Productivity and Related Economic
... by the invention of the internet. The fast decline in computer prices and high share of ICT investment will not happen again The full productivity payoff of the ICT investment bubble plausibly had a lag of three years or more, same timing as cost cutting Thus fast productivity and slow employment gr ...
... by the invention of the internet. The fast decline in computer prices and high share of ICT investment will not happen again The full productivity payoff of the ICT investment bubble plausibly had a lag of three years or more, same timing as cost cutting Thus fast productivity and slow employment gr ...
Differences in Economic Fluctuations in Japan and the United States
... Japan is even larger when the comparison is made with individual countries in Europe because averaging over all the countries as in Fig. 2 tends to smooth out some of the fluctuations. As with the United States, the European economies underwent a comparatively large boom in the late 1970s and a bust ...
... Japan is even larger when the comparison is made with individual countries in Europe because averaging over all the countries as in Fig. 2 tends to smooth out some of the fluctuations. As with the United States, the European economies underwent a comparatively large boom in the late 1970s and a bust ...
Mankiw 5/e Chapter 6: Unemployment
... 2. Takes time for firms to determine how to utilize new technology most effectively The big questions: Will the growth spurt of the late 1990s continue? Will I.T. remain an engine of growth? slide 22 ...
... 2. Takes time for firms to determine how to utilize new technology most effectively The big questions: Will the growth spurt of the late 1990s continue? Will I.T. remain an engine of growth? slide 22 ...
Real GDP
... the CPI may overstate inflation • Substitution bias: The CPI uses fixed weights, so it cannot reflect consumers’ ability to substitute toward goods whose relative prices have fallen. • Introduction of new goods: The introduction of new goods makes consumers better off and, in effect, increases the r ...
... the CPI may overstate inflation • Substitution bias: The CPI uses fixed weights, so it cannot reflect consumers’ ability to substitute toward goods whose relative prices have fallen. • Introduction of new goods: The introduction of new goods makes consumers better off and, in effect, increases the r ...
+ = GDP
... is probably biased upward because more output now takes place in the market sector and less in the household sector. However, it is also probably biased downward because of failure to adjust for increased leisure, improvements in the work environment, and the introduction of improved products and ne ...
... is probably biased upward because more output now takes place in the market sector and less in the household sector. However, it is also probably biased downward because of failure to adjust for increased leisure, improvements in the work environment, and the introduction of improved products and ne ...
current trends in the faroese economy
... million, mainly in the form of the block grant from the Danish government. So the current account surplus for 2015 is expected to be considerable. The biannual confidence indicators show that firms and consumers are generally not as optimistic about the economy as they have been in previous years. E ...
... million, mainly in the form of the block grant from the Danish government. So the current account surplus for 2015 is expected to be considerable. The biannual confidence indicators show that firms and consumers are generally not as optimistic about the economy as they have been in previous years. E ...
instructional objectives
... c. The sale of stocks and bonds represent a transfer of existing assets. (However, the brokers’ fees are included for services rendered.) 3. Secondhand sales are excluded, they do not represent current output. (However, any value added between purchase and resale is included, e.g. used car dealers.) ...
... c. The sale of stocks and bonds represent a transfer of existing assets. (However, the brokers’ fees are included for services rendered.) 3. Secondhand sales are excluded, they do not represent current output. (However, any value added between purchase and resale is included, e.g. used car dealers.) ...
DI - The Econ Page
... Formatting matters with your answer to these questions. For this reason, understand that your answer can be technically correct but graded as wrong because you didn't follow the directions provided below. Given that formatting is considered part of your answer, a wrongly formatted answer is still a ...
... Formatting matters with your answer to these questions. For this reason, understand that your answer can be technically correct but graded as wrong because you didn't follow the directions provided below. Given that formatting is considered part of your answer, a wrongly formatted answer is still a ...
Growth Performance: An Overview
... performance more sharply and relate it to changes in policies, we must begin by examining the growth rates in individual years. This is done in Table 2 where I present growth rates in individual years starting with 1969-70, the first year of the Fourth FiveYear Plan. In the last two columns of this ...
... performance more sharply and relate it to changes in policies, we must begin by examining the growth rates in individual years. This is done in Table 2 where I present growth rates in individual years starting with 1969-70, the first year of the Fourth FiveYear Plan. In the last two columns of this ...
