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Macroeconomics

07/24/19

Causes of income inequality in the US?

I read an article in BusinessWeek that talked about income inequality in the US.The article attributed the difference to the Intel chip that came in 1971. Since that time big hi-tech companies have... more

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Macroeconomics

07/24/19

How interest rate affects currency?

I am quite new to economics. I was reading about changes in interest rates and its effect on currency value. The fact is as interest rates increases, the currency value also increases and vice... more

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Macroeconomics

07/23/19

The United States' position on the Laffer Curve?

According to a 2012 IGM panel (cf. reference below), most experts believe that a federal income tax cut would lead to a higher GDP in five years, ceteris paribus. Is this effect purely Keynesian,... more

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Macroeconomics

07/23/19

Has the world become poorer?

This question is not backed by serious economic research but mainly by a very simple attempt to look at how the world economy has changed.I am asking whether and why the world has, over the past 50... more

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Macroeconomics

07/23/19

Is elasticity of substitution between goods empirically constant?

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Macroeconomics

07/22/19

Is there an alternative metric to GDP that measures a country's assets rather than flows?

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Macroeconomics

07/19/19

Where are the payments for export in the balance of payment?

I know that when we sell some goods abroad, we credit Goods&Services part within Trade balance, which is a part of Current Account.What part of the Financial Account is debited with the sum... more

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Macroeconomics

07/19/19

Unemployment and the Frisch-Elasticity?

There is the long debate on the Frisch-Elasticity being the driver of unemployment over the business cycle.One argument against the voluntary-unemployment mechanism of RBC models is that if we... more

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Macroeconomics

07/18/19

What would happen if the world switched to a single currency?

What would happen if all countries suddenly stopped using local currencies and adopted a global currency (like the Euro, but for everyone)?

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Macroeconomics

07/17/19

What are the most used approximations in economics?

As I progress in my self-study, I'm tired of having to search for several different approximations techniques used in economic textbooks. Sometimes the authors don't even tell the reader they are... more

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Macroeconomics

07/17/19

Research at the county-level: Macro or Micro?

Is research at the county-level considered applied micro or applied micro? The standard undergrad definitions (**"micro" = "individual"**, **"macro" = "nation"**) are of no help with units of... more

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Macroeconomics

07/16/19

Is the standard of living of poor & middle class people higher than in the past?

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Macroeconomics

07/15/19

How does inflation impact the welfare of the economy?

When the government causes inflation through printing money, the individuals who saved their money in the bank are poorer. Is there a way to determine how different inflation rates impact the... more

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Macroeconomics

07/12/19

Is a 'Brexit' really that bad?

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Macroeconomics

07/10/19

What is the economic purpose of increasing the minimum wage?

It is generally accepted among economists that minimum wage warps the equilibrium point between the supply and demand of labor by instituting a price floor and increases unemployment for unskilled... more

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Macroeconomics

07/10/19

What institutions are examples of "shadow banking"?

I often hear the term shadow banking tossed around when discussing the United States and Chinese economies. What exactly is shadow banking and could you give examples of some specific companies... more

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Macroeconomics

07/10/19

How does a reduction in consumer spending in favour of consumer saving, affect economic activity?

Let's say our government runs an advertising campaign, encouraging its citizens to reduce spending money on consumer items, and instead save more money. Let's say the campaign is successful, and... more

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Macroeconomics

07/07/19

When countries industrialise, why do jobs from agriculture shift to manufacturing?

This is a historical trend whether it may 18th century Britain or 19th century America or what's currently happening in China. What I am confused is by the fact that manufacturing jobs such as... more

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Macroeconomics

07/06/19

What keeps minimum wage rates in balance?

I would posit that the minimum wage is determined more on a political than an economic basis. The fact is that there are more wage earners than business owners and, generally speaking, the wage... more

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Macroeconomics

07/04/19

Has the natural rate of unemployment decreased with modern travel and the Internet?

The natural rate of unemployment is a combination of structural unemployment and frictional unemployment. Structural unemployment is caused by a surplus of labor at a given wage in a given area. ... more

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Macroeconomics

07/03/19

Do countries invest in the country's own stock market?

For example can the government of the UK invest in some company with shares in the FTSE 100? Or can Russia take the opportunity now that the shares of oil companies are low to buy them?

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Macroeconomics

06/29/19

Does the money's "Store of value" function actually exists?

I'm aware of the following four functions of money:1. Medium of exchange.2. Measure of value (in dollars, pounds, etc.)3. Standard for exchanging goods (guaranteed by the Fed)4. A Store of value... more

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Macroeconomics

06/27/19

Does RBC models pin down equilibrium output, amount of labor and capital without initial condition?

In ordinary equilibrium models, we can pin down equilibrium quantity by supply-demand functions.Is this the same in RBC models? Can we pin down equilibrium output and amount of labor and capital... more

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Macroeconomics

06/26/19

How do I find the number of employed workers and unemployed workers?

Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment Rate 5.8% Participation... more

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Macroeconomics

06/24/19

Right definition of natural rate of unemployment?

Earlier I studied macroeconomics from Blanchard. But now while reading Mankiw's Macroeconomics I found different definition for natural rate of unemployment. According to Blanchard,**"the rate of... more

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Causes of income inequality in the US?

How interest rate affects currency?

The United States' position on the Laffer Curve?

Has the world become poorer?

Is elasticity of substitution between goods empirically constant?

Is there an alternative metric to GDP that measures a country's assets rather than flows?

Where are the payments for export in the balance of payment?

Unemployment and the Frisch-Elasticity?

What would happen if the world switched to a single currency?

What are the most used approximations in economics?

Research at the county-level: Macro or Micro?

Is the standard of living of poor & middle class people higher than in the past?

How does inflation impact the welfare of the economy?

Is a 'Brexit' really that bad?

What is the economic purpose of increasing the minimum wage?

What institutions are examples of "shadow banking"?

How does a reduction in consumer spending in favour of consumer saving, affect economic activity?

When countries industrialise, why do jobs from agriculture shift to manufacturing?

What keeps minimum wage rates in balance?

Has the natural rate of unemployment decreased with modern travel and the Internet?

Do countries invest in the country's own stock market?

Does the money's "Store of value" function actually exists?

Does RBC models pin down equilibrium output, amount of labor and capital without initial condition?

How do I find the number of employed workers and unemployed workers?

Right definition of natural rate of unemployment?

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