Labor Income Tax and Output
... The present paper develops a SVAR model with two variables, namely the real output growth rate and the labor income tax rate. These two variables are used to isolate the supply and the demand-side effects. We define two structural disturbances on the basis of the nature of their impact on output. Th ...
... The present paper develops a SVAR model with two variables, namely the real output growth rate and the labor income tax rate. These two variables are used to isolate the supply and the demand-side effects. We define two structural disturbances on the basis of the nature of their impact on output. Th ...
Free Full text
... in early 2016 expenditure and revenue initiatives with estimated annual fiscal costs of 3 percent of GDP. After the opposition won a majority in parliament in September, the President announced his resignation and the Vice President took over. With low commodity prices and strong tourist arrivals, t ...
... in early 2016 expenditure and revenue initiatives with estimated annual fiscal costs of 3 percent of GDP. After the opposition won a majority in parliament in September, the President announced his resignation and the Vice President took over. With low commodity prices and strong tourist arrivals, t ...
Fixed Prices and Expenditure Plans
... The consumption function has shifted upward over time because economic growth has created greater wealth and higher expected future income. The assumed MPC in the figure is 0.9. ...
... The consumption function has shifted upward over time because economic growth has created greater wealth and higher expected future income. The assumed MPC in the figure is 0.9. ...
an evaluation of the economic effects of austria`s - Fritz Breuss
... with accession to the EU (elimination of border controls for movement of goods; the free trade agreement from 1972 had already provided for a free trade area – for industrial goods, but not agricultural products – between the EU and EFTA from 1977 onwards). Domestic production that had previously be ...
... with accession to the EU (elimination of border controls for movement of goods; the free trade agreement from 1972 had already provided for a free trade area – for industrial goods, but not agricultural products – between the EU and EFTA from 1977 onwards). Domestic production that had previously be ...
Achieving full employment in the transition economies
... the breakdown of many trading relations created uncertainties about suppliers and markets and, furthermore, some countries were already in trouble with the balance of payments. However, given the opening up of the economies and by and large sustained political changes which prevented a return to a c ...
... the breakdown of many trading relations created uncertainties about suppliers and markets and, furthermore, some countries were already in trouble with the balance of payments. However, given the opening up of the economies and by and large sustained political changes which prevented a return to a c ...
Ch 6 Measuring Total Output and Income
... It is early morning when a half-dozen senior officials enter the room at the Commerce Department in Washington. Once inside, they will have no communication with the outside world until they have completed their work later that day. They will have no telephone, no computer links. They will be able t ...
... It is early morning when a half-dozen senior officials enter the room at the Commerce Department in Washington. Once inside, they will have no communication with the outside world until they have completed their work later that day. They will have no telephone, no computer links. They will be able t ...
The aggregate effects of government income transfer shocks
... number of nonzero observations; there are more pension increases than pension cuts. The sign variation of the measures might reflect particularities of the sample period. During the first years we find a number of measures taken as the result of the generalization of the economic and financial crisis to ...
... number of nonzero observations; there are more pension increases than pension cuts. The sign variation of the measures might reflect particularities of the sample period. During the first years we find a number of measures taken as the result of the generalization of the economic and financial crisis to ...
to a PDF of this article which includes
... The WSJ Survey predicts the CPI will grow 3.1% over the twelve months ended December 2011and 2.2% in the twelve months ended June and December 2012, respectively.15 Economists at Bank of America/Merrill Lynch (“BAC economists”) expect the CPI to increase 1.2%, 1.2%, and 1.5% (SAAR) during the fourth ...
... The WSJ Survey predicts the CPI will grow 3.1% over the twelve months ended December 2011and 2.2% in the twelve months ended June and December 2012, respectively.15 Economists at Bank of America/Merrill Lynch (“BAC economists”) expect the CPI to increase 1.2%, 1.2%, and 1.5% (SAAR) during the fourth ...
Public Finance
... Commission. The General Budget 2015-16 was presented in a more stable economic environment as compared to the just preceding years, with the economy showing signs of revival of growth. Against this background, the fiscal policy for 2015-16 was calibrated with three main objectives: first, to amplify ...
... Commission. The General Budget 2015-16 was presented in a more stable economic environment as compared to the just preceding years, with the economy showing signs of revival of growth. Against this background, the fiscal policy for 2015-16 was calibrated with three main objectives: first, to amplify ...
