Financial Crises, Stabilization, and Deficits
... Many people consider the large fall in housing prices that began at the end of 2006 to have led to the financial crisis of 2008–2009. Many large financial institutions were involved in the mortgage market, most of which were bailed out by the federal government—a $700 billion bailout bill that was p ...
... Many people consider the large fall in housing prices that began at the end of 2006 to have led to the financial crisis of 2008–2009. Many large financial institutions were involved in the mortgage market, most of which were bailed out by the federal government—a $700 billion bailout bill that was p ...
Monetary Policy in Japan Since the Late 1980s
... could have been misled by the delay in their judgment of the economic situation. ...
... could have been misled by the delay in their judgment of the economic situation. ...
MPDD W P
... Figure 1 shows the growth rates over the period 1980-2010. There were fluctuations, but within the 0-10 per cent range except for Sri Lanka and Maldives. India and Bangladesh had the steadiest growth rates, with India overtaking other countries in the new century. For all the countries the late eigh ...
... Figure 1 shows the growth rates over the period 1980-2010. There were fluctuations, but within the 0-10 per cent range except for Sri Lanka and Maldives. India and Bangladesh had the steadiest growth rates, with India overtaking other countries in the new century. For all the countries the late eigh ...
The effect of asset price volatility on fiscal policy outcomes
... volatility has a positive effect on the volatility fiscal policy, though the effect is not significant. The bigger the government size the more volatile government spending is, which implies a more active stabilizing role for fiscal policy. More open economies have ...
... volatility has a positive effect on the volatility fiscal policy, though the effect is not significant. The bigger the government size the more volatile government spending is, which implies a more active stabilizing role for fiscal policy. More open economies have ...
Inflation Report 3/2000
... 2000, primarily as a result of higher prices for refined petroleum products. Excluding petroleum products, prices rose by a little less than 2% in the same period. Internationally, prices for industrial commodities, measured in USD, have risen by a little more than 3% since the June Inflation Report ...
... 2000, primarily as a result of higher prices for refined petroleum products. Excluding petroleum products, prices rose by a little less than 2% in the same period. Internationally, prices for industrial commodities, measured in USD, have risen by a little more than 3% since the June Inflation Report ...
Monetary Policy Statement June 2011 Contents
... Reconstruction in Canterbury is projected to add about 2 percentage points to GDP growth over 2012, and boost the level of activity for several years thereafter. Despite the strong outlook for export earnings, household expenditure is expected to grow only modestly. Household debt remains very high ...
... Reconstruction in Canterbury is projected to add about 2 percentage points to GDP growth over 2012, and boost the level of activity for several years thereafter. Despite the strong outlook for export earnings, household expenditure is expected to grow only modestly. Household debt remains very high ...
AD-AS Model Supplemental Slides
... Since the shock causes GDP to decrease, the government increases AD This returns AD to its original position, and restores the economy to its original equilibrium Therefore, the effect of government intervention is to shorten the recession ...
... Since the shock causes GDP to decrease, the government increases AD This returns AD to its original position, and restores the economy to its original equilibrium Therefore, the effect of government intervention is to shorten the recession ...
Notes 14: Examples in Action
... pick up and offset some of the fall in output (Y). This causes us to move to point (c). If prices were fixed, that would be the end of the story in the short run. We would end up at point (c) in the economy (same point (c) from AD-AS graph). But, in our model, we are allowing firms to adjust prices. ...
... pick up and offset some of the fall in output (Y). This causes us to move to point (c). If prices were fixed, that would be the end of the story in the short run. We would end up at point (c) in the economy (same point (c) from AD-AS graph). But, in our model, we are allowing firms to adjust prices. ...
Index Numbers and the Measurement of Real GDP Exchange Rate
... the Commerce Department, is responsible for preparing and publishing estimates of the gross domestic product (GDP), the most comprehensive measure of our economy's total output. I Most commentators take it for granted that these BEA estimates of GDP represent objective measures of the nation's outpu ...
... the Commerce Department, is responsible for preparing and publishing estimates of the gross domestic product (GDP), the most comprehensive measure of our economy's total output. I Most commentators take it for granted that these BEA estimates of GDP represent objective measures of the nation's outpu ...
