• Study Resource
  • Explore
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
More details
More details

... speculation. Such tools as securities, future transaction, options transaction becomes strong tools in hands of investors to rare commodities. And its results are oil price reached its highest point ever recorded, gold and other farm products and raw material also surprisingly increased. According t ...
Monetary Policy and European Unemployment
Monetary Policy and European Unemployment

... concerned with price stability and fears that expansionary periods create price pressure, but which puts only marginal attention to unused capacity. If, in addition, investment depends on expected growth as many studies evidenced (Carpenter et al. 1994, Solow 2007, 2008), an asymmetric monetary poli ...
NBER WORKING PAPER SERIES A MODEL OF SECULAR STAGNATION Gauti B. Eggertsson
NBER WORKING PAPER SERIES A MODEL OF SECULAR STAGNATION Gauti B. Eggertsson

... deleveraging - rather than facilitating the transition to a new steady state with a positive interest rate - will instead reduce the real rate even further by increasing the supply of savings in the future. The point here is not to predict that the natural rate of interest will necessarily remain ne ...
will there be deflation and current account surpluses?
will there be deflation and current account surpluses?

... meaning that any attempt to raise employment by resorting to monetary policy will eventually end in inflation; (vi) contrariwise, low inflation levels are not associated with high unemployment rates; (vii) thus, inflation is always a monetary phenomenon and the long-term monetary policy objective mu ...
Chapter: Practice Exam for Macro Indicators  Instruction:
Chapter: Practice Exam for Macro Indicators Instruction:

... C) Suppliers who increase their profit margins by raising prices faster than their costs increase D) Increased government spending in the absence of increased taxes E) Labor unions, which can force wage increases that are not justified by increases in productivity Ans: D Difficulty: Medium FQ: 5 Sec ...
NBER WORKING PAPER SERIES THE ECONOMY OF ISRAEL Stanley Fischer
NBER WORKING PAPER SERIES THE ECONOMY OF ISRAEL Stanley Fischer

... liabilities corresponding to most of the non—equity financial assets owned by the private sector. Thu reserve requirement for the banks against foreign currency linked deposits is 90%; and the indexation provided by private institutions is based on their holdings of government indexed liabilities. T ...
IOSR Journal of Business and Management (IOSR-JBM)
IOSR Journal of Business and Management (IOSR-JBM)

... check on private expenditure which is dependent upon government demand for goods and services in order to curb inflation. Also, personal consumption expenditure should be cut by raising the rates of direct taxes, in order to reduce the disposable income, but it does not adversely affect savings, inv ...
Introduction - Geist Science
Introduction - Geist Science

... Government expenditure and inflation in Pakistan. Aurangzeb (2012) investigated the determinants of inflation in Pakistan. Time series data set was used for the period from 1981 to 2010. By applying multiple regression analysis, the researchers identified significance of different factors. Findings ...
Money Markets PPT - Leon County Schools
Money Markets PPT - Leon County Schools

...  A Change in the Quantity of Money Starting from a long-run equilibrium, suppose that the Fed increases the quantity of money by 10 percent. In the short run, the greater quantity of money lowers the nominal interest rate. With the lower interest rate, people and firms spend more. But with real GDP ...
Aggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate Supply

The Two Triangles: what did Wicksell and Keynes know about
The Two Triangles: what did Wicksell and Keynes know about

... If anyone is to blame for the awkwardness of the title of this paper, it should be Olivier Blanchard. Looking back on the 20th Century, Blanchard (2000) raised the question: “What do we know about macroeconomics that Wicksell and Fisher did not?” His answer was: “… a lot”, stressing that much progre ...
NBER WORKING PAPER SERIES INFLATION: THEORY AND EVIDENCE Bennett 1. McCallum
NBER WORKING PAPER SERIES INFLATION: THEORY AND EVIDENCE Bennett 1. McCallum

