Not Great, But Better Than Anyone Else

Slides:



Advertisements
Similar presentations
Norges Bank 1 Executive Board Meeting 20 April 2005.
Advertisements

The Israeli Economy: Maintaining a Thriving Economy in the Shadow of Terror Prof. Zvi Eckstein Deputy Governor, Bank of Israel The Jerusalem Center for.
Water Rates History since 2001 Cost per 2-month billing period, not adjusted for inflation 2012 and 2013 rates are probable, not yet adopted.
Unit 2 : Macroeconomics National Council on Economic Education Macroeconomic Questions Why does output fluctuate? What determines.
Copyright ® 2004 Global Insight, Inc. Canada’s Key Economic Policy Challenges Dale Orr Canadian Macroeconomic Services Global Insight.
Consequences of Business Fluctuations Chapter 14.
Macroeconomics: Economic growth and fluctuations Chapter 1.
Introduction Macroeconomics is the study of the structure and performance of national economies and of the government policies used to influence economic.
The current economic situation Jönköping March 2009 Deputy Governor Svante Öberg.
The Israeli Economy: Maintaining a Thriving Economy in the Shadow of Terror Prof. Zvi Eckstein Deputy Governor, Bank of Israel The Jerusalem Center for.
Economic Policy Fixed Exchange Rates. Daniels and VanHooseEconomic Policy2 Annual Growth of Per Capital Real GDP Canada France
10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt Inflation UnemploymentInflationUnemployment.
Economic Instability.
Monetary Policy Review
CAD Grant Lynch Matt Bennett Lainie Vi. In 2000, the Bank of Canada adopted a system of eight pre-set dates per year on which it announces its key.
Boom and Bust: Economic highlights of the past century Themes & Discussions.
Presented to 2009 Tennessee Federal Tax Conference William F. Fox, Director Center for Business and Economic Research The University of Tennessee, Knoxville.
Economic Ups & Downs Activity Test Review. What is real gross domestic product? O Total market value of all final goods and services produced within the.
Macroeconomic Data in Real Time Tara M. Sinclair George Washington University Weidenbaum Center Media Retreat Wianno Club in Cape Cod June 28, 2011.
Tennessee Economic Outlook Professor Matthew N. Murray UT Center for Business and Economic Research March 29, 2010.
Chapter 19: What Macroeconomics Is All About Copyright © 2014 Pearson Canada Inc.
Short-run Policy Tradeoff Chapter 17. Short-run Phillips Curve A curve showing the relationship between the inflation rate and the unemployment rate in.
Swedish experiences of monetary policy with an inflation target Governor Stefan Ingves.
Growth and the Business Cycle Chapter 8 Time period: 1 week.
Economic Goals 1 economic freedom 2 economic efficiency 3 economic equity 4 economic security 5 economic stability 6 economic growth.
My view of monetary policy Handelsbanken, March 18 th 2011 First Deputy Governor Svante Öberg.
MACROECONOMICS The Business Cycle. HOW DOES MACRO DIFFER FROM MICRO?  Read the introductory material on pages and discuss the following with.
MACROECONOMICS The Business Cycle. KEY TERMS  Macroeconomics Definition:  Business Cycle Definition:  Relationship The basic purpose of macro economics.
FISCAL CLIFF & ECONOMIC INDICATOR By: Claire Murray.
Monetary Policy Changing reserve requirements altering minimum reserve requirements altering the “discount” rate Open market operations.
Monetary Policy Update 2008:2. Repo rate raised to 4.75 per cent Repo rate will remain at same level during the year It may be necessary to reduce the.
Gross Domestic Product Definition of Gross Domestic Product Why are Changes in Real Gross Domestic Product Important? Explanations of GDP and its Components.
Monetary Policy and the Interest Rate. Fed Goals ● Fed Goals: Economic growth and price stability (inflation control) ● When the Fed wants to lower interest.
Noncompetitive division charts and policy questions The following pages provide a range of indicators (listed in alphabetical order) that you can use to.
ECONOMIC POLICY What are the problems or goals? What are the Solutions?
Recent Developments in the Japanese Economy (1) Real Economic Growth and Productivity (2) Unemployment and Labor Market Conditions (3) Inflation and Asset.
The 2006/7 Budget and Macroeconomic Policy
David Dollar Senior Fellow, Brookings Institution
Natural Rate of Unemployment
Potential GDP, resource utilisation and monetary policy Grand Hotel, Saltsjöbaden 7 October 2010 First Deputy Governor of the Riksbank Svante Öberg.
Macro – Economic Indicators
Macroeconomic Measures Wisconsin Council for the Social Studies March 21, 2011 Dr. Norm Cloutier, Director UW-Parkside Center for Economic Education.
Macroeconomics The Big Picture.
Global Economic Watch International Finance March 3, 2011.
The Monetary-Financial Environment
Economics Sample Unit 4 Macroeconomics
Introduction to the UK Economy
Macroeconomics ECN 3102 CHAPTER 1.
1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index
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?
Lesson 3: Economic Growth
Macroeconomic Questions
A Preview of Macroeconomics.
Just Right...Goldilocks Economy
Three Economic Scenarios
2-Types of Inflation Demand-Pull Inflation: Cost-Push Inflation
ECONOMICS: April 16 Warm-up (using Act. 5-2 HO) Discretionary vs. Automatic Fiscal Policy (#1, #3, #4, #6, #7, & #10) Economics Learning Target In order.
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.
Measurement of Economic Performance
Do Now for Monday, January 30
Macroeconomics Economic Indicators.
AP ECONOMICS: March 27 Warm-up: Economic Statistics: GDP -1.0%; Unemployment 7.7%; Inflation +0.5%. Show how the Fed will implement countercyclical.
Matt Bennett Grant Lynch Lainie Vi
© 2015 by McGraw-Hill Ryerson Ltd.
All assignments for the unit must be turned in by TOMORROW
AP ECONOMICS: March 28 --Monetary and Fiscal Policy Mix—Making the Connections Fiscal Policy Portion (bottom two sections) (HO) --Money Market, Fiscal.
Exchange Rate and International Trade
Measuring the Economy.
ECONOMICS: April 30 Warm-up If the economy is experiencing a recession, how would the Fed use it’s monetary policy tools to stimulate demand in the.
Presentation transcript:

