10. Oil Shocks of the 1970s and the Great Depression
... Shocks to the IS curve an exogenous fall in the demand for goods & services – a leftward shift of the IS curve. ...
... Shocks to the IS curve an exogenous fall in the demand for goods & services – a leftward shift of the IS curve. ...
Yoshio Suzuki the
... result, despite six cuts in the ODR by the Bank of Japan since July 1991, the year-on-year growth rate of Japan’s broadly-defined money supply continued to decline and was negative between September 1992 and January 1993. Securities companies are chalking up deficits because of drops in commission i ...
... result, despite six cuts in the ODR by the Bank of Japan since July 1991, the year-on-year growth rate of Japan’s broadly-defined money supply continued to decline and was negative between September 1992 and January 1993. Securities companies are chalking up deficits because of drops in commission i ...
April (PDF:24KB)
... increase in job offers at the turn of a fiscal year. The DI for future economic conditions in April went up 0.3 points from the previous month to 57.8, the first rise in two months. Regarding future economic conditions, the yen’s depreciation and the rise in the stock price went further, resulting i ...
... increase in job offers at the turn of a fiscal year. The DI for future economic conditions in April went up 0.3 points from the previous month to 57.8, the first rise in two months. Regarding future economic conditions, the yen’s depreciation and the rise in the stock price went further, resulting i ...
MSA-L4-Macroanalysis and Microvaluation of the
... experience their peaks and troughs after those of the aggregate economy • Selected series – economic series that are expected to influence aggregate economic activity but do not fall into one of the three main groups. This includes such series as US balance of payments and federal surplus or deficit ...
... experience their peaks and troughs after those of the aggregate economy • Selected series – economic series that are expected to influence aggregate economic activity but do not fall into one of the three main groups. This includes such series as US balance of payments and federal surplus or deficit ...
Chapter 9 - Foothill College
... 2. Abstinence Theory of Interest: To a great extent, it is the interest rate that influences people’s savings. Money they do not spend (savings) becomes part of the supply in the market for loanable funds. The quantity (horizontal axis) is dollars lent out; the price of loanable funds is the interes ...
... 2. Abstinence Theory of Interest: To a great extent, it is the interest rate that influences people’s savings. Money they do not spend (savings) becomes part of the supply in the market for loanable funds. The quantity (horizontal axis) is dollars lent out; the price of loanable funds is the interes ...
Midterm Exam No. 2 - Answers April 1, 2004
... actual price level will reduce the real wage, causing firms to demand more labor and produce more output. Incomplete Information: If producers know their own price but not all other prices in the economy, then they do not know, when they observe an increase in their own price, whether it is an incre ...
... actual price level will reduce the real wage, causing firms to demand more labor and produce more output. Incomplete Information: If producers know their own price but not all other prices in the economy, then they do not know, when they observe an increase in their own price, whether it is an incre ...
Aggregate Supply
... unemployment and excess capacity (unemployed resources) Economy is far below full employment Might be in a recession or depression ...
... unemployment and excess capacity (unemployed resources) Economy is far below full employment Might be in a recession or depression ...
Outlook for Economic Activity and Prices (January 2017, The Bank`s
... improves and medium- to long-term inflation expectations rise. Comparing the current projections with the previous ones, the projected rates of increase in the CPI are more or less unchanged. The timing of the year-on-year rate of change in the CPI reaching around 2 percent will likely be at the end ...
... improves and medium- to long-term inflation expectations rise. Comparing the current projections with the previous ones, the projected rates of increase in the CPI are more or less unchanged. The timing of the year-on-year rate of change in the CPI reaching around 2 percent will likely be at the end ...
Chapter 6: An Introduction to Macroeconomics Learning objectives
... Explain why economists focus on GDP, unemployment, and inflation when assessing the health of an entire economy. Discuss why sustained increases in living standards are historically recent phenomena. Identify why saving and investment are key factors in promoting rising living standards. Des ...
