- SAS
... resulted from the recession and the employment contraction that started in mid-1998. In other words, the rise in the country risk premium and the interest rate can be associated with the fragile external accounts or, alternatively, with the evolution of public finances, or with both, as the investme ...
... resulted from the recession and the employment contraction that started in mid-1998. In other words, the rise in the country risk premium and the interest rate can be associated with the fragile external accounts or, alternatively, with the evolution of public finances, or with both, as the investme ...
Practice Problems Ch. 12 Aggregate Expenditure
... 8. If aggregate expenditure is greater than GDP, how will the economy reach macroeconomic equilibrium? A) Inventories will decline, and GDP and employment will decline. B) Inventories will rise, and GDP and employment will decline. C) Inventories will decline, and GDP and employment will rise. D) In ...
... 8. If aggregate expenditure is greater than GDP, how will the economy reach macroeconomic equilibrium? A) Inventories will decline, and GDP and employment will decline. B) Inventories will rise, and GDP and employment will decline. C) Inventories will decline, and GDP and employment will rise. D) In ...
When the fall of economic activity finally bottomed out in the second
... The stock market has recovered from its lows, and employment has increased moderately. On the other hand, significant economic weakness remains evident, particularly in the balance sheet of households, the labor market, and the housing sector. Congress was an active participant in the policy respons ...
... The stock market has recovered from its lows, and employment has increased moderately. On the other hand, significant economic weakness remains evident, particularly in the balance sheet of households, the labor market, and the housing sector. Congress was an active participant in the policy respons ...
1AC – NIB Aff
... A striking fact of the past four years is that the world's 10,000 or so economists have overwhelmingly failed to predict the three major economic developments of this period, 2007-2011. First, only a handful predicted the financial crash of 2007-08 and subsequent deep global contraction that I have ...
... A striking fact of the past four years is that the world's 10,000 or so economists have overwhelmingly failed to predict the three major economic developments of this period, 2007-2011. First, only a handful predicted the financial crash of 2007-08 and subsequent deep global contraction that I have ...
Notes on the Stability Program for 2016 - 2020
... terms of trade, continue to sustain a surplus of the current and capital account. Projections for 2017-2020 point to a gradual acceleration of GDP growth up to 2.1% in 2020, especially supported by a recovery of net external demand, which is expected to present a positive contribution from 2018 onwa ...
... terms of trade, continue to sustain a surplus of the current and capital account. Projections for 2017-2020 point to a gradual acceleration of GDP growth up to 2.1% in 2020, especially supported by a recovery of net external demand, which is expected to present a positive contribution from 2018 onwa ...
President’s Report Board Directors
... personal consumption expenditures, private inventory investment, exports, residential fixed investment, nonresidential fixed investment, and state and local government spending. Those effects were partly offset by a negative contribution from federal government spending. Imports, which are a subtrac ...
... personal consumption expenditures, private inventory investment, exports, residential fixed investment, nonresidential fixed investment, and state and local government spending. Those effects were partly offset by a negative contribution from federal government spending. Imports, which are a subtrac ...
This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER Macroeconomics Annual 2012, Volume 27
... spending the next year that persists and then roughly doubles in years six through nine before declining back to zero. This pattern of spending is associated with an increase in GDP in the first year that goes away in the second, and then higher GDP for several years beginning when the level of spen ...
... spending the next year that persists and then roughly doubles in years six through nine before declining back to zero. This pattern of spending is associated with an increase in GDP in the first year that goes away in the second, and then higher GDP for several years beginning when the level of spen ...
I. WHAT IS SGP
... • even if deficit/GDP > 3%, if “the ratio has declined substantially and continuously and…comes close” “or the excess… is only exceptional and temporary and the ratio remains close” • even if debt/GDP > 60%, if “the ratio is sufficiently diminishing and approaching the reference value at a satis ...
... • even if deficit/GDP > 3%, if “the ratio has declined substantially and continuously and…comes close” “or the excess… is only exceptional and temporary and the ratio remains close” • even if debt/GDP > 60%, if “the ratio is sufficiently diminishing and approaching the reference value at a satis ...
Using Fiscal Policy to Fight Recession
... fail to increase along with aggregate supply, or aggregate demand may even shift left, for a number of possible reasons: households become hesitant about consuming; rms decide against investing as much; or perhaps the demand from other countries for exports diminishes. For example, investment by pr ...
... fail to increase along with aggregate supply, or aggregate demand may even shift left, for a number of possible reasons: households become hesitant about consuming; rms decide against investing as much; or perhaps the demand from other countries for exports diminishes. For example, investment by pr ...
the impact of global crisis on romania`s economic development
... Republic, Poland) facing a sharp depreciation of their currencies and the decline of investors appetite, which resulted in an increase in external financial imbalances. Among the emerging European countries, the Baltic countries seem to have been most affected, in October 2008 and April 2009, the in ...
... Republic, Poland) facing a sharp depreciation of their currencies and the decline of investors appetite, which resulted in an increase in external financial imbalances. Among the emerging European countries, the Baltic countries seem to have been most affected, in October 2008 and April 2009, the in ...
Kondratiev type cyclicality of the Romanian economy, grounded in
... modern economy, internal associations between cycles are not optimized as they are for the large developed economies (in the U.S. economy an election cycle overlaps a Kitchin cycle, and the Juglar cycle was reduced to 4 ½ years, out of which the downward trends account for less than one and a half y ...
... modern economy, internal associations between cycles are not optimized as they are for the large developed economies (in the U.S. economy an election cycle overlaps a Kitchin cycle, and the Juglar cycle was reduced to 4 ½ years, out of which the downward trends account for less than one and a half y ...
