... After World War II, Japan was devastated-several of its major cities were obliterated
and its economy was virtually nonexistent. Due to much effort and hard work, the
Japanese economy slowly began to stabilize and recover. Additionally, the United States
helped Japan rebuild, and provided capital an ...
... Pass-through effects of higher energy prices have caused upward
pressure on core inflation, but falling energy prices are likely to
lessen and exert downward leverage on core inflation
... of prices and wages. What changes in their behavior are indicated by the data
and how can they be explained? Next, the models that imply that price
flexibility may be destabilizing are identified and assessed. This requires in
particular an analysis of the role of changes in interest rates and price ...
... The banking system was heavily regulated, thus considered
Weekly Economic Report December 4, 2006
... year Treasury note fell from 4.55% beginning of the
week to 4.42% at the end of the week
US dollar continued its sharp slide against the yen
and the Euro raising concerns about inflation and
possibly delaying any cut in short-term interest rates
by the Fed
How to avoid the next crash Financial Times 30-Jan
... liabilities or assets. The bulk of the risk sensitivity requirement should be related to the growth
rates of bank lending and asset prices. There are, of course, some technical problems, but
once the principle is accepted, these problems are solvable. The current approach is not short
of technical i ...
... the general level of prices.
The value of currency is
Conversely, prices of all
consumer goods are
... interest rate, which began in the second half of 2011. The reductions were intended to help the
economy deal with the slowdown by increasing domestic demand and by supporting the
depreciation of the shekel.
The government deficit expanded this year to 4.2 percent of GDP, the result of a slowdown in ...
... • A New Classical Story: Because they do not have all the information that
would enable them to compute perfectly the relative prices they care about,
agents make errors…[A]gents temporarily mistake a general increase in all
absolute prices as an increase in the relative price of the good they are
Center for Economic and Policy Research
... The bubble regions -- some of which have
seen home prices increase more than 60
percent after adjusting for inflation – are
large enough to have a major impact on
the national economy. These regions
include most of the East Coast north of
and including Washington, DC, especially
New England; much of ...
Performance and Policy
... effective at mitigating recession?
Is there a tradeoff between inflation
Is anticipated or unanticipated
government policy more effective?
... The American economy picked up in the first quarter.
The price of oil topped out for the year.
Gold prices plummet in South Africa.
Pharmaxis shares plunge 52 per cent.
India’s GDP bottomed out.
Shares rally on Spanish auction.
Bay Area home prices soar in buyer bidding wars.
Pick up = to improve in ...
FRBSF E L CONOMIC ETTER
... Business investment and the stock bubble
From 1996 until its peak in 2000, real business investment expanded at an average compound growth rate
of 10% per year—about 2.5 times faster than the
growth rate of the U.S. economy as a whole. Much
of the surge in business investment in the late 1990s
was l ...
Ch. 23 Section 1
... Government might cut taxes to give people more
money to spend. Hopes that people’s increased
purchases will cause businesses to hire more
workers to boost production.
Sometimes government increases its own spending
for goods and services to convince businesses to
hire more workers to boost produ ...
Demand shocks and sticky prices
... No growth in living standards prior to
Industrial Revolution due to the fact
that as the economy grew, so did the
Talking Point Schroders Outlook 2016: Japan Equities
... we remain realistic on the timetable for ratification, especially given potential hurdles in the US. Mr Abe has
also made substantial progress in cutting the corporate tax rate, which is likely to be lowered again next year to
below 30% from the current rate of 32%.
For the BoJ, the weaker-than-expe ...
weekly article inflation
... This article talks about the overall inflation in the US, even with
the considerable drop in gas prices. Inflation has picked up in October
of 2014, especially noticeable in items like automobiles, pork, beef,
pharmaceuticals, and electric power. Prices in items like pork have risen
8.1%. This is al ...
Mar 2011 - Spears Abacus
... that of the 1970’s. Then, price increases quickly resulted in higher wages that in turn led to
further price increases; and the spiral of inflation continued. Today, the U.S. has excess labor
capacity and labor is still losing its bargaining power. We are also not experiencing, nor are
we likely to ...
... MoF slowly started loosing power to BoJ and other agencies.
Asset Prices: What can or should Monetary Policy do XXXXX?
... • So, one thing EMEs could do is to float as
much as possible
• Problem # 1: Adverse effects on tradable
– Another instrument is required:
Countercyclical Fiscal Policy? Too
inflexible in some countries?
– Capital controls? Effective? Distorting?
Japanese asset price bubble
The Japanese asset price bubble (バブル景気, baburu keiki, lit. ""bubble economy"") was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an uncontrolled money supply and credit expansion. More specifically, over-confidence and telemetry speculation regarding asset and stock prices had been closely associated with excessive monetary easing policy at the time.By August 1990, the Nikkei stock index had plummeted to half its peak by the time of the fifth monetary tightening by the Bank of Japan (also known as BOJ). By late 1991, the asset price began to fall. Even though the asset price had visibly collapsed by early 1992, the economy's decline continued for more than a decade. This decline resulted in a huge accumulation of non-performing assets loans (NPL), causing difficulties for many financial institutions. The bursting of the Japanese asset price bubble contributed to what many call the Lost Decade.