NBER WORKING PAPER SERIES RECONCILING POLICY DECISIONS AND DATA OUTCOMES
... very marked rise in costs resulting mainly from the fast rise in money wages…” (EPR, January 1971, p. 6.) “A higher level of pay settlements was much the most important factor in the faster rise of costs and prices during 1970…” (EPR, May 1971, p. 5.) ...
... very marked rise in costs resulting mainly from the fast rise in money wages…” (EPR, January 1971, p. 6.) “A higher level of pay settlements was much the most important factor in the faster rise of costs and prices during 1970…” (EPR, May 1971, p. 5.) ...
Paper - Langer Research Associates
... national economy, their personal finances and the buying climate, with results reported in a fourweek rolling average. This has resulted in over 325,000 interviews tracking perceptions of current economic conditions since late 1985. In a 2003 paper we compared the weekly CCI with the two prominent m ...
... national economy, their personal finances and the buying climate, with results reported in a fourweek rolling average. This has resulted in over 325,000 interviews tracking perceptions of current economic conditions since late 1985. In a 2003 paper we compared the weekly CCI with the two prominent m ...
AS-AD and the Business Cycle
... recession is 18 months. During the years since World War II, the average recession shortened to 11 months and the average expansion lengthened to 59 months. After a recession that ran from July 1990 to March 1991, the U.S. economy entered a record-breaking expansion that lasted 120 months until Marc ...
... recession is 18 months. During the years since World War II, the average recession shortened to 11 months and the average expansion lengthened to 59 months. After a recession that ran from July 1990 to March 1991, the U.S. economy entered a record-breaking expansion that lasted 120 months until Marc ...
A Primer on Inflation
... today has to pay around Rs150 for a ticket. Thirty years ago, a movie ticket would have cost only one or two rupees. With Rs150, a middle-income household could have bought foodstuffs for a few weeks three decades ago! Rising prices have important economic and welfare implications. Their primary eff ...
... today has to pay around Rs150 for a ticket. Thirty years ago, a movie ticket would have cost only one or two rupees. With Rs150, a middle-income household could have bought foodstuffs for a few weeks three decades ago! Rising prices have important economic and welfare implications. Their primary eff ...
Working Paper Series
... In 1987, Uganda embarked on an Economic Recovery Program with support from the IMF, the World Bank and other multilateral and bilateral donors. The principal objectives were to revamp the economy and enhance economic growth, to reduce inflation and to minimize the potential for a balance of payments ...
... In 1987, Uganda embarked on an Economic Recovery Program with support from the IMF, the World Bank and other multilateral and bilateral donors. The principal objectives were to revamp the economy and enhance economic growth, to reduce inflation and to minimize the potential for a balance of payments ...
Chapter 1: Introduction
... Draw another diagram with the nominal interest rate i=r+π on the vertical axis and the level of total income Y on the horizontal axis. For each possible value of Y on the x-axis, plot the point whose y-axis value is equilibrium nominal interest rate. You have just plotted the LM curve. The LM curve ...
... Draw another diagram with the nominal interest rate i=r+π on the vertical axis and the level of total income Y on the horizontal axis. For each possible value of Y on the x-axis, plot the point whose y-axis value is equilibrium nominal interest rate. You have just plotted the LM curve. The LM curve ...
1.4. Implementation of macro
... force in September 2014. DCFTA is likely to enhance Georgia's trade prospects and boost economic growth by enhancing the country’s export potential, especially to developed markets. In line with the DCFTA requirements, a Law on Competition and relevant secondary legislation were adopted in 2014, pro ...
... force in September 2014. DCFTA is likely to enhance Georgia's trade prospects and boost economic growth by enhancing the country’s export potential, especially to developed markets. In line with the DCFTA requirements, a Law on Competition and relevant secondary legislation were adopted in 2014, pro ...
Sovereigns versus Banks: Credit, Crises, and Consequences
... The experience of the Euro Area periphery during the recent Global Financial Crisis exemplifies the connection that exists between private credit growth and financial crises on the one hand, and public debt and sovereign crises on the other. In 2007, Spain had a budget surplus of about 2 percent of ...
... The experience of the Euro Area periphery during the recent Global Financial Crisis exemplifies the connection that exists between private credit growth and financial crises on the one hand, and public debt and sovereign crises on the other. In 2007, Spain had a budget surplus of about 2 percent of ...
