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 ...
China`s gross domestic product estimation
... A summary of the adjusted GDP data from both the production and expenditure sides was first published in the China Statistical Yearbook 1995. The detailed results are found in The Gross Domestic Product of China, 1952– 1995. The two supplementations to the historical GDP data met the need for macroe ...
... A summary of the adjusted GDP data from both the production and expenditure sides was first published in the China Statistical Yearbook 1995. The detailed results are found in The Gross Domestic Product of China, 1952– 1995. The two supplementations to the historical GDP data met the need for macroe ...
Econ 203
... 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 ...
PowerPoint Presentation - University High School
... b. Income plus government spending minus taxes. c. Income minus taxes plus government spending. d. Income minus taxes minus government transfers. e. Income plus government transfers minus taxes. ...
... b. Income plus government spending minus taxes. c. Income minus taxes plus government spending. d. Income minus taxes minus government transfers. e. Income plus government transfers minus taxes. ...
Insert title here
... If wage increases match the inflation rate, a worker's real income stays the same. If income is fixed income, or income that does not increase even when prices go up, the economic effects of inflation can be harmful. ...
... If wage increases match the inflation rate, a worker's real income stays the same. If income is fixed income, or income that does not increase even when prices go up, the economic effects of inflation can be harmful. ...
Mateusz Machaj* MARKET SOCIALISM AND ECONOMIC
... However we proceed from this outlook, whether we side with Lange or find counterarguments to his scheme, the debate changed significantly after Lange’s response to Mises’s ground-breaking contribution. Economic calculation and its heritage, double entry bookkeeping, are among the most important huma ...
... However we proceed from this outlook, whether we side with Lange or find counterarguments to his scheme, the debate changed significantly after Lange’s response to Mises’s ground-breaking contribution. Economic calculation and its heritage, double entry bookkeeping, are among the most important huma ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: Policies to Combat Depression
... The 1948 drop in the rate of growth of demand at the same time that supply capacity continued to expand was only temporary. It was only a brief pause in the postwar boom. It did not take long to complete the relatively small market readjustments called for, such as price and inventory declines. Beca ...
... The 1948 drop in the rate of growth of demand at the same time that supply capacity continued to expand was only temporary. It was only a brief pause in the postwar boom. It did not take long to complete the relatively small market readjustments called for, such as price and inventory declines. Beca ...
NBER WORKING PAPER SERIES REAL BUSINESS CYCLE MODELS: PAST, PRESENT, AND FUTURE
... effects. First, these mechanisms make true technology shocks less volatile than TFP. Second, they significantly amplify the effects of technology shocks. This amplification allows models with these mechanisms to generate output volatility similar to the data with much smaller technology shocks. Anothe ...
... effects. First, these mechanisms make true technology shocks less volatile than TFP. Second, they significantly amplify the effects of technology shocks. This amplification allows models with these mechanisms to generate output volatility similar to the data with much smaller technology shocks. Anothe ...
NBER WORKING PAPER SERIES Christopher J. Erceg Christopher Gust
... SIGMA incorporates an array of nominal and real rigidities to help the model yield plausible implications across a broad spectrum of domestic and international shocks.4 On the aggregate demand side, it allows for habit persistence in consumption, costs of changing the level of investment, and costs ...
... SIGMA incorporates an array of nominal and real rigidities to help the model yield plausible implications across a broad spectrum of domestic and international shocks.4 On the aggregate demand side, it allows for habit persistence in consumption, costs of changing the level of investment, and costs ...
Chapter 1 MEASURING GDP AND PRICE LEVEL
... Thus, the market value of production and hence GDP can increase either : 1. because of the increase in production of goods and services, 2. because of the increase in the prices of goods and services, or 3. because of the increase in both. ...
... Thus, the market value of production and hence GDP can increase either : 1. because of the increase in production of goods and services, 2. because of the increase in the prices of goods and services, or 3. because of the increase in both. ...
The Stock Market as a Leading Economic Indicator
... Index is because it is included as one of the twelve components in the Department of Commerce's index of leading economic indicators. The variable used to measure changes in real economic activity ...
