Business Strategy. Sustained Budget Deficits: Longer-Run U.S. Economic Performance and the Risk of Financial and Fiscal Disarray. AEA-NAEFA Joint Session, Allied Social Science Associations Annual Meetings, The Andrew Brimmer Policy Forum, ""National Economic and Financial Policies for Growth and Stability"" By: Allen Sinai, Peter R.
Orszag and Robert E. Rubin The U.S. federal budget is on an unsustainable path. In the absence of significant policy changes, federal government deficits are expected to total around $5 trillion over the next decade.
Certificate in Economic Measurement 2011. Economic Measurement Seminar Links to presentations Now in its 8th year, The NABE Foundation's Economic Measurement Seminar (formerly, the Professional Development Seminar) is a convenient, cost-effective program designed to strengthen your knowledge of economic statistics and analytical techniques, enhancing your ability to add value in your workplace.
Each session at the EMS pairs data producers with prominent data users to provide you with an insightful view of how data are compiled and how they are used by leading analysts. EMS attendees earn the Certificate in Economic Measurement and enjoy numerous opportunities to network with instructors and colleagues. The Economic Measurement Seminar features a dual-track format and includes sessions on:
Economic Freedom of the World project. Introduction to Economic Analysis. By R.
Preston McAfee Google News: Because of the change in FlatWorld's business model, we have ended our relationship with them. We are looking for someone who would like to take charge of IEA. Interested? Digest OnLine. The National Bureau of Economic Research. IDEAS: Economics and Finance Research. RePEc: Research Papers in Economics. Mundell–Fleming model. The Mundell–Fleming model, also known as the IS-LM-BoP model, is an economic model first set forth (independently) by Robert Mundell and Marcus Fleming. The model is an extension of the IS-LM Model.
Whereas the traditional IS-LM Model deals with economy under autarky (or a closed economy), the Mundell–Fleming model describes an open economy. The Mundell–Fleming model portrays the short-run relationship between an economy's nominal exchange rate, interest rate, and output (in contrast to the closed-economy IS-LM model, which focuses only on the relationship between the interest rate and output). The Mundell–Fleming model has been used to argue that an economy cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy.
Deflation. In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).
This should not be confused with disinflation, a slow-down in the inflation rate (i.e., when inflation declines to lower levels). Inflation reduces the real value of money over time; conversely, deflation increases the real value of money – the currency of a national or regional economy. This allows one to buy more goods with the same amount of money over time. Causes and corresponding types In monetarist theory, deflation must be associated with either a reduction in the money supply, a reduction in the velocity of money or an increase in the number of transactions. But any of these may occur separately without deflation. IS/LM model. The IS curve moves to the right, causing higher interest rates (i) and expansion in the "real" economy (real GDP, or Y).
The IS–LM model (Investment Saving–Liquidity Preference Money Supply) is a macroeconomic tool that demonstrates the relationship between interest rates and real output, in the goods and services market and the money market. The intersection of the IS and LM curves is the "general equilibrium" where there is simultaneous equilibrium in both markets. Why do good institutions ever decline? Caucus Night Colorado. Tonight is Caucus night in Colorado.
Thousands of political junkies and activists will turn out to elect delegates to represent candidates at the party state assemblies in May. Key races to watch include the Democratic and Republican U.S. Senate contests. Democratic Sen. Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse (9781596985872): Thomas E. Woods Jr., Ron Paul. Hedonic regression. An attribute vector, which may be a dummy or panel variable, is assigned to each characteristic or group of characteristics.
Hedonic models can accommodate non-linearity, variable interaction, or other complex valuation situations. Hedonic models are commonly used in real estate appraisal, real estate economics and Consumer Price Index (CPI) calculations. In CPI calculations hedonic regression is used to control the effect of changes in product quality. Price changes that are due to substitution effects are subject to hedonic quality adjustments. Taking On 'Rational Man' - Research. January 24, 2003 By Peter Monaghan How do you start a fire under a huge wet blanket?
A faction of disgruntled economists says that is their predicament. Their efforts to open the field to diverse views are smothered, they say, by an orthodoxy -- neoclassical economics and its derivatives -- that is indulgently theoretical and mathematical in its aspiration to be more "scientific" than any other social science. Although it is inadequate to explain human behavior, they say, that brand of economics. World Economic Outlook (WEO) Update. Table 1.
Overview of the World Economic Outlook Projections(Percent change, unless otherwise noted) Concern over sovereign risk spilled over to banking sectors in Europe. Funding pressure reemerged and spread through interbank markets, fed also by uncertainty about policy responses. Center For Continuing Study of the California Economy. CCSCE conducts research under contract to public agencies, private clients and foundations.
CCSCE’s principal expertise is in developing long-term projections of economic and demographic trends for California and sub state market areas. CCSCE helps clients see the important stories told by the numerical projections and relate these stories to the needs of each client. In addition to the long-term projection analysis and story development, CCSCE has experience in analyzing state budget, workforce and immigration trends and related policy issues.
CCSCE works alone or in teams with other professionals where CCSCE provides the California economy expertise. Forum - CREOpoint.
Happiness economics. Subject classifications The subject may be categorized in various ways, depending on specificity, intersection, and cross-classification. For example, within the Journal of Economic Literature classification codes, it has been categorized under: Welfare economics at JEL: D63 – Equity, Justice, Inequality, and Other Normative Criteria and MeasurementHealth, education, and welfare at JEL: I31 – General Welfare; Basic needs; Living standards; Quality of life; HappinessDemographic economics at JEL:J18 – Public Policy. Metrology Michael Eysenck.
Michael William Eysenck (born 8 February 1944) is a British academic psychologist, and is an emeritus professor in psychology at Royal Holloway, University of London. He also holds an appointment as Professorial Fellow at Roehampton University. His research focuses on cognitive factors affecting anxiety. Eysenck has written and co-written many publications, including several textbooks. In the late 1990s, he developed the theory of the 'hedonic treadmill', stating that humans are predisposed by genetics to plateau at a certain level of happiness, and that the occurrence of novel happy events merely elevates this level temporarily.
He is the son of the noted psychologist Hans Jürgen Eysenck. Social comparison theory. Social comparison theory was initially proposed by social psychologist Leon Festinger in 1954. Social comparison theory is centered on the belief that there is a drive within individuals to gain accurate self-evaluations. The theory explains how individuals evaluate their own opinions and abilities by comparing themselves to others in order to reduce uncertainty in these domains, and learn how to define the self. Following the initial theory, research began to focus on social comparison as a way of self-enhancement, introducing the concepts of downward and upward comparisons and expanding the motivations of social comparisons. Initial framework Hedonic treadmill. The hedonic treadmill, also known as hedonic adaptation, is the supposed tendency of humans to quickly return to a relatively stable level of happiness despite major positive or negative events or life changes. According to this theory, as a person makes more money, expectations and desires rise in tandem, which results in no permanent gain in happiness.
Brickman and Campbell coined the term in their essay "Hedonic Relativism and Planning the Good Society" (1971). During the late 1990s, the concept was modified by Michael Eysenck, a British psychologist, to become the current "hedonic treadmill theory" which compares the pursuit of happiness to a person on a treadmill, who has to keep walking just to stay in the same place. A survey of ecological economics.