Country Program Evaluation
... Since gaining independence in 1966, the country has maintained a stable and healthy democracy. 2 Indeed, different sources point to the existence of a tradition of effective governance, low corruption, and well-functioning public institutions 3 that compare favorably with other Caribbean islands in ...
... Since gaining independence in 1966, the country has maintained a stable and healthy democracy. 2 Indeed, different sources point to the existence of a tradition of effective governance, low corruption, and well-functioning public institutions 3 that compare favorably with other Caribbean islands in ...
CHAPTER 7: Long-Run and Short
... The two features immediately clear when you examine the trend in productivity in the United States over the past fifty years are: a. An upward trend and fairly sizable fluctuations around that trend. b. An upward trend and relatively small fluctuations around that trend. c. A downward trend and fair ...
... The two features immediately clear when you examine the trend in productivity in the United States over the past fifty years are: a. An upward trend and fairly sizable fluctuations around that trend. b. An upward trend and relatively small fluctuations around that trend. c. A downward trend and fair ...
Euro-indicators Working Group - United Nations Statistics Division
... growth rates of main branches output continued to fall (known only for May), almost all leading indicators showed ascending trends with the exception of CLI by OECD October 2010 (last month of vintages statistics available) only CLI by DC shows a turning points, all others indicate stabilization o ...
... growth rates of main branches output continued to fall (known only for May), almost all leading indicators showed ascending trends with the exception of CLI by OECD October 2010 (last month of vintages statistics available) only CLI by DC shows a turning points, all others indicate stabilization o ...
Can Great Depression Theories Explain the Great Recession?
... The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of the ...
... The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of the ...
an economic analysis of unemployment in trinidad and tobago
... (VAT), higher user charges and limits on the financing of the public sector deficit by the banking system), price policy measures (the removal of a number of items under price control and the removal of or reduction in subsidies), monetary policy measures (limits on Central Bank advances to commerci ...
... (VAT), higher user charges and limits on the financing of the public sector deficit by the banking system), price policy measures (the removal of a number of items under price control and the removal of or reduction in subsidies), monetary policy measures (limits on Central Bank advances to commerci ...
M o n e t a r y P... C o n t e n t s 1 August 1998
... house prices falling 40 percent, or New Zealand suffering a ...
... house prices falling 40 percent, or New Zealand suffering a ...
- Central Bank of Solomon Islands
... sustainable output of an economy. It is useful in several aspects. First, it acts as an indicator of the balance between aggregate demand and aggregate supply in the economy. A negative output gap suggests aggregate demand is below aggregate supply and resources are underutilized thus, there tends t ...
... sustainable output of an economy. It is useful in several aspects. First, it acts as an indicator of the balance between aggregate demand and aggregate supply in the economy. A negative output gap suggests aggregate demand is below aggregate supply and resources are underutilized thus, there tends t ...
Advertising results in economic growth – A new
... scholars on the amount of work presented by each realm, it seems that the conclusions that show mixed attitude are the biggest in numbers. In addition to classification, Kopf et al. (2011) with the help of expanded endogenous growth theory, proposed by Romer (1990), established the existence of a re ...
... scholars on the amount of work presented by each realm, it seems that the conclusions that show mixed attitude are the biggest in numbers. In addition to classification, Kopf et al. (2011) with the help of expanded endogenous growth theory, proposed by Romer (1990), established the existence of a re ...
PDF
... An economy operating at full employment will have the full multiplier effect for all jobs created. It is important to no~e that although the new jobs filled by unemployed workers w1ll not stimulate the local economy by a full multiplier effect, they are included to the full extent when calculating t ...
... An economy operating at full employment will have the full multiplier effect for all jobs created. It is important to no~e that although the new jobs filled by unemployed workers w1ll not stimulate the local economy by a full multiplier effect, they are included to the full extent when calculating t ...
03/2015 The Impacts of the 2008 Global Financial Crisis most affected countries
... There is always some arbitrariness in selecting a set of countries on which comparable and meaningful research can be conducted. Here, we attempt to overcome this problem by only focusing on relatively big countries that were hit hardest by the crisis in terms of GDP growth. To this end, all countri ...
... There is always some arbitrariness in selecting a set of countries on which comparable and meaningful research can be conducted. Here, we attempt to overcome this problem by only focusing on relatively big countries that were hit hardest by the crisis in terms of GDP growth. To this end, all countri ...
Transforming Competitiveness in European Transition Economies: The Role of Foreign Direct Investment
... During the past several years the debate in the transition economies shifted from stabilization and recovery to growth and convergence. The aim of this paper is to illustrate the growing importance of investment liberalization for the transition economies in Europe in achieving convergence and its s ...
... During the past several years the debate in the transition economies shifted from stabilization and recovery to growth and convergence. The aim of this paper is to illustrate the growing importance of investment liberalization for the transition economies in Europe in achieving convergence and its s ...
