
Renminbi Undervaluation, China`s Surplus, and the US Trade Deficit
... in the two previous years (so that, for example, the figure shows the index average for 2008–09 in the “2010” position). The lag reflects the time it takes for the exchange rate signal to be interpreted as more than a temporary fluctuation, and the additional time for resulting production decisions ...
... in the two previous years (so that, for example, the figure shows the index average for 2008–09 in the “2010” position). The lag reflects the time it takes for the exchange rate signal to be interpreted as more than a temporary fluctuation, and the additional time for resulting production decisions ...
Macro Sample Exam Questions
... B) what they choose to produce, how much is sold, and the price received when sold C) an agency of the Federal government D) what they choose to consume E) financial institutions such as banks Topic: Integrative Skill: Level 3: Using models Section: Integrative 4) Before the first Gulf War, Kuwait h ...
... B) what they choose to produce, how much is sold, and the price received when sold C) an agency of the Federal government D) what they choose to consume E) financial institutions such as banks Topic: Integrative Skill: Level 3: Using models Section: Integrative 4) Before the first Gulf War, Kuwait h ...
the report - Brookings Institution
... baseline (CBO 2017) and making a series of adjustments. These adjustments are admittedly judgmental. In our view, they provide a better picture of what constitutes current policy than do the CBO current-law projections, which in many instances reflect budget conventions or assumptions that CBO is re ...
... baseline (CBO 2017) and making a series of adjustments. These adjustments are admittedly judgmental. In our view, they provide a better picture of what constitutes current policy than do the CBO current-law projections, which in many instances reflect budget conventions or assumptions that CBO is re ...
Greek Budget Realities: No Easy Option
... could implement to increase its primary balance on a flow basis by 1 percent of GDP, representing roughly one quarter of Greece’s total annual liability. We examine the impact of increases in distortionary taxes and reductions in government expenditures on the macroeconomy in both the short and long ...
... could implement to increase its primary balance on a flow basis by 1 percent of GDP, representing roughly one quarter of Greece’s total annual liability. We examine the impact of increases in distortionary taxes and reductions in government expenditures on the macroeconomy in both the short and long ...
PDF Download
... on the Chinese banking system have been quite limited up to now. Chinese banks have hardly been involved in the US mortgage market and face relatively strict financial controls. Nevertheless, stock market indexes have plummeted by about 50 percent since the beginning of last year. Partly due to the ...
... on the Chinese banking system have been quite limited up to now. Chinese banks have hardly been involved in the US mortgage market and face relatively strict financial controls. Nevertheless, stock market indexes have plummeted by about 50 percent since the beginning of last year. Partly due to the ...
“Subpar” Recovery - Economic Cycle Research Institute
... analysis because of the extraordinary magnitude of the rebound in economic activity following the first recession after World War II (WWII), making it a clear outlier. While the sample size is admittedly small, this is otherwise a statistically significant relationship, with an adjusted R-square of ...
... analysis because of the extraordinary magnitude of the rebound in economic activity following the first recession after World War II (WWII), making it a clear outlier. While the sample size is admittedly small, this is otherwise a statistically significant relationship, with an adjusted R-square of ...
Ch 28
... Inflation-adjusted savings bonds purchased from May through October 2009 will earn 0% for the first six months. The fixed interest rate on these bonds is 0.1% and over the previous 6 months, inflation fell at an annual rate of 5.56%. The minimum interest rate on savings bonds is set at 0%. Source: U ...
... Inflation-adjusted savings bonds purchased from May through October 2009 will earn 0% for the first six months. The fixed interest rate on these bonds is 0.1% and over the previous 6 months, inflation fell at an annual rate of 5.56%. The minimum interest rate on savings bonds is set at 0%. Source: U ...
Latin America and the Caribbean: Are Chills Here to Stay?
... The moderation of growth in the United States has been spilling over to its trading partners, including in North America. For example, disappointing export performance due to weaker investment in the United States has affected Canada’s economic performance in 2016. Sluggish domestic business investm ...
... The moderation of growth in the United States has been spilling over to its trading partners, including in North America. For example, disappointing export performance due to weaker investment in the United States has affected Canada’s economic performance in 2016. Sluggish domestic business investm ...
chp11 - Vassar economics
... population of 371 million persons. Its average gross national product (GNP) per head measured at current exchange rates is a prosperous $20,500 (Table 11.1). Calculations based on the purchasing power of domestic currencies places it as a slightly more modest $18,000 (largely because of the high cos ...
