Macroeconomics and Politics - Tippie College of Business
... identify and understand the importance of basic indicators of national economic conditions. obtain, utilize, and interpret macroeconomic data used to summarize national economic conditions. understand and explain how national economic indicators are measured and used to summarize and describe econom ...
... identify and understand the importance of basic indicators of national economic conditions. obtain, utilize, and interpret macroeconomic data used to summarize national economic conditions. understand and explain how national economic indicators are measured and used to summarize and describe econom ...
The Latin American Economic Recovery (5 Oct 04).
... government to keep its economic policies on track. The result has been a period of strong economic growth in Uruguay. Another example was the IMF program for Brazil during the election in 2002, based on the strong commitment of the Brazilian government to economic policies aimed at strengthening Bra ...
... government to keep its economic policies on track. The result has been a period of strong economic growth in Uruguay. Another example was the IMF program for Brazil during the election in 2002, based on the strong commitment of the Brazilian government to economic policies aimed at strengthening Bra ...
What`s Next for Latin America After the Global Crisis?
... be shaped by the expansion of the domestic market. Growth will be constrained by public infrastructure, especially in transport, but nonetheless will range between 5-6 percent per year. The trends observed in Brazil will not be easy to replicate elsewhere in the region partly because state capacity ...
... be shaped by the expansion of the domestic market. Growth will be constrained by public infrastructure, especially in transport, but nonetheless will range between 5-6 percent per year. The trends observed in Brazil will not be easy to replicate elsewhere in the region partly because state capacity ...
Milton Friedman
... • Monetary policy should follow simple rules and not try to adjust to shifting economic situations. – In particular, if an economy’s GDP normally grows at the rate of 3.5% per year, then its central bank should increase the quantity of money at the same rate every year. This will keep prices stable ...
... • Monetary policy should follow simple rules and not try to adjust to shifting economic situations. – In particular, if an economy’s GDP normally grows at the rate of 3.5% per year, then its central bank should increase the quantity of money at the same rate every year. This will keep prices stable ...
The Future of Economic Policy Making by Left-of-Center
... inflation so long as it is accompanied by higher rates of economic growth. They have been very successful in pulling their economies out of deep recession, and register high rates of expansion. Whether they will be able to sustain such high rates of economic growth and preserve price stabilization i ...
... inflation so long as it is accompanied by higher rates of economic growth. They have been very successful in pulling their economies out of deep recession, and register high rates of expansion. Whether they will be able to sustain such high rates of economic growth and preserve price stabilization i ...
Economic Growth
... Increases in Per Capita Real GDP Increases in Per Capita Real GDP would be seen as an increase in that number. It is really a very crude measure of economic growth. ...
... Increases in Per Capita Real GDP Increases in Per Capita Real GDP would be seen as an increase in that number. It is really a very crude measure of economic growth. ...
Hosni Mubarak`s Economic and Social Policies in Perspective
... reforms. Consequently, the rate of economic growth, inflation, unemployment, and the exchange rate were inconsistent and economic development was limited. In the 1980s, the gross domestic product grew at an annual average rate of 7.7 percent in real terms, but it declined to only 4.2 percent in the ...
... reforms. Consequently, the rate of economic growth, inflation, unemployment, and the exchange rate were inconsistent and economic development was limited. In the 1980s, the gross domestic product grew at an annual average rate of 7.7 percent in real terms, but it declined to only 4.2 percent in the ...
Business Cycle/ Economic Indicators Chart
... 8.5 x 11 piece of paper. Under each phase you must place which economic indicators belong in each phase. Assume that economists have made the following reports about these leading economic indicators. Where would these indicators be placed on the business cycle? Put the number of the statement where ...
... 8.5 x 11 piece of paper. Under each phase you must place which economic indicators belong in each phase. Assume that economists have made the following reports about these leading economic indicators. Where would these indicators be placed on the business cycle? Put the number of the statement where ...
Planetfall Descriptions Economics
... supplies, as well as techniques for producing resources lacking in a faction’s territory. Large empires have an easier time handling such an economy, as their wider territory provides a greater access to necessary resources. Empires that use autarkic economies often loose lucrative trade with other ...
... supplies, as well as techniques for producing resources lacking in a faction’s territory. Large empires have an easier time handling such an economy, as their wider territory provides a greater access to necessary resources. Empires that use autarkic economies often loose lucrative trade with other ...
