A New Keynesian Approach To Estimating Welfare Losses Under Strict And Flexible-Targeting Regimes,
2018
CUNY Hunter College
A New Keynesian Approach To Estimating Welfare Losses Under Strict And Flexible-Targeting Regimes, Shawn Weber
Theses and Dissertations
How do different inflation-targeting regimes affect the monetary loss-function of a central bank aiming at stabilizing inflation around an inflation target and stabilizing the real economy? Under a basic New-Keynesian framework, this paper examines the effect of inflation-targeting regimes on the monetary loss function of a central bank.
Does Debt Matter?,
2018
SUNY Buffalo State University
Does Debt Matter?, Luhan Li
Applied Economics Theses
National debt is a popular topic, since people have a lot of different views on national debt. For example, many people think that there is a positive relationship between national debt and GDP per capita. In other words, the national debt has also increased with the growth of GDP per capita. However, some people feel that there is an inverse relationship between them, so much so that the topic has been discussed. Based on my interest in this topic, I decided to discuss this question. This paper will discuss their influence and importance by analyzing national debt, GDP per capita, …
The Impact Of Macroeconomic Factors On The Price Of Gold,
2018
State University of New York College at Buffalo - Buffalo State College
The Impact Of Macroeconomic Factors On The Price Of Gold, Yunhao Sun
Applied Economics Theses
My thesis is that macro factors have been important to the change of the gold price, but have had a differential impact in three factors: Gross Global Product (GGP), real interest rate, and U.S. dollar index (USDI). I estimated the 1st difference of the gold model to determine the impact of macro factors on the price of gold per quarter. The model was estimated using the OLS approach the sample size was 148. I make use of data from Federal Reserve Bank of St. Louis economic data. The result was that 1st difference model had statistically insignificant coefficients. …
Literacy Rates Analysis: An International Comparison,
2018
University of Arkansas, Fayetteville
Literacy Rates Analysis: An International Comparison, Macarena Arce
Economics Undergraduate Honors Theses
This paper attempts to provide a more complete reckoning of the economics of literacy rates around the world. It consists on a literature review about the economic benefits and costs of literacy rates and then it shows two econometrics models that attempt to predict literacy rates based on GDP, government expenditure, and several other independent variables.
Analyzing Housing Demand And Its Role In The U.S. Economy,
2018
CUNY Graduate Center
Analyzing Housing Demand And Its Role In The U.S. Economy, Irina Ayzenberg
Dissertations, Theses, and Capstone Projects
In the most recent economic downturn, caused by the burst of the housing bubble and the subprime mortgage crisis, the housing market took a direct hit: mortgage default rates were over 10 percent, housing prices fell 35 percent from 2005 to 2009, more than 5 million homes were foreclosed since 2008, and interest rates hit rock-bottom. In response, the U.S. Federal Reserve adopted aggressive expansionary monetary policies to get the economy back on track, some of which are in effect today. In order to really understand the state and direction of the U.S. economy today, we need to better understand …
Market Imperfections, Macroeconomic Conditions, And Capital Structure Dynamics: A Cross-Country Study,
2018
Cleveland State University
Market Imperfections, Macroeconomic Conditions, And Capital Structure Dynamics: A Cross-Country Study, Moonsoo Kang, Wei Wang, Ying Xiao
Business Faculty Publications
This paper investigates how “systematic” adjustment costs proxied by market imperfections and macroeconomic conditions affect capital structure dynamics in a cross-country setting. We document substantial variations in firms’ capital structure adjustments across countries and, particularly, over time. Consistent with adjustment costs impeding firms from rebalancing their capital structures, worse market imperfections are associated with slower speeds of adjustment (SOA) and larger leverage deviations. Intertemporally, capital structure adjustment is procyclical, with SOA increasing by 0.9 percentage point for a one-percentage-point increase in GDP growth rate. The procyclicality is attributable to good macroeconomic conditions mitigating market imperfections through channels of 1) facilitating …
2008 Financial Crisis And The Deviation From The Taylor Rule,
2018
Georgia Southern University
2008 Financial Crisis And The Deviation From The Taylor Rule, Uzoma H. Okoye
Honors College Theses
In this paper, we derive possible causes of the 2008 financial crisis, as well as provide evidence of a possible deviation from the Taylor rule by the Federal Reserve. This research draws up mostly primary sources such as published books and speeches by John B. Taylor himself, as well as articles from academic journals related to the topic. Other prior research tends to take a side on the argument as to whether the Federal Reserve deviated or not. This paper serves as a descriptive analysis of different sides of the argument to come up with suggestions regarding the Fed’s actions.