... population of 371 million persons. Its average gross national product (GNP) per head measured at current exchange rates is a prosperous $20,500 (Table 11.1). Calculations based on the purchasing power of domestic currencies places it as a slightly more modest $18,000 (largely because of the high cos ...
Normal Countries: The East 25 Years After Communism
... countries -- the 15 successor states of the Soviet Union, the 14 formerly communist states of eastern Europe, and the former Soviet satellite Mongolia -- shook off Marxist tyrannies a generation ago. Not every change has been for the better. But writing off postcommunist reforms as a failure would b ...
... countries -- the 15 successor states of the Soviet Union, the 14 formerly communist states of eastern Europe, and the former Soviet satellite Mongolia -- shook off Marxist tyrannies a generation ago. Not every change has been for the better. But writing off postcommunist reforms as a failure would b ...
Discussion of Nordhaus on Alchemy and the New Economy
... For bringing the Productivity Growth Trend to the Attention of this Audience one day after the announcement of 8.1 For helping to focus attention on the strengths and weaknesses of Hodrick-Prescott and Kalman And for reminding us that there is a lot of macroeconomics devoted to explaining the change ...
... For bringing the Productivity Growth Trend to the Attention of this Audience one day after the announcement of 8.1 For helping to focus attention on the strengths and weaknesses of Hodrick-Prescott and Kalman And for reminding us that there is a lot of macroeconomics devoted to explaining the change ...
Federal Revenue & Spending Charts
... on average, around 20 percent of GDP. However, the three big entitlement programs -Medicare, Medicaid, and Social Security -- are projected to explode as baby boomers retire. Even if "defense" spending and ...
... on average, around 20 percent of GDP. However, the three big entitlement programs -Medicare, Medicaid, and Social Security -- are projected to explode as baby boomers retire. Even if "defense" spending and ...
Macroeconomic Development Trends in Mongolia Evolution
... Today, the economies of the world are becoming more and more interrelated as they develop, and thus recession in the US economy directly affects other countries. The world economy is therefore currently affected by the financial crisis, but what is this financial crisis? Researchers have concluded t ...
... Today, the economies of the world are becoming more and more interrelated as they develop, and thus recession in the US economy directly affects other countries. The world economy is therefore currently affected by the financial crisis, but what is this financial crisis? Researchers have concluded t ...
Barry P. Bosworth CRR WP 2015-8 Submitted: October 2014
... a floating exchange rate. The shift in policy occurred too late as a widespread banking crisis was well underway. The country suffered an intense recession, and the unemployment rate soared from 2 percent in 1990 to 11 percent in 1994. A similar story applies to Finland, but it was also impacted by ...
... a floating exchange rate. The shift in policy occurred too late as a widespread banking crisis was well underway. The country suffered an intense recession, and the unemployment rate soared from 2 percent in 1990 to 11 percent in 1994. A similar story applies to Finland, but it was also impacted by ...
The US economy to 2014
... 2004. A slowing in the growth of civilian household employment, from 1.2 percent a year during the 1994–2004 period to 1.0 percent annually between 2004 and 2014, is expected to result in an increase of almost 15 million employed persons over the projection horizon, about 1.5 million less than what ...
... 2004. A slowing in the growth of civilian household employment, from 1.2 percent a year during the 1994–2004 period to 1.0 percent annually between 2004 and 2014, is expected to result in an increase of almost 15 million employed persons over the projection horizon, about 1.5 million less than what ...
Charting the projections: 2004-14, Introduction to the projections
... increase in the employment levels of these larger occupations will be much bigger. For example, in 2004 there were about 1,349,000 carpenters and 62,000 physician assistants. Between 2004 and 2014, employment of physician assistants is projected to grow almost 4 times as fast as carpenters: 50 perce ...
... increase in the employment levels of these larger occupations will be much bigger. For example, in 2004 there were about 1,349,000 carpenters and 62,000 physician assistants. Between 2004 and 2014, employment of physician assistants is projected to grow almost 4 times as fast as carpenters: 50 perce ...
Winter 2002 (pdf)
... of 2001, firms liquidated inventories at a faster rate than any time since World War II. Inventory cuts in the fourth quarter of 2001 broke the record cuts made in the year’s previous three quarters. If spending levels remain on the current track and inventory liquidations are almost over with, it w ...
