George 4th Quarter 2010 Market Commentary
... expanding their loans to consumers for the first time since the credit crisis erupted. JP Morgan Chase reported on January 14th a fourth quarter jump in earnings of 47% and said its total loans increased 6% since the end of September8. Retail Sales - It is generally accepted that consumer spending i ...
... expanding their loans to consumers for the first time since the credit crisis erupted. JP Morgan Chase reported on January 14th a fourth quarter jump in earnings of 47% and said its total loans increased 6% since the end of September8. Retail Sales - It is generally accepted that consumer spending i ...
automatic stabilizers
... speed the economy up down as GDP falls. As transfers go up, consumers have more to spend and AD shifts to the right left, increasing equilibrium income. The government doesn’t have to make any decisions or pass any legislation. It doesn’t even have to know that income is falling. Established gov’t p ...
... speed the economy up down as GDP falls. As transfers go up, consumers have more to spend and AD shifts to the right left, increasing equilibrium income. The government doesn’t have to make any decisions or pass any legislation. It doesn’t even have to know that income is falling. Established gov’t p ...
... consumption. The latter partly reflected the rise in the unemployment rate in the main metropolitan areas, from 4.7% to 7.9% in the 12 months to October. The consumer price index rose by more than 10% over the year, owing to a sharp depreciation of the national currency and rising energy and fuel pr ...
Economics for Today 2nd edition Irvin B. Tucker
... supply curve leftward. d. lower wages will shift the short-run aggregate supply curve rightward. d. According to classical economists, competition among employed workers during a recession causes a reduction in the cost of labor. As a result, firms can supply more real GDP at each possible price lev ...
... supply curve leftward. d. lower wages will shift the short-run aggregate supply curve rightward. d. According to classical economists, competition among employed workers during a recession causes a reduction in the cost of labor. As a result, firms can supply more real GDP at each possible price lev ...
Economics 11
... was higher than it has been in most years over the past two decades. b. was negative, which means we had deflation. c. has been roughly constant for the past three years. d. is similar to Germany in the 1920s. Inflation in the US is lower than it was in most of the 1980s and early 1990s, so a is inc ...
... was higher than it has been in most years over the past two decades. b. was negative, which means we had deflation. c. has been roughly constant for the past three years. d. is similar to Germany in the 1920s. Inflation in the US is lower than it was in most of the 1980s and early 1990s, so a is inc ...
Presentation to Community Leaders Luncheon Salt Lake City, UT
... talking about fighting the last war. It is a more general point: When you have a high-pressure economy, with unsustainably high levels of economic activity for a long period of time, people may make decisions based on excessive optimism, rather than sound economic basics. That mentality can happen a ...
... talking about fighting the last war. It is a more general point: When you have a high-pressure economy, with unsustainably high levels of economic activity for a long period of time, people may make decisions based on excessive optimism, rather than sound economic basics. That mentality can happen a ...
MacroEconomic Goals - JV Penguinomics
... GDP = Market value of all final goods and services produced in an economy in a year ...
... GDP = Market value of all final goods and services produced in an economy in a year ...
Triangle of Painful Choices
... by 2035 and assumes that spending on Social Security and interest remain fixed at the 2012 levels as a percentage of GDP. (Of course, with an aging population and interest rates at historic lows, these assumptions may be optimistic.) ...
... by 2035 and assumes that spending on Social Security and interest remain fixed at the 2012 levels as a percentage of GDP. (Of course, with an aging population and interest rates at historic lows, these assumptions may be optimistic.) ...
Review for Final II
... Long and Variable Policy Lags – 1. Recognition Lag: policymakers need time to realize that there is a problem. – 2. Reaction Lag: they need time to formulate an appropriate policy response. – 3. Effect Lag: policy takes time to implement and work through the economy. • Countercyclical policies can ...
... Long and Variable Policy Lags – 1. Recognition Lag: policymakers need time to realize that there is a problem. – 2. Reaction Lag: they need time to formulate an appropriate policy response. – 3. Effect Lag: policy takes time to implement and work through the economy. • Countercyclical policies can ...
