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FedViews
... participation rate and the employment-to-population ratio remained low, broader indicators of labormarket slack such as the share of total unemployed plus those workers employed part-time for economic reasons and those marginally attached to the labor force have improved. We expect the unemployment ...
... participation rate and the employment-to-population ratio remained low, broader indicators of labormarket slack such as the share of total unemployed plus those workers employed part-time for economic reasons and those marginally attached to the labor force have improved. We expect the unemployment ...
Admission Examination in Economics
... 5. Complete the sentences: The notion of potential GDP relates to the output level, which cannot be increased in the ________-run. In the _________-run, however, the government can use expansionary _______________ and/or monetary policy to _____________ the output level above the potential GDP. Yet, ...
... 5. Complete the sentences: The notion of potential GDP relates to the output level, which cannot be increased in the ________-run. In the _________-run, however, the government can use expansionary _______________ and/or monetary policy to _____________ the output level above the potential GDP. Yet, ...
Best Essay from a First Year Student
... Consequently, Australia becomes more vulnerable to external shocks, such as a downturn in the Chinese economy. Australia is also exposed to large fluctuations in commodity prices, which considerably influences export earnings, leading to increased volatility in the current account deficit. ...
... Consequently, Australia becomes more vulnerable to external shocks, such as a downturn in the Chinese economy. Australia is also exposed to large fluctuations in commodity prices, which considerably influences export earnings, leading to increased volatility in the current account deficit. ...
Review, Chapters 15-17
... Fiscal automatic stabilizers Government spending and taxes that automatically increase or decrease with the business cycle •progressive income tax/unemployment benefits/food stamps / other entitlements Cyclically adjusted budget deficit or surplus The deficit or ...
... Fiscal automatic stabilizers Government spending and taxes that automatically increase or decrease with the business cycle •progressive income tax/unemployment benefits/food stamps / other entitlements Cyclically adjusted budget deficit or surplus The deficit or ...
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
... (a) Why do you think a worker would be prepared to work for very low wages? ...
... (a) Why do you think a worker would be prepared to work for very low wages? ...
... Exports of goods totalled US$ 13.116 billion in 2014, a drop of 3.6% on 2013 levels. The most dramatic falls were seen in cotton fibres (-77%) and cereals (-20%), but the country’s core export sectors, such as soybeans (-8%) and electricity (-2.6%), also declined. The latter two sectors each account ...
APEC Meeting Documents - APEC Meeting Document Database
... The Bank of Russia tightened its monetary policy at the beginning of 2011 amid rising inflation. The monetary regulator took decisions to raise the refinancing rate and rates on other Bank of Russia operations. As a result, from 3 May 2011, the refinancing rate was raised from 8.0% to 8.25% and on 2 ...
... The Bank of Russia tightened its monetary policy at the beginning of 2011 amid rising inflation. The monetary regulator took decisions to raise the refinancing rate and rates on other Bank of Russia operations. As a result, from 3 May 2011, the refinancing rate was raised from 8.0% to 8.25% and on 2 ...
... In 2014, the Dominican external sector mirrored developments in the international economy, especially the gradual economic recovery in the United States. Total exports rose by 5.3%, down slightly from 5.5% in 2013. That growth was fuelled largely by significant increases in exports of gold and silve ...
g - University of Ottawa
... impact on long-run equilibria. It is common to speak of ‘path-dependence’ for such a characteristic. It is possible to show that this kind of model displays hysteresis in the sense of a ‘permanent effect of a transitory shock’ (Olivier 1999). ...
... impact on long-run equilibria. It is common to speak of ‘path-dependence’ for such a characteristic. It is possible to show that this kind of model displays hysteresis in the sense of a ‘permanent effect of a transitory shock’ (Olivier 1999). ...
Currency derivatives and the disconnection between exchange rate
... Exchange rate volatility is widely regarded by policy makers and the general public as detrimental to international trade. This belief contrasts sharply with the near absence of evidence on a relation between exchange rate volatility and international trade4 - or any other real economic variable for ...
... Exchange rate volatility is widely regarded by policy makers and the general public as detrimental to international trade. This belief contrasts sharply with the near absence of evidence on a relation between exchange rate volatility and international trade4 - or any other real economic variable for ...
Republica_Dominicana_en.pdf
... target of 4.5% (± 1 percentage point). At the end of May 2014, inflation stood at 3.7%. With regard to the balance of payments, the current account deficit could widen somewhat, to around 5% of GDP, in light of the performance of exports and a possible increase in oil prices. ...
... target of 4.5% (± 1 percentage point). At the end of May 2014, inflation stood at 3.7%. With regard to the balance of payments, the current account deficit could widen somewhat, to around 5% of GDP, in light of the performance of exports and a possible increase in oil prices. ...
Intermediate Macroeconomics,Assignment 5
... a. California has a fixed exchange-rate regime with other states. b. Since California has a fixed exchange-rate regime, it should use fiscal policy to stimulate employment. As a matter of fact, it cannot use monetary policy along at all as it has to maintain a fixed exchange rate. c. Imposing import ...
... a. California has a fixed exchange-rate regime with other states. b. Since California has a fixed exchange-rate regime, it should use fiscal policy to stimulate employment. As a matter of fact, it cannot use monetary policy along at all as it has to maintain a fixed exchange rate. c. Imposing import ...
Paraguay_en.pdf
... (by 15.2%), euro (4.5%), Argentine peso (16.5%) and Brazilian real (19.3%). The guaraní nonetheless showed considerable volatility in 2011 as a result of international economic uncertainty. The current account deficit helped to slow the appreciation of the guaraní against the dollar, which was evide ...
