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Indonesia
... undervalued in comparison to pre-1997 levels). Massive student protest due the government cut backs of subsidies. This led to a drastic rise in food and energy prices. Increased inflation due to government cutting of subsides. Economic growth accelerated to 5.1 % in 2004, 5.6 in 2005 due to consumer ...
... undervalued in comparison to pre-1997 levels). Massive student protest due the government cut backs of subsidies. This led to a drastic rise in food and energy prices. Increased inflation due to government cutting of subsides. Economic growth accelerated to 5.1 % in 2004, 5.6 in 2005 due to consumer ...
總體經濟學 期末考 日期:97
... pursued a policy of steady money growth. 6. The time between when a recession begins and when the central bank lowers interest rates to stimulate aggregate demand is an example of an: (A) inside lag of monetary policy. (C) inside lag of fiscal policy. (B) outside lag of monetary policy. (D) outside ...
... pursued a policy of steady money growth. 6. The time between when a recession begins and when the central bank lowers interest rates to stimulate aggregate demand is an example of an: (A) inside lag of monetary policy. (C) inside lag of fiscal policy. (B) outside lag of monetary policy. (D) outside ...
Chapter 15
... Friedman did exhaustive studies of the relationship between the rate of growth of the money supply and the rate of increase in prices. He concluded that the U.S. never had a serious inflation that was not accompanied by rapid monetary growth. When the money supply has grown slowly, the country has h ...
... Friedman did exhaustive studies of the relationship between the rate of growth of the money supply and the rate of increase in prices. He concluded that the U.S. never had a serious inflation that was not accompanied by rapid monetary growth. When the money supply has grown slowly, the country has h ...
The importance of inflation expectations
... important, since it allows the sustainable anchoring of economic agents’ expectations. As a direct consequence, their decisions and behaviour will rely to an increasing extent on the information supplied by the central bank, especially if it pursues a transparent communication with the public. Infla ...
... important, since it allows the sustainable anchoring of economic agents’ expectations. As a direct consequence, their decisions and behaviour will rely to an increasing extent on the information supplied by the central bank, especially if it pursues a transparent communication with the public. Infla ...
MACROECONOMIC THEORY Mondays and Wednesdays 10:30-11:30
... Do disinflation policies inevitably lead to high unemployment and recession? (Phillips curve, Okun’s law) How do saving and technological progress impact production and growth in the long run? (Solow growth model). How do expectations affect today’s interest rates, stock prices, consumption and inve ...
... Do disinflation policies inevitably lead to high unemployment and recession? (Phillips curve, Okun’s law) How do saving and technological progress impact production and growth in the long run? (Solow growth model). How do expectations affect today’s interest rates, stock prices, consumption and inve ...
View - The IJBM
... positions. While not used as a variable research budget deficit for the budget deficit occurs when government spending is greater than tax revenue. If the budget deficit is covered by issuing bonds on the capital market, then automatically share price will be affected. But budget deficits that occur ...
... positions. While not used as a variable research budget deficit for the budget deficit occurs when government spending is greater than tax revenue. If the budget deficit is covered by issuing bonds on the capital market, then automatically share price will be affected. But budget deficits that occur ...
Presentaiton4 - GEOCITIES.ws
... – Quarterly data usually shown as annual rates – Usually seasonal adjustments ...
... – Quarterly data usually shown as annual rates – Usually seasonal adjustments ...
Policy Paper 3: Trade Policy and Economic Growth
... Before doing this, however, one simple point should be made. Many people (though few economists) think that growth itself is not necessarily a good thing, for a number of reasons: it may cause people to abandon cultural traditions, it could contribute to environmental damages, and it may contribute ...
... Before doing this, however, one simple point should be made. Many people (though few economists) think that growth itself is not necessarily a good thing, for a number of reasons: it may cause people to abandon cultural traditions, it could contribute to environmental damages, and it may contribute ...
1 point for saying the interest rate increases
... more, resulting in a decrease in net exports. [1 pt for Xn decreasing and 1 point for saying U.S. goods are relatively more expensive] (d) [3 pts] Using a correctly labeled AD/AS graph, show how the change in Xn in part (c) will affect each of the following in the short run. ...