Hot Seat Perspectives – Questions and Answers
... consider raising rates. This is also being compounded by GDP growth of 4.6 percent in the second quarter, which is another omen for possible rate hikes. However, headline and core inflation, both at 1.7 percent, with headline inflation probably going lower because of the lower oil prices, would sugg ...
... consider raising rates. This is also being compounded by GDP growth of 4.6 percent in the second quarter, which is another omen for possible rate hikes. However, headline and core inflation, both at 1.7 percent, with headline inflation probably going lower because of the lower oil prices, would sugg ...
From Natural Resources to the Knowledge Economy
... No mkt forces assure elements of NIS work together ...
... No mkt forces assure elements of NIS work together ...
Economic Freedom Score Country Comparisons Freedom Trend 78.7
... required, but completing licensing requirements remains time-consuming and somewhat costly. Minimum wage increases have exceeded overall productivity growth in recent years. Government price supports for agriculture are less than 5 percent of total farm receipts, one of the lowest rates among OECD c ...
... required, but completing licensing requirements remains time-consuming and somewhat costly. Minimum wage increases have exceeded overall productivity growth in recent years. Government price supports for agriculture are less than 5 percent of total farm receipts, one of the lowest rates among OECD c ...
42737-articulo-fmi-en.pdf
... 33 percent (see Chart 1). Moreover, indigence—the level below which people cannot satisfy their food needs—also declined markedly, from about 19 percent in 2002 to less than 13 percent in 2008. Like poverty, income inequality has also declined in most countries in Latin America and the Caribbean du ...
... 33 percent (see Chart 1). Moreover, indigence—the level below which people cannot satisfy their food needs—also declined markedly, from about 19 percent in 2002 to less than 13 percent in 2008. Like poverty, income inequality has also declined in most countries in Latin America and the Caribbean du ...
PDF Download
... Deputy Prime Minister and Minister of Finance, Slovak Republic Let me start by saying that the best social policy is to have as many well-paid jobs as possible and that economic growth is the best way to get more and better jobs. This is a quote from the Lisbon Strategy. It is a very nice and ambiti ...
... Deputy Prime Minister and Minister of Finance, Slovak Republic Let me start by saying that the best social policy is to have as many well-paid jobs as possible and that economic growth is the best way to get more and better jobs. This is a quote from the Lisbon Strategy. It is a very nice and ambiti ...
Sin título de diapositiva
... • SOFOFA encourages both internationalization and modernization of the national industry, increases foreign businesses and represents the interests of the industrial sector • The representative nature of SOFOFA, its political independence, solid principles, businesslike approach and the prestige of ...
... • SOFOFA encourages both internationalization and modernization of the national industry, increases foreign businesses and represents the interests of the industrial sector • The representative nature of SOFOFA, its political independence, solid principles, businesslike approach and the prestige of ...
Preserving Bolivia`s Impressive Reduction in Poverty and
... Bolivia—one of the poorest countries in Latin America—has registered an impressive reduction in inequality and poverty during the past 15 years. A combination of sustained economic growth fueled by the commodity supercycle and targeted public policies contributed to these outstanding results. But no ...
... Bolivia—one of the poorest countries in Latin America—has registered an impressive reduction in inequality and poverty during the past 15 years. A combination of sustained economic growth fueled by the commodity supercycle and targeted public policies contributed to these outstanding results. But no ...
Cascade County - Bureau of Business and Economic Research
... Phillips, Pondera, Teton, and Toole counties. During the recession years of 2008 and 2009, total employment in health care grew 6 percent and 4 percent, respectively. A recent study conducted for Benefis, the major health care provider in Great Falls, concluded that in addition to its 2,700 jobs, th ...
... Phillips, Pondera, Teton, and Toole counties. During the recession years of 2008 and 2009, total employment in health care grew 6 percent and 4 percent, respectively. A recent study conducted for Benefis, the major health care provider in Great Falls, concluded that in addition to its 2,700 jobs, th ...
Economic Systems without Pictures
... unemployment would eventually lead to high levels of both inflation and unemployment ...
... unemployment would eventually lead to high levels of both inflation and unemployment ...
Ppt Presentation on Capitalism and Freedom
... By doing this, government is forcing those who have earned more money to share with others. Not earning what is due them will serve as a disincentive to work and poor allocation of resources. There is less inequality in capitalist countries because it has provided technologies that make work easier ...