... (by 15.2%), euro (4.5%), Argentine peso (16.5%) and Brazilian real (19.3%). The guaraní nonetheless showed considerable volatility in 2011 as a result of international economic uncertainty. The current account deficit helped to slow the appreciation of the guaraní against the dollar, which was evide ...
View/Open
... necessities. A significant danger is that by increasing the price of imports and stimulating greater demand for domestic products, devaluation can aggravate inflation. If this happens, the government may have to raise interest rates to control inflation, but at the cost of slower economic growth. An ...
... necessities. A significant danger is that by increasing the price of imports and stimulating greater demand for domestic products, devaluation can aggravate inflation. If this happens, the government may have to raise interest rates to control inflation, but at the cost of slower economic growth. An ...
Brazil: Stability Pays off – Strong Growth, but also Major
... Capacity utilization in industry now stands at 83%, back above the long-term average of 81% (January 2003 to April 2010), which in turn points to brisk investment activity in the coming quarters. As a counter-measure against overheating of the Brazilian economy the government announced expenditure c ...
... Capacity utilization in industry now stands at 83%, back above the long-term average of 81% (January 2003 to April 2010), which in turn points to brisk investment activity in the coming quarters. As a counter-measure against overheating of the Brazilian economy the government announced expenditure c ...
What Determines the Value of the Australian Dollar?
... September and a further $100million in October. The RBA is prepared to use foreign exchange intervention if it believes it is facing a 'serious overshoot' in the exchange rate in either direction. The Reserve Bank also indirectly influenced the value of the Australian dollar in 2000 through its fore ...
... September and a further $100million in October. The RBA is prepared to use foreign exchange intervention if it believes it is facing a 'serious overshoot' in the exchange rate in either direction. The Reserve Bank also indirectly influenced the value of the Australian dollar in 2000 through its fore ...
EC 132 Discussion Note PS2 CHIU P.1 Disclaimer:
... Discuss the following statement, making use of the Fisher equation where appropriate: Unanticipated inflation causes a redistribution from lenders to borrowers, where a fully anticipated inflation does not. Definition: (Fisher equation) The relationship between observed, or nominal interest rates an ...
... Discuss the following statement, making use of the Fisher equation where appropriate: Unanticipated inflation causes a redistribution from lenders to borrowers, where a fully anticipated inflation does not. Definition: (Fisher equation) The relationship between observed, or nominal interest rates an ...
Question 1
... For a small economy in a fixed exchange rate system that begins in period 0 at the long-run equilibrium point A, the government cuts net taxes moving the aggregate demand curve from its initial position AD to AD´ so that the economy is in short-run equilibrium in period 1 at point B. Assume the back ...
... For a small economy in a fixed exchange rate system that begins in period 0 at the long-run equilibrium point A, the government cuts net taxes moving the aggregate demand curve from its initial position AD to AD´ so that the economy is in short-run equilibrium in period 1 at point B. Assume the back ...
Uruguay_en.pdf
... average of 3% in 2010. The indigence rate fell to around 0.6% of households and 1.1% of the population. Poverty fell by 2 percentage points compared with 2009, affecting 12.6% of households and 18.6% of the national population. (c) The external sector Over the course of 2010, the current account w ...
... average of 3% in 2010. The indigence rate fell to around 0.6% of households and 1.1% of the population. Poverty fell by 2 percentage points compared with 2009, affecting 12.6% of households and 18.6% of the national population. (c) The external sector Over the course of 2010, the current account w ...
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... How does the DORNBUSCH model behave when monetary policy follows a TAYLOR-type interest rate rule instead of a money supply target? This is the question addressed in the present section. Formally, we replace the LM condition (1.2) by an interest rule that does not include the money stock variable. A ...
... How does the DORNBUSCH model behave when monetary policy follows a TAYLOR-type interest rate rule instead of a money supply target? This is the question addressed in the present section. Formally, we replace the LM condition (1.2) by an interest rule that does not include the money stock variable. A ...
Effect of Lower interest rates:
... • Aims to stimulate borrowing by banks and consumers... • Stimulate economy with increased economic activity... ...
... • Aims to stimulate borrowing by banks and consumers... • Stimulate economy with increased economic activity... ...
10 - CSUN.edu
... propensities to consume of the government and of taxpayers. If the government spends $1 more and finances this spending by taxing the public $1 more, aggregate demand will have risen because the government spends the entire $1, while the public reduces its spending by less than $1 (i.e., $1 x mpc –w ...
... propensities to consume of the government and of taxpayers. If the government spends $1 more and finances this spending by taxing the public $1 more, aggregate demand will have risen because the government spends the entire $1, while the public reduces its spending by less than $1 (i.e., $1 x mpc –w ...
Turrini
... Structural aspects matter for the working of monetary unions, including concerning labour market institutions ...
... Structural aspects matter for the working of monetary unions, including concerning labour market institutions ...
Guyana_en.pdf
... succeeded in cutting the budget before it was finally approved by the parliament in April. Key government policies have been affected by this situation, including the Low-Carbon Development Strategy and various capital expenditure projects. The central bank’s monetary policy has accommodated growth ...
... succeeded in cutting the budget before it was finally approved by the parliament in April. Key government policies have been affected by this situation, including the Low-Carbon Development Strategy and various capital expenditure projects. The central bank’s monetary policy has accommodated growth ...
Venezuela_en.pdf
... of Venezuelan foreign exchange bonds with a maturity of 90 days (for a total of US$ 521 million) took place in order to reduce pressure on the official exchange rate.2 Nevertheless, in view of the continuing excess demand for dollars and its impact on the parallel exchange rate, the law on illegal c ...
... of Venezuelan foreign exchange bonds with a maturity of 90 days (for a total of US$ 521 million) took place in order to reduce pressure on the official exchange rate.2 Nevertheless, in view of the continuing excess demand for dollars and its impact on the parallel exchange rate, the law on illegal c ...