Is Greek Debt Really Unsustainable?
... given the existing level of the variables, decisively on the rate of nominal economic growth. It has been shown that even without lowering interest rates or further discretionary measures to raise the primary surplus further from its already high level (such measures would in any case likely be futi ...
... given the existing level of the variables, decisively on the rate of nominal economic growth. It has been shown that even without lowering interest rates or further discretionary measures to raise the primary surplus further from its already high level (such measures would in any case likely be futi ...
Redalyc.Macroeconomic regime and labor market: the Argentine
... caused by the loss of competitiveness and the opening of trade. In the end, the above-mentioned trajectory took place: the weak performance of the current account led to the increasing accumulation of external debt and to higher country risk premiums. This on itself produces a contractionary effect ...
... caused by the loss of competitiveness and the opening of trade. In the end, the above-mentioned trajectory took place: the weak performance of the current account led to the increasing accumulation of external debt and to higher country risk premiums. This on itself produces a contractionary effect ...
NBER WORKING PAPER SERIES THE ROLE FOR DISCRETIONARY FISCAL POLICY Martin Feldstein
... Ahearne et. al. (2002) acknowledge that excessively easy money may cause an overshooting of asset prices and exchange rates. ...
... Ahearne et. al. (2002) acknowledge that excessively easy money may cause an overshooting of asset prices and exchange rates. ...
Emerging Economic Entity Crises in Post Financial Crisis Era – The
... make the backbone industries have their own core and key technologies and strengthen the self-innovation capacity and comprehensive competitiveness for enterprise. Strive to develop the emerging industry, optimize the economic structure and take the technical innovation investment as the most import ...
... make the backbone industries have their own core and key technologies and strengthen the self-innovation capacity and comprehensive competitiveness for enterprise. Strive to develop the emerging industry, optimize the economic structure and take the technical innovation investment as the most import ...
Quiz - Kleykamp in Taiwan
... growth in the Euro Area for the past couple of years? a. very fast growth above 3% per year b. choppy growth ranging from 2.5% to -1% c. declining growth around 1.2% ...
... growth in the Euro Area for the past couple of years? a. very fast growth above 3% per year b. choppy growth ranging from 2.5% to -1% c. declining growth around 1.2% ...
Purchasing Power Parities: Statistics to Describe the World
... values in local currency prices to “real” values in a common currency. They are based on multilateral comparisons of prices between countries. They permit the comparisons of real levels of output or income between countries, just as price deflators or a consumer price index allow real comparison ...
... values in local currency prices to “real” values in a common currency. They are based on multilateral comparisons of prices between countries. They permit the comparisons of real levels of output or income between countries, just as price deflators or a consumer price index allow real comparison ...
Due Date: Thursday, September 8th (at the beginning of class)
... Doubling initial stock of knowledge increases initial GDP per person to 188, but does not change the growth rate (in 100 years GDP per person will be 1362). Doubling the research share (from 6% to 12%) actually lowers initial GDP per person (to 88), but doubles growth (to 4%). In this case in 100 ye ...
... Doubling initial stock of knowledge increases initial GDP per person to 188, but does not change the growth rate (in 100 years GDP per person will be 1362). Doubling the research share (from 6% to 12%) actually lowers initial GDP per person (to 88), but doubles growth (to 4%). In this case in 100 ye ...
Due Date: Thursday, September 8th (at the beginning of class)
... Doubling initial stock of knowledge increases initial GDP per person to 188, but does not change the growth rate (in 100 years GDP per person will be 1362). Doubling the research share (from 6% to 12%) actually lowers initial GDP per person (to 88), but doubles growth (to 4%). In this case in 100 ye ...
... Doubling initial stock of knowledge increases initial GDP per person to 188, but does not change the growth rate (in 100 years GDP per person will be 1362). Doubling the research share (from 6% to 12%) actually lowers initial GDP per person (to 88), but doubles growth (to 4%). In this case in 100 ye ...
Review of Exam 1
... 19. In the Solow growth model with population growth and technological change, the steady-state growth rate of income per person depends on: A) the rate of population growth. B) the saving rate. C) the rate of technological progress. D) the rate of population growth plus the rate of ...
