The financial development and structure of a given country is found not to matter much for the intensity of the propagation of financial shocks. Moreover, we generally find that these shocks play a role not only in crisis times, but also in normal conditions. Finally, we discuss the ...
While rational choice theory is logical and easy to understand, it is often contradicted in the real world. For example, political factions that were in favor of the Brexit vote, held on June 23, 2016, used promotional campaigns that were based on emotion rather than rational analysis.5These ...
“That’s the rule of thumb that’s often been used,” says Eric Swanson, economics professor at the University of California, Irvine, who spent 10 years at the Fed. “But the last couple of recessions, it’s not quite been true.” Technically speaking, a recession is when the National...
Economics: The way money flows through society is often associated with the way goods and services are consumed in a society. When an economy is doing well people often have more money to buy things, which can help support the economy. Economics looks at how money, products, and other thing...
a serious injury rushing the ball, that's calamity. In the NFL, no team is five-deep at quarterback like in college. Backups tend to be players who haven't seen the field in years, unlike in college, where many backups were stars the season before. Marx said everything is economics....
Inflation is a sustained increase in prices of goods and services, which can negatively impact purchasing power and lead to tough financial decisions for consumers. The Federal Reserve targets a 2% annual inflation rate as a sign of a healthy economy. ...
The concept of economic stimulus is associated with 20th century economistJohn Maynard Keynes. A recession, according to Keynesian economics, is a deficiency ofaggregate demandwhere the economy will not self-correct. Instead, it reaches a new equilibrium with higherunemployment, lower output, and slow...
“All of the economies involved in the tariffs will see a loss in their real GDP (gross domestic product) and increasing consumer prices in general,” said Wendong Zhang, an assistant professor of applied economics and policy at Cornell University. ...
Put simply, resilience is the ability to manage through adversity and change, without compromising future well-being” (2022, p.8). In this new understanding, resilience is no longer a single strategy to bounce back from a shock, but rather a combination of absorptive, adaptive and ...
monitor remote device alerts and notifications and escalate issues to doctors. In some RPM systems, staff members reach out to patients directly when they see anomalous data—for example, to find out if a patient whose lung capacity readings are low is experiencing nausea or shortness of breath...