The Economics of Money, Banking, and Financial
... advantages and disadvantages to this type of strategy? Answer: The Federal Reserve doesn't use an explicit nominal anchor such as a monetary aggregate or the inflation rate. Its strategy revolves around using an implicit nominal anchor in the form of an overriding concern to control inflation in the ...
... advantages and disadvantages to this type of strategy? Answer: The Federal Reserve doesn't use an explicit nominal anchor such as a monetary aggregate or the inflation rate. Its strategy revolves around using an implicit nominal anchor in the form of an overriding concern to control inflation in the ...
Macroeconomics - University of London International Programmes
... Published by: University of London © University of London 2014 The University of London asserts copyright over all material in this subject guide except where otherwise indicated. All rights reserved. No part of this work may be reproduced in any form, or by any means, without permission in writing ...
... Published by: University of London © University of London 2014 The University of London asserts copyright over all material in this subject guide except where otherwise indicated. All rights reserved. No part of this work may be reproduced in any form, or by any means, without permission in writing ...
SMS211 - National Open University of Nigeria
... Some of the variables used in macroeconomic analysis have already been enumerated, including consumption, investment, unemployment, and the price level. Others are the interest rate, the wage rate, the exchange rate, and the money supply. These variables appear to be selfexplanatory, but closer look ...
... Some of the variables used in macroeconomic analysis have already been enumerated, including consumption, investment, unemployment, and the price level. Others are the interest rate, the wage rate, the exchange rate, and the money supply. These variables appear to be selfexplanatory, but closer look ...
textos para discussão uff/economia
... Kenyon (1979) proposes a sequence of arguments to explain the determination of the mark up by an oligopolistic firm. First, the firm decides about the future investment plans based on the relation between the observed capacity utilization rate and some desired rate – this desired rate being such tha ...
... Kenyon (1979) proposes a sequence of arguments to explain the determination of the mark up by an oligopolistic firm. First, the firm decides about the future investment plans based on the relation between the observed capacity utilization rate and some desired rate – this desired rate being such tha ...
aggregation in production functions
... and the factor- demand price elasticities. Such measures are used for predicting the effects upon the distribution of the national income of changes in technology or factor supplies; (ii) to apportion total growth into the accumulation of factors of production, and technical change between two peri ...
... and the factor- demand price elasticities. Such measures are used for predicting the effects upon the distribution of the national income of changes in technology or factor supplies; (ii) to apportion total growth into the accumulation of factors of production, and technical change between two peri ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... and a mere 13 per cent in exports, compared with the gross (formal) devaluation of 67 per cent. To the extent that a net devaluation did take place, it was apparently motivated not so much, if at all, by any current pressure on the balance of payments, as by anticipations of adverse developments in ...
... and a mere 13 per cent in exports, compared with the gross (formal) devaluation of 67 per cent. To the extent that a net devaluation did take place, it was apparently motivated not so much, if at all, by any current pressure on the balance of payments, as by anticipations of adverse developments in ...
NBER WORKING PAPER SERIES COMPARING TWO VARIANTS OF CALVO-TYPE WAGE STICKINESS
... or the EHL mechanism is not limited to econometric studies estimating the wage Phillips curve in isolation, but extends to studies estimating the deep structural parameters of the model from the complete set of log-linearized equilibrium conditions (such as Altig et al., 2005, Levin et al., 2006, a ...
... or the EHL mechanism is not limited to econometric studies estimating the wage Phillips curve in isolation, but extends to studies estimating the deep structural parameters of the model from the complete set of log-linearized equilibrium conditions (such as Altig et al., 2005, Levin et al., 2006, a ...
Stephen J. Working OF INTEREST RATES
... second half of the decade to under .3. During the middle and latter parts of the 1970's it increased to 1.6 and after becoming negative at the end of the decade, it has averaged around 2.5 during the economic expansion of the 1980's. There is an extensive literature investigating the empirical relat ...
... second half of the decade to under .3. During the middle and latter parts of the 1970's it increased to 1.6 and after becoming negative at the end of the decade, it has averaged around 2.5 during the economic expansion of the 1980's. There is an extensive literature investigating the empirical relat ...
The impact of foreign interest rates on the economy: The role of the
... growth, not the negative one found in this paper. We are able to address this issue by eliminating large home countries that could plausibly affect the base interest rates. There is still a possibility that world shocks influence domestic output growth and the base interest rate contemporaneously. W ...
... growth, not the negative one found in this paper. We are able to address this issue by eliminating large home countries that could plausibly affect the base interest rates. There is still a possibility that world shocks influence domestic output growth and the base interest rate contemporaneously. W ...
Principles of Macroeconomics Self-study quiz and Exercises with
... were independent of the interest rate. Answer: D 22) If planned investment decreases as the interest rate increases, the absolute value of the tax multiplier will be A) the same as the absolute value of the tax multiplier that would result if planned investment were independent of the interest rate. ...
