The International Economy: Bind or Boon?

2018 ◽  
Vol 246 ◽  
pp. R50-R63 ◽  
Author(s):  
Jagjit S. Chadha
Keyword(s):  
Aggregate Demand ◽  
Aggregate Fluctuations ◽  
Domestic Activity ◽  
Macroeconomic Dynamics ◽  
Demand And Supply ◽  
Factor Markets ◽  
The Uk ◽  
External Sector ◽  
The Impact ◽  
Modern Era

The Institute has long examined overseas developments in order to understand better domestic macroeconomic dynamics. The organising principle for much of the postwar period was simply the impact on net trade with an implicit view on whether the exchange rate was at an appropriate level and, as such, the external sector was viewed as a constraint on domestic activity. Increasingly integrated factor markets in the modern era of globalisation means that the overseas sector plays a fundamental role in the evolution of both aggregate demand and supply in the UK economy and it is increasingly hard to disentangle the overseas from the domestic sectors. It is not so much that we should reverse this integration but more how to design policy to limit any undesirable consequences on regional and income distribution, as well as aggregate fluctuations in activity.

scholarly journals Some Micro Aspects of Human Migration Activity

1973 ◽  
Vol 5 (2) ◽  
pp. 125-130
Author(s):  
David D. Osburn
Keyword(s):  
Gross National Product ◽  
Aggregate Demand ◽  
Human Migration ◽  
Migration Activity ◽  
Demand And Supply ◽  
Human Agent ◽  
Factor Markets ◽  
Per Capita ◽  
To Receive ◽  
The U.S

Only recently have economists emphasized the human agent as a resource and the significance of human migration in promoting economic growth. Advances in technology, increased per capita income and population have all emphasized the necessity of labor force adjustment in our economy. Due to dynamic shifts in aggregate demand and supply functions, labor must be mobile to receive the maximum return possible for its contribution to gross national product. All comparable resources would receive the same returns when factor markets are in equilibrium, regardless of their use. While a textbook equilibrium is not likely to be observed in the U.S. labor market, it can be presumed that human migration is an equilibrating phenomenon.

2015 Spillover Report

Policy Papers ◽  
2015 ◽  
Vol 2015 (43) ◽  
Author(s):  
Keyword(s):  
Monetary Policy ◽  
Aggregate Demand ◽  
Output Growth ◽  
Structural Reforms ◽  
Demand And Supply ◽  
Potential Output ◽  
Advanced Economies ◽  
Potential Output Growth ◽  
Output Gaps ◽  
The Impact

Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroeconomic, financial and structural policies that will boost both aggregate demand and aggregate supply, while closing the shortfall between demand and supply. Each element of this package is important and one cannot substitute for the other: easy monetary policy will not raise potential output just as structural reforms will not close the output gap. This report studies the impact on emerging markets and nonsystemic advanced economies from monetary policy actions in systemic advanced economies, with a look also at knock-on effects from the decline in world oil prices.

The estimation of aggregate demand and supply curves for labour in the UK

1981 ◽  
Vol 13 (3) ◽  
pp. 389-398 ◽  
Author(s):  
P. E. T. Lewis ◽  
G. H. Makepeace
Keyword(s):  
Aggregate Demand ◽  
Demand And Supply ◽  
The Uk

scholarly journals Economic Reforms, External Liberalization and Macroeconomic Performance in Vietnam

2019 ◽  
Author(s):  
Huong Le
Keyword(s):  
Economic Growth ◽  
Labor Productivity ◽  
Service Sector ◽  
Aggregate Demand ◽  
Government Expenditure ◽  
Private Investment ◽  
Doi Moi ◽  
Sectoral Productivity ◽  
External Sector ◽  
The Impact

This paper examines the macro-economic performance of Vietnam through the six phases of Doi Moi reform and analyzes the impact of external liberalization on economic growth, aggregate demand, employment and income distribution. The decomposition of aggregate demand suggests that private investment was the most important determinant of Vietnamese economic growth during the period of 1994 – 2011, while government expenditure has become more significant since 2005, and the external sector together with government expenditure are the important driving factors of Vietnamese economic growth since 2012. The decomposition of overall labor productivity highlighted the fact that sectoral productivity growth of the service sector plays an important role in the improvement of overall labor productivity in Vietnam.

