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Geopolitics is an overarching characteristic of much of this outlook for the key themes in the global energy economy in 2025. The start of Donald Trump's second term in the White House will herald new pressures to multiple layers of the global economy, from trade to labour, monetary policy to...
Persistent link: https://www.econbiz.de/10015445022
In this paper, I analyze the causes of the prolonged slowdown of the Japanese economy in the 1990s and find that the stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the stagnation of household consumption during the 1990s...
Persistent link: https://www.econbiz.de/10010332277
their models, while aggregate indicators such as GDP failed in spite (or perhaps because) of their heavy emphasis on … financially driven growth. In contrast to both critics and proponents of GDP who see it as a purely statistical measure, this … article argues that GDP is in fact a form of numerical rhetoric. Political messages in such estimates were explicit until the …
Persistent link: https://www.econbiz.de/10015190820
Gross domestic product (GDP) is the most widely used indicator from the system of national accounts. Although often …
Persistent link: https://www.econbiz.de/10015192771
When considering issues of measuring welfare beyond gross domestic product (GDP), a key ongoing, but unfinished, agenda … approximation of the value added by key public services, and thus their contribution to GDP. New data and intelligent use of …
Persistent link: https://www.econbiz.de/10015192780
Measurement errors in macroeconomic aggregates such as GDP have been widely lamented, particularly in low … micro-survey estimates, suggesting real rates of total GDP growth may have been overestimated by 1 percentage point over the …
Persistent link: https://www.econbiz.de/10015361295
The study of growth in African economies during the 20th Century is hampered by the lack of historical GDP estimates … accounts has not yet been assembled. This paper provides GDP estimates for some former British colonies between 1900 - 1950 …
Persistent link: https://www.econbiz.de/10012624399
This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...
Persistent link: https://www.econbiz.de/10010468222
indices (CPI, core CPI, and GDP deflator) when modeling the effects of oil price increases. This distinction has important … targeting the change in the GDP deflator is an inferior monetary policy strategy in the presence of oil price shocks. …
Persistent link: https://www.econbiz.de/10010260484
The correlation between persistent changes in the markup in one sector of an economy and the inflation rate is quantified in a 2-sector dynamic general equilibrium model. How this relationship is affected by monetary policy is also studied. We find that the correlation is in general positive...
Persistent link: https://www.econbiz.de/10010321345