(Download, 177 KB)
... has a large media impact, especially around the turning points of the business cycle. Both politicians, businesses, and general public need such an indicator as a reliable anchor when making their everyday economic decisions. In fact, the barometer is designed to nowcast the economic growth, that i ...
... has a large media impact, especially around the turning points of the business cycle. Both politicians, businesses, and general public need such an indicator as a reliable anchor when making their everyday economic decisions. In fact, the barometer is designed to nowcast the economic growth, that i ...
Economic Outlook
... markedly in recent months. Sales fell sharply last autumn despite lower mortgage rates and increased incentives from builders. Existing sales have held up better and have also increased recently. A large portion, however, is foreclosure and distressed sales. The first-time homebuyers’ tax credit i ...
... markedly in recent months. Sales fell sharply last autumn despite lower mortgage rates and increased incentives from builders. Existing sales have held up better and have also increased recently. A large portion, however, is foreclosure and distressed sales. The first-time homebuyers’ tax credit i ...
No Slide Title - Cass Business School
... spending is a function of household incomes, but household incomes are themselves affected by consumer spending! (the circular flow of income) • The result is that a small change in one part of our model (eg. I, G, or the MPC) can have a large impact on GDP by the time the economy has reached a new ...
... spending is a function of household incomes, but household incomes are themselves affected by consumer spending! (the circular flow of income) • The result is that a small change in one part of our model (eg. I, G, or the MPC) can have a large impact on GDP by the time the economy has reached a new ...
Answers to Homework #5
... 3) An increase in the aggregate price level will result in less investment and therefore an increase in the quantity of aggregate output demanded. False. As the aggregate price level increases, people find they need more money to purchase the same basket of goods and services. Consumers bid up inter ...
... 3) An increase in the aggregate price level will result in less investment and therefore an increase in the quantity of aggregate output demanded. False. As the aggregate price level increases, people find they need more money to purchase the same basket of goods and services. Consumers bid up inter ...
2. The ESCB method of cyclical adjustment
... The “Official” EU method • Potential Output (Gap) measured by production function • Budget sensitivity (updated periodically by OECD) • Certain “temporary and one-off measures / effects” may also be netted out to arrive at the “structural” balance • Basis for Stability and Growth Pact: • Medium-term ...
... The “Official” EU method • Potential Output (Gap) measured by production function • Budget sensitivity (updated periodically by OECD) • Certain “temporary and one-off measures / effects” may also be netted out to arrive at the “structural” balance • Basis for Stability and Growth Pact: • Medium-term ...
An International Perspective on the UK
... Japan, United Kingdom, and United States) over this period – UK average annual growth was 5.4% compared with a G7 average of 4.7%. During and following the 2008-09 economic downturn the UK economy has grown by 1.9% per year on average compared with G7 average growth of 2.1%. Nominal GDP per capita H ...
... Japan, United Kingdom, and United States) over this period – UK average annual growth was 5.4% compared with a G7 average of 4.7%. During and following the 2008-09 economic downturn the UK economy has grown by 1.9% per year on average compared with G7 average growth of 2.1%. Nominal GDP per capita H ...
Economic and Strategy Viewpoint Schroders Keith Wade
... this time, probably due to the increased importance of the emerging economies in global GDP and the rise of shale gas in the US. Nonetheless, we still believe that lower oil prices will translate into higher spending and global growth in coming quarters as expenditure by oil consumers outstrips the ...
... this time, probably due to the increased importance of the emerging economies in global GDP and the rise of shale gas in the US. Nonetheless, we still believe that lower oil prices will translate into higher spending and global growth in coming quarters as expenditure by oil consumers outstrips the ...
(∆P/P) - (∆P/P) - University of Ottawa
... The first reason has been sufficiently discussed even in the mainstream literature since it could reverse the slope of the AD curve in a situation of deflation. This is because monetary policy becomes completely ineffective as real interest rates are most likely to be rising with falling prices as a ...
... The first reason has been sufficiently discussed even in the mainstream literature since it could reverse the slope of the AD curve in a situation of deflation. This is because monetary policy becomes completely ineffective as real interest rates are most likely to be rising with falling prices as a ...
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.