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Inflation - Inflation defines as an increase in the price you pay or a decline in the purchasing power of money. In other words, price inflation is when prices get higher or it takes more money to buy the same item. Interest rates are increased to moderate demand and inflation and they are reduced to stimulate demand. Monetary policy aims to influence the overall level of monetary demand in the economy so that it grows broadly in line with the economy's ability to produce goods and services. This stops output rising too quickly or slowly....   [tags: Economics Economy Price Inflation] 948 words
(2.7 pages)
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Making Money From Inflation - Making Money from Inflation Inflation is the all-encompassing and continued rise taken together level of prices measured by an index of the cost of various goods and services. Recurring price increases erode the purchasing power of money and other financial assets with fixed values, creating grave economic distortions and uncertainty. Inflation results when actual economic pressures and anticipation of future developments cause the demand for goods and services to exceed the supply available at existing prices or when available output is restricted by faltering productivity and marketplace constraints....   [tags: Economics Inflation Strategy] 1359 words
(3.9 pages)
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Inflation - By the beginning of the 1980s, double-digit rates of inflation had become so pervasive among industrialized economies that they were viewed as a major deterrent to global economic growth. Since then, an explicit policy goal of low inflation has become a mantra for policymakers, and many countries, such as the U.K., New Zealand, Australia, Japan, Sweden, and the eleven countries under the European Central Bank (ECB), have enacted fundamental reforms to achieve that goal. Specifically, they have made their central banks more independent and thus insulated them from the temptations of inflationary finance; furthermore, in most of these cases, as well as in the U.S., central banks have practiced a greater degree of openness or transparency about monetary policy decisionmaking to give the private sector a better opportunity to monitor their activities....   [tags: Economics Economy] 1903 words
(5.4 pages)
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Inflation - Inflation INFLATION CAN OUR ECONOMY GROW WITHOUT IT. INFLATION CAN OUR ECONOMY GROW WITHOUT IT. What is inflation. The definition of inflation, according to Webster’s Revised Unabridged Dictionary, is “an undue expansion or increase, from overissue.” Although, Webster’s is considered by most to be the overall best dictionary, WordNet states the meaning of inflation a lot clearer by saying, “it’s a general and progressive increase in prices.” It occurs when the value of goods rises faster than the value of money....   [tags: Economics]
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1098 words
(3.1 pages)
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The Issue of Inflation Control as an Objectice of Central Banks - The Issue of Inflation Control as an Objectice of Central Banks This paper looks at the issue of inflation control as an objective of central banks. Viewing the British Commonwealth and Continental European models of ‘zero inflation’ in contrast with the moderate inflation policy of the US provides a case against zero inflation as a policy objective. A variety of issues that surround inflation; e.g., the inflation/unemployment relationship, etc, will be brought to the fore. In the final analysis, it is clear that efforts to eradicate inflation are misguided and more moderate inflation is preferable in an era where steady economic growth is desirable....   [tags: Hyper Inflation Economy Economics Essays]
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4401 words
(12.6 pages)
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Effects of Inflation - Effects of Inflation Inflation is the most commonly used economic term in the popular media. A Nexis search in 1996 found 872,000 news stories over the past twenty years that used the word inflation. "Unemployment" ran a distant second. Public concern about inflation generally heats up in step with inflation itself. Though economists do not always agree about when inflation starts to interfere with market signals, the public tends to express serious alarm once the inflation rate rises above 5 or 6 percent....   [tags: Economy Economics Money Essays] 2891 words
(8.3 pages)
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Inflation Targeting - It widely recognized that the monetary policy within a country should be primarily concerned with the pursuit of price stability. However, it is still not clear how this objective can be achieved most effectively. This debate remains unsettled, but an increasing number of countries have adopted inflation targeting as their monetary policy framework. (Dr E J van der Merwe, 2002) This topic of Inflation targeting is a subject which immediately conjures different perceptions from different people. Many feel that low inflation should be a main aim of monetary policy, while others (such as trade union activists) believe that a higher growth rate to stimulate jobs should be the main concern....   [tags: Economics] 1838 words
(5.3 pages)
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The Meaning of Inflation - The Meaning of Inflation There are four macroeconomic policy objectives that a government pursues: high and stable economic growth, low unemployment, low inflation, the avoidance of balance of payments deficits and excessive exchange rate fluctuations. Some of these policy objectives may conflict with each other depending on the priorities of the government. A policy designed to accelerate the rate of economic growth may result in a higher rate of inflation and balance of payment deficit....   [tags: Papers] 1090 words