NBER WORKING PAPER SERIES MONETARY POLICY AND ASSET PRICES:
... (Bordo et al., 2002, 2003; Schwartz, 1995), and that financial imbalances or crises should be dealt with separately by regulatory or lender of last resort policies (Schwartz, 2002).4 Many economists do not accept the traditional view, at least not entirely. Smets (1997), for example, argues that mon ...
... (Bordo et al., 2002, 2003; Schwartz, 1995), and that financial imbalances or crises should be dealt with separately by regulatory or lender of last resort policies (Schwartz, 2002).4 Many economists do not accept the traditional view, at least not entirely. Smets (1997), for example, argues that mon ...
Real Exchange Rates for the Year 2000
... the United Kingdom, data is available from an OECD publication (published on a country by country basis): OECD Financial Statistics Part 2, Financial Accounts of OECD Countries. This source publishes information on outstanding external assets and liabilities. For the United Kingdom, data is availabl ...
... the United Kingdom, data is available from an OECD publication (published on a country by country basis): OECD Financial Statistics Part 2, Financial Accounts of OECD Countries. This source publishes information on outstanding external assets and liabilities. For the United Kingdom, data is availabl ...
The Historical Development of the Tokyo Skyline - J
... Mau (2001) have noted Tokyo's future was in doubt, with some arguing that a large-scale reconstruction plan was too ambitious, yet the city proved capable of reinventing itself again. Japan was a strategically important location for the U.S. Army during the Korean and Vietnam Wars, and the high dema ...
... Mau (2001) have noted Tokyo's future was in doubt, with some arguing that a large-scale reconstruction plan was too ambitious, yet the city proved capable of reinventing itself again. Japan was a strategically important location for the U.S. Army during the Korean and Vietnam Wars, and the high dema ...
IOSR Journal of Business and Management (IOSR-JBM)
... productions, and household sector, similarly energy like electricity is in different ways light for lightning and used in computer etc (Hamilton, 1983, 1996, 2003).High FP create huge crises during 1970s.Economic performance decline with the increase of CP demand and supply are highly affected by hi ...
... productions, and household sector, similarly energy like electricity is in different ways light for lightning and used in computer etc (Hamilton, 1983, 1996, 2003).High FP create huge crises during 1970s.Economic performance decline with the increase of CP demand and supply are highly affected by hi ...
4. The Goods Market
... The relative price of real estate transfer expenses did not behave as expected, increasing by more than any other price in the long run, even though it would be expected to fall in relative terms, as it has little import content. Data on PIRET are essentially residuals formed from deflating the curr ...
... The relative price of real estate transfer expenses did not behave as expected, increasing by more than any other price in the long run, even though it would be expected to fall in relative terms, as it has little import content. Data on PIRET are essentially residuals formed from deflating the curr ...
Should monetary policy lean against the wind?
... banks’ leverage; as a consequence, the loan-supply schedule is positively sloped and shifts procyclically with changes in the policy rate and with banks’ profitability and capital. As pointed out by Woodford (2011), a loan supply curve with these characteristics could be motivated in several ways. Fo ...
... banks’ leverage; as a consequence, the loan-supply schedule is positively sloped and shifts procyclically with changes in the policy rate and with banks’ profitability and capital. As pointed out by Woodford (2011), a loan supply curve with these characteristics could be motivated in several ways. Fo ...
Presentation by Liqing Zhang, Zhigang Huang
... changes in theoretical. High economic growth brings high income of household, so the demand of house increases, and pulls asset prices up. Unfortunately, this effect is not significant in China (Figure 6). It might be existed other factor to diminish this effect. ...
... changes in theoretical. High economic growth brings high income of household, so the demand of house increases, and pulls asset prices up. Unfortunately, this effect is not significant in China (Figure 6). It might be existed other factor to diminish this effect. ...
Nevada Agricultural Outlook, 2016
... Consumers have seen disposable income boosted by lower fuel expenditures, increasing their ability to purchase food and other products. The outlook for crude oil prices is for the recent slide to end this year, with an average below $50 per barrel (Figure 7). In recent weeks, petroleum prices have f ...
