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Author :
Publisher : "la Caixa"
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4./5 ( download)
Download or read book Government Spending and Consumption-Hours Preferences written by and published by "la Caixa". This book was released on with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pau Rabanal
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (129 download)
Download or read book Government Spending and Consumption-Hours Preferences written by Pau Rabanal and published by . This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we present two extensions that have been largely omitted in the recent literature on Bayesian estimation of DSGE models. First, we pay special attention to different forms of complementarity between consumption and hours affecting the households preferences. Second, we allow for the presence of a fraction of non-Ricardian households - i.e. that have limited access to financial markets. We show that exogenous changes in government transfers are crucial to distinguish between the two sources of comovements of consumption and hours in response to government spending shocks. The main conclusion from the estimated models is that private consumption increases after a government spending shock, when either nonseparability, non-Ricardian behavior, or both, are introduced in the model. In addition, allowing for consumption-hours complementarity leads to a small, and stable over time, estimated fraction of non-Ricardian households.
Author : Dhavan V. Shah
Publisher : SAGE
ISBN 13 : 1452275696
Total Pages : 297 pages
Book Rating : 4.4/5 (522 download)
Download or read book Communication, Consumers, and Citizens: Revisiting the Politics of Consumption written by Dhavan V. Shah and published by SAGE. This book was released on 2012-12-04 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1 Communication, Consumers, and Citizens: Revisiting the Politics of Consumption Dhavan V. Shah, Lewis A. Friedland, Chris Wells, Young Mie Kim, and Hernando Rojas 2 The Personalization of Politics: Political Identity, Social Media, and Changing Patterns of Participation W. Lance Bennett 3 The Politics of Consumer Debt: U.S. State Policy and the Rise of Investment in Consumer Credit, 1920-2008 Louis Hyman 4 Working-Class Cast: Images of the Working Class in Advertising, 1950-2010 Erika L. Paulson and Thomas C. O'Guinn 5 What Does It Mean to Be a Good Citizen? Citizenship Vocabularies as Resources for Action Kjerstin Thorson 6 Sustainable Citizenship and the New Politics of Consumption Michele Micheletti and Dietlind Stolle 7 Political Consumerism and New Forms of Political Participation: The Gruppi di Acquisto Solidale in Italy Paolo R. Graziano and Francesca Forno 8 Gender and Generation in the Social Positioning of Taste Nam-Jin Lee, Christine L. Garlough, Lewis A. Friedland, and Dhavan V. Shah 9 The Shifting Sands of Citizenship: Toward a Model of the Citizenry in Life Politics Young Mie Kim 10 Does Changing a Light Bulb Lead to Changing the World? Political Action and the Conscious Consumer Margaret M. Willis and Juliet B. Schor 11 Buying In to Social Change: How Private Consumption Choices Engender Concern for the Collective Lucy Atkinson 12 From Concerned Shopper to Dutiful Citizen: Implications of Individual and Collective Orientations toward Political Consumerism Melissa R. Gotlieb and Chris Wells 13 Examining Overconsumption, Competitive Consumption, and Conscious Consumption from 1994 to 2004: Disentangling Cohort and Period Effects D. Jasun Carr, Melissa R. Gotlieb, Nam-Jin Lee, and Dhavan V. Shah 14 Constructing Sustainable Consumption: From Ethical Values to the Cultural Transformation of Unsustainable Markets Douglas B. Holt 15 The Civic Consequences of "Going Negative" Attack Ads and Adolescents' Knowledge, Consumption, and Participation Ming Wang, Itay Gabay, and Dhavan V. Shah 16 Between Complacency and Paternalism: Ethical Controversies over Influencing Political and Consumer Choice Thomas Hove 17 Consuming Ourselves to Dearth: Escalating Inequality and Public Opinion Lewis A. Friedland, Hernando Rojas, and Leticia Bode
Author : Masataka Eguchi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (141 download)
Download or read book The Consumption Multiplier of Government Spending written by Masataka Eguchi and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been empirically observed that consumption responds positively to government spending shock, however, existing models with intertemporally-optimizing households do not easily reconcile this stylized fact. This paper aims to address this discrepancy between models and data, focusing on the non-separable preferences with respect to consumption, leisure, and government spending. We derive conditions for a positive consumption multiplier under the general utility function and find that consumption can respond positively when leisure and government spending are substitutes. Examples of government spending that would have such an effect include care for children and the elderly, education spending, highway and public transportation.