The Effect Of Excess Reserves On U.S Real Gross Domestic Product,
2018
Sacred Heart University
The Effect Of Excess Reserves On U.S Real Gross Domestic Product, Prince J. Adjei
Doctoral Dissertations (DBA)
The recent financial crisis has triggered questions regarding the role of the Federal Reserve Bank and the effectiveness of its intervention in the financial markets, post the crisis. This paper investigates the impact of huge spikes in excess reserves on the U.S. real gross domestic product. U.S. Federal Reserve in an effort to deal with the 2008 financial crisis instituted a series of programs aimed at taming the impact of the crisis. Through its emergency lending activities and Quantitative Easing (QE) programs, the Federal Reserve created a huge spike in excess reserves to levels not seen before. The empirical findings …
Aiding To Repair: An Analysis On The Impact Of Foreign Aid In Rwanda After The 1994 Genocide,
2018
Ursinus College
Aiding To Repair: An Analysis On The Impact Of Foreign Aid In Rwanda After The 1994 Genocide, Mary Atta-Dakwa
International Relations Honors Papers
Between April 1994 to July 1994, about 1 million Hutus and Tutsis were murdered in the Rwandan genocide. The genocide not only severely declined the population of Rwandans, but largely impacted its infrastructure, government, and economy. After the genocide, about $15 billion US dollars was sent to provide humanitarian aid. Post-genocide Rwanda has seen a significant growth in its economy; however, speculators may question if the economic growth is attributed to the foreign aid it received after the 1994 genocide. This paper seeks to examine the impact of foreign aid on post-war reconstruction on Rwanda as a case study.
Indonesia Poverty Reduction Strategies: Shifting Policies To Promote Employment In The Poorest Four Deciles,
2018
Secretariat of the National Team for the Acceleration of Poverty Reduction, Indonesia.
Indonesia Poverty Reduction Strategies: Shifting Policies To Promote Employment In The Poorest Four Deciles, Ardi Adji, Sri Hartini Rachmad
Economics and Finance in Indonesia
This paper observes the working status and conditions of people who fall into the poorest four deciles in Indonesia. The research aims to provoke policy shifts in the drive to accelerate poverty reduction in Indonesia, taking a longer view of people being more employable and less dependent; also identifying the dominant factors preventing people from moving out of poverty and improving their life quality. By comparing elements of gender, age, education and health against employment status and opportunities. Simultaneously social assistance and protection programs are evaluated in relation to their stated target groups to determine their suitability and their impact.
Economic Impact Of Imposing Excise Tax On Plastic Bottles Of Drinks,
2018
Faculty of Economics and Business Universitas Indonesia.
Economic Impact Of Imposing Excise Tax On Plastic Bottles Of Drinks, Eugenia Mardanugraha
Economics and Finance in Indonesia
This research simulates the effect of imposing excise tax on plastic container of drinks towards economic performance of beverage industry in Indonesia and governments ´Zs tax revenue. The results showed that by imposing excise tax on plastic cups and plastic bottles the government would lose tax revenue from value added tax (PPN) and corporate income tax (PPh badan) more than they gain additional revenue from excise tax. Hence, imposing excise tax on drink containers should serve a clear purpose and an undeniable reason. This paper recommends the government to develop proper excise infrastructure to extend the goods or services to …
On Nonlinear Relationship Between Inflation And Economic Growth: A Study Of Asean-5 Countries Period 2000€“2016,
2018
Department of Economics, Faculty of
Economics dan Business, Universitas Indonesia.
