Does the United States Have a Productivity Slowdown or a
... The “other” adjustments in Figure 1 include improved Internet quality (Section 3) and ecommerce (Section 4), which together add about 5 basis points (bp) more in the post-2004 period than from 1995-2004. This adjustment is small, reflecting the conceptual challenges involved with bringing more of th ...
... The “other” adjustments in Figure 1 include improved Internet quality (Section 3) and ecommerce (Section 4), which together add about 5 basis points (bp) more in the post-2004 period than from 1995-2004. This adjustment is small, reflecting the conceptual challenges involved with bringing more of th ...
Change in IIP and WPI base year: What can be
... the primary articles and food products under the manufacturing products. As a result, the new WPI inflation depicts lower increase in prices leading to maximum difference of 1.5-1.6% in the old and new series. The most debated question now is whether these new high IIP and low WPI inflation numbers ...
... the primary articles and food products under the manufacturing products. As a result, the new WPI inflation depicts lower increase in prices leading to maximum difference of 1.5-1.6% in the old and new series. The most debated question now is whether these new high IIP and low WPI inflation numbers ...
After the Boom–Commodity Prices and Economic Growth in
... commodities are also likely to matter for growth. For instance, an increase in the price of imported commodities (e.g. oil or primary intermediate inputs) is likely to reduce profit margins for firms and disposable income for households, weighing on domestic demand and output growth. In order to cap ...
... commodities are also likely to matter for growth. For instance, an increase in the price of imported commodities (e.g. oil or primary intermediate inputs) is likely to reduce profit margins for firms and disposable income for households, weighing on domestic demand and output growth. In order to cap ...
Should monetary policy lean against the wind?
... depend on banks’ leverage. Our main contribution to the existing literature is thus to analyze how different instrument rules perform in a model with the simultaneous presence of a borrower balance-sheet and a bank credit-supply channel. In doing so we show that, when credit supply effects are presen ...
... depend on banks’ leverage. Our main contribution to the existing literature is thus to analyze how different instrument rules perform in a model with the simultaneous presence of a borrower balance-sheet and a bank credit-supply channel. In doing so we show that, when credit supply effects are presen ...
ExamView Pro - EC1001 Exam 2007.tst
... c. permanently decreases output. d. permanently raises unemployment. 15. The slope of the supply of loanable funds curve represents the a. positive relation between the real interest rate and investment. b. positive relation between the real interest rate and saving. c. negative relation between the ...
... c. permanently decreases output. d. permanently raises unemployment. 15. The slope of the supply of loanable funds curve represents the a. positive relation between the real interest rate and investment. b. positive relation between the real interest rate and saving. c. negative relation between the ...
the Lecture Notes
... • Keynesian approach to monetary policy – Increased money supply may shift the aggregate demand to the right, but the impact is less certain – Purchases of bonds with extra cash balances will push up prices and reduce interest rates: • Cost-of-capital effect—increased investment spending • Wealth ef ...
... • Keynesian approach to monetary policy – Increased money supply may shift the aggregate demand to the right, but the impact is less certain – Purchases of bonds with extra cash balances will push up prices and reduce interest rates: • Cost-of-capital effect—increased investment spending • Wealth ef ...
CHAPTER 26
... • Keynesian approach to monetary policy – Increased money supply may shift the aggregate demand to the right, but the impact is less certain – Purchases of bonds with extra cash balances will push up prices and reduce interest rates: • Cost-of-capital effect—increased investment spending • Wealth ef ...
... • Keynesian approach to monetary policy – Increased money supply may shift the aggregate demand to the right, but the impact is less certain – Purchases of bonds with extra cash balances will push up prices and reduce interest rates: • Cost-of-capital effect—increased investment spending • Wealth ef ...
Inflation Cycles
... occurred in the United States during the 1970s when the Fed responded to the OPEC oil price rise by increasing the quantity of money. © 2012 Pearson Education ...
... occurred in the United States during the 1970s when the Fed responded to the OPEC oil price rise by increasing the quantity of money. © 2012 Pearson Education ...
NBER WORKING PAPER SERIES SHARING SOME THOUGHTS ON WEITZMANtS THE SHARE ECONOMY
... highlights the circular flow of income and expenditures. The introduction of the non—produced good creates a leakage from this stream and avoids the prediction of a continuum of equilibria as in Cooper-John (1985). Workers are endowed with a unit of leisure time that they supply ...
... highlights the circular flow of income and expenditures. The introduction of the non—produced good creates a leakage from this stream and avoids the prediction of a continuum of equilibria as in Cooper-John (1985). Workers are endowed with a unit of leisure time that they supply ...
Free Full Text ( Final Version , 817kb )
... deflator, producer price indices (PPI), core price indices (CI) and retail price index (RPI). GDP deflator, calculated by (nominal GDP/real GDP)*100, targets all goods that were produced domestically, which are different from CPI “fixed” basket of goods and services. PPI refers to the ex-factory pri ...
