The Economic Contribution of Singapore Copyright Activities
... with a total value added of S$8,729.9 million, i.e. 5.7% of Singapore’s GDP, was larger than both the chemical & chemical products and hotels & restaurants industries (Chart 1). It was almost as large as the construction industry which accounted for 6% of Singapore’s GDP in 2001 with S$9,280 million ...
... with a total value added of S$8,729.9 million, i.e. 5.7% of Singapore’s GDP, was larger than both the chemical & chemical products and hotels & restaurants industries (Chart 1). It was almost as large as the construction industry which accounted for 6% of Singapore’s GDP in 2001 with S$9,280 million ...
Maradona theory of interest rates
... frictions generate short-run relationships between money, activity and inflation.7 The nature of frictions goes right to the heart of the policy debate over inflation targeting. From time to time shocks will move inflation away from its desired long-run level, and the policy question is how quickly ...
... frictions generate short-run relationships between money, activity and inflation.7 The nature of frictions goes right to the heart of the policy debate over inflation targeting. From time to time shocks will move inflation away from its desired long-run level, and the policy question is how quickly ...
Does Neoclassical Theory Account for the Effects of Big Fiscal
... vector autoregression (VAR) to analyze the impact of post–World War II military spending shocks. They do not focus their analysis on any particular theoretical model, but argue that their VAR results regarding the decrease in private investment in response to military spending shocks are a challenge ...
... vector autoregression (VAR) to analyze the impact of post–World War II military spending shocks. They do not focus their analysis on any particular theoretical model, but argue that their VAR results regarding the decrease in private investment in response to military spending shocks are a challenge ...
management of resource policy: how mongolia passes the test
... Mongolia is quickly changing nowadays. This is also thanks to discoveries of enormous mineral wealth. Copper, coal, iron ore and gold in particular are responsible for an amazing growth performance that Mongolia continues to demonstrate over the last decade. As literature demonstrates, large windfal ...
... Mongolia is quickly changing nowadays. This is also thanks to discoveries of enormous mineral wealth. Copper, coal, iron ore and gold in particular are responsible for an amazing growth performance that Mongolia continues to demonstrate over the last decade. As literature demonstrates, large windfal ...
Solutions
... • Y = C+I+G+N X. Each term on the RHS contributes to aggregate demand. • The Wealth Effect. A decrease in the price level raises the real value of money and makes consumers wealthier, which in turn encourages them to spend more. Decrease in price level means higher quantity demanded. • The Interest ...
... • Y = C+I+G+N X. Each term on the RHS contributes to aggregate demand. • The Wealth Effect. A decrease in the price level raises the real value of money and makes consumers wealthier, which in turn encourages them to spend more. Decrease in price level means higher quantity demanded. • The Interest ...
Targeting Constant Money Growth at the Zero
... policy by targeting the interest rate on overnight, interbank loans: the federal funds rate. When the Fed wished to tighten monetary policy, it raised its target for the federal funds rate; conversely, when it wished to ease, it lowered its funds rate target. After the target was reduced to a range ...
... policy by targeting the interest rate on overnight, interbank loans: the federal funds rate. When the Fed wished to tighten monetary policy, it raised its target for the federal funds rate; conversely, when it wished to ease, it lowered its funds rate target. After the target was reduced to a range ...
COMMERCIAL BANKS
... that latent losses are provided for at the time of such transfer. In 1993 the entire investment portfolio of banks other than investments classified as ‘permanent’ has to be classified into six categories for the purpose of valuation. The valuation will be done for each category of investments. Whil ...
... that latent losses are provided for at the time of such transfer. In 1993 the entire investment portfolio of banks other than investments classified as ‘permanent’ has to be classified into six categories for the purpose of valuation. The valuation will be done for each category of investments. Whil ...
17.1 HOW THE FED CONDUCTS MONETARY POLICY
... An example is Friedman’s k-percent rule. The k-percent rule is a monetary policy rule that makes the quantity of money grow at k percent per year, where k equals the growth rate of potential GDP. Money targeting works when the demand for money is stable and predictable. But technological change in t ...
... An example is Friedman’s k-percent rule. The k-percent rule is a monetary policy rule that makes the quantity of money grow at k percent per year, where k equals the growth rate of potential GDP. Money targeting works when the demand for money is stable and predictable. But technological change in t ...
Monetary Policy C H A P T E R C H E C K L I S T
... A targeting rule is a decision rule for monetary policy that sets the policy instrument at a level that makes the central bank’s forecast of the ultimate policy goals equal to their targets. If the ultimate policy goal is a 2 percent inflation rate and the instrument is the federal funds rate, then ...
... A targeting rule is a decision rule for monetary policy that sets the policy instrument at a level that makes the central bank’s forecast of the ultimate policy goals equal to their targets. If the ultimate policy goal is a 2 percent inflation rate and the instrument is the federal funds rate, then ...
NBER WORKING PAPER SERIES CAN CENTRAL BANK TRANSPARENCY GO TOO FAR?
... optimal monetary policy involves “inflation forecast targeting”, publication of forecasts provides immediate information that helps the public to assess whether the central bank is taking the appropriate steps to meet its objectives. If the public and the markets do not think that the central bank’s ...
... optimal monetary policy involves “inflation forecast targeting”, publication of forecasts provides immediate information that helps the public to assess whether the central bank is taking the appropriate steps to meet its objectives. If the public and the markets do not think that the central bank’s ...
macro - uc-davis economics
... determined by technology and full employment of production factors (i.e., there can be unemployment and capital underutilization) Short-run frictions prevent full factor utilization in the short-run and distort optimal economic outcomes When this happens, what can we do? ...
