A Quote by Paul Romer

In macroeconomic theory, there is this argument that what the Fed does has no effect on unemployment, no effect on investment, no effect on the rate of GDP growth.

Paul Romer

Quote Topics

Argument Does Economic Theory Effect Fed Gdp Growth Investment Rate Theory Unemployment

Quote Author

Paul Romer
American - Economist
Born: November 6, 1955

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.

Paul Krugman

We are definitely living in the butterfly effect theory, where any change that is made in the past is going to have a very logical cause-and-effect ramification of the present.

Eric Kripke

Love is a positive effect. Love can never have a negative effect, only a positive effect. That would be the revelation of love. If you have a question of whether this is love, think about the effect.

Ziggy Marley

Before the effect one believes in different causes than one does after the effect.

Friedrich Nietzsche

The imagination loses vitality as it ceases to adhere to what is real. When it adheres to the unreal and intensifies what is unreal, while its first effect may be extraordinary, that effect is the maximum effect that it will ever have.

Wallace Stevens

It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost.

Paul Krugman

If we denote excitation as an end-effect by the sign plus (+), and inhibition as end-effect by the sign minus (-), such a reflex as the scratch-reflex can be termed a reflex of double-sign, for it develops excitatory end-effect and then inhibitory end-effect even during the duration of the exciting stimulus.

Charles Scott Sherrington

As the cause is, so the effect will be Cause is never different from effect, the effect is but the cause reproduced in another form.

Swami Vivekananda

Yes, I do believe that there is a cause and effect and a ripple effect upon everything everybody does, and they have positive consequences and negative consequences. If you start to focus on the kind of minutia of that, it's really quite extraordinary.

Kiefer Sutherland

Today's market action is driven by the slower GDP growth rate. Despite oil being higher, I think the GDP kind of overruled everything and just makes the market feel better about what the Fed is going to do, or rather not do.

L'Wren Scott

Unemployment doles can have no other effect than the perpetuation of unemployment.

Ludwig von Mises

If we define a miracle as an effect of which the cause is unknown to us, then we make our ignorance the source of miracles! And the universe itself would be a standing miracle. A miracle might be perhaps defined more exactly as an effect which is not the consequence or effect of any known laws of nature.

Charles Babbage

Putting aside for the moment the question of whether human industrial CO2 emissions are having an effect on climate, it is quite clear that they are raising atmospheric CO2 levels. As a result, they are having a strong and markedly positive effect on plant growth worldwide. There is no doubt about this.