... Consumers have seen disposable income boosted by lower fuel expenditures, increasing their ability to purchase food and other products. The outlook for crude oil prices is for the recent slide to end this year, with an average below $50 per barrel (Figure 7). In recent weeks, petroleum prices have f ...
Kiss Me Deadly: From Finnish Great Depression to Great Recession
... In early 1990s Finland witnessed a protracted economic contraction, one of the biggest to be experienced by an industrialized economy after World War II. This “Finnish Great Depression” started at the beginning of 1990, after several years of rapid economic expansion and lasted for almost four years ...
... In early 1990s Finland witnessed a protracted economic contraction, one of the biggest to be experienced by an industrialized economy after World War II. This “Finnish Great Depression” started at the beginning of 1990, after several years of rapid economic expansion and lasted for almost four years ...
International Transmission of Economic Fluctuations and Inflation Bert G. Hickman
... system. Full-blown structural models are included for the following 12 developed market economies: Australia, Austria, Belgium, Canada, France, West Germany, Italy, Japan, The Netherlands, Sweden, United Kingdom, United States of America.I Thirteen other developed economies are represented merely by ...
... system. Full-blown structural models are included for the following 12 developed market economies: Australia, Austria, Belgium, Canada, France, West Germany, Italy, Japan, The Netherlands, Sweden, United Kingdom, United States of America.I Thirteen other developed economies are represented merely by ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... demand in this period increased at a higher rate and created this discrepancy. Alternatively, we need to examine whether there were other factors beneficial to the stabilization of prices. This issue has attracted the attention of numerous scholars in Taiwan. Many of them, such as Wu (1989), Huang a ...
... demand in this period increased at a higher rate and created this discrepancy. Alternatively, we need to examine whether there were other factors beneficial to the stabilization of prices. This issue has attracted the attention of numerous scholars in Taiwan. Many of them, such as Wu (1989), Huang a ...
Working Paper 142
... uses a strategy based on two "pillars". One of these pillars, referred to as the monetary analysis, exploits the long-run link between money and inflation. In particular, to signal its commitment to price stability and to provide a benchmark for the assessment of monetary developments, the ECB annou ...
... uses a strategy based on two "pillars". One of these pillars, referred to as the monetary analysis, exploits the long-run link between money and inflation. In particular, to signal its commitment to price stability and to provide a benchmark for the assessment of monetary developments, the ECB annou ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... since the advent of floating. (See Manuel Johnson and Bonnie Loopesko 1987 for an overview of the yen-dollar relationship during the floating exchange rate period.) In light of Japan’s record external surpluses, it is widely agreed that the yen was substantially undervalued in early 1985 when it beg ...
... since the advent of floating. (See Manuel Johnson and Bonnie Loopesko 1987 for an overview of the yen-dollar relationship during the floating exchange rate period.) In light of Japan’s record external surpluses, it is widely agreed that the yen was substantially undervalued in early 1985 when it beg ...
Realignment of the Yen-Dollar Exchange Rate: Aspects of the
... since the advent of floating. (See Manuel Johnson and Bonnie Loopesko 1987 for an overview of the yen-dollar relationship during the floating exchange rate period.) In light of Japan’s record external surpluses, it is widely agreed that the yen was substantially undervalued in early 1985 when it beg ...
... since the advent of floating. (See Manuel Johnson and Bonnie Loopesko 1987 for an overview of the yen-dollar relationship during the floating exchange rate period.) In light of Japan’s record external surpluses, it is widely agreed that the yen was substantially undervalued in early 1985 when it beg ...
DP2001/06 How much do import price shocks matter for consumer prices? Tim Hampton
... in the Australasian currencies over 1999 and 2000 may represent a permanent or structural down-shift, rather than just a cyclical phenomenon. If this is the case, and the exchange rate never recovers to previous cyclical highs, then understanding long-run pass-through becomes very relevant. Irrespec ...
... in the Australasian currencies over 1999 and 2000 may represent a permanent or structural down-shift, rather than just a cyclical phenomenon. If this is the case, and the exchange rate never recovers to previous cyclical highs, then understanding long-run pass-through becomes very relevant. Irrespec ...