short_run - YSU
... • In long-run, saving has positive effects on economy. • But in short-run, automatic mechanisms of classical model do not keep economy operating at its potential. ...
... • In long-run, saving has positive effects on economy. • But in short-run, automatic mechanisms of classical model do not keep economy operating at its potential. ...
PDF
... We are not in a position to comment on the degree of fiscal and/or monetary restraint needed. It is, of course, the usual IMF message for most LDC governments facing deficits on external and internal accounts, inflation or debt problems. The message was echoed recently for Kenya by Julin and Levin ( ...
... We are not in a position to comment on the degree of fiscal and/or monetary restraint needed. It is, of course, the usual IMF message for most LDC governments facing deficits on external and internal accounts, inflation or debt problems. The message was echoed recently for Kenya by Julin and Levin ( ...
Economic Outlook Symposium: Summary of 2016 results and 2017
... units in 2017 and 18.6 million units by 2023. U.S. light vehicle sales are projected to peak at 17.5 million units in 2017 (a somewhat higher estimate than the symposium’s consensus median forecast of 17.3 million units) and then gradually decline through 2023. The prices of vehicles have risen on a ...
... units in 2017 and 18.6 million units by 2023. U.S. light vehicle sales are projected to peak at 17.5 million units in 2017 (a somewhat higher estimate than the symposium’s consensus median forecast of 17.3 million units) and then gradually decline through 2023. The prices of vehicles have risen on a ...
GDP
... the effect of inflation on the growth of GDP. … this measure is called Current Dollar GDP. ...
... the effect of inflation on the growth of GDP. … this measure is called Current Dollar GDP. ...
6. Public Finance
... are not a stable and permanent source of revenues. Tax revenues stood a little above the target, while primary expenditures maintained the high-rated increase that started in 2012 and increased above the target in 2014. The MTP covering the 2015-2017 period envisages a fiscal policy that will reduce ...
... are not a stable and permanent source of revenues. Tax revenues stood a little above the target, while primary expenditures maintained the high-rated increase that started in 2012 and increased above the target in 2014. The MTP covering the 2015-2017 period envisages a fiscal policy that will reduce ...
Lec 28
... labor, land, and capital. The respective names for the prices of labor, land, and capital are wages, rent and profit. Households (people), in the circular flow, own all the labor, land and capital. In markets for factors of production, households sell the services of labor, land and capital to firms ...
... labor, land, and capital. The respective names for the prices of labor, land, and capital are wages, rent and profit. Households (people), in the circular flow, own all the labor, land and capital. In markets for factors of production, households sell the services of labor, land and capital to firms ...
Presentation
... Across the globe, GDP is falling and unemployment is rising . . . Real GDP Growth ...
... Across the globe, GDP is falling and unemployment is rising . . . Real GDP Growth ...
"Bad News" on the Trade Deficit
... Worries persist that the record U.S. trade deficit is weighing down the nation's economy, depressing output, and sending jobs overseas. Those worries have only increased in recent weeks as various measures of the deficit have reached new records. On December 14, the Commerce Department announced tha ...
... Worries persist that the record U.S. trade deficit is weighing down the nation's economy, depressing output, and sending jobs overseas. Those worries have only increased in recent weeks as various measures of the deficit have reached new records. On December 14, the Commerce Department announced tha ...
Emerging East Asia and Japan`s New Trade Policy
... Over 1000 regulatory reform items have been implemented, and more than 500 Special Zones for Structural Reform had been created by Spring 2005 “Invest Japan” Campaign: to double the cumulative stock of FDI in Japan since 2003 Privatization of Japan Post (the bills passed in October 2005, to be priva ...
... Over 1000 regulatory reform items have been implemented, and more than 500 Special Zones for Structural Reform had been created by Spring 2005 “Invest Japan” Campaign: to double the cumulative stock of FDI in Japan since 2003 Privatization of Japan Post (the bills passed in October 2005, to be priva ...
