Productivity Brief 2015
... economies have higher productivity growth rates, their larger output share in the global economy has a positive impact on global productivity growth rates. However, as those economies still have lower levels of productivity compared to mature economies, the ongoing shift in economic activity also ha ...
... economies have higher productivity growth rates, their larger output share in the global economy has a positive impact on global productivity growth rates. However, as those economies still have lower levels of productivity compared to mature economies, the ongoing shift in economic activity also ha ...
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... for states that are relatively more concentrated since it seems to indicate that their initial level of diversity is not as important as their change in diversity. Therefore, this could mean that as long as a state can accelerate its industrial diversification, they may be able to reduce the duratio ...
... for states that are relatively more concentrated since it seems to indicate that their initial level of diversity is not as important as their change in diversity. Therefore, this could mean that as long as a state can accelerate its industrial diversification, they may be able to reduce the duratio ...
The Productive Government Spending Multiplier, In and Out of the
... more attention. If we stay in the familiar, one representative agent environment, then —unless you assume non-separable preferences over consumption and leisure in a model with sticky prices as in Bilbiie (2011)—you end up with a negative multiplier on consumption. The reason is that an increase in ...
... more attention. If we stay in the familiar, one representative agent environment, then —unless you assume non-separable preferences over consumption and leisure in a model with sticky prices as in Bilbiie (2011)—you end up with a negative multiplier on consumption. The reason is that an increase in ...
Fiscal Incentive Effects of the German Equalization System
... Germany’s federation relies on an extensive system of equalization transfers, both vertical— from the federal government (the Bund) to the states (the Länder)—and horizontal—among the Länder. While large degrees of equalization are not uncommon in countries, Germany’s emphasis on solidarity across L ...
... Germany’s federation relies on an extensive system of equalization transfers, both vertical— from the federal government (the Bund) to the states (the Länder)—and horizontal—among the Länder. While large degrees of equalization are not uncommon in countries, Germany’s emphasis on solidarity across L ...
PROCYCLICAL AND COUNTERCYCLICAL FISCAL MULTIPLIERS
... (2012), the threshold is estimated from the data but it could still be argued that the selection of the threshold variable itself is arbitrary. In a related, but di¤erent, approach, Auerbach and Gorodnichenko (AG) (2010) solve the issue of threshold selection by extending early work by Granger and T ...
... (2012), the threshold is estimated from the data but it could still be argued that the selection of the threshold variable itself is arbitrary. In a related, but di¤erent, approach, Auerbach and Gorodnichenko (AG) (2010) solve the issue of threshold selection by extending early work by Granger and T ...
Fiscal multipliers in deep economic recessions and the
... Prior theoretical and empirical work on the response of main macroeconomic aggregates to exogenous fiscal shocks has shown that the size (and, in certain instances, the sign) of the fiscal multiplier can be country-, time-, estimation method-, and economic conditions-specific. In general, it appears ...
... Prior theoretical and empirical work on the response of main macroeconomic aggregates to exogenous fiscal shocks has shown that the size (and, in certain instances, the sign) of the fiscal multiplier can be country-, time-, estimation method-, and economic conditions-specific. In general, it appears ...
EXPENDITURES: GROWTH AND STRUCTURE
... The TGR of revenue expenditure for the nineties, at 14.60 percent per annum, shows considerable increase in real terms, as the rate of inflation as measured by the TGR of wholesale price index was about 6 percent per annum during this period. In 1999-00, the percentage growth of revenue expenditure ...
... The TGR of revenue expenditure for the nineties, at 14.60 percent per annum, shows considerable increase in real terms, as the rate of inflation as measured by the TGR of wholesale price index was about 6 percent per annum during this period. In 1999-00, the percentage growth of revenue expenditure ...
Preview Sample 1
... c. dealer contributes nothing to production because only existing goods are involved. d. dealer contributes value added equal to $8,000, but only $5,000 is added to GDP. If a local shop buys a used motorcycle for $1,000, refurbishes it, and resells it for $2,500, the a. shop contributes value added ...
