lecture notes
... balance its budget annually. a. Others simply suggest that government be “passive” in its fiscal policy and not intentionally create budget deficits of surpluses. b. Monetarists and new classical economists believe that fiscal policy is ineffective. Expansionary policy is bad because it crowds out p ...
... balance its budget annually. a. Others simply suggest that government be “passive” in its fiscal policy and not intentionally create budget deficits of surpluses. b. Monetarists and new classical economists believe that fiscal policy is ineffective. Expansionary policy is bad because it crowds out p ...
Asian Economy: Past, Present, and Future
... Firms in advanced economies proactively engaged in strategic global allocation of production sites in order to ensure the most efficient means of production. In this way, these firms could not only cushion the effects of higher wages and saturated demand for goods in advanced economies, but also rea ...
... Firms in advanced economies proactively engaged in strategic global allocation of production sites in order to ensure the most efficient means of production. In this way, these firms could not only cushion the effects of higher wages and saturated demand for goods in advanced economies, but also rea ...
Euro, Dollar, Yuan Uncertainties - Scenarios on the Future
... Building robust and resilient strategies in the face of these uncertainties requires an appreciation of the different ways in which these adjustment processes may unfold. Traditional modelling techniques are ill suited to account for the dynamics of such complex systems at the intersection of politi ...
... Building robust and resilient strategies in the face of these uncertainties requires an appreciation of the different ways in which these adjustment processes may unfold. Traditional modelling techniques are ill suited to account for the dynamics of such complex systems at the intersection of politi ...
response lag
... If a government is trying to stimulate the economy through tax cuts or spending increases, this, other things being equal, will increase the government deficit. One thus expects deficits in recessions—cyclical deficits, which are temporary and do not impose any long-run problems, especially if modes ...
... If a government is trying to stimulate the economy through tax cuts or spending increases, this, other things being equal, will increase the government deficit. One thus expects deficits in recessions—cyclical deficits, which are temporary and do not impose any long-run problems, especially if modes ...
Chapter 15
... • But suppose after a recession was underway, the Fed tightened, credit was restricted, taxes were raised and government spending was cut, and foreign trade plunged because tariffs were raised. Under those circumstances, the recession might continue indefinitely and intensify into a depression. • Th ...
... • But suppose after a recession was underway, the Fed tightened, credit was restricted, taxes were raised and government spending was cut, and foreign trade plunged because tariffs were raised. Under those circumstances, the recession might continue indefinitely and intensify into a depression. • Th ...
No: 2008 – 35 01 December 2008
... exchange rate. This should be another factor limiting the exchange rate passthrough. 15. In sum, considering the recent data, the Committee has judged that inflation would display a more rapid fall than envisaged before. The Committee members have stated that although some pass-through from exchang ...
... exchange rate. This should be another factor limiting the exchange rate passthrough. 15. In sum, considering the recent data, the Committee has judged that inflation would display a more rapid fall than envisaged before. The Committee members have stated that although some pass-through from exchang ...
zandi - Michael Fitzgerald
... way, and I think they’ll cut rates further in March and May. The Federal Funds rate will go to two percent – it’s now three- -- and that will put the real funds rate after inflation at zero. I think we’ll get a big fiscal stimulus package that’ll boost the economy this summer. Diamond: Let me ask yo ...
... way, and I think they’ll cut rates further in March and May. The Federal Funds rate will go to two percent – it’s now three- -- and that will put the real funds rate after inflation at zero. I think we’ll get a big fiscal stimulus package that’ll boost the economy this summer. Diamond: Let me ask yo ...
theoretically, that is.
... You may have a different sort of problem where you start with the economy at equilibrium, but then there’s a demand or supply shock taking the economy out of equilibrium. Say the economy is at full PL0 and output Y employment...price is ___ isF___. PL ...
... You may have a different sort of problem where you start with the economy at equilibrium, but then there’s a demand or supply shock taking the economy out of equilibrium. Say the economy is at full PL0 and output Y employment...price is ___ isF___. PL ...
Spillovers of Global Shocks Over Caribbean Countries: So Large
... type of “vulnerability” impacts GDP growth, namely, the impact of trading partner, output changes, and commodity price changes on their GDP growth. If the impact of these external macro variables is large (in the sense of explaining the majority of variations in GDP movements), it suggests that Cari ...
... type of “vulnerability” impacts GDP growth, namely, the impact of trading partner, output changes, and commodity price changes on their GDP growth. If the impact of these external macro variables is large (in the sense of explaining the majority of variations in GDP movements), it suggests that Cari ...
ECON 8423-001 International Finance
... interact through international asset markets. These markets permit borrowing and lending between countries and also allow each country to pool the risk it faces (in, e.g., productivity) with other countries in the world. Nations are also linked through trade in commodity markets and factor markets a ...
... interact through international asset markets. These markets permit borrowing and lending between countries and also allow each country to pool the risk it faces (in, e.g., productivity) with other countries in the world. Nations are also linked through trade in commodity markets and factor markets a ...
The Big Issues of 2017
... do they would say. Indeed central banks have been inventive in recent years with ‘Quantitative Easing’ and numerous variants. Essentially QE means printing money. But the economic purists would argue that there are subtle differences. Bonds have been purchased from the private sector in exchange for ...
... do they would say. Indeed central banks have been inventive in recent years with ‘Quantitative Easing’ and numerous variants. Essentially QE means printing money. But the economic purists would argue that there are subtle differences. Bonds have been purchased from the private sector in exchange for ...
The Euro and the World Economy
... relative economic performance in the United States and Europe—due mainly to poorer results in the United States. A rapid fall of the dollar, combined with the precipitous rise of world energy prices that is likely to continue and indeed escalate further, could produce a series of major setbacks to a ...
