This PDF is a selec on from a published volume... Bureau of Economic Research
... One can take either a positive or a normative view about the comparisons. According to the former, a good model should be able to explain the Great Inflation and the subsequent period, while according to the latter it is useful to find a policy rule that would have avoided the Great Inflation. The m ...
... One can take either a positive or a normative view about the comparisons. According to the former, a good model should be able to explain the Great Inflation and the subsequent period, while according to the latter it is useful to find a policy rule that would have avoided the Great Inflation. The m ...
Inflation Notes
... During the hyperinflation, German workers would be paid in three shifts during the day. For example, after working the morning shift, workers would race to spend their fresh salary, which would be worthless within another few hours. There are pictures of children building play forts with bricks of w ...
... During the hyperinflation, German workers would be paid in three shifts during the day. For example, after working the morning shift, workers would race to spend their fresh salary, which would be worthless within another few hours. There are pictures of children building play forts with bricks of w ...
Chapter 28
... By diluting the gold with other metals, the government could increase the total number of coins issued without also needing to increase the amount of gold used to make them. When the cost of each coin is lowered in this way, the government profits from an increase in seigniorage (/ˈseɪnjərɪdʒ/), th ...
... By diluting the gold with other metals, the government could increase the total number of coins issued without also needing to increase the amount of gold used to make them. When the cost of each coin is lowered in this way, the government profits from an increase in seigniorage (/ˈseɪnjərɪdʒ/), th ...
29 U.S. INFLATION, UNEMPLOYMENT, AND BUSINESS CYCLES**
... Anything that decreases short-run aggregate supply can set off a cost-push inflation. For instance, an increase in the money wage rate, an increase in the money price of raw materials could all be the start of a cost-push inflation. But to sustain such an inflation, the quantity of money must keep i ...
... Anything that decreases short-run aggregate supply can set off a cost-push inflation. For instance, an increase in the money wage rate, an increase in the money price of raw materials could all be the start of a cost-push inflation. But to sustain such an inflation, the quantity of money must keep i ...
Deflation Coming - Federal Reserve Bank of St. Louis
... GDP price indexes over a longer-term horizon. Privatesector forecasters, as reflected by the Blue Chip consensus, are largely in agreement with this outlook. In fact, even those projecting the least inflation foresee prices increasing by an average of about 2 percent or slightly higher over the next ...
... GDP price indexes over a longer-term horizon. Privatesector forecasters, as reflected by the Blue Chip consensus, are largely in agreement with this outlook. In fact, even those projecting the least inflation foresee prices increasing by an average of about 2 percent or slightly higher over the next ...
Time Inconsistency and the Exchange Rate Channel of
... Central to this literature is the ‘‘New Keynesian Phillips curve’’, which states that current inflation depends on the output gap (or some other measure of marginal costs) and expected future inflation. The New Keynesian Phillips curve is clearly attractive on theoretical grounds, since it can be de ...
... Central to this literature is the ‘‘New Keynesian Phillips curve’’, which states that current inflation depends on the output gap (or some other measure of marginal costs) and expected future inflation. The New Keynesian Phillips curve is clearly attractive on theoretical grounds, since it can be de ...
Chapter 30: Money Growth and Inflation Principles of Economics, 7
... The supply of goods and services are unaffected by the money supply so, their actions will increase the demand for goods and service, thereby, increasing prices. The Classical Dichotomy and Monetary Neutrality i. This is a good exercise in logical thinking. ...
... The supply of goods and services are unaffected by the money supply so, their actions will increase the demand for goods and service, thereby, increasing prices. The Classical Dichotomy and Monetary Neutrality i. This is a good exercise in logical thinking. ...
Homework 5
... a. Draw graphs of Hong Kong’s money market and Hong Kong’s foreign exchange market to show the impact of this event keeping in mind that it will be the policy of Hong Kong’s central bank to keep the exchange rate fixed. The lower US interest rates would make HK dollar deposits more attractive to bot ...
... a. Draw graphs of Hong Kong’s money market and Hong Kong’s foreign exchange market to show the impact of this event keeping in mind that it will be the policy of Hong Kong’s central bank to keep the exchange rate fixed. The lower US interest rates would make HK dollar deposits more attractive to bot ...
Euro-zone Economic Outlook April 2014: Detailed analyses, figures and tables (PDF, 433 KB)
... The Eurozone recovery is expected to pick up in the first quarter of 2014 with a GDP growth rate of +0.4% (after +0.2% and +0.1% respectively in the previous two quarters). Growth is forecasted to decelerate slightly in the following two quarters. The recovery is expected to be broad based across se ...
