NBER WORKING PAPER SERIES MARKETS Rahul Anand
... ABSTRACT In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with ...
... ABSTRACT In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with ...
Chapter 10 Classical Business Cycle Analysis
... (a) large gold discoveries that increased the money supply preceded an economic boom. (b) a change in monetary institutions preceded a boom or recession. (c) a change in the leadership of the Fed and its policy was followed by noticeable changes in the money supply and a recession or inflation. (d) ...
... (a) large gold discoveries that increased the money supply preceded an economic boom. (b) a change in monetary institutions preceded a boom or recession. (c) a change in the leadership of the Fed and its policy was followed by noticeable changes in the money supply and a recession or inflation. (d) ...
Drought, Chinese Mums, and the price of milk
... make a positive contribution to GDP. The second round effects of lower production, such as reduced food manufacturing, will also be most obvious in the June and September quarters. Higher dairy incomes will go a long way to offsetting lower production in both the dairy and meat sectors, particularly ...
... make a positive contribution to GDP. The second round effects of lower production, such as reduced food manufacturing, will also be most obvious in the June and September quarters. Higher dairy incomes will go a long way to offsetting lower production in both the dairy and meat sectors, particularly ...
NBER WORKING PAPER SERIES MARKET POWER AND EXCHANGE RATE ADJUSTMENT
... smaller exchange rate adjustment. In the quota regime we observe adjustment of the quota rent such as to keep the net domestic demand for foreign goods intact. As a result, the relative price (of the domestic good to the foreign good) facing the foreign consumer adjusts more in the quota regime than ...
... smaller exchange rate adjustment. In the quota regime we observe adjustment of the quota rent such as to keep the net domestic demand for foreign goods intact. As a result, the relative price (of the domestic good to the foreign good) facing the foreign consumer adjusts more in the quota regime than ...
Econ 002 – INTRO MACRO –Prof. Luca Bossi
... c. both of them could be telling the truth if the labor force grew slower than employment. d. both of them could be telling the truth if the labor force grew faster than employment. 15) Most spells of unemployment are a. long, and most unemployment observed at any given time is long term. b. long, b ...
... c. both of them could be telling the truth if the labor force grew slower than employment. d. both of them could be telling the truth if the labor force grew faster than employment. 15) Most spells of unemployment are a. long, and most unemployment observed at any given time is long term. b. long, b ...
The Stock Market As A Leading Indicator
... change in recent experience, then, can cause investors to change their expectations about the future real economy, which then causes them to bid up or down the prices of stocks. To the extent that these models are true, the economy may also lead the stock market. The "wealth effect" from fluctuation ...
... change in recent experience, then, can cause investors to change their expectations about the future real economy, which then causes them to bid up or down the prices of stocks. To the extent that these models are true, the economy may also lead the stock market. The "wealth effect" from fluctuation ...
Chapter 23 Aggregate Supply and Demand and the Growth Diamond
... the short term, and when pressed into service for the long-term, or changes in the price level, it suggests that policy initiatives are more likely to mess matters up than to improve them. In response, economists developed a new theory, aggregate demand and supply, that relates the price level to th ...
... the short term, and when pressed into service for the long-term, or changes in the price level, it suggests that policy initiatives are more likely to mess matters up than to improve them. In response, economists developed a new theory, aggregate demand and supply, that relates the price level to th ...
General Economics: Exercise Book by Egor Sidorov
... summing up the basic spheres of economic theory. In principle the book covers the whole range of problems discussed in the general economics course. Each chapters of the book is divided into two parts. The first part of the chapter contains discussion points on chosen problems. These questions have ...
... summing up the basic spheres of economic theory. In principle the book covers the whole range of problems discussed in the general economics course. Each chapters of the book is divided into two parts. The first part of the chapter contains discussion points on chosen problems. These questions have ...
AP Review wk 4
... • We said earlier that the economy is self-correcting in the long-run – Most macroeconomists believe, however, that the process takes a decade or more. – During recessions, the economy can suffer an extended period of depressed aggregate output and high unemployment before it returns to ...
