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SINCE 1930, EXPECTATIONS HAVE PLAYED AN IMPORTANT ROLE IN ECONOMIC THEORY AND THIS IS BECAUSE ECONOMICS IS GENERALLY CONCERNED WITH THE IMPLICATIONS OF CURRENT ACTIONS FOR THE FUTURE. THIS PAPER THEREFORE ARGUES THAT THE DEVELOPMENT OF RATIONAL EXPECTATIONS THEORY WILL MAKE A MORE SIGNIFICANT...
Persistent link: https://www.econbiz.de/10005412739
high discount rate, at the mean a $1 increase in short-impact aid raises output (and income) by $8 in present value in the …
Persistent link: https://www.econbiz.de/10005408143
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
by monetary policy shocks. Here both output and price effects are compared. Second, some industry characteristics are … significantly different reactions compared to the aggregate. These differences can be partially explained by varying capital-output …
Persistent link: https://www.econbiz.de/10005561233
in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes … can account for large differences in long-run capital price, investment, and output across countries. Between the lowest …
Persistent link: https://www.econbiz.de/10005407527
is in terminal decline, and that the lost output is being replaced by imports from the developing world. Almost daily … domestic output of goods by and large keeps pace with the growth of GDP. This note summarises the statistical evidence for the …
Persistent link: https://www.econbiz.de/10005407637
customers. These relations deal with value (quantities and prices), payment (subsistence, barter, money, and bond) and … input- output table. There is no further need for a separate macroeconomics. …
Persistent link: https://www.econbiz.de/10005412698
trends in output, consumption and investment) to provide new evidence on this question(using subsaharan africa as a case …
Persistent link: https://www.econbiz.de/10005412719
We note the empirical regularity that market liberalizations cause an initial fall in output, efficiency and value …
Persistent link: https://www.econbiz.de/10005556021
This paper provides an Input-Output (I/O) based economic impact analysis for organic apple production in Washington … organic and conventional apple production in terms of given unit of land (405 hectares of production). Both state-wide output … organic apple sector used less intermediate inputs per unit of output than conventional production it also produced higher …
Persistent link: https://www.econbiz.de/10005118949