Seeking a Sustainable Size and Structure for the Greek
... In a long after-war debate, many explanations about the causes, the consequences and determinants of state expansion have been evolved in the academic literature. Attempts to taxonomy and identify why the scope of public economy changes over time, reaches to the distinction of five explanations abou ...
... In a long after-war debate, many explanations about the causes, the consequences and determinants of state expansion have been evolved in the academic literature. Attempts to taxonomy and identify why the scope of public economy changes over time, reaches to the distinction of five explanations abou ...
fiscal theory of price level: a panel data analysis for selected saarc
... Emerging economies are growing unhurriedly and in the position of below the trend growth rates. Most of the South Asian countries are facing high inflation due to demand pull factors which induces to balance of payments pressure, fiscal imbalances and reduction in Forex reserves. Except Bangladesh a ...
... Emerging economies are growing unhurriedly and in the position of below the trend growth rates. Most of the South Asian countries are facing high inflation due to demand pull factors which induces to balance of payments pressure, fiscal imbalances and reduction in Forex reserves. Except Bangladesh a ...
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... economic competence before elections. Shi and Svensson (2006) show that politicians may behave opportunistically even if most voters know the government’s policy, but some voters are uninformed. Empirical studies suggest that the incumbent government benefits from favorable economic conditions (see, ...
... economic competence before elections. Shi and Svensson (2006) show that politicians may behave opportunistically even if most voters know the government’s policy, but some voters are uninformed. Empirical studies suggest that the incumbent government benefits from favorable economic conditions (see, ...
N 162
... provoke political controversy, particularly when such creditors are foreign. Further, national assets often generate reoccurring revenue which could be lost in the event of a sale, making the challenge of servicing the debt even more difficult. Selling government assets may also prove a relatively s ...
... provoke political controversy, particularly when such creditors are foreign. Further, national assets often generate reoccurring revenue which could be lost in the event of a sale, making the challenge of servicing the debt even more difficult. Selling government assets may also prove a relatively s ...
relationship between currency depreciation and output growth in
... on the economy are mixed. Krugman and Taylor (1978) state that one of the conditions for currency devaluation to have a contradictory impact is whether exports are initially less than imports. Conoly (1983) found a positive relationship between currency depreciation and output growth. Edwards (1986) ...
... on the economy are mixed. Krugman and Taylor (1978) state that one of the conditions for currency devaluation to have a contradictory impact is whether exports are initially less than imports. Conoly (1983) found a positive relationship between currency depreciation and output growth. Edwards (1986) ...
GÖTTERDÄMMERUNG - Professor Antal E. Fekete
... more redeemable than Federal Reserve notes. It’s all very neat: the notes are backed by the bonds, and the bonds are redeemable by the notes. Therefore each is valued in terms of itself, rather than by an independent outside asset. Each is an irredeemable liability of the U.S: government. The whole ...
... more redeemable than Federal Reserve notes. It’s all very neat: the notes are backed by the bonds, and the bonds are redeemable by the notes. Therefore each is valued in terms of itself, rather than by an independent outside asset. Each is an irredeemable liability of the U.S: government. The whole ...
Complete Student Study Guide
... a. Bad government monetary policies are the cause of economic crises b. It was easy credit, low interest rates and high levels of money supply that led to the overspending of the late 1920s. c. The Great Depression of the 1930s was caused primarily by tight money policies. d. Governments should not ...
... a. Bad government monetary policies are the cause of economic crises b. It was easy credit, low interest rates and high levels of money supply that led to the overspending of the late 1920s. c. The Great Depression of the 1930s was caused primarily by tight money policies. d. Governments should not ...
Internet Chapter 3
... or a current expenditure (because it is not re-usable)? Such ambiguities could lead to political mischief, because every proponent of a new spending program could claim it was an investment and therefore belonged in the capital budget where it would not contribute to a higher deficit. Tangible asset ...
