western union tax impact 122215
... workers decide to simply remain home rather than work. A more realistic view is that remittance recipients who are young use the funds to stop working and attend school, or to spend more time raising their children. Older workers may stop working and instead depend upon remittances as a supplement t ...
... workers decide to simply remain home rather than work. A more realistic view is that remittance recipients who are young use the funds to stop working and attend school, or to spend more time raising their children. Older workers may stop working and instead depend upon remittances as a supplement t ...
Fiscal Policy and the Business Cycle
... The budgetary balance can be thought of as having two components: one cyclical and one cyclically-adjusted. The cyclical component reflects the state of the business cycle (i.e.: whether actual output is above or below potential output), while the cyclicallyadjusted balance attempts to measure what ...
... The budgetary balance can be thought of as having two components: one cyclical and one cyclically-adjusted. The cyclical component reflects the state of the business cycle (i.e.: whether actual output is above or below potential output), while the cyclicallyadjusted balance attempts to measure what ...
chapter overview
... The multiplier concept can be demonstrated effectively by a role-playing exercise in which you have students pretend that one row (group) of students are construction workers who benefit from a $1 million increase in investment spending. (Some instructors use an oversized paper $1-million bill.) If ...
... The multiplier concept can be demonstrated effectively by a role-playing exercise in which you have students pretend that one row (group) of students are construction workers who benefit from a $1 million increase in investment spending. (Some instructors use an oversized paper $1-million bill.) If ...
C Forecast of macroeconomic indicators
... Czech energy is given up to 2050. The conception allows for higher use of nuclear and renewable energies and for breaking the extraction limits. The conception will include also Programme of the Czech Republic’s Energy Resistance representing a response to recent dropout in Russian gas supplies. The ...
... Czech energy is given up to 2050. The conception allows for higher use of nuclear and renewable energies and for breaking the extraction limits. The conception will include also Programme of the Czech Republic’s Energy Resistance representing a response to recent dropout in Russian gas supplies. The ...
Note: Figures in some tables may not add up to the total published
... Table B and Figure 4 show the year-on-year quarterly GDP/GVA growth rates based on unadjusted data and the quarter-to-quarter growth rates based on seasonally adjusted data for the first quarter 2011 to the fourth quarter 2015. As indicated earlier, while the year-on-year growth rates can be used to ...
... Table B and Figure 4 show the year-on-year quarterly GDP/GVA growth rates based on unadjusted data and the quarter-to-quarter growth rates based on seasonally adjusted data for the first quarter 2011 to the fourth quarter 2015. As indicated earlier, while the year-on-year growth rates can be used to ...
The Fiscal Policy Strategy Statement
... enhancement of Capital component of its expenditure by various Ministries/Departments. The results are likely to be seen from Budget 2017-18. The Revenue deficit for 2017-18 and 2018-19 have accordingly been projected in line with the FRBM Act mandated limit of 2 per cent of GDP. 22. The Effective R ...
... enhancement of Capital component of its expenditure by various Ministries/Departments. The results are likely to be seen from Budget 2017-18. The Revenue deficit for 2017-18 and 2018-19 have accordingly been projected in line with the FRBM Act mandated limit of 2 per cent of GDP. 22. The Effective R ...
Standard Shocks in the OECD Interlink Model
... exports. This means that the effects, at least initially, are much more substantial than if only one country expands demand (Table 1). Another example is an oil price increase, which adversely affects output in most OECD countries (except for net exporters of oil such as Canada, Mexico and Norway). ...
... exports. This means that the effects, at least initially, are much more substantial than if only one country expands demand (Table 1). Another example is an oil price increase, which adversely affects output in most OECD countries (except for net exporters of oil such as Canada, Mexico and Norway). ...
People`s Republic of China: 2015 IV Consultation
... which is testament to its record of successful reforms and development policies. But the country is far from rich: per capita income (PPP basis) was 24 percent of the U.S. level in 2014, and 14 percent in U.S. dollar terms. Thus, China still has considerable room to grow and catch-up to advanced eco ...
... which is testament to its record of successful reforms and development policies. But the country is far from rich: per capita income (PPP basis) was 24 percent of the U.S. level in 2014, and 14 percent in U.S. dollar terms. Thus, China still has considerable room to grow and catch-up to advanced eco ...
NBER WORKING PAPER SERIES AND THE REAL EXCHANGE RATE
... the increase in consumption, fails to account for the observed real depreciation of the exchange rate that follows an increase in public consumption. Within this framework, an increase in government purchases produces an expansion in aggregate demand that drives interest rates up. In turn, the eleva ...
... the increase in consumption, fails to account for the observed real depreciation of the exchange rate that follows an increase in public consumption. Within this framework, an increase in government purchases produces an expansion in aggregate demand that drives interest rates up. In turn, the eleva ...
The underground economy is a general name for many kinds of
... economy. This rules out a study of home production for home consumption, yet the line between home production and third-party consumption depends upon the alternative opportunities for the two parties. Home production will become profit-making production when the price is right. At present, statisti ...
... economy. This rules out a study of home production for home consumption, yet the line between home production and third-party consumption depends upon the alternative opportunities for the two parties. Home production will become profit-making production when the price is right. At present, statisti ...
Sample Chapter 2 (PDF, 28 Pages
... The economic data used by the C.D. Howe are collected by Statistics Canada, the Canadian federal statistical agency. Statistics Canada is generally considered to be one of the best statistical offices in the world. It provides estimates of macroeconomic variables fairly quickly and the estimates are ...
