Exam questions first prelim ECON 102
... 1. Define national debt. What is its relationship to fiscal policy? (2 points) National debt is the total outstanding amount owed by the Treasury. National debt is the sum of all historical deficits and surpluses resulting from annual fiscal policy. 2. Explain the three roles of money briefly (3 poi ...
... 1. Define national debt. What is its relationship to fiscal policy? (2 points) National debt is the total outstanding amount owed by the Treasury. National debt is the sum of all historical deficits and surpluses resulting from annual fiscal policy. 2. Explain the three roles of money briefly (3 poi ...
What makes a fiscal plan credible?
... It is certainly the case that a Europe with shaky credit could boost its economy by pursuing a spending-based reduction in its deficit that boosted confidence in public credit. As Karl Smith of UNC Chapel Hill noted in this blog post, one way of seeing this is to look at a neo-Wicksellian equilibriu ...
... It is certainly the case that a Europe with shaky credit could boost its economy by pursuing a spending-based reduction in its deficit that boosted confidence in public credit. As Karl Smith of UNC Chapel Hill noted in this blog post, one way of seeing this is to look at a neo-Wicksellian equilibriu ...
Slide 1
... reliance on any such opinion, advice, statement, memorandum, or information shall be at your sole risk. Cairo Amman Bank reserves the right, in its sole discretion, to correct any error or omission in any portion of the report without notice. Cairo Amman Bank may make any other changes to the report ...
... reliance on any such opinion, advice, statement, memorandum, or information shall be at your sole risk. Cairo Amman Bank reserves the right, in its sole discretion, to correct any error or omission in any portion of the report without notice. Cairo Amman Bank may make any other changes to the report ...
Macroeconomic Implications of Scaling
... Issues in ODA flows (contd.) Aid flows – uncertain, volatile and herding among donors Management of surges of aid flows similar to managing surges in private capital flows Management in low income countries is exacerbated by underdeveloped financial sector Costs of surges illustrated with t ...
... Issues in ODA flows (contd.) Aid flows – uncertain, volatile and herding among donors Management of surges of aid flows similar to managing surges in private capital flows Management in low income countries is exacerbated by underdeveloped financial sector Costs of surges illustrated with t ...
Test 3 - Department of Economics
... BP curve, initially there is also external balance in the economy. The drop in i* leaves the balance in the current account unchanged but causes the balance in the capital account to improve. Therefore, at point A there is now a surplus in the external sector. Note that for the external sector to re ...
... BP curve, initially there is also external balance in the economy. The drop in i* leaves the balance in the current account unchanged but causes the balance in the capital account to improve. Therefore, at point A there is now a surplus in the external sector. Note that for the external sector to re ...
Midterm 3
... balance equal to zero is attained automatically by: a. exchange rate appreciation or depreciation sufficient to bring desired net exports equal to zero. b. domestic real interest rate changes will reverse the capital flow that finances the current account deficit, forcing the deficit back to zero. c ...
... balance equal to zero is attained automatically by: a. exchange rate appreciation or depreciation sufficient to bring desired net exports equal to zero. b. domestic real interest rate changes will reverse the capital flow that finances the current account deficit, forcing the deficit back to zero. c ...
... fall-off in public spending as oil revenues contracted. In this situation, private consumption was the main driver of growth, expanding by 3.9%. 2015 is expected to be a difficult year for the country, given an external environment of low oil prices, appreciation of the dollar against the currencies ...
New growth model in Serbia
... • While three non-tradable sectors (trade, transport and telecommunications and the financial sector) grew rapidly (15% on average) generating 75% of the overall growth, industry was mainly stagnant (growth of 2% per year) –growth model which resulted from the structure of FDI inflows: 20% in tradab ...
... • While three non-tradable sectors (trade, transport and telecommunications and the financial sector) grew rapidly (15% on average) generating 75% of the overall growth, industry was mainly stagnant (growth of 2% per year) –growth model which resulted from the structure of FDI inflows: 20% in tradab ...