... more, resulting in a decrease in net exports. [1 pt for Xn decreasing and 1 point for saying U.S. goods are relatively more expensive] (d) [3 pts] Using a correctly labeled AD/AS graph, show how the change in Xn in part (c) will affect each of the following in the short run. ...
Spring 2015 TEST 3 w/ solution
... causing a decrease in consumer spending. This is known as the _____ effect and is a reason why the _____ curve slopes _____. A) interest rate; aggregate demand; downward B) wealth; aggregate demand; downward C) interest rate; investment demand; downward D) wealth; short-run aggregate supply; upward ...
... causing a decrease in consumer spending. This is known as the _____ effect and is a reason why the _____ curve slopes _____. A) interest rate; aggregate demand; downward B) wealth; aggregate demand; downward C) interest rate; investment demand; downward D) wealth; short-run aggregate supply; upward ...
Potential and Limitations of Pro-Poor Macroeconomics: An Overview Giovanni Andrea Cornia
... for short-term consensus, rather than of any theoretical recommendation. The evidence on the impact of heterodox adjustment shows positive initial results followed by a macro crisis in some cases, while in others the short-term gains were permanent but did not improve long-term performance. The Aust ...
... for short-term consensus, rather than of any theoretical recommendation. The evidence on the impact of heterodox adjustment shows positive initial results followed by a macro crisis in some cases, while in others the short-term gains were permanent but did not improve long-term performance. The Aust ...
AGF Fixed Income – Will rates continue to rise?
... Going forward, it is likely that markets will continue to adapt to a new U.S. political regime, which at this stage remains uncertain as to what policy proposals may be enacted and to what magnitude. Drags on capital spending, inventories and energy are likely to fade if Trump’s policies are impleme ...
... Going forward, it is likely that markets will continue to adapt to a new U.S. political regime, which at this stage remains uncertain as to what policy proposals may be enacted and to what magnitude. Drags on capital spending, inventories and energy are likely to fade if Trump’s policies are impleme ...
Practice Test - MDC Faculty Web Pages
... 26. Suppose a government finances its expansionary fiscal policy by borrowing from the public. Joseph is concerned that this will increase the demand for loanable funds, drive up interest rates, and leave less loanable money available for consumers and businesses. Joseph is concerned about the: A) ...
... 26. Suppose a government finances its expansionary fiscal policy by borrowing from the public. Joseph is concerned that this will increase the demand for loanable funds, drive up interest rates, and leave less loanable money available for consumers and businesses. Joseph is concerned about the: A) ...
Economic Policy in the Open Economy Under Fixed Exchange Rates
... – Suppose exchange rates are fixed. – How does the system adjust to a “shock” such as an increase in foreign income? – This should increase exports, shifting BP rightwards to BP′. – The IS curve will shift rightwards to IS′. – To maintain the fixed exchange rate, the central bank must purchase the s ...
... – Suppose exchange rates are fixed. – How does the system adjust to a “shock” such as an increase in foreign income? – This should increase exports, shifting BP rightwards to BP′. – The IS curve will shift rightwards to IS′. – To maintain the fixed exchange rate, the central bank must purchase the s ...
ap 2005 macroeconomics free-response questions
... will affect the nominal interest rate. (iii) Explain how the change in the nominal interest rate in part (c) (ii) will affect aggregate demand, price level, and real output in the United States. (d) Define the real interest rate. (e) Indicate the effect of the open-market operation you identified in ...
... will affect the nominal interest rate. (iii) Explain how the change in the nominal interest rate in part (c) (ii) will affect aggregate demand, price level, and real output in the United States. (d) Define the real interest rate. (e) Indicate the effect of the open-market operation you identified in ...
Chapter 13
... Initially, net exports rise. However, inflation also rises, a factor not included in the M-F model. Foreign capital flees the country – in some cases, before the devaluation occurs. • Now consider the basic I = S identity. If foreign saving drops, either domestic saving must rise – meaning less cons ...