... or a current expenditure (because it is not re-usable)? Such ambiguities could lead to political mischief, because every proponent of a new spending program could claim it was an investment and therefore belonged in the capital budget where it would not contribute to a higher deficit. Tangible asset ...
Document
... 44. When the Fed uses an interest rate as an intermediate target, upward pressure on the interest rate is restricted by increasing the supply of reserves. This may lead to a. higher fed funds rates. b. steady economic growth. c. a downward slide into recession. d. higher inflation in the future. ANS ...
... 44. When the Fed uses an interest rate as an intermediate target, upward pressure on the interest rate is restricted by increasing the supply of reserves. This may lead to a. higher fed funds rates. b. steady economic growth. c. a downward slide into recession. d. higher inflation in the future. ANS ...
MACROECONOMICS Section I
... (E) It increased by 25%. 49. If an economy's aggregate supply curve is upward sloping, an increase in government spending will most likely result in a decrease in the (A) real level of output (B) price level (C) interest rate (D) unemployment rate (E) government's budget deficit 50. An increase in w ...
... (E) It increased by 25%. 49. If an economy's aggregate supply curve is upward sloping, an increase in government spending will most likely result in a decrease in the (A) real level of output (B) price level (C) interest rate (D) unemployment rate (E) government's budget deficit 50. An increase in w ...
II -Macro Eco - University of Mumbai
... By combining the goods and money flows we get a circular flow. In reality, there are leakages from and additions to the circular flows of income and expenditure. They are also called as withdrawals and injections. A withdrawal is the amount that is set aside by the households and firms and is not sp ...
... By combining the goods and money flows we get a circular flow. In reality, there are leakages from and additions to the circular flows of income and expenditure. They are also called as withdrawals and injections. A withdrawal is the amount that is set aside by the households and firms and is not sp ...
This PDF is a selection from an out-of-print volume from the... of Economic Research
... derivation of an aggregate consumption function which does not satisfy RicardoBarro equivalence. The model shows that long real rates depend on the anticipated sequence of debt, or equivalently on the current level of debt and the anticipated sequence of deficits. The third and last issue is that of ...
... derivation of an aggregate consumption function which does not satisfy RicardoBarro equivalence. The model shows that long real rates depend on the anticipated sequence of debt, or equivalently on the current level of debt and the anticipated sequence of deficits. The third and last issue is that of ...
In Focus: Markets as we see them China`s capital flight
... Of course, this does not mean that the Chinese authorities can afford to be complacent. The biggest threat to the Chinese economy in our view, is not capital flight, but the slow pace of economic reforms needed to improve capital allocation, reduce industrial overcapacity, and rebalance the economy. ...
... Of course, this does not mean that the Chinese authorities can afford to be complacent. The biggest threat to the Chinese economy in our view, is not capital flight, but the slow pace of economic reforms needed to improve capital allocation, reduce industrial overcapacity, and rebalance the economy. ...
... become a recurring feature of public sector financing in Nigeria. The Keynesian demand-side economics emphasized the need for expansion in government expenditures even beyond current income, particularly during depressions when the economy suffers from an insufficiency of active demand, such as the ...
Document
... (b) the conclusion that money does not affect output in the short run. (c) the conclusion that only unexpected changes in the money supply affect output in the short run. (d) the assumption that the short aggregate supply curve is vertical. ...
... (b) the conclusion that money does not affect output in the short run. (c) the conclusion that only unexpected changes in the money supply affect output in the short run. (d) the assumption that the short aggregate supply curve is vertical. ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Exchange Rate Theory and Practice
... the increase in the average money wage rate for the whole economy reflects an average of the expected long-run rates of inflation prevailing in a number of past quarters. The behavior of the GDP deflator is assumed to follow the behavior of the average money wage rate. The important consequence of t ...
... the increase in the average money wage rate for the whole economy reflects an average of the expected long-run rates of inflation prevailing in a number of past quarters. The behavior of the GDP deflator is assumed to follow the behavior of the average money wage rate. The important consequence of t ...
