Document
... The importance of the business cycle and why policymakers seek to diminish the severity of business cycles ...
... The importance of the business cycle and why policymakers seek to diminish the severity of business cycles ...
Macroeconomic Policy Debates
... We have learned that in the long run, monetary policy can influence only the level of prices, not the level of employment. Proponents of inflation targeting argue that the Fed should have only one primary goal: controlling inflation. Before he took over as chairman of the Federal Reserve in 2006, Be ...
... We have learned that in the long run, monetary policy can influence only the level of prices, not the level of employment. Proponents of inflation targeting argue that the Fed should have only one primary goal: controlling inflation. Before he took over as chairman of the Federal Reserve in 2006, Be ...
Why do we have Unemployment?* Prabhat Patnaik
... its doom, and therefore had advocated “demand management” by the State to keep capitalist economies close to full employment as a means of saving the system, had pinned his hopes on this instrument. But under neo-liberalism, when governments are expected to show “fiscal responsibility”, i.e. tailor ...
... its doom, and therefore had advocated “demand management” by the State to keep capitalist economies close to full employment as a means of saving the system, had pinned his hopes on this instrument. But under neo-liberalism, when governments are expected to show “fiscal responsibility”, i.e. tailor ...
... activity would continue to grow moderately in the second quarter. 8. Domestic demand remains strong. The production and imports of consumption and investment goods were higher during January-February than the fourthquarter averages. The ongoing surge in consumer confidence and credit use does not po ...
PRESS RELEASE SUMMARY OF THE MONETARY POLICY COMMITTEE MEETING No: 2015-43
... percent year-on-year in the first quarter of 2015. On the production side, the first quarter saw a yearly growth in the value added from non-construction industries. On the spending side, final domestic demand has increased due to private and public consumption demand. In this period, the ongoing ye ...
... percent year-on-year in the first quarter of 2015. On the production side, the first quarter saw a yearly growth in the value added from non-construction industries. On the spending side, final domestic demand has increased due to private and public consumption demand. In this period, the ongoing ye ...
SME DEVELOPMENT STRATEGY FACING GLOBAL ECONOMIC …
... which depends upon the closeness and the strengthens with American economy. Impact to the Indonesian economy. Macro economy: depreciation of rupiah, capital outflow, credit crunch, liquidity crises, problems of trust and faith in the banking sectors, difficulty of financing deficit, export declining ...
... which depends upon the closeness and the strengthens with American economy. Impact to the Indonesian economy. Macro economy: depreciation of rupiah, capital outflow, credit crunch, liquidity crises, problems of trust and faith in the banking sectors, difficulty of financing deficit, export declining ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... He clearly argued that monetary policy could affect aggregate demand, raise the unemployment rate, and reduce inflation, but that the cost of reducing inflation was too high. Rudd thought that this all stemmed from Chairman ...
... He clearly argued that monetary policy could affect aggregate demand, raise the unemployment rate, and reduce inflation, but that the cost of reducing inflation was too high. Rudd thought that this all stemmed from Chairman ...
ESCAP High-level Policy Dialogue
... CBs typically would not react to short‐term spikes in headline inflation Long‐lasting commodity price swings are propagated to core inflation and inflation expectations – calls for a policy response from CBs Tests of persistence shows commodity inflation tends to be protracted, with food inf ...
... CBs typically would not react to short‐term spikes in headline inflation Long‐lasting commodity price swings are propagated to core inflation and inflation expectations – calls for a policy response from CBs Tests of persistence shows commodity inflation tends to be protracted, with food inf ...
Macroeconomic review for Taipei Mission in Latvia
... reported a profit, although for a few of them the profits shrank. In particular, total consolidated profits before tax for Latvian banks amounted to LVL307.4 million for the whole of 2006 and LVL207.8 million for the first half of 2007, a 65% year onyear increase. Source: Moody’s banking system outl ...
... reported a profit, although for a few of them the profits shrank. In particular, total consolidated profits before tax for Latvian banks amounted to LVL307.4 million for the whole of 2006 and LVL207.8 million for the first half of 2007, a 65% year onyear increase. Source: Moody’s banking system outl ...
mehr...
... The recent hike in oil prices and the depreciation of the euro are the main forces keeping inflation at its current level. Under the assumption that oil prices remain between $52 and $55/barrel and that the dollar/euro exchange rate fluctuates around 1.20 in the second half of the year, inflation wo ...
... The recent hike in oil prices and the depreciation of the euro are the main forces keeping inflation at its current level. Under the assumption that oil prices remain between $52 and $55/barrel and that the dollar/euro exchange rate fluctuates around 1.20 in the second half of the year, inflation wo ...
Figure 1-1
... The doctrine of purchasing-power parity says that after we adjust for exchange rates, we should find that goods sell for the same price everywhere. Conversely, it says that the exchange rate between two currencies should depend on the price levels in the two countries. To see how well this doctrine ...
