SimEcon Project Presentation
... Shows the economic results of two different types of externalities and appropriate policies to internalize these externalities. In Positive Externalities, you subsidize vaccine production and development costs in order to maximize total net benefits to society from providing flu shots. You may view ...
... Shows the economic results of two different types of externalities and appropriate policies to internalize these externalities. In Positive Externalities, you subsidize vaccine production and development costs in order to maximize total net benefits to society from providing flu shots. You may view ...
AUBG ECO 302 A F I N A L E X A M
... 4) If the marginal product of capital doesn't change as the amount of capital increases, a figure showing the relationship between output and capital A) is a straight line with constant upward slope. B) slopes upward with a slope that declines as the amount of capital increases. C) is a vertical lin ...
... 4) If the marginal product of capital doesn't change as the amount of capital increases, a figure showing the relationship between output and capital A) is a straight line with constant upward slope. B) slopes upward with a slope that declines as the amount of capital increases. C) is a vertical lin ...
NBER WORKING PAPER SERIES OPTIMAL MONETARY GROWTH WITH ACCOMODATING FISCAL POLICY
... paper has two objectives. The first is to investigate the issue for a small open economy. The second, which we shall see is a natural extension of the first, is to determine the optimal rate of monetary growth as part of a broader optimal macroeconomic policy package for such an economy. The framewo ...
... paper has two objectives. The first is to investigate the issue for a small open economy. The second, which we shall see is a natural extension of the first, is to determine the optimal rate of monetary growth as part of a broader optimal macroeconomic policy package for such an economy. The framewo ...
THE THEORY OF THE GLOBAL “SAVINGS GLUT”
... term rate may rise with a reduction in income, if the perception of risk, associated with the long-term asset, increases owing to such a reduction. The “savings glut” theory however is erroneous not just because incomes will fall on account of such a “glut” but even on its own terms, i.e. even when ...
... term rate may rise with a reduction in income, if the perception of risk, associated with the long-term asset, increases owing to such a reduction. The “savings glut” theory however is erroneous not just because incomes will fall on account of such a “glut” but even on its own terms, i.e. even when ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... deficit is determined by an identity, as is the federal government debt. There is an estimated equation determining the interest payments of the federal government as a function of interest rates and the government debt. The ROW model consists of estimated equations for 37 countries. There are up to ...
... deficit is determined by an identity, as is the federal government debt. There is an estimated equation determining the interest payments of the federal government as a function of interest rates and the government debt. The ROW model consists of estimated equations for 37 countries. There are up to ...
Ch21 - 山东大学课程中心
... Chapter 21 Monetary and Fiscal Policy in the ISLM Model 1. If taxes and government spending rise by equal amounts. what will happen to the position of the IS curve? Explain this outcome with a Keynesian cross diagram. 2. What happened to the IS curve during the Great Depression when investment spend ...
... Chapter 21 Monetary and Fiscal Policy in the ISLM Model 1. If taxes and government spending rise by equal amounts. what will happen to the position of the IS curve? Explain this outcome with a Keynesian cross diagram. 2. What happened to the IS curve during the Great Depression when investment spend ...
Chapter 1
... integrated throughout the world. • The international financial system has tremendous impact on domestic economies: – How a country’s choice of exchange rate policy affect its monetary policy? – How capital controls impact domestic financial systems and therefore the performance of the economy? – Whi ...
... integrated throughout the world. • The international financial system has tremendous impact on domestic economies: – How a country’s choice of exchange rate policy affect its monetary policy? – How capital controls impact domestic financial systems and therefore the performance of the economy? – Whi ...
... bill. They may find this situation as ideal to invest, because of macroeconomic stability. They may also feel that low dollar value against rupee will boost local intermediary industries, because imports have become inexpensive. The country where intermediate industries are great in number is found ...
Recitation Material - Matthew H. Shapiro
... 4. (2.5 pts) What is the official name for the paper currency used in the USA? Is it commodity or fiat currency? Explain The paper currency used in the USA is called Federal Reserve Notes. It is an example of fiat currency, because it is not backed up by the value of an underlying asset. 5. (2.5 pts ...
... 4. (2.5 pts) What is the official name for the paper currency used in the USA? Is it commodity or fiat currency? Explain The paper currency used in the USA is called Federal Reserve Notes. It is an example of fiat currency, because it is not backed up by the value of an underlying asset. 5. (2.5 pts ...
Avoiding some costs of inflation and crawling toward hyperinflation
... currency. The m o n e y market deposits pay a real rate of interest r 1, b e t w e e n period 1 and period 2. The m o n e y market n o m i n a l c o n t i n u o u s rate (Tr + r~) is contracted b e t w e e n the b a n k and the households in period 1. The inflation rate 7r is a s s u m e d k n o w n ...
... currency. The m o n e y market deposits pay a real rate of interest r 1, b e t w e e n period 1 and period 2. The m o n e y market n o m i n a l c o n t i n u o u s rate (Tr + r~) is contracted b e t w e e n the b a n k and the households in period 1. The inflation rate 7r is a s s u m e d k n o w n ...
Economic Growth and Instability
... Rates are lower for white-collar workers Teenagers have the highest rates Blacks have higher rates than whites Rates for males and females are comparable, though females had a lower rate in 2002 Less-educated workers, on average, have higher unemployment rates than workers with more education. ...
... Rates are lower for white-collar workers Teenagers have the highest rates Blacks have higher rates than whites Rates for males and females are comparable, though females had a lower rate in 2002 Less-educated workers, on average, have higher unemployment rates than workers with more education. ...
