Is There a Role for Discretionary Fiscal Policy?
... to the timing of taxes and a quite extensive discussion about corporate taxes and investment, the latter drawing on the wealth of research done by Auerbach and his collaborators. I find it curious that the discussion of consumption occurs at two places in the paper, one under the unlikely heading of ...
... to the timing of taxes and a quite extensive discussion about corporate taxes and investment, the latter drawing on the wealth of research done by Auerbach and his collaborators. I find it curious that the discussion of consumption occurs at two places in the paper, one under the unlikely heading of ...
Ch.4: Measuring GDP and economic growth
... – Inventory adjustments account for goods produced in one year but sold in another • if inventories rise by $10 million during 2010, $10 million is added to sales of final goods & services since it reflects goods produced but not sold during 2010. • If inventories fall by $10 million during 2010, $1 ...
... – Inventory adjustments account for goods produced in one year but sold in another • if inventories rise by $10 million during 2010, $10 million is added to sales of final goods & services since it reflects goods produced but not sold during 2010. • If inventories fall by $10 million during 2010, $1 ...
Summary of Economic Survey 2016-17
... Russia) which have defaulted on their domestic obligations while India has not defaulted on its domestic debt either de jure or de facto (through long periods of high inflation). In the recent past, India’s highest level of debt has been 83 percent of GDP and it has made sure that its debt service ...
... Russia) which have defaulted on their domestic obligations while India has not defaulted on its domestic debt either de jure or de facto (through long periods of high inflation). In the recent past, India’s highest level of debt has been 83 percent of GDP and it has made sure that its debt service ...
File
... indicated that the deficit would disappear as the economy grew because of higher tax revenues. While difficult to measure for sure, the growth of GDP from 1963 through 1966 at a 4 percent rate suggests the tax cuts did have a positive effect on the economy. As the Vietnam War began and military spen ...
... indicated that the deficit would disappear as the economy grew because of higher tax revenues. While difficult to measure for sure, the growth of GDP from 1963 through 1966 at a 4 percent rate suggests the tax cuts did have a positive effect on the economy. As the Vietnam War began and military spen ...
Module 10 - Dpatterson
... 1. Economists keep track of the flows of money between sectors with the national income and product accounts, or national accounts. 2. Households earn income via the factor markets from wages. 3. Disposable income is allocated to consumer spending (C) and private savings. 4. Via the financial marke ...
... 1. Economists keep track of the flows of money between sectors with the national income and product accounts, or national accounts. 2. Households earn income via the factor markets from wages. 3. Disposable income is allocated to consumer spending (C) and private savings. 4. Via the financial marke ...
Parkin-Bade Chapter 24
... Generational Effects of Fiscal Policy Generational Accounting and Present Value Taxes are paid by people with jobs. Social security benefits are paid to people after they retire. So to compare the value of an amount of money at one date (working years) with that at a later date (retirement years), ...
... Generational Effects of Fiscal Policy Generational Accounting and Present Value Taxes are paid by people with jobs. Social security benefits are paid to people after they retire. So to compare the value of an amount of money at one date (working years) with that at a later date (retirement years), ...
Chapter 5
... • The materials($8,000) used in producing a new car are included in the price to dealer • The price to the dealer is $12,000 • The price to the customer is $20,000 • Should the value of the car be ...
... • The materials($8,000) used in producing a new car are included in the price to dealer • The price to the dealer is $12,000 • The price to the customer is $20,000 • Should the value of the car be ...
working paper version
... more time to become effective as they rely on decision making in the private sector that may stretch over a lengthy period. For this reason, they may be more appropriate for long run growth policies than for short run stabilization. An interesting aspect is the question of whether the program faces ...
... more time to become effective as they rely on decision making in the private sector that may stretch over a lengthy period. For this reason, they may be more appropriate for long run growth policies than for short run stabilization. An interesting aspect is the question of whether the program faces ...
Macro Chapter 7
... No, because inventories are intermediate goods. No, because if these inventories were sold in 2006, they would be counted twice. Yes because these inventories are part of the output of ...
... No, because inventories are intermediate goods. No, because if these inventories were sold in 2006, they would be counted twice. Yes because these inventories are part of the output of ...
Lecture 14
... • There are many things that could make a society better off without necessarily raising GDP, e.g. crime reduction, peaceful international relations, greater civility among the people, less drug & alcohol abuse, etc. • GDP merely reflects the trade going on in the country's ...