... deflator, producer price indices (PPI), core price indices (CI) and retail price index (RPI). GDP deflator, calculated by (nominal GDP/real GDP)*100, targets all goods that were produced domestically, which are different from CPI “fixed” basket of goods and services. PPI refers to the ex-factory pri ...
2.3 Macroeconomic Objectives (Phillips Curve)
... You are only classified as unemployed if you go and register with the government as available for work. The labor force is defined as those of 16 years of age or older who are employed plus all those who are unemployed seeking work. Unemployment rate : the number of people with no work expressed as ...
... You are only classified as unemployed if you go and register with the government as available for work. The labor force is defined as those of 16 years of age or older who are employed plus all those who are unemployed seeking work. Unemployment rate : the number of people with no work expressed as ...
Inflation & unemployment
... The AD curve shifts rightward and the SAS curve shifts leftward so that the price level rises as expected and real GDP remains at potential GDP. © 2010 Pearson Addison-Wesley ...
... The AD curve shifts rightward and the SAS curve shifts leftward so that the price level rises as expected and real GDP remains at potential GDP. © 2010 Pearson Addison-Wesley ...
Chapter 6 Lecture
... – are downward sloping — if you have less cloth, then you must have more food to be equally satisfied. – that lie farther from the origin make consumers more satisfied — they prefer having more of both goods. ...
... – are downward sloping — if you have less cloth, then you must have more food to be equally satisfied. – that lie farther from the origin make consumers more satisfied — they prefer having more of both goods. ...
Oil and US GDP: A Real-Time Out-of-Sample Examination Francesco Ravazzolo Philip Rothman
... The goal of this paper is to investigate the predictive relationship between oil prices and US GDP by way of a simulated out-of-sample (OOS) forecasting study. We are motivated to do so by the set of mixed and conflicting results reported by leading scholars in the extensive primarily in-sample (IS) ...
... The goal of this paper is to investigate the predictive relationship between oil prices and US GDP by way of a simulated out-of-sample (OOS) forecasting study. We are motivated to do so by the set of mixed and conflicting results reported by leading scholars in the extensive primarily in-sample (IS) ...
Chapter 9 Buffer stocks and price stability
... As outlined in Chapters 3 to 7, there have been two striking developments in economics over the last thirty years. First, a major theoretical revolution has occurred in macroeconomics (from Keynesianism to Monetarism and beyond) since the mid 1970s. Second, unemployment rates have persisted at the h ...
... As outlined in Chapters 3 to 7, there have been two striking developments in economics over the last thirty years. First, a major theoretical revolution has occurred in macroeconomics (from Keynesianism to Monetarism and beyond) since the mid 1970s. Second, unemployment rates have persisted at the h ...
Mankiw 6e PowerPoints - Texas Tech University
... Real GDP controls for inflation Changes in nominal GDP can be due to: changes in prices changes in quantities of output produced Changes in real GDP can only be due to changes in quantities, because real GDP is constructed using constant base-year prices. ...
... Real GDP controls for inflation Changes in nominal GDP can be due to: changes in prices changes in quantities of output produced Changes in real GDP can only be due to changes in quantities, because real GDP is constructed using constant base-year prices. ...
Structural Estimates of the U.S. Sacrifice Ratio
... possibly the trendgrowthrate of output.Thereis also a strong belief that engineeringinflationreductionsinvolves short-term costs associated with losses in output. Policy makers' decisions on the timing and extent of inflation reduction depend on a balancing of the benefits and costs of moving to a n ...
... possibly the trendgrowthrate of output.Thereis also a strong belief that engineeringinflationreductionsinvolves short-term costs associated with losses in output. Policy makers' decisions on the timing and extent of inflation reduction depend on a balancing of the benefits and costs of moving to a n ...
NBER WORKING PAPER SERIES NONLINEAR ADVENTURES AT THE ZERO LOWER BOUND
... given some initial conditions and assuming that in these periods, shocks are set to zero. Although a big step toward understanding the ZLB, the existing solutions have made simplifying assumptions that may have unexpected implications. First, linearizing equilibrium conditions such as the Euler equa ...
... given some initial conditions and assuming that in these periods, shocks are set to zero. Although a big step toward understanding the ZLB, the existing solutions have made simplifying assumptions that may have unexpected implications. First, linearizing equilibrium conditions such as the Euler equa ...
Aggregate Supply and Demand Analysis revisited - E
... sales. In the aggregate, therefore, there will be a systematic relationship between the number of workers (N) that firms want to hire and the expected total volume of sales (Z). This relationship is called the aggregate supply curve and is drawn as the Z-curve in figure 1 below. It is upward sloping ...
... sales. In the aggregate, therefore, there will be a systematic relationship between the number of workers (N) that firms want to hire and the expected total volume of sales (Z). This relationship is called the aggregate supply curve and is drawn as the Z-curve in figure 1 below. It is upward sloping ...