Development section research project
Pages 581-586
Follow the instructions and investigate a less developed country for the sake of creating a project to aid in the nation's development.
Showing posts with label W14. Show all posts
Showing posts with label W14. Show all posts
Wednesday, November 15, 2017
Thursday, December 1, 2016
G11 - Week 14 - Day 2
In-class work
- Exercise 1 (p. 273)
- An Introduction to Aggregate Supply
From the blogosphere
- Which kind of countercyclical fiscal policy is best?
- "a very interesting paper"
- "The figure shows considerable variation over time, establishing that the state of the economy is crucial for the effectiveness of fiscal policy response.32 Multipliers rise considerably during the financial crisis, and tend to be low during other periods. Interestingly, the purchases multipliers is the most stable, and smaller than one. It only rises modestly around the Lehman event, and falls sharply during 2009 (precisely when the ARRA is implemented). The transfer multiplier is typically lower than the purchases multiplier, and is even negative during some periods of expansion. It rises considerably, above 1.5, during the financial crisis, which is consistent with the large role of transfers for stabilization. Bank recapitalizations also have fiscal multipliers that are typically negative but rise considerably during the crisis, going over 2. These facts provide further evidence on the stabilizing role of these two fiscal policy tools during the financial crisis. Interestingly, and unlike government purchases, these effects are extremely state dependent as these two tools have the potential to generate negative multipliers if used during periods of expansion." (p. 47-48)
- Confusions about the multiplier < 1 (me defending
- Mobilizing Real Resources
Currently Reading
Tuesday, November 29, 2016
G11 - Week 14 - Day 1
In-class work
- An Introduction to Aggregate Demand
- Exercise 1 (p. 273)
- An Introduction to Aggregate Supply
From the blogosphere
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