Modeling the Demand for Bank Loans by Private Business Sector in
... In the study short run and long run dynamics of demand for bank loans by private business sector are analyzed The real rate of interest, inflation and industrial output were taken as the main determinants of demand for bank loan ...
... In the study short run and long run dynamics of demand for bank loans by private business sector are analyzed The real rate of interest, inflation and industrial output were taken as the main determinants of demand for bank loan ...
Macroeconomics: Events and Ideas
... and would not advocate any policy; their view would be that the inflationary pressure will not exist in the long run. Monetarists would also be reluctant to endorse fiscal policy in the short run; they believe discretionary fiscal policy actually makes the economy worse. Contractionary fiscal policy ...
... and would not advocate any policy; their view would be that the inflationary pressure will not exist in the long run. Monetarists would also be reluctant to endorse fiscal policy in the short run; they believe discretionary fiscal policy actually makes the economy worse. Contractionary fiscal policy ...
Economics 1012A Introduction to Macroeconomics Fall 2008 Dr. RE
... A) fall, and the money price of goods would rise. B) rise, and the money price of goods would fall. C) fall, and the money price of goods would fall. D) rise, and the money price of goods would rise. 57. The Bank of Canada does not issue too much money because doing so would destroy money's usefulne ...
... A) fall, and the money price of goods would rise. B) rise, and the money price of goods would fall. C) fall, and the money price of goods would fall. D) rise, and the money price of goods would rise. 57. The Bank of Canada does not issue too much money because doing so would destroy money's usefulne ...
Liquidity Ratios: Inclusion of Floating Rate Notes
... Clarification has been sought recently regarding inclusion of floating rate notes in the calculations for meeting the PLA and operational liquidity ratios. Floating rate notes (FRNs) is a generic term applied to physical debt instruments bearing an interest rate that is tied to an interest rate stan ...
... Clarification has been sought recently regarding inclusion of floating rate notes in the calculations for meeting the PLA and operational liquidity ratios. Floating rate notes (FRNs) is a generic term applied to physical debt instruments bearing an interest rate that is tied to an interest rate stan ...
Stock Markets and The Fed
... The old adage “make hay while the sun shines” is applicable to corporations and their investors in the stock markets. The Fed Chairman has recently indicated that the era of low interest rates, excessive borrowing and quantitative easing are about to end. In other words, the era of easy money is abo ...
... The old adage “make hay while the sun shines” is applicable to corporations and their investors in the stock markets. The Fed Chairman has recently indicated that the era of low interest rates, excessive borrowing and quantitative easing are about to end. In other words, the era of easy money is abo ...
GOOD GOVERNMENT NEEDS A BALANCE SHEET
... more manageable levels? Is there anything more sophisticated than just spending between 35% and 37% of GDP a year on public services? Perhaps this is the point to look at the government’s balance sheet (see tables, right), even if it is a year or so out of date. Because when you do so, it is clear t ...
... more manageable levels? Is there anything more sophisticated than just spending between 35% and 37% of GDP a year on public services? Perhaps this is the point to look at the government’s balance sheet (see tables, right), even if it is a year or so out of date. Because when you do so, it is clear t ...
The Power to Create Money `Out of Thin Air`
... Greenspan, faithfully followed the economic orthodoxy of financial de-regulation that had created the conditions for the crash. During the period of the inflating credit bubble policy makers had obliged the private banking sector by deliberately turning a blind eye to the way that credit inflated as ...
... Greenspan, faithfully followed the economic orthodoxy of financial de-regulation that had created the conditions for the crash. During the period of the inflating credit bubble policy makers had obliged the private banking sector by deliberately turning a blind eye to the way that credit inflated as ...
