$doc.title
... They argue that more aggressive Japanese monetary expansion would have lowered real rates by raising inflation expectations or that it would have stimulated exports by causing the yen to depreciate in foreign exchange markets. Nonetheless, this argument for positive inflation may well have influence ...
... They argue that more aggressive Japanese monetary expansion would have lowered real rates by raising inflation expectations or that it would have stimulated exports by causing the yen to depreciate in foreign exchange markets. Nonetheless, this argument for positive inflation may well have influence ...
Turning Points: Business Cycles in Canada since 1926
... at the NBER with the Great Depression. In 1930, the US government asked the NBER if there were signs of economic recovery. Burns and Mitchell responded with work that was later published under the titles “Statistical Indicators of Cyclical Revivals” in 1938 and “Measuring Business Cycles” in 1946. T ...
... at the NBER with the Great Depression. In 1930, the US government asked the NBER if there were signs of economic recovery. Burns and Mitchell responded with work that was later published under the titles “Statistical Indicators of Cyclical Revivals” in 1938 and “Measuring Business Cycles” in 1946. T ...
On Measuring the Effects of Fiscal Policy in Recessions*
... When the Obama Administration came into office in January 2009, the US economy had been in a recession for more than a year and real GDP was falling at a 6 percent annual rate. The Federal Reserve’s target for the interest rate on Federal funds was at the zero lower bound, so that conventional moneta ...
... When the Obama Administration came into office in January 2009, the US economy had been in a recession for more than a year and real GDP was falling at a 6 percent annual rate. The Federal Reserve’s target for the interest rate on Federal funds was at the zero lower bound, so that conventional moneta ...
ge11 Fisher2 15044642 en
... Within a few weeks of the onset of the financial crisis in 2008, the world economy had plunged into a severe global recession. The volume of international trade contracted sharply, and the world economy did not grow in 2009 for the first time since World War II. Many governments reacted with program ...
... Within a few weeks of the onset of the financial crisis in 2008, the world economy had plunged into a severe global recession. The volume of international trade contracted sharply, and the world economy did not grow in 2009 for the first time since World War II. Many governments reacted with program ...
BUOYANT ECONOMIES FINANCIAL SYSTEMS INQUIRY
... Since 1973, Australia's rate of economic growth has averaged about 3 per cent. It has fallen below that rate in both the 1982 and the 1990 recessions. A similar change in the rate of economic growth was also recorded in other economies. For example, the United States of America (USA) recorded a decl ...
... Since 1973, Australia's rate of economic growth has averaged about 3 per cent. It has fallen below that rate in both the 1982 and the 1990 recessions. A similar change in the rate of economic growth was also recorded in other economies. For example, the United States of America (USA) recorded a decl ...
Economic Impact of GM Operations in Oshawa
... the Canadian economy. This report assesses the economic implications of shutting down production at GM Canada's Oshawa facility using the C4SE's Provincial Economic Modeling System. This is assumed to lead to a direct loss of 4,100 jobs, currently producing 325,000 passenger vehicles and generating ...
... the Canadian economy. This report assesses the economic implications of shutting down production at GM Canada's Oshawa facility using the C4SE's Provincial Economic Modeling System. This is assumed to lead to a direct loss of 4,100 jobs, currently producing 325,000 passenger vehicles and generating ...
The Relationship between Education and Foreign Direct Investment
... was concentrated on market and resource seeking (Miyamoto, 2003). Thus, demand for higher-educated labour appears to be less crucial during this period. None of this reaserch divides the education level in diffent income cathgories and searches the inverse U-shape argument of ZM. Noorbakhsh et al. ( ...
... was concentrated on market and resource seeking (Miyamoto, 2003). Thus, demand for higher-educated labour appears to be less crucial during this period. None of this reaserch divides the education level in diffent income cathgories and searches the inverse U-shape argument of ZM. Noorbakhsh et al. ( ...
Remarks by Governor Ben S. Bernanke At the meetings of the
... The ultimate source of this long-run tradeoff is the existence of shocks to aggregate supply. Consider the canonical example of an aggregate supply shock, a sharp rise in oil prices caused by disruptions to foreign sources of supply. According to conventional analysis, an increase in the price of oi ...
... The ultimate source of this long-run tradeoff is the existence of shocks to aggregate supply. Consider the canonical example of an aggregate supply shock, a sharp rise in oil prices caused by disruptions to foreign sources of supply. According to conventional analysis, an increase in the price of oi ...
Dollarization in Latin America Barry Comerford, Emmet Ryan and Marton Gyongyosi
... demonstrated that its currency board system, supported by a resolute political will, has the potential to withstand adverse market shocks. We consider the alternatives to dollarization here, because, in terms of currency regime, what is best for the countries of Latin America is a regime, which allo ...
... demonstrated that its currency board system, supported by a resolute political will, has the potential to withstand adverse market shocks. We consider the alternatives to dollarization here, because, in terms of currency regime, what is best for the countries of Latin America is a regime, which allo ...
Vulnerability and causes of fragility in Haiti
... liberalisation has had negative impact on economic performance.5 From 1990–2005, Haiti’s economic performance was negative, with -2 percent GDP growth per capita (and negative at -2.2 percent from 1970– 2005).6 The lowering of import tariffs has helped to diminish state incomes, which have only been ...
... liberalisation has had negative impact on economic performance.5 From 1990–2005, Haiti’s economic performance was negative, with -2 percent GDP growth per capita (and negative at -2.2 percent from 1970– 2005).6 The lowering of import tariffs has helped to diminish state incomes, which have only been ...