Not Great, But Better Than Anyone Else Dale Orr Managing Director, Canadian Macro Economic Service Global Insight (Canada) Ltd.

Monetary Policy Issues Outline The Economic Forecast Monetary Policy Issues 12/25/2018

The March 2003 Economic Forecast for Canada (Percent) 2002 2003 2004 Real GDP 3.4 2.8 3.6 Employment growth 2.2 2.3 1.7 Unemployment rate 7.6 7.4 7.0 CPI Inflation 2.7 1.5 3-month T-bills 2.6 3.3 4.8 Canadian dollar (U.S. cents) 63.7 67.0 70.4 12/25/2018

Canada vs. U.S. Growth % 12/25/2018

Cyclical Growth Pattern % 12/25/2018

Inflation: Recent Problems (year over year, percent) % 12/25/2018

Inflation: Credibility (year over year, percent) % 12/25/2018

Interest Rates: Widening Gap (3-month T-bill rate, percent) % 12/25/2018

Interest Rates: Medium Term (3-month T-bill rate, percent) % 12/25/2018

Canadian Dollar: Medium Term 12/25/2018

Canadian Dollar: Short Term 12/25/2018

Monetary Policy Choice Arguments for Raising Rates Now Arguments for Waiting Implications of Raising Rates 12/25/2018

Canadian Dollar Analysis Why Has the Dollar Strengthened This Year? Where Is The Dollar Going and Why? 12/25/2018