macroeconomics
... Doug Curtis is a specialist in macroeconomics. He is the author of twenty research papers on fiscal policy, monetary policy, and economic growth and structural change. He has also prepared research reports for Canadian industry and government agencies and authored numerous working papers. He complet ...
... Doug Curtis is a specialist in macroeconomics. He is the author of twenty research papers on fiscal policy, monetary policy, and economic growth and structural change. He has also prepared research reports for Canadian industry and government agencies and authored numerous working papers. He complet ...
LCCARL082_en.pdf
... demand and the liquidity of the economy forcing the monetary authorities to engage in sterilization operations. However, the increase in expenditure can sustain higher levels of production due to the current and planned expansions of capacity in the oil sector. At the regional level the windfalls as ...
... demand and the liquidity of the economy forcing the monetary authorities to engage in sterilization operations. However, the increase in expenditure can sustain higher levels of production due to the current and planned expansions of capacity in the oil sector. At the regional level the windfalls as ...
PDF Full-text
... FDI flows using different econometric techniques for 83 developing countries’ data samples for the period 1984–2003. Their study revealed that an absence of internal conflict as well as ethnic tension, government stability, basic democratic rights and order significantly determine an inflow of FDI. ...
... FDI flows using different econometric techniques for 83 developing countries’ data samples for the period 1984–2003. Their study revealed that an absence of internal conflict as well as ethnic tension, government stability, basic democratic rights and order significantly determine an inflow of FDI. ...
THE MULTIPLIER EFFECT A FORMULA FOR THE SPENDING
... of planes from Boeing, the resulting expansion in aggregate demand is necessarily larger than $20 billion. Yet another effect is working in the opposite direction. While an increase in government purchases stimulates the aggregate demand for goods and services, it also causes the interest rate to ri ...
... of planes from Boeing, the resulting expansion in aggregate demand is necessarily larger than $20 billion. Yet another effect is working in the opposite direction. While an increase in government purchases stimulates the aggregate demand for goods and services, it also causes the interest rate to ri ...
Fiscal and Monetary Policies The Nominal Anchor
... (abstracting, in particular, from the theoretical possibility of explosive paths for in‡ation) an interest-rate rule that obeys the Taylor Principle (reacts to in‡ation with a coe¢ cient larger than unity) implies a unique bounded equilibrium, in a benchmark model the central bank’s feedback rule ma ...
... (abstracting, in particular, from the theoretical possibility of explosive paths for in‡ation) an interest-rate rule that obeys the Taylor Principle (reacts to in‡ation with a coe¢ cient larger than unity) implies a unique bounded equilibrium, in a benchmark model the central bank’s feedback rule ma ...
THE MIT DICTIONARY OF MODERN ECONOMICS
... those who have received the Nobel Prize for Economics should automatically gain mention. Others, perhaps no less deserving, receive mention because they have lent their names to a particular growth model, a theory of this or a theory of that. We have not eschewed the use of simple mathematical symbo ...
... those who have received the Nobel Prize for Economics should automatically gain mention. Others, perhaps no less deserving, receive mention because they have lent their names to a particular growth model, a theory of this or a theory of that. We have not eschewed the use of simple mathematical symbo ...
Standard Shocks in the OECD Interlink Model
... demand increase in all OECD countries, the second-round effects on output of individual countries are not only affected negatively by import leakages, but also positively by the increased foreign demand for exports. This means that the effects, at least initially, are much more substantial than if o ...
... demand increase in all OECD countries, the second-round effects on output of individual countries are not only affected negatively by import leakages, but also positively by the increased foreign demand for exports. This means that the effects, at least initially, are much more substantial than if o ...
Chapter 15
... • Correctly anticipating increases in the price level, people will adjust their money wage rates to ...
