Postwar Macroeconomics: The Evolution of Events and Ideas
... the factors that influence the division of changes in aggregate demand between prices and real output. In the early postwar years macroeconomics was almost exclusively concerned with the explanation of aggregate demand within a Keynesian framework that emphasized the need for an activist fiscal poli ...
... the factors that influence the division of changes in aggregate demand between prices and real output. In the early postwar years macroeconomics was almost exclusively concerned with the explanation of aggregate demand within a Keynesian framework that emphasized the need for an activist fiscal poli ...
NBER WORKING PAPER SERIES OPTIMAL FISCAL AND MONETARY POLICY EXPANDED VERSION
... The government is assumed to be benevolent in the Ramsey sense, that is, it seeks to bring about the competitive equilibrium that maximizes the lifetime utility of the representative agent and has access to a commitment technology that allows it to honor its promises. The policy instruments availabl ...
... The government is assumed to be benevolent in the Ramsey sense, that is, it seeks to bring about the competitive equilibrium that maximizes the lifetime utility of the representative agent and has access to a commitment technology that allows it to honor its promises. The policy instruments availabl ...
Macroeconomic Effects of Fiscal Policy
... new employees receive higher income and are able to increase their consumption, and also changes in e.g. the consumption and savings behaviour of households and firms. Therefore, the aggregate economic effects of fiscal policy can be determined only through an economic model and all models are based ...
... new employees receive higher income and are able to increase their consumption, and also changes in e.g. the consumption and savings behaviour of households and firms. Therefore, the aggregate economic effects of fiscal policy can be determined only through an economic model and all models are based ...
GDP and the Standard of Living C H A P T E R C H E C K L I S T
... households on consumption goods and services. Investment is the purchase of new capital goods (tools, instruments, machines, buildings, and other constructions) and additions to inventories. ...
... households on consumption goods and services. Investment is the purchase of new capital goods (tools, instruments, machines, buildings, and other constructions) and additions to inventories. ...
21.2 measuring us gdp
... Measures GDP by using data on consumption expenditure, investment, government expenditure on goods and services, and net exports. ...
... Measures GDP by using data on consumption expenditure, investment, government expenditure on goods and services, and net exports. ...
EN EN 1. Introduction Regulation (EU) No 473/2013 of the
... template provided below. While, in principle and under more normal market conditions, foreseen issuance plans should be reported for several quarters ahead, under the current market conditions such issuance forecasts might be difficult to make or be of limited informational value. Therefore, it is s ...
... template provided below. While, in principle and under more normal market conditions, foreseen issuance plans should be reported for several quarters ahead, under the current market conditions such issuance forecasts might be difficult to make or be of limited informational value. Therefore, it is s ...
1 - Samba
... The peak-to-trough decline in the Tokyo stock-market last year was 48%. The total peak-to-trough fall in GNP in America may be as little as 1.2%. Japan’s industrial production plunged 13.5% from peak to trough. Economists reckon that America’s recession has now reached its trough. GDP actually reach ...
... The peak-to-trough decline in the Tokyo stock-market last year was 48%. The total peak-to-trough fall in GNP in America may be as little as 1.2%. Japan’s industrial production plunged 13.5% from peak to trough. Economists reckon that America’s recession has now reached its trough. GDP actually reach ...
Fiscal Policy Statement
... in the general budget 2014-15 shows progressive improvement over last year and the estimates presented in the Interim budget. However, they represent an imbalance in the revenue account which is not in conformity with the norms set forth in the amended FRBM Act, which mandates elimination of the eff ...
... in the general budget 2014-15 shows progressive improvement over last year and the estimates presented in the Interim budget. However, they represent an imbalance in the revenue account which is not in conformity with the norms set forth in the amended FRBM Act, which mandates elimination of the eff ...
2015 Budget Highlights “Transformational Agenda: Securing
... The 2014 Budget sought to re-align objectives to meet key national priorities in order to further enhance the resilience of the economy against risks, and promote accelerated growth and development with job creation. However, it would prove to be a tough year, as the economy was plagued by severe ma ...
... The 2014 Budget sought to re-align objectives to meet key national priorities in order to further enhance the resilience of the economy against risks, and promote accelerated growth and development with job creation. However, it would prove to be a tough year, as the economy was plagued by severe ma ...
Chapter 8 - The Citadel
... compare them on an international basis. There is a positive correlation between selfreported measures of life satisfaction and per capita real GDP. Some economists point to this as evidence that GDP is a good proxy measure for overall well-being. Slide 8-66 ...
... compare them on an international basis. There is a positive correlation between selfreported measures of life satisfaction and per capita real GDP. Some economists point to this as evidence that GDP is a good proxy measure for overall well-being. Slide 8-66 ...
