Slide 1
... devalue the peso to make exports more competitive The first two options were unattractive in a presidential election year because they could have led to a significant downturn in economic activity and could have further weakened Mexico’s banking system. (PRI wanted to stay in charge). Devaluing the ...
... devalue the peso to make exports more competitive The first two options were unattractive in a presidential election year because they could have led to a significant downturn in economic activity and could have further weakened Mexico’s banking system. (PRI wanted to stay in charge). Devaluing the ...
Lecture 10
... Costs are pushing the price level upward Sources: supply shocks: increase in costs or raw materials, energy inputs, wages… Alomar_111_10 ...
... Costs are pushing the price level upward Sources: supply shocks: increase in costs or raw materials, energy inputs, wages… Alomar_111_10 ...
Inflation - Oldfield Economics
... When aggregate demand is rising faster than the ability of the economy to supply goods and services – leading to excess demand Positive output gap (when actual GDP > Trend GDP) Businesses respond by raising prices to increase their profit margins Demand-pull inflation associated with the boom phase ...
... When aggregate demand is rising faster than the ability of the economy to supply goods and services – leading to excess demand Positive output gap (when actual GDP > Trend GDP) Businesses respond by raising prices to increase their profit margins Demand-pull inflation associated with the boom phase ...
krugman ir macro module 36(72).indd
... operations. Students are sure to have an idea that the Federal Reserve sets interest rates. Explain that it actually has direct control only over the monetary base, although this control does allow it to influence interest rates. If you have played the money creation game suggested in the previous s ...
... operations. Students are sure to have an idea that the Federal Reserve sets interest rates. Explain that it actually has direct control only over the monetary base, although this control does allow it to influence interest rates. If you have played the money creation game suggested in the previous s ...
Economics 215
... A decline in the price of stocks will reduce the financial value of firms, which is the sum of the market capitalization plus the value of debt. Under the q theory, firms will reduce investment if their financial value is smaller than the price of their capital because this would imply that firms ar ...
... A decline in the price of stocks will reduce the financial value of firms, which is the sum of the market capitalization plus the value of debt. Under the q theory, firms will reduce investment if their financial value is smaller than the price of their capital because this would imply that firms ar ...
Lecture 7 - Thomas Piketty
... entire national capital sock (600-700% GDP): printing money is simple → but what would be the associated democratic governance system if central banks were to own entire economy? • With 20-30% of GDP in assets rather than 10%, this already raises serious governance issues • One key issue: should cen ...
... entire national capital sock (600-700% GDP): printing money is simple → but what would be the associated democratic governance system if central banks were to own entire economy? • With 20-30% of GDP in assets rather than 10%, this already raises serious governance issues • One key issue: should cen ...
Causes of the Great Depression & Hoover`s Response
... Revenue Act of 1932 & Balancing the Budget • Concern over growing deficits Congress passes and Hoover signs the Revenue Act of 1932 • The act reversed Mellon’s tax cuts. – Raising business taxes from 12% to 13.75% – Raised taxes on every bracket – Lower income brackets increases form 1% to 4% – Rai ...
... Revenue Act of 1932 & Balancing the Budget • Concern over growing deficits Congress passes and Hoover signs the Revenue Act of 1932 • The act reversed Mellon’s tax cuts. – Raising business taxes from 12% to 13.75% – Raised taxes on every bracket – Lower income brackets increases form 1% to 4% – Rai ...
Meeting Date: August 16, 2012
... reiterated that this mechanism aims to contain the adverse effects of the excessive volatility in capital flows on domestic markets. It was indicated that the coefficients may be revised accordingly, as needed. 13. In light of these developments, the Committee has indicated that interest rate corrid ...
... reiterated that this mechanism aims to contain the adverse effects of the excessive volatility in capital flows on domestic markets. It was indicated that the coefficients may be revised accordingly, as needed. 13. In light of these developments, the Committee has indicated that interest rate corrid ...
ECONOMIC INSIGHT MONTHLY BRIEFING FROM ICAEW’S ECONOMIC ADVISERS ApRIL 2012
... fell by 1.2% in 2011, as household incomes failed to keep ...
... fell by 1.2% in 2011, as household incomes failed to keep ...
Monetary Policy - McGraw Hill Higher Education
... o Stagflation may be due to structural unemployment: o Structural unemployment–unemployment caused by a mismatch between the skills (or location) of job seekers and the requirements (or location) of available jobs. ...
... o Stagflation may be due to structural unemployment: o Structural unemployment–unemployment caused by a mismatch between the skills (or location) of job seekers and the requirements (or location) of available jobs. ...
Review for Unit 2 Exam KEY
... a. A used economics textbook from the bookstore Excluded; used good b. New harvesting equipment for the farm Included; Investment spending (new physical capital) c. 1,000 shares of stock in a computer firm Excluded; does not represent production d. A car produced in a foreign country Excluded; Impor ...
... a. A used economics textbook from the bookstore Excluded; used good b. New harvesting equipment for the farm Included; Investment spending (new physical capital) c. 1,000 shares of stock in a computer firm Excluded; does not represent production d. A car produced in a foreign country Excluded; Impor ...
The Great Depression and the Beginning of Keynesian Economics
... revenues fell from $4 billion in 1929 to $1.9 billion in 1932. With lower tax revenues, the federal government had a budget deficit (government spending was greater than the tax revenues). The position of the federal government changed from a $0.7 billion surplus in 1929 to a $2.7 billion deficit in ...
... revenues fell from $4 billion in 1929 to $1.9 billion in 1932. With lower tax revenues, the federal government had a budget deficit (government spending was greater than the tax revenues). The position of the federal government changed from a $0.7 billion surplus in 1929 to a $2.7 billion deficit in ...
