1. Introduction to Macroeconomics
... to an aim like “environmental protection”. This leads to the second type of questions “What aims are desirable?” Ad 2: The selection of an economic aim has to rely always on subjective preferences. Such choices can not be based on “objective science”. These choices can only be based on subjective pr ...
... to an aim like “environmental protection”. This leads to the second type of questions “What aims are desirable?” Ad 2: The selection of an economic aim has to rely always on subjective preferences. Such choices can not be based on “objective science”. These choices can only be based on subjective pr ...
Chapter 30
... the stimulus plan that increased government expenditure would prevent the unemployment rate from rising much above 8 percent. This prediction turned out to be optimistic. One reason might be that the multiplier assumption was also too optimistic. © 2013 Pearson ...
... the stimulus plan that increased government expenditure would prevent the unemployment rate from rising much above 8 percent. This prediction turned out to be optimistic. One reason might be that the multiplier assumption was also too optimistic. © 2013 Pearson ...
European Economic Forecast - Winter 2016 | European Commission
... renewed drop in energy prices should continue to boost households’ real incomes and consumption, public consumption has surprised on the upside due to the arrival of unprecedented numbers of migrants fleeing war and insecurity in Syria and elsewhere. Fiscal policy more generally is expected to suppo ...
... renewed drop in energy prices should continue to boost households’ real incomes and consumption, public consumption has surprised on the upside due to the arrival of unprecedented numbers of migrants fleeing war and insecurity in Syria and elsewhere. Fiscal policy more generally is expected to suppo ...
PDF 337KB
... released in a timely and comprehensive fashion, accompanying only small statistical fluctuations, does not exist so far. One comprehensive indicator released on a monthly basis is the “Family Income and Expenditure Survey (FIES; Ministry of Internal Affairs and Communications). It includes sam ...
... released in a timely and comprehensive fashion, accompanying only small statistical fluctuations, does not exist so far. One comprehensive indicator released on a monthly basis is the “Family Income and Expenditure Survey (FIES; Ministry of Internal Affairs and Communications
13EXPENDITURE MULTIPLIERS: THE KEYNESIAN MODEL*
... The consumption function and saving function. In Chapter 8, the student learned about the influences on saving. They learned there that households divide their disposable income between consumption expenditure and saving. And they learned that the factors that affect saving are the real interest rat ...
... The consumption function and saving function. In Chapter 8, the student learned about the influences on saving. They learned there that households divide their disposable income between consumption expenditure and saving. And they learned that the factors that affect saving are the real interest rat ...
Annual Report
... compared to 3.9 percent in 2013, mirroring a similar trend in EDCs, where inflation slowed to 5.9 percent, compared to 5.1 percent in 2013. Developing countries, however, maintained a stable rate of inflation for yet another year at 1.4 percent. In contrast, labor market trends seemed more homogenou ...
... compared to 3.9 percent in 2013, mirroring a similar trend in EDCs, where inflation slowed to 5.9 percent, compared to 5.1 percent in 2013. Developing countries, however, maintained a stable rate of inflation for yet another year at 1.4 percent. In contrast, labor market trends seemed more homogenou ...
International Doctorate in Economic Analysis Departament d’Economia i d’Història Econòmica
... the theoretical intuition that, during periods of adverse financial conditions, private agents are more likely to become liquidity constrained thus finding it hard to optimally smoothen their consumption along time. In turn, fiscal shocks will have relatively more pronounced effects on private deman ...
... the theoretical intuition that, during periods of adverse financial conditions, private agents are more likely to become liquidity constrained thus finding it hard to optimally smoothen their consumption along time. In turn, fiscal shocks will have relatively more pronounced effects on private deman ...
Review of the Economy 2016
... the Lisbon Treaty must be invoked, which gives parties involved two years to agree on the terms of the split. However, the incoming Prime Minister, Theresa May has delayed triggering Article 50 until the end of 2016. Until its formal withdrawal, the UK will continue to abide by EU treaties and law, ...
... the Lisbon Treaty must be invoked, which gives parties involved two years to agree on the terms of the split. However, the incoming Prime Minister, Theresa May has delayed triggering Article 50 until the end of 2016. Until its formal withdrawal, the UK will continue to abide by EU treaties and law, ...
II. IMF Macroeconomic Policy Advice in the Financial Crisis
... starting in early 2008. Its own work on the topic over the course of 2008 positioned itself to be a leading proponent of a global fiscal stimulus at G-20 meetings, as well as in the public discourse. The IMF also appropriately supported the aggressive interventions led by the U.S. Federal Reserve an ...
... starting in early 2008. Its own work on the topic over the course of 2008 positioned itself to be a leading proponent of a global fiscal stimulus at G-20 meetings, as well as in the public discourse. The IMF also appropriately supported the aggressive interventions led by the U.S. Federal Reserve an ...
ASSESSMENT ON THE IMPACT OF STIMULUS , FISCAL
... countries led the medium-term fiscal consolidation plan. The United States and Japan were not ready to move toward fiscal austerity. At the end, the Toronto Summit Declaration stated: “Reflecting this balance, advanced economies have committed to fiscal plans that will at least halve deficits by 201 ...
... countries led the medium-term fiscal consolidation plan. The United States and Japan were not ready to move toward fiscal austerity. At the end, the Toronto Summit Declaration stated: “Reflecting this balance, advanced economies have committed to fiscal plans that will at least halve deficits by 201 ...
No.374 / September 2011 The Cyclical Conduct of Irish Fiscal Policy
... volatility of the Irish economy plus the well-documented risks associated with rapid expansion in credit and housing prices meant that a target of substantially positive structural balance during expansionary periods would have been more prudent in order to allow for greater ‡exibility in the event ...
... volatility of the Irish economy plus the well-documented risks associated with rapid expansion in credit and housing prices meant that a target of substantially positive structural balance during expansionary periods would have been more prudent in order to allow for greater ‡exibility in the event ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: American Economic Policy in the 1980s
... of 1980 and 1981-82, casualties from the battle ran high, with the unemployment rate rising to a postwar peak of 10.8 percent. In some areas, such as the savings and loan industry, the dead are still being counted, and the bill for their funerals is yet to be fully reckoned and paid. Nevertheless, d ...
... of 1980 and 1981-82, casualties from the battle ran high, with the unemployment rate rising to a postwar peak of 10.8 percent. In some areas, such as the savings and loan industry, the dead are still being counted, and the bill for their funerals is yet to be fully reckoned and paid. Nevertheless, d ...
Grundzüge Mikroökonomik Arbeitsunterlage 4
... Smuggled goods: Here the FSO focuses on the estimation of smuggled cigarettes. Information is provided by the “Waste Disposal Study” of the German cigarette industry. The cigarette industry draws a sample of the tax strips from trashed cigarette packages found in the “Yellow Bags”. Packages with t ...
... Smuggled goods: Here the FSO focuses on the estimation of smuggled cigarettes. Information is provided by the “Waste Disposal Study” of the German cigarette industry. The cigarette industry draws a sample of the tax strips from trashed cigarette packages found in the “Yellow Bags”. Packages with t ...
Abenomics
.jpg?width=300)
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.