(3.1 pages)
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Inflation In Vietnam - Vietnam’s inflation last month, 27%, reached highest position in asia. Prices of everything go all the way up, especially necessities like gasoline, food and clothes (e.g: food prices increased 74%). Overdose foreign investment and technologically backward industry seemed to be the causes. Besides, overty rate has reduced to 15% from 58% since 1993, but now it is likely to raise again. Some workers who led vietnam’s rise from poverty are suffering from expensive city life, planning to return to their rural home....   [tags: Economy Vietnam Economics] 719 words
(2.1 pages)
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Money And Inflation - Money and Inflation The nation's economic stability has many factors which amount to inflation. Inflation may be caused by a number of problems, but there are some specific examples which have direct control over which way the prices and spending sway. Inflation simply means that the American dollar, in this case, is less valuable on the foreign exchange market and the gold standard is moved to higher prices; which simply means that more currency is needed to exchange for gold. Any slight change in investments or a company's cost premium could change the entire economy because of the domino effect acting on the rest of society....   [tags: essays research papers] 569 words
(1.6 pages)
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Germany and the Inflation - ... By the summer of 1923 inflation was completely out of control. Printing presses were working twenty-four hours a day seven days a week to keep up with demand but were still falling behind. It was estimated that during the peak of hyperinflation two trillion marks (2,000,000,000,000) were being printed per day to supply the Reichsbank. By the end of the inflation era ten billion new banknotes were printed. This pushed Germany into a full-blown economic crisis desperately in need of change. That change came on August 13, 1923 when Gustav Stresemann became Chancellor of the Republic....   [tags: History] 1872 words
(5.3 pages)
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The Great Inflation - The Great Inflation In late-1922 the German government were forced to ask the Allies for a moratorium on reparations payments; this was refused, and she then defaulted on shipments of both coal and timber to France. By January of the following year, French and Belgian troops had entered and occupied the Ruhr. The German people, perhaps for the first time since 1914, united behind their government, and passive resistance to the occupying troops was ordered. A government-funded strike began as thousands of workers marched out of their factories and steel works....   [tags: American History Essays]
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2373 words
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To What Extent is Inflation a serious Economic Problem - To What Extent is Inflation a serious Economic Problem ====================================================== Before considering whether Inflation has serious Economic Problems, we have to get to grasp what it exactly is. Inflation is defined as a sustained general rise in prices in the Economy. Obviously the government can't measure every single price change for every single good in the economy, so therefore they take a basket of goods and by using a price index measure a change in it. The basket of good has a representative range of goods and services and it needs to be recorded at a regular basis, to measure how inflation is changing....   [tags: Economics] 1667 words
(4.8 pages)
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Inflation and Its Effects on Investment - Inflation and Its Effects on Investment For world economic markets, inflation is a fairly new experience as for much of the pre-twentieth century there had been little upward pressure on prices due to gold and other metallic standards. These backed currencies limited governments’ abilities to create new money. So at the end of the gold standard strong political pressures often caused governments to issue more money increasing the money supply and therefor the price level. Inflation reflects a situation where the demand for goods and services exceeds their supply in the economy(Hall, 1982)....   [tags: Finance Financial Economics Essays]
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1361 words
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The Evolution Of Inflation In Romania - The Evolution of Inflation in Romania (Charts not available) As in other centrally planned economies, most consumer prices in Romania were fixed before the 1989 revolution. However, with the liberalization of economic policy dramatic changes occurred and high inflation was, and still is, expected to remain one of Romania¡¦s key short-term economic concerns....   [tags: Economy Economics] 1969 words
(5.6 pages)
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Global Inflation and Unemployment - Article summary This article by Andrew McCathie posted in EarthTimes and titled “European inflation climbs unemployment at 12-year high was posted on Friday July 30 2010. The article reports that food and energy costs have played a critical role in driving up inflation in the 16-member eurozone. The rates of unemployment remained stagnant to its highest level during this time. Introduction The recent global financial crisis that affected not only America but also Europe and other parts of the world resulted in massive unemployment....   [tags: economy, jobs, financial] 1280 words