... of 2001, firms liquidated inventories at a faster rate than any time since World War II. Inventory cuts in the fourth quarter of 2001 broke the record cuts made in the year’s previous three quarters. If spending levels remain on the current track and inventory liquidations are almost over with, it w ...
Initiates file download
... real GDP increased by approximately 7 percent per year, but in 2005, the first socio-political crisis hit the country’s economy. In 2007 and 2008 the economy recovered rapidly with GDP growth of 8.5 percent on average. However, the socio-political crises of April and June 2010 hampered the recovery ...
... real GDP increased by approximately 7 percent per year, but in 2005, the first socio-political crisis hit the country’s economy. In 2007 and 2008 the economy recovered rapidly with GDP growth of 8.5 percent on average. However, the socio-political crises of April and June 2010 hampered the recovery ...
major econometric analysis of the Greek economic
... rigidities need to be tackled to raise long-term growth prospects. Southern Europe needs to increase competitiveness in the tradable sector, especially through labor market reforms. . . . These measures will help reduce unemployment and rebuild competitiveness in the periphery. (IMF 2013a, 49) ...
... rigidities need to be tackled to raise long-term growth prospects. Southern Europe needs to increase competitiveness in the tradable sector, especially through labor market reforms. . . . These measures will help reduce unemployment and rebuild competitiveness in the periphery. (IMF 2013a, 49) ...
2. I D E nternational
... In the first quarter of 2015, global economic activity remained weak, and year-end global growth forecasts have contracted since the publication of the previous Inflation Report. The sluggish growth performance of emerging economies was sustained in this period, while economic activity followed a re ...
... In the first quarter of 2015, global economic activity remained weak, and year-end global growth forecasts have contracted since the publication of the previous Inflation Report. The sluggish growth performance of emerging economies was sustained in this period, while economic activity followed a re ...
Introduction to Economic Growth
... 6) Economic growth is defined as the increase in nominal GDP which occurs over a period of time. 7) If the total population is 175 million, the labor force is 100 million, and 89 million workers are employed, then the unemployment rate is 11 percent. 8) Official unemployment statistics overstate une ...
... 6) Economic growth is defined as the increase in nominal GDP which occurs over a period of time. 7) If the total population is 175 million, the labor force is 100 million, and 89 million workers are employed, then the unemployment rate is 11 percent. 8) Official unemployment statistics overstate une ...
How to Calculate Contributions to Percent Change in real GDP (PDF
... (1) For net exports, the sign of the contribution may be reverse to that of the change in values, since the real value of net exports is calculated as the real value of exports minus that of imports. In these cases, the contributions show correct signs. (2) The contributions of domestic demand, priv ...
... (1) For net exports, the sign of the contribution may be reverse to that of the change in values, since the real value of net exports is calculated as the real value of exports minus that of imports. In these cases, the contributions show correct signs. (2) The contributions of domestic demand, priv ...
Date of Announcement Date of the next Announcement
... in employment was 2.8 million people, with approximately 155,000 more people employed each month. Over 15 million people were added to the jobs over the decade. Figure 1 shows the rises in unemployment associated with the recession in 1990 to 1991 and the recession of 2001 with an almost decade long ...
... in employment was 2.8 million people, with approximately 155,000 more people employed each month. Over 15 million people were added to the jobs over the decade. Figure 1 shows the rises in unemployment associated with the recession in 1990 to 1991 and the recession of 2001 with an almost decade long ...
Interactive Tool
... Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.8 percent. This is the advance estimate for the first quarter and will be revised in the preliminary and final estimates over the next 2 months. During 2001, real GDP changed a ...
... Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.8 percent. This is the advance estimate for the first quarter and will be revised in the preliminary and final estimates over the next 2 months. During 2001, real GDP changed a ...
OVERVIEW OF UNION GOVERNMENT FINANCES
... Article 266(3) of the Constitution of India provides that “No moneys out of the CFI or the Consolidated Fund of State shall be appropriated except in accordance with the law and for the purposes and in the manner provided in the Constitution”. This provision read with Articles 112 and 114, culminate ...
... Article 266(3) of the Constitution of India provides that “No moneys out of the CFI or the Consolidated Fund of State shall be appropriated except in accordance with the law and for the purposes and in the manner provided in the Constitution”. This provision read with Articles 112 and 114, culminate ...