Principles of Macroeconomics Econ 202
... government programs use the CPI to adjust for changes in the overall level of prices. – The CPI overstates inflation by about 1 percentage point per year. ...
... government programs use the CPI to adjust for changes in the overall level of prices. – The CPI overstates inflation by about 1 percentage point per year. ...
Extended abstract - Conference
... Calendar adjustment is carried out over the monthly frequency, whereas seasonal adjustment over quarterly data. Index of production in construction base 2010=100. Seasonal and calendar adjustment follows the same strategy as the industrial production index. Index of trade and transport margins. ...
... Calendar adjustment is carried out over the monthly frequency, whereas seasonal adjustment over quarterly data. Index of production in construction base 2010=100. Seasonal and calendar adjustment follows the same strategy as the industrial production index. Index of trade and transport margins. ...
President’s Report Board Directors
... Data since your last Directors' meeting show the economy grew in the fourth quarter at its slowest pace in three years, following strong growth in the third quarter. The increase in real GDP in the fourth quarter was due primarily to private inventory investment, personal consumption expenditures, e ...
... Data since your last Directors' meeting show the economy grew in the fourth quarter at its slowest pace in three years, following strong growth in the third quarter. The increase in real GDP in the fourth quarter was due primarily to private inventory investment, personal consumption expenditures, e ...
Macro Lect 2-3
... Double or multiple counting. This happens when a unit of expenditure is counted more than once. To eliminate this, only expenditure on final output is counted Lack of adequate statistics on expenditure levels. Many people do not keep accurate data on their expenditure levels, making it difficult ...
... Double or multiple counting. This happens when a unit of expenditure is counted more than once. To eliminate this, only expenditure on final output is counted Lack of adequate statistics on expenditure levels. Many people do not keep accurate data on their expenditure levels, making it difficult ...
Macro Lect 2-1
... Double or multiple counting. This happens when a unit of expenditure is counted more than once. To eliminate this, only expenditure on final output is counted Lack of adequate statistics on expenditure levels. Many people do not keep accurate data on their expenditure levels, making it difficult ...
... Double or multiple counting. This happens when a unit of expenditure is counted more than once. To eliminate this, only expenditure on final output is counted Lack of adequate statistics on expenditure levels. Many people do not keep accurate data on their expenditure levels, making it difficult ...
President’s Report Board Directors
... The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures, exports, federal government spending, equipment and software, nonresidential structures, private inventory investment and state and local government spending that were partly offset ...
... The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures, exports, federal government spending, equipment and software, nonresidential structures, private inventory investment and state and local government spending that were partly offset ...
No Slide Title
... 5) The savings function relates personal saving in any period to disposable personal income in that period. 6) The ratio of the change in personal savings to the change in disposable personal income is the marginal propensity to save. a) Example: MPS = $100/$500 =.2 b) The marginal propensity to sav ...
... 5) The savings function relates personal saving in any period to disposable personal income in that period. 6) The ratio of the change in personal savings to the change in disposable personal income is the marginal propensity to save. a) Example: MPS = $100/$500 =.2 b) The marginal propensity to sav ...
NOTES ON METHODOLOGY Gross domestic product and main
... Decline of the value of capital stock caused by other flows that are not part of GDP (outside production boundaries) are not included into the consumption of fixed capital. Other flows are recorded as other changes in volume of fixed assets (acts of war, natural catastrophes, etc.) and nominal holdi ...
... Decline of the value of capital stock caused by other flows that are not part of GDP (outside production boundaries) are not included into the consumption of fixed capital. Other flows are recorded as other changes in volume of fixed assets (acts of war, natural catastrophes, etc.) and nominal holdi ...
2.6 - United Nations Statistics Division
... constraints of data availability, time, and resources mean that QNA are usually less complete and reliable than annual national ...
... constraints of data availability, time, and resources mean that QNA are usually less complete and reliable than annual national ...
Ch22 Inflation Multiple Choice Questions 1. ______ implies that
... 9. In 1996 the U.S. government began offering indexed bonds. Contrast the use of traditional government bonds with government indexed bonds. Include a brief explanation of the benefits of each form of bond and identify the party that received that benefit. Traditionally, government bonds have paid a ...
... 9. In 1996 the U.S. government began offering indexed bonds. Contrast the use of traditional government bonds with government indexed bonds. Include a brief explanation of the benefits of each form of bond and identify the party that received that benefit. Traditionally, government bonds have paid a ...
President’s Report Board Directors
... Data since your last Directors' meeting show the economy grew in the first quarter at its slowest pace in four years. The housing market continues to be a drag on the economy and inflation remains stubborn, but consistent employment growth has been able to sustain incomes and consumer spending. The ...
... Data since your last Directors' meeting show the economy grew in the first quarter at its slowest pace in four years. The housing market continues to be a drag on the economy and inflation remains stubborn, but consistent employment growth has been able to sustain incomes and consumer spending. The ...
Industry Level & Aggregate Measures of Productivity w
... Take-home Message • Even though sector gross output concept cancels out intra-sector intermediates, dijMij must be included as if it were an input in calculating TFP. • Imported intermediates also need to be included, along with duties. • Tax distortions cause allocation inefficiency, so reduction ...
... Take-home Message • Even though sector gross output concept cancels out intra-sector intermediates, dijMij must be included as if it were an input in calculating TFP. • Imported intermediates also need to be included, along with duties. • Tax distortions cause allocation inefficiency, so reduction ...
