Macroprudential Policy Transmission and Interaction with Fiscal and
... endogenous default risk; 2) consumer loans are extended based on banks’ ex-ante assessment of borrowers’ capacity to pay the loans with future labor income; 3) housing loans are subject to a loan-to-value constraint and are senior to consumer loans, thus affecting expected available income; and 4) ...
... endogenous default risk; 2) consumer loans are extended based on banks’ ex-ante assessment of borrowers’ capacity to pay the loans with future labor income; 3) housing loans are subject to a loan-to-value constraint and are senior to consumer loans, thus affecting expected available income; and 4) ...
Topic 2.1.3 Employment and unemployment student version
... Must be able to prove they are looking for work (1) Have to register at an unemployment office (1) Ignores people who are eligible but don’t claim Ignores people (often women) who aren’t eligible because their partner works or because of their financial position Can’t claim if resigned from job in t ...
... Must be able to prove they are looking for work (1) Have to register at an unemployment office (1) Ignores people who are eligible but don’t claim Ignores people (often women) who aren’t eligible because their partner works or because of their financial position Can’t claim if resigned from job in t ...
PPT
... China’s growth rate slowed to 8.5 percent for the first quarter of 2006. Last year’s pace of 9.9 percent growth in the gross domestic product was too fast according to Chinese officials. The country intends to rein in growth to a more manageable level by controlling real estate investments through s ...
... China’s growth rate slowed to 8.5 percent for the first quarter of 2006. Last year’s pace of 9.9 percent growth in the gross domestic product was too fast according to Chinese officials. The country intends to rein in growth to a more manageable level by controlling real estate investments through s ...
inertial inflation and the cruzado plan - Bresser
... eclectic approach – both monetarist and structuralist – to analyze inflation, made a contribution to the theory of the propagating effects with his concept of inflationary feedback (1970). The second paradigmatic moment for the theory of inertial inflation took place with the publication of Rangel’s ...
... eclectic approach – both monetarist and structuralist – to analyze inflation, made a contribution to the theory of the propagating effects with his concept of inflationary feedback (1970). The second paradigmatic moment for the theory of inertial inflation took place with the publication of Rangel’s ...
dynamic seigniorage theory - University of California, Berkeley
... the determination of the public debt at center stage, but it is well known that the optimal plans that produce Ramsey tax rules are dynamically inconsistent except ...
... the determination of the public debt at center stage, but it is well known that the optimal plans that produce Ramsey tax rules are dynamically inconsistent except ...
Abenomics: An update - Brookings Institution
... this, we use the Japanese Family Income and Expenditure Survey to investigate how expansionary monetary policy is affecting different types of households. Results are disappointing in that there are no visible effects of monetary policy on the consumption of households expected to benefit most, net ...
... this, we use the Japanese Family Income and Expenditure Survey to investigate how expansionary monetary policy is affecting different types of households. Results are disappointing in that there are no visible effects of monetary policy on the consumption of households expected to benefit most, net ...
Government stability size and macroeconomic
... riskless assets, z is the income tax rate, and G denotes government purchases. In the initial period the policy maker chooses a tax rate 7 as well as the steady-state share of government purchases in output. That share is denoted by sp. Two alternative rules for government ...
... riskless assets, z is the income tax rate, and G denotes government purchases. In the initial period the policy maker chooses a tax rate 7 as well as the steady-state share of government purchases in output. That share is denoted by sp. Two alternative rules for government ...
2) The misery index in 1980 exceeded 25.
... 1. Locate this change in conditions as point B on the production function you drew in part 1b above. 2. (10 points for correct and completely labeled diagram with points A, B, C, and D) Now construct a supply curve as we did in lecture with point A representing the original price – output combinati ...
... 1. Locate this change in conditions as point B on the production function you drew in part 1b above. 2. (10 points for correct and completely labeled diagram with points A, B, C, and D) Now construct a supply curve as we did in lecture with point A representing the original price – output combinati ...
Keynesian Macroeconomics without the LM Curve
... analyzing short-run fluctuations today, it is wrong to criticize it for being too simple. A model must be simple if it is to serve as a comprehensible basic framework. A principle virtue of the IS-LM-AS model is that many students and policymakers with little or no previous exposure to economics can ...