... Index is because it is included as one of the twelve components in the Department of Commerce's index of leading economic indicators. The variable used to measure changes in real economic activity ...
PDF
... Agricultural Cooperatives and Contract Price Competitiveness Agricultural cooperatives play a major role in marketing agricultural commodities. There were 2,675 U.S. farmer-owned cooperatives in 2006, 48% or 1,280 of which primarily marketed farm products (USDA, 2007). These marketing cooperatives a ...
... Agricultural Cooperatives and Contract Price Competitiveness Agricultural cooperatives play a major role in marketing agricultural commodities. There were 2,675 U.S. farmer-owned cooperatives in 2006, 48% or 1,280 of which primarily marketed farm products (USDA, 2007). These marketing cooperatives a ...
Circular flow of economic activity through a simple market economy
... costly and less profitable at a given price, so producers will supply less. A decrease in the number of producers. The market supply is the sum of the supplies of all producers, so a decrease in the number of producers decreases supply. Expectations of higher future prices. If firms think next month ...
... costly and less profitable at a given price, so producers will supply less. A decrease in the number of producers. The market supply is the sum of the supplies of all producers, so a decrease in the number of producers decreases supply. Expectations of higher future prices. If firms think next month ...
Chapter 11 All Markets Together. The AS-AD
... The process goes on until output has returned to its natural level. The process can be made faster by using either monetary policy (that is, by increasing the money stock, which leads to a larger decrease in the interest rate) or fiscal policy, which increases demand directly. At the core of the adju ...
... The process goes on until output has returned to its natural level. The process can be made faster by using either monetary policy (that is, by increasing the money stock, which leads to a larger decrease in the interest rate) or fiscal policy, which increases demand directly. At the core of the adju ...
PDF
... Hedge ratio calculations have been the subject of a substantial amount of research and the theory of hedging and price risk management is well-documented and adapted in practice. For end-users and importers, the presence of multiple sources of uncertainty complicates hedging decisions. One of these ...
... Hedge ratio calculations have been the subject of a substantial amount of research and the theory of hedging and price risk management is well-documented and adapted in practice. For end-users and importers, the presence of multiple sources of uncertainty complicates hedging decisions. One of these ...
An alternative approach to measuring the output gap
... lagged by six quarters although the relevant coefficient is not statistically significant even at 10% significance level. Inflation lagged by 4 quarters appeared to be statistically significant for current inflation. Based on such simple approach it can be stated that inflation prediction has not be ...
... lagged by six quarters although the relevant coefficient is not statistically significant even at 10% significance level. Inflation lagged by 4 quarters appeared to be statistically significant for current inflation. Based on such simple approach it can be stated that inflation prediction has not be ...
problem set 1 - Shepherd Webpages
... of economic activity during those years? Based on your calculations in part (b), compare the levels of real GDP with the level of nominal GDP for each year. What does this comparison suggest about prices (in that year relative to 1987)? Explain why economists focus on real rather than nominal GDP wh ...
... of economic activity during those years? Based on your calculations in part (b), compare the levels of real GDP with the level of nominal GDP for each year. What does this comparison suggest about prices (in that year relative to 1987)? Explain why economists focus on real rather than nominal GDP wh ...
- SlideBoom
... A. the supply of clothing has grown faster than the demand for clothing B. demand for clothing has grown faster than the supply of clothing C. the supply of and demand for clothing have grown by the same proportion D. there is no way to determine what has happened to supply and demand with this info ...
... A. the supply of clothing has grown faster than the demand for clothing B. demand for clothing has grown faster than the supply of clothing C. the supply of and demand for clothing have grown by the same proportion D. there is no way to determine what has happened to supply and demand with this info ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: Economic Analysis of Environmental Problems
... [1] have shown that the removal of the malleability assumption does not change the asymptotic properties of optimal growth models. Only the transition from the initial situation to the ultimate equilibrium is changed. When we come to discuss short-run problems, in section 3, capital will no longer b ...
... [1] have shown that the removal of the malleability assumption does not change the asymptotic properties of optimal growth models. Only the transition from the initial situation to the ultimate equilibrium is changed. When we come to discuss short-run problems, in section 3, capital will no longer b ...