Demand from China: Fact or Fiction?
... increasing production of goods, with the result that China now produces and supplies more commodities than most other countries. It consumes mostly its own supply of commodities, not the remaining world supply. It is, in fact, a net contributor to world commodity supply, not a net taker. As a result ...
... increasing production of goods, with the result that China now produces and supplies more commodities than most other countries. It consumes mostly its own supply of commodities, not the remaining world supply. It is, in fact, a net contributor to world commodity supply, not a net taker. As a result ...
Land Prices and Unemployment
... fall, producing endogenous wage rigidities following a housing demand shock. This labor channel— the endogenous wage rigidity in particular—is consistent with the BVAR evidence; it plays a crucial role for generating a large response of unemployment and its persistent comovement with the land price. ...
... fall, producing endogenous wage rigidities following a housing demand shock. This labor channel— the endogenous wage rigidity in particular—is consistent with the BVAR evidence; it plays a crucial role for generating a large response of unemployment and its persistent comovement with the land price. ...
Chapter 7
... On Statistics Canada’s website (www.statcan.ca), find the following statistics for the past five years: unemployment rate: Under Find Statistics, select Summary Tables, then search for Unemployment rate, and click on Labour force characteristics. Inflation rate: Under Find Statistics, select Sum ...
... On Statistics Canada’s website (www.statcan.ca), find the following statistics for the past five years: unemployment rate: Under Find Statistics, select Summary Tables, then search for Unemployment rate, and click on Labour force characteristics. Inflation rate: Under Find Statistics, select Sum ...
Qatar Economic Outlook 2014–2015
... The overall fiscal balance is on track to continue its comfortable surpluses, even if they narrow over the forecast period. This narrowing will stem from expenditure growth (capital and recurrent) as the public investment programme gathers pace, and from an expected decline in hydrocarbon revenue. A ...
... The overall fiscal balance is on track to continue its comfortable surpluses, even if they narrow over the forecast period. This narrowing will stem from expenditure growth (capital and recurrent) as the public investment programme gathers pace, and from an expected decline in hydrocarbon revenue. A ...
Unit 10: Controlling Prices
... inflationary period because when you save money for retirement in the future, that money will be worth less than it is today.7 During inflationary periods, banks are also less willing to lend money because they will be repaid with dollars that are worth less than when the money was loaned. To protec ...
... inflationary period because when you save money for retirement in the future, that money will be worth less than it is today.7 During inflationary periods, banks are also less willing to lend money because they will be repaid with dollars that are worth less than when the money was loaned. To protec ...
NBER WORKING PAPER SERIES TOWARDS A THEORY OF FIRM ENTRY
... assumption of complete depreciation of capital within the period. Firms cover such cost with their pro…ts derived from monopolistic pricing. As demand and cost are a¤ected by shocks, the number of …rms that …nd it pro…table to enter the market will vary over time. Di¤erent from the standard speci…ca ...
... assumption of complete depreciation of capital within the period. Firms cover such cost with their pro…ts derived from monopolistic pricing. As demand and cost are a¤ected by shocks, the number of …rms that …nd it pro…table to enter the market will vary over time. Di¤erent from the standard speci…ca ...
Revision Guide
... Having dealt with the preliminary issues outlined above, you have already made a good start by identifying the problem areas. Before you attempt to solve the problem, you should make sure that the problem is properly defined. This may take only a few seconds, but will be time well spent. In order to ...
... Having dealt with the preliminary issues outlined above, you have already made a good start by identifying the problem areas. Before you attempt to solve the problem, you should make sure that the problem is properly defined. This may take only a few seconds, but will be time well spent. In order to ...
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 ...
Economic agents and SIPSA
... will be its commercialization, due to the existing issues on knowing the remuneration that each factor should have. Thus, the level of transaction costs will depend on both the characteristics of each of the transactions and the institutional environment in which a transaction is carried out. In vie ...
... will be its commercialization, due to the existing issues on knowing the remuneration that each factor should have. Thus, the level of transaction costs will depend on both the characteristics of each of the transactions and the institutional environment in which a transaction is carried out. In vie ...
An Aggregative Theory for a Closed Economy
... fall in response to open market purchases and tax increases. Open market operations induce larger changes in the price level than tax changes that transfer securities of equal value, but the effects on real balances are identical. Open market purchases raise the equilibrium price level; open market ...
... fall in response to open market purchases and tax increases. Open market operations induce larger changes in the price level than tax changes that transfer securities of equal value, but the effects on real balances are identical. Open market purchases raise the equilibrium price level; open market ...
NBER WORKING PAPER SERIES Robert C. Feenstra Hong Ma
... China was lowered in the most recent ICP round are the following: 1) The price data provided by China for the most recent ICP was for urban areas, and may have overstated the actual prices faced by rural consumers. This first issue is a well-recognized feature of the price data provided for the 2005 ...
... China was lowered in the most recent ICP round are the following: 1) The price data provided by China for the most recent ICP was for urban areas, and may have overstated the actual prices faced by rural consumers. This first issue is a well-recognized feature of the price data provided for the 2005 ...
