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The Environmental Consequences of Stagnation in Nicaragua
... Following Taylor (1991) recent events in the Nicaraguan economy can be described in terms of three “gaps,” in capacity utilization growth space. The savings gap relates growth to the sum of capital inflow net of debt service, private savings less capital flight and the inflation tax minus the public ...
... Following Taylor (1991) recent events in the Nicaraguan economy can be described in terms of three “gaps,” in capacity utilization growth space. The savings gap relates growth to the sum of capital inflow net of debt service, private savings less capital flight and the inflation tax minus the public ...
Economics 514
... Assume that income in period 1 is known to be 125 with 50% probability and 75 with 50% probability. Calculate the expected value of income in period 1. Calculate the expected value of marginal utility in period 1 when c0 = 100 as in 1c under the three different utility functions in 1d. Is this great ...
... Assume that income in period 1 is known to be 125 with 50% probability and 75 with 50% probability. Calculate the expected value of income in period 1. Calculate the expected value of marginal utility in period 1 when c0 = 100 as in 1c under the three different utility functions in 1d. Is this great ...
Macroeconomics Chamberlin and Yueh
... • Effective Exchange Rate: The effective exchange rate (also known as the multilateral exchange rate) is the exchange rate against a basket of various currencies. This is a weighted average of bilateral exchange rates and provides a more realistic idea of a currency’s strength. The weights attached ...
... • Effective Exchange Rate: The effective exchange rate (also known as the multilateral exchange rate) is the exchange rate against a basket of various currencies. This is a weighted average of bilateral exchange rates and provides a more realistic idea of a currency’s strength. The weights attached ...
del11 Carlin 16783019 en
... current account balance (Table 1, Col. 2 and 7 ). Ireland's current account balance deteriorated more or less continuously from a small surplus in 1999 to a deficit of 5.3% of GDP in 2007. This reflects over-heating of the domestic economy. Table 1 also reports an indicator of export market performa ...
... current account balance (Table 1, Col. 2 and 7 ). Ireland's current account balance deteriorated more or less continuously from a small surplus in 1999 to a deficit of 5.3% of GDP in 2007. This reflects over-heating of the domestic economy. Table 1 also reports an indicator of export market performa ...
NBER WORKING PAPER SERIES BOOM-BUST CYCLES IN MIDDLE INCOME COUNTRIES: Aaron Tornell
... N-sector is heavily dependent on bank credit. Banks in turn are strongly exposed to the N-sector and denominate their liabilities mostly in foreign currency. Furthermore, banks’ lending is constrained both by their capital and that of the firms they lend to. How can we explain the simultaneous occur ...
... N-sector is heavily dependent on bank credit. Banks in turn are strongly exposed to the N-sector and denominate their liabilities mostly in foreign currency. Furthermore, banks’ lending is constrained both by their capital and that of the firms they lend to. How can we explain the simultaneous occur ...
AP Macro - Sect. 6 PP no bkgd
... Most believe monetary and fiscal policy can’t keep unemployment below the natural rate in the long-run Should Fiscal Policy be Used in a Discretionary Way? Most believe tax cuts and spending increases are somewhat effective in increasing aggregate demand ...
... Most believe monetary and fiscal policy can’t keep unemployment below the natural rate in the long-run Should Fiscal Policy be Used in a Discretionary Way? Most believe tax cuts and spending increases are somewhat effective in increasing aggregate demand ...
Economic environment - World Trade Organization
... The Solomon Islands maintains an exchange system that is free of restrictions on payments and transfers for current international transactions. The policy on exchange controls is administered by the CBSI and is contained in the Exchange Control (Foreign Exchange) Regulations 1977 under Section 3 of ...
... The Solomon Islands maintains an exchange system that is free of restrictions on payments and transfers for current international transactions. The policy on exchange controls is administered by the CBSI and is contained in the Exchange Control (Foreign Exchange) Regulations 1977 under Section 3 of ...
Demand for bonds - Iowa State University Department of Economics
... d) Why is it true that in a world with easy accessibility to information and without transactions costs, financial intermediaries would not exist? If there is easy accessibility to information and no transactions costs, people could make loans to each other at no costs, and would thus have no need f ...
