In this thesis, I provide the first analysis of the U.S. UI system that simultaneously incorporates the three channels through which UI enhances agents' welfare: consumption smoothing across employment states, improved job matching during the reemployment process, and redistribution of wealth across ...
The factor that provides a measure of the increases in the price levels of economies over a period of time denotes the inflation rate as it denotes how costly the commodities have become in the economy that has a direct bearing on the purchasing power of the people given the income levels....
Keynes was almost bankrupted bythe stock market crash of 1929, but he was able to rebuild his fortune. In 1936, Keynes wrote his seminal work, the "General Theory of Employment, Interest and Money," which advocated government intervention to promote consumption andinvesting; it also pushed to ...
imports are falling. less stuff to buy from outside of the country. manufacturing is contracting. less stuff to buy from inside the country. explain to me how consumption is growing when there is less available to buy…for months now. domestic consumption is the one piece of the chinese gdp...
and currencies are all viable instruments for those looking to express a market view and capitalize on potential trends as they develop. But there are some key advantages that are associated with the commodities space that should be considered by those looking to find new opportunities in the mark...
DSGE models are common for macroeconomics. But they have limits in showing diversity and change in finance. ABM models are better for this. Using both models together gives more insights. Some central banks do this already. These include the Bank of England, Bank of Canada, Bank ...
In addition, we find that regional house prices affect regional consumption growth. Predictable changes in house prices are correlated with predictable changes in consumption, particularly for households that are more likely to be borrowing constrained, but this effect is driven by national rather than...
role for economists is deciding which assumptions to make. It is a challenging task trying to find assumptions that will simplify your question but not significantly reducing the usefulness of your question and theory. In addition, the assumptions depend on the question you are trying to answer. ...
Further, compared to frequentist methods, Bayesian estimation relies on priors, which in macroeconomics is still controversial because for some coefficients we may not have a strong understanding of what the priors should be—we find this to be the case for our model. To make progress, therefore...
If prices are slow to change, this makes it possible to use themoney supplyas a tool and changeinterest ratesto encourage borrowing and lending. Lowering interest rates is one way that governments can meaningfully intervene in economic systems, thereby encouraging consumption and investment spending....