Macroeconomics

financial institutions and the U.S. Federal Reserve Bank making disbursements in dollars. At the same time, fixed currency exchanges stabilized countries’ domestic interest rates and, therefore, their economies. Governments could thus implement macroeconomic policy "without interference from the ebb and flow of international capital movements or flights of hot money," said J. M. Keynes, father of Keynesianism and architect of the postwar world economic order (McMichael, 2016). Although, as the…

Firstly, the relative low income indicates the children in households below the sixty percent of median income. Secondly, the absolute low income, which indicate the children in households below sixty percent of 2010/11 median income up rated in line with inflation. Thirdly, combined low income and material deprivation indicates the children below 70 percent of median income together with as yet an undefined material deprivation index. Fourthly, the persistent low income is to be defined in 2014…

EXTERNAL STABILITY Definition: External stability is an aim of government policy that seeks to promote sustainability on the external accounts so that Australia can service its foreign liabilities in the medium to long term and avoid currency volatility. External stability indicators include the CAD, foreign liabilities and the exchange rate. Measurement, Trends and Current Statistic External stability is measured through an analysis of CAD as a % of GDP, net foreign debt as a % of GDP and…

John Maynard Keynes John Maynard Keyes is a British economist that is known for his views and thoughts on macroeconomics. Keynesian economics govern his ideas, which indicates that economic output in the short run are heavily influenced by aggregate demand. Keynesian economics finds aggregate demand to be influenced by many factors, which may act in an unstable way. This view of economics was first introduced during The Great Depression with Keyes’ book The General Theory of Employment,…

Assignment of Economics of Growth and Development Topic:- Ricardo Submitted to:- Submitted by:- Prof. M.R. Khurana Name: - Jyoti Department of Economics Class: - M.A. 2ndyr. Roll No. : - 42 About David Ricardo David Ricardo (1772–1823) was one of the greatest theoretical economists of all time. Ricardo attended…

This chapter is divided into two parts; the theoretical part and the empirical part. Section 2.1 reviews the theoretical literature and section 2.2 will provide an insight on the various empirical literatures of the CAPM and the APT. 2.1 Theoretical literature review The Capital Asset Pricing Model (CAPM) was formulated by Sharpe (1964) as well as Lintner (1965) following the work of Markowitz (1959). Since then it has produced amazing achievement because its simplified approach attracted many…

This means the creation of more jobs, and large amounts of foreign currency, continuously arriving in the government budget. Particular attention is paid to the Spanish resort areas of environmental ecology. There are certain restrictions on the movement of road transport, trees are grown at new parks, the beaches and streets of coastal towns are constantly exposed to thoroughly clean. Old resorts in Spain are converted in accordance with the new trends, such as Benidorm and Torremolinos. In…

The present thesis, is aimed to analyze the social behavior of transnational corporations during the economic crisis of late 2000s. While the growth of world´s GDP was negative in 2009 (-2.1%) and many corporations experienced cuts in employment, limited access to credit, and reductions in capital and technological spending (Campello et al., 2010: 1), the social investment of many firms followed a counter-intuitive move by increasing their social contributions in more than 228%. Between 2004…

Except creating new travel patterns for people, developed infrastructure increases operational opportunities for firms (Banister D., Berechman J., 1999). There are for example products that have to be transported within few hours and be available at certain radius. Providing firms with new transport options help them to expand and ensure their output is vastly available on the commercial market. Improved infrastructure increases potential output of the factory and makes production more…

As the world’s largest clothing and apparel brand, Nike, Inc. is constantly under pressure from shareholders, and competitors alike to compete on a global stage. With this, comes pressure to derive strong sales growth through superior products quality, strong brand strength, and a sustainable corporate and ethical image. In order to stay on top, growth is not enough. Nike must also keep costs in line and continue to grow their bottom line – maybe even faster than the top. This focus leads…