10/9/12 How to grow | The Economist Special report: The world economy In this special report How to grow Withdrawal symptoms The cost of repair From hoarding to hiring Pass and move Smart work A better way Sources & acknowledgementsReprints How to grow Without faster growth the rich world’s economies will be stuck. But what can be done to achieve it? Our economics team sets out the options Oct 7th 2010 | from the print edition
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| |Japan: Macroeconomic Analysis | | | | |Juan Pablo Giraudo
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Historians have concluded‚ that the economic impact of the first World War caused the Great Depression in the1930s. Yet they disagree as to whether exogenous shocks or economic stagnation following the war lead to the depression. Peter Temin‚ Christina Romer and Michael Calamaris believe that a series of monetary shocks during the late 1920s‚ that had their origins during and after the great war‚ turned an economic downturn of 1929 into the depression of the 30s. Temin argues that the “collapse of
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References: Greenspan A. (2007) The Age of Turbulence. Adventures in a New World. The Penguin Press. Pissarides C. A. (2006) Unemployment in Britain : A European Success Story. In Werding‚ Martin (ed.)‚ Structural Unemployment in Western Europe: Reasons and Remedies‚ CESifo Seminar Series‚ Cambridge MA‚ London‚ UK : MIT Press‚ 2006. Simoney G. (2009) The Queens’ man. Skidelsky R. (2009a) The Unreality of the “Real” Business
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The United States of America locks up more people‚ per capita‚ than any other nation. But grappling with why requires us consider the many types of correctional facilities and the reasons that 2.3 million people there (Wagner). When someone get convicted of a felony they immediately lose many of their rights. One of the biggest things that they lose is the right to vote and that can decide a lot of someones life. Many people in places such as Florida don’t know that you can regain your rights to
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Question 5 energy prices permanently increased The rise in energy prices reduces the productivity of capital per worker. This causes sf(k) to shift down from sf1(k) to sf2(k). The result is a decline in steady-state k. Steady-state consumption per worker falls for two reasons: (1) Each unit of capital has a lower productivity‚ and (2) steady-state k is reduced. population growth rate permanently increased due to increased immigration Immigration raises n from n1 to n2. The rise in n lowers
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evaluate and provide an image of what is currently happening and what an outlook may be on the economy. Several of the important factors are the business cycle‚ consumer price index‚ stock prices‚ consumer confidence index‚ gross domestic product and unemployment rates. The overall picture of the economy is relevant to its current business cycle. The business cycle is the recurring and fluctuating levels of economic activity that an economy experiences over a long period of time. The five stages of the
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ago‚ the stock market collapse. Excessive amounts of stock was traded and billions of dollar were lost‚ effectively sending us into a downward economic spiral we call the Great Depression. By 1933‚ half of all American banks had failed and the unemployment rate soared. It is generally agreed upon that excessive and improper use of credit‚ overspeculation in the stock and real estate markets‚ grossly high tariffs (which cut off international trade)‚ and return to the gold standard are the primary
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United States to combat this claim. In Germany‚ where the minimum wage is the equivalent of $10‚ the national youth unemployment rate is 7.8%. Compared to the American youth unemployment rate of 15.5%‚ it appears as though a higher minimum wage is not a major contributing factor towards higher unemployment rates. In Switzerland‚ there is also a higher minimum wage and lower youth unemployment rate than in the United States. In addition to all of this‚ John Komlos references a poll conducted by The Pew
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measure the health of an economy and determine at what stage of a business cycle is the economy in. GDP is defined as the market value of final goods and services in a giving year. Business cycles happen due to periods of fast economic growth and stagnation. A business cycle is the upward or
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