Yield Curve Inversions and Future Economic Growth.
... Current Situation 5. Hedge funds. There has been a recent increase in demand for U.S. bonds from the Caribbean area indicating hedge fund activity. With long-rates above short rates, many managers do “carry trades” (borrow short-term and buy long-term bonds hoping the relation between rates remains ...
... Current Situation 5. Hedge funds. There has been a recent increase in demand for U.S. bonds from the Caribbean area indicating hedge fund activity. With long-rates above short rates, many managers do “carry trades” (borrow short-term and buy long-term bonds hoping the relation between rates remains ...
consumer price index
... • Because of measurement problems, the CPI overstates annual inflation by about 1 percentage point. ...
... • Because of measurement problems, the CPI overstates annual inflation by about 1 percentage point. ...
Lecture 1
... demand. In the short run, many prices are sticky – adjust sluggishly in response to changes in supply or demand. For example, • many labor contracts fix the nominal wage ...
... demand. In the short run, many prices are sticky – adjust sluggishly in response to changes in supply or demand. For example, • many labor contracts fix the nominal wage ...
Inflation and Interest Rates
... • The CPI is an accurate measure of the selected goods that make up the typical bundle, but it is not a perfect measure of the cost of living • Factors that cause the CPI to overstate the true cost of living: • Substitution bias • Introduction of new goods • Unmeasured quality changes • This issue i ...
... • The CPI is an accurate measure of the selected goods that make up the typical bundle, but it is not a perfect measure of the cost of living • Factors that cause the CPI to overstate the true cost of living: • Substitution bias • Introduction of new goods • Unmeasured quality changes • This issue i ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... effect on the productivity of a man on a given task; thus a trained television repairman is much more likely to be able to diagnose a trouble, even if it is slightly different from those he has been trained to deal with, than someone with no knowledge of television sets. But in large part the princi ...
... effect on the productivity of a man on a given task; thus a trained television repairman is much more likely to be able to diagnose a trouble, even if it is slightly different from those he has been trained to deal with, than someone with no knowledge of television sets. But in large part the princi ...
Economics Principles and Applications
... • Increases in employment have been an important source of economic growth in United States and many other countries • Has been almost entirely due to increases in population, rather than increases in labor force participation • Labor force participation rate did account for growth in living standar ...
... • Increases in employment have been an important source of economic growth in United States and many other countries • Has been almost entirely due to increases in population, rather than increases in labor force participation • Labor force participation rate did account for growth in living standar ...
Interpreting clause 4(b) of the Policy Targets Agreement:
... the target used to direct the Reserve Bank’s pursuit of price stability is expressed as “future CPI inflation outcomes between 1 per cent and 3 per cent on average over the medium term.” While the Reserve Bank has the independence to choose when and how to adjust policy settings so as to achieve the ...
... the target used to direct the Reserve Bank’s pursuit of price stability is expressed as “future CPI inflation outcomes between 1 per cent and 3 per cent on average over the medium term.” While the Reserve Bank has the independence to choose when and how to adjust policy settings so as to achieve the ...
NBER WORKING PAPER SERIES ARE NONCONVEXITIES IMPORTANT FOR UNDERSTANDING GROWTH?
... Intel over his alleged use of secrets learned there. It also described an investigation of a firm that used illicitly acquired mechanical drawings and metallurgical formulas to manufacture replacement blades for General Electric turbines. ...
... Intel over his alleged use of secrets learned there. It also described an investigation of a firm that used illicitly acquired mechanical drawings and metallurgical formulas to manufacture replacement blades for General Electric turbines. ...
Lecture 3: Specific Factors Model of Trade
... Resources and relative supply What are the e¤ects of an increase in the supply of capital stock on the outputs of manufactures and food?. A country with a lot of capital and not much land will tend to produce a high ratio of manufactures to food at any given prices. This can be seen from the equilib ...
... Resources and relative supply What are the e¤ects of an increase in the supply of capital stock on the outputs of manufactures and food?. A country with a lot of capital and not much land will tend to produce a high ratio of manufactures to food at any given prices. This can be seen from the equilib ...
THE FEDERAL RESERVE: Monetary Policy
... can rise by a multiple of these reserves. d. Note: When the Fed sells securities, bank reserves will decrease, and eventually the money supply will go down by a multiple of the bank’s decrease in reserves. ...
... can rise by a multiple of these reserves. d. Note: When the Fed sells securities, bank reserves will decrease, and eventually the money supply will go down by a multiple of the bank’s decrease in reserves. ...
Review question 1, p.184
... • Potential output, or potential GDP, is the amount of output the economy can produce when it is using its inputs, such as capital and labour, at normal rates. • Inputs can be used at greater than normal rates for a time (for example, workers can work overtime and machines can be used at night or o ...
... • Potential output, or potential GDP, is the amount of output the economy can produce when it is using its inputs, such as capital and labour, at normal rates. • Inputs can be used at greater than normal rates for a time (for example, workers can work overtime and machines can be used at night or o ...