(3.7 pages)
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The effects of inflation on the labor market - Objective: The effect of inflation on the job market The Effects of inflation on the Job Market In the major industrial countries, low unemployment usually creates inflationary pressures. But during the recent economic expansion in the United States, prices have held steady despite low unemployment. Inflation is generally defined as an upward directional increase in the average of prices. Most people tend to be concerned about it because it reduces the purchasing power of the income earned by households....   [tags: essays research papers] 822 words
(2.3 pages)
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Government Budgets on Inflation - Government Budgets on Inflation Problems with format ?Since Greece and Italy are in the European Union and have both joined the European Monetary Union, one might think that they would have fairly stable economies, and Turkey would be the unstable one of the three.. But that is not necessarily true.. Although Turkey does have more of an unsteady economy, Italy and Greece?s were not doing so well in the recent past.. Looking at each country separately then comparing the three is the best way to see how the government budgets affect the inflation rates of Greece, Italy and Turkey.....   [tags: Economics Economy Essays]
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1720 words
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Relationship Between Inflation and Unemployment - Inflation and unemployment are two key elements when evaluating a whole economy and it is also easy to get those figures from National Bureau of Statistics when you want to evaluate it. However, the relationship between them is a controversial topic, which has been debated by economists for decades. From some famous economists such as Paul Samuelson, Milton Freidman etc to some infamous economists, this topic received a lot of attention. However, it is this debate that makes the thinking about it evolve....   [tags: Economics] 1860 words
(5.3 pages)
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Inflation and Absolute Power - Throughout the years the government has gained complete control over money and its development. The government wanted control because it believes that it is easier to acquire monetary assets if they have the control over all money and, at the same time, eliminate the middle-man of trade. With the ever growing population the government came up with a way to counterfeit money to keep up with the demand of money. This counterfeiting of money created inflation. Inflation happens when there is more and more money being created, this lessens the value of each individual dollar....   [tags: power] 712 words
(2 pages)
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Money Supply and Inflation - ... However, despite the importance of previous studies until now, the majority of research considers developed countries economies with regard to demand for money with out going further in to the relationship in less developed countries. This being the case the relationship in less developed, macroeconomic variables money supply and economic activity in developing countries still needs lengthy analysis and more research attention. The objective or purpose of this term paper is to show the response of macroeconomic variables (inflation, interest rate, real GDP and nominal GDP) to money supply in The Gambia within the period of 1990 to 2009....   [tags: Economy, Macroeconomics] 1726 words
(4.9 pages)
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Stop the Tuition Inflation - ... This would mean that for the first time Americans would owe more in student loans than on credit card debt (Cauchon). To help Americans pay off debt, President Obama has created a new “Pay as you Earn ” proposal. The current federal student loan plan which passed in 2010 reduced monthly payments from 15% to 10% of a graduated discretionary income, and the balance of student’s debt will be forgiven after 20 years of payment instead of 25 years (Slack.) The President wants to lower the student payments more, so that it is easier for students to pay off student loan debt....   [tags: Higher Education, college]
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2338 words
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The Impact of the Global Financial Crisis on Inflation - ... Economic Recovery package- use of macroeconomic policies Fiscal policy Fiscal policy has played an important role in sustaining low inflationary pressures. In response to the Government’s excessive spending in the 2008-09 Budget deficit, the Government had also augmented the size of the forecast Budget surplus to $1.0bn in 2012/13, a $16.9 bn improvement from that forecast in the mid year economic fiscal outlook with the objective of maintaining low inflation in the economy as public demand decreases....   [tags: Economics ]
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356 words
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Inflation Targeting: Central Banks Should Not Go For It - A Project Report on Inflation Targeting: Should Central Bank go for it. Economic Environment and Policy INFLATION TARGETING Definition Inflation targeting framework refers to a set of economic policies adopted by the central bank wherein it announces a projected or "target" inflation rate and strives to achieve that figure using measures like interest rate changes and other monetary tools. Elements of Inflation Targeting[1] · Announcement of an explicit quantitative inflation target or range for some period of time....   [tags: Economics] 1100 words
(3.1 pages)
