1 Principles of Macroeconomics, 9e
... 27) Which of the following statements is NOT consistent with the quantity theory of money? A) The velocity of money can be affected by how frequently workers are paid. B) The velocity of money can be affected by the development of new financial instruments, such as interest-bearing checking accounts ...
... 27) Which of the following statements is NOT consistent with the quantity theory of money? A) The velocity of money can be affected by how frequently workers are paid. B) The velocity of money can be affected by the development of new financial instruments, such as interest-bearing checking accounts ...
The Productive Government Spending Multiplier, In and Out of the
... over a "hard-landing" of the Chinese economy became increasingly put forward by analysts. We can also cite the recent example of Sweden, which included public infrastructure in its new stimulus policy. ...
... over a "hard-landing" of the Chinese economy became increasingly put forward by analysts. We can also cite the recent example of Sweden, which included public infrastructure in its new stimulus policy. ...
Optimal Government Debt Maturity under Limited Commitment
... example, if households are primarily buying long-term bonds ex-ante, then they appropriately anticipate that the government lacking commitment will pursue future policies which increase future short-term interest rates, thereby diluting their claims. In this case, households require a higher ex-ante ...
... example, if households are primarily buying long-term bonds ex-ante, then they appropriately anticipate that the government lacking commitment will pursue future policies which increase future short-term interest rates, thereby diluting their claims. In this case, households require a higher ex-ante ...
Principles of Macroeconomics - Test Item File 1 Ninth Edition by
... B) an increase in the value of an asset over the purchase price initially paid for it. C) the difference between the interest rate a bank pays on deposits and the interest rate it charges for loans. D) the portion of a corporationʹs profits that the firm pays out each period to its shareholders. ...
... B) an increase in the value of an asset over the purchase price initially paid for it. C) the difference between the interest rate a bank pays on deposits and the interest rate it charges for loans. D) the portion of a corporationʹs profits that the firm pays out each period to its shareholders. ...
NBER WORKING PAPER SERIES IS THE U.S. CURRENT ACCOUNT DEFICIT
... even logical and desirable -- for the U.S. to run (very) large current account deficits for a very long period of time (say, a quarter of a century). According to this view, growing international portfolio diversification implies that the “rest of the world” will be willing to accumulate large U.S. ...
... even logical and desirable -- for the U.S. to run (very) large current account deficits for a very long period of time (say, a quarter of a century). According to this view, growing international portfolio diversification implies that the “rest of the world” will be willing to accumulate large U.S. ...
The Québec Government`s Debt - Ministère des Finances du Québec
... Each year, Québec files an information document (form 18-K) with the SEC that contains all the information required under the Securities Act of 1933. The annual filing of form 18-K avoids having to file a prospectus for each borrowing, which would entail additional time and costs. The information in ...
... Each year, Québec files an information document (form 18-K) with the SEC that contains all the information required under the Securities Act of 1933. The annual filing of form 18-K avoids having to file a prospectus for each borrowing, which would entail additional time and costs. The information in ...
Fiscal spending multiplier calculations based on Input
... effect of increase in government spending on output in dynamic general equilibrium models with nominal price and/or wage rigidities, also referred to as ”New Keynesian” models. Following that, we will discuss results from empirical studies estimating vector auto regression (VAR) models. In New Keyne ...
... effect of increase in government spending on output in dynamic general equilibrium models with nominal price and/or wage rigidities, also referred to as ”New Keynesian” models. Following that, we will discuss results from empirical studies estimating vector auto regression (VAR) models. In New Keyne ...
Bank Ratings and Lending Supply: Evidence from Sovereign
... imposed by rating agencies and not to bank fundamentals, as there is no such asymmetry for banks just below the sovereign bound. Bank downgrades can, in turn, impact the supply of lending through their effect on a bank’s access to funding, in particular to wholesale funding and public bond markets. ...
... imposed by rating agencies and not to bank fundamentals, as there is no such asymmetry for banks just below the sovereign bound. Bank downgrades can, in turn, impact the supply of lending through their effect on a bank’s access to funding, in particular to wholesale funding and public bond markets. ...