... d) Why is it true that in a world with easy accessibility to information and without transactions costs, financial intermediaries would not exist? If there is easy accessibility to information and no transactions costs, people could make loans to each other at no costs, and would thus have no need f ...
Lecture31(Ch28)
... • First, the Fed lowers the interest rate when it shouldn’t have (the mistake Kelly McGillis warned Tom Cruise about)--this causes a boom • Then the Fed undoes the mistake by shifting monetary policy back towards a lower inflation rate ...
... • First, the Fed lowers the interest rate when it shouldn’t have (the mistake Kelly McGillis warned Tom Cruise about)--this causes a boom • Then the Fed undoes the mistake by shifting monetary policy back towards a lower inflation rate ...
Document
... in such a way as to bring about continued increases in aggregate demand is the money supply. • Money Supply is the only factor that can continually increase without causing a reduction in one of the four components of total expenditures: consumption, investment, government purchases, or net exports. ...
... in such a way as to bring about continued increases in aggregate demand is the money supply. • Money Supply is the only factor that can continually increase without causing a reduction in one of the four components of total expenditures: consumption, investment, government purchases, or net exports. ...
real interest rate
... Financial markets work much like other markets in the economy. The equilibrium of the supply and demand for loanable funds determines the real interest rate. ...
... Financial markets work much like other markets in the economy. The equilibrium of the supply and demand for loanable funds determines the real interest rate. ...
Fed Could Allow Higher Inflation as Interest Rates Remain Low
... Taken together, the two papers conclude that increased demand for safe and liquid assets such as 10-year Treasury notes will continue to hold down yields, making it difficult for the central bank to raise its benchmark short-term interest rate while sticking to its 2% annual inflation target. One re ...
... Taken together, the two papers conclude that increased demand for safe and liquid assets such as 10-year Treasury notes will continue to hold down yields, making it difficult for the central bank to raise its benchmark short-term interest rate while sticking to its 2% annual inflation target. One re ...
Cash Dollars Abroad - Federal Reserve Bank of New York
... latter independently. Such work has been substantially impeded by lack of data availability, particularly for developing countries. Several exceptions include Mongardini and Mueller (2000) who use data on secondary cash holdings to estimate currency-substitution ratios for the Kyrgyz Republic; Grube ...
... latter independently. Such work has been substantially impeded by lack of data availability, particularly for developing countries. Several exceptions include Mongardini and Mueller (2000) who use data on secondary cash holdings to estimate currency-substitution ratios for the Kyrgyz Republic; Grube ...
Izmir University of Economics Name: Department of
... decreases, equilibrium Y decreases in the goods market and this causes money demand to shift to the left in the money market. As a result, interest rate increases less than it would have if the demand for money had not decreased. 3. (14 points, 2 points each) Examine the following list of goods and ...
... decreases, equilibrium Y decreases in the goods market and this causes money demand to shift to the left in the money market. As a result, interest rate increases less than it would have if the demand for money had not decreased. 3. (14 points, 2 points each) Examine the following list of goods and ...
Chapter 13 - University of Alberta
... • During 1970-2003 there was a number of productivity shocks as well as changes in government and macroeconomic policies. • A negative relationship between unanticipated inflation and cyclical unemployment does appear in the data. ...
... • During 1970-2003 there was a number of productivity shocks as well as changes in government and macroeconomic policies. • A negative relationship between unanticipated inflation and cyclical unemployment does appear in the data. ...
20140501 Problem Set 6 Answers Draft
... same rate it has grown since 1900. And suppose savings makes the capital stock three times annual output. What will total real GDP be in 2100? ...
... same rate it has grown since 1900. And suppose savings makes the capital stock three times annual output. What will total real GDP be in 2100? ...
quiz no.6 - Kuwait University - College of Business Administration
... 6. The combination of a successful wage push by workers and the government's commitment to high employment leads to A) demand-pull inflation. B) supply-side inflation. C) supply-shock inflation. D) cost-push inflation. Answer: D 7. Theoretically, one can distinguish a demand-pull inflation from a c ...
... 6. The combination of a successful wage push by workers and the government's commitment to high employment leads to A) demand-pull inflation. B) supply-side inflation. C) supply-shock inflation. D) cost-push inflation. Answer: D 7. Theoretically, one can distinguish a demand-pull inflation from a c ...
