NBER researchers James Levinsohn and Margaret McMillan tackle this debate in “Does Food Aid Harm the Poor? Household Evidence from Ethiopia.”* The impact of lower food prices on the poor, they reason, hinges on whether poor households ...
TALKING WITH Michael Parkin talked with John McMillan about his career and the progress that economists have made in understanding markets since the pioneering work of Alfred Marshall . JOHN MCMILLAN holds the Jonathan B. Lovelace Chair ...
The British economist Lionel Robbins summarized the impact : The most thoroughly documented case of hyperinflation took place in the Weimar Republic of Germany in the 1920s . Figure 14-5 shows how the government unleashed the monetary ...
Forward s economics in popular culture Which Movie Did Better at the Box Office - Austin Powers : The Spy Who Shagged Me or Butch Cassidy and the Sundance Kid ? Austin Powers : The Spy Who Shagged Me came out in 1999 .
Thomas Wyrick Southwest Missouri State University Richard O. Welch University of Texas at San Antonio Thomas Weiss University of Kansas Donald A. Wells University of Arizona John Wight University of Richmond , Virginia Scott Bloom North ...
EXHIBIT 2 The Phillips Curve and a Menu of Choices Samuelson and Solow's early work using American data showed that the Phillips curve was downward sloping. Economists reasoned that stag- flation was extremely unlikely and that the ...
The Phillips curve is an alternative way to analyze the interactions between aggregate supply and aggregate demand . The Phillips curve equation is T = Tee – Blu - u ” ) + v , ( 13-3 ) where it equals the actual inflation rate ...
This text provides a clear explanation of basic economic principles through analogies, real-world examples and user-friendly graphs and illustrations.
Macroeconomics: Includes Pearson EText
The Phillips Curve and the Shifting SRAS Curve FIGURE 35-1 The Effects of Inflationary Shocks Initial shock Initial. Box 35-1 In the early 1950s , Professor A. W. Phillips of the London School of Economics was conducting pathbreaking ...
Macroeconomics
The purpose of Baumol and Blinder is not to overwhelm students with a series of techniques, formulas, and diagrams; rather they seek to have a conversation with their readers, encouraging them to think for themselves and to enjoy all the ...
... Southwest Texas State University Adhip Chaudhuri , Georgetown University Gopal Chengalath , Texas Tech University Daniel Christiansen , Albion College John J. Clark , Community College of Allegheny County , Allegheny Campus Meredith ...
Long-Run Economic Health: Long-Run Implications of Macroeconomic Policy; Economic Growth. International Trade and Finance: International Trade; International Finance. For all readers interested in macroeconomics.
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Macroeconomics
Macroeconomics
The baker buys flour from the miller . The flour includes value added by the farmer and by the miller . The baker adds more value by turning the flour into bread . Wages are paid to bakery workers , interest is paid on the capital used ...
Macroeconomics: Monographs
College level text.