Chapter 4 D : M
... specified period. The revenue deficit of the Union Government which exhibited a declining trend during the first three years of the X Plan (2002-07) has increased by 39.39 per cent during 2005-06 over the previous year. In relation to GDP, revenue deficit increased from the level of 2.53 per cent in ...
... specified period. The revenue deficit of the Union Government which exhibited a declining trend during the first three years of the X Plan (2002-07) has increased by 39.39 per cent during 2005-06 over the previous year. In relation to GDP, revenue deficit increased from the level of 2.53 per cent in ...
AP ECON – Final Exam Review
... c. demand decreases and supply increases ____ 61. Which of the following is certainly true if demand and supply increase at the same time? a. the equilibrium price will increase d. the equilibrium quantity will decrease b. the equilibrium price will decrease e. the equilibrium quantity may increase, ...
... c. demand decreases and supply increases ____ 61. Which of the following is certainly true if demand and supply increase at the same time? a. the equilibrium price will increase d. the equilibrium quantity will decrease b. the equilibrium price will decrease e. the equilibrium quantity may increase, ...
macroeconomics
... Consistent with this approach, there are no appendices or ‘afterthought’ chapters. If important material is challenging then it is still included in the main body of the text; it is not relegated elsewhere for a limited audience; the text makes choices on what issues and topics are important in an i ...
... Consistent with this approach, there are no appendices or ‘afterthought’ chapters. If important material is challenging then it is still included in the main body of the text; it is not relegated elsewhere for a limited audience; the text makes choices on what issues and topics are important in an i ...
Macroeconomics
... 15.2 Canada in the world economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . 456 15.3 Comparative advantage: the gains from trade . . . . . . . . . . . . . . . . . . . . 458 ...
... 15.2 Canada in the world economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . 456 15.3 Comparative advantage: the gains from trade . . . . . . . . . . . . . . . . . . . . 458 ...
NBER WORKING PAPER SERIES STABILIZING EXPECTATIONS UNDER MONETARY AND FISCAL POLICY COORDINATION
... ables on endogenous macroeconomic developments, the greater the likelihood of expectationsdriven instability. This gives support to concerns about the ability of policy-makers to …ne tune the macroeconomy expounded in Friedman (1968). However, a policy regime which guarantees stability of expectati ...
... ables on endogenous macroeconomic developments, the greater the likelihood of expectationsdriven instability. This gives support to concerns about the ability of policy-makers to …ne tune the macroeconomy expounded in Friedman (1968). However, a policy regime which guarantees stability of expectati ...
chapter - Princeton University
... leads to an equal percent rise in the overall price level; that is, the prices of all goods and services in the economy, including nominal wages and the prices of intermediate goods, rise by the same percentage as the money supply. And when the overall price level rises, the aggregate price level—th ...
... leads to an equal percent rise in the overall price level; that is, the prices of all goods and services in the economy, including nominal wages and the prices of intermediate goods, rise by the same percentage as the money supply. And when the overall price level rises, the aggregate price level—th ...
This PDF is a selection from a published volume from
... government debt as a share of total U.S. domestic (nonfinancial) debt has declined significantly since 1953, and it currently is less than 20% of total debt.10 Figure 5 shows annual federal borrowing relative to total domestic U.S. borrowing. Federal government borrowing currently claims about one-f ...
... government debt as a share of total U.S. domestic (nonfinancial) debt has declined significantly since 1953, and it currently is less than 20% of total debt.10 Figure 5 shows annual federal borrowing relative to total domestic U.S. borrowing. Federal government borrowing currently claims about one-f ...
A Primer on Inflation
... Foreword by the Governor Early textbooks in economics did seldom use the word “inflation” in its technical sense as has been used since the early decades of the last century. They spoke of inflation of money supply or the quantity of credit created in the economy. The inflation of money supply or c ...
... Foreword by the Governor Early textbooks in economics did seldom use the word “inflation” in its technical sense as has been used since the early decades of the last century. They spoke of inflation of money supply or the quantity of credit created in the economy. The inflation of money supply or c ...