National Income Accounting Test - uwcmaastricht-econ
... GDP is the total market/monetary value of all FINAL goods and services produced within the geographical boundaries of a country over a specified period of time. GDP per capita is the GDP divided by the population. 1. When comparing the GDPs (or the economic growth) of different countries that have v ...
... GDP is the total market/monetary value of all FINAL goods and services produced within the geographical boundaries of a country over a specified period of time. GDP per capita is the GDP divided by the population. 1. When comparing the GDPs (or the economic growth) of different countries that have v ...
Nominal GDP Vs Real GDP
... produced in a year. Calculated using current prices when the output was produced Includes inflation It is hard to compare market values from year to year when the value of the $ itself changes (inflation or deflation) To measure changes in the quantity of output, we need a “yardstick” that s ...
... produced in a year. Calculated using current prices when the output was produced Includes inflation It is hard to compare market values from year to year when the value of the $ itself changes (inflation or deflation) To measure changes in the quantity of output, we need a “yardstick” that s ...
Publication Summary PDF
... would be clear that any spending on cars from a bailed-out auto company such as Chrysler would merely result in less spending elsewhere in the economy. The same logic would undermine arguments favoring bailouts of banks and other financial institutions. However, supply-side policy reforms could stil ...
... would be clear that any spending on cars from a bailed-out auto company such as Chrysler would merely result in less spending elsewhere in the economy. The same logic would undermine arguments favoring bailouts of banks and other financial institutions. However, supply-side policy reforms could stil ...
President’s Report Board Directors
... The expectation remains for growth to pick up through the end of the year. The growth in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures and private inventory investment that were partly offset by negative contributions from exports, no ...
... The expectation remains for growth to pick up through the end of the year. The growth in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures and private inventory investment that were partly offset by negative contributions from exports, no ...
NBER WORKING PAPER SERIES THE ROLE FOR DISCRETIONARY FISCAL POLICY Martin Feldstein
... Their reasoning, in brief, is that deflation can imply high real interest rates even if the nominal interest rate is reduced to a near-zero level. Such high real rates would push the economy deeper into recession and cause an even faster decline of prices. They conclude that to avoid this vicious d ...
... Their reasoning, in brief, is that deflation can imply high real interest rates even if the nominal interest rate is reduced to a near-zero level. Such high real rates would push the economy deeper into recession and cause an even faster decline of prices. They conclude that to avoid this vicious d ...
Inflation, Deflation and Stagflation
... Prof. J. M. Keynes are strongly of the view that prices can be stabilized more by fiscal measures than by monetary steps. The Govt. adopt the following methods to control the deflation situation: ...
... Prof. J. M. Keynes are strongly of the view that prices can be stabilized more by fiscal measures than by monetary steps. The Govt. adopt the following methods to control the deflation situation: ...
Fiscal Policy Through the Cycle: The Colombian Experience
... Colombia has been pro-cyclical for the last 45 years or so, with the primary surplus falling (and the deficit rising) by approximately 1/5th of a percentage point when the output gap improved by one percentage point •Coefficient a1 falls from 1/5 (for primary balance equation) to 1/10 (for total bal ...
... Colombia has been pro-cyclical for the last 45 years or so, with the primary surplus falling (and the deficit rising) by approximately 1/5th of a percentage point when the output gap improved by one percentage point •Coefficient a1 falls from 1/5 (for primary balance equation) to 1/10 (for total bal ...
Aggregate Supply and Aggregate Demand
... Employment falls, Unemployment rises, Real wage rises, Real GDP falls ...
... Employment falls, Unemployment rises, Real wage rises, Real GDP falls ...
Ch.4: Measuring GDP and economic growth
... – Inventory adjustments account for goods produced in one year but sold in another • if inventories rise by $10 million during 2010, $10 million is added to sales of final goods & services • If inventories fall by $10 million during 2010, $10 million is subtracted from sales of final goods & service ...
... – Inventory adjustments account for goods produced in one year but sold in another • if inventories rise by $10 million during 2010, $10 million is added to sales of final goods & services • If inventories fall by $10 million during 2010, $10 million is subtracted from sales of final goods & service ...
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.