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pagedata = [ ["introduction.htm","Introduction","Introduction A series of multiplier analyses that illustrate the properties of ADAM are presented below. The calculations are made with the model ...",""],
["muleks12chm_content.htm","Multipliers Adam october 2012","Contents | Index | Search Introduction 1. General government purchase of goods 2. General government employment 3. General government investment i...",""],
["muleks12chm_ftsearch.htm","Multipliers Adam october 2012","Contents | Index | Search Enter one or more keywords to search (&#39;*&#39; and &#39;?&#39; wildcards are supported): You must have JavaScript enabled to use this...",""],
["muleks12chm_kwindex.htm","Multipliers Adam october 2012","Contents | Index | Search - A - Accelerator mechanism - B - Balanced budget 18. General government purchase of goods, balanced budget 19. Labor su...",""],
["section_1.htm","1. General government purchase of goods","1. General government purchase of goods and services More government purchase increases the demand for private output. Consequently, private emplo...",""],
["section_10.htm","10. Labor supply - number of workers ","10. Labor supply - number of workers Now, the focus shifts to supply side shocks and a positive shock to labor supply is the first of the supply s...",""],
["section_11.htm","11. An increase in working hours","11. Labor supply - working hours The supply of labor input will also increase if working hours increase. An increase in working hours raises emplo...",""],
["section_12.htm","12. Productivity - labor efficiency","12. Productivity - labor efficiency Increasing the efficiency of labor increases the supply of labor measured in efficiency units. An increase in ...",""],
["section_13.htm","13. Productivity - machinery efficiency","13. Productivity - machinery efficiency We can also increase the output capacity of the economy by increasing the efficiency of machines. An incre...",""],
["section_14.htm","14. Productivity - labor and capital efficiency","14. Productivity - labor and capital efficiency In this supply side shock the efficiency of all factors increases, and the demand for all factors ...",""],
["section_15.htm","15. Interest rates","15. Interest rates Due to the fixed exchange rate policy, the Danish interest rates are largely determined by conditions abroad. They are basicall...",""],
["section_16.htm","16. Private consumption","16. Private consumption All the previous sections have highlighted the role that consumption and wage equations play in ADAM in achieving stabilit...",""],
["section_17.htm","17. Hourly wages","17. Hourly wages Here, we will introduce a shock to the wage equation. Table 17 presents the effect of a one off 1 percent shock to the constant i...",""],
["section_18.htm","18. General government purchase of goods, balanced budget","18. General government purchase of goods and services, balanced budget The experiments above have demonstrated that the public budget could either...",""],
["section_19.htm","19. Labor supply - early retirement scheme, balanced budget","19. Labor supply - early retirement scheme, balanced budget Increasing the labor supply has a positive effect on the public savings balance. The a...",""],
["section_2.htm","2. General government employment","2. General government employment Salaries are a major part of general government expenditures. In this experiment, general government employment i...",""],
["section_3.htm","3. General government investment in buildings","3. General government investment in buildings Government investment in buildings, and capital in general, are often used to boost demand in a weak...",""],
["section_4.htm","4. General government investment in machinery","4. General government investment in machinery Instead of investments in buildings, public investments in machinery can be increased to boost econo...",""],
["section_5.htm","5. Foreign demand","5. Foreign demand The focus now shifts from the public sector to the foreign sector. Foreign trade is an essential part of the Danish economy. Exp...",""],
["section_6.htm","6. Income tax rates","6. Income tax rates Income tax rates can be reduced to stimulate economic activity. The expansionary effects arise through the effect on disposabl...",""],
["section_7.htm","7. Indirect taxes","7. Indirect taxes Instead of direct taxes , governments can reduce indirect taxes to create expansionary effects in the economy. The effect on the...",""],
["section_8.htm","8. Foreign prices","8. Foreign prices The previous sections have focused on various forms of demand shocks, where public expenditures/revenues are changed by a 1000 m...",""],
["section_9.htm","9. Oil prices","9. Oil prices The experiment presents the effect of a permanent 10 percent increase in world market oil prices.The experiment has a lot of similar...",""],
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