Global growth has slowed but country
... • Real GDP expected to slow in FY2013 as government-led postearthquake reconstruction measures run their course. • Bank of Japan sees inflation nearing price stability goal (of around 1%) in 2014 even without further fiscal stimulus. Any response to calls for additional fiscal expansion could push p ...
... • Real GDP expected to slow in FY2013 as government-led postearthquake reconstruction measures run their course. • Bank of Japan sees inflation nearing price stability goal (of around 1%) in 2014 even without further fiscal stimulus. Any response to calls for additional fiscal expansion could push p ...
High-level Regional Policy Dialogue on
... “Finally, the banks were their own worst enemies. The level of their loans and their borrowings to make those loans reached so high a level in relation to their capital, or equity, that any serious disturbance to asset prices ‐‐ a default shock or a shock to liquidity premia ‐‐ could have devast ...
... “Finally, the banks were their own worst enemies. The level of their loans and their borrowings to make those loans reached so high a level in relation to their capital, or equity, that any serious disturbance to asset prices ‐‐ a default shock or a shock to liquidity premia ‐‐ could have devast ...
Economics Department, SJSU - San Jose State University
... Economics is a social science, which covers the actions of individuals and groups of individuals in the processes of producing, exchanging, and consuming goods and services. It is divided into two major branches: macroeconomics (Econ. 1A) and microeconomics (Econ. 1B). Macroeconomics is the study of ...
... Economics is a social science, which covers the actions of individuals and groups of individuals in the processes of producing, exchanging, and consuming goods and services. It is divided into two major branches: macroeconomics (Econ. 1A) and microeconomics (Econ. 1B). Macroeconomics is the study of ...
A Rise In The Price Of Oil Imports Has
... b. Ford Auto Co. buying steel from U.S. Steel. c. Walmart paying its employees their salaries. d. All of the above. 6. Rational expectationist economists believe that people: a. predict the future perfectly. b. do not make systematic mistakes in predicting the future. c. expect the future to be what ...
... b. Ford Auto Co. buying steel from U.S. Steel. c. Walmart paying its employees their salaries. d. All of the above. 6. Rational expectationist economists believe that people: a. predict the future perfectly. b. do not make systematic mistakes in predicting the future. c. expect the future to be what ...
Macroeconomics-B - the South African Institute of Management
... e) The cost of imported capital and intermediate goods. 15. Which of the following is a criterion of a good tax? a) Administrative simplicity. b) That it reduces administrative and compliance costs. c) That it should exclude the poor. d) a and b. e) a and c. 16. Which of the following items are not ...
... e) The cost of imported capital and intermediate goods. 15. Which of the following is a criterion of a good tax? a) Administrative simplicity. b) That it reduces administrative and compliance costs. c) That it should exclude the poor. d) a and b. e) a and c. 16. Which of the following items are not ...
Macroeconomics - University of Oxford
... person who would prefer a flexible wage policy to a flexible money policy, unless he can point to advantages from the former that are not obtainable from the latter’ J.M.Keynes, 1936. Monetary policy can be implemented through either changes in the money supply or interest rate, or through direct co ...
... person who would prefer a flexible wage policy to a flexible money policy, unless he can point to advantages from the former that are not obtainable from the latter’ J.M.Keynes, 1936. Monetary policy can be implemented through either changes in the money supply or interest rate, or through direct co ...
monetary and fiscal policies - Marlboro Central School District
... other monetary items over time; uncertainty about future inflation may discourage investment and saving, and high inflation may lead to shortages of goods if consumers begin hoarding out of concern that prices will increase in the future. Positive effects include a mitigation of economic recessions, ...
... other monetary items over time; uncertainty about future inflation may discourage investment and saving, and high inflation may lead to shortages of goods if consumers begin hoarding out of concern that prices will increase in the future. Positive effects include a mitigation of economic recessions, ...
Economic Explorer 2 - Monetary Authority of Singapore
... Inflation targeting is not without its problems, however. Since inflation is ultimately an economic variable beyond central banks’ direct control, inflation targeting also faces difficulties in implementation, both in the form of unforeseen shocks to the economy, and the long and variable lags in mo ...
... Inflation targeting is not without its problems, however. Since inflation is ultimately an economic variable beyond central banks’ direct control, inflation targeting also faces difficulties in implementation, both in the form of unforeseen shocks to the economy, and the long and variable lags in mo ...
Chapter 23 - Five debates over macroeconomic policy
... • Discretionary monetary policy - two problems – It might lead to more inflation than is desirable • Time inconsistency of policy – Central bankers – know there is no long-run trade-off between inflation and unemployment » Announce goal - zero inflation » Short-run trade-off between inflation and un ...
... • Discretionary monetary policy - two problems – It might lead to more inflation than is desirable • Time inconsistency of policy – Central bankers – know there is no long-run trade-off between inflation and unemployment » Announce goal - zero inflation » Short-run trade-off between inflation and un ...
Economic Activity
... The money used for capital projects comes from three main sources: • The stock market ...
... The money used for capital projects comes from three main sources: • The stock market ...
Presentation to a Salt Lake City Community Leaders Luncheon
... members voted to continue on the path of gradual tightening that began more than a year ago and increased the target federal funds rate by 25 basis points to 3.75 percent. This was a very conscious decision. It reflected a conviction, which I share, that monetary policy’s greatest contribution in a ...