The Art and Science of Economics
... is to predict when a particular policy will take hold and what the state of the economy will be at the time To advocates of passive policy, these lags are reason enough to avoid active discretionary policy which simply introduces more instability into the ...
... is to predict when a particular policy will take hold and what the state of the economy will be at the time To advocates of passive policy, these lags are reason enough to avoid active discretionary policy which simply introduces more instability into the ...
Relative supply and relative demand The terms of trade and welfare
... If the home country imposes a tariff on food imports, the price of food relative to the price of cloth rises for domestic consumers. ◦ Likewise, the price of cloth relative to the price of food falls for domestic consumers. ◦ Domestic producers will receive a lower relative price of cloth, and there ...
... If the home country imposes a tariff on food imports, the price of food relative to the price of cloth rises for domestic consumers. ◦ Likewise, the price of cloth relative to the price of food falls for domestic consumers. ◦ Domestic producers will receive a lower relative price of cloth, and there ...
Global Economy - New York University Stern School of Business
... – If more goes to oil producers, there’s less for capital and labor – Our measure of output is payments to capital and labor, so it’s gone down – If oil producers are local the lost revenue would show up there, but if they’re abroad, local output falls – That’s just like a fall in productivity: AS s ...
... – If more goes to oil producers, there’s less for capital and labor – Our measure of output is payments to capital and labor, so it’s gone down – If oil producers are local the lost revenue would show up there, but if they’re abroad, local output falls – That’s just like a fall in productivity: AS s ...
Chapter 26: Aggregate Supply and Aggregate Demand
... Macroeconomic Schools of Thought The Keynesian View A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to achieve and maintain full employment, active help from fiscal policy and monetary policy is required. The term “Keynesian” derives ...
... Macroeconomic Schools of Thought The Keynesian View A Keynesian macroeconomist believes that left alone, the economy would rarely operate at full employment and that to achieve and maintain full employment, active help from fiscal policy and monetary policy is required. The term “Keynesian” derives ...
NBER WOR}(ING PAPERS SERIES MONEY, INTEREST AND PRICES Stanley Fischer
... Lipsey extended the analysis over time, and showed that under reasonable assumptions, the long—run equilibrium of the economy would exhibit neutrality of money even if there were distribution effects: the redistributions of cash balances among individuals from week to week ultimately reproduce the i ...
... Lipsey extended the analysis over time, and showed that under reasonable assumptions, the long—run equilibrium of the economy would exhibit neutrality of money even if there were distribution effects: the redistributions of cash balances among individuals from week to week ultimately reproduce the i ...
The Impact of Lower Oil Prices in Kuwait, English
... between the government’s fiscal position and the ratio of the breakeven oil price to the actual oil price (left-hand axis). This tells us that the oil price is a key determinant of the government’s fiscal position. This relationship was less pronounced in the early 1990s, again due to post-war recon ...
... between the government’s fiscal position and the ratio of the breakeven oil price to the actual oil price (left-hand axis). This tells us that the oil price is a key determinant of the government’s fiscal position. This relationship was less pronounced in the early 1990s, again due to post-war recon ...
Measuring Inflation
... •Weights determined by survey about actual purchases in 2003 and 2004. Weights are revised every two years to adjust for changing tastes and priorities. •In each year, more than 5,000 families from around the country provided information on their spending habits in a series of quarterly interviews. ...
... •Weights determined by survey about actual purchases in 2003 and 2004. Weights are revised every two years to adjust for changing tastes and priorities. •In each year, more than 5,000 families from around the country provided information on their spending habits in a series of quarterly interviews. ...
MacroIntro
... of monetary policy. • Expectations based models also offer explanation for volatility of exchange rates. ...
... of monetary policy. • Expectations based models also offer explanation for volatility of exchange rates. ...
Interest Rate Rules and Equilibrium Stability
... In this paper, I show how introducing deep habits into a model affect the performance of simple interest rate rules, and assess whether the Taylor principle is a sufficient condition for determinacy. I analyze a standard new Keynesian model economy, and in this framework allow for households to exhi ...
... In this paper, I show how introducing deep habits into a model affect the performance of simple interest rate rules, and assess whether the Taylor principle is a sufficient condition for determinacy. I analyze a standard new Keynesian model economy, and in this framework allow for households to exhi ...
Real GDP vs. Nominal GDP
... GDP (gross domestic product) is the most important economic variable to macroeconomists. Nominal or current GDP , or just GDP , is the total value of all new goods and services produced in an economy during a specified period of time without the general change in the price level (inflation or deflat ...
... GDP (gross domestic product) is the most important economic variable to macroeconomists. Nominal or current GDP , or just GDP , is the total value of all new goods and services produced in an economy during a specified period of time without the general change in the price level (inflation or deflat ...
chapter summary
... Macroeconomics focuses on the national economy. A standard measure of performance is the growth of real gross domestic product, or real GDP, the value of all final goods and services produced in the nation during the year. The economy has two phases: periods of expansion and periods of contraction. ...
... Macroeconomics focuses on the national economy. A standard measure of performance is the growth of real gross domestic product, or real GDP, the value of all final goods and services produced in the nation during the year. The economy has two phases: periods of expansion and periods of contraction. ...