FRBSF E L CONOMIC ETTER
... “bond rate conundrum.” Essentially, long-term interest rates have been surprisingly—and inexplicably— low relative to the path of short-term rates expected by the markets. If the relationship were to return swiftly to something closer to the historical norm —that is, if long-term rates were to rise ...
... “bond rate conundrum.” Essentially, long-term interest rates have been surprisingly—and inexplicably— low relative to the path of short-term rates expected by the markets. If the relationship were to return swiftly to something closer to the historical norm —that is, if long-term rates were to rise ...
ECON 404: Lecture on Deflation
... • Imperfectly expected inflation creates instability (show on AS/AS model): investors and consumers enter a game with the monetary authorities. •Hyperinflation makes investment very risky, and undermines financial system. • Cagan’s hypothesis that money demand would decrease with hyperinflation: use ...
... • Imperfectly expected inflation creates instability (show on AS/AS model): investors and consumers enter a game with the monetary authorities. •Hyperinflation makes investment very risky, and undermines financial system. • Cagan’s hypothesis that money demand would decrease with hyperinflation: use ...
Speech to the Hong Kong Association of Northern California
... markets dwindle. For example, the civilian unemployment rate dropped by 1 percentage point to 4.6 percent in September. This rate is a bit lower than conventional estimates of so-called “full employment” and, therefore, suggests that by now labor markets may even have moved a bit to the tight side. ...
... markets dwindle. For example, the civilian unemployment rate dropped by 1 percentage point to 4.6 percent in September. This rate is a bit lower than conventional estimates of so-called “full employment” and, therefore, suggests that by now labor markets may even have moved a bit to the tight side. ...
economics 100 / resources / powerpoints
... wage-price spiral = an example of cost-push inflation ...
... wage-price spiral = an example of cost-push inflation ...
Mrs. Thompson`s Notes on Defining, Calculating, and Measuring
... b. If the inflation rate is higher than expected, borrowers win! The money they pay back has lower real value (less purchasing power) than the money they borrowed. i. For this reason, long-term contracts are rare in regions with high inflation. ii. If lenders attempt to battle this by setting highe ...
... b. If the inflation rate is higher than expected, borrowers win! The money they pay back has lower real value (less purchasing power) than the money they borrowed. i. For this reason, long-term contracts are rare in regions with high inflation. ii. If lenders attempt to battle this by setting highe ...
Y BRIEFS MPDD POLIC Forward-looking Macroeconomic Policies – Re-examining
... European governments set at the start of the 1990s to prepare for economic and monetary union and the eventual formation of the euro zone. There was no ...
... European governments set at the start of the 1990s to prepare for economic and monetary union and the eventual formation of the euro zone. There was no ...
MPR Summary - October 2015
... Inflation has evolved in line with the outlook in the July Monetary Policy Report (MPR). Total CPI inflation remains near the bottom of the Bank’s target range, owing to declines in consumer energy prices. Core inflation is close to 2 per cent as the transitory effects of the past depreciation of th ...
... Inflation has evolved in line with the outlook in the July Monetary Policy Report (MPR). Total CPI inflation remains near the bottom of the Bank’s target range, owing to declines in consumer energy prices. Core inflation is close to 2 per cent as the transitory effects of the past depreciation of th ...
eurozone inflation falls to 1.1%—so what?
... to consumers in the form of higher prices, or inflation. To summarise the differing viewpoints, the monetarist view is that the supply of money dictates demand for products and thus drives prices and inflation, whereas the resource slack view is that the availability of capital and labour dictate pr ...
... to consumers in the form of higher prices, or inflation. To summarise the differing viewpoints, the monetarist view is that the supply of money dictates demand for products and thus drives prices and inflation, whereas the resource slack view is that the availability of capital and labour dictate pr ...
Econ 375 Sample Exam 3 Questions 1. Some firms do not instantly
... Sample Exam 3 Questions 1. Some firms do not instantly adjust the prices they charge in response to changes in demand for all of the following reasons except: A) it is costly to alter prices. B) they do not want to annoy their frequent customers. C) prices do not adjust when there is perfect competi ...
... Sample Exam 3 Questions 1. Some firms do not instantly adjust the prices they charge in response to changes in demand for all of the following reasons except: A) it is costly to alter prices. B) they do not want to annoy their frequent customers. C) prices do not adjust when there is perfect competi ...
Will we be hit by hyperinflation?
... no more than 12%. The latter has moreover been stagnating in the euro area since autumn 2008. The increase in the ECB's total assets therefore does not pose any threat to inflation. In the course of the recovery process it will however not be so easy for the ECB to decide whether the seeds of inflat ...
... no more than 12%. The latter has moreover been stagnating in the euro area since autumn 2008. The increase in the ECB's total assets therefore does not pose any threat to inflation. In the course of the recovery process it will however not be so easy for the ECB to decide whether the seeds of inflat ...
