Download or read book The NAIRU Concept Measurement Uncertainties Hysteresis and Economic Policy Role written by Peter McAdam and published by . This book was released on 1999 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The NAIRU Concept written by Peter McAdam and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Uncertainties concerning model selection: A number of plausible modelling approaches exist for Measuring the NAIRU.- 2. Production of NAIRU estimates for the US, Japan and EU 15 using a Conventional Bargaining model approach.- 3. Empirical Inadequacies : Uncertainties surrounding the NAIRU Point Estimates.- 4. Theoretical Weaknesses : The Notion of Hysteresis Complicates the Interpretation of Changes in the NAIRU.- 5. The Nairu Concept, its Phillips Curve Origins and its Evolution in terms of the Economic Policy Debate.
Download or read book The Unbalanced Economy written by Ciaran Driver and published by Springer. This book was released on 2012-09-10 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1980s Britain became one of the world's most market-oriented economies, an approach which resulted in three severe recessions and a deepening degree of inequality. This book argues that a rebalancing of the economy will remain elusive until proactive policies are implemented at the corporate and industrial level.
Download or read book Measuring the NAIRU in the Spanish Economy written by Ángel Estrada and published by . This book was released on 2000 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Download or read book To be Or Not to be in the Euro written by Lars Jonung and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of the Implementation of the Single Market Programme on Productive Efficiency and on Mark ups in the European Union Manufacturing Industry written by Jacques-Bernard Sauner-Leroy and published by . This book was released on 2003 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction - 2. Literature on the theoretical and empirical effects of product market integration - 3. Methodology and data used - 4. Results and discussion - 5. Conclusion.
Download or read book Progressive Taxation Macroeconomic Stabilization and Efficiency in Europe written by Carlos Martinez-Mongay and published by . This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debates the stability/efficiency tradeoff of automatic stabilizers. A simple AD-AS two-country model is presented and illustrates circumstances where a reduction in taxes can foster stabization. The testable implication from the model is that tax cuts can either increase or decrease volatility depending on the structure of the taxation system. Hence, lowering taxes for efficiency purposes may have not cost in terms of stabilization. This implication is tested for OECD countries over the period 1960-2000 taking account of the endogeneity and omitted variables issues identified in the literature. We found acceptably robust evidence that the size of governments in OECD countries has played a stabilizing role for both output and inflation. However, the relationship between government size and macroeconomic stability is not linear. The compostiion of public finances, in particular the tax mix, matters for output and price volatility. Distorting taxes, namely taxes on labor, might have negative effects on macroeconomic stability. Consequently, the potential trade off between stability and flexibility might not exist.
Download or read book Public Investment and the EU Fiscal Framework Alessandro Turrini written by Alessandro Turrini and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Study on Methods to Analyse the Impact of State Aid on Competition written by Rainer Nitsche and published by . This book was released on 2006 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Population Ageing and Public Finance Targets written by Heikki Oksanen and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Lisbon Strategy and the EU s Structural Productivity Problem written by Cécile Denis and published by . This book was released on 2005 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction - 2. EU productivity trends at the economy wide level: a comparison with the US - 3. The structural nature of the EUś productivity problem - A sectoral /Industry level breakdown - 4. Enhancing the EUś productivity performance : focussing on the production and absorption of new technologies is the key to any effective long run productivity strategy - 5. Summary of key findings and policy conclusions.
Download or read book Proceedings of the 2004 First Annual DG ECFIN Research Conference on Business Cycles and Growth in Europe written by Lars Jonung and published by . This book was released on 2005 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 2004, the Directorate General for Economic and Financial Affairs (ECFIN) held its first annual research conference. Its theme was "Business Cycles and Growth in Europe". The thirteen papers presented are collected here in revised form in two volumes as Economic Paper number 227, 1/2 and 2/2. Some of the contributions are followed by comments made by the discussants.
Download or read book Actuarial Neutrality Across Generations Applied to Public Pensions Under Population Ageing written by Heikki Oksanen and published by . This book was released on 2005 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction - 2. The principle of actuarial neutrality across generations extended to public pensions - 3. Public finance targets under actuarial neutrality and alternative accounting rules - 4. Illustrations with stylised data - 5. Implications for government finances and national saving - 6. Conclusions and suggestions for further work.
Download or read book Reviewing Adjustment Dynamics in EMU written by Servaas Deroose and published by . This book was released on 2004 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of European Cross border Mergers and Acquisitions written by Miriam Manchin and published by . This book was released on 2004 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Reforms written by Heikki Oksanen and published by . This book was released on 2002 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