Contents Isi
... In monetarist theory, deflation must be associated with either a reduction in the money supply, a reduction in the velocity of money or an increase in the number of transactions. Dalam teori moneter, deflasi harus dikaitkan dengan baik pengurangan jumlah uang beredar, pengurangan dalam perputaran ua ...
... In monetarist theory, deflation must be associated with either a reduction in the money supply, a reduction in the velocity of money or an increase in the number of transactions. Dalam teori moneter, deflasi harus dikaitkan dengan baik pengurangan jumlah uang beredar, pengurangan dalam perputaran ua ...
Inflation, Disinflation, and Deflation
... Modern economies use fiat money—pieces of paper that have no intrinsic value but are accepted as a medium of exchange. In the United States and most other wealthy countries, the decision about how many pieces of paper to issue is placed in the hands of a central bank that is somewhat independent of ...
... Modern economies use fiat money—pieces of paper that have no intrinsic value but are accepted as a medium of exchange. In the United States and most other wealthy countries, the decision about how many pieces of paper to issue is placed in the hands of a central bank that is somewhat independent of ...
Full Text ( Final Version , 188kb )
... Theorem the effects of these two financing options on the consuming behavior of the individuals and hence aggregate demand are the same. According to Barro (1989) these two financing options are equivalent. For this reason the Ricardian theorem is called Ricardian Equivalence theorem. Specifically, ...
... Theorem the effects of these two financing options on the consuming behavior of the individuals and hence aggregate demand are the same. According to Barro (1989) these two financing options are equivalent. For this reason the Ricardian theorem is called Ricardian Equivalence theorem. Specifically, ...
The Interest Rate Effect on Private Saving: Alternative Perspectives
... economy with an aging population, as people might want to target their saving to be better prepared for retirement. Such a tendency can also be strong in an economy in which sufficient social protections such as social securities and unemployment benefits are not available. Generally, people may wan ...
... economy with an aging population, as people might want to target their saving to be better prepared for retirement. Such a tendency can also be strong in an economy in which sufficient social protections such as social securities and unemployment benefits are not available. Generally, people may wan ...
NBER WORKING PAPER SERIES MACROECONOMIC POLICIES IN THE OECD Warwick McKibbin
... policies rather than by a set of short—run expectations. Third, the model is amenable to policy optimization exercises, and in particular can be used to study the effects of policy coordination versus non—coordination in the OECD, on global macroeconomic equilibrium. ...
... policies rather than by a set of short—run expectations. Third, the model is amenable to policy optimization exercises, and in particular can be used to study the effects of policy coordination versus non—coordination in the OECD, on global macroeconomic equilibrium. ...
Week 17 - Lancaster University
... go bankrupt – then they would not be able to pay off their debts in one year. So, if there is some chance that the final payment of €1060 will not be made, then financial investors will not be willing to pay €1000 for the bond, because they know they can earn 6% without risk by holding the debt of t ...
... go bankrupt – then they would not be able to pay off their debts in one year. So, if there is some chance that the final payment of €1060 will not be made, then financial investors will not be willing to pay €1000 for the bond, because they know they can earn 6% without risk by holding the debt of t ...
Public Debt
... As depicted in the table above, almost all public debt indicators improved in 2013-14 as compared with 201213 except for weighted average cost of debt. The weighted average cost of debt increased owing to implicit borrowing strategy of the government to reduce the refinancing / rollover risk by leng ...
... As depicted in the table above, almost all public debt indicators improved in 2013-14 as compared with 201213 except for weighted average cost of debt. The weighted average cost of debt increased owing to implicit borrowing strategy of the government to reduce the refinancing / rollover risk by leng ...
Financial Intermediaries, Leverage Ratios and Business
... worth shocks, the fluctuations in net worth induce movements in investment. Higher leverage strengthens the net worth smoothing motive for bankers since they might be forced to fire-sell their assets in the future. Incomplete markets due to borrowing constraints of banks create this net worth smooth ...
... worth shocks, the fluctuations in net worth induce movements in investment. Higher leverage strengthens the net worth smoothing motive for bankers since they might be forced to fire-sell their assets in the future. Incomplete markets due to borrowing constraints of banks create this net worth smooth ...