an econometric analysis of effect of changes in interest rates on
... various shocks in the economy. Food and energy price shocks are common examples of this type of inflation in Nigeria. A price of a commodity such as fuel may rise suddenly and sharply, relatively to other commodities prices response, may result to short term increase in overall prices Inflation in N ...
... various shocks in the economy. Food and energy price shocks are common examples of this type of inflation in Nigeria. A price of a commodity such as fuel may rise suddenly and sharply, relatively to other commodities prices response, may result to short term increase in overall prices Inflation in N ...
NBER WORKING PAPERS SERIES Eliana Cardoso Working Paper No. 3585
... Brazil has traditionally lived with high inflation rates. Between 1960 and 1964, increasingly populist administrations carried inflation from 2 to 6 percent per month. By 1968, inflation was down again to 1.5 percent, a level that persisted until the first oil shock. Then it doubled to 3 percent per ...
... Brazil has traditionally lived with high inflation rates. Between 1960 and 1964, increasingly populist administrations carried inflation from 2 to 6 percent per month. By 1968, inflation was down again to 1.5 percent, a level that persisted until the first oil shock. Then it doubled to 3 percent per ...
Chapter 22 - Samuel Moon Jung
... 1) The aggregate demand curve is the total quantity of an economy's A) intermediate goods demanded at different inflation rates. B) intermediate goods demanded at a particular inflation rate. C) final goods and services demanded at a particular inflation rate. D) final goods and services demanded at ...
... 1) The aggregate demand curve is the total quantity of an economy's A) intermediate goods demanded at different inflation rates. B) intermediate goods demanded at a particular inflation rate. C) final goods and services demanded at a particular inflation rate. D) final goods and services demanded at ...
INFLATION DYNAMICS IN VIETNAM Hien Thi Thu Le
... nonconvertible currency. However, GDP growth declined sharply. The average annual rate of real economic growth for two years before the crisis was 9.4%, but it fell markedly in 1998 and 1999, from 5.8 to 4.7%. To prevent an economic downturn, the government returned to expansionary fiscal policy and ...
... nonconvertible currency. However, GDP growth declined sharply. The average annual rate of real economic growth for two years before the crisis was 9.4%, but it fell markedly in 1998 and 1999, from 5.8 to 4.7%. To prevent an economic downturn, the government returned to expansionary fiscal policy and ...
Egypt`s Monetary Policy Regime - COMESA Monetary Institute (CMI)
... Figure 2 describes key channels of the transmission of changes in the official rate to inflation. The figure is from the Bank of England (2012) as it embodies the MPD’s view, which is ...
... Figure 2 describes key channels of the transmission of changes in the official rate to inflation. The figure is from the Bank of England (2012) as it embodies the MPD’s view, which is ...
Aggregate Supply
... Classical Economics—A Recap Most economists believe classical theory describes the world in the long run, but not the short run. ...
... Classical Economics—A Recap Most economists believe classical theory describes the world in the long run, but not the short run. ...
Robrt J. Gordon Working 1050 OF EVENTS AND
... many evils. Thus it is surprising that when Federal spending on goods and services is combined with that of state and local government, we find at the bottom of Table 1 (section II.B) that their share in GNP exhibited no increase at all between the 1957—67 decade and the most recent 1973—79 sub—peri ...
... many evils. Thus it is surprising that when Federal spending on goods and services is combined with that of state and local government, we find at the bottom of Table 1 (section II.B) that their share in GNP exhibited no increase at all between the 1957—67 decade and the most recent 1973—79 sub—peri ...
Objectives for Chapter 23: The Basic Theory of Monetarism Chapter
... lend the money out. So it continues lowering interest rates to try to attract borrowers. But because of these “pessimistic expectations”, there are no borrowers. In this case, the increase in the supply of money may not cause aggregate demand to rise. The severe recession may continue, with the Fede ...
... lend the money out. So it continues lowering interest rates to try to attract borrowers. But because of these “pessimistic expectations”, there are no borrowers. In this case, the increase in the supply of money may not cause aggregate demand to rise. The severe recession may continue, with the Fede ...
Chapter 19 Output and Inflation in the Short Run: Aggregate Supply
... supply curve downwards. The reason is that higher productivity enables output to grow without requiring a higher employment rate and hence without creating stronger wage cost pressure on firms. By analogy, a negative productivity shock (a negative value of s) will shift the SRAS curve upwards, becau ...
... supply curve downwards. The reason is that higher productivity enables output to grow without requiring a higher employment rate and hence without creating stronger wage cost pressure on firms. By analogy, a negative productivity shock (a negative value of s) will shift the SRAS curve upwards, becau ...
Monetary Policy Statement June 2015
... primarily because of low tradables inflation. Although the output gap had been rising, by the March 2015 Statement it was lower than previously estimated (figure A.2). Consequently, the Bank said at the April review that “it would be appropriate to lower the OCR if demand weakens, and wage and price ...
... primarily because of low tradables inflation. Although the output gap had been rising, by the March 2015 Statement it was lower than previously estimated (figure A.2). Consequently, the Bank said at the April review that “it would be appropriate to lower the OCR if demand weakens, and wage and price ...
NBER WORKING PAPER SERIES REAL BUSINESS CYCLES AND THE LUCAS PARADIGM
... and Plosser (1984).) Second, another significant property of this ...
... and Plosser (1984).) Second, another significant property of this ...
Inflation Targeting
... instrument, typically leads to corresponding movements in market interest rates, thus affecting the demand by households and firms for goods and services. This, together with the aggregate supply of goods and services, determines the level of prices. Nevertheless, movements in inflation can be drive ...
... instrument, typically leads to corresponding movements in market interest rates, thus affecting the demand by households and firms for goods and services. This, together with the aggregate supply of goods and services, determines the level of prices. Nevertheless, movements in inflation can be drive ...
Commentary: How Should Monetary Policy Be ∗ Michael Woodford
... seeks to stabilize output around a level consistent with stable prices, rather than a higher level, as proposed by Blinder (1998). For discretion also generally leads to incorrect dynamic responses to temporary shocks.2 The reason is that when the private sector is forwardlooking, and the central ba ...
... seeks to stabilize output around a level consistent with stable prices, rather than a higher level, as proposed by Blinder (1998). For discretion also generally leads to incorrect dynamic responses to temporary shocks.2 The reason is that when the private sector is forwardlooking, and the central ba ...
Chapter 9 Chapter Outline Figure 9.1 The FE line
... – Classical economists see rapid adjustment of the price level ...
... – Classical economists see rapid adjustment of the price level ...