... • Correctly anticipating increases in the price level, people will adjust their money wage rates to ...
convergence report 1998
... nearly all countries, and in a number of Member States more favourable than planned in medium-term Convergence Programmes. Consistent with the aim of fostering sustainable economic growth, fiscal consolidation in recent years does appear to have been increasingly based on bringing down expenditure r ...
... nearly all countries, and in a number of Member States more favourable than planned in medium-term Convergence Programmes. Consistent with the aim of fostering sustainable economic growth, fiscal consolidation in recent years does appear to have been increasingly based on bringing down expenditure r ...
CZECH UNIVERSITY OF LIFE SCIENCES PRAGUE FACULTY OF
... inhabited land area. Being richly endowed with natural resources Russia has a huge potential of economic growth and can take a deserving place in the global arena in terms of international competitiveness. At the same time, in the light of “Natural resource curse” phenomenon, a lot of debates have b ...
... inhabited land area. Being richly endowed with natural resources Russia has a huge potential of economic growth and can take a deserving place in the global arena in terms of international competitiveness. At the same time, in the light of “Natural resource curse” phenomenon, a lot of debates have b ...
World Economic Outlook: Crisis and Recovery, April 2009
... since the start of the crisis will total $2.7 trillion, compared with an estimate of $2.2 trillion in the January 2009 GFSR Update. Including assets originated in other mature market economies, total write-downs could reach $4 trillion over the next two years, approximately two-thirds of which may b ...
... since the start of the crisis will total $2.7 trillion, compared with an estimate of $2.2 trillion in the January 2009 GFSR Update. Including assets originated in other mature market economies, total write-downs could reach $4 trillion over the next two years, approximately two-thirds of which may b ...
Current Account Reversals: Always a Problem?
... are interested in the determinants and consequences of current account reversals in modern-day emerging markets and how these compare with such reversals in their historical antecedents, then a sample that includes at most a couple of modern-day emerging markets is not likely to be representative of ...
... are interested in the determinants and consequences of current account reversals in modern-day emerging markets and how these compare with such reversals in their historical antecedents, then a sample that includes at most a couple of modern-day emerging markets is not likely to be representative of ...
Fiscal and Financial Crises
... century before central banks learned to be LLRs. • With the advent of deposit insurance and other forms of guarantees, banking panics became banking crises which were resolved by a fiscal rescue. ...
... century before central banks learned to be LLRs. • With the advent of deposit insurance and other forms of guarantees, banking panics became banking crises which were resolved by a fiscal rescue. ...
INFLATION A TWO-WEEK UNIT OF STUDY Albert Goldsmith
... a. A definition of inflation can be written and learned. b. Effective control of inflation requires a cooperative relationship between the government and the people e. Inflation does affect me. d. The most important job of the government is to control and support our money system. e. Inflation is th ...
... a. A definition of inflation can be written and learned. b. Effective control of inflation requires a cooperative relationship between the government and the people e. Inflation does affect me. d. The most important job of the government is to control and support our money system. e. Inflation is th ...
5 Progression in public provider-based tertiary
... The decision to participate in the education system is a complex one, especially at the tertiary level, and is influenced by more factors than just the state of the economic cycle. The cost of education, changes in tastes and preferences and changes in government policy are all among a myriad of fac ...
... The decision to participate in the education system is a complex one, especially at the tertiary level, and is influenced by more factors than just the state of the economic cycle. The cost of education, changes in tastes and preferences and changes in government policy are all among a myriad of fac ...
Chapter 11: Saving, Capital Accumulation, and Output
... – This model says that all countries should converge to the same level. ...
... – This model says that all countries should converge to the same level. ...
Determinants of FDI in Transition Economies: The Case of CIS
... now absorb more than half of global FDI, 29% of which comes from exchange between these countries. Outward FDI from these countries also have reached high records with most of their investment directed to other economies in transition. On the other hand, FDI inflows to developed countries continued ...
... now absorb more than half of global FDI, 29% of which comes from exchange between these countries. Outward FDI from these countries also have reached high records with most of their investment directed to other economies in transition. On the other hand, FDI inflows to developed countries continued ...