The Uses and Limitations of Real GDP
... 1. The real GDP of one country must be converted into the same currency units as the real GDP of the other country. 2. The goods and services in both countries must be valued at the same prices. ...
... 1. The real GDP of one country must be converted into the same currency units as the real GDP of the other country. 2. The goods and services in both countries must be valued at the same prices. ...
The Uses and Limitations of Real GDP
... 1. The real GDP of one country must be converted into the same currency units as the real GDP of the other country. 2. The goods and services in both countries must be valued at the same prices. ...
... 1. The real GDP of one country must be converted into the same currency units as the real GDP of the other country. 2. The goods and services in both countries must be valued at the same prices. ...
The UK`s productive capacity - Institute for Fiscal Studies
... stable rate of change of wages. (Economists sometimes refer to this rate of unemployment as being the non-accelerating wage rate of unemployment, or NAWRU for short.) Another term for potential GDP, which perhaps better describes its meaning, is ‘aggregate supply’ – in other words, the total capacit ...
... stable rate of change of wages. (Economists sometimes refer to this rate of unemployment as being the non-accelerating wage rate of unemployment, or NAWRU for short.) Another term for potential GDP, which perhaps better describes its meaning, is ‘aggregate supply’ – in other words, the total capacit ...
Home Price Declines - Television Bureau of Advertising :: TVB Online
... Analytic services and products provided by Standard & Poor’s are the result of separate activities designed to preserve the independence and objectivity of each analytic process. Standard & Poor’s has established policies and procedures to maintain the confidentiality of non-public information rece ...
... Analytic services and products provided by Standard & Poor’s are the result of separate activities designed to preserve the independence and objectivity of each analytic process. Standard & Poor’s has established policies and procedures to maintain the confidentiality of non-public information rece ...
2016 Budget Highlights “Consolidating Progress Towards A
... Government’s tendency to over spend in election years? We note that there is a lack of focus on those economic sectors that will facilitate transformation of the economy as recommended by OECD for consolidating economies. ...
... Government’s tendency to over spend in election years? We note that there is a lack of focus on those economic sectors that will facilitate transformation of the economy as recommended by OECD for consolidating economies. ...
letter - Parliamentary Budget Office
... for the trend macroeconomic scenario in the 2017 EFD This note, which supplements the endorsement letter of the Parliamentary Budget Office (PBO) for the trend macroeconomic scenario (28 March 2017) prepared by the Ministry for the Economy and Finance (MEF) for the 2017 Economic and Financial Docume ...
... for the trend macroeconomic scenario in the 2017 EFD This note, which supplements the endorsement letter of the Parliamentary Budget Office (PBO) for the trend macroeconomic scenario (28 March 2017) prepared by the Ministry for the Economy and Finance (MEF) for the 2017 Economic and Financial Docume ...
When are the Effects of Fiscal Policy Uncertainty Large?
... Naturally, the exact value of the effects of uncertainty about short-run fiscal policy depends on the details and parameterization of the model. However, I show that if the effects of a change in fiscal policy are larger when the ZLB binds than when it does not, then the effects of uncertainty abou ...
... Naturally, the exact value of the effects of uncertainty about short-run fiscal policy depends on the details and parameterization of the model. However, I show that if the effects of a change in fiscal policy are larger when the ZLB binds than when it does not, then the effects of uncertainty abou ...
Download the IMF report here
... New evidence on underlying fiscal weakening in advanced countries during the last few years. Many advanced economies entered the crisis with relatively weak structural fiscal positions, and these have been eroded further, not only by anticrisis measures but also by underlying spending pressures. Thi ...
... New evidence on underlying fiscal weakening in advanced countries during the last few years. Many advanced economies entered the crisis with relatively weak structural fiscal positions, and these have been eroded further, not only by anticrisis measures but also by underlying spending pressures. Thi ...
Lesson 3 - ECO 151
... Theoretical Measures of GDP One theoretical measurement of GDP is found by multiplying the amounts of final goods and services by their respective prices. Thus GDP is measured as follows: GDP = P1 Q1 + P2 Q2 + P3 Q3 + ∫ + Pn Qn where P1 Q1 is the price of the first good times the quantity of the fir ...
... Theoretical Measures of GDP One theoretical measurement of GDP is found by multiplying the amounts of final goods and services by their respective prices. Thus GDP is measured as follows: GDP = P1 Q1 + P2 Q2 + P3 Q3 + ∫ + Pn Qn where P1 Q1 is the price of the first good times the quantity of the fir ...
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.