Author: Matthew D. ShapiroPublisher:
ISBN:
Category :
Languages : es
Pages : 27
Book Description
The stabilization of the U.S. economy
Author: Matthew D. ShapiroThe Stabilization of the U.S. Economy
Author: Matthew David ShapiroPublisher:
ISBN:
Category : Stocks
Languages : en
Pages : 27
Book Description
Until recently, economists widely believed that economic activity had become less variable in the United States following the end of World War II. Challenging this belief, new research suggests that key historical time series are spuriously volatile, a finding that is highly controversial. Data from the stock market may provide a vehicle for resolving the controversy. Economic theory relates stock prices to real activity; empirical tests also show a strong link between stock prices and activity. Financial data are accurately measured over long spans of time and hence are free of most of the measurement problems in other time series. Measures of stock prices show no stabilization in the post-World War II period relative to the pre-World War I or pre-Depression periods. These stock market data thus support the hypothesis that real activity has not been stabilized
The U.S. Economy
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic StabilizationPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 114
Book Description
The Stabilization of the U.S. Economy
Author: Inflation Stabilization
Author: World Institute for Development Economics ResearchPublisher: MIT Press
ISBN: 9780262022798
Category : Business & Economics
Languages : en
Pages : 452
Book Description
Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel in 1985-86, and discusses the possibility of such a program in Mexico. It documents the initial steps in stabilization as well as the reasons for failure.As architects of the programs, several of the authors are in key positions to assess which aspects were critical in getting the programs accepted and where to look for difficulties and failures. In Israel, inflation was halted without recession. The challenge to policy makers today is in shifting from stabilization to the revival of sustained growth. This experience is described fully by Michael Bruno and Sylvia Piterman, who examine the critical issue of exchange rates, and by Alex Cukierman, who uses modeling to analyze the interaction of money, wages, prices, and activity under rational expectations that take the government's policy objectives into account.Endemic inflation and a sudden increase in external debt burden Argentina's economy, raising the wider issues of high inflation economies and stabilization that are discussed in the chapter by José Luis Machinea and that by Guido Di Tella and Alfredo Canavese.Eduardo Modiano and Mario Simonsen take up issues of wages in Brazil, particularly the problem of finding an equitable way to deal with a wage freeze; Simonsen develops an ambitious game theoretic rationalization of incomes policy as a coordinating device for imperfectly competitive economies. Bolivia did reach hyperinflation (price increases of more than 50 percent each month) before stabilizing. Juan Antonio Morales shows how stabilizing the exchange rate, in an economy where all pricing was already geared to the dollar, achieved stabilization without a wage or price freeze. And Francisco Gil Diaz asks whether an incomes-policy based program could work to control ever increasing inflation in Mexico.
Revitalization and the U.S. Economy
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic StabilizationPublisher:
ISBN:
Category : Government publications
Languages : en
Pages : 1680
Book Description
Official U.S. Government Information Program on Economic Stabilization
Author: United States. Office of War InformationPublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 12
Book Description
The Great Inflation
Author: Michael D. BordoPublisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
A Report Card on the U.S. Economy
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic StabilizationPublisher:
ISBN:
Category : United States
Languages : en
Pages : 148
Book Description
Status of the Economy
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic StabilizationPublisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 120
Book Description