![Presentation to a Salt Lake City Community Leaders Luncheon](http://s1.studyres.com/store/data/008913906_1-eb220fbc90249d190cd56dfcdb9306a8-300x300.png)
Presentation to a Salt Lake City Community Leaders Luncheon
... disrupted or destroyed, and the infrastructure took a severe beating. Hurricane Rita, of course, compounded the economic damage. Staring into the face of such disasters, it is natural at first to want to use every tool at hand to try to help—which is precisely what the people of Utah did. I understa ...
... disrupted or destroyed, and the infrastructure took a severe beating. Hurricane Rita, of course, compounded the economic damage. Staring into the face of such disasters, it is natural at first to want to use every tool at hand to try to help—which is precisely what the people of Utah did. I understa ...
Chapter 18
... practice, however, central banks cannot target a negative interest rate. The reason is that banks and individuals can always hold cash (with a zero rate), so they would not lend to others at an interest rate less than zero. As a result, the policy rate has a floor at zero, known as the zero bound. I ...
... practice, however, central banks cannot target a negative interest rate. The reason is that banks and individuals can always hold cash (with a zero rate), so they would not lend to others at an interest rate less than zero. As a result, the policy rate has a floor at zero, known as the zero bound. I ...
The Case for NGDP Targeting
... recession. But we do know that NGDP targeting would have required a much more expansionary monetary policy stance that what we actually saw in most countries during late 2008 and 2009. Thus we can look at those countries that did provide somewhat easier money, to see if their experience was better t ...
... recession. But we do know that NGDP targeting would have required a much more expansionary monetary policy stance that what we actually saw in most countries during late 2008 and 2009. Thus we can look at those countries that did provide somewhat easier money, to see if their experience was better t ...
Overview of Inflation
... hold its value, such as a stable foreign currency. This used up valuable resources—the time and labor of runners—that could have been used productively elsewhere. Menu Cost: the real cost of changing list prices What would the sellers of gas and café lattes need to do? Change their menus or signs. ...
... hold its value, such as a stable foreign currency. This used up valuable resources—the time and labor of runners—that could have been used productively elsewhere. Menu Cost: the real cost of changing list prices What would the sellers of gas and café lattes need to do? Change their menus or signs. ...
Inflation and deflation
... What is economic inactivity? The economically inactive are those not seeking a job through early retirement, being carers, long-term sickness or in full-time study. Explain the unemployment rate. The unemployment rate is the proportion of the labour force unemployed and is found by the formula total ...
... What is economic inactivity? The economically inactive are those not seeking a job through early retirement, being carers, long-term sickness or in full-time study. Explain the unemployment rate. The unemployment rate is the proportion of the labour force unemployed and is found by the formula total ...
Republica_Dominicana_en.pdf
... Thanks to the economic adjustment, the current account deficit narrowed from 6.8% of GDP in 2012 to 4.3% of GDP in 2013. The deficit was funded by greater inflows of foreign portfolio investment, which surpassed US$ 2 billion. Foreign direct investment, on the other hand, declined by around US$ 1 bi ...
... Thanks to the economic adjustment, the current account deficit narrowed from 6.8% of GDP in 2012 to 4.3% of GDP in 2013. The deficit was funded by greater inflows of foreign portfolio investment, which surpassed US$ 2 billion. Foreign direct investment, on the other hand, declined by around US$ 1 bi ...
Inflation, Unemployment, and Stabilization Policies: Types of
... large quantity of money, imposing a large inflation tax, to cover a large budget deficit. The seignorage collected by gov’t over a short period of time equals the change in MS over that same period. ...
... large quantity of money, imposing a large inflation tax, to cover a large budget deficit. The seignorage collected by gov’t over a short period of time equals the change in MS over that same period. ...
Reassessing Discretionary Fiscal Policy
... countercyclical monetary policy: (1) Goldilocks economy--ideal, no change (2) Too cold--cut interest rates (3) Too hot--raise interest rates ...
... countercyclical monetary policy: (1) Goldilocks economy--ideal, no change (2) Too cold--cut interest rates (3) Too hot--raise interest rates ...
Economic Changes and Cycles
... Inflation can originate on either the demand side of the economy or the supply side of the economy. If aggregate demand increases and aggregate supply stays the same, inflation will occur. Demand-side inflation occurs when an increase in the price level originates on the demand side of the economy. ...
... Inflation can originate on either the demand side of the economy or the supply side of the economy. If aggregate demand increases and aggregate supply stays the same, inflation will occur. Demand-side inflation occurs when an increase in the price level originates on the demand side of the economy. ...
chapter 5 problems
... b) Tornadoes destroy many factories in the country, while a severe drought ruins many crops. c) Miraculous new technological developments raise productivity in manufacturing. d) Because of worries over the deficit, the government sharply curtails its expenditures on social programs. 2. Is it more li ...
... b) Tornadoes destroy many factories in the country, while a severe drought ruins many crops. c) Miraculous new technological developments raise productivity in manufacturing. d) Because of worries over the deficit, the government sharply curtails its expenditures on social programs. 2. Is it more li ...
Spring 2007
... c) Each year the budget deficit of the federal government adds to the federal debt. d) Each year the change in the federal budget deficit is equal to the level of the federal debt. 11) Beginning in England in the mid-18th century, technical change and capital accumulation sharply increased productiv ...
... c) Each year the budget deficit of the federal government adds to the federal debt. d) Each year the change in the federal budget deficit is equal to the level of the federal debt. 11) Beginning in England in the mid-18th century, technical change and capital accumulation sharply increased productiv ...
12 - Brad DeLong
... policy mix that would keep the target level of production and employment unchanged, but that with lower interest rates would promise higher investment and faster productivity growth: an "investment-led recovery." ...
... policy mix that would keep the target level of production and employment unchanged, but that with lower interest rates would promise higher investment and faster productivity growth: an "investment-led recovery." ...
Euro-zone Economic Outlook April 2008: Slogging through a weakening world economy (PDF, 104 KB)
... Slogging through a weakening world economy After displaying some resilience at the beginning of 2008, the euro zone is set to lose momentum gradually under the influence of a worsening international environment. Industrial production, after a rebound in Q1 (0.7%), will slow down in Q2 (0.5%) and Q3 ...
... Slogging through a weakening world economy After displaying some resilience at the beginning of 2008, the euro zone is set to lose momentum gradually under the influence of a worsening international environment. Industrial production, after a rebound in Q1 (0.7%), will slow down in Q2 (0.5%) and Q3 ...
Investments
... Higher taxes on incomes serve to dampen inflation expectations in general Higher taxes on goods and services (VAT) will increase very short-term inflation, but erode consumer spending power in the medium-term All these measures are unpopular – the economic environment will depend on the extent of an ...
... Higher taxes on incomes serve to dampen inflation expectations in general Higher taxes on goods and services (VAT) will increase very short-term inflation, but erode consumer spending power in the medium-term All these measures are unpopular – the economic environment will depend on the extent of an ...
Interest rates: are investors in for a nasty shock?
... surprise. Investors need to be alive to the risk and some may want to take protective measures. An allocation to inflation-linked assets, such as commodities or inflationprotected bonds, may help, but we suspect that an anti-inflation portfolio run by a specialist manager is likely to provide greate ...
... surprise. Investors need to be alive to the risk and some may want to take protective measures. An allocation to inflation-linked assets, such as commodities or inflationprotected bonds, may help, but we suspect that an anti-inflation portfolio run by a specialist manager is likely to provide greate ...