... The economic data used by the C.D. Howe are collected by Statistics Canada, the Canadian federal statistical agency. Statistics Canada is generally considered to be one of the best statistical offices in the world. It provides estimates of macroeconomic variables fairly quickly and the estimates are ...
- National Bureau of Economic Research
... percent of its revenues. During its fifty-one years of existence, the system has had only six years with a positive balance and has therefore placed significant financial pressure on other programs. Although, by law, every branch of insurance at IMSS should be self-financing, it has been a common pr ...
... percent of its revenues. During its fifty-one years of existence, the system has had only six years with a positive balance and has therefore placed significant financial pressure on other programs. Although, by law, every branch of insurance at IMSS should be self-financing, it has been a common pr ...
A Forecast assumptions
... Estimate.................................................................... prognosis of past numbers, which were not available on various grounds in time of elaborating the paper, e.g. previous quarter’s GDP Forecast .................................................................... prognosis of ...
... Estimate.................................................................... prognosis of past numbers, which were not available on various grounds in time of elaborating the paper, e.g. previous quarter’s GDP Forecast .................................................................... prognosis of ...
Reforming public expenditure in industrialised countries: are
... small reduction gives the impression that little happened over the two decades. This, however, is a wrong impression because, as we shall show, major changes occurred within these two decades. We shall highlight some of the important changes. The first change worth highlighting is the significant r ...
... small reduction gives the impression that little happened over the two decades. This, however, is a wrong impression because, as we shall show, major changes occurred within these two decades. We shall highlight some of the important changes. The first change worth highlighting is the significant r ...
Benefits and Costs of Higher Capital Requirements
... experienced a crisis that had built up in the aftermath of the collapse of the bubble economy in the late 1980s. The “mother of all postwar banking crises,” however, has turned out to be that associated with the Great Recession. In 2007–08, 16 industrial countries experienced banking crises, account ...
... experienced a crisis that had built up in the aftermath of the collapse of the bubble economy in the late 1980s. The “mother of all postwar banking crises,” however, has turned out to be that associated with the Great Recession. In 2007–08, 16 industrial countries experienced banking crises, account ...
expenditure plans and real gdp
... • The Basic Idea of the Multiplier – The initial increase in investment brings an even bigger increase in aggregate expenditure because it encourages an increase in consumption expenditure. – The multiplier determines the amount of the increase in aggregate expenditure that results from an increase ...
... • The Basic Idea of the Multiplier – The initial increase in investment brings an even bigger increase in aggregate expenditure because it encourages an increase in consumption expenditure. – The multiplier determines the amount of the increase in aggregate expenditure that results from an increase ...
The Data of Macroeconomics
... the labor force in a year of economic expansion than in a year of economic contraction. Because the condition of the overall economy profoundly affects all of us, changes in economic conditions are widely reported by the media. Indeed, it is hard to pick up a newspaper without seeing some newly repo ...
... the labor force in a year of economic expansion than in a year of economic contraction. Because the condition of the overall economy profoundly affects all of us, changes in economic conditions are widely reported by the media. Indeed, it is hard to pick up a newspaper without seeing some newly repo ...
Introduction to Macroeconomics
... In line with modern macroeconomics microfounded important role for expectations analyzed in general equilibrium But much simpler one or two periods instead of infinity, less formal We will Analyze separately major markets: goods (consumption, investment) labour money Put them together to form genera ...
... In line with modern macroeconomics microfounded important role for expectations analyzed in general equilibrium But much simpler one or two periods instead of infinity, less formal We will Analyze separately major markets: goods (consumption, investment) labour money Put them together to form genera ...
5. Mauritius: An Economic Success Story
... Introduction: Anatomy of the Mauritian Miracle Defying the predictions of James Meade, a Nobel Prize recipient in economics who famously predicted a dismal future for Mauritius in 1961 due to its vulnerabilities to weather and price shocks and lack of job opportunities outside the sugar sector, the ...
... Introduction: Anatomy of the Mauritian Miracle Defying the predictions of James Meade, a Nobel Prize recipient in economics who famously predicted a dismal future for Mauritius in 1961 due to its vulnerabilities to weather and price shocks and lack of job opportunities outside the sugar sector, the ...
fiscal policy in an expectations driven liquidity trap
... A fundamental liquidity traps may occur when a large economic shock causes sufficient deflation such that the ZLB on the short term nominal interest rate becomes binding. One example of such a deflationary shock is a taste shock affecting households preferences for current vs. future consumption. W ...
... A fundamental liquidity traps may occur when a large economic shock causes sufficient deflation such that the ZLB on the short term nominal interest rate becomes binding. One example of such a deflationary shock is a taste shock affecting households preferences for current vs. future consumption. W ...
What Caused The Great Moderation?
... of large adverse events hitting several countries simultaneously and causing widespread volatility. In other words, good luck is the result of the absence of bad luck. When it comes to bad luck, many analysts focus on oil price supply shocks as prime examples. Two particularly large oil price shocks ...
... of large adverse events hitting several countries simultaneously and causing widespread volatility. In other words, good luck is the result of the absence of bad luck. When it comes to bad luck, many analysts focus on oil price supply shocks as prime examples. Two particularly large oil price shocks ...
Abenomics
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Abenomics (アベノミクス, Abenomikusu) refers to the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as prime minister of Japan. Abenomics is based upon ""three arrows"" of fiscal stimulus, monetary easing and structural reforms. The Economist characterized the program as a ""mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades.""The term ""Abenomics"" is a portmanteau of Abe and economics, and follows previous political neologisms for economic policies linked to specific leaders, such as Reaganomics, Clintonomics and Rogernomics.