... members voted to continue on the path of gradual tightening that began more than a year ago and increased the target federal funds rate by 25 basis points to 3.75 percent. This was a very conscious decision. It reflected a conviction, which I share, that monetary policy’s greatest contribution in a ...
Speech at Sacramento State University’s
... group with rising delinquencies still represents only a small fraction of the total market, with little impact on the behavior of overall consumption. A forward-looking view of the credit risks associated with subprime mortgages can be obtained from a new financial instrument related to these mortg ...
... group with rising delinquencies still represents only a small fraction of the total market, with little impact on the behavior of overall consumption. A forward-looking view of the credit risks associated with subprime mortgages can be obtained from a new financial instrument related to these mortg ...
macroeconomic principles (econ
... The SRAS curve shift up until equilibrium is restored (point c). The real wage returns to its original level, so does employment and output. Notice the unemployment rate fell below U* as prices increased. This short run trade-off between inflation and unemployment is called the Phillips curve. ...
... The SRAS curve shift up until equilibrium is restored (point c). The real wage returns to its original level, so does employment and output. Notice the unemployment rate fell below U* as prices increased. This short run trade-off between inflation and unemployment is called the Phillips curve. ...
Word Document
... An increase in taxes is negatively related to an increase in output. Investment is the purchase of new physical assets (e.g., new machines or new houses). The tax multiplier is less than the other multipliers. o Keynesians believe increases in government spending are more effective than tax cu ...
... An increase in taxes is negatively related to an increase in output. Investment is the purchase of new physical assets (e.g., new machines or new houses). The tax multiplier is less than the other multipliers. o Keynesians believe increases in government spending are more effective than tax cu ...
view text of speech / press release
... Unlike many other countries, fiscal policy in Singapore does not play an active role in counter-cyclical demand management. It is true that in times of economic slack, we have accelerated some of our infrastructure spending, as we did to some extent with the MRT and other projects during the 1985/86 ...
... Unlike many other countries, fiscal policy in Singapore does not play an active role in counter-cyclical demand management. It is true that in times of economic slack, we have accelerated some of our infrastructure spending, as we did to some extent with the MRT and other projects during the 1985/86 ...
Homework 1
... Multiple Choice (½ point each) 1. Which of the following is NOT included in GDP calculated using the expenditure method? A) government purchases of non-durable goods B) government social welfare payments C) residential investment D) exports of services ________B__________ ...
... Multiple Choice (½ point each) 1. Which of the following is NOT included in GDP calculated using the expenditure method? A) government purchases of non-durable goods B) government social welfare payments C) residential investment D) exports of services ________B__________ ...
Illinois Economic Challenge. Practice Test 2 2001
... Suppose a constitutional amendment is adopted which requires the federal government to balance its budget annually. If the budget is currently balanced and now policymakers wish to increase the equilibrium level of the national product by $30 billion, the federal government: A. Would be unable to br ...
... Suppose a constitutional amendment is adopted which requires the federal government to balance its budget annually. If the budget is currently balanced and now policymakers wish to increase the equilibrium level of the national product by $30 billion, the federal government: A. Would be unable to br ...
Economics Paper- Powlmao and Loapowm
... (A) Buy Government securities and increase liquidity (B) Sell Government securities and increase liquidity (C) Buy Government securities and decrease liquidity (D) Sell Government securities and decrease liquidity ...
... (A) Buy Government securities and increase liquidity (B) Sell Government securities and increase liquidity (C) Buy Government securities and decrease liquidity (D) Sell Government securities and decrease liquidity ...
Suggested Solutions to Assignment 4
... government undertakes expansionary fiscal policy by increasing government spending to raise the aggregate demand, which in turn, will help to increase the output. Because of this expansionary fiscal policy during the recession, the government has to incur a budget deficit. To finance this budget def ...
... government undertakes expansionary fiscal policy by increasing government spending to raise the aggregate demand, which in turn, will help to increase the output. Because of this expansionary fiscal policy during the recession, the government has to incur a budget deficit. To finance this budget def ...
ABOUT THE EXAM Multiple Choice Questions—two thirds of total
... currency and demand deposits held by the public) by the Federal Reserve to assist the economy to achieve a f u l l employment, noninflationary level of GDP. ...
... currency and demand deposits held by the public) by the Federal Reserve to assist the economy to achieve a f u l l employment, noninflationary level of GDP. ...
Monetary policy
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.Further goals of a monetary policy are usually to contribute to economic growth and stability, to lower unemployment, and to maintain predictable exchange rates with other currencies.Monetary economics provides insight into how to craft optimal monetary policy.Monetary policy is referred to as either being expansionary or contractionary, where an expansionary policy increases the total supply of money in the economy more rapidly than usual, and contractionary policy expands the money supply more slowly than usual or even shrinks it. Expansionary policy is traditionally used to try to combat unemployment in a recession by lowering interest rates in the hope that easy credit will entice businesses into expanding. Contractionary policy is intended to slow inflation in order to avoid the resulting distortions and deterioration of asset values.Monetary policy differs from fiscal policy, which refers to taxation, government spending, and associated borrowing.