National Saving and International ~ves~ment Norman S. Fieleke*
... if it is likely that any increased saving will be invested at home; other things equal, a nation receives a higher return on its saving invested at home than on its saving invested abroad because foreign taxes are collected on earnings from investments abroad. Second, if saving--and more generally, ...
... if it is likely that any increased saving will be invested at home; other things equal, a nation receives a higher return on its saving invested at home than on its saving invested abroad because foreign taxes are collected on earnings from investments abroad. Second, if saving--and more generally, ...
Chapter 14
... level, it also affects the expected inflation rate, which is the inflation rate that you expect. Changes in the money supply affect the expected inflation rate, either directly or indirectly. The equation of exchange indicates that the greater the increase in the money supply is, the greater the ris ...
... level, it also affects the expected inflation rate, which is the inflation rate that you expect. Changes in the money supply affect the expected inflation rate, either directly or indirectly. The equation of exchange indicates that the greater the increase in the money supply is, the greater the ris ...
wiiw Balkan Observatory Working Paper 43: Slovenia
... After its declaration of independence in June 1991, Slovenia was for several months not politically recognized. The country became an UN member only in May 1992, and a member of international finance institutions later on in 1992 and in early 1993. Slovenia had no need to enter into an IMF sponsored ...
... After its declaration of independence in June 1991, Slovenia was for several months not politically recognized. The country became an UN member only in May 1992, and a member of international finance institutions later on in 1992 and in early 1993. Slovenia had no need to enter into an IMF sponsored ...
Document
... 13. The time between the perceived need for a policy change and its ultimate affect on the economy is called the transmission lag. Ans: False Dif: M 14. The transmission lag can last well over a year. Ans: True Dif: E 15. It is likely that the practice of discretionary monetary policy pushes up a na ...
... 13. The time between the perceived need for a policy change and its ultimate affect on the economy is called the transmission lag. Ans: False Dif: M 14. The transmission lag can last well over a year. Ans: True Dif: E 15. It is likely that the practice of discretionary monetary policy pushes up a na ...
AN AGGREGATE MODEL FOR THE EUROPEAN UNION Alberto
... demonstrating that cointegration can eliminate aggregation bias in much the same way that it eliminates simultaneity or error in variables bias. Sufficient conditions for the aggregation bias to vanish asymptotically are provided by Ghose [11] in the linear aggregation case and by Lewbel [23] in the ...
... demonstrating that cointegration can eliminate aggregation bias in much the same way that it eliminates simultaneity or error in variables bias. Sufficient conditions for the aggregation bias to vanish asymptotically are provided by Ghose [11] in the linear aggregation case and by Lewbel [23] in the ...
The Phillips Curve – The Case of Indian Data
... the current state regardless of the size of used.3 We modified the filter in our study to adjust for the sensitivity of the trend to short-term fluctuations and this is achieved by modifying the ...
... the current state regardless of the size of used.3 We modified the filter in our study to adjust for the sensitivity of the trend to short-term fluctuations and this is achieved by modifying the ...
The International Financial Intregration of China and India Philip R. Lane
... In this section, we document the major trends in the evolution of the international financial integration of China and India.8 To do so, we study the international balance sheets of each country. As mentioned above, we analyze: net foreign asset positions; gross holdings of foreign assets and foreig ...
... In this section, we document the major trends in the evolution of the international financial integration of China and India.8 To do so, we study the international balance sheets of each country. As mentioned above, we analyze: net foreign asset positions; gross holdings of foreign assets and foreig ...
central banking after the crisis
... stabilizing inflation in the long run, often with an announcement of an explicit numerical objective, but which also allows for the central bank to pursue policies to stabilize output around its natural level in the short run. The flexible inflation targeting strategy was deemed to be very successf ...
... stabilizing inflation in the long run, often with an announcement of an explicit numerical objective, but which also allows for the central bank to pursue policies to stabilize output around its natural level in the short run. The flexible inflation targeting strategy was deemed to be very successf ...
Government Spending Effects in Low-income Countries
... from higher taxes offset some of the expansionary effects of government spending. The significance of external financing in government spending effects nonetheless diminishes when international capital mobility becomes high. The appreciated real exchange rate due to increased government external bor ...
... from higher taxes offset some of the expansionary effects of government spending. The significance of external financing in government spending effects nonetheless diminishes when international capital mobility becomes high. The appreciated real exchange rate due to increased government external bor ...
Targeting Constant Money Growth at the Zero
... statements promising to keep short-term interest rates low for an extended period of time, even as the economy began to recover, were directed at reducing long-term rates further, working through expectational channels on the yield curve. Thus, from this perspective, the focus of Federal Reserve pol ...
... statements promising to keep short-term interest rates low for an extended period of time, even as the economy began to recover, were directed at reducing long-term rates further, working through expectational channels on the yield curve. Thus, from this perspective, the focus of Federal Reserve pol ...
Metroeconomica paper outline proposal (10-04-03)
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
Are Long-run Price Stability and Short-run Output
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
RBC and New Keynesian Models
... shift work effort over time as real wages and real interest rates change • An increase (decrease) in productivity raises (lowers) the real wage today, so that workers are willing to work more (less), thus both employment and output will rise (fall) while unemployment will fall (rise) • The economy i ...
... shift work effort over time as real wages and real interest rates change • An increase (decrease) in productivity raises (lowers) the real wage today, so that workers are willing to work more (less), thus both employment and output will rise (fall) while unemployment will fall (rise) • The economy i ...
Macro Economics - RuralNaukri.com
... An economic activity is ultimately aimed at providing the desired and necessary goods and services to the population. The GDP is the most comprehensive measure of the value of economic activity in an economy. It is the measure of the market value of all goods and services produced by factors – labor ...
