Interest rates and financial integration - a long perspective on China
... rates set by the central bank or from the inter-bank market. Bank refers to loans from a modern bank. Trad_m_b refers to loans made by traditional financial institutions like money shops or Shanxi bankers. Pawn refers to capital from pawnshops. Commoner refers to personal loans between individual ci ...
... rates set by the central bank or from the inter-bank market. Bank refers to loans from a modern bank. Trad_m_b refers to loans made by traditional financial institutions like money shops or Shanxi bankers. Pawn refers to capital from pawnshops. Commoner refers to personal loans between individual ci ...
The exchange rate and the monetary transmission mechanism in
... Identified Vector Autoregressions (VARs) are a useful tool to empirically examine the MTM because they allow to separate the endogenous reaction of the monetary authorities to developments in the economy from exogenous monetary impulses. The estimated effects of such policy shocks can then be used t ...
... Identified Vector Autoregressions (VARs) are a useful tool to empirically examine the MTM because they allow to separate the endogenous reaction of the monetary authorities to developments in the economy from exogenous monetary impulses. The estimated effects of such policy shocks can then be used t ...
Exercise 6 (+additional question) in Mankiw:
... total factor productivity between the years? Problem 8.3: Assume an economy which is characterized by perfect competition in the goods and labor market, in which the owners of capital get one-third of national income, and the workers receive two-thirds. Assume a Cobb-Douglas aggregate production fun ...
... total factor productivity between the years? Problem 8.3: Assume an economy which is characterized by perfect competition in the goods and labor market, in which the owners of capital get one-third of national income, and the workers receive two-thirds. Assume a Cobb-Douglas aggregate production fun ...
Presidents and the Economy: A Forensic Investigation
... Partisan differences extend well beyond the standard indicators of real growth and employment. For example, Panel D of Table 2 shows that stock market returns for firms in the S&P 500 are 5.4 percentage points higher when a Democrat occupies the White House than when a Republican does.7 But given th ...
... Partisan differences extend well beyond the standard indicators of real growth and employment. For example, Panel D of Table 2 shows that stock market returns for firms in the S&P 500 are 5.4 percentage points higher when a Democrat occupies the White House than when a Republican does.7 But given th ...
"Presidents and the Economy"
... Partisan differences extend well beyond the standard indicators of real growth and employment. For example, Panel D of Table 2 shows that stock market returns for firms in the S&P 500 are 5.4 percentage points higher when a Democrat occupies the White House than when a Republican does.7 But given th ...
... Partisan differences extend well beyond the standard indicators of real growth and employment. For example, Panel D of Table 2 shows that stock market returns for firms in the S&P 500 are 5.4 percentage points higher when a Democrat occupies the White House than when a Republican does.7 But given th ...
Fall 2015 Calgary and Region Economic Outlook 2015-2020
... shifts in the population distribution among different age groups over the 2015-2020 period. The largest population increases would occur in the 35-39 age group (24,000) and the 45-49 age group (19,800). These cohorts correspond with those groups that have high migration rates. While small changes wo ...
... shifts in the population distribution among different age groups over the 2015-2020 period. The largest population increases would occur in the 35-39 age group (24,000) and the 45-49 age group (19,800). These cohorts correspond with those groups that have high migration rates. While small changes wo ...
Unemployed
... only result in higher prices and no reduction in unemployment. Suppose China’s economy is operating at an unemployment level of 6.1% with an inflation rate of 3.5%. This inflation rate is both the actual rate of inflation and what people expect the inflation rate to be. ...
... only result in higher prices and no reduction in unemployment. Suppose China’s economy is operating at an unemployment level of 6.1% with an inflation rate of 3.5%. This inflation rate is both the actual rate of inflation and what people expect the inflation rate to be. ...
The 1920s and the 1990s in Mutual Reflection
... The story on productivity is similar for the aligned decades, as shown in Figure 2, in that productivity growth in 1919-29 was identical to 1990-2000. However, the two halves of the decade appear to have the reverse timing of a slowdown in the 1920s vs. an acceleration in the 1990s. Productivity gro ...
... The story on productivity is similar for the aligned decades, as shown in Figure 2, in that productivity growth in 1919-29 was identical to 1990-2000. However, the two halves of the decade appear to have the reverse timing of a slowdown in the 1920s vs. an acceleration in the 1990s. Productivity gro ...
Some Monetary Facts - Federal Reserve Bank of Minneapolis
... countries and cover a shorter time period than does our study. For example, using a pooled time series-cross-sectional regression, Vogel (1974, p. 112) finds that "an increase in the rate of growth of the money supply causes a proportionate increase in the rate of inflation within two years." The co ...