Eurozone: increasing uncertainty weighs on growth
... In 4Q15, activity grew at the steady rate of 0.3% QoQ (revised upwards by 0.1 pp), despite the negative impact of the terrorist attacks on private consumption and the negative effect of net exports, driven mainly by consumption and public and private investment. As in the eurozone, the strength ...
... In 4Q15, activity grew at the steady rate of 0.3% QoQ (revised upwards by 0.1 pp), despite the negative impact of the terrorist attacks on private consumption and the negative effect of net exports, driven mainly by consumption and public and private investment. As in the eurozone, the strength ...
the value of two survey-based indicators in south africa
... mood”, the index should provide leading information of economic conditions as an optimistic business mood is likely to translate into increased stockpiling and fixed investment down the line, feeding into more lively general economic conditions (the converse would be true in the event of a pessimist ...
... mood”, the index should provide leading information of economic conditions as an optimistic business mood is likely to translate into increased stockpiling and fixed investment down the line, feeding into more lively general economic conditions (the converse would be true in the event of a pessimist ...
1997-40
... In 1987 it was still nearly 8 per cent.2 2Real interest rates have been estimated in the conventional manner by adjusting nominal interest rates for the actual rate of inflation over the preceding year, as measured by the consumer price index This procedure can be criticised, of course, for its impl ...
... In 1987 it was still nearly 8 per cent.2 2Real interest rates have been estimated in the conventional manner by adjusting nominal interest rates for the actual rate of inflation over the preceding year, as measured by the consumer price index This procedure can be criticised, of course, for its impl ...
The macroeconomic effects of a pandemic in Europe
... To calculate the economic effects on the EU of a future pandemic, we adopt the severe scenario from the CBO report. Thus, we assume a pandemic in Europe to have a morbidity rate of 30 per cent and a mortality rate of 2.5 per cent. We also assume that the number of weeks off work due to the pandemic ...
... To calculate the economic effects on the EU of a future pandemic, we adopt the severe scenario from the CBO report. Thus, we assume a pandemic in Europe to have a morbidity rate of 30 per cent and a mortality rate of 2.5 per cent. We also assume that the number of weeks off work due to the pandemic ...
F
... world with lump-sum taxes, as suggested by Milton Friedman’s (1969) classic paper. But Phelps’s (1973) equally classic work suggests that some positive amount of inflation may be appropriate when distortionary taxation is necessary. These two articles have spawned a number of subsequent papers, but ...
... world with lump-sum taxes, as suggested by Milton Friedman’s (1969) classic paper. But Phelps’s (1973) equally classic work suggests that some positive amount of inflation may be appropriate when distortionary taxation is necessary. These two articles have spawned a number of subsequent papers, but ...
NBER WORKING PAPER SERIES DETERMINANTS OF ECONOMIC GROWTH: A CROSS-COUNTRY EMPIRICAL STUDY
... diffusion pertains to the manner in which follower economies share by imitation in these ...
... diffusion pertains to the manner in which follower economies share by imitation in these ...
“Inequality, Uprisings, and Conflict in the Arab World” Middle East
... overall growth in the region has not exceeded three percent for over three years (Table 1.1). In a positive scenario of decreasing tensions in Libya, Iraq, and Syria, together with recovery in the Euro area that could boost external demand, growth in the region could rebound to 4.4 percent in 2016 a ...
... overall growth in the region has not exceeded three percent for over three years (Table 1.1). In a positive scenario of decreasing tensions in Libya, Iraq, and Syria, together with recovery in the Euro area that could boost external demand, growth in the region could rebound to 4.4 percent in 2016 a ...
DyNAMIC MONETARy THEORy AND THE
... inflation, in order to achieve the goal aimed at, would have to accelerate constantly, and accelerating inflation would sooner or later reach a degree that makes all effective order of a market economy impossible. Second, and more important, in the long run such inflation inevitably creates much mor ...
... inflation, in order to achieve the goal aimed at, would have to accelerate constantly, and accelerating inflation would sooner or later reach a degree that makes all effective order of a market economy impossible. Second, and more important, in the long run such inflation inevitably creates much mor ...
Graph 4 - Doku.iab.
... given time series for a large number of variables. An integral element of input-output-modelling is the determination of intermediate demand between industries. Input coefficients represent the relation of intermediate demand to total production. In IAB/INFORGE technological change is identified by ...
... given time series for a large number of variables. An integral element of input-output-modelling is the determination of intermediate demand between industries. Input coefficients represent the relation of intermediate demand to total production. In IAB/INFORGE technological change is identified by ...
Stabilisation Trap - Economic Research Group
... in the long run leads to accelerating inflation. This retards economic growth and ultimately hurts the poor, whom the expansionary policy aims to help in the first place. It has now become an orthodoxy that monetary policy should aim to control inflation only, and an independent central bank free fr ...
... in the long run leads to accelerating inflation. This retards economic growth and ultimately hurts the poor, whom the expansionary policy aims to help in the first place. It has now become an orthodoxy that monetary policy should aim to control inflation only, and an independent central bank free fr ...
Ito Technical Working Paper No. 1
... period and consumers may not borrow against them; or (ii) the government has levied a 100% profits tax (for a discussion and examples of these facilitating assumptions, see Malinvaud [1977], B6hm [1978], ...
... period and consumers may not borrow against them; or (ii) the government has levied a 100% profits tax (for a discussion and examples of these facilitating assumptions, see Malinvaud [1977], B6hm [1978], ...
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).