Recent studies have found that PEFM is more likely in new
... In an analysis of speculative attacks in ninety developing countries, Leblang (2003) finds that governments are most likely to defend the value of their currency prior to an election, and argues that governments’ greater commitment to their exchange rate peg reduces the likelihood of a pre-electoral ...
... In an analysis of speculative attacks in ninety developing countries, Leblang (2003) finds that governments are most likely to defend the value of their currency prior to an election, and argues that governments’ greater commitment to their exchange rate peg reduces the likelihood of a pre-electoral ...
1. Which of the following is included in U.S. GDP? I. The market
... 35. Suppose yesterday the euro was trading on the foreign exchange market at $1.36 U. S. and today it is trading at $1.40 U.S. Which of the following is true? (A) The U.S. dollar has appreciated. (B) The euro has depreciated. (C) Interest rates in the United States have decreased. (D) The deman ...
... 35. Suppose yesterday the euro was trading on the foreign exchange market at $1.36 U. S. and today it is trading at $1.40 U.S. Which of the following is true? (A) The U.S. dollar has appreciated. (B) The euro has depreciated. (C) Interest rates in the United States have decreased. (D) The deman ...
lesson 3
... 5. In 1980, the unemployment rate was no lower than it had been in 1960, but inflation was much higher. Between 1980 and 1982, the economy experienced a recession and unemployment rose. Explain the general effect of a recession on unemployment and inflation. Then explain why the recession of 1980-82 ...
... 5. In 1980, the unemployment rate was no lower than it had been in 1960, but inflation was much higher. Between 1980 and 1982, the economy experienced a recession and unemployment rose. Explain the general effect of a recession on unemployment and inflation. Then explain why the recession of 1980-82 ...
NBER WORKING PAPER SERIES THE EURO AND THE STABILITY PACT Martin Feldstein
... deficit as “cyclical” only when unemployment has temporarily increased. By that standard, a country that has a 10 percent unemployment rate and that has had a 10 percent rate for the past three years does not have a cyclically elevated unemployment rate and is not in a temporary downturn. The entir ...
... deficit as “cyclical” only when unemployment has temporarily increased. By that standard, a country that has a 10 percent unemployment rate and that has had a 10 percent rate for the past three years does not have a cyclically elevated unemployment rate and is not in a temporary downturn. The entir ...
Executive MBA Program
... The purpose of this session is to help you understand trade policy, what the international monetary system is and how the choice of system affects currency values. It also provides an historical background of the international monetary system. This gives you perspective when trying to interpret the ...
... The purpose of this session is to help you understand trade policy, what the international monetary system is and how the choice of system affects currency values. It also provides an historical background of the international monetary system. This gives you perspective when trying to interpret the ...
Lecture Notes Chapter 6
... always is, inflation rate is positive When price level is falling, as it did during Great Depression, we have a negative inflation rate Called deflation ...
... always is, inflation rate is positive When price level is falling, as it did during Great Depression, we have a negative inflation rate Called deflation ...
Political ups and downs
... cooling in Southern Ontario’s hottest markets. Tight demand-supply conditions kept sellers in the driver’s seat, pushing Toronto home prices up roughly 30% from a year earlier. Upward pressure has spilled over with several markets outside the GTA now seeing 20% price growth. Faced with deteriorating ...
... cooling in Southern Ontario’s hottest markets. Tight demand-supply conditions kept sellers in the driver’s seat, pushing Toronto home prices up roughly 30% from a year earlier. Upward pressure has spilled over with several markets outside the GTA now seeing 20% price growth. Faced with deteriorating ...
Lecture 9 - University of California, Berkeley
... Lenders set nominal rates so as to avoid unexpected costs of inflation They decide on an acceptable real rate r Set nominal interest rate so that ...
... Lenders set nominal rates so as to avoid unexpected costs of inflation They decide on an acceptable real rate r Set nominal interest rate so that ...
Does Open Market Operations as a Monetary Policy tool have
... As have been observed over the years, Nigeria’s consumer prices are very volatile, and more unpredictable than in other emerging market economies countries due to policy inconsistency of monetary policy regulators and again partly because of the long rule of military regime in the country, which cre ...
... As have been observed over the years, Nigeria’s consumer prices are very volatile, and more unpredictable than in other emerging market economies countries due to policy inconsistency of monetary policy regulators and again partly because of the long rule of military regime in the country, which cre ...
On The Derivation and Consistent Use of Growth and Discount
... Webegan with the neoclassical theory of the firm and the theory of intertemporal utility maximization. From the neoclassical theory, the discrete time and continuous time growth rates for earnings were derived. From the theory of intertemporal utility maximization the discrete time and continuous ti ...
... Webegan with the neoclassical theory of the firm and the theory of intertemporal utility maximization. From the neoclassical theory, the discrete time and continuous time growth rates for earnings were derived. From the theory of intertemporal utility maximization the discrete time and continuous ti ...
This version: August 30, 2000 Forthcoming, Journal of Money, Credit
... endogenous credit constraints driven by collateral or margin requirements.5 In most models proposed in this literature, credit constraints are either always binding (as in Kiyotaki and Moore (1997) or Bernanke, Gertler and Girlchrist (1998)) or occasionally binding in the short run but never binding ...
... endogenous credit constraints driven by collateral or margin requirements.5 In most models proposed in this literature, credit constraints are either always binding (as in Kiyotaki and Moore (1997) or Bernanke, Gertler and Girlchrist (1998)) or occasionally binding in the short run but never binding ...