... 19. In the Solow growth model with population growth and technological change, the steady-state growth rate of income per person depends on: A) the rate of population growth. B) the saving rate. C) the rate of technological progress. D) the rate of population growth plus the rate of ...
LarrySummers Central Bank of Chile
... and that the gap has increased through time. If that is right, that is another reason to think that real interest rates, as measured with our price indices are likely to be lower on a semipermanent basis. What is behind this? There are, I think, two views, broad classes of views, that are alternati ...
... and that the gap has increased through time. If that is right, that is another reason to think that real interest rates, as measured with our price indices are likely to be lower on a semipermanent basis. What is behind this? There are, I think, two views, broad classes of views, that are alternati ...
Chap23
... When prices are stable, people correctly believe they can predict future prices and can plan accordingly But, if inflation changes unexpectedly, planning gets harder which undermines the ability of money to serve as a link between the present and the future ...
... When prices are stable, people correctly believe they can predict future prices and can plan accordingly But, if inflation changes unexpectedly, planning gets harder which undermines the ability of money to serve as a link between the present and the future ...
Republic of Madagascar: Letter of Intent, Memorandum of
... Fuel subsidies. Fuel prices have been increased three times between July 2014 and July 2015. These adjustments and the fall in world fuel prices have cut the cost of fuel subsidies from 0.4 percent of GDP in January-July 2014 to 0.1 percent for the same period this year. Debt management and project ...
... Fuel subsidies. Fuel prices have been increased three times between July 2014 and July 2015. These adjustments and the fall in world fuel prices have cut the cost of fuel subsidies from 0.4 percent of GDP in January-July 2014 to 0.1 percent for the same period this year. Debt management and project ...
Interest Group Influence on Exchange Rate Policy during
... Discussion • On the aggregate, effects may cancel out • Data on foreign debt is readily available, data on foreign-currency-denominated debt is not. • Variable so far does not consider net domestic liabilities and assets • Measurement of the joint effects ...
... Discussion • On the aggregate, effects may cancel out • Data on foreign debt is readily available, data on foreign-currency-denominated debt is not. • Variable so far does not consider net domestic liabilities and assets • Measurement of the joint effects ...
Interest Rates on Debt Securities
... determined by supply of funds and demand for funds within that segment This theory could conceivably explain any shape of the yield curve ...
... determined by supply of funds and demand for funds within that segment This theory could conceivably explain any shape of the yield curve ...
Back to the Future: Revisiting the Scourge of Secular Stagnation
... slid into recession. The euro zone countries, the United Kingdom, Sweden, Switzerland and Japan have all cut monetary policy rates close to zero, as did the US until the end of 2015, in response to low inflation and excessive unemployment. "THE GREAT MODERATION" The period was called “The Great Mode ...
... slid into recession. The euro zone countries, the United Kingdom, Sweden, Switzerland and Japan have all cut monetary policy rates close to zero, as did the US until the end of 2015, in response to low inflation and excessive unemployment. "THE GREAT MODERATION" The period was called “The Great Mode ...
總分100 分
... 2. Based upon the implications of the Friedman-Lucas money surprise model, Milton Friedman had recommended that monetary policy should (a) try to stabilize real interest rates. (b) try to stabilize real GDP. (c) try to stabilize the price level. (d) adopt a constant money growth rate rule. 3. Measur ...
... 2. Based upon the implications of the Friedman-Lucas money surprise model, Milton Friedman had recommended that monetary policy should (a) try to stabilize real interest rates. (b) try to stabilize real GDP. (c) try to stabilize the price level. (d) adopt a constant money growth rate rule. 3. Measur ...
4.IS-MP
... • Imperfect information • Costs of setting prices • Contracts also set prices and wages in nominal rather than real terms. • There are bargaining costs to negotiating prices and wages. • Social norms and money illusions – Cause concerns about whether the nominal wage should decline as a matter of fa ...