NBER WORKING PAPER SERIES DOLLARIZATION, INFLATION AND GROWTH Sebastian Edwards I. Igal Magendzo
... The recurrence of currency crises in emerging countries has generated an intense debate on exchange rate policies. Pegged-but-adjustable exchange rate regimes have rapidly lost adepts, while hard pegs and freely floating rates have gained in popularity (See Summers 2000 and Fischer, 2001). A growing ...
... The recurrence of currency crises in emerging countries has generated an intense debate on exchange rate policies. Pegged-but-adjustable exchange rate regimes have rapidly lost adepts, while hard pegs and freely floating rates have gained in popularity (See Summers 2000 and Fischer, 2001). A growing ...
Economics II
... The course aims to provide an introduction to the main stylised facts of macroeconomics and to the techniques needed for analysing basic macroeconomic models. A special emphasis will go to analysing growth and fluctuations, with an accent on the role of both market imperfections in the short, medium ...
... The course aims to provide an introduction to the main stylised facts of macroeconomics and to the techniques needed for analysing basic macroeconomic models. A special emphasis will go to analysing growth and fluctuations, with an accent on the role of both market imperfections in the short, medium ...
FRBSF E L CONOMIC ETTER
... On September 20, the Federal Open Market Committee, the nation’s monetary policymaking body, raised its target level of the federal funds rate by 25 basis points, the eleventh straight increase over the last fifteen months. The statement released immediately after the meeting said,“With underlying i ...
... On September 20, the Federal Open Market Committee, the nation’s monetary policymaking body, raised its target level of the federal funds rate by 25 basis points, the eleventh straight increase over the last fifteen months. The statement released immediately after the meeting said,“With underlying i ...
Internationalized Production in a Small Open Economy Aur´ elien Eyquem G¨
... implications of introducing an imported intermediate input into an open economy model. They focus on fiscal policy issues in an otherwise standard Mundell-Fleming model and show that oil trade may give some stabilization power to fiscal policy even in a flexible exchange rate system. More recently, ...
... implications of introducing an imported intermediate input into an open economy model. They focus on fiscal policy issues in an otherwise standard Mundell-Fleming model and show that oil trade may give some stabilization power to fiscal policy even in a flexible exchange rate system. More recently, ...
Principles of Economics
... - this often happens during recessions ( a recent example: it happened in the U.S. in 2009): - the recession implies that the economy’s output is falling - which means fewer jobs are available - which leads to more “ discouraged workers” - which may mean that the UR will decrease - this could fool o ...
... - this often happens during recessions ( a recent example: it happened in the U.S. in 2009): - the recession implies that the economy’s output is falling - which means fewer jobs are available - which leads to more “ discouraged workers” - which may mean that the UR will decrease - this could fool o ...
Date
... 1. In the long run, the level of national income in an economy is determined by its: A) factors of production and production function. B) real and nominal interest rate. C) government budget surplus or deficit. D) rate of economic and accounting profit. 2. The two most important factors of productio ...
... 1. In the long run, the level of national income in an economy is determined by its: A) factors of production and production function. B) real and nominal interest rate. C) government budget surplus or deficit. D) rate of economic and accounting profit. 2. The two most important factors of productio ...
MACRO-ECONOMICS By Sabina Taghiyeva Questions
... 53. Please, explain aggregated demand 54. How change in money supply affects aggregated demand? Why? Please, use graphs to explain. 55. Please explain what are aggregated supply, LRAS and SRAS? 56. Why aggregated supply is differentiated in long and short run? What causes it? 57. When there is shock ...
... 53. Please, explain aggregated demand 54. How change in money supply affects aggregated demand? Why? Please, use graphs to explain. 55. Please explain what are aggregated supply, LRAS and SRAS? 56. Why aggregated supply is differentiated in long and short run? What causes it? 57. When there is shock ...
SurvivingEMU
... revised upwards by almost three percentage points as well. 3. As a result, Greece still struggles to satisfy the fiscal requirements of the stability and growth pact, especially the debt criterion. It has to be noted that the fiscal difficulties remain despite the dramatic fall in interest rates. In ...
... revised upwards by almost three percentage points as well. 3. As a result, Greece still struggles to satisfy the fiscal requirements of the stability and growth pact, especially the debt criterion. It has to be noted that the fiscal difficulties remain despite the dramatic fall in interest rates. In ...