Chapter 1
... Determinants of Consumption, Investment and Net Exports Importance of equilibrium and inventory levels Net Exports, exporting recessions and expansions CIGXM and full employment Income/spending expansion & contraction of real GDP Induced v. autonomous changes in spending Role of Inventories Calculat ...
... Determinants of Consumption, Investment and Net Exports Importance of equilibrium and inventory levels Net Exports, exporting recessions and expansions CIGXM and full employment Income/spending expansion & contraction of real GDP Induced v. autonomous changes in spending Role of Inventories Calculat ...
macroeconomic policy
... rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of change in wages paid to labor in that economy. ...
... rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of change in wages paid to labor in that economy. ...
XIV. Current issues in economic policy
... – how to stabilize business cycle after dramatic 1970s and first half of 1980s? – Accepting the concept of natural unemployment, policies need to steer the ...
... – how to stabilize business cycle after dramatic 1970s and first half of 1980s? – Accepting the concept of natural unemployment, policies need to steer the ...
Monetary Policy - s3.amazonaws.com
... C.The Term Auction Facility 1. This tool was introduced in December 2007 in response to the financial crisis. 2. Under the term auction facility, the Fed holds two auctions each month, and banks secretly bid for the right to borrow reserves for 28 or 84 days. The bids are ranked from highest to low ...
... C.The Term Auction Facility 1. This tool was introduced in December 2007 in response to the financial crisis. 2. Under the term auction facility, the Fed holds two auctions each month, and banks secretly bid for the right to borrow reserves for 28 or 84 days. The bids are ranked from highest to low ...
The Role of Macro-Economic Policies in an Era
... that, over time, inflation would increase – hence there was an advantage to bringing forward intended expenditure and take advantage of lower borrowing costs. The reduction in rates would also have an impact on the exchange rate, inducing demand for Canadian output. Symmetrically, a rise in rates wo ...
... that, over time, inflation would increase – hence there was an advantage to bringing forward intended expenditure and take advantage of lower borrowing costs. The reduction in rates would also have an impact on the exchange rate, inducing demand for Canadian output. Symmetrically, a rise in rates wo ...
Document
... • The firm’s demand for capital services is its marginal value product of capital curve. • In the short run, the supply of capital services is fixed. In the long run, it can be adjusted by producing new capital goods or allowing the existing capital stock to depreciate. • The required rental is the ...
... • The firm’s demand for capital services is its marginal value product of capital curve. • In the short run, the supply of capital services is fixed. In the long run, it can be adjusted by producing new capital goods or allowing the existing capital stock to depreciate. • The required rental is the ...
HW2-sol
... The point is that the severity of a downturn depends on how you measured it. If you provide a sensible analysis, you will get full credit for this question regardless of how you chose the second worst period. 5.a) The peak of the cycle is the quarter in which GDP hits its highest level (not its hig ...
... The point is that the severity of a downturn depends on how you measured it. If you provide a sensible analysis, you will get full credit for this question regardless of how you chose the second worst period. 5.a) The peak of the cycle is the quarter in which GDP hits its highest level (not its hig ...
Macroeconomics - University of Oxford
... been weak – not much more scope for profits to outperform revenues, and risks to housing market. In Europe, on the other hand, corporate profits may rise faster than revenues as the economy picks up – assuming no more oil price rises. Very hard to predict changes in China. Likely to be modest upward ...
... been weak – not much more scope for profits to outperform revenues, and risks to housing market. In Europe, on the other hand, corporate profits may rise faster than revenues as the economy picks up – assuming no more oil price rises. Very hard to predict changes in China. Likely to be modest upward ...
NBER WORKING PAPER SERIES CHINA CURRENT ACCOUNT IMBALANCES
... investment. For example, a rise in import prices can cause an increase in a current account deficit by causing a reduction in domestic saving, something that happened in the United States in 2007. Large marketdriven fluctuations in exchange rates of countries that do not actively manage their exchan ...
... investment. For example, a rise in import prices can cause an increase in a current account deficit by causing a reduction in domestic saving, something that happened in the United States in 2007. Large marketdriven fluctuations in exchange rates of countries that do not actively manage their exchan ...
Bank regulation, exchange rate policy, overseas debt, and asset Geoff Bertram
... Trade data from Infoshare; inverted real TWI from RBNZ ...
... Trade data from Infoshare; inverted real TWI from RBNZ ...
National income accounting:
... decides to simulate aggregate demand by lowering taxes (T). What will happen in the short run (when the domestic price level and the price level in the rest of the world are constant) to GDP (Y), private consumption, interest rate, to the nominal and to the real exchange rate and to the trade balanc ...
... decides to simulate aggregate demand by lowering taxes (T). What will happen in the short run (when the domestic price level and the price level in the rest of the world are constant) to GDP (Y), private consumption, interest rate, to the nominal and to the real exchange rate and to the trade balanc ...
Emerging markets reserve accumulation
... up nearly 60% last year to $192 billion, have also bolstered reserve levels for these countries. Globally, total reserves rose in last year’s third quarter to $11.01 trillion, up from $10.97 trillion a quarter earlier, according to the latest data available from the International Monetary Fund. The ...
... up nearly 60% last year to $192 billion, have also bolstered reserve levels for these countries. Globally, total reserves rose in last year’s third quarter to $11.01 trillion, up from $10.97 trillion a quarter earlier, according to the latest data available from the International Monetary Fund. The ...
Is the International Role of the Dollar Changing?