Money Demand and the Quantity Theory
... data to construct their preferred NewM1 aggregate for themselves. Very impressive! This paper stands quite clearly as an example for anyone who wishes to conduct serious research in monetary economics. Lucas and Nicolini’s theory implies, in particular, that there should be a stable long-run relatio ...
... data to construct their preferred NewM1 aggregate for themselves. Very impressive! This paper stands quite clearly as an example for anyone who wishes to conduct serious research in monetary economics. Lucas and Nicolini’s theory implies, in particular, that there should be a stable long-run relatio ...
3. Policy Lags
... the government employs is to lower down the interest rates, to attract people to borrow money and spend them on projects or businesses. When the economy is in danger of overheating (when growth is too fast, threatening a rise in inflation), the government increases interest rates to make access to e ...
... the government employs is to lower down the interest rates, to attract people to borrow money and spend them on projects or businesses. When the economy is in danger of overheating (when growth is too fast, threatening a rise in inflation), the government increases interest rates to make access to e ...
The Elusive Recovery Prabhat Patnaik
... through which the level of aggregate demand in the economy expands, have not increased. The banks have held on to excess reserves or made some changes in their balance sheets, in consequence of which some of this money has spread itself all over the capitalist world, including entering third world e ...
... through which the level of aggregate demand in the economy expands, have not increased. The banks have held on to excess reserves or made some changes in their balance sheets, in consequence of which some of this money has spread itself all over the capitalist world, including entering third world e ...
036.en
... liabilities towards other sub-sectors. The local governments’ debt accounted for 0.7 billion euros. Social security funds did not contribute to the debt of the general government sector. The loan liabilities of the central government decreased by 3% and the volume of long-term securities issued by t ...
... liabilities towards other sub-sectors. The local governments’ debt accounted for 0.7 billion euros. Social security funds did not contribute to the debt of the general government sector. The loan liabilities of the central government decreased by 3% and the volume of long-term securities issued by t ...
Economics for business
... same rise might induce a much larger fall in investment. The other two elements of AMD are only indirectly affected by changes in interest rates. In the case of public expenditure, an increase in interest rates will raise the cost of servicing the national debt. If there are economic or political co ...
... same rise might induce a much larger fall in investment. The other two elements of AMD are only indirectly affected by changes in interest rates. In the case of public expenditure, an increase in interest rates will raise the cost of servicing the national debt. If there are economic or political co ...
Fiscal Policy
... Surplus, shortage – Price floor, Price ceiling. What is the rationing function of prices? How does changes in supply and demand affect equilibrium price and quantity? Ceteris Paribus – “other things equal”. Why is ceteris paribus important in economics? DOMESTIC OUTPUT, NATIONAL INCOME AND PRICE LEV ...
... Surplus, shortage – Price floor, Price ceiling. What is the rationing function of prices? How does changes in supply and demand affect equilibrium price and quantity? Ceteris Paribus – “other things equal”. Why is ceteris paribus important in economics? DOMESTIC OUTPUT, NATIONAL INCOME AND PRICE LEV ...
slides are here - Stephen Kinsella
... Very few new ideas in economics. Mostly repackaged old ones. Understand old ideas more easily, see flaws/bias/bullshit in ‘new’ ones. Policy prescriptions which harm/benefit millions come from these ideas. ...
... Very few new ideas in economics. Mostly repackaged old ones. Understand old ideas more easily, see flaws/bias/bullshit in ‘new’ ones. Policy prescriptions which harm/benefit millions come from these ideas. ...
The G-20 Calls a Truce in the Currency War
... financial crisis, makes the situation in the U.S. potentially worse than it was in Japan, which managed to maintain employment and social cohesion during what was often called “a happy recession.” China fears that a rapid appreciation of its currency would precipitate mass unemployment and bankruptc ...
... financial crisis, makes the situation in the U.S. potentially worse than it was in Japan, which managed to maintain employment and social cohesion during what was often called “a happy recession.” China fears that a rapid appreciation of its currency would precipitate mass unemployment and bankruptc ...