... Explain why economists focus on GDP, unemployment, and inflation when assessing the health of an entire economy. Discuss why sustained increases in living standards are historically recent phenomena. Identify why saving and investment are key factors in promoting rising living standards. Des ...
"Lessons from the Japanese Bubble for the U.S."
... government opted to require banks to lend to small- and medium- ...
... government opted to require banks to lend to small- and medium- ...
Accelerating Deflation and Monetary Policy (MAR/03)
... Since July of 1991, the BOJ has lowered interest rates multiple times, implemented the zero interest rate policy in 1999, and in 2001 went as far as to adopt quantitative easing. Due to this quantitative easing measure, private financial institutions have increased the outstanding balances in curren ...
... Since July of 1991, the BOJ has lowered interest rates multiple times, implemented the zero interest rate policy in 1999, and in 2001 went as far as to adopt quantitative easing. Due to this quantitative easing measure, private financial institutions have increased the outstanding balances in curren ...
Prosperity for Latin America by the Direct Route
... the most successful financial system in the region. Chile’s PIB is approximately US$100 billion, but its total stock market capitalization has fallen as low as US$50 billion because large buyouts have removed companies from the stock exchange, more than offsetting new issues of shares in recent yea ...
... the most successful financial system in the region. Chile’s PIB is approximately US$100 billion, but its total stock market capitalization has fallen as low as US$50 billion because large buyouts have removed companies from the stock exchange, more than offsetting new issues of shares in recent yea ...
Japanese Economy A 2011 Fall
... developers) without proper risk management. • Monetary—as the yen rose sharply after 1985, the Bank of Japan injected liquidity to counter it and ease high-yen caused recession. This led to asset bubbles without igniting inflation. Consequences Excess investment in properties, over-expansion in capa ...
... developers) without proper risk management. • Monetary—as the yen rose sharply after 1985, the Bank of Japan injected liquidity to counter it and ease high-yen caused recession. This led to asset bubbles without igniting inflation. Consequences Excess investment in properties, over-expansion in capa ...
Aggregate Demand and Aggregate Supply
... 7. Which of the following statements is true regarding the LRAS curve? The LRAS curve a. shifts left when the natural rate of unemployment falls. b. is vertical because an equal change in all nominal prices and wages leaves output unaffected. c. is positively sloped because price expectations and wa ...
... 7. Which of the following statements is true regarding the LRAS curve? The LRAS curve a. shifts left when the natural rate of unemployment falls. b. is vertical because an equal change in all nominal prices and wages leaves output unaffected. c. is positively sloped because price expectations and wa ...
A rise in the price of oil imports has resulted in a decrease of short
... 24. What goes down when an economy goes into the recessionary gap in the short-run? a. output. b. unemployment. c. wages. d. both a and c. 25. What happens when there is a shortage in the labor market in the long-run? a. wages rise. b. wages fall. c. wages stay the same. 26. If we are in an inflatio ...
... 24. What goes down when an economy goes into the recessionary gap in the short-run? a. output. b. unemployment. c. wages. d. both a and c. 25. What happens when there is a shortage in the labor market in the long-run? a. wages rise. b. wages fall. c. wages stay the same. 26. If we are in an inflatio ...
EIU proposal - Economist Intelligence Unit
... Some property specialists will forecast property prices based on historic trends and industry specific factors (such as availability of planning permits etc). But a truly insightful long run property forecast requires much more than this - it needs to be rooted in a deep understanding of the broader ...
... Some property specialists will forecast property prices based on historic trends and industry specific factors (such as availability of planning permits etc). But a truly insightful long run property forecast requires much more than this - it needs to be rooted in a deep understanding of the broader ...
ECON 2020 – 200 Spring 2003 Homework #10: Chapter 14
... c. If the economy is allowed to adjust to the increase in the money supply, what happens to the price level and real output in the long run (compared to their original levels)? [2 points] ...
... c. If the economy is allowed to adjust to the increase in the money supply, what happens to the price level and real output in the long run (compared to their original levels)? [2 points] ...