... analyzing short-run fluctuations today, it is wrong to criticize it for being too simple. A model must be simple if it is to serve as a comprehensible basic framework. A principle virtue of the IS-LM-AS model is that many students and policymakers with little or no previous exposure to economics can ...
From Growth Theory to Growth Policy Design
... The only way to enhance growth in this model (however with no chance of making it sustainable in the long run absent technical progress) is to increase the savings rate. This indeed increases the investment rate, and therefore the rate of capital accumulation for given level of final output. For exa ...
... The only way to enhance growth in this model (however with no chance of making it sustainable in the long run absent technical progress) is to increase the savings rate. This indeed increases the investment rate, and therefore the rate of capital accumulation for given level of final output. For exa ...
Chapter 12
... Because the full analysis of the aggregate demand and aggregate supply model can be complicated, we begin with a simplified case, using two assumptions: 1. The economy has not been experiencing any inflation. The price level is currently 100, and workers and firms expect it to remain at 100 in the f ...
... Because the full analysis of the aggregate demand and aggregate supply model can be complicated, we begin with a simplified case, using two assumptions: 1. The economy has not been experiencing any inflation. The price level is currently 100, and workers and firms expect it to remain at 100 in the f ...
The Effects of External Shocks on Business Cycles in Emerging Asia
... The economic performance of most countries in East Asia (henceforth Emerging Asia) has been overwhelming in the wake of the Asian Crisis in 1998. Even in the recent great recession, most of the countries in the region, unlike the industrialized countries, only had to pocket a short period of output ...
... The economic performance of most countries in East Asia (henceforth Emerging Asia) has been overwhelming in the wake of the Asian Crisis in 1998. Even in the recent great recession, most of the countries in the region, unlike the industrialized countries, only had to pocket a short period of output ...
Economic Strategy - ACT Department of Treasury
... year. National unemployment has been trending downward since mid-2015, and annual employment growth is around its long-run average of 1.8 per cent. The strength of the labour market over the past year has been accompanied by an environment of subdued wages growth. Modest wage outcomes are expected t ...
... year. National unemployment has been trending downward since mid-2015, and annual employment growth is around its long-run average of 1.8 per cent. The strength of the labour market over the past year has been accompanied by an environment of subdued wages growth. Modest wage outcomes are expected t ...
Document
... Why is the U.S. economy more stable than it was prior to World war II? If consumers become more confident about the future of the economy, can that confidence lead to faster economic growth? If a government increases spending by $10 billion, could total GDP increases by more than $10 billion? ...
... Why is the U.S. economy more stable than it was prior to World war II? If consumers become more confident about the future of the economy, can that confidence lead to faster economic growth? If a government increases spending by $10 billion, could total GDP increases by more than $10 billion? ...
Mankiw 5/e Chapter 14: Stabilization Policy
... the time between the shock and the policy response takes time to recognize shock takes time to implement policy, especially fiscal policy ...
... the time between the shock and the policy response takes time to recognize shock takes time to implement policy, especially fiscal policy ...
NBER WORKING PAPER SERIES LIQUIDITY TRAPS: AN INTEREST-RATE-BASED EXIT STRATEGY Stephanie Schmitt-Grohé
... rates are not doing much to push expected inflation or aggregate demand higher. The central premise of this paper is that the reversal of sign in the relationship between interest rates and expected inflation also operates in the upward direction. That is, that in a liquidity trap, an increase in no ...
... rates are not doing much to push expected inflation or aggregate demand higher. The central premise of this paper is that the reversal of sign in the relationship between interest rates and expected inflation also operates in the upward direction. That is, that in a liquidity trap, an increase in no ...
NBER WORKING PAPER SERIES Asli Demirguc-Kunt Erik Feyen
... between finance and economic development, we control for many other country characteristics that have been employed in the development literature. In some specifications, we use “standard controls” to evaluate the independent relationship between finance and economic activity. These standard control ...
... between finance and economic development, we control for many other country characteristics that have been employed in the development literature. In some specifications, we use “standard controls” to evaluate the independent relationship between finance and economic activity. These standard control ...
Macroeconomics - IB-Econ
... Spending on capital goods by firms or on homes by households (both considered investments) contributes to the nation’s output and is thus an injection into the circular flow. ...
... Spending on capital goods by firms or on homes by households (both considered investments) contributes to the nation’s output and is thus an injection into the circular flow. ...