Author : J.A. Lybeck
Publisher : Elsevier
ISBN 13 : 1483294978
Total Pages : 407 pages
Book Rating : 4.4/5 (832 download)
Download or read book Explaining the Growth of Government written by J.A. Lybeck and published by Elsevier. This book was released on 2014-06-28 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to explain the post-war growth of the public sector in a number of developed economies. The purpose is to see whether scientists familiar with their respective countries' institutional, political and economic framework, but still working as a group, can advance some common factors behind the growth of government.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.:/5 (661 download)
Download or read book Time Preference written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-07 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Time Preference It is the current relative valuation that is placed on receiving a good or some cash at an earlier date in comparison to receiving it at a later period. This is what is known as time preference in the field of economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Time preference Chapter 2: Discounting Chapter 3: Big Mac Index Chapter 4: Interest Chapter 5: Interest rate Chapter 6: Intertemporal choice Chapter 7: Neuroeconomics Chapter 8: Consumption (economics) Chapter 9: Man, Economy, and State Chapter 10: Hyperbolic discounting Chapter 11: Intertemporal consumption Chapter 12: Dynamic inconsistency Chapter 13: Monetary-disequilibrium theory Chapter 14: Discounted utility Chapter 15: Social discount rate Chapter 16: Frank Fetter Chapter 17: Arbitrage Chapter 18: Derivative (finance) Chapter 19: Intertemporal budget constraint Chapter 20: Big push model Chapter 21: Reflections on the Formation and Distribution of Wealth (II) Answering the public top questions about time preference. (III) Real world examples for the usage of time preference in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Time Preference.
Author : Michael Wickens
Publisher : Princeton University Press
ISBN 13 : 1400830230
Total Pages : 496 pages
Book Rating : 4.4/5 (8 download)
Download or read book Macroeconomic Theory written by Michael Wickens and published by Princeton University Press. This book was released on 2011-09-05 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part. It is also the perfect resource for economists who need to brush up on the latest developments. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, exchange-rate determination, and an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. While the mathematics needed for this book is rigorous, the author describes fundamental concepts in a way that helps make the book self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory will become the standard text for students and is ideal for economists, particularly those in government, central and commercial banking, and financial investment. The most up-to-date macroeconomics textbook available today Web-based exercises with answers (June 2008) Emphasis on general equilibrium macroeconomics addresses the whole economy Latest advances in macroeconomics covered fully and completely Gives up-to-date account of monetary policy Covers modern finance Extensive mathematical appendix for at-a-glance easy reference
Author : Torsten Persson
Publisher : MIT Press
ISBN 13 : 9780262661317
Total Pages : 564 pages
Book Rating : 4.6/5 (613 download)
Download or read book Political Economics written by Torsten Persson and published by MIT Press. This book was released on 2002-01-25 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary policy during the course of business and electoral cycles? A large and rapidly growing literature in political economics attempts to answer these questions. But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis. Combining the best of three separate traditions—the theory of macroeconomic policy, public choice, and rational choice in political science—Torsten Persson and Guido Tabellini suggest a unified approach to the field. As in modern macroeconomics, individual citizens behave rationally, their preferences over economic outcomes inducing preferences over policy. As in public choice, the delegation of policy decisions to elected representatives may give rise to agency problems between voters and politicians. And, as in rational choice, political institutions shape the procedures for setting policy and electing politicians. The authors outline a common method of analysis, establish several new results, and identify the main outstanding problems.