... relative economic performance in the United States and Europe—due mainly to poorer results in the United States. A rapid fall of the dollar, combined with the precipitous rise of world energy prices that is likely to continue and indeed escalate further, could produce a series of major setbacks to a ...
Global Imbalances and the Financial Crisis
... Between 1989 and 1997, the United States current account deficit fluctuated in a range below two percent of GDP. In 1998, with the Asian financial crisis and its backwash in full swing, the deficit reached 2.4 percent of GDP, climbing to 4.8 percent by 2003. Driven largely by high investment during ...
... Between 1989 and 1997, the United States current account deficit fluctuated in a range below two percent of GDP. In 1998, with the Asian financial crisis and its backwash in full swing, the deficit reached 2.4 percent of GDP, climbing to 4.8 percent by 2003. Driven largely by high investment during ...
James Dorn IN A GLOBAL ECONOMY
... in determining policy outcomes (see Keleher 1993). If foreign exchange traders move against a currency—because they expect policymakers to increase taxes, enact trade restrictions, hamper capital flows, or spend recklessly and finance their spending with money creation—market expectations will rule, ...
... in determining policy outcomes (see Keleher 1993). If foreign exchange traders move against a currency—because they expect policymakers to increase taxes, enact trade restrictions, hamper capital flows, or spend recklessly and finance their spending with money creation—market expectations will rule, ...
Asset Price Volatility and Monetary Policy
... assumption that the economy is subject to a range of different types of shocks and that the central bank is not able to identify these shocks perfectly. To presume otherwise, that the central bank knows exactly when a bubble arises, is not sensible in our view. Although the policy evaluation approac ...
... assumption that the economy is subject to a range of different types of shocks and that the central bank is not able to identify these shocks perfectly. To presume otherwise, that the central bank knows exactly when a bubble arises, is not sensible in our view. Although the policy evaluation approac ...
slow recovery - Stanford University
... early 2008, for example, temporary payments were sent to individuals which increased aggregate personal disposable income, but did little to jump-start aggregate consumption, much as would be expected from the permanent income or life cycle models. Many more discretionary fiscal policy actions were ...
... early 2008, for example, temporary payments were sent to individuals which increased aggregate personal disposable income, but did little to jump-start aggregate consumption, much as would be expected from the permanent income or life cycle models. Many more discretionary fiscal policy actions were ...
Indonesia
... (specifically private corporations) cause increased borrowing of the dollar. Corporations discarded rupiah (because of increase in debt under the rupiah), continuingly undermining the value of the ...
... (specifically private corporations) cause increased borrowing of the dollar. Corporations discarded rupiah (because of increase in debt under the rupiah), continuingly undermining the value of the ...
GRAPHS: https://clearspace
... After acquiring the development rights of land[under Chinese law, when a developer buys land from the government, does he own land outright or does he own just the development rights? if the latter, then we need to explain this higher up in the piece.] from local governments, developers collude with ...
... After acquiring the development rights of land[under Chinese law, when a developer buys land from the government, does he own land outright or does he own just the development rights? if the latter, then we need to explain this higher up in the piece.] from local governments, developers collude with ...
Comments: A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
... challenges of the 21st century, we must also work together to achieve important goals for the American people here at home. This work begins with keeping our economy growing. … And I encourage you all to go shopping more. ...
... challenges of the 21st century, we must also work together to achieve important goals for the American people here at home. This work begins with keeping our economy growing. … And I encourage you all to go shopping more. ...
Dangers of Deflation - Asian Development Bank
... a low-cost producer expands its share of world markets rapidly, driving down some producer or consumer costs, as when the United States (US) economy expanded rapidly between 1870 and 1900, or as the People’s Republic of China (PRC) is doing now. Deflation may arise if consumers reduce their spending ...
... a low-cost producer expands its share of world markets rapidly, driving down some producer or consumer costs, as when the United States (US) economy expanded rapidly between 1870 and 1900, or as the People’s Republic of China (PRC) is doing now. Deflation may arise if consumers reduce their spending ...
Week 14, April 15
... • In economics, we’re looking at the economy in total… not any given individual, company or industry • We know that the economy is dynamic… some companies and industries must pass (typesetters, milkmen) so others can rise (app developers, organic bakers) ...
... • In economics, we’re looking at the economy in total… not any given individual, company or industry • We know that the economy is dynamic… some companies and industries must pass (typesetters, milkmen) so others can rise (app developers, organic bakers) ...
EX. 5. (Oral production) Open-ended questions
... debates that have sprung up over __ past few years. Some dispute __ whole thing. I'll call them __ sceptics. According to __ sceptics, all __ talk about __ globalisation is only that - just talk. Whatever its benefits, its trials and tribulations, __ global economy isn't especially different from th ...
... debates that have sprung up over __ past few years. Some dispute __ whole thing. I'll call them __ sceptics. According to __ sceptics, all __ talk about __ globalisation is only that - just talk. Whatever its benefits, its trials and tribulations, __ global economy isn't especially different from th ...
Outlook for Economic Activity and Prices (January 2017, The Bank`s
... B. Baseline Scenario of the Outlook for Prices The outlook for prices is as follows. The year-on-year rate of change in the CPI is likely to increase from about 0 percent and become slightly positive, reflecting developments in energy prices. Thereafter, it is expected to increase toward 2 percent ...
... B. Baseline Scenario of the Outlook for Prices The outlook for prices is as follows. The year-on-year rate of change in the CPI is likely to increase from about 0 percent and become slightly positive, reflecting developments in energy prices. Thereafter, it is expected to increase toward 2 percent ...
Nouriel Roubini
Nouriel Roubini (born March 29, 1958) is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.The child of Iranian Jews, he was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a practising economist at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early research focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who in 2009 became Treasury Secretary.