0371 EN
... This is the aggregate of the maximum amounts of capital authorised (ceilings) for each operation decided by the Council or by the European Parliament and the Council. In order to relate it to the risk which the Budget might have to cover, account should be taken of the following factors which could ...
... This is the aggregate of the maximum amounts of capital authorised (ceilings) for each operation decided by the Council or by the European Parliament and the Council. In order to relate it to the risk which the Budget might have to cover, account should be taken of the following factors which could ...
Is It Too Late to Bail Out the Troubled Countries in the Eurozone?
... The possibility of self-fulfilling crises in the Cole-Kehoe and Conesa-Kehoe models depends on the timing of sovereign debt auctions and government decisions to default or not: the sunspot occurs first, then the government offers new bonds B ' at auction, which the bankers buy at price q( B ', s) , ...
... The possibility of self-fulfilling crises in the Cole-Kehoe and Conesa-Kehoe models depends on the timing of sovereign debt auctions and government decisions to default or not: the sunspot occurs first, then the government offers new bonds B ' at auction, which the bankers buy at price q( B ', s) , ...
BEN BERNANKE VERSUS MILTON FRIEDMAN: The Federal
... other markets.” Thus, “it seems safe to say . . . that the financial recovery would have been more difficult without extensive government intervention and assistance.”8 The dividing line between the differing policies of Bernanke and Friedman can sometimes be hazy. The failure of a single, large ban ...
... other markets.” Thus, “it seems safe to say . . . that the financial recovery would have been more difficult without extensive government intervention and assistance.”8 The dividing line between the differing policies of Bernanke and Friedman can sometimes be hazy. The failure of a single, large ban ...
Money, Interest, and Capital Accumulation in Karl Marx`s
... value. Gold as a money commodity is, therefore, historically contingent but not theoretically necessary. From this it follows, that there is no theoretical metallism in Marx’s theory of money (Matthews, 1996).5 As we will show below, a reproducible money commodity would also contradict some major hy ...
... value. Gold as a money commodity is, therefore, historically contingent but not theoretically necessary. From this it follows, that there is no theoretical metallism in Marx’s theory of money (Matthews, 1996).5 As we will show below, a reproducible money commodity would also contradict some major hy ...
Student Study Guide
... phenomenon the debt can become very large indeed. 20. The gross federal debt refers to the total amount of money owed by the federal government—what is often referred to as the national debt. Total indebtedness is a much broader concept, which includes the national debt, but also all corporate debt ...
... phenomenon the debt can become very large indeed. 20. The gross federal debt refers to the total amount of money owed by the federal government—what is often referred to as the national debt. Total indebtedness is a much broader concept, which includes the national debt, but also all corporate debt ...
Essay Questions
... Answer: Since the asset market adjusts very quickly, the exchange rate drops immediately to a point on the AA schedule. There will be excess demand for the domestic currency because the high expected future appreciation rate of the domestic currency implies that the expected domestic currency return ...
... Answer: Since the asset market adjusts very quickly, the exchange rate drops immediately to a point on the AA schedule. There will be excess demand for the domestic currency because the high expected future appreciation rate of the domestic currency implies that the expected domestic currency return ...
Post-9/11 War Spending, Debt, and the Macroeconomy
... identify the invasion of Iraq as a major disruption in oil markets, while they do establish the oil supply shocks of the 1970s and the turmoil surrounding the 1956 Suez Crisis and the First Gulf War. Rather, these papers pinpoint the unexpectedly rapid increases in the demand for oil by developing c ...
... identify the invasion of Iraq as a major disruption in oil markets, while they do establish the oil supply shocks of the 1970s and the turmoil surrounding the 1956 Suez Crisis and the First Gulf War. Rather, these papers pinpoint the unexpectedly rapid increases in the demand for oil by developing c ...