... c. dealer contributes nothing to production because only existing goods are involved. d. dealer contributes value added equal to $8,000, but only $5,000 is added to GDP. If a local shop buys a used motorcycle for $1,000, refurbishes it, and resells it for $2,500, the a. shop contributes value added ...
Swedish Fiscal Policy - Finanspolitiska rådet
... kind, fiscal policy will have a countercyclical effect via the automatic stabilisers. In the event of very large demand and supply shocks, an active fiscal policy may be needed. The fiscal measures in this case will help limit the rise in unemployment, reduce the risk of unemployment becoming entren ...
... kind, fiscal policy will have a countercyclical effect via the automatic stabilisers. In the event of very large demand and supply shocks, an active fiscal policy may be needed. The fiscal measures in this case will help limit the rise in unemployment, reduce the risk of unemployment becoming entren ...
1. Introduction
... Box 1: Some issues in measuring saving in the national accounts The economic definition of saving differs from the one followed in the System of National Accounts (SNA). The SNA only treats as income those revenues that are generated from the current production flow, ignoring revaluation effects on ...
... Box 1: Some issues in measuring saving in the national accounts The economic definition of saving differs from the one followed in the System of National Accounts (SNA). The SNA only treats as income those revenues that are generated from the current production flow, ignoring revaluation effects on ...
FREE Sample Here - We can offer most test bank and
... a. If marijuana is legalized, marijuana sales will now be recorded in GDP, so GDP will increase. b. An increase in sales of counterfeit products will not likely change GDP since these products are illegal and the sales are most likely not being reported. c. If a foreign-owned manufacturer opens in t ...
... a. If marijuana is legalized, marijuana sales will now be recorded in GDP, so GDP will increase. b. An increase in sales of counterfeit products will not likely change GDP since these products are illegal and the sales are most likely not being reported. c. If a foreign-owned manufacturer opens in t ...
SEBI BULLETIN January 2016 VOL. 14 NUMBER 1
... issuer issues shares or convertible securities, to a select group of persons. There were 24 preferential allotments (`579 crore) listed at BSE and NSE during December 2015 as compared to 29 preferential allotments (`4,903 crore) in November 2015. The cumulative amount mobilised through preferential ...
... issuer issues shares or convertible securities, to a select group of persons. There were 24 preferential allotments (`579 crore) listed at BSE and NSE during December 2015 as compared to 29 preferential allotments (`4,903 crore) in November 2015. The cumulative amount mobilised through preferential ...
Crisis and consolidation in the public finances
... to be delivered – falls very heavily on cuts in day-to-day spending on public services. By 2018-19, the Coalition Government is planning to replace the 2.6 per cent of GDP budget deficit that Labour ran in in 2007-08 with a 0.2 per cent of GDP surplus, to spend 1.2 per cent of GDP more on welfare, 1 ...
... to be delivered – falls very heavily on cuts in day-to-day spending on public services. By 2018-19, the Coalition Government is planning to replace the 2.6 per cent of GDP budget deficit that Labour ran in in 2007-08 with a 0.2 per cent of GDP surplus, to spend 1.2 per cent of GDP more on welfare, 1 ...
Sample
... a. If marijuana is legalized, marijuana sales will now be recorded in GDP, so GDP will increase. b. An increase in sales of counterfeit products will not likely change GDP since these products are illegal and the sales are most likely not being reported. c. If a foreign-owned manufacturer opens in t ...
... a. If marijuana is legalized, marijuana sales will now be recorded in GDP, so GDP will increase. b. An increase in sales of counterfeit products will not likely change GDP since these products are illegal and the sales are most likely not being reported. c. If a foreign-owned manufacturer opens in t ...
oecd economic outlook
... imbalances would continue indefinitely without prompting market-driven adjustment, which could turn unpleasant. Energy prices have risen to high levels in a context of strong demand, limited spare capacity and geopolitical risks and could be driven up substantially further by supply disruptions. Lon ...
