Course “Macroeconomic Policy” Prof. Martin Gilman

Slides:

Advertisements

Similar presentations

Outlook for the US Economy in the Coming Year Steven Kyle Cornell University December 10, 2013.

Advertisements

A2 Economics PowerPoint Briefings 2009 Euro Area in Charts tutor2u ™ tutor2u ™

Measuring Macroeconomic Variables

Introduction Macroeconomics is the study of the structure and performance of national economies and of the government policies used to influence economic.

SSEMA 1, 2.3. What is Macroeconomics? The study of the performance of our economy as a whole.

Macroeconomics unit What you should know by now. You should be able to : Define the following: Gross Domestic Product (GDP) & the 4 components Unemployment.

NOMINAL GDP vs. REAL GDP.

2Q | 2011 Guide to the Markets As of March 31, 2011.

 What is inflation? --a general upward movement in price of goods and services in an economy  What is deflation? --a general downward movement in.

Applied Macroeconomics Professor Martin Gilman CLASS # 9 30 October 2012.

The Macroeconomic Outlook for the Euro Area Ray Barrell (NIESR) March 2005.

The Product Market Equation x = p + q. The Product Market Equation.

Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 2 Measurement.

Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 2 Measurement.

Monetary Policy. Purpose Monetary policy attempts to establish a stable environment so the economy achieves high levels of output and employment. How.

Real GDP 3-5% Unemployment Rate 5% Further it goes under this Rate, the higher the inflation rate Inflation Rates- 0-2% CPI and PPI- 0-2%

Outline 4: Exchange Rates and Monetary Economics: How Changes in the Money Supply Affect Exchange Rates and Forecasting Exchange Rates in the Short Run.

Measuring the Economy’s Performance Chapter 13. National Income Accounting Measurement of the national economy’s performance, dealing with the overall.

Eco 13/2 Correcting Statistics for Inflation. Inflation  GDP can be unreliable because it doesn’t take into account unpaid work or depreciation.  Inflation.

Chapter 13, Section 2 Price Indexes. Constructing a Price Index Used to measure changes in P. over time Created by selecting a base year and a representative.

Module The Measurement and Calculation of Inflation KRUGMAN'S MACROECONOMICS for AP* 15 Margaret Ray and David Anderson.

Macroeconomics CHAPTER 7 Tracking the Macroeconomy PowerPoint® Slides by Can Erbil © 2005 Worth Publishers, all rights reserved.

Business Administration & Management Mr. Bernstein Managing An Economy, pp February 24, 2015.

Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian.

Domestic Politics and Money. Learning output of the class: - better understanding of the current international monetary system - better understanding.

Day 1 Some Basic Reminders (1) There is simply too much information to understand our world around us (2) Economic theory can be useful, but is incomplete.

Recent Developments in the Japanese Economy (1) Real Economic Growth and Productivity (2) Unemployment and Labor Market Conditions (3) Inflation and Asset.

‘Stoga Price Index & Inflation Closure Understand limitations of CPI Demonstrate understanding of GDP Deflator calculation Understand causes of inflation.

Eco Unit 5. Economic Growth Economic growth is the increase in the market value of the goods and services produced by an economy over time.

Federal Planning Bureau Economic analyses and forecasts Economic budget 2008 Evaluation of risks and uncertainties.

The Equation of Exchange & Money Neutrality

MACRO ECONOMICS.

Taiwan and the Global Economy – Where We Stand

Introduction to Macroeconomics Chapter 17

Economic Indicators for Informed Citizens

ECN 202: Principles of Macroeconomics Nusrat Jahan Lecture-7

Globalisation…. What is globalisation? Definition of globalisation ‘The ability to produce any goods (or service) anywhere in the world, using raw.

Why Study Financial Markets?

AP Macroeconomics Fall 2013

Macro – Economic Indicators

Macroeconomics The Big Picture.

Monetary Policy in Peru

Brexit and the UK Economy

How does GDP measure the state of the economy?

Inflation rate (π) Output (Y ) ASR0 ASR1 ADE1 ADE0

The Economy and Iowa Credit Unions

APK: Activation of Prior Knowledge Write at least 2-3 sentences describing a time when… you relied and/or hoped for someone to help you fix a bad financial.

Introduction to the UK Economy

You will be given the answer. You must give the correct question.

Correcting Stats for Inflation & Aggregate Supply and Demand

INTRODUCTION AND MEASUREMENT

វិទ្យាស្ថានខ្មែរជំនាន់ថ្មី Institute of New Khmer

Economics - 3 Evaluating Economic Performance

A2 Business Studies Unit 4

Inflation & Interest Rates

ECONOMICS: April 20 Warm-up: If the economy is experiencing a recession, would the Fed increase or decrease the money supply? Why?

Introduction to Economics Johnstown High School Mr. Cox

Macroeconomic Questions

Scenario: Real GDP is 3,000 units, the average price level is $4 a unit and the quantity of money in the economy is $1,500. Calculate the velocity of.

ECONOMICS Chapter 13.2: Correcting Statistics for Inflation Learning Target: Understand Inflation & how to measure it Success Criteria You should be.

ECONOMICS: November 13 Warm-up If the economy is experiencing a recession, to get the economy back on track: (1) Would the government increase or decrease.

Flash indicator of macroecnomic inflation

Macroeconomic Effect of

Macroeconomics Economic Indicators.

Correcting Statistics for Inflation

FIGURE 11.1 GDP and the Circular Flow

Economics Klein Oak High School

AP ECONOMICS: February 15

“Applied International Economics – an analysis of current issues”

Presentation transcript:

Course “Macroeconomic Policy” Prof. Martin Gilman CLASS #5 15 February 2017

US. Velocity of Money since 1960 An extra dollar generates the least GDP ever in the U.S.

US. Citibank Stagflation

US. Inflation measures since 1990

EA. PMI indicator since 2005

US treasury yields. February 13

US. DB projection of FED SOMA (system of open MKT accounts)

US. monthly S and P since 1995

US. dollar and interest rate divergence

German inflation since 2013

China prices PPI and OECD CPI

Emerging Markets will dominate the World’s Top 10 Economies in 2050 (GPD at PPPs)

Projected GPD rankings (at PPPs)

Projected average real GPD growth p.a., 2016-2050