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How Are Automatic Stabilizers Used To Combat Inflation? - How are Automatic Stabilizers Used to Combat Inflation. In today's economy, there are devices present called automatic stabilizers. Automatic stabilizers, are mechanisms which aid in the correction of an economic problem without the interference of anyone or anything. They are perhaps most useful to combat demand - pull inflation. Demand - pull inflation, is when prices rise because the economy cannot produce enough goods to satiate the economy. An automatic stabilizer, that is beneficial to combat such a problem, is a progressive tax....   [tags: essays research papers] 393 words
(1.1 pages)
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Inflation Targeting Monetary Policy in the UK in 1992-1997: Was It Successful? - ... This in turn affects their financial wealth. Hence, it is more attractive to reduce consumption now in order to get benefits in the future (the Monetary Policy Committee n.d.). Thus, this causes increase in savings rather than spending. Additionally, firms tend to decrease their investment level and reduce labor force. Secondly, changes in the interest rate affect also savings and debts of economic agents (the Monetary Policy Committee n.d.). Since, their disposable income varies along with the interest rate....   [tags: Economics ]
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1282 words
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Coca Cola - Growth, Employment, Business Cycle And Inflation - Introduction Fiscal Policy affects The Coca-Cola Company as it does many other businesses. The four components of Fiscal Policy are employment, growth, business cycle and inflation. The following discusses the different aspects of Fiscal Policy as related to The Coca-Cola Company. Employment One of the Coca-Cola Company’s strongest strengths lies in its ability to conduct business on a global scale while maintaining a local approach, one of the most intelligent strategies thought up by the human resource department of Coca-Cola....   [tags: Business Analysis Management Strategy] 1218 words
(3.5 pages)
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Economic Indicators - Economic Indicators For the individual who watches CNN a great deal, the term Economic Indicators well recognized. However, for the individual who chooses not to make CNN a primary station, the term Economic Indicators can be extremely confusing. Economist often use very unlike terms when referring to the fluctuating economy. Economic Indicators happens to be one of the many terms that they use. So, what exactly are Economic Indicators, and what purpose do they serve. In addition to the previous stated questions, are they really that important....   [tags: essays research papers] 533 words
(1.5 pages)
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Economic Policy - Economic Policy in Recent U.S. History In the highly materialistic world that we live in, success is generally measured in financial terms. The same is true in politics, where the success of a politician, especially the President, is measured by how well the economy did during his term in office. It is specifically measured by how well they bring down unemployment, grow the economy and fight inflation. Two basic modes of thought on the subject have pervaded public policy since World War II: supply-side and demand-side economics....   [tags: essays research papers] 1575 words
(4.5 pages)
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Economic Growth - ... This model gave to policy makers for the first time the theoretical framework in order to influence long run growth rates depending on the type of capital they wanted to invest in. Lucas (1988), Grossman and Helpman and Aghion and Howitt (1992) developed this idea further by including innovation and focusing mostly on research and development. The first wave of traditional neoclassical growth models are efforts to explain differences in income per capita through different paths of factor accumulation, focusing on the benefits caused by capital accumulation, physical and human, and on the way that these benefits may encourage long run growth....   [tags: Arabian Economy, Koreans] 2578 words
(7.4 pages)
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Economic Growth - Economic Growth Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all. Gross domestic product (GDP) is the monetary value of all final goods and services produced over a year....   [tags: Economics] 683 words
(2 pages)
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Economic Indicators - Economic Indicators Economic indicators are various layers of statistics that provide insight and information into how an economy is functioning. An economist might use economic indicators to paint a picture of current economic performance, or make future economic predictions. As a team, we will profile six economic indicators: Consumer Price Index, Capacity Utilization, Unemployment Rate, Producer Price Index, Interest Rate, and Inflation Rate. Historic charts for each indicator are included in our Power Point Presentation....   [tags: Economics Economy] 1788 words
(5.1 pages)
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Economic Indicators - Economic Indicators When predicting the future of the economy it is necessary to look at forecasts from several different economic indicators such as Real GDP, unemployment rates, the Consumer Price index, interest rates, Producer Price Index, and oil and fuel prices. It can be helpful to look at more than one forecast as there may be a variety of forecasts with different results or bias. Comparing two forecasts per indicator will give consumers a better idea of upcoming economic conditions. After evaluating such forecasts, it is important to analyze which forecast best suits the current circumstances to more accurately prediction of the economy....   [tags: Economy] 1960 words
