PAPER SERIES
... Much of the research summarized in this paper was contained in rry doctoral thesis. I am indebted to the many people thanked in my thesis for a variety of types of assistance in connection with the research reported here. Financial support was provided by the National Bureau of Economic Research. Co ...
... Much of the research summarized in this paper was contained in rry doctoral thesis. I am indebted to the many people thanked in my thesis for a variety of types of assistance in connection with the research reported here. Financial support was provided by the National Bureau of Economic Research. Co ...
Ensuring Financial Stability: Financial Structure and the
... economies experienced a sharp rise in residential property prices in the second half of the 1980s, in many cases associated with liberalisation and deregulation of the housing finance sector. Residential property prices were subsequently weak or fell in the 1990s, following the US recession in 1990- ...
... economies experienced a sharp rise in residential property prices in the second half of the 1980s, in many cases associated with liberalisation and deregulation of the housing finance sector. Residential property prices were subsequently weak or fell in the 1990s, following the US recession in 1990- ...
(PDF)
... contributor to the declining price was an overabundance of supply. Prices fell to a 10-year low in March after domestic supply expanded 57 billion cubic feet.18 The U.S. Energy Information Administration reported that working natural gas in storage totaled 2,479 billion cubic feet at the end of Marc ...
... contributor to the declining price was an overabundance of supply. Prices fell to a 10-year low in March after domestic supply expanded 57 billion cubic feet.18 The U.S. Energy Information Administration reported that working natural gas in storage totaled 2,479 billion cubic feet at the end of Marc ...
Measuring inflation under rationing: A virtual price approach - Hal-SHS
... In this paper, first we discuss the meaning of inflation in centrally planned economies (section 1), then we present various methods to evaluate its real level completing the official figures by market disequilibrium indicators or proxies which take into account rationing and incomplete information ...
... In this paper, first we discuss the meaning of inflation in centrally planned economies (section 1), then we present various methods to evaluate its real level completing the official figures by market disequilibrium indicators or proxies which take into account rationing and incomplete information ...
FRBSF E L CONOMIC ETTER
... include increased use of domestic outsourcing and skill-biased technological changes that have decreased the demand for less-skilled workers and constrained their wages in most sectors of the U.S. economy. Alternatively, globalization, coupled with technological change, may simultaneously have raise ...
... include increased use of domestic outsourcing and skill-biased technological changes that have decreased the demand for less-skilled workers and constrained their wages in most sectors of the U.S. economy. Alternatively, globalization, coupled with technological change, may simultaneously have raise ...
China: housing property prices: failing to see the
... At the aggregate level, the NBS and the NDRC provide both an average of housing prices for 35 cities and 36 cities respectively on a monthly frequency. While they differ in value, the two price series have the same overall growth trend but the NDRC series tend to follow the NBS ones with a lag. Sinc ...
... At the aggregate level, the NBS and the NDRC provide both an average of housing prices for 35 cities and 36 cities respectively on a monthly frequency. While they differ in value, the two price series have the same overall growth trend but the NDRC series tend to follow the NBS ones with a lag. Sinc ...
NBER ON THE OF DECREASING
... to buy a stock forever stripped of its dividends. The fundamental, on its part, represents the present discounted value of the dividend stream. In legal terms, the fundamentalis the value of the u.sufruct, while the bubble measures the value of the stock minus its usufruct. For instance, a claim to ...
... to buy a stock forever stripped of its dividends. The fundamental, on its part, represents the present discounted value of the dividend stream. In legal terms, the fundamentalis the value of the u.sufruct, while the bubble measures the value of the stock minus its usufruct. For instance, a claim to ...
MACROECONOMIC PRINCIPLES (ECON
... What caused the current recession? What are monetary and fiscal policies? How do they work? The last 2 recessions occurred 7 / 90 (peak) 3 / 01 (trough) and 3 / 01 (peak) 12 / 01 (trough). The most recent economic peak was 12/07. That is when the current recession began. The economy appears to have ...