... finite—lived or infinite—lived agents, such models suggest that steady—state inflation rates will conform fairly closely to money stock growth rates, that superneutrality is not strictly implied but departures should be minor, and that socially optimal inflation rates correspond to the Chicago Rule. ...
Mankiw 6e PowerPoints
Mankiw 6e PowerPoints

Equilibrium output
Equilibrium output

Public Commentary on Unemployment
Public Commentary on Unemployment

... steady, near its historic-high rate for the last couple of years. Moving on top of U.3, the broader U.6 unemployment rate—the government’s broadest unemployment measure—includes only the short-term discouraged workers (those marginally attached to the labor force). Separately, the U.6 measure also i ...
Chapter 14
Chapter 14

Chapter 25 - Aggregate Demand and Aggregate Supply
Chapter 25 - Aggregate Demand and Aggregate Supply

Chapter 12
Chapter 12

... Why The Aggregate Supply Curve Might Shift • An Increase in The Expected Price Level Reduces The Quantity of Goods and Services Supplied and Shifts The Short-Run Aggregate Supply Curve To The Left. • A Decrease in The Expected Price Level Raises The Quantity of Goods and Services Supplied and Shift ...
Introduction to Macroeconomics
Introduction to Macroeconomics

The Two Triangles: What Did Wicksell and Keynes Know about
The Two Triangles: What Did Wicksell and Keynes Know about

7. Medium-Term Projections
7. Medium-Term Projections

... aggravate macro financial risks, should they persist for a while. The recent policies pursued by the CBRT aim to prevent the build-up of risks arising from long-lasting capital inflows. In this respect, in order to prevent rapid credit growth and appreciation pressures, short-term interest rates are ...
IOSR Journal of Economics and Finance (IOSR-JEF)
IOSR Journal of Economics and Finance (IOSR-JEF)

... force. The rising aggregate demand may result positive relationship between inflation and economic growth in the short run but the growth will not be sustainable in the long run. According to Mundell (1965) and Tobin (1965), there is a positive relationship between inflation and capital accumulation ...
Macroeconomic Measurements, Part I: Prices and Unemployment
Macroeconomic Measurements, Part I: Prices and Unemployment

... Smithies will do at work? This section shows how to compute the CPI: define the market basket of goods, collect prices in the base year and current year, and carry out some simple arithmetic operations. Does it matter whether prices rise or fall? As you will find out in later chapters, it does. For ...
The Yield Curve in a Small Open Economy February 2010
The Yield Curve in a Small Open Economy February 2010

... by Greenspan [2005] when referring to the behaviour of bond markets as a conundrum. In his February 2005 testimony to Congress Greenspan stated that: “For the moment, the broadly unanticipated behavior of world bond markets remains a conundrum. Bond price movements may be a short-term aberration, b ...
Sense and Nonsense About Deflation
Sense and Nonsense About Deflation

... greater their sophistication at understanding the current policy regime in place, the closer the economy comes to a world where the trade-off no longer effectively exists. By contrast, if expectations are more adaptive in nature then, again depending on their construction, the tradeoff will be partl ...
< 1 ... 26 27 28 29 30 31 32 33 34 ... 164 >

Phillips curve



In economics, the Phillips curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result in an economy. Stated simply, decreased unemployment, (i.e., increased levels of employment) in an economy will correlate with higher rates of inflation.While there is a short run tradeoff between unemployment and inflation, it has not been observed in the long run. In 1968, Milton Friedman asserted that the Phillips Curve was only applicable in the short-run and that in the long-run, inflationary policies will not decrease unemployment. Friedman then correctly predicted that, in the upcoming years after 1968, both inflation and unemployment would increase. The long-run Phillips Curve is now seen as a vertical line at the natural rate of unemployment, where the rate of inflation has no effect on unemployment. Accordingly, the Phillips curve is now seen as too simplistic, with the unemployment rate supplanted by more accurate predictors of inflation based on velocity of money supply measures such as the MZM (""money zero maturity"") velocity, which is affected by unemployment in the short but not the long term.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report