scholarly journals Global City in a Global Pandemic: Assessing the Ongoing Impact of COVID Induced Trends on London’s Economic Sectors

2020 ◽  
Author(s):  
Dylan Anderson ◽  
Rachel Hesketh ◽  
Mark Kleinman ◽  
Jonathan Portes
Keyword(s):  
Producer Services ◽  
Economic Sectors ◽  
Economic Implications ◽  
Demand And Supply ◽  
Industrial Sectors ◽  
Global Pandemic ◽  
The Uk ◽  
The Impact ◽  
The City

Over the last 50 years, London has successfully adapted to technological change and globalization, making it the major driver of the UK economy. But its strengths have also made the city particularly vulnerable to the health impacts of COVID-19, and potentially also to wider negative economic implications of the crisis. Many of London’s key sectors rely on proximity, agglomeration economies and externalities. We evaluate the available data on the impact of the pandemic on London to date, with a particular focus on the differential effects between sectors. We also identify seven key trends, affecting both the demand and supply side of the economy, that are likely to have significant medium- to long-term economic impacts, and assess the potential impacts on London’s major industrial sectors. Our findings suggest that COVID-19 may further accentuate the existing divide between globally competitive advanced producer services and more locally focused sectors providing lower-value personal and household services, posing a number of significant policy challenges.

scholarly journals The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability

2021 ◽  
Vol 25 (1) ◽  
pp. 48
Author(s):  
Nazaruddin Malik ◽  
Muhammad Sri Wahyudi Suliswanto ◽  
Mochamad Rofik
Keyword(s):  
Labor Market ◽  
Granger Causality ◽  
Unemployment Rate ◽  
Aggregate Demand ◽  
Causality Test ◽  
Demand And Supply ◽  
Causality Tests ◽  
The Government ◽  
Labor System ◽  
The Impact

This study analyzes the impact of the shocks caused by the COVID-19 pandemic on the labor market. The research is vital for expanding the literature about maintaining the unemployment rate amid crisis, ultimately reducing unnecessary social costs. The quantitative approach in this study uses a Granger causality test to understand the effect of the shock caused by the COVID-19 pandemic on unemployment. Meanwhile, the qualitative approach in this study uses literature related to economic growth, crisis management, and unemployment. Granger causality tests show that economic slowdown hurts the unemployment rate. Based on discussion and synthesis from works of literature, this paper recommends some of the policies to maintain growth and prevent a more severe collapse in the labor market; the government needs to sustain aggregate demand and supply. Also, ensure the supply chain runs well amid various restrictions. Besides, this paper also proposes that the government maximizes alternative budget resources. Meanwhile, strengthening the labor system and developing health and food security industries must be a priority policy amid-post the pandemic.

The Film World’s Cooperative Store: Institutions and Films of the 1930s and 1940s

2018 ◽  
Author(s):  
C. Claire Thomson
Keyword(s):  
World War Ii ◽  
Meat Products ◽  
Public Information ◽  
Early History ◽  
World War ◽  
International Context ◽  
German Occupation ◽  
History Of ◽  
The Uk ◽  
The Impact

This chapter traces the early history of state-sponsored informational filmmaking in Denmark, emphasising its organisation as a ‘cooperative’ of organisations and government agencies. After an account of the establishment and early development of the agency Dansk Kulturfilm in the 1930s, the chapter considers two of its earliest productions, both process films documenting the manufacture of bricks and meat products. The broader context of documentary in Denmark is fleshed out with an account of the production and reception of Poul Henningsen’s seminal film Danmark (1935), and the international context is accounted for with an overview of the development of state-supported filmmaking in the UK, Italy and Germany. Developments in the funding and output of Dansk Kulturfilm up to World War II are outlined, followed by an account of the impact of the German Occupation of Denmark on domestic informational film. The establishment of the Danish Government Film Committee or Ministeriernes Filmudvalg kick-started aprofessionalisation of state-sponsored filmmaking, and two wartime public information films are briefly analysed as examples of its early output. The chapter concludes with an account of the relations between the Danish Resistance and an emerging generation of documentarists.

Sign in / Sign up

Export Citation Format

Share Document