Chapter 17
... • During the 1960s, the M2 growth rate averaged 7 percent a year and ranged between a low of 4 percent in 1969 and a high of 9 percent in 1967. ...
... • During the 1960s, the M2 growth rate averaged 7 percent a year and ranged between a low of 4 percent in 1969 and a high of 9 percent in 1967. ...
Chapter 12 - Equity Valuation
... determine its performance in the next three years. What is your forecast for performance in that time period. ...
... determine its performance in the next three years. What is your forecast for performance in that time period. ...
Should Monetary Policy Target Labor’s Share of Income?
... divided by the price level. Real marginal cost therefore serves as the principal determinant of inflation in these models; moreover, the welfare loss associated with aggregate output’s differing from potential—the level of output that would obtain under perfectly flexible prices—is related to the di ...
... divided by the price level. Real marginal cost therefore serves as the principal determinant of inflation in these models; moreover, the welfare loss associated with aggregate output’s differing from potential—the level of output that would obtain under perfectly flexible prices—is related to the di ...
Investment Hangover and the Great Recession
... 11569 in 1882...The downswing gathered momentum slowly in 1883. The decline in railroad construction not only eliminated the jobs of many workers directly employed in railroad building but also spread depression to other industries. As one would expect from the theory of the acceleration principle, ...
... 11569 in 1882...The downswing gathered momentum slowly in 1883. The decline in railroad construction not only eliminated the jobs of many workers directly employed in railroad building but also spread depression to other industries. As one would expect from the theory of the acceleration principle, ...
A Sluggish Trend of National Savings and its Causes: The Case of
... remittances on savings and investment of the economy. Mishra (2005) in his study found that 1 % increase in remittances will mount investment by 0.6% of Gross Domestic Product in thirteen Caribbean countries. Balde (2010) investigated the macroeconomic impact of remittances on savings and investment ...
... remittances on savings and investment of the economy. Mishra (2005) in his study found that 1 % increase in remittances will mount investment by 0.6% of Gross Domestic Product in thirteen Caribbean countries. Balde (2010) investigated the macroeconomic impact of remittances on savings and investment ...
The Equilibrium Real Funds Rate: Past, Present and Future
... A consensus seems to be building that the answer to the second question is yes. Starting in 2012 FOMC members have been releasing their own estimates of the “longer run” nominal rate in the now somewhat infamous “dot plot.” As Exhibit 1.1 shows, the longer run projection for PCE inflation has remain ...
... A consensus seems to be building that the answer to the second question is yes. Starting in 2012 FOMC members have been releasing their own estimates of the “longer run” nominal rate in the now somewhat infamous “dot plot.” As Exhibit 1.1 shows, the longer run projection for PCE inflation has remain ...
Why There Is Rapid Economic Growth Accompanied By High
... percentage point below the natural unemployment rate, the economic growth will be higher than potential output 3 percentage points, this is the famous Okun's Law, this Law and the Phillips curve, they are cornerstones constitute the neo-classical economics, the of the aggregate supply curve. 1 ...
... percentage point below the natural unemployment rate, the economic growth will be higher than potential output 3 percentage points, this is the famous Okun's Law, this Law and the Phillips curve, they are cornerstones constitute the neo-classical economics, the of the aggregate supply curve. 1 ...
Has the U.S. Economy Become Less Interest Rate Sensitive?
... II. Shifts in the Interest Rate Sensitivity of Employment across U.S. Industries Shifts in the interest sensitivity of employment could be due to a variety of factors. Changing behavior of policymakers, households, and firms could explain the observed shift. Similarly, structural changes resultin ...
... II. Shifts in the Interest Rate Sensitivity of Employment across U.S. Industries Shifts in the interest sensitivity of employment could be due to a variety of factors. Changing behavior of policymakers, households, and firms could explain the observed shift. Similarly, structural changes resultin ...
Inflation and economic growth in Rwanda
... the short-run; the implication is that changes in the demand side of the economy resulting from expectations , labor force and policy actions such as discretionary monetary or fiscal policies, affect both prices and output in the short run as predicted by the Phillips Curve (Blanchard and Kitoyaki, ...
... the short-run; the implication is that changes in the demand side of the economy resulting from expectations , labor force and policy actions such as discretionary monetary or fiscal policies, affect both prices and output in the short run as predicted by the Phillips Curve (Blanchard and Kitoyaki, ...
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.