The Macroeconomics of Asset Shortages
... regulation, the cost will be large since frozen assets exacerbate the asset shortage. Nonrecessionary interest rate is much lower… Hope: where will these savings go in the medium run? Not many options at the aggregate level… this is one of the main reasons we are in this environment… ...
... regulation, the cost will be large since frozen assets exacerbate the asset shortage. Nonrecessionary interest rate is much lower… Hope: where will these savings go in the medium run? Not many options at the aggregate level… this is one of the main reasons we are in this environment… ...
Day 1 Groups - Mr
... What did life look like in the Soviet Union? (choices of goods, “Supermarket No. 3”). What did people in the Soviet Union have to wait hours for? When did the US have rationing? What was it like? What is a black market? What is an example? How do people earn the largest returns? Draw a picture/decor ...
... What did life look like in the Soviet Union? (choices of goods, “Supermarket No. 3”). What did people in the Soviet Union have to wait hours for? When did the US have rationing? What was it like? What is a black market? What is an example? How do people earn the largest returns? Draw a picture/decor ...
Economics 342 Heckscher-Ohlin Mr. Easton only
... All of these questions pertain only to the Heckscher-Ohlin model1. In all your answers be careful to explain what you are holding constant. 1. Explain why constant factor prices imply constant factor proportions. 2. Explain why constant commodity prices imply constant factor prices. 3. In the Hecksc ...
... All of these questions pertain only to the Heckscher-Ohlin model1. In all your answers be careful to explain what you are holding constant. 1. Explain why constant factor prices imply constant factor proportions. 2. Explain why constant commodity prices imply constant factor prices. 3. In the Hecksc ...
This PDF is a selection from a published volume from... Research Volume Title: Asset Prices and Monetary Policy
... monetary policy itself. This feedback from monetary policy to asset markets significantly complicates the task of central bankers who must decide how to respond to asset price movements. The chapter by Hans Dewachter and Marco Lyrio asks how the prices of long-term nominal government bonds respond t ...
... monetary policy itself. This feedback from monetary policy to asset markets significantly complicates the task of central bankers who must decide how to respond to asset price movements. The chapter by Hans Dewachter and Marco Lyrio asks how the prices of long-term nominal government bonds respond t ...
Deflation: Good and Bad
... Ask middle-income Americans what they think of declining prices and most will respond with a happy face. Who doesn’t like buying things more cheaply, especially if you are among the majority of households whose real takehome pay hasn’t increased in decades and are struggling with tight budgets to me ...
... Ask middle-income Americans what they think of declining prices and most will respond with a happy face. Who doesn’t like buying things more cheaply, especially if you are among the majority of households whose real takehome pay hasn’t increased in decades and are struggling with tight budgets to me ...
Lecture 2: New Keynesian Model in Continuous Time
... • Simple framework to think about relationship between ...
... • Simple framework to think about relationship between ...
CZSO world price index of raw materials and food 1
... Both import and export prices increased (+0.5% and 0.9%, respectively) and thus accelerated their month-on-month growth in comparison with December. This increase of prices was influenced also by the development of the Czech koruna exchange rate in relation to main foreign currencies. In January, CZ ...
... Both import and export prices increased (+0.5% and 0.9%, respectively) and thus accelerated their month-on-month growth in comparison with December. This increase of prices was influenced also by the development of the Czech koruna exchange rate in relation to main foreign currencies. In January, CZ ...
Slide 1
... by house price changes and the greater may be the impact on the economy – changes in interest rates may impact on (lowincome) households’ ability to repay the debt, even if inflation is low • Therefore, countries may need to stabilise house prices before promoting owner-occupation in order to avoid ...
... by house price changes and the greater may be the impact on the economy – changes in interest rates may impact on (lowincome) households’ ability to repay the debt, even if inflation is low • Therefore, countries may need to stabilise house prices before promoting owner-occupation in order to avoid ...