... By doing this, government is forcing those who have earned more money to share with others. Not earning what is due them will serve as a disincentive to work and poor allocation of resources. There is less inequality in capitalist countries because it has provided technologies that make work easier ...
PDF
... expenditure, including the privatization of many government enterprises. These reforms sought to end inflation, achieve fiscal and trade balance, and improve economic efficiency throughout the economy. Little emphasis was placed on equity, at least prior to the 1990s. The reforms, seen today, were h ...
... expenditure, including the privatization of many government enterprises. These reforms sought to end inflation, achieve fiscal and trade balance, and improve economic efficiency throughout the economy. Little emphasis was placed on equity, at least prior to the 1990s. The reforms, seen today, were h ...
Chapter 1
... What does Friedman cite as a major objection to free markets? Does a free market eliminate the need for government? ...
... What does Friedman cite as a major objection to free markets? Does a free market eliminate the need for government? ...
Miracle of Chile
The “Miracle of Chile” was a term used by Nobel laureate economist Milton Friedman to describe the reorientation of the Chilean economy in the 1980s and the benefits of the economic policies applied by a large group of Chilean economists who collectively came to be known as the Chicago Boys, having studied at the University of Chicago where Friedman taught. He said the “Chilean economy did very well, but more important, in the end the central government, the military junta, was replaced by a democratic society. So the really important thing about the Chilean business is that free markets did work their way in bringing about a free society.” The junta to which Friedman refers was a military government that came to power in a 1973 coup d'état, which came to an end in 1990 after a democratic 1988 plebiscite removed Augusto Pinochet from the presidency.In the early 1970s, Chile experienced chronic inflation, reaching highs of 140 percent per annum, under socialist President Salvador Allende, whose government implemented high protectionist barriers, resulting in a lack of foreign-exchange reserves and falling GDP. The economic reforms implemented by the Chicago Boys had three main objectives: economic liberalization, privatization of state-owned companies, and stabilization of inflation. The first reforms were implemented in three rounds – 1974–83, 1985, and 1990. The reforms were continued and strengthened after 1990 by the post-Pinochet center government of Patricio Aylwin's Christian Democrats. However, the center-left government of Eduardo Frei Ruiz-Tagle also made a commitment to poverty reduction. In 1988, 48% of Chileans lived below the poverty line. By 2000 this had been reduced to 20%. The 1990s center-left governments implemented a 17% increase in the minimum wage, a 210% increase in social spending targeted at the low-income sectors of the population, and across the board tax increases, reversing the Pinochet tax cuts of 1988 and taxing an additional 3% of the country's GDP into government coffers. A 2004 World Bank report attributed 60% of Chile's 1990's poverty reduction to economic growth, and claimed that government programs aimed at poverty alleviation accounted for the rest.Hernán Büchi, Minister of Finance under Pinochet between 1985 and 1989, wrote a book detailing the implementation process of the economic reforms during his tenure. Successive governments have continued these policies. In 2002 Chile signed an association agreement with the European Union (comprising free trade and political and cultural agreements), in 2003, an extensive free trade agreement with the United States, and in 2004 with South Korea, expecting a boom in import and export of local produce and becoming a regional trade-hub. Continuing the coalition’s free-trade strategy, in August 2006 President Bachelet promulgated a free trade agreement with the People's Republic of China (signed under the previous administration of Ricardo Lagos), the first Chinese free-trade agreement with a Latin American nation; similar deals with Japan and India were promulgated in August 2007. In 2010, Chile was the first nation in South America to win membership in the Organization of Economic Cooperation and Development, an organization restricted to the world’s richest countries.Some economists (such as Nobel laureate Amartya Sen) have argued that the experience of Chile in this period indicates a failure of the economic liberalism posited by thinkers such as Friedman, claiming that there was little net economic growth from 1975 to 1982 (during the so-called “pure Monetarist experiment”). After the catastrophic banking crisis of 1982 the state controlled more of the economy than it had under the previous so-called ""socialist"" regime, and sustained economic growth only came after the later reforms that privatized the economy, while social indicators remained poor. Pinochet’s dictatorship made the unpopular economic reorientation possible by repressing opposition to it. Rather than a triumph of the free market, the OECD economist Javier Santiso described this reorientation as “combining neo-liberal [sic] sutures and interventionist cures”. By the time of sustained growth, the Chilean government had “cooled its neo-liberal [sic] ideological fever” and “controlled its exposure to world financial markets and maintained its efficient copper company in public hands”.