... What caused the current recession? What are monetary and fiscal policies? How do they work? The last 2 recessions occurred 7 / 90 (peak) 3 / 01 (trough) and 3 / 01 (peak) 12 / 01 (trough). The most recent economic peak was 12/07. That is when the current recession began. The economy appears to have ...
Impact from Changing Internal and External Conditions on Korea`s
... With the majority of the world experiencing disinflation, Korea’s inflation has remained below the target range for the past several years, calling for an examination into the related factors. The average inflation rate of major advanced countries has dropped 0.9%p since 2000, posting 1.2% in 2012. ...
... With the majority of the world experiencing disinflation, Korea’s inflation has remained below the target range for the past several years, calling for an examination into the related factors. The average inflation rate of major advanced countries has dropped 0.9%p since 2000, posting 1.2% in 2012. ...
The short and medium term impacts of rises in staple food prices
... changes for rich and poor consumers requires different indices (Dorward, 2011). Similarly, analysis of the impacts of high food prices should consider how changes in nominal food prices may lead to different changes in the opportunity cost of food relative to different goods and services that are im ...
... changes for rich and poor consumers requires different indices (Dorward, 2011). Similarly, analysis of the impacts of high food prices should consider how changes in nominal food prices may lead to different changes in the opportunity cost of food relative to different goods and services that are im ...
ExamView Pro - sgch20
... 2. People will want to hold less money if the price level a. or the interest rate increases. b. or the interest rate decreases. c. increases or the interest rate decreases. d. decreases or the interest rate increases. 3. If the stock market crashes, a. aggregate demand increases, which the Fed could ...
... 2. People will want to hold less money if the price level a. or the interest rate increases. b. or the interest rate decreases. c. increases or the interest rate decreases. d. decreases or the interest rate increases. 3. If the stock market crashes, a. aggregate demand increases, which the Fed could ...
Week 15 Objective: Students will learn the determinants of AS and
... Aggregate Demand Curve • The total output of the economy and PL are determined at the intersection of the AD & AS curves. • The equilibrium reflects Real GDP and the PL ...
... Aggregate Demand Curve • The total output of the economy and PL are determined at the intersection of the AD & AS curves. • The equilibrium reflects Real GDP and the PL ...
Inflation October 18
... Over short periods of time, inflation can be caused by increases in costs or increases in spending. Inflation resulting from an increase in aggregate demand or total spending is called demand-pull inflation. Increases in demand, particularly if production in the economy is near the full-employment l ...
... Over short periods of time, inflation can be caused by increases in costs or increases in spending. Inflation resulting from an increase in aggregate demand or total spending is called demand-pull inflation. Increases in demand, particularly if production in the economy is near the full-employment l ...
romewp2007-02 - Research on Money in the Economy” ROME
... government controlled money and the costs associated with it, Austrian economists have been arguing for returning to free market money.24 Austrian economists explicitly note that changes in credit and money supply affect individual prices at different times and to different extents, thereby bringing ...
... government controlled money and the costs associated with it, Austrian economists have been arguing for returning to free market money.24 Austrian economists explicitly note that changes in credit and money supply affect individual prices at different times and to different extents, thereby bringing ...
Chapter 33 1. For the following four cases, trace the impact of each
... If policy makers had done nothing at all, what would have happened to the wage rate as the economy self-corrected or adjusted back to the natural rate of output on its own? ...
... If policy makers had done nothing at all, what would have happened to the wage rate as the economy self-corrected or adjusted back to the natural rate of output on its own? ...
Prices, Standards of Living and Material Incentives in Japan, 1937
... A key feature of wartime economies is a tendency towards inflation. In Japan after 1937 the inflationary threat was to be addressed by curbing the operation of non-essential industries and limiting private consumption. It was recognized, however, that private consumption could only be limited so far ...
... A key feature of wartime economies is a tendency towards inflation. In Japan after 1937 the inflationary threat was to be addressed by curbing the operation of non-essential industries and limiting private consumption. It was recognized, however, that private consumption could only be limited so far ...
a case study
... Understanding the costs of inflation is not an easy task. There are a variety of myths about inflation. There are debates among economists about some of the more serious problems caused by inflation. A number of exercises in National Council on Economic Education publications, student workbooks, and ...