... were independent of the interest rate. Answer: D 22) If planned investment decreases as the interest rate increases, the absolute value of the tax multiplier will be A) the same as the absolute value of the tax multiplier that would result if planned investment were independent of the interest rate. ...
lecture6_2006_hv
... Government surplus increases because GDP increases result in increased tax collections, and government spending is assumed to be constant. Consumption rises as GDP has risen! ...
... Government surplus increases because GDP increases result in increased tax collections, and government spending is assumed to be constant. Consumption rises as GDP has risen! ...
Government expenditure composition and fiscal policy spillovers in
... run. Second, we argue that this gives rise to a potential trade-o for governments. We illustrate this by considering an ex-ante budget neutral reorientation of government expenditure to investment from consumption. Such a measure may provide a stimulus without a reduction in external competitivenes ...
... run. Second, we argue that this gives rise to a potential trade-o for governments. We illustrate this by considering an ex-ante budget neutral reorientation of government expenditure to investment from consumption. Such a measure may provide a stimulus without a reduction in external competitivenes ...
NBER WORKING PAPER SERIES IMPACTS OF ALTERNATIVE EMISSIONS ALLOWANCE ALLOCATION METHODS
... This approach permits a close examination of how profits are affected in various industries under a range of allocation approaches. As discussed below, the impacts differ dramatically depending on the extent to which auctioning or free allocation is employed. When a firm must purchase all of its all ...
... This approach permits a close examination of how profits are affected in various industries under a range of allocation approaches. As discussed below, the impacts differ dramatically depending on the extent to which auctioning or free allocation is employed. When a firm must purchase all of its all ...
Chapter 1: Introduction
... If the money stock is constant, then the fact that demand for money depends on real GDP Y means that the equilibrium nominal interest rate varies whenever real GDP Y varies. At each possible level of total income Y, there is a different curve showing money demand as a function of the nominal interes ...
... If the money stock is constant, then the fact that demand for money depends on real GDP Y means that the equilibrium nominal interest rate varies whenever real GDP Y varies. At each possible level of total income Y, there is a different curve showing money demand as a function of the nominal interes ...
economics-q.b-with answers
... constant. (AR being equal to MR) Under Monopoly – When AR is decreasing, MR should also be decreasing faster than AR. Downward sloping MR curve is below the downward sloping AR curve. Accordingly MR< AR. Q14. Explain the significance of ‘Minus sign’ attached to the measure of price elasticity of Dem ...
... constant. (AR being equal to MR) Under Monopoly – When AR is decreasing, MR should also be decreasing faster than AR. Downward sloping MR curve is below the downward sloping AR curve. Accordingly MR< AR. Q14. Explain the significance of ‘Minus sign’ attached to the measure of price elasticity of Dem ...
Macroeconomics Chamberlin and Yueh
... • The best approach to explaining how UIP works is through a very simple example. • Suppose that initially the domestic and foreign interest rates were equal. In this case, international investors are indifferent between the domestic and foreign assets, and there is no expected change in the exchang ...
... • The best approach to explaining how UIP works is through a very simple example. • Suppose that initially the domestic and foreign interest rates were equal. In this case, international investors are indifferent between the domestic and foreign assets, and there is no expected change in the exchang ...
Chapter 16 - Cengage Learning
... Solow Model with Technology • The economy is in steady state and grows at the rate of technological progress, g. • Capital, output, consumption and population are growing at constant rates as a result, and so the economy is said to be growing along a balanced growth path. • Solving for for the stea ...
... Solow Model with Technology • The economy is in steady state and grows at the rate of technological progress, g. • Capital, output, consumption and population are growing at constant rates as a result, and so the economy is said to be growing along a balanced growth path. • Solving for for the stea ...
Exchange rate valuation and its impact on the real economy
... The relationship between exchange rate movements and the real economy has been a key focus of macroeconomic policy discussions in New Zealand in recent years. There has been considerable debate about the causes of the appreciation of the real exchange rate and the extent to which it reflects either ...
... The relationship between exchange rate movements and the real economy has been a key focus of macroeconomic policy discussions in New Zealand in recent years. There has been considerable debate about the causes of the appreciation of the real exchange rate and the extent to which it reflects either ...
Sample Chapter 2 (PDF, 28 Pages
... understand the concept of measuring domestic output, consider, for example, Toyota and TD Bank. Toyota is a Japanese company that produces cars in Canada. Canadian GDP includes the value of those cars. The TD Bank, which is a Canadian company, has a large presence in the United States. The value of ...
... understand the concept of measuring domestic output, consider, for example, Toyota and TD Bank. Toyota is a Japanese company that produces cars in Canada. Canadian GDP includes the value of those cars. The TD Bank, which is a Canadian company, has a large presence in the United States. The value of ...