The Ostrich in Us: Selective Attention to Financial Accounts, Income, Spending, and Liquiditypersonal financerational inattentionSelective attentionA number of theoretical research papers in micro as well as macroeconomics model and analyze attention but direct empirical evidence remains scarce. This paper ...
health-status, healthcare utilization at the intensive margin (i.e., hospital visits to seek treatment). Our results suggest that healthcare spending by females in India and the global South is...
In macroeconomics, does GDP include the spending of tax money? If not, where did it go? What tax and expenditure policies should the government pursue during a recession? Explain how the marginal propensity to consume and the tax rate affect the income-expenditu...
2.12 Microeconomics, Macroeconomics, Finance, and Theory of Interest This course dealt with four related fields of knowledge: microeconomics, macroeconomics, finance, and the theory of interest. Much if not all of this material is now integrated into the SOA courses FM (Financial Mathematics) (CAS...
Macroeconomics (上) 01 宏观经济活动 Economic activity A 收入循环流动模型 Circular flow of income model 描述了金钱和商品在整个经济体系中的流动过程。 上图的模型的是一个封闭的经济体closed economy(没有imports and exports ),没有政府(没有taxes & government spending ),没有investment和savings。
One of the core concepts of macroeconomics is that income equals spending, which means that GDI should be the same as GDP in an economy at equilibrium. Understanding Gross Domestic Income (GDI) GDI is the total income that all sectors of an economy generate, including wages, profits, and tax...
The difference betweenthe income effect and the price effectis that the income effect evaluates consumer spending habits based on a change in their income. The price effect instead considers consumer spending habits based on a change in the price of a good or service. ...
and distribution of products and services. Typically, economics is used to explain how scarce resources are allocated by illustrating how decisions made by economic agents such as households, individuals or government affect the distribution of resources. Macroeconomics and microeconomics are the two major...
American Economic Journal: Macroeconomics, 7(4), 160–187. https://doi.org/10.1257/mac.20120163 Bazzi, S. (2017). Wealth heterogeneity and the income elasticity of migration. American Economic Journal: Applied Economics, 9(2), 219–255. https://doi.org/10.1257/app.20150548 Article Google ...
The question can be framed in terms of the elasticity of tax collections with respect to spending on tax enforcement; that is, what is the percentage change in tax collections derived from a percentage change in spending on tax enforcement? With all of the elasticity concepts that have just ...