18 While the aggregate welfare effect of the representative agent economy ranges between 3.3 and 6%%, the overall welfare effect is stronger in the heterogeneous agents' economy, ranging between 4.6 and 8%%.
Representative running economy values for different caliber of runners running at various speeds are presented.
In all of the figures, the black line corresponds to the median agent, which should roughly correspond to the results of the representative agent economy discussed in Section 5.
Although there have been calls for some time for the current international financial institutions (IFIs) to be more representative of emerging economies, it took this financial crisis to underscore the extent to which the global economic structure has changed.
The conference gathered representatives of 21 economies bordering the Pacific Ocean.
Even though it is only 30 stocks, the Dow is much more representative of the economy.
Mark Kemmer, the senior Washington representative for fuel economy at General Motors, said that after the draft report leaked, G.M. contacted some panel members as well as the National Academy of Sciences staff.
Calls from anti-poverty campaign groups to involved developing nations – often the biggest losers from sophisticated tax engineering by multinationals – on an equal footing with representatives from larger economies.
"The array of new regulations and taxes on consumers, investors and businesses will destroy jobs and further undermine the fragile economy," Representative Spencer Bachus of Alabama, the senior Republican on the Financial Services Committee, said.
"These rising gas prices provide a great opportunity to highlight Washington's failed energy policies that are threatening our fragile economy," Representative Diane Black of Tennessee, a vice chairwoman of the National Republican Congressional Committee, wrote in a memo to Republican House members and candidates as they left Washington last week.
"The failure of this Congress to even produce a budget, let alone get spending under control, is doing direct harm to our economy," Representative Dave Camp of Michigan, the top Republican on the House Ways and Means Committee, said Tuesday, arguing that the $13 trillion national debt was choking off growth.
