Sumru G Altuğ Business Cycles Fact, Fallacy and Fantasy (2009)

... 15:12 9in x 6in b808-ch01 2 Business Cycles: Fact, Fallacy and Fantasy measurement and identification of business cycles. During this time, Burns and Mitchell [50] and researchers at the National ... of Economic Research (NBER) methodology for dating business cycles and present the basic facts regarding business cycles. Much of the early work on business cycles...

Ngày tải lên: 09/12/2013, 10:56

... between no government control and effective government control of aggregate demand. Fed- eral government spending increased substantially during World War I, from less than 2 percent of GNP in 1915 ... fact that output growth was already high and inflation was relatively high and rising. 18 In the mid-1960s, increases in government spending related to the Vietnam War and the Great Soci...

Ngày tải lên: 17/02/2014, 21:20

... pooled advanced and emerging/developing countries in their sample: e .g. , a recent U.S. budget anal- ysis, seemingly referring to the IMF’s studies and others, said: “Some international economic organizations ... (1933) and Minsky (1986), works which have recently attracted renewed attention (e .g. , Eggertsson and Krugman 2012; Battacharya, Goodhart, Tsomocos, and Vardoulakis 2011...

Ngày tải lên: 06/03/2014, 08:20

... fall of the land price, especially for productive agents who have outstanding debt obligations. Thus, the share of investment of productive agents, aggregate productivity and aggregate investment ... (26) The land price is the present value of the future marginal product of land, which turns out to be proportional to the present aggregate output and the present aggregate wealth owing to t...

Ngày tải lên: 15/03/2014, 04:20

... signals which generate economic develop- ment and false interest-rate signals which generate business cycles. Under- standing the giant skyscraper as a manifestation of the business cycle and thus ... such as Hong Kong, Malaysia, Singapore, Vietnam, and South Korea experienced significant economic growth during the 1980s and 1990s. SKYSCRAPERS AND BUSINESS CYCLES 57 6 It is...

Ngày tải lên: 23/03/2014, 02:20

... qualities, and quantities of consumers' and producers' goods ; every firm would employ the same kind and quantities of productive goods and services ; finally, all these goods would be bought ... of Walras and Pareto timeless than to charge them with the absurdity of assuming omnis- cience. The particular kind and amount of information, understanding, foresight, or f...

Ngày tải lên: 29/03/2014, 19:20

... sector aggregates of emerging markets began with treating the real interest rate movements as exogenous shocks and the driving force of fluctuations in emerging markets (see Neumeyer and Perri ... shocks that are negatively correlated with country fundamentals combined with these wedges does a good job replicating observed emerging market business cycles. Aguiar and Gopinath (2006b) r...

Ngày tải lên: 01/06/2014, 14:00

... Protecting your business requires educating yourself and your employees about safe computing and browsing practices. A comprehensive set of IT usage guidelines should focus on the following: • ... threats by reading security- related blogs and related information pages like the Threat Encyclopedia and the Security Intelligence Blog. 4 Safeguard your customers’ interests. • Sta...

Ngày tải lên: 17/02/2014, 21:20

... hedging added to an estimated outstanding global hedge book of 158 tonnes. 9 The gold mining sector is deriving clear benefi ts from a decade of rising prices and high absolute prices, giving ... Barrick Gold Corp, Goldcorp Inc., Newmont Mining Corp., Yamana Gold Inc., AngloGold Ashanti Ltd., Randgold Resources Limited, New Gold, Gold Fields Ltd., Harmony Gold Mining Co. Ltd., Agnico-Eag...

Ngày tải lên: 18/02/2014, 00:20

... obligation has been met the document shall be void. MORTGAGES MUST BE RECORDED The forms for "signing, sealing and delivering" a mortgage, are the same as with a deed. A mortgage must ... mortgage should be the same. The man who mortgages his property is the mortgagor. The man to whom the mortgage is given is the mortgagee. The form of the mortgage is the same as that of a deed, e...

Ngày tải lên: 06/03/2014, 18:20