... Initially, net exports rise. However, inflation also rises, a factor not included in the M-F model. Foreign capital flees the country – in some cases, before the devaluation occurs. • Now consider the basic I = S identity. If foreign saving drops, either domestic saving must rise – meaning less cons ...
Dollars - Sites@UCI
... rate affect investment flows? What would this do to the BoP and the exchange rate? ANSWER: The US will increase investment in Mexico (maybe buy a Mexican company or lend to Mexican government). This will add to Mexico’s capital account, which will return the BoP to 0. Dollar stronger at new equilibr ...
... rate affect investment flows? What would this do to the BoP and the exchange rate? ANSWER: The US will increase investment in Mexico (maybe buy a Mexican company or lend to Mexican government). This will add to Mexico’s capital account, which will return the BoP to 0. Dollar stronger at new equilibr ...
Lab 3B
... Using the results of your graphs, write two paragraphs that summarize your conclusions. How do savings rates vary across countries? What country characteristics are associated with higher savings rates? Can you make policy recommendations based on your results? Relate your conclusions to the Solow m ...
... Using the results of your graphs, write two paragraphs that summarize your conclusions. How do savings rates vary across countries? What country characteristics are associated with higher savings rates? Can you make policy recommendations based on your results? Relate your conclusions to the Solow m ...
Sustainable macroeconomic balance and the implications for
... turnaround in the financial account, it is possible that a deficit might exist for a period of time on both accounts (Onafowora, 2003). This must then be financed by official reserves from the central bank. To summarise, a current-account deficit is not a bad thing as long as it is sustainable throu ...
... turnaround in the financial account, it is possible that a deficit might exist for a period of time on both accounts (Onafowora, 2003). This must then be financed by official reserves from the central bank. To summarise, a current-account deficit is not a bad thing as long as it is sustainable throu ...
Wermuth`s Investment Outlook - October 2011
... short period of time, and Ireland seems to be doing it as well. The others are scared of the deep recessions caused by such crash programs, and prefer to drag their feet. 22. Since Germany pursues fairly restrictive fiscal and incomes policies, the others have to be even more restrictive. These poli ...
... short period of time, and Ireland seems to be doing it as well. The others are scared of the deep recessions caused by such crash programs, and prefer to drag their feet. 22. Since Germany pursues fairly restrictive fiscal and incomes policies, the others have to be even more restrictive. These poli ...
the BP Curve
... Suppose exchange rates are fixed. How does the system adjust to a “shock” such as an increase in foreign income? This should increase exports, shifting BP rightwards to BP′. The IS curve will shift rightwards to IS′. To maintain the fixed exchange rate, the central bank must purchase the s ...
... Suppose exchange rates are fixed. How does the system adjust to a “shock” such as an increase in foreign income? This should increase exports, shifting BP rightwards to BP′. The IS curve will shift rightwards to IS′. To maintain the fixed exchange rate, the central bank must purchase the s ...
FedViews
... Professional Forecasters have been within a fairly tight range. However, underlying inflation measures have trended lower in recent quarters. Despite recent increases in energy prices and the decline in the value of the dollar, the headline personal consumption expenditures price index (PCEPI) rose ...
... Professional Forecasters have been within a fairly tight range. However, underlying inflation measures have trended lower in recent quarters. Despite recent increases in energy prices and the decline in the value of the dollar, the headline personal consumption expenditures price index (PCEPI) rose ...
Rec. GAP
... To solve the Infl. Gap with monetary policy, the fed needs to sell government bonds to lower loans and the money supply to raise interest rates to lower investment spending and decrease AD to AD’. ...
... To solve the Infl. Gap with monetary policy, the fed needs to sell government bonds to lower loans and the money supply to raise interest rates to lower investment spending and decrease AD to AD’. ...
NBER WORKING PAPER SERIES FISCAL PREREQUISITES FOR A VIABLE A NON-TECHNICAL
... period of lower money growth) may be higher inflation both earlier and ...
... period of lower money growth) may be higher inflation both earlier and ...