On Nonlinear Relationship Between Inflation And Economic Growth: A Study Of Asean-5 Countries Period 2000€“2016, Ambar Galih, Sugiharso Safuan
Economics and Finance in Indonesia
Money (inflation) has played a vital role in economic growth. However, the nexus between them has always drawn mesmerizing debates. From the thoughts of Classical and Keynes which argued the existence of money neutrality, to the level of empirical studies which find either positive or negative correlation between inflation and economic growth. Recent studies concerning the debatable relationship have evolved it into a hypothesis whether the relation is nonlinear with a threshold or a point where the link switches. This study aims to re-examine the causality between inflation and economic growth in ASEAN-5 countries period 2000Q1-2016Q4. The results based on …
Provinces And Local Government Revenues Structures And Intra-Province Economic Disparity,
2018
Department Economic, Faculty Economics and Business, Universitas Indonesia.
Provinces And Local Government Revenues Structures And Intra-Province Economic Disparity, Riatu Qibthiyyah
Economics and Finance in Indonesia
One of major policies of Indonesia Decentralisation is the adoption on various type of revenue sharing among provinces and local governments and also the devolved of taxes to lower level government in particular to the province level. Challenges of policy toward higher degree of revenue autonomy, is that an increase in revenue sharing as well as devolved taxes would enhance economic disparity among regions. Further, our finding shows that different types of revenue sharing seem to have different effect on intra-province economic disparity.
Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union,
2018
University of Missouri, St. Louis
Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, Kyle Whitworth
Theses
The European Union has been one of the greatest accomplishments of modern history. Through economic and political integration has ended centuries of warfare on the continent while producing the worlds largest trading bloc. Despite the initial success of the monetary union and its single currency, the Union has been bogged down economic troubles in the form of a debt crisis among several of the member states. The recovery period of the crisis has produced growth that is slow and uneven. Countries such as Germany has assumed the role of the economic powerhouse of Europe and therefore a political leader in …
Making The Grade: The Contribution Of Education Expenditure To Economic Growth,
2018
University of British Columbia
Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank
Undergraduate Economic Review
Does education expenditure promote long-run economic growth? Empirical evidence is inconclusive. This paper addresses the question of how education expenditure influences economic growth using a long run growth accounting model analyzing 179 countries from 1970 to 2014. Overall, the results indicate that education expenditure does positively affect growth. However, when the sample is split into different criteria based on economic prosperity of the countries in question, the results change. In non-oil countries education expenditure increases economic growth, in developing countries education expenditure has a negative impact and in OECD countries the impact is non-significant.
Macroeconomics Course Outline And Syllabus,
2018
CUNY New York City College of Technology
Macroeconomics Course Outline And Syllabus, Sean P. Macdonald
Open Educational Resources
No abstract provided.
The Core Of Macroeconomic Theory Ii,
2018
CUNY Lehman College
The Core Of Macroeconomic Theory Ii, Alexander Nunez-Torres
Open Educational Resources
No abstract provided.
Unemployment, Inflation, And Long-Run Growth,
2018
CUNY Lehman College
Unemployment, Inflation, And Long-Run Growth, Alexander Nunez-Torres
Open Educational Resources
This lecture covers unemployment, inflation and long-run growth.
The Macroeconomic Perspective Ii: The Gdp Concept,
2018
CUNY Lehman College
The Macroeconomic Perspective Ii: The Gdp Concept, Alexander Nunez-Torres
Open Educational Resources
This lecture presents concepts related to the Gross Domestic Product (GDP) and its calculation. It examines nominal versus real GDP.
The Macroeconomic Perspective I: Introduction To Macroeconomics,
2018
CUNY Lehman College
The Macroeconomic Perspective I: Introduction To Macroeconomics, Alexander Nunez-Torres
Open Educational Resources
This lecture evaluates concepts of macroeconomics and distinguishes it from microeconomics. It examines the role of government as well as providing a brief history of macroeconomics.