Measuring the Economy*s Performance By J. A. Sacco
... Actual factor payments made to owners of the factors of production. When added together we still do not have GDI. Must add two other ...
... Actual factor payments made to owners of the factors of production. When added together we still do not have GDI. Must add two other ...
How Large Are The Political Costs of Fiscal Austerity?
... a causal effect of expenditure cuts on leader turnover. There may be a selection bias whereby leaders only cut expenditures if they think that they can do so without getting thrown out of power. One possibility for dealing with this is to use an instrumental variables strategy. To do so we need to ...
... a causal effect of expenditure cuts on leader turnover. There may be a selection bias whereby leaders only cut expenditures if they think that they can do so without getting thrown out of power. One possibility for dealing with this is to use an instrumental variables strategy. To do so we need to ...
`Beyond GDP` indicators?
... Opportunities and hope At the societal level… • Role of the financial crisis – Whilst its impact has been mixed, it has called the economic model into question further. In France and elsewhere, demand for Beyond GDP indicators has increased since the crisis. • Recognition of the role of indicators ...
... Opportunities and hope At the societal level… • Role of the financial crisis – Whilst its impact has been mixed, it has called the economic model into question further. In France and elsewhere, demand for Beyond GDP indicators has increased since the crisis. • Recognition of the role of indicators ...
Fiscal Policies and Rules in the Face of Revenue Volatility Within
... option is to adjust the fiscal stance, either by increasing non-SACU revenue, decreasing spending, or both. The debt pattern remains otherwise fixed.9 Optimal fiscal adjustment strategies are based on multiple instruments, as the composition of the adjustment is of utmost importance.10 Five strategi ...
... option is to adjust the fiscal stance, either by increasing non-SACU revenue, decreasing spending, or both. The debt pattern remains otherwise fixed.9 Optimal fiscal adjustment strategies are based on multiple instruments, as the composition of the adjustment is of utmost importance.10 Five strategi ...
Full-Text of Paper - American Economic Association
... resources – is a template for post‐disaster policies in developed countries. But Japan's initial convergence, from 1885 to roughly 1920, was powered first by mining and then by public equity issues. Government failure in an SOE‐led natural resources based “big push” wrough ...
... resources – is a template for post‐disaster policies in developed countries. But Japan's initial convergence, from 1885 to roughly 1920, was powered first by mining and then by public equity issues. Government failure in an SOE‐led natural resources based “big push” wrough ...
MS Word - of Planning Commission
... assistance inflows continued in this period and even showed normal growth with the result that there was a substantial built up in foreign reserves. Between the end of 1975-1976 and the end of 1977-1978 foreign reserves increased by Rs.3000 crores4 amounting to a reserve build up at an annual rate o ...
... assistance inflows continued in this period and even showed normal growth with the result that there was a substantial built up in foreign reserves. Between the end of 1975-1976 and the end of 1977-1978 foreign reserves increased by Rs.3000 crores4 amounting to a reserve build up at an annual rate o ...
Chapter 30
... Example: With real GDP held constant at 15 trillion dollars, show what happens to the consumption model when ...
... Example: With real GDP held constant at 15 trillion dollars, show what happens to the consumption model when ...
Chapter 1 U G F
... issue of transparency in fiscal operations and inter-generational equity in fiscal management and long term macroeconomic stability. Logically, fiscal deficit calculations presented to the Parliament in ‘Budget at a glance’ should reckon net effect of all such items taken to the Public Account. Howe ...
... issue of transparency in fiscal operations and inter-generational equity in fiscal management and long term macroeconomic stability. Logically, fiscal deficit calculations presented to the Parliament in ‘Budget at a glance’ should reckon net effect of all such items taken to the Public Account. Howe ...
2. Computable General Equilibrium Models: Macroeconomics and
... A further step in the closure debate was the 1979 paper of Taylor and Lisy. Their work was based on the intuition that the results of an applied CGE model are affected by an aspect which is not usually analysed. Based on their experience with an applied model for Brazil, they were particularly conce ...
... A further step in the closure debate was the 1979 paper of Taylor and Lisy. Their work was based on the intuition that the results of an applied CGE model are affected by an aspect which is not usually analysed. Based on their experience with an applied model for Brazil, they were particularly conce ...
Abenomics
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Abenomics (アベノミクス, Abenomikusu) refers to the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as prime minister of Japan. Abenomics is based upon ""three arrows"" of fiscal stimulus, monetary easing and structural reforms. The Economist characterized the program as a ""mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades.""The term ""Abenomics"" is a portmanteau of Abe and economics, and follows previous political neologisms for economic policies linked to specific leaders, such as Reaganomics, Clintonomics and Rogernomics.