Where will economic growth come from?
... normal for the UK due to hysteresis effects: ◦ Scrapping of human capital / people leaving the labour force ◦ Long term unemployment now 1/3rd of the total ◦ Scrapping of fixed capital / steep decline in capital spending ◦ Increased risk aversion of the financial system ...
... normal for the UK due to hysteresis effects: ◦ Scrapping of human capital / people leaving the labour force ◦ Long term unemployment now 1/3rd of the total ◦ Scrapping of fixed capital / steep decline in capital spending ◦ Increased risk aversion of the financial system ...
Fiscal Policy-15
... spending used to move the economy toward full employment with price stability Potential output- the maximum sustainable output in the long run given the supply of resources, technology and “rules of the game” that nurture production and exchange ...
... spending used to move the economy toward full employment with price stability Potential output- the maximum sustainable output in the long run given the supply of resources, technology and “rules of the game” that nurture production and exchange ...
Economics 203/Quiz 5
... c. recessions since World War II have tended to last considerably longer than those before World War II d. markets, especially labor markets, tend to behave differently during recessions 2. The most recent U.S. recession a. was very similar in length and severity to the prior two b. lasted almost tw ...
... c. recessions since World War II have tended to last considerably longer than those before World War II d. markets, especially labor markets, tend to behave differently during recessions 2. The most recent U.S. recession a. was very similar in length and severity to the prior two b. lasted almost tw ...
JTW_Bahamas
... As one of the most prosperous county in the Caribbean region, the Bahamas relies on tourism to generate most of their economic activity. Tourism as an industry not only accounts for over 60 percent of the Bahamian GDP, but provides jobs for more than half the country's workforce. An example of Touri ...
... As one of the most prosperous county in the Caribbean region, the Bahamas relies on tourism to generate most of their economic activity. Tourism as an industry not only accounts for over 60 percent of the Bahamian GDP, but provides jobs for more than half the country's workforce. An example of Touri ...
Brian Lenihan - The Irish Economy
... including pay reduction for public sector. April 2009 (Supplementary Budget) - Range of expenditure adjustments and revenue increases totalling €3.3bn (over €5 billion in full year). ...
... including pay reduction for public sector. April 2009 (Supplementary Budget) - Range of expenditure adjustments and revenue increases totalling €3.3bn (over €5 billion in full year). ...
Economic Update, April 2017 Where is the Economy Headed?
... debt, the only way domestic investment can increase is with larger trade deficits. Once again, this is (understandably) the exact opposite of what our new administration intends to achieve. When Will We Return to Recession? Thus far I have simply been presenting data reported by the government and d ...
... debt, the only way domestic investment can increase is with larger trade deficits. Once again, this is (understandably) the exact opposite of what our new administration intends to achieve. When Will We Return to Recession? Thus far I have simply been presenting data reported by the government and d ...
Economy of Japan
... largest creditor nation, generally running an annual trade surplus and having a considerable net international investment surplus. As of 2010, Japan possesses 13.7% of the world's private financial assets (the 2nd largest in the world) at an estimated $14.6 trillion. As of 2011, 68 of the Fortune 50 ...
... largest creditor nation, generally running an annual trade surplus and having a considerable net international investment surplus. As of 2010, Japan possesses 13.7% of the world's private financial assets (the 2nd largest in the world) at an estimated $14.6 trillion. As of 2011, 68 of the Fortune 50 ...
Abenomics
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Abenomics (アベノミクス, Abenomikusu) refers to the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as prime minister of Japan. Abenomics is based upon ""three arrows"" of fiscal stimulus, monetary easing and structural reforms. The Economist characterized the program as a ""mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades.""The term ""Abenomics"" is a portmanteau of Abe and economics, and follows previous political neologisms for economic policies linked to specific leaders, such as Reaganomics, Clintonomics and Rogernomics.