... imbalances would continue indefinitely without prompting market-driven adjustment, which could turn unpleasant. Energy prices have risen to high levels in a context of strong demand, limited spare capacity and geopolitical risks and could be driven up substantially further by supply disruptions. Lon ...
The Portuguese Crisis and the IMF - Independent Evaluation Office
... creation of the euro. In Portugal these years were marked by high real GDP growth, a substantial decline in borrowing costs, and an investment boom. At the same time, the trade and current account deficits rapidly deteriorated. The domestic banking sector intermediated the required borrowing by seek ...
... creation of the euro. In Portugal these years were marked by high real GDP growth, a substantial decline in borrowing costs, and an investment boom. At the same time, the trade and current account deficits rapidly deteriorated. The domestic banking sector intermediated the required borrowing by seek ...
What are the Effects of Fiscal Policy Shocks ?
... restrict responses for a year following the shock. We regard this as a tight identifying methodology which does not attribute all changes in government spending which are also orthogonal to the business cycle, as shocks to fiscal policy. The methodology is designed to rule out, for example, shocks w ...
... restrict responses for a year following the shock. We regard this as a tight identifying methodology which does not attribute all changes in government spending which are also orthogonal to the business cycle, as shocks to fiscal policy. The methodology is designed to rule out, for example, shocks w ...
Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions
... To help assess the extent of such subcontracting, we have compiled a new dataset on shipments to the government from defense oriented industries. The source of these data are the Annual Survey of Shipments by Defense-Oriented Industries conducted by the US Census Bureau from 1963 through 1983. In se ...
... To help assess the extent of such subcontracting, we have compiled a new dataset on shipments to the government from defense oriented industries. The source of these data are the Annual Survey of Shipments by Defense-Oriented Industries conducted by the US Census Bureau from 1963 through 1983. In se ...
NBER WORKING PAPER SERIES UNCERTAIN FISCAL CONSOLIDATIONS Huixin Bi Eric M. Leeper
... Drazen’s (1993) model to highlight how uncertainty over the timing and the composition of fiscal compositions can affect whether or not a realized consolidation is expansionary. Following this simple example, we develop a non-linear DSGE model, in which fiscal consolidations may occur with an increasin ...
... Drazen’s (1993) model to highlight how uncertainty over the timing and the composition of fiscal compositions can affect whether or not a realized consolidation is expansionary. Following this simple example, we develop a non-linear DSGE model, in which fiscal consolidations may occur with an increasin ...
Lecture Notes - Wiwi Uni
... This area of study is called growth theory and we will discuss the neoclassical growth model. As a sneak preview, the economy grows over time because: 1 The data have quarterly frequency, i.e. there one observation for real GDP for each quarter. The …rst observation is the GDP for the …rst three mon ...
... This area of study is called growth theory and we will discuss the neoclassical growth model. As a sneak preview, the economy grows over time because: 1 The data have quarterly frequency, i.e. there one observation for real GDP for each quarter. The …rst observation is the GDP for the …rst three mon ...
Fiscal spending multiplier calculations based on Input
... However, assuming that imports depend on GDP is not as plausible as it might seem. This assumption implies that imports are proportional to domestic absorption, i.e. C + I + G , on the one hand and net exports X − M on the other. C, I and G all represent quantities of final goods: Assuming that some ...
... However, assuming that imports depend on GDP is not as plausible as it might seem. This assumption implies that imports are proportional to domestic absorption, i.e. C + I + G , on the one hand and net exports X − M on the other. C, I and G all represent quantities of final goods: Assuming that some ...
Stability Programme - European Commission
... Domestic demand is set to speed up, especially under the impetus of household demand. Households’ purchasing power should remain strong in 2016 against a backdrop of low inflation (+1.6% after +1.8% in 2015), before falling off in 2017 (+1.2%) as inflation picks up. Growth in real wages is expected ...
... Domestic demand is set to speed up, especially under the impetus of household demand. Households’ purchasing power should remain strong in 2016 against a backdrop of low inflation (+1.6% after +1.8% in 2015), before falling off in 2017 (+1.2%) as inflation picks up. Growth in real wages is expected ...
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.