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Economists in sentence

2720 examples of Economists in a sentence

Having said this, Keynes’s theory of “underemployment” equilibrium is no longer accepted by most economists and policymakers.
So most economists came to view persistent unemployment as an extraordinary circumstance that arises only when things go terribly wrong, certainly not the normal state of market economies.
Since it is an economic crisis, most people seeking its intellectual roots are tempted to begin with economists, who, with a few exceptions, look particularly discredited.
It is also clear that academic economists had an impact on policy.
Since the 1970s, economists have maintained a near-consensus belief that the Phillips curve has a substantial slope, meaning that prices react strongly to changes in demand.
According to this pseudo-historical retelling, Keynesian economists in the 1960s did not understand the natural rate of unemployment, so they persuaded central bankers and governments to run overly expansionary policies that pushed aggregate demand above levels consistent with full employment.
The clear lesson from this telling is that economists and central bankers must never again be allowed to run overly expansionary policies.
After all, it has been more than 20 years since economists Douglas Staiger, James H. Stock, and Mark W. Watson showed that the natural rate of unemployment is not a stable parameter that can be estimated precisely.
And economists Olivier Blanchard, Eugenio Cerutti, and Lawrence H. Summers have toppled the belief that the Phillips curve has a substantial slope.
Nobel laureate economists examined this new research and identified 19 super-targets that would do the most good for the world for each dollar spent.
The economists recommended that the world’s donors and governments focus first on these investments.
Why Economists Put Health FirstPALO ALTO – In an ideal world, everyone, everywhere, would access the health services they need without having to pay more than they could afford.
That’s why we joined hundreds of fellow economists in almost 50 countries to urge leaders to prioritize investments in universal health coverage.
And the broader impetus behind this Economists’ Declaration, convened by The Rockefeller Foundation and now with more than 300 signatures, has placed global health and development at a historic crossroads.
For economists, however, the answer is clear: The next chapter of development strategy should assign a high priority to better health – and must leave no one behind.
But the government then heeded influential economists’ warnings of the risks of relaxing capital controls too hastily.
Economists call this “hysteresis”: Long-term unemployment erodes workers’ skills and human capital; and, because innovation is embedded in new capital goods, low investment leads to permanently lower productivity growth.
Over the years, Lomborg has hired more than 300 economists, including seven Nobel laureates, to carry out these economic evaluations.
In fact, the costs and benefits of freer trade are highly contested by economists, and these numbers have to be taken with a grain of salt, not as reliable inputs for policymakers.
All applications of CBA are controversial when economists with different explicit or implicit biases study the same topic.
The MIT economists Andrew McAfee and Erik Brynjolfsson, among others, identify the Second Machine Age with the rise of new automation technologies and artificial intelligence.
Most economists dismiss concern that this might lead to long-term structural unemployment.
This is the idea – generally accepted by economists – that technological progress will never lead to significant rates of long-term unemployment.
Unemployment resulting from automation in the Chinese manufacturing sector could ultimately complicate China’s efforts to rebalance its economy toward increased domestic consumption – an objective that most economists agree is critical for the country’s long-term prosperity.
Most economists object that the very assumption that such a point exists is speculative.
The Fed still hopes that liquidity and confidence can be restored quickly, and that the summer of 2007 will serve future economists as an example of how de-linked financial markets can be from the flows of spending and production in the real economy.
Some economists certainly think so.
To the extent that the Fed manages to push this price down (and some economists will dispute its ability to push any meaningful interest rate down), it taxes the producers of savings and subsidizes the spenders of savings.
Economists have sensibly advocated that China raise the interest rates that it pays on bank deposits so that Chinese households earn more and consume more.
Simply put, economists believe either that nothing should be done or that nothing can be done.
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