... portfolios of developing countries appears to have declined over the past decade. However, such an interpretation is misleading. Most of the decline reflects the dollar’s depreciation between 2005 and 2008, which raised the value, and hence the share, of other currencies in the portfolios. If we adj ...
... portfolios of developing countries appears to have declined over the past decade. However, such an interpretation is misleading. Most of the decline reflects the dollar’s depreciation between 2005 and 2008, which raised the value, and hence the share, of other currencies in the portfolios. If we adj ...
Country study: Brazil
... remained above 50%, during the nineties, and declined steadily after 2002, reaching 39.3% in 2012. A parallel development was the decline in the returns to schooling, defined by the ratio of wages between the educated and the uneducated workers—those with more than 7 years of schooling and those wit ...
... remained above 50%, during the nineties, and declined steadily after 2002, reaching 39.3% in 2012. A parallel development was the decline in the returns to schooling, defined by the ratio of wages between the educated and the uneducated workers—those with more than 7 years of schooling and those wit ...
Krugman`s Chapter 31 PPT
... In the long run, changes in the money supply affect the aggregate price level but not real GDP or the interest rate. In fact, there is monetary neutrality: changes in the money supply have no real effect on the economy. So monetary policy is ineffectual in the long run. ...
... In the long run, changes in the money supply affect the aggregate price level but not real GDP or the interest rate. In fact, there is monetary neutrality: changes in the money supply have no real effect on the economy. So monetary policy is ineffectual in the long run. ...
chap016Answers
... number of (generally like-minded) people (the Board of Governors and FOMC). Fiscal policy decisions require the support of Congress, the Senate, and the President, all with their own agendas and constituents to satisfy. The objectives of monetary policy are more narrowly defined and generally agreed ...
... number of (generally like-minded) people (the Board of Governors and FOMC). Fiscal policy decisions require the support of Congress, the Senate, and the President, all with their own agendas and constituents to satisfy. The objectives of monetary policy are more narrowly defined and generally agreed ...
The Euro Through a Glass Darkly
... To be sure, Ireland’s boom was mainly the result of the fact that the country is home to so many electronics firms. Similarly, the fact that growth there has now decelerated mainly reflects the slowdown in the high-tech sector worldwide. California went through a very similar cycle over the last fiv ...
... To be sure, Ireland’s boom was mainly the result of the fact that the country is home to so many electronics firms. Similarly, the fact that growth there has now decelerated mainly reflects the slowdown in the high-tech sector worldwide. California went through a very similar cycle over the last fiv ...
Presentation - United Nations Statistics Division
... Recommendations from study • Given: – The relative difficulty of unit record basis – Questionability of AES data at such a low industry level – The similarity of results ...
... Recommendations from study • Given: – The relative difficulty of unit record basis – Questionability of AES data at such a low industry level – The similarity of results ...
Chapter 31 - Impacts - Government Borrowing
... The connection between private savings and flows of international capital plays a role in budget deficits and surpluses. Consequently, government borrowing and private investment sometimes rise and fall together. For example, the 1990s show a pattern in which reduced government borrowing helped to r ...
... The connection between private savings and flows of international capital plays a role in budget deficits and surpluses. Consequently, government borrowing and private investment sometimes rise and fall together. For example, the 1990s show a pattern in which reduced government borrowing helped to r ...
Monetary Policy Reaction Function in Turkey
... increased monetary financing through CBRT credits. In the 1992-1993 period, the economy rebounded strongly. This was associated with strong import growth, large increase in public and private sector real wages, and further deterioration in fiscal balances resulting in increased recourse to central b ...
... increased monetary financing through CBRT credits. In the 1992-1993 period, the economy rebounded strongly. This was associated with strong import growth, large increase in public and private sector real wages, and further deterioration in fiscal balances resulting in increased recourse to central b ...
Test#1
... liabilities in the form of checking and savings deposits are the most liquid of all assets in the economy. Other financial intermediaries do have (and create) liabilities, but these other instruments are not very liquid and, thus, are not used as monies; this is one feature that makes banks “differe ...
... liabilities in the form of checking and savings deposits are the most liquid of all assets in the economy. Other financial intermediaries do have (and create) liabilities, but these other instruments are not very liquid and, thus, are not used as monies; this is one feature that makes banks “differe ...
Homework 3
... suggest raising interest rates far above those actually observed during that period. During recessionary later periods, the Taylor rule would have suggested cutting interest rates. However, these low interest rates would have even been negative which is impossible in the market place. ...
... suggest raising interest rates far above those actually observed during that period. During recessionary later periods, the Taylor rule would have suggested cutting interest rates. However, these low interest rates would have even been negative which is impossible in the market place. ...
Sample Exam Questions (CETA 2006) File
... During the later part of 2005 inflationary pressures resulted in the inflation rate exceeding the inflation target. The Reserve Bank responded by raising the OCR. ...
... During the later part of 2005 inflationary pressures resulted in the inflation rate exceeding the inflation target. The Reserve Bank responded by raising the OCR. ...
Macro Conference IV
... Interaction among stabilization, adjustment, and growth in medium-term models is: Given the predetermined values of total factor productivity and stock of productive factors, economy's short-run equilibrium simultaneously determines output, employment, price level, the current account, and rate o ...
... Interaction among stabilization, adjustment, and growth in medium-term models is: Given the predetermined values of total factor productivity and stock of productive factors, economy's short-run equilibrium simultaneously determines output, employment, price level, the current account, and rate o ...