Real GDP - Cloudfront.net
... the Great Depression because the Government didn’t understand how to fix a economy with 25% unemployment. • Macro was created to: 1. Measure the health of the whole economy. 2. Guide government policies to fix problems. ...
... the Great Depression because the Government didn’t understand how to fix a economy with 25% unemployment. • Macro was created to: 1. Measure the health of the whole economy. 2. Guide government policies to fix problems. ...
what have we learnt
... The contrast with the current experience is stark indeed. While sluggish growth has seen the unemployment rate rise, the rise thus far has been only about 2 percentage points. The Government’s recent Mid Year Economic and Fiscal Outlook forecasts a peak unemployment rate of 6¾ per cent in the June ...
... The contrast with the current experience is stark indeed. While sluggish growth has seen the unemployment rate rise, the rise thus far has been only about 2 percentage points. The Government’s recent Mid Year Economic and Fiscal Outlook forecasts a peak unemployment rate of 6¾ per cent in the June ...
Failing on Two Fronts: The U.S. Labor Market Since 2000
... fronts: steeply rising inequality combined with a poor employment performance. This paper argues that a key driver of both of these developments is conscious economic policy, with a particularly important and under-appreciated role for macroeconomic policy. The paper first demonstrates the remarkabl ...
... fronts: steeply rising inequality combined with a poor employment performance. This paper argues that a key driver of both of these developments is conscious economic policy, with a particularly important and under-appreciated role for macroeconomic policy. The paper first demonstrates the remarkabl ...
PPT
... Collateral: a valuable asset that is pledged to a lender to secure a loan. If the borrower defaults, ownership of the collateral transfers to the lender. Collateral shock: a reduction in the value of collateral. Collateral shocks make borrowing and lending more difficult. ...
... Collateral: a valuable asset that is pledged to a lender to secure a loan. If the borrower defaults, ownership of the collateral transfers to the lender. Collateral shock: a reduction in the value of collateral. Collateral shocks make borrowing and lending more difficult. ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
... •reduces the purchasing power of monetary wealth •reduces real money balances and raises interest rates •higher interest rates appreciate currency and further reduce net exports •A rise in the price level reduces AE and reduces Y ...
... •reduces the purchasing power of monetary wealth •reduces real money balances and raises interest rates •higher interest rates appreciate currency and further reduce net exports •A rise in the price level reduces AE and reduces Y ...
Kirsten Costello 1
... family’s home, the first hotel was a 73-room property in New York City, which was astronomically larger than consumers were accustomed to, (Withiam, 2000, p. 2) and is considered small by today’s standards. Throughout life, at one point or another, most have stayed at a bed and breakfast, timeshare, ...
... family’s home, the first hotel was a 73-room property in New York City, which was astronomically larger than consumers were accustomed to, (Withiam, 2000, p. 2) and is considered small by today’s standards. Throughout life, at one point or another, most have stayed at a bed and breakfast, timeshare, ...
Stabilization Policy, Output, and Employment
... Sources: R.E. Lipsey and D. Preston, Source Book of Statistics Relating to Construction (1966); & New York: National Bureau of Economic Research ...
... Sources: R.E. Lipsey and D. Preston, Source Book of Statistics Relating to Construction (1966); & New York: National Bureau of Economic Research ...
goods and services produced by nationals within the
... they themselves were produced. If potato produced and then stored in a cold storage during the previous year is used to produce potato chips in the current year, we shall not consider these potatoes as intermediate goods. How shall we classify capital goods? Capital goods are used to produce other g ...
... they themselves were produced. If potato produced and then stored in a cold storage during the previous year is used to produce potato chips in the current year, we shall not consider these potatoes as intermediate goods. How shall we classify capital goods? Capital goods are used to produce other g ...
ANNIVERSARY - Marietta College
... Moving along, Fitzgerald used the time she spent working with PetSmart, to expand upon this idea. Fitzgerald explained that when she first arrived at PetSmart the company was in pretty bad shape. Stocks had plummeted to an all time low of $2.25 after having been as high as $48.00 just four years bef ...
... Moving along, Fitzgerald used the time she spent working with PetSmart, to expand upon this idea. Fitzgerald explained that when she first arrived at PetSmart the company was in pretty bad shape. Stocks had plummeted to an all time low of $2.25 after having been as high as $48.00 just four years bef ...
Mankiw SM Chap02 correct size:chap02.qxd.qxd
... Real GDP falls because with fewer workers on the job, firms produce less. This accurately reflects a fall in economic well-being. Real GDP falls because the firms that lay off workers produce less. This decreases economic well-being because workers’ incomes fall (the income side), and there are fewe ...
... Real GDP falls because with fewer workers on the job, firms produce less. This accurately reflects a fall in economic well-being. Real GDP falls because the firms that lay off workers produce less. This decreases economic well-being because workers’ incomes fall (the income side), and there are fewe ...
Gross Domestic Product - Central Piedmont Community College
... Does not count intermediate goods Counting the value of intermediate goods constitutes ...
... Does not count intermediate goods Counting the value of intermediate goods constitutes ...
policy designed to change the money supply, credit availability, and
... - transfer deposits from a commercial bank to the Bank of Canada to decrease money supply - transfer deposits to a commercial bank to increase money supply 3. Targeting the overnight rate 4. Moral suasion © 2012 McGraw-Hill Ryerson Limited ...
... - transfer deposits from a commercial bank to the Bank of Canada to decrease money supply - transfer deposits to a commercial bank to increase money supply 3. Targeting the overnight rate 4. Moral suasion © 2012 McGraw-Hill Ryerson Limited ...