Author : Ms.Izabela Karpowicz
Publisher : International Monetary Fund
ISBN 13 : 1513537970
Total Pages : 30 pages
Book Rating : 4.5/5 (135 download)
Download or read book A Closer Look at Sectoral Financial Linkages in Brazil I written by Ms.Izabela Karpowicz and published by International Monetary Fund. This book was released on 2016-03-02 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the interplay between firms’ balance sheets and the macro-economic environment is important for understanding of the Brazilian economy. A close examination of developments in the nonfinancial corporate sector up to the early 2015 reveals weak equity growth, declining profitability, and rising leverage. The empirical work suggests that adverse shocks to financial variables lead to weaker real GDP growth in Brazil through their effect on corporate leverage, borrowing costs, and default frequencies. An estimation based on a DSGE model with financial frictions indicates that the recent economic downturn in Brazil is largely driven by a decrease in total factor productivity and by negative financial shocks.
Author :
Publisher : DIANE Publishing
ISBN 13 : 1457823233
Total Pages : 114 pages
Book Rating : 4.4/5 (578 download)
Download or read book Andean Trade Preference Act: Impact on U.S. Industries and Consumers and on Drug Crop and Eradication and Crop Substitution, 7th Report 1999, Inv. 332-352 written by and published by DIANE Publishing. This book was released on with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Toshihiro Ihori
Publisher : Springer
ISBN 13 : 9811023891
Total Pages : 417 pages
Book Rating : 4.8/5 (11 download)
Download or read book Principles of Public Finance written by Toshihiro Ihori and published by Springer. This book was released on 2016-11-03 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook equips instructors and students with an overview of the existing literature so that the latter can attain an overall understanding of macroeconomic and microeconomic public finance. The literature on public finance has grown dramatically with theoretical studies and empirical analysis, and much of the focus has been on macroeconomic effects of public services. The standard textbook offerings, however, are mainly restricted to microeconomic topics of public finance. This text intends to fill this gap by presenting a theoretical-based, comprehensive explanation of public finance. Particular emphasis is directed at developing tools that can be applied theoretically and empirically to clarify essential economic concerns in the current public sector in advanced countries, including Japan. Such concerns include the macroeconomic effect of fiscal policy, the dependence on bonds for covering government deficits, and social security reform. The main text explains the standard concepts of public finance, and the appendix offers various advanced topics. The material will facilitate an understanding of how to investigate changes in the public sector, interpret results, and basically do research on fiscal policy. The textbook will be of value to a broad range of course offerings, including those generally focused on fiscal policy, on social security reform and on tax reform.
Author : S.S. Stevens
Publisher : Routledge
ISBN 13 : 1351495755
Total Pages : 365 pages
Book Rating : 4.3/5 (514 download)
Download or read book Public Expenditure written by S.S. Stevens and published by Routledge. This book was released on 2017-07-05 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: In all highly industrialized countries public expenditures are a substantial and growing share of total economic activity. The authors integrate normative and positive theory and empirical analysis of public expenditure, concentrating on the optimal provision of public goods and the estimation of their costs and effects. This volume emphasizes the techniques that are available for reaching collective decisions about the provision of public goods and stresses the importance of income distribution and intergovernmental fiscal relations. In a mixed economy, where the public sector is growing faster than the private sector, the nature of public expenditures must be closely evaluated and studied. This book is designed to focus on and delineate controversies about public expenditure--to define what it is, analyze its function, show how it operates, and finally to evaluate research on this important subject.The book considers the theories of leading economists (Kenneth Arrow, Lionel Robbins, Carl Shoup, James Buchanan, Paul Samuelson, Richard Musgrave, and others) in arriving at a clear statement of theory in its application to operational problems. Appropriate attention is paid to current techniques such as program budgeting, cost-benefit analysis, and the analysis of the determinants of public expenditure. The book is unique in its emphasis on the integration and critique of contemporary theories of public expenditure, of distributional concerns, and of the political framework of public expenditure decisions. It provides a necessary resource for professional economists required to deal with public expenditure problems in research or practice.