The Demand for Base Money in Turkey: Implications for
... started to increase and the Treasury built up public debt. The domestic debt stock climbed to 13 percent of GNP in 1993 from 4.5 percent in 1986. Moreover, the current account deficit also reached its highest level, 3.5 percent of GDP in 1993. After the crisis high real interest rates became an obst ...
... started to increase and the Treasury built up public debt. The domestic debt stock climbed to 13 percent of GNP in 1993 from 4.5 percent in 1986. Moreover, the current account deficit also reached its highest level, 3.5 percent of GDP in 1993. After the crisis high real interest rates became an obst ...
Discussion - Reserve Bank of Australia
... output and gross domestic product move very similarly because the real cost of imported inputs only changes temporarily. In contrast to the monetary shock, consider the results in Figure 2 which are for a permanent fiscal expansion of 1 per cent of GDP financed by issuing government debt, announced ...
... output and gross domestic product move very similarly because the real cost of imported inputs only changes temporarily. In contrast to the monetary shock, consider the results in Figure 2 which are for a permanent fiscal expansion of 1 per cent of GDP financed by issuing government debt, announced ...
Slide 1
... wages rise from $10 to $11 and the CPI rises from 140 to 150. What was the growth rate in the real wage? (nearest 10th, no % sign; e.g. 4.3). ...
... wages rise from $10 to $11 and the CPI rises from 140 to 150. What was the growth rate in the real wage? (nearest 10th, no % sign; e.g. 4.3). ...
ECO 2142A Course outline May/June 2015
... Web site: http://aix1.uottawa.ca/~scoulomb/ [email protected] Office Hours – Tuesday and Thursday from 2 to 3PM ...
... Web site: http://aix1.uottawa.ca/~scoulomb/ [email protected] Office Hours – Tuesday and Thursday from 2 to 3PM ...
causes of great depression powerpoint
... Revenue Act of 1932 & Balancing the Budget • Concern over growing deficits Congress passes and Hoover signs the Revenue Act of 1932 • The act reversed Mellon’s tax cuts. – Raising business taxes from 12% to 13.75% – Raised taxes on every bracket – Lower income brackets increases form 1% to 4% – Ra ...
... Revenue Act of 1932 & Balancing the Budget • Concern over growing deficits Congress passes and Hoover signs the Revenue Act of 1932 • The act reversed Mellon’s tax cuts. – Raising business taxes from 12% to 13.75% – Raised taxes on every bracket – Lower income brackets increases form 1% to 4% – Ra ...
Presentation to a Seattle Community Leaders Luncheon Marriott Waterfront, Seattle, Washington
... passes. Second, they typically cut back their spending on things other than oil only gradually; that is, they try to maintain their spending for a while by dipping into savings and profits, so this also cushions the oil price effect. If people see the price increase as temporary, they’re likely to ...
... passes. Second, they typically cut back their spending on things other than oil only gradually; that is, they try to maintain their spending for a while by dipping into savings and profits, so this also cushions the oil price effect. If people see the price increase as temporary, they’re likely to ...
Building Britain British construction, now and in the
... Construction is a hugely important sector for UK plc, employing over three million people and contributing £93bn to the economy each year, 7% of GDP. The recovery which began two years ago is now felt in most key regional cities, led by renewed housebuilding and helped by infrastructure mega-project ...
... Construction is a hugely important sector for UK plc, employing over three million people and contributing £93bn to the economy each year, 7% of GDP. The recovery which began two years ago is now felt in most key regional cities, led by renewed housebuilding and helped by infrastructure mega-project ...
Knowledge To Go Webinar Goal
... Summary of Economic Forecasts Economic recovery continues, slowly Recovery is forecasted to be mild; in the range of 3.0%-3.5% real GDP growth ...
... Summary of Economic Forecasts Economic recovery continues, slowly Recovery is forecasted to be mild; in the range of 3.0%-3.5% real GDP growth ...
Presentation to the University of California at Berkeley Boalt School... San Francisco, California
... has not gone so far yet, but over the past decade, the Federal Open Market Committee has taken many steps to improve its communications with the public, the markets, and the press, and thereby its transparency. The rationale for increased central bank transparency is highly practical—not simply ideo ...
... has not gone so far yet, but over the past decade, the Federal Open Market Committee has taken many steps to improve its communications with the public, the markets, and the press, and thereby its transparency. The rationale for increased central bank transparency is highly practical—not simply ideo ...
FRBSF E L CONOMIC ETTER
... higher aggregate spending on goods and services produced in the U.S. The increase in aggregate demand for the economy’s output through these different channels leads firms to raise production and employment, which in turn increases business spending on capital goods even further by making greater de ...
... higher aggregate spending on goods and services produced in the U.S. The increase in aggregate demand for the economy’s output through these different channels leads firms to raise production and employment, which in turn increases business spending on capital goods even further by making greater de ...
Bank ownership and stability: Evidence from Germany
... that Bank of America bought Merrill Lynch; it was about six months ago that the TARP funds started being distributed. The economy was doing fairly poorly in much of 2008, and then fell off a cliff in the last quarter of 2008 and into 2009, shrinking at a 6 percent annual rate—an extraordinary drop i ...
... that Bank of America bought Merrill Lynch; it was about six months ago that the TARP funds started being distributed. The economy was doing fairly poorly in much of 2008, and then fell off a cliff in the last quarter of 2008 and into 2009, shrinking at a 6 percent annual rate—an extraordinary drop i ...
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.