... determined by technology and full employment of production factors (i.e., there can be unemployment and capital underutilization) Short-run frictions prevent full factor utilization in the short-run and distort optimal economic outcomes When this happens, what can we do? ...
conceptualizing and measuring economic resilience
... indicators of resilience and at the same time they potentially provide additional information to that contained in the fiscal deficit variable. This is because price inflation and unemployment are strongly influenced by other types of economic policy, including monetary and supply-side policies. The ...
... indicators of resilience and at the same time they potentially provide additional information to that contained in the fiscal deficit variable. This is because price inflation and unemployment are strongly influenced by other types of economic policy, including monetary and supply-side policies. The ...
Ch 6 Measuring Total Output and Income
... value of the economy's total output, known as its gross domestic product (GDP). When the team has finished its computations, the results will be placed in a sealed envelope. A government messenger will hand carry the envelope to the Executive Office Building and deliver it to a senior adviser to the ...
... value of the economy's total output, known as its gross domestic product (GDP). When the team has finished its computations, the results will be placed in a sealed envelope. A government messenger will hand carry the envelope to the Executive Office Building and deliver it to a senior adviser to the ...
US stock market crashes and their aftermath
... than that which would be indicated by simply looking at the standard transmission mechanisms of monetary policy. Such strategies might be appropriate if stock market crashes produce additional stress on the economy by creating financial instability. As pointed out in Mishkin (1997), financial instab ...
... than that which would be indicated by simply looking at the standard transmission mechanisms of monetary policy. Such strategies might be appropriate if stock market crashes produce additional stress on the economy by creating financial instability. As pointed out in Mishkin (1997), financial instab ...
econstor - CiteSeerX
... than that which would be indicated by simply looking at the standard transmission mechanisms of monetary policy. Such strategies might be appropriate if stock market crashes produce additional stress on the economy by creating financial instability. As pointed out in Mishkin (1997), financial instab ...
... than that which would be indicated by simply looking at the standard transmission mechanisms of monetary policy. Such strategies might be appropriate if stock market crashes produce additional stress on the economy by creating financial instability. As pointed out in Mishkin (1997), financial instab ...
Advanced Placement Macroeconomics
... students to economic principles in a broader sense applying those concepts to economic systems as a whole. This college level course includes the study of different economic principles including basic economic concepts, measurement of economic performance, national income and price determination, fi ...
... students to economic principles in a broader sense applying those concepts to economic systems as a whole. This college level course includes the study of different economic principles including basic economic concepts, measurement of economic performance, national income and price determination, fi ...
Handout with solution
... growing at 14% per year. How long will it take for Ghana’s GDP to catch up with the United States? ...
... growing at 14% per year. How long will it take for Ghana’s GDP to catch up with the United States? ...
The Social Value of Employment and the Redistributive Imperative for Development
... the social value of employment. The classical Marxist answer to this question is that capitalist processes are fundamentally alienating for labour, although the resultant dialectic of class conflict is precisely what makes capitalism so dynamic, rather than any presumed harmony between social and ec ...
... the social value of employment. The classical Marxist answer to this question is that capitalist processes are fundamentally alienating for labour, although the resultant dialectic of class conflict is precisely what makes capitalism so dynamic, rather than any presumed harmony between social and ec ...
065_Digest_#65_Aprel_1_2016
... cartographers, artists and talented photographers. They had managed not only to ingeniously describe and chase the great city in all its glory, but also to compose the Atlas in an available format from a tourist's point of view. The atlas presents about twenty historic buildings which appeared durin ...
... cartographers, artists and talented photographers. They had managed not only to ingeniously describe and chase the great city in all its glory, but also to compose the Atlas in an available format from a tourist's point of view. The atlas presents about twenty historic buildings which appeared durin ...
Keynesianism and the Scandinavian Models of - unu
... The national policy model is consequently sustained by several "satellite models" through which it is communicated to groups with diverse interests, 4. The national economic policy model is created out of the broad economic-structural, cultural, social and institutional context of each country. Seve ...
... The national policy model is consequently sustained by several "satellite models" through which it is communicated to groups with diverse interests, 4. The national economic policy model is created out of the broad economic-structural, cultural, social and institutional context of each country. Seve ...
NBER WORKING PAPER SERIES SPECULATIVE GROWTH Ricardo J. Caballero Mohamad L. Hammour
... In its economic theme, this paper is part of a long tradition of studies of speculative growth episodes (e.g., Kindleberger 1989). In terms of the recent U.S. experience, this literature is divided between those who see a case of speculative behavior (e.g., Shiller 2000), and those who, based on the ...
... In its economic theme, this paper is part of a long tradition of studies of speculative growth episodes (e.g., Kindleberger 1989). In terms of the recent U.S. experience, this literature is divided between those who see a case of speculative behavior (e.g., Shiller 2000), and those who, based on the ...
REAL AND TERMS INDEXATION RULES FOR AN OPEN ECONOMY
... (proportionally to u) and indirectly (through the resulting unanticipated rise in the domestic price.). With full indexation, the change in output is even larger, since Indexation prevents the rise in the domestic price from dampening the direct effect of the disturbance on output. Thus indexation i ...
... (proportionally to u) and indirectly (through the resulting unanticipated rise in the domestic price.). With full indexation, the change in output is even larger, since Indexation prevents the rise in the domestic price from dampening the direct effect of the disturbance on output. Thus indexation i ...