... countries and cover a shorter time period than does our study. For example, using a pooled time series-cross-sectional regression, Vogel (1974, p. 112) finds that "an increase in the rate of growth of the money supply causes a proportionate increase in the rate of inflation within two years." The co ...
money market
... Both expansionary fiscal policy and expansionary monetary policy. d. None of the above. No policy mix favors investment over government spending. ...
... Both expansionary fiscal policy and expansionary monetary policy. d. None of the above. No policy mix favors investment over government spending. ...
will flat-lining become normal?
... In 1970 and 1980 employee compensation was around 59 per cent of GDP, but by 1990 this had fallen to 55 per cent. Since 1990 the proportion has been very stable. If a period of elevated returns is relatively brief - for example, if it occurs only for a year or two in the recovery phase from a recess ...
... In 1970 and 1980 employee compensation was around 59 per cent of GDP, but by 1990 this had fallen to 55 per cent. Since 1990 the proportion has been very stable. If a period of elevated returns is relatively brief - for example, if it occurs only for a year or two in the recovery phase from a recess ...
Aggregate Expenditure and Equilibrium Output
... The Size of the Multiplier in the Real World • The size of the multiplier in the U.S. economy is about 1.4. For example, a sustained increase in autonomous spending of $10 billion into the U.S. economy can be expected to raise real GDP over time by ...
... The Size of the Multiplier in the Real World • The size of the multiplier in the U.S. economy is about 1.4. For example, a sustained increase in autonomous spending of $10 billion into the U.S. economy can be expected to raise real GDP over time by ...
Which Foreign Trade Partners Will Best Help to Stabilize the Erie
... goal of their research was to determine if there were any countries that exhibited a business cycle counter-cyclical to that of Erie. They found that there are some countries that meet this criterion. Warner found that most of the countries that exhibit counter-cyclical business cycles are lowincome ...
... goal of their research was to determine if there were any countries that exhibited a business cycle counter-cyclical to that of Erie. They found that there are some countries that meet this criterion. Warner found that most of the countries that exhibit counter-cyclical business cycles are lowincome ...
The Contemporaneous Correlation Between
... aggregate output. For many years it was well accepted that prices were procyclical. Lucas (1977), following Burns and Mitchell (1946), took procyclical prices as one of the facts that models of the business cycle should explain. The popularity of the short-run Phillips curve reflected this widesprea ...
... aggregate output. For many years it was well accepted that prices were procyclical. Lucas (1977), following Burns and Mitchell (1946), took procyclical prices as one of the facts that models of the business cycle should explain. The popularity of the short-run Phillips curve reflected this widesprea ...
Targeting Nominal GDP or Prices: Expectation Dynamics and the Interest Rate
... or avoiding the ZLB constraint.1 The long-standing Japanese experience of persistently very low inflation and occasional deflation took place nearly concurrently with the rise of inflation targeting as the most common, “best practice” monetary policy since the early 1990’s. The ongoing economic cris ...
... or avoiding the ZLB constraint.1 The long-standing Japanese experience of persistently very low inflation and occasional deflation took place nearly concurrently with the rise of inflation targeting as the most common, “best practice” monetary policy since the early 1990’s. The ongoing economic cris ...
Uncertainty Shocks in a Model of Effective Demand No. 12-15
... across studies, we view the IES less than one case as standard and more in line with the evidence. For example, Basu and Kimball (2002) estimate an IES approximately equal to 0.50. ...
... across studies, we view the IES less than one case as standard and more in line with the evidence. For example, Basu and Kimball (2002) estimate an IES approximately equal to 0.50. ...
Solution
... supply shock? Redraw the diagram from part a to illustrate the effect of this shock by shifting the appropriate curve. c. The Housing Price Index, published by the Office of Federal Housing Enterprise Oversight, calculates that U.S. home prices fell by an average of 3.0% in the 12 months between Jan ...
... supply shock? Redraw the diagram from part a to illustrate the effect of this shock by shifting the appropriate curve. c. The Housing Price Index, published by the Office of Federal Housing Enterprise Oversight, calculates that U.S. home prices fell by an average of 3.0% in the 12 months between Jan ...
This Paper - World Review of Business Research
... exchange rate. For this purpose, Rautava (2004) used data from 1995Q1 to 2002Q4. The variables: GDP, revenues, real exchange rates, and international oil prices have been used in Rautava (2004). He found long run relationship between real official exchange rate and economic growth of Russia. Also fo ...
... exchange rate. For this purpose, Rautava (2004) used data from 1995Q1 to 2002Q4. The variables: GDP, revenues, real exchange rates, and international oil prices have been used in Rautava (2004). He found long run relationship between real official exchange rate and economic growth of Russia. Also fo ...