... • We said earlier that the economy is self-correcting in the long-run – Most macroeconomists believe, however, that the process takes a decade or more. – During recessions, the economy can suffer an extended period of depressed aggregate output and high unemployment before it returns to ...
Chapter 13 - the School of Economics and Finance
... also have their wages adjusted only once a year. If …rms adjust wages only slowly, a rise in the PL will increase the pro…tability of hiring more workers and producing more output, and a fall in the price level will decrease the pro…tability of hiring more workers and producing more output. 3. Menu ...
... also have their wages adjusted only once a year. If …rms adjust wages only slowly, a rise in the PL will increase the pro…tability of hiring more workers and producing more output, and a fall in the price level will decrease the pro…tability of hiring more workers and producing more output. 3. Menu ...
Quantity Demanded
... 1. Joe eats one can of Spam per week. Recently, Joe received a significant raise in his income. Over the course of the following month, Joe purchased only one can of Spam. Does this situation contradict the law of demand? Why or why not ? 2. When MP3 players became available, the sales of CDs droppe ...
... 1. Joe eats one can of Spam per week. Recently, Joe received a significant raise in his income. Over the course of the following month, Joe purchased only one can of Spam. Does this situation contradict the law of demand? Why or why not ? 2. When MP3 players became available, the sales of CDs droppe ...
NBER WORKING PAPER SERIES Peter N. Ireland Working Paper 16420
... well. The analysis does point to another difference, however, relating to the zero lower bound on the nominal interest rate. This constraint on monetary policy became binding during the 2007-09 recession, though not before. And the estimated model suggests that because of this constraint, monetary p ...
... well. The analysis does point to another difference, however, relating to the zero lower bound on the nominal interest rate. This constraint on monetary policy became binding during the 2007-09 recession, though not before. And the estimated model suggests that because of this constraint, monetary p ...
NBER WORKING PAPER SERIES ON THE BENEFITS OF DOLLARIZATION WHEN
... prospective borrowers which vary with interest rates and downpayments. ...
... prospective borrowers which vary with interest rates and downpayments. ...
NBER WORKING PAPER SERIES THE OPEN ECONOMY: IMPLICATIONS FOR FISCAL Stanley Fischer
... equation that goes unamended is the money demand equation. Foreign prices, foreign activity, and foreign asset yields in the goods and asset markets appear as important determinants of domestic activity, prices, and interest rates. We show that international interactions exert an important effect on ...
... equation that goes unamended is the money demand equation. Foreign prices, foreign activity, and foreign asset yields in the goods and asset markets appear as important determinants of domestic activity, prices, and interest rates. We show that international interactions exert an important effect on ...
The Impact of Institutional Ownership on the Extent to Which Stock
... statements, and also includes those that related to the company's future expectations of market participants and valuation information that don’t reflect in the financial statements. So the information reflected in stock prices tends to be more abundant than the accounting information. Roll (1988) f ...
... statements, and also includes those that related to the company's future expectations of market participants and valuation information that don’t reflect in the financial statements. So the information reflected in stock prices tends to be more abundant than the accounting information. Roll (1988) f ...
ch13-ch14-16-review
... 3. Aggregate demand shows the total amount of goods and services that will be produced and sold at each price level. F 4. An increase in the government expenditure will shift the aggregate supply curve to the right. F 5. The equilibrium level of real GDP occurs where the aggregate supply curve and t ...
... 3. Aggregate demand shows the total amount of goods and services that will be produced and sold at each price level. F 4. An increase in the government expenditure will shift the aggregate supply curve to the right. F 5. The equilibrium level of real GDP occurs where the aggregate supply curve and t ...
In search of relevance
... “A new basket for the CPI in the making” Aim: The CPI measures price changes as experienced by consumers over time IES 2005 results key input into new weights for CPI basket Currently running parallel sample on new products New weights will be published by June 2008 Communication: move from old to n ...
... “A new basket for the CPI in the making” Aim: The CPI measures price changes as experienced by consumers over time IES 2005 results key input into new weights for CPI basket Currently running parallel sample on new products New weights will be published by June 2008 Communication: move from old to n ...