... An economic activity is ultimately aimed at providing the desired and necessary goods and services to the population. The GDP is the most comprehensive measure of the value of economic activity in an economy. It is the measure of the market value of all goods and services produced by factors – labor ...
Macro Economics
... An economic activity is ultimately aimed at providing the desired and necessary goods and services to the population. The GDP is the most comprehensive measure of the value of economic activity in an economy. It is the measure of the market value of all goods and services produced by factors – labor ...
... An economic activity is ultimately aimed at providing the desired and necessary goods and services to the population. The GDP is the most comprehensive measure of the value of economic activity in an economy. It is the measure of the market value of all goods and services produced by factors – labor ...
Some Lags in Monetary Policy
... «9deteradnant of market interest ratee9 the direction of changes in the base indicate the direction in which the money supply* bank credit and interest rates will be moved by policy actiono At this point* we come to the first lag of any consequence? the lag of the money supply^bank credit or intere ...
... «9deteradnant of market interest ratee9 the direction of changes in the base indicate the direction in which the money supply* bank credit and interest rates will be moved by policy actiono At this point* we come to the first lag of any consequence? the lag of the money supply^bank credit or intere ...
Exercises for Chapter 26
... 11. If the current market interest rate for loanable funds is below the equilibrium level, then the quantity of loanable funds a. demanded will exceed the quantity of loanable funds supplied and the interest rate will rise. b. supplied will exceed the quantity of loanable funds demanded and the inte ...
... 11. If the current market interest rate for loanable funds is below the equilibrium level, then the quantity of loanable funds a. demanded will exceed the quantity of loanable funds supplied and the interest rate will rise. b. supplied will exceed the quantity of loanable funds demanded and the inte ...
monetary policy report
... suggests that lower inflation has reduced the persistence of inflationary shocks (Taylor 2000). If changes in relative costs and prices, such as fluctuations in the cost of imported goods and services, are not viewed as persistent, they are less likely to affect inflation expectations and, hence, th ...
... suggests that lower inflation has reduced the persistence of inflationary shocks (Taylor 2000). If changes in relative costs and prices, such as fluctuations in the cost of imported goods and services, are not viewed as persistent, they are less likely to affect inflation expectations and, hence, th ...
10 - Weber State University
... A) the growth rate of output equals the growth rate of capital. B) the growth rate of output equals the growth rate of population. C) the growth rate of output times the population growth rate equals the growth rate of capital. D) the growth rate of capital equals the growth rate of the population. ...
... A) the growth rate of output equals the growth rate of capital. B) the growth rate of output equals the growth rate of population. C) the growth rate of output times the population growth rate equals the growth rate of capital. D) the growth rate of capital equals the growth rate of the population. ...
Does Immigration Affect the Phillips Curve? Some Evidence for Spain
... as mentioned above, there is research on the possibility of a non-zero unemploymentinflation tradeoff in the long-run Spanish PC, which focuses on the interaction between money growth and nominal frictions by estimating reduced form inflation equations (Karanassou et al., 2002). Lastly, and closer to ...
... as mentioned above, there is research on the possibility of a non-zero unemploymentinflation tradeoff in the long-run Spanish PC, which focuses on the interaction between money growth and nominal frictions by estimating reduced form inflation equations (Karanassou et al., 2002). Lastly, and closer to ...
Economic Fluctuations, Unemployment, and Inflation
... lower than the natural rate. b. Actual GDP will be lower than potential GDP. c. Actual employment will exceed what is ...
... lower than the natural rate. b. Actual GDP will be lower than potential GDP. c. Actual employment will exceed what is ...
The data are collected at a quarterly frequency, over a
... but rather reflects the endogenous choice of households and firms ("endogenous" money).3 Moreover, we provide a brief survey of the existing literature on the crossborder transmission of monetary shocks, both theoretical and empirical, in order to shed some light on the possible channels though whic ...
... but rather reflects the endogenous choice of households and firms ("endogenous" money).3 Moreover, we provide a brief survey of the existing literature on the crossborder transmission of monetary shocks, both theoretical and empirical, in order to shed some light on the possible channels though whic ...
(I):
... stocks of k0 but all of them would have the same steady state k*). Economists call this the "convergence hypothesis". This hypothesis is certainly true, but notice that there is a big ONLY on it. ...
... stocks of k0 but all of them would have the same steady state k*). Economists call this the "convergence hypothesis". This hypothesis is certainly true, but notice that there is a big ONLY on it. ...
Lecture notes on the Cambridge equation and the neo
... adjustment of aggregate capacity to a normal utilisation rate. Therefore, also for Sraffian economists a market economy has the ability to accommodate, through the variability of the degree of capacity utilisation, variations in the accumulation rate decided by the entrepreneurs. The idea of Sraffia ...
... adjustment of aggregate capacity to a normal utilisation rate. Therefore, also for Sraffian economists a market economy has the ability to accommodate, through the variability of the degree of capacity utilisation, variations in the accumulation rate decided by the entrepreneurs. The idea of Sraffia ...
1.The aggregate demand curve shows the relationship between
... corrects very ____ and when the output gap is very ____. A) rapidly; large B) rapidly; small C) rapidly; recent D) slowly; large E) slowly; small Answer: D Learning Objective: Self-correcting economy Level of Learning: Knowledge Type: Word Problem Source: Unique 30.Starting from long-run equilibrium ...
... corrects very ____ and when the output gap is very ____. A) rapidly; large B) rapidly; small C) rapidly; recent D) slowly; large E) slowly; small Answer: D Learning Objective: Self-correcting economy Level of Learning: Knowledge Type: Word Problem Source: Unique 30.Starting from long-run equilibrium ...