This PDF is a selec on from a published volume... Bureau of Economic Research
... would offset much—though not all—of the rise in spending on health care programs and Social Security. As a result, debt held by the public as a share of GDP would increase only slowly from its current high level. However, CBO estimates that the budget outlook is much bleaker under an “alternative fis ...
... would offset much—though not all—of the rise in spending on health care programs and Social Security. As a result, debt held by the public as a share of GDP would increase only slowly from its current high level. However, CBO estimates that the budget outlook is much bleaker under an “alternative fis ...
Measuring the Wealth of the Nation”
... We call GDP that has been adjusted for price changes real GDP. If it isn’t adjusted for price changes, we call it nominal GDP. To compute real GDP in a given year, use the following ...
... We call GDP that has been adjusted for price changes real GDP. If it isn’t adjusted for price changes, we call it nominal GDP. To compute real GDP in a given year, use the following ...
Japan´s Lost Decade
... systematic crisis. The national currency, the Icelandic krona, plummeted. The local stock index fell catastrophically due to the bankruptcy of the country’s banks. The formerly booming real estate market slumped. The reasons for this economic crisis in Iceland are complex and not to be assigned sole ...
... systematic crisis. The national currency, the Icelandic krona, plummeted. The local stock index fell catastrophically due to the bankruptcy of the country’s banks. The formerly booming real estate market slumped. The reasons for this economic crisis in Iceland are complex and not to be assigned sole ...
6. P F ublic inance
... The central government budget deficit posted a year-on-year deterioration in the third quarter due to the upsurge in primary expenditures and the limited rise in consumption-based taxes. Among primary expenditures, the rise in current transfers besides public investment and public consumption expend ...
... The central government budget deficit posted a year-on-year deterioration in the third quarter due to the upsurge in primary expenditures and the limited rise in consumption-based taxes. Among primary expenditures, the rise in current transfers besides public investment and public consumption expend ...
Macro Quiz 5.tst
... 23) A decrease in the expected inflation rate shifts the short-run Phillips curve A) downward and shifts the long-run Phillips curve leftward. B) upward and shifts long-run Phillips curve rightward. C) upward and creates a movement upward along the long-run Phillips curve. D) downward and creates a ...
... 23) A decrease in the expected inflation rate shifts the short-run Phillips curve A) downward and shifts the long-run Phillips curve leftward. B) upward and shifts long-run Phillips curve rightward. C) upward and creates a movement upward along the long-run Phillips curve. D) downward and creates a ...
NEWS RELEASE News Release No. 2007/58/DEC Contacts
... to the year 2005. PPPs are used instead of exchange rates to convert national economic measures such as gross domestic products into a common currency. By taking account of price differences between countries, PPPs allow comparisons of market size, the structure of economies, and what money can buy. ...
... to the year 2005. PPPs are used instead of exchange rates to convert national economic measures such as gross domestic products into a common currency. By taking account of price differences between countries, PPPs allow comparisons of market size, the structure of economies, and what money can buy. ...
On the definition of a recession
... A: The NBER defines expansions and recessions in terms of whether aggregate economic activity is rising or falling, and it views real GDP as the single best measure of economic activity. Real GDP rose substantially after November 2001. However, this growth in real GDP resulted entirely from producti ...
... A: The NBER defines expansions and recessions in terms of whether aggregate economic activity is rising or falling, and it views real GDP as the single best measure of economic activity. Real GDP rose substantially after November 2001. However, this growth in real GDP resulted entirely from producti ...
Chapter 16 Economic Growth
... c. If people are able to keep a large share of the income that they earn from their labor or from their capital, this income creates an incentive for further investment, risk-taking, and for research and development. d. none of the above ANS: a. Incorrect. If people are able to keep a large share of ...
... c. If people are able to keep a large share of the income that they earn from their labor or from their capital, this income creates an incentive for further investment, risk-taking, and for research and development. d. none of the above ANS: a. Incorrect. If people are able to keep a large share of ...
Introduction to Macroeconomics
... supply (and, hence, inflation) should not be left to the discretion of central bankers. • They propose a money-growth rule: The Fed should be required to target the growth rate of money such that it equals the growth rate of real GDP, leaving the price level unchanged. ...
... supply (and, hence, inflation) should not be left to the discretion of central bankers. • They propose a money-growth rule: The Fed should be required to target the growth rate of money such that it equals the growth rate of real GDP, leaving the price level unchanged. ...
Chapter 12 GDP
... • We use GDP to evaluate whether or not our economy is growing. • If we produce more goods and services this year than last year we can conclude that we are growing. • Because GDP is measured by adding up our spending on output (PRICE X quantity) this is not always clear since prices tend to rise fr ...
... • We use GDP to evaluate whether or not our economy is growing. • If we produce more goods and services this year than last year we can conclude that we are growing. • Because GDP is measured by adding up our spending on output (PRICE X quantity) this is not always clear since prices tend to rise fr ...
Chapter 15
... different generations. The Social Security Time Bomb As the baby boom generation retires and begins to collect is Social Security and Medicare benefits, the payout by the federal government on these items will be much larger than it is today. At the same time, the taxes paid by the baby boomers will ...
... different generations. The Social Security Time Bomb As the baby boom generation retires and begins to collect is Social Security and Medicare benefits, the payout by the federal government on these items will be much larger than it is today. At the same time, the taxes paid by the baby boomers will ...
March 14, 2012: The Not-So-Simple Arithmetic of Fiscal Policy in a
... multiplier. Right now the monetary authority welcomes assistance in boosting output from the other branches of government. It has committed itself to keeping short-term safe nominal interest rates at their zero nominal lower bound. It will do so even should fiscal expansion raise the expected future ...
... multiplier. Right now the monetary authority welcomes assistance in boosting output from the other branches of government. It has committed itself to keeping short-term safe nominal interest rates at their zero nominal lower bound. It will do so even should fiscal expansion raise the expected future ...
Choice, Change, Challenge, and Opportunity
... different generations. The Social Security Time Bomb As the baby boom generation retires and begins to collect is Social Security and Medicare benefits, the payout by the federal government on these items will be much larger than it is today. At the same time, the taxes paid by the baby boomers will ...
... different generations. The Social Security Time Bomb As the baby boom generation retires and begins to collect is Social Security and Medicare benefits, the payout by the federal government on these items will be much larger than it is today. At the same time, the taxes paid by the baby boomers will ...
Fiscal policy
... different generations. The Social Security Time Bomb As the baby boom generation retires and begins to collect is Social Security and Medicare benefits, the payout by the federal government on these items will be much larger than it is today. At the same time, the taxes paid by the baby boomers will ...
... different generations. The Social Security Time Bomb As the baby boom generation retires and begins to collect is Social Security and Medicare benefits, the payout by the federal government on these items will be much larger than it is today. At the same time, the taxes paid by the baby boomers will ...
Abenomics
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Abenomics (アベノミクス, Abenomikusu) refers to the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as prime minister of Japan. Abenomics is based upon ""three arrows"" of fiscal stimulus, monetary easing and structural reforms. The Economist characterized the program as a ""mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades.""The term ""Abenomics"" is a portmanteau of Abe and economics, and follows previous political neologisms for economic policies linked to specific leaders, such as Reaganomics, Clintonomics and Rogernomics.