File - Economy Unit Portfolio
... The unemployment that arises from normal labor turnover—from people entering and leaving the labor force and from the ongoing creation and destruction of jobs. ...
... The unemployment that arises from normal labor turnover—from people entering and leaving the labor force and from the ongoing creation and destruction of jobs. ...
STOCK MARKET TIMING UPDATE DJIA: 18400.88
... The Conference Board Coincident Economic Index (CEI) increased 0.1% in August as three of the four index components advanced. The positive contributors to the index were employees on non-agricultural payrolls, personal income, and manufacturing and trade sales. The weak component was industrial prod ...
... The Conference Board Coincident Economic Index (CEI) increased 0.1% in August as three of the four index components advanced. The positive contributors to the index were employees on non-agricultural payrolls, personal income, and manufacturing and trade sales. The weak component was industrial prod ...
From Slowdown to Recovery
... aggregate demand. The cost-push inflation goes together with a growth of production costs. In such a case firms tend to shift these effects on consumers, so prices go up. Another type of inflation has its roots in external trade balance. It appears when a domestic currency becomes cheaper with respe ...
... aggregate demand. The cost-push inflation goes together with a growth of production costs. In such a case firms tend to shift these effects on consumers, so prices go up. Another type of inflation has its roots in external trade balance. It appears when a domestic currency becomes cheaper with respe ...
President’s Report Board Directors
... exports of goods and services, and federal government spending that were party offset by negative contributions from residential fixed investment and PCE for durable goods. Imports, which are a subtraction in the calculation of GDP, increased. In April, consumer attitudes continued to worsen, extend ...
... exports of goods and services, and federal government spending that were party offset by negative contributions from residential fixed investment and PCE for durable goods. Imports, which are a subtraction in the calculation of GDP, increased. In April, consumer attitudes continued to worsen, extend ...
NOTES ON METHODOLOGY Gross domestic product and main
... The R&D produced or acquired by the producer, or imported in the Republic of Croatia within the national accounts, is treated as an investment if it meets the basic requirement of the appurtenance of a product or service to fixed capital assets. According to the national accounts, the precondition ...
... The R&D produced or acquired by the producer, or imported in the Republic of Croatia within the national accounts, is treated as an investment if it meets the basic requirement of the appurtenance of a product or service to fixed capital assets. According to the national accounts, the precondition ...
Uniqueness, Stability and Gross Substitutes Arrow-Debreu Economy
... We need to show that z(p) = 0 has at most one (normalized) solution. By contradiction: p and p 0 are not linearly dependent and z(p) = z(p 0 ) = 0. By homogeneity of degree zero, normalize the price vectors so that pl pl0 for all l = 1; ::; L and pk = pk0 for some k.a Move from p 0 to p in n 1 steps ...
... We need to show that z(p) = 0 has at most one (normalized) solution. By contradiction: p and p 0 are not linearly dependent and z(p) = z(p 0 ) = 0. By homogeneity of degree zero, normalize the price vectors so that pl pl0 for all l = 1; ::; L and pk = pk0 for some k.a Move from p 0 to p in n 1 steps ...
Session 2.1. Elements of Price Analysis CPI, Real, & Nominal Prices
... • Prices need to be adjusted for inflation to enable ...
... • Prices need to be adjusted for inflation to enable ...
ch07lecture
... Distortion of private agreements Many private agreements, such as wage contracts, are linked to the CPI. If the CPI is biased, these agreements might deliver an outcome different from that intended by the parties. ...
... Distortion of private agreements Many private agreements, such as wage contracts, are linked to the CPI. If the CPI is biased, these agreements might deliver an outcome different from that intended by the parties. ...
Overview of Weights
... gross value added (GVA) weights. GVA weights are annual weights which are used to aggregate the 112 industries up to section, sector and whole economy level. They are calculated based on the contribution each of the 112 industries has on the overall economy using GVA totals produced in the Supply an ...
... gross value added (GVA) weights. GVA weights are annual weights which are used to aggregate the 112 industries up to section, sector and whole economy level. They are calculated based on the contribution each of the 112 industries has on the overall economy using GVA totals produced in the Supply an ...
Session 11. GDP statistics by activity
... When comparing any monetary value to the GDP, GDP at current market prices should be used as the denominator (on the bottom). Each industry contributes to the GDP. Put another way, each industry has a share of the GDP. The share and the contribution are the same, and can be expressed as a percentage ...
... When comparing any monetary value to the GDP, GDP at current market prices should be used as the denominator (on the bottom). Each industry contributes to the GDP. Put another way, each industry has a share of the GDP. The share and the contribution are the same, and can be expressed as a percentage ...
The Spatial Dixit
... 1. Consumer behavior: Phase I + Phase II: Now FKV introduce a variation of the DS Model: • They make that the range of manufactures on offer becomes an endogenous variable. • Therefore it is important to understand the effects on the consumer of changes in n the number of varieties. ...
... 1. Consumer behavior: Phase I + Phase II: Now FKV introduce a variation of the DS Model: • They make that the range of manufactures on offer becomes an endogenous variable. • Therefore it is important to understand the effects on the consumer of changes in n the number of varieties. ...
Consumer price index
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI is, along with the population census and the USA National Income and Product Accounts, one of the most closely watched national economic statistics.