LECTURE #1: MICROECONOMICS CHAPTER 1, 2
... 8. The Standard of Living reflects the ability to produce goods and services ...
... 8. The Standard of Living reflects the ability to produce goods and services ...
Elasticity of Supply 2013
... Supply is more elastic the longer the time period a firm has to adjust its production. In the short run, the firm may not be able to change its factor inputs. In agricultural markets, the supply is fixed and determined by planting decisions made months before, and climatic conditions, which affect y ...
... Supply is more elastic the longer the time period a firm has to adjust its production. In the short run, the firm may not be able to change its factor inputs. In agricultural markets, the supply is fixed and determined by planting decisions made months before, and climatic conditions, which affect y ...
Etica & Politica / Ethics & Politics VIII, 2006, 2 www.units.it/etica
... phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output. There are, of course, many possible reasons for monetary growth--gold discoveries, the manner in which government spending is financed, and even the manner in which private spending i ...
... phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output. There are, of course, many possible reasons for monetary growth--gold discoveries, the manner in which government spending is financed, and even the manner in which private spending i ...
production possibilities frontier
... . . . serve as advisers in the policymaking process of the three branches of government: Legislative Executive Judicial ...
... . . . serve as advisers in the policymaking process of the three branches of government: Legislative Executive Judicial ...
Inflation - Potomanto
... Inflation causes redistribution of income. It redistribute income between debtors and creditors. Unexpected inflation benefits debtors (borrowers) at the expense of creditors (lenders). Inflation hurts savers. It reduces the value of fixed incomes. Examples include savings accounts, insurance polici ...
... Inflation causes redistribution of income. It redistribute income between debtors and creditors. Unexpected inflation benefits debtors (borrowers) at the expense of creditors (lenders). Inflation hurts savers. It reduces the value of fixed incomes. Examples include savings accounts, insurance polici ...
Chapter 4
... – amount spent by government = amount collected in taxes Surplus budget – amount spent by government = less than that collected in taxes Deficit budget – amount spent by government = more than that collected in taxes ...
... – amount spent by government = amount collected in taxes Surplus budget – amount spent by government = less than that collected in taxes Deficit budget – amount spent by government = more than that collected in taxes ...
The “Golden Rule”
... can be increased by reducing the savings rate. A decline in the savings rate will boost the steady-state level of consumption per worker, and thus boost consumption per worker in the long run. Moreover, by cutting back on savings and increasing the funds available for consumption, consumption per wo ...
... can be increased by reducing the savings rate. A decline in the savings rate will boost the steady-state level of consumption per worker, and thus boost consumption per worker in the long run. Moreover, by cutting back on savings and increasing the funds available for consumption, consumption per wo ...
External Influences Unit 4: The Economic Environment Icons key:
... The base interest rates of Peru are set by its central bank: the of Banco Central who issue the banknotes. The base interest rate is the fee the Bank charges its customers, usually other banks, for ...
... The base interest rates of Peru are set by its central bank: the of Banco Central who issue the banknotes. The base interest rate is the fee the Bank charges its customers, usually other banks, for ...
Economics Response 5 unemployment
... o It may still be socially inefficient if the reason the worker prefers leisure is because state benefits are preferable to a low-income job; o This is why tax credits are offered to low income workers to ensure that work is always preferred to leisure; To understand the second case consider the fol ...
... o It may still be socially inefficient if the reason the worker prefers leisure is because state benefits are preferable to a low-income job; o This is why tax credits are offered to low income workers to ensure that work is always preferred to leisure; To understand the second case consider the fol ...
On exchange, monetary credit transactions, barter, time preference, interest rates, and productivity
... phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output. There are, of course, many possible reasons for monetary growth--gold discoveries, the manner in which government spending is financed, and even the manner in which private spending i ...
... phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output. There are, of course, many possible reasons for monetary growth--gold discoveries, the manner in which government spending is financed, and even the manner in which private spending i ...
BOOK REVIEWS
... to reduce the economy to a series of equations based on Keynesian assumptions, He makes a convincing case that such models are naive in the extreme. But the same is true of the econometric models based on supply-side assumptions that Evans is recommending. And this is independent of the validity oft ...
... to reduce the economy to a series of equations based on Keynesian assumptions, He makes a convincing case that such models are naive in the extreme. But the same is true of the econometric models based on supply-side assumptions that Evans is recommending. And this is independent of the validity oft ...
Mankiw8e_Student_PPTs_Chapter 9 - E-SGH
... M.B.A., Massachusetts Institute of Technology (MIT) Sloan School of Management ...
... M.B.A., Massachusetts Institute of Technology (MIT) Sloan School of Management ...
Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning ""large"" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics.Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price index, and the interrelations among the different sectors of the economy, to better understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific marketsWhile macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by governments to assist in the development and evaluation of economic policy.