Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Bus Econ Theory Keynesians. Show all posts
Showing posts with label Bus Econ Theory Keynesians. Show all posts

Tuesday, October 25, 2011

Center for Economic and Policy Research: The NYT Can't Find Anyone to Say Anything Good About Argentina

The NYT Can't Find Anyone to Say Anything Good About Argentina

Sunday, 23 October 2011 22:47

That is sort of striking since its President Cristina Kirchner seems headed for re-election with a clear majority of the votes. Argentina has also enjoyed the strongest growth over the last decade of any country in Latin America. Nonetheless all 5 of the NYT's sources in an article discussing the election were critical of Kirchner...


Center for Economic and Policy Research: The NYT Can't Find Anyone to Say Anything Good About Argentina


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El New York Times no encuentra a nadie para decir algo bueno de Argentina

Domingo, 23 de octubre 2011 22:47

Que es una especie de sorprendente ya que su presidenta Cristina Kirchner parece ir a la reelección por una clara mayoría de los votos. Argentina también ha disfrutado de un mayor crecimiento durante la última década de todos los países de América Latina. Sin embargo, todos los 5 de las fuentes del New York Times en un artículo sobre las elecciones fueron críticos de Kirchner ...

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Saturday, August 14, 2010

The Everyday Economist: Keynesians, Monetarists, and Unemployment

The Everyday Economist

Keynesians, Monetarists, and Unemployment

The old debate between Keynesians and Monetarists is often considered to have been about the monetary transmission mechanism or the Phillips curve. However, an important element of the debate was in regards to unemployment and its effect on real output.

The typical Keynesian story about unemployment is that an increase in unemployment reduces income, which reduces consumption, and reduces aggregate output. Individuals base decisions on current income receipts. Unemployment benefits thus serve to compensate the job loser from the fall in income.

The monetarist view of unemployment, however, is framed within the context of Milton Friedman’s (1957) permanent income hypothesis. According to the PIH, permanent income is known, but there is uncertainty surrounding current receipts. A job loser whose behavior is characterized by the PIH will increase measured unemployment, but whether or not the job loss impacts real output depends on whether the change of circumstance results in a permanent downward revision of anticipated income. An increase in unemployment that is expected to only cause a change in receipts will not cause a reduction in consumption or real output... http://everydayecon.wordpress.com/2010/06/02/keynesians-monetarists-and-unemployment/

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