... Understanding the costs of inflation is not an easy task. There are a variety of myths about inflation. There are debates among economists about some of the more serious problems caused by inflation. A number of exercises in National Council on Economic Education publications, student workbooks, and ...
Answers. - Econedlink
... The annual rate of increase over the last three months was 6.2 percent and over the last 12 months, 3.5 percent. Annual inflation rates during all of 2002, 2003, and 2004 were 1.6, 2.3 and 2.7 percent. The core rate of inflation (unchanged in April) represents the consumer price index without the in ...
... The annual rate of increase over the last three months was 6.2 percent and over the last 12 months, 3.5 percent. Annual inflation rates during all of 2002, 2003, and 2004 were 1.6, 2.3 and 2.7 percent. The core rate of inflation (unchanged in April) represents the consumer price index without the in ...
Discussion prepared for JMCB special issue Zheng Liu
... The global financial crisis of 2008-09 led by a collapse in the U.S. housing market propelled the U.S. economy into the Great Recession. It has also rekindled the debate about appropriate monetary policy responses to housing price fluctuations. Prior to the crisis, a prominent view in the literature ...
... The global financial crisis of 2008-09 led by a collapse in the U.S. housing market propelled the U.S. economy into the Great Recession. It has also rekindled the debate about appropriate monetary policy responses to housing price fluctuations. Prior to the crisis, a prominent view in the literature ...
Housing market in China`s growth recovery and house price
... there were both stock market boom and real estate market boom in 2007. The GDP growth rate, driven by the growth of exports and the real estate industry, was a staggering 14.2% in 2007. The Shanghai stock exchange composite index increased from under 1200 at the beginning of 2006 to around 6200 in O ...
... there were both stock market boom and real estate market boom in 2007. The GDP growth rate, driven by the growth of exports and the real estate industry, was a staggering 14.2% in 2007. The Shanghai stock exchange composite index increased from under 1200 at the beginning of 2006 to around 6200 in O ...
Inflation, Recession, and Stagflation
... We hope to show that all three have one serious common failing; they all ignore the real side of the economy and hence the real malad justments introduced by a monetary policy that interferes with economic ...
... We hope to show that all three have one serious common failing; they all ignore the real side of the economy and hence the real malad justments introduced by a monetary policy that interferes with economic ...
Deflation and Japan Revisited
... when the aggregate demand fell, i.e., these were years of deflationary pressure. The rest of the years should then be years of inflationary pressure. From the money supply data, it appears that the Bank of Japan (BoJ) did its very best to make sure that the money supply inflated during the period un ...
... when the aggregate demand fell, i.e., these were years of deflationary pressure. The rest of the years should then be years of inflationary pressure. From the money supply data, it appears that the Bank of Japan (BoJ) did its very best to make sure that the money supply inflated during the period un ...
Chronic Deflation in Japan
... and the euro area (Figure 3, top left-hand panel). For instance, the difference between CPI inflation rates in Japan and the United States (based on five-year backward moving average) amounted to about -2 percentage points in the 1990s (second panel on the righthand side). The difference widened to arou ...
... and the euro area (Figure 3, top left-hand panel). For instance, the difference between CPI inflation rates in Japan and the United States (based on five-year backward moving average) amounted to about -2 percentage points in the 1990s (second panel on the righthand side). The difference widened to arou ...
NBER WORKING PAPER SERIES REAL-FINANCIAL LINKAGES AMONG OPEN ECONOMIES Sven W. Arndt
... This paper integrates the contributions to a forthcoming volume of the same title by the authors. The volume analyzes and empirically examines linkages between the real and financial variables that themselves link open economies-- "linkage" thus has a double meaning. Two types of linkages are discus ...
... This paper integrates the contributions to a forthcoming volume of the same title by the authors. The volume analyzes and empirically examines linkages between the real and financial variables that themselves link open economies-- "linkage" thus has a double meaning. Two types of linkages are discus ...
Principles of Macroeconomics, Case/Fair/Oster, 10e
... 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 ...