...
left and right?
... • Can include sectoral support (Kurzarbeit, employment creation), particularly when interest representation pushes for it • But none of the political forces in CEE willing to pursue counter-cyclical policies in the longer term • Includes also a different approach to balancing the budget, more likely ...
... • Can include sectoral support (Kurzarbeit, employment creation), particularly when interest representation pushes for it • But none of the political forces in CEE willing to pursue counter-cyclical policies in the longer term • Includes also a different approach to balancing the budget, more likely ...
3. Policy Lags
... industries operate more efficiently and thereby contribute to a faster rate of growth of real national output Most governments now accept that an improved supply-side performance is the key to achieving sustained economic growth without a rise in inflation. But supply-side reform on its own is not e ...
... industries operate more efficiently and thereby contribute to a faster rate of growth of real national output Most governments now accept that an improved supply-side performance is the key to achieving sustained economic growth without a rise in inflation. But supply-side reform on its own is not e ...
an overview of the nigerian economy
... both the formal and informal sectors, side-by –side. An analysis on sub-sectoral basis showed that in 2006 crops production was predominant and accounted for 89.0 per cent of total production, followed by livestock (6.3%), fishery (3.3%) and forestry (1.1%). The structure of the industrial secto ...
... both the formal and informal sectors, side-by –side. An analysis on sub-sectoral basis showed that in 2006 crops production was predominant and accounted for 89.0 per cent of total production, followed by livestock (6.3%), fishery (3.3%) and forestry (1.1%). The structure of the industrial secto ...
FRBSF E L
... close in on full employment. Nearing our goal means easing up on the gas. By waiting until we’re face-toface with 2% inflation, we could drastically overshoot the mark—winding up in that metaphorical intersection or even fully running the red light. Overshooting our target would force us into a much ...
... close in on full employment. Nearing our goal means easing up on the gas. By waiting until we’re face-toface with 2% inflation, we could drastically overshoot the mark—winding up in that metaphorical intersection or even fully running the red light. Overshooting our target would force us into a much ...
MR. CORRIGAN: Thank you, Mr. Chairman.
... creeping protectionism or national introspection. Consistent with this and whether the argument is made on economic, political, or geopolitical grounds, I can think of few things that are more important on the policy agenda than prompt action to bring China into the World Trade Organization. Finally ...
... creeping protectionism or national introspection. Consistent with this and whether the argument is made on economic, political, or geopolitical grounds, I can think of few things that are more important on the policy agenda than prompt action to bring China into the World Trade Organization. Finally ...
Euro area recovery still lacks momentum
... Commission asks countries with fiscal space to provide extra stimulus in order to compensate for countries that are constrained by debt sustainability considerations. However, the aggregate fiscal stance is not a particularly useful concept since it abstracts from too much relevant information at th ...
... Commission asks countries with fiscal space to provide extra stimulus in order to compensate for countries that are constrained by debt sustainability considerations. However, the aggregate fiscal stance is not a particularly useful concept since it abstracts from too much relevant information at th ...
Slides
... and the United States reduces the incentives toward competition and innovation that would arise from trade and foreign investment ...
... and the United States reduces the incentives toward competition and innovation that would arise from trade and foreign investment ...
Weekly Focus - BIIA.com | Business Information Industry Association
... Argentina – yet another new way to tap the CB for money; Brazil – the “currency war” continues; Myanmar – heading for a unified exchange rate and a currency float; Vietnam – lower interest rates and plans for bank mergers; Zimbabwe – starting to enforce indigenization aggressively. BELARUS The Belar ...
... Argentina – yet another new way to tap the CB for money; Brazil – the “currency war” continues; Myanmar – heading for a unified exchange rate and a currency float; Vietnam – lower interest rates and plans for bank mergers; Zimbabwe – starting to enforce indigenization aggressively. BELARUS The Belar ...
... This increase does not seem to have been caused by the economic slowdown, however, since at the same time there was a small rise in the employment rate from 58.9% to 59.0%. Rather, it was an increase in the participation rate (from 61.8% to 62.2%) that drove the unemployment rate higher. The minimum ...
The U.S. Economy: A Global View
... GDP Growth vs Population Growth Average Growth Rate (2000–2007) of GDP Population Per Capita GDP High-income countries United States Canada Japan France ...
... GDP Growth vs Population Growth Average Growth Rate (2000–2007) of GDP Population Per Capita GDP High-income countries United States Canada Japan France ...
The Facts Of The Japanese Financial Crisis
... policy response is taken, there will be danger of a deflationary spiral and economic stagnation. This kind of EBC crisis, because it is so different from an ordinary business cycle, will not have a self-correcting force to recover under the existing regime, and to maintain the economic system itsel ...
... policy response is taken, there will be danger of a deflationary spiral and economic stagnation. This kind of EBC crisis, because it is so different from an ordinary business cycle, will not have a self-correcting force to recover under the existing regime, and to maintain the economic system itsel ...
GDP Growth, the Unemployment Rate, and Okun`s Law
... ince June 2009, when the most recent recession ended, the unemployment rate has declined only 0.4 percentage point, from 9.5 percent to 9.1 percent. Over the same two-year period, real gross domestic product (GDP) has grown at an annual rate of 2.4 percent. This estimate is in line with many analyst ...
... ince June 2009, when the most recent recession ended, the unemployment rate has declined only 0.4 percentage point, from 9.5 percent to 9.1 percent. Over the same two-year period, real gross domestic product (GDP) has grown at an annual rate of 2.4 percent. This estimate is in line with many analyst ...
available here
... • With the current debt crisis in several EU countries, low GDP growth rates and oil prices and high debt levels in several MED countries, fiscal policy is for sure not a policy option anymore due to limited fiscal space • Also with fixed exchange rates, monetary policy is not a policy option in ma ...
... • With the current debt crisis in several EU countries, low GDP growth rates and oil prices and high debt levels in several MED countries, fiscal policy is for sure not a policy option anymore due to limited fiscal space • Also with fixed exchange rates, monetary policy is not a policy option in ma ...
Recession and recovery
... The recession was the ‘deepest’ recession (in terms of lost output) in the UK since quarterly data were first published in 1955. Actual growth in 2009 saw the sharpest fall in GDP (-5.0%) in a calendar year since official figures began in 1949 and the highest fall since 1931, excluding the recession ...
... The recession was the ‘deepest’ recession (in terms of lost output) in the UK since quarterly data were first published in 1955. Actual growth in 2009 saw the sharpest fall in GDP (-5.0%) in a calendar year since official figures began in 1949 and the highest fall since 1931, excluding the recession ...
ECON 3080-002 Intermediate Macroeconomic Theory
... 1. Building on Monetarism, economists such as Robert Lucas, argue that monetary and fiscal policy can only affect the "real" portion of the economy when their use is unexpected. Since it is thought that policy changes cannot be kept secret in the modern economy, New Classical economists concluded th ...
... 1. Building on Monetarism, economists such as Robert Lucas, argue that monetary and fiscal policy can only affect the "real" portion of the economy when their use is unexpected. Since it is thought that policy changes cannot be kept secret in the modern economy, New Classical economists concluded th ...
Some thoughts on unemployment
... that investment is autonomous. Despite the long-term benefit of capital investment, it may not be undertaken if the prevailing rate of return on that investment is less than the earnings obtainable in financial markets. This is much more likely to occur when the economy is propped up with near zero ...
... that investment is autonomous. Despite the long-term benefit of capital investment, it may not be undertaken if the prevailing rate of return on that investment is less than the earnings obtainable in financial markets. This is much more likely to occur when the economy is propped up with near zero ...
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).