... The doctrine of purchasing-power parity says that after we adjust for exchange rates, we should find that goods sell for the same price everywhere. Conversely, it says that the exchange rate between two currencies should depend on the price levels in the two countries. To see how well this doctrine ...
Restoring the Pre-WWI Economy
... World War I destroyed much and settled nothing. Whatever political patterns it created were ephemeral, and fell to pieces a decade later. The longer-run issues of the relative place of Germany in Europe, and of how European governments were to settle their disputes and adjust their differences were ...
... World War I destroyed much and settled nothing. Whatever political patterns it created were ephemeral, and fell to pieces a decade later. The longer-run issues of the relative place of Germany in Europe, and of how European governments were to settle their disputes and adjust their differences were ...
Notes on Business Cycles
... wages or prices can’t adjust to equilibrium is called “sticky wages” and “sticky prices” theory. Generating a recession: start with a drop in AD (a drop in C, or I, or G, or NX). Prices and interest rates should drop. But the Keynesian assumption says prices are sticky and won’t fully adjust downwar ...
... wages or prices can’t adjust to equilibrium is called “sticky wages” and “sticky prices” theory. Generating a recession: start with a drop in AD (a drop in C, or I, or G, or NX). Prices and interest rates should drop. But the Keynesian assumption says prices are sticky and won’t fully adjust downwar ...
Macroeconomics: The Bird`s Eye View of the Global Economy
... government spending or (2) taxes or transfer payments) be used to offset changes in planned spending that lead to a gap between actual and full employment output in the economy? 2. Why is the ultimate effect of fiscal policy a change in equilibrium output that is a multiplier of the initial change i ...
... government spending or (2) taxes or transfer payments) be used to offset changes in planned spending that lead to a gap between actual and full employment output in the economy? 2. Why is the ultimate effect of fiscal policy a change in equilibrium output that is a multiplier of the initial change i ...
ECN202 Practice Questions: Domestic Money
... d. should stop focusing its attention on stabilizing the money supply It was very clear - start looking at money supply 13. We know that both fiscal and monetary policies can be used to manage the macro economy and that there are times when one might be more effective than the other. What if you kne ...
... d. should stop focusing its attention on stabilizing the money supply It was very clear - start looking at money supply 13. We know that both fiscal and monetary policies can be used to manage the macro economy and that there are times when one might be more effective than the other. What if you kne ...
NAR Economic Update
... 6. Smart money chasing real estate (i.e., investors) 7. Consumer confidence in buying an appreciating asset ...
... 6. Smart money chasing real estate (i.e., investors) 7. Consumer confidence in buying an appreciating asset ...
Comments on Daniel Benjamin and David Laibson:
... motivation of policymakers to improve macroeconomic performance. This literature urges that policy be governed by rules rather than discretion. I see far greater cause for concern about the use of fiscal than monetary policy to stabilize the economy. If individuals suffer from present bias, elected ...
... motivation of policymakers to improve macroeconomic performance. This literature urges that policy be governed by rules rather than discretion. I see far greater cause for concern about the use of fiscal than monetary policy to stabilize the economy. If individuals suffer from present bias, elected ...
US GDP Review -- Consumer, Where Art Thou?
... Uncle Sam himself does not create income -- he borrows cash from current bondholders and future taxpayers. Not the stuff that seems deserving of a 760x multiple. Inflation was non-existent in the second quarter, with the GDP deflator flat and taking the YoY trend down to 1.5% from 1.9% in the first ...
... Uncle Sam himself does not create income -- he borrows cash from current bondholders and future taxpayers. Not the stuff that seems deserving of a 760x multiple. Inflation was non-existent in the second quarter, with the GDP deflator flat and taking the YoY trend down to 1.5% from 1.9% in the first ...
Ch. 10: Handout
... for the consumer's purchasing power ($954.55) to keep up with inflation, the income would have to increase by the same percentage as the increase in prices by 10% or $100.00 (= $1000 x 0.10) to $1100 (= $1000 + $100) The purchasing power of a current dollar is inversely related to the consumer price ...
... for the consumer's purchasing power ($954.55) to keep up with inflation, the income would have to increase by the same percentage as the increase in prices by 10% or $100.00 (= $1000 x 0.10) to $1100 (= $1000 + $100) The purchasing power of a current dollar is inversely related to the consumer price ...
Early 1980s recession
The early 1980s recession describes the severe global economic recession affecting much of the developed world in the late 1970s and early 1980s. The United States and Japan exited the recession relatively early, but high unemployment would continue to affect other OECD nations through to at least 1985. Long-term effects of the recession contributed to the Latin American debt crisis, the savings and loans crisis in the United States, and a general adoption of neoliberal economic policies throughout the 1980s and 1990s.