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Productivity and Structural Change (Nassif)
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Productivity and structural change: Brazil's trajectory from catching-up to falling-behind by André Nassif at Workshop 'Rethinking Development in a World in Transition (8/2018). "While a country keeps a strate of 'immaturity' in its productive structure, development must continue to be driven by structural change, in which resources (especially labor) are shifted from agriculture to the manufacturing sector."
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More Amazon Effects (Cavallho)
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More Amazon effects: online competition and pricing behaviors by Alberto Cavallo (8/2018). "...In particular, I show that in the past 10 years online competition has raised both the frequency of price changes and the degree of uniform pricing across locations. These changes make retail prices more sensitive to aggregate 'nationwide' shocks, increasing the pass-through of both gas prices and nominal."
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A 'New Modesty'? (Gayer & Marc)
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A 'New Modesty'? level shifts in survey data and the decreasing trend of 'normal' growth by Christian Gayer and Bertrand Marc published by European Commission (7/2018). "...Using rolling regressions and time-varying parameter models for the euro area, the paper shows that the growth rates typically implied by given survey results did not only fall during the Great recession, but already decreased rather systematically for close to 20 years before the crisis, i.e. since around 1990..."
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Macroeconomic Effects (Carrière-Swallow et al.)
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The macroeconomic effects of fiscal consolidation in emerging economies: evidence from Latin America by Yan Carrière-Swallow, Antonio C. David, and Daniel Leigh published by IMF (6/2018). "...Based on this narrative dataset, our estimates suggest that fiscal consolidation has contractionary effects on GDP, consistent with a multiplier of 0.9. We find these effects to be close to those in OECD countries based on a similarly constructed dataset..."
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Effective Teaching of Economics (Hultberg & Calonge)
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Effective teaching of economics: A constrained optimization problem? by Patrick T. Hultberg and David Santandreu Calonge published by The Journal of Economic Education (2017). "One of the fundamental tenets of economics is that decisions are often the result of optimization problems subject to resource constraints. Consumers optimize utility, subject to constraints imposed by prices and income..."
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