Statement March 2015 Contents
... continued uncertainty about the global outlook and US monetary policy, and policy easings by a number of central banks. Trading partner growth in 2015 is expected to continue at a similar pace to 2014. Growth remains robust in the US, but has slowed recently in China. World oil prices are about 50 p ...
... continued uncertainty about the global outlook and US monetary policy, and policy easings by a number of central banks. Trading partner growth in 2015 is expected to continue at a similar pace to 2014. Growth remains robust in the US, but has slowed recently in China. World oil prices are about 50 p ...
Public Investment, Corruption and Growth:
... In analysing the effect of corruption on the varying relationship between public investment and growth for different sets of countries, we draw upon the literature relating corruption and growth pioneered by Mauro (1995). On the basis of cross-country data Mauro finds a significant negative relation ...
... In analysing the effect of corruption on the varying relationship between public investment and growth for different sets of countries, we draw upon the literature relating corruption and growth pioneered by Mauro (1995). On the basis of cross-country data Mauro finds a significant negative relation ...
China's Growth Model: Problems and Alternatives
... China's rapid economic growth process in recent decades has been impressive. However, it also poses a number of serious problems including the environmental sustainability of its growth trajectory, the rising level of inequality, the high degree of exploitation of the migrant labor force, and the we ...
... China's rapid economic growth process in recent decades has been impressive. However, it also poses a number of serious problems including the environmental sustainability of its growth trajectory, the rising level of inequality, the high degree of exploitation of the migrant labor force, and the we ...
Another View on an Old Inflation
... principle that is often -though not adequately- expressed in the dictum “bad money drives out good money”. The phenomenon was probably recognized as early as 404 B.C. by Aristophanes (§718-33), while the issue was first discussed by Oresme (1360). In its complete form it may be stated as follows: W ...
... principle that is often -though not adequately- expressed in the dictum “bad money drives out good money”. The phenomenon was probably recognized as early as 404 B.C. by Aristophanes (§718-33), while the issue was first discussed by Oresme (1360). In its complete form it may be stated as follows: W ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... price controls were necessary to stem “cost-push” inflation. For example, in a 1970 speech, he contended that “[g]overnmental efforts to achieve price stability continue to be thwarted by the continuance of wage increases substantially in excess of productivity gains. . . . The inflation that we are ...
... price controls were necessary to stem “cost-push” inflation. For example, in a 1970 speech, he contended that “[g]overnmental efforts to achieve price stability continue to be thwarted by the continuance of wage increases substantially in excess of productivity gains. . . . The inflation that we are ...
Information Technology Intensity, Diffusion, and Job Creation
... than countries that have a more concentrated pattern of international trade in IT that is more associated with being part of a supply-chain rather than being a significant user of IT. Measurement Through the research, there is often a question of proper measurement of IT, particularly related to qua ...
... than countries that have a more concentrated pattern of international trade in IT that is more associated with being part of a supply-chain rather than being a significant user of IT. Measurement Through the research, there is often a question of proper measurement of IT, particularly related to qua ...
- Munich Personal RePEc Archive
... to see if it would imply that the central bank following NGDP targeting (i.e., targeting NGAP equal to zero) would return EXUR to zero. If we had left off the intercept term and the two terms involving time t, then our regression equations would have forced that conclusion to hold. Therefore, in add ...
... to see if it would imply that the central bank following NGDP targeting (i.e., targeting NGAP equal to zero) would return EXUR to zero. If we had left off the intercept term and the two terms involving time t, then our regression equations would have forced that conclusion to hold. Therefore, in add ...
The Validity of Okuns law in Curacao
... exist between output growth and unemployment in Mexico. Villaverde and Adolfo (2009) confirmed the validity of Okun’s Law in Spanish regions over the period 1980-2004, using the gap version and two detrending methods. They concluded that an inverse relationship existed between unemployment and outpu ...
... exist between output growth and unemployment in Mexico. Villaverde and Adolfo (2009) confirmed the validity of Okun’s Law in Spanish regions over the period 1980-2004, using the gap version and two detrending methods. They concluded that an inverse relationship existed between unemployment and outpu ...
Nudging the Fed Toward a Rules-Based Policy
... target the nominal fed funds rate (see Taylor 1993). Key Fed officials also oppose instrument rules, which they suggest do not provide adequate flexibility. They worry that if the natural rate of interest and/or the natural rate of unemployment change, then the Taylor rule could lead to a suboptimal ...
... target the nominal fed funds rate (see Taylor 1993). Key Fed officials also oppose instrument rules, which they suggest do not provide adequate flexibility. They worry that if the natural rate of interest and/or the natural rate of unemployment change, then the Taylor rule could lead to a suboptimal ...
Endogenous in Uncertainty and optimal Monetary Policy
... of possible future deviations between predicted and actual endogenous variables influences present demand for goods and the present price-setting behavior of firms, in addition to the influence of expected future inflation and output already contained in the linear model equations of the new neoclas ...
... of possible future deviations between predicted and actual endogenous variables influences present demand for goods and the present price-setting behavior of firms, in addition to the influence of expected future inflation and output already contained in the linear model equations of the new neoclas ...
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).