Chapter 13: Basic Keynesian Economics
... unemployment would not last very long. Since unemployment rates would fall automatically, there was no need for any government action to lower them. But rates of cyclical unemployment had been very high from 1929 until the beginning of World War II in 1941. In the previous chapter, Keynes’ criticism ...
... unemployment would not last very long. Since unemployment rates would fall automatically, there was no need for any government action to lower them. But rates of cyclical unemployment had been very high from 1929 until the beginning of World War II in 1941. In the previous chapter, Keynes’ criticism ...
Strengthening Malta`s Fiscal Framework
... has clearly brought to the fore two major weaknesses of the SGP. First of all the absence of clear fiscal imbalances is not an insurance against fiscal crisis as the situation in Ireland and Spain has shown. Private sector imbalances can quickly lead to excessive fiscal imbalances as the Governments ...
... has clearly brought to the fore two major weaknesses of the SGP. First of all the absence of clear fiscal imbalances is not an insurance against fiscal crisis as the situation in Ireland and Spain has shown. Private sector imbalances can quickly lead to excessive fiscal imbalances as the Governments ...
mmi14-Fidrmuc Jan 19104740 en
... binary dependent variable models such as logit or probit to analyze which factors determine the success of fiscal consolidations (McDermott and Westcott, 1996; Afonso et al., 2006) and their expansionary effects (Alesina and Ardagna, 1998; Giudice et al., 2007). McDermott and Westcott (1996) argue t ...
... binary dependent variable models such as logit or probit to analyze which factors determine the success of fiscal consolidations (McDermott and Westcott, 1996; Afonso et al., 2006) and their expansionary effects (Alesina and Ardagna, 1998; Giudice et al., 2007). McDermott and Westcott (1996) argue t ...
Macroeconomic Shocks and Their Propagation
... uncorrelated with each other and they should be economically meaningful (pp. 52-55). I view the shocks we seek to estimate as the empirical counterparts to the shocks we discuss in our theories, such as shocks to technology, monetary policy, fiscal policy, etc. Therefore, the shocks should have the ...
... uncorrelated with each other and they should be economically meaningful (pp. 52-55). I view the shocks we seek to estimate as the empirical counterparts to the shocks we discuss in our theories, such as shocks to technology, monetary policy, fiscal policy, etc. Therefore, the shocks should have the ...
The NIER`s Conceptual Framework for Fiscal Policy
... stance of fiscal policy in its quarterly publication The Swedish Economy. Beginning with the issue of January, 2008, forecasts of future fiscal policy are made for the purpose of improving forecasts for both the real economy and the general government sector. For the years in the forecast period whe ...
... stance of fiscal policy in its quarterly publication The Swedish Economy. Beginning with the issue of January, 2008, forecasts of future fiscal policy are made for the purpose of improving forecasts for both the real economy and the general government sector. For the years in the forecast period whe ...
What the Government Purchases Multiplier Actually Multiplied in the
... size of the crucial government purchases multiplier. But equally crucial is the size of the government purchases multiplicand—the change in government purchases of goods and services that the multiplier actually multiplies. Using new data from the Bureau of Economic Analysis and considering developm ...
... size of the crucial government purchases multiplier. But equally crucial is the size of the government purchases multiplicand—the change in government purchases of goods and services that the multiplier actually multiplies. Using new data from the Bureau of Economic Analysis and considering developm ...
NBER WORKING PAPER SERIES WHAT THE GOVERNMENT PURCHASES MULTIPLIER ACTUALLY MULTIPLIED
... of the crucial government purchases multiplier. But equally crucial is the size of the government purchases multiplicand—the change in government purchases of goods and services that the multiplier actually multiplies. Using new data from the Bureau of Economic Analysis and considering developments ...
... of the crucial government purchases multiplier. But equally crucial is the size of the government purchases multiplicand—the change in government purchases of goods and services that the multiplier actually multiplies. Using new data from the Bureau of Economic Analysis and considering developments ...
Forecast Financial Statements
... The exchange rate is assumed to remain high for much of the forecast period, acting as a drag on export and import-competing sectors but spreading the income gains from the high terms of trade to the broader economy. Growth in imports, partly associated with strong investment growth, means net exp ...
... The exchange rate is assumed to remain high for much of the forecast period, acting as a drag on export and import-competing sectors but spreading the income gains from the high terms of trade to the broader economy. Growth in imports, partly associated with strong investment growth, means net exp ...
Fiscal Rules at a Glance
... The dataset covers four types of rules: budget balance rules, debt rules, expenditure rules, and revenue rules, applying to the central or general government or the public sector. It also presents country-specific details on various characteristics of rules, such as their legal basis, coverage, esca ...
... The dataset covers four types of rules: budget balance rules, debt rules, expenditure rules, and revenue rules, applying to the central or general government or the public sector. It also presents country-specific details on various characteristics of rules, such as their legal basis, coverage, esca ...
June 2014 | No. 90 A TAYLOR RULE FOR FISCAL POLICY IN A
... Our results show that this rule-based approach to …scal policy would have prescribed a substantial …scal tightening by as much as 1.5 percent of GDP in each of the years 2006-2008. Not surprisingly, such a policy would have dampened the overheating and eased in‡ationary pressures. We demonstrate tha ...
... Our results show that this rule-based approach to …scal policy would have prescribed a substantial …scal tightening by as much as 1.5 percent of GDP in each of the years 2006-2008. Not surprisingly, such a policy would have dampened the overheating and eased in‡ationary pressures. We demonstrate tha ...
Chapter 29
... A) increases as the price level increases because firms supply more goods and services. B) decreases as the price level increases because people demand fewer goods and services. C) might either increase or decrease as the price level increases, depending on whether aggregate demand increases or decr ...
... A) increases as the price level increases because firms supply more goods and services. B) decreases as the price level increases because people demand fewer goods and services. C) might either increase or decrease as the price level increases, depending on whether aggregate demand increases or decr ...
Foundations of Economics, 3e (Bade/Parkin)
... A) increases as the price level increases because firms supply more goods and services. B) decreases as the price level increases because people demand fewer goods and services. C) might either increase or decrease as the price level increases, depending on whether aggregate demand increases or decr ...
... A) increases as the price level increases because firms supply more goods and services. B) decreases as the price level increases because people demand fewer goods and services. C) might either increase or decrease as the price level increases, depending on whether aggregate demand increases or decr ...
finances in EMU – 2008 - European Commission
... Indicators of quality of public finances: where we are and where we go ...
... Indicators of quality of public finances: where we are and where we go ...
COM SEC(2008)2092 EN
... Indicators of quality of public finances: where we are and where we go Reporting on quality of public finances in stability and convergence programmes: taking stock and looking forward Gauging productivity in the government sector: current practice and scope for improvement ...
... Indicators of quality of public finances: where we are and where we go Reporting on quality of public finances in stability and convergence programmes: taking stock and looking forward Gauging productivity in the government sector: current practice and scope for improvement ...
Fiscal sustainability report
... reasonable given international trends and the direction of Government policy. But with net migration having been much higher than expected over the past year, we have switched to the ‘principal’ variant – as we did for our medium-term forecasts in the March EFO. This is consistent with annual net mi ...
... reasonable given international trends and the direction of Government policy. But with net migration having been much higher than expected over the past year, we have switched to the ‘principal’ variant – as we did for our medium-term forecasts in the March EFO. This is consistent with annual net mi ...
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.