... • There are many things that could make a society better off without necessarily raising GDP, e.g. crime reduction, peaceful international relations, greater civility among the people, less drug & alcohol abuse, etc. • GDP merely reflects the trade going on in the country's ...
Problem Session I
... or service, which is an item that is produced by one rm, bought by another rm, and used as a component of a nal good or service. In this case, paper is an intermediate good, which is used to "produce" your economics textbook. Therefore, the purchase of paper by the company that printed your book ...
... or service, which is an item that is produced by one rm, bought by another rm, and used as a component of a nal good or service. In this case, paper is an intermediate good, which is used to "produce" your economics textbook. Therefore, the purchase of paper by the company that printed your book ...
Public Sector Reform Process in Lesotho: Benefits and Challenges
... The impact of the increase was counteracted by the relative strength of the Loti against the US Dollar. The Loti showed some strength against major currencies during the month of April 2007. Measured against the US Dollar, the currency opened the month at 7.27 and closed at 7.05. Measured against th ...
... The impact of the increase was counteracted by the relative strength of the Loti against the US Dollar. The Loti showed some strength against major currencies during the month of April 2007. Measured against the US Dollar, the currency opened the month at 7.27 and closed at 7.05. Measured against th ...
Economic update - Department of Treasury and Finance
... strongly in the March quarter 2017 but the increase was driven by factors which are likely to be temporary such as fuel and electricity price rises. Melbourne’s CPI rose by 0.9 per cent, higher than the national increase of 0.5 per cent. The national CPI recorded an annual increase of 2.1 per cent, ...
... strongly in the March quarter 2017 but the increase was driven by factors which are likely to be temporary such as fuel and electricity price rises. Melbourne’s CPI rose by 0.9 per cent, higher than the national increase of 0.5 per cent. The national CPI recorded an annual increase of 2.1 per cent, ...
Alternatives to austerity : progressive growth strategies for Europe
... The enormous growth of debt and wealth, with the ratios of debt and assets to income (GDP) doubling over two decades, certainly dangerously increased the risks in the global financial system. In 2008, in the wake of the financial crisis, states began accumulating high levels of public debt, which ha ...
... The enormous growth of debt and wealth, with the ratios of debt and assets to income (GDP) doubling over two decades, certainly dangerously increased the risks in the global financial system. In 2008, in the wake of the financial crisis, states began accumulating high levels of public debt, which ha ...
Macro Scorecard for Largest Economies
... shifts into a higher gear will be determined by the euro debt crisis and emerging markets, likely in 2014 or beyond. • Europe. Expect flat or negative growth in most countries through at least 2013 due to the escalating euro debt crisis. • China/Emerging Markets. A quick return to robust growth in C ...
... shifts into a higher gear will be determined by the euro debt crisis and emerging markets, likely in 2014 or beyond. • Europe. Expect flat or negative growth in most countries through at least 2013 due to the escalating euro debt crisis. • China/Emerging Markets. A quick return to robust growth in C ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... Eggertsson’s very creative and provocative paper discusses various proposals for exiting deflationary depressions, with a focus on what at first glance seems counterintuitive. He argues that when nominal interest rates cannot fall due to the bound at zero, then policies that otherwise would be consi ...
... Eggertsson’s very creative and provocative paper discusses various proposals for exiting deflationary depressions, with a focus on what at first glance seems counterintuitive. He argues that when nominal interest rates cannot fall due to the bound at zero, then policies that otherwise would be consi ...
HW6 answers - gozips.uakron.edu
... 1. Prior to 1959, current surplus of government enterprises (line 22) is not shown separately;subsidies are included net of the current surplus of government enterprises in line 18. 2. Consists of compensation of employees, proprietors' income with inventory valuationadjustment (IVA) and capital con ...
... 1. Prior to 1959, current surplus of government enterprises (line 22) is not shown separately;subsidies are included net of the current surplus of government enterprises in line 18. 2. Consists of compensation of employees, proprietors' income with inventory valuationadjustment (IVA) and capital con ...
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... If real interest rates are calculated on the basis of the increase in the GDP deflator, the decline in real short-term interest rates was (again) 3/4 percentage points in the euro area but only about 1/2 percentage point in the United States as the GDP deflator decelerated more. 4 The Taylor rule in ...
... If real interest rates are calculated on the basis of the increase in the GDP deflator, the decline in real short-term interest rates was (again) 3/4 percentage points in the euro area but only about 1/2 percentage point in the United States as the GDP deflator decelerated more. 4 The Taylor rule in ...
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.