The coronavirus pandemic poses an enormous challenge for the domestic and global economy. Despite the measures taken by the Austrian government, the consequences of the lockdown and partial suspension of global trade flows ...
Economics & Business
Apr 21, 2020
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5
Modern macroeconomics has failed to produce an understanding of economies in times of crisis. Modern macroeconomics are still based on the assumption of equilibria, but a shock pushes economies out of a state of equilibrium. ...
Economics & Business
Apr 16, 2019
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9
A new research paper in the International Journal of Economics and Business Research uses log-linear models to study the correlation between happiness, employment and various demographic factors.
Social Sciences
Jan 16, 2019
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3
Political scientists at the University at Buffalo and Pennsylvania State University have published new research investigating how partisan differences in macroeconomic policy have contributed to substantial and rising economic ...
Economics & Business
Mar 12, 2015
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22
(Phys.org) —New research from the University of Georgia and Miami University helps explain how a 1997 amendment to the Texas Constitution that relaxed restrictions on mortgage lending boosted statewide retail sales and ...
Economics & Business
Mar 5, 2013
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0
A dirty bomb attack centered on downtown Los Angeles' financial district could severely impact the region's economy to the tune of nearly $16 billion, fueled primarily by psychological effects that could persist for a decade.
Economics & Business
Apr 23, 2012
1
0
The value of silver soared to an all-time high last Thursday, and plunged dramatically yesterday, illustrating the constant volatility of the precious-metals market, which includes lustrous commodities like gold, silver and ...
Economics & Business
May 6, 2011
4
0
(PhysOrg.com) -- Public attitude may be as important as public policy when it comes to the economy, according to UC Irvine’s Fabio Milani. A new economic model developed by the assistant professor of economics takes into ...
Economics & Business
Jun 22, 2010
0
0
China is leading a push by Asia-Pacific nations into green technology, which could be their ticket to sustained growth and reduced reliance on Western markets, the United Nations said Thursday.
Energy & Green Tech
May 6, 2010
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0
(PhysOrg.com) -- Whether it’s dog food or iPods, tires or televisions, virtually every consumer has endured a frustrating out-of-stock experience. Retailers hate it as much as customers, perhaps more, because they lose ...
Economics & Business
Nov 11, 2009
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0
Macroeconomics (from Greek prefix "makros-" meaning "large" + "economics") is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy. With microeconomics, macroeconomics is one of the two most general fields in economics.
Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets. While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.
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