Economic Commentaries
... in the longer run. This is the reason why central banks mainly use measures that are stripped of temporary price changes for describing outcomes, not for guiding monetary policy.10 But rising oil prices can also have more long-term effects if they lead producers of goods and services to increase the ...
... in the longer run. This is the reason why central banks mainly use measures that are stripped of temporary price changes for describing outcomes, not for guiding monetary policy.10 But rising oil prices can also have more long-term effects if they lead producers of goods and services to increase the ...
Chapter 4
... straight line would depict increases that were the same amount each period (such as, $5,000 per month) but would then be a declining rate of growth (percentage change) each period. In equilibrium, the rate of growth (percentage change) is constant from period to period, which means the amount of gro ...
... straight line would depict increases that were the same amount each period (such as, $5,000 per month) but would then be a declining rate of growth (percentage change) each period. In equilibrium, the rate of growth (percentage change) is constant from period to period, which means the amount of gro ...
Aggregate Supply
... 13-1 Three Models of Aggregate Supply When classes in physics study balls rolling down inclined planes, they often begin by assuming away the existence of friction.This assumption makes the problem simpler and is useful in many circumstances, but no good engineer would ever take this assumption as a ...
... 13-1 Three Models of Aggregate Supply When classes in physics study balls rolling down inclined planes, they often begin by assuming away the existence of friction.This assumption makes the problem simpler and is useful in many circumstances, but no good engineer would ever take this assumption as a ...
Modeling the Volatility of Real GDP Growth
... model, either a symmetric or an asymmetric specification. Non-normally distributed residuals may emerge by not modeling the extraordinary change in the growth series. Second, the IGARCH effect or high volatility persistence remains, when we introduce two structural breaks in the mean equation. Third ...
... model, either a symmetric or an asymmetric specification. Non-normally distributed residuals may emerge by not modeling the extraordinary change in the growth series. Second, the IGARCH effect or high volatility persistence remains, when we introduce two structural breaks in the mean equation. Third ...
Official PDF , 258 pages
... the capacity of a given rate of export expansion to generate a pattern of overall economic (GDP) growth. This relationship is the result of long-run balance of payments equilibrium conditions. Using this framework, the authors claim that Latin America has slowly narrowed the productivity gap, but th ...
... the capacity of a given rate of export expansion to generate a pattern of overall economic (GDP) growth. This relationship is the result of long-run balance of payments equilibrium conditions. Using this framework, the authors claim that Latin America has slowly narrowed the productivity gap, but th ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... consumption Euler equation reduces to the simple Fisher relation ...
... consumption Euler equation reduces to the simple Fisher relation ...
Structural Unemployment in Japan - Pacific Economic Cooperation
... Employment adjustment speed was slow, because of high fixed costs due to long-term employment and accumulated firm-specific skills though intensive OJT. Discouraged-worker effect among women contributed to reduce labor supply during recessions. Smooth transition from school to work was ensured throu ...
... Employment adjustment speed was slow, because of high fixed costs due to long-term employment and accumulated firm-specific skills though intensive OJT. Discouraged-worker effect among women contributed to reduce labor supply during recessions. Smooth transition from school to work was ensured throu ...
NBER WORKING PAPER SERIES CREDIT SPREADS AND MONETARY POLICY Vasco Cúrdia Michael Woodford
... to the conduct of monetary policy continue to provide reasonable guidelines under such circumstances? For example, the Federal Reserve aggressively reduced its operating target for the federal funds rate in late 2007 and January 2008, though official statistics did not yet indicate that real GDP was ...
... to the conduct of monetary policy continue to provide reasonable guidelines under such circumstances? For example, the Federal Reserve aggressively reduced its operating target for the federal funds rate in late 2007 and January 2008, though official statistics did not yet indicate that real GDP was ...