Author : Richard W. Tresch
Publisher : Academic Press
ISBN 13 : 0126990514
Total Pages : 976 pages
Book Rating : 4.1/5 (269 download)
Download or read book Public Finance written by Richard W. Tresch and published by Academic Press. This book was released on 2002-05-08 with total page 976 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals. * Second edition provides new and updated information * Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism * Features a cohesive and versatile general equilibrium framework
Author : Klaus Schmidt-Hebbel
Publisher : World Bank Publications
ISBN 13 : 9780821338520
Total Pages : 184 pages
Book Rating : 4.3/5 (385 download)
Download or read book Saving Across the World written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on 1997-01-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 349. The Bank's approach to water resources development has shifted from one of construction activities to one of improved management quality, creating a new generation of water-related projects and the need for new evaluation procedures. This paper addresses the methodology for economic evaluation of this new group of projects and draws on the experience of the recently approved Mexico Water Resources Management project.
Author : Pierre-Yves Henin
Publisher : Springer Science & Business Media
ISBN 13 : 3642578179
Total Pages : 416 pages
Book Rating : 4.6/5 (425 download)
Download or read book Advances in Business Cycle Research written by Pierre-Yves Henin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models derived from the Real Business Cycle perspective have recently taken a major place in business cycle research. The papers in this present volume bring three contributions to this research programme: A critical evaluation of the canonical RBC models, new elements of empirical relevance, based on comparative calibration and testing, and new specifications, at the frontier of business cycle research, coping with non walrasian features, contracts and nominal rigidities, unemployment and growth.
Author : Burkhard Heer
Publisher : Springer
ISBN 13 : 3030009890
Total Pages : 388 pages
Book Rating : 4.0/5 (3 download)
Download or read book Public Economics written by Burkhard Heer and published by Springer. This book was released on 2019-02-08 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, the most pressing challenges for public economics are of macroeconomic nature: pensions, debt, income distribution, and fiscal sustainability. All these problems are compounded by the phenomenon of demographic transition and aging. This graduate textbook addresses these issues with the help of state-of-the-art macroeconomic tools that are based on a sound microfoundation and rooted in empirical evidence. Different from the standard partial-equilibrium analysis in traditional textbooks on public economics, the concept of general equilibrium helps to account for compensating or amplifying side-effects of economic policy. GAUSS and MATLAB computer code as well as teaching material (slides) are available as downloads from the author's homepage.
Author : Massimo Rostagno
Publisher : Oxford University Press
ISBN 13 : 0192649280
Total Pages : 496 pages
Book Rating : 4.1/5 (926 download)
Download or read book Monetary Policy in Times of Crisis written by Massimo Rostagno and published by Oxford University Press. This book was released on 2021-06-11 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first twenty years of the European Central Bank (ECB) offer a clear demonstration of how a central bank can navigate macroeconomic insecurity and crisis. As the global economy moves into a new phase of unheralded uncertainty, the story of the ECB holds multiple lessons of wider significance for the central banking community and researchers of monetary policy. This volume provides a unique account of how the ECB has reacted to the challenges confronting the euro area through its monetary policy, turning to innovative measures and unprecedented policy actions to fend off the various threats posed by the global financial turmoil of 2007/08, the euro area sovereign debt market crisis, and the subsequent period of anaemic growth and deflationary pressures. It also addresses some of the criticisms the ECB has faced regarding its policy initiatives. It identifies the ultimate motivation behind the ECB's cautious attitude in the early phases of the financial crisis, and its peculiar definition of price stability and attention for credit creation, as well as addressing the criticism that central banks were fundamentally unprepared to head off a major financial cataclysm as they were wedded to a deficient economic paradigm which made them blind to financial risks. It also shows that the ECB's unconventional low-interest policies have not compromised the position of financial intermediaries in the way commentators initially predicted they would. By condensing the facts and lessons of the first 20 years of the ECB, this volume will acquaint the reader with the structures and decision-making processes behind the complex, often controversial, crisis measures that were taken during some of the toughest economic challenges in the history of modern Europe, and provide them with fresh ex-post analysis on their effect on the real economy and inflation.
