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We present a static model of aggregate demand and unemployment. The economy has a nonproduced good, a produced good … and sales are positively correlated under aggregate demand shocks but negatively correlated under aggregate supply shocks …; (4) transfers from savers to spenders stimulate aggregate demand, product market tightness, and employment; (5) the …
Persistent link: https://www.econbiz.de/10010682991
The aim of this paper is to survey the "hard" evidence on the effects of subjective well-being. In doing so, we complement the evidence on the determinants of well-being by showing that human well-being also affects outcomes of interest such as health, income, and social behaviour. Generally, we...
Persistent link: https://www.econbiz.de/10010685645
Persistent link: https://www.econbiz.de/10005545910
Cet article elabore un modele d'evolution du taux de change reel d'equilibre. L'argument central est que son evolution est tout aussi importante que son niveau. La vitesse d'appreciation ou de depreciation du taux de change reel peut avoir autant d'incidences a moyen terme sur une economie que...
Persistent link: https://www.econbiz.de/10005406463
According to international experts, a country’s demand for metals follows its GDP per capita trend. Taking into … consideration China’s position as the main consumer of metals worldwide and the corollary that its demand will keep on increasing at …. Statistical data and recent research papers underline that the Chinese demand for durable goods will increase in the following …
Persistent link: https://www.econbiz.de/10011106077
Basic ferroalloys are some of the most important ingredients for producing carbon and special steel (using ferrochrome and other special ferroalloys). The market of basic ferroalloys is somehow independent of other raw materials markets, depending mostly of steel. There are sometimes speculative...
Persistent link: https://www.econbiz.de/10011106085
satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions …
Persistent link: https://www.econbiz.de/10011161235
Persistent link: https://www.econbiz.de/10011165870
This paper is based on presentation given at the June 2011 Conference of the Centre for Growth and Business Cycle Research at the University of Manchester. It reviews key features of the 2007-08 financial crisis, the subsequent 'great recession' and the European public debt problems; in the...
Persistent link: https://www.econbiz.de/10011083899
Motivated by the recent experience of the U.S. and the Eurozone, we describe the quantitative properties of a New Keynesian model with a zero lower bound (ZLB) on nominal interest rates, explicitly accounting for the nonlinearities that the bound brings. Besides showing how such a model can be...
Persistent link: https://www.econbiz.de/10011084137