... • Imperfect information • Costs of setting prices • Contracts also set prices and wages in nominal rather than real terms. • There are bargaining costs to negotiating prices and wages. • Social norms and money illusions – Cause concerns about whether the nominal wage should decline as a matter of fa ...
click
... Instead of being triggered by a fiscal or monetary policy change, the demand increase is triggered by something outside of the model. Any price increase that results from a demand-side shock is also considered demand-pull inflation. ...
... Instead of being triggered by a fiscal or monetary policy change, the demand increase is triggered by something outside of the model. Any price increase that results from a demand-side shock is also considered demand-pull inflation. ...
Unemployment_inflation
... Cyclical Unemployment • Business cycle – fluctuations in real GDP around its longrun trend. • When the economy goes into a recession and total output falls, the unemployment rate rises. • Since it arises from conditions in the overall economy, cyclical unemployment is a problem for macroeconomic po ...
... Cyclical Unemployment • Business cycle – fluctuations in real GDP around its longrun trend. • When the economy goes into a recession and total output falls, the unemployment rate rises. • Since it arises from conditions in the overall economy, cyclical unemployment is a problem for macroeconomic po ...
Lecture 16
... A simple rule, is something like: Conduct open market operations so that M1 grows by five percent per year. Another way of stating this rule is: Adopt a long-term policy for the money supply. If it turns out that aggregate demand and aggregate supply are not in balance, wait for the normal adjustmen ...
... A simple rule, is something like: Conduct open market operations so that M1 grows by five percent per year. Another way of stating this rule is: Adopt a long-term policy for the money supply. If it turns out that aggregate demand and aggregate supply are not in balance, wait for the normal adjustmen ...
Should the European Stability and Growth Pact be Changed?
... period 1995-1998 no evidence can be found for a Phillips-curve relationship although growth differentials were also considerable (Figure 5). What is then a possible link between relatively high inflation rates and an above average growth performance? The answer is simple. In a monetary union the cent ...
... period 1995-1998 no evidence can be found for a Phillips-curve relationship although growth differentials were also considerable (Figure 5). What is then a possible link between relatively high inflation rates and an above average growth performance? The answer is simple. In a monetary union the cent ...
Chart 12 : Reports of Official Rates for Economic Statistics from
... that consumers delay updating (except on special items such as gasoline) Costs of updating information much larger than widely assumed given that most mass media do not publish exact figures for the official economic statistics Potential benefits of macro measures may be more limited than assume ...
... that consumers delay updating (except on special items such as gasoline) Costs of updating information much larger than widely assumed given that most mass media do not publish exact figures for the official economic statistics Potential benefits of macro measures may be more limited than assume ...
nsw independent trial exams – 2004
... Answers could include: One advantage of a floating exchange rate is that the currency reflects the price which is determined by the market forces of demand and supply. Another advantage of a floating exchange rate is that movements (such as depreciation and appreciation) help to correct disequilibri ...
... Answers could include: One advantage of a floating exchange rate is that the currency reflects the price which is determined by the market forces of demand and supply. Another advantage of a floating exchange rate is that movements (such as depreciation and appreciation) help to correct disequilibri ...
AP Macro Crash Course ppt
... Peak -- Greatest spending and lowest unemployment. Inflation becomes a problem. Contraction/Recession -- Reduction of spending levels and increasing unemployment. Some cyclical unemployment begins. Trough -- Least spending and highest unemployment Expansion -- Spending increases and unemployment dec ...
... Peak -- Greatest spending and lowest unemployment. Inflation becomes a problem. Contraction/Recession -- Reduction of spending levels and increasing unemployment. Some cyclical unemployment begins. Trough -- Least spending and highest unemployment Expansion -- Spending increases and unemployment dec ...
Macro1 Exercise #5 Answers
... Economists usually say that there is a recession when the unemployment rate rises above what percent? Economists will say there is a recession when the unemployment rate goes above 5.00%. What is the inflation rate at this point? 1.47%. Would most economists consider this to be an acceptable level o ...
... Economists usually say that there is a recession when the unemployment rate rises above what percent? Economists will say there is a recession when the unemployment rate goes above 5.00%. What is the inflation rate at this point? 1.47%. Would most economists consider this to be an acceptable level o ...