... The Eurozone recovery is expected to pick up in the first quarter of 2014 with a GDP growth rate of +0.4% (after +0.2% and +0.1% respectively in the previous two quarters). Growth is forecasted to decelerate slightly in the following two quarters. The recovery is expected to be broad based across se ...
Chapter 12
... Central Bank Independence • Countries with Central Banks (the general name for institutions like the US Federal Reserve) that are more independent of political control have higher rates of economic growth. • This is because political influences tend to create inflationary tendencies which raises in ...
... Central Bank Independence • Countries with Central Banks (the general name for institutions like the US Federal Reserve) that are more independent of political control have higher rates of economic growth. • This is because political influences tend to create inflationary tendencies which raises in ...
Time for a Rate Hike
... looks like the PCE index will be up 0.4% in January and 1.9% compared to a year ago. And if that's not close enough, all we need in February is a mere 0.1% monthly increase and the PCE will be over the 2% mark. Meanwhile, the jobless rate is already 4.8%, exactly the level the consensus at the Fed t ...
... looks like the PCE index will be up 0.4% in January and 1.9% compared to a year ago. And if that's not close enough, all we need in February is a mere 0.1% monthly increase and the PCE will be over the 2% mark. Meanwhile, the jobless rate is already 4.8%, exactly the level the consensus at the Fed t ...
price inflation and gdp growth-what matters most
... producing high inflation is a government that has lost control of macroeconomic management. Macroeconomic stability exists in a country if it manages to resolve the macroeconomic crisis that emerged within a year or two, which was the case of India. Some studies argue that it is not clear whether ap ...
... producing high inflation is a government that has lost control of macroeconomic management. Macroeconomic stability exists in a country if it manages to resolve the macroeconomic crisis that emerged within a year or two, which was the case of India. Some studies argue that it is not clear whether ap ...
The Dynamics of Inflation and Unemployment
... on its central bank to finance its debt. Instead, debt was sold to private parties who would value the debt based on the ability of the government to meet interest and principal payments from taxes. Once the governments made these reforms, there was an abrupt end to the hyperinflations and an actual ...
... on its central bank to finance its debt. Instead, debt was sold to private parties who would value the debt based on the ability of the government to meet interest and principal payments from taxes. Once the governments made these reforms, there was an abrupt end to the hyperinflations and an actual ...
Second Prelim Fall 2012
... TOKYO—The Bank of Japan announced an aggressive expansion of its monetary-easing program, acting with surprising speed after its analysis suggested that any economic recovery is at least six months away amid a global slowdown. The BOJ's move Wednesday follows similar actions by other major central b ...
... TOKYO—The Bank of Japan announced an aggressive expansion of its monetary-easing program, acting with surprising speed after its analysis suggested that any economic recovery is at least six months away amid a global slowdown. The BOJ's move Wednesday follows similar actions by other major central b ...
PDF
... has been as profitable to hold land unworked as to undertake all the effort and risk of farming it." He goes on to conclude that, "What landholders in agriculture have most to fear from inflation ... is that it will be checked." My interpretation of the data leads to a different set of conclusions. ...
... has been as profitable to hold land unworked as to undertake all the effort and risk of farming it." He goes on to conclude that, "What landholders in agriculture have most to fear from inflation ... is that it will be checked." My interpretation of the data leads to a different set of conclusions. ...
Ch25 - 山东大学课程中心
... Chapter 25 Rational Expectations: Implications for Policy 1. If the public expects the Fed to pursue a policy that is likely to raise short-term interest rates permanently to 12% but the Fed does not go through with this policy change, what will happen to long-term interest rates? Explain your answe ...
... Chapter 25 Rational Expectations: Implications for Policy 1. If the public expects the Fed to pursue a policy that is likely to raise short-term interest rates permanently to 12% but the Fed does not go through with this policy change, what will happen to long-term interest rates? Explain your answe ...
Euro-zone Economic Outlook January 2005: A less supportive environment (PDF, 133 KB)
... Italian Isae institute. The forecasts are built up with the help of different forecasting tools shared by the three institutes, using time series models based on business surveys by national institutes, Eurostat and the European Commission. A joint two-quarter-ahead forecast will be made on a quarte ...
... Italian Isae institute. The forecasts are built up with the help of different forecasting tools shared by the three institutes, using time series models based on business surveys by national institutes, Eurostat and the European Commission. A joint two-quarter-ahead forecast will be made on a quarte ...