(5.6 pages)
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Economic Condition - Economic Condition Economy from anywhere it could be from the United States or even from the UK it self. Can have a huge impact on the firm. The main economical influences on a firm are:- 1) Inflation 2) Exchange rates 3) Unemployment 4) Interest rates 1) inflation In some things the price of them could go up. It's because prices in things when time past generally goes up. For example a time piece costing £1000 today mite go up to £1050 in about a years time, But that is if they area no scratches and it's in a perfect condition....   [tags: Economics] 776 words
(2.2 pages)
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Economic Philosophies - Economic Philosophies How much should we let the government interfere with our economy. Do we trust the government to take on the enormous responsibility of caring for our economy. Our economy is a precious thing and we must take great care of it, for it can make us powerful and prosperous or it could be the demise of our nation. Three economists – Karl Marx, Adam Smith, and John Maynard Keynes – all had opposing views on how much government interference should be present upon the economy. Karl Marx believes that the government should control the economy....   [tags: Papers] 513 words
(1.5 pages)
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Economic Development - Location Bangladesh is located in South Asia and shares borders with India to the west, the north and the east. To the southeast lies Burma. The southern shores are washed by the Bay of Bengal. Bangladesh occupies a fertile delta created by two of Asia's largest river systems, the Ganges and the Brahmiputra. Politics Bangladesh is one of the youngest nations in Asia. Until two and a half decades ago, it formed the eastern half of Pakistan; the western half lay over 2,000 km away, on the other side of India....   [tags: essays research papers fc]
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2065 words
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Economic Conditions - To analyze an economy, certain statistics can be used to predict the economy’s future. This is important because it helps prepare people for prosperity or hard times. Certain indicators can be used to determine the future of aggregate demand and others can be used to determine aggregate supply. Using eight aggregate demand indicators and four aggregate supply indicators we developed a prediction for the economy in the near future. Changes in aggregate demand are reflected in changes of GDP. To find valuable indicators of the future aggregate demand is to find statistics that tell about change in the components of GDP (C+I+G+Nx)....   [tags: essays research papers] 861 words
(2.5 pages)
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Economic Justification of the Economic Stimulus Plan with Regards to Unemployment - ... Due to the derived nature of the demand for labour, that is, the demand for labour is derived from the demand for goods and services that labour helps to produce; any increase in aggregate demand will therefore decrease unemployment (indicated by the shift in the demand curve from D1 to D2) in the economy however at the cost of higher wages which may lead to inflation. Nevertheless, this factor will only decrease cyclical unemployment in the economy. In order to reduce the natural rate of unemployment, that is the level of unemployment at which there is no cyclical unemployment; governments must introduce microeconomic reforms as it is through these policy decisions that natural rate of unemployment will be reduced, through retaining and re-education programs, without increasing the level of inflation....   [tags: Economics]
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Uk Economic Policy - At present, UK monetary policy is founded on an inflation target and central bank independence. Critically assess the extent to which the theoretical and empirical work of macroeconomists has influenced this current monetary policy framework. Developments in macroeconomic policy are generally as a result of critical analysis over time and each of the Macroeconomists reviewed in this essay have provided this for their predecessors. In our current framework it is evident that the policies applied are all influenced, in part, by these economists....   [tags: Monetary Policy Economics] 1470 words
(4.2 pages)
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The Economic Future in the Year 2000 - The Economic Future in the Year 2000 The economy has performed exceptionally well for the past several years, combining rapid growth and very low unemployment with declining inflation. “Not only has the expansion achieved record length, but it has done so with far stronger growth than expected,” stated Federal Reserve Chairman Alan Greenspan in his remarks to the National Community Reinvestment Coalition annual conference in Washington (Business Week, The McGraw-Hill Companies, Economic Outlook, March 6,2000)....   [tags: essays papers] 1685 words
(4.8 pages)
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Economic Growth and Development - Economic growth is a necessary but not sufficient condition of economic development. There is no single definition that encompasses all the aspects of economic development. The most comprehensive definition perhaps of economic development is the one given by Todaro: ‘Development is not purely an economic phenomenon but rather a multi – dimensional process involving reorganization and re orientation of the entire economic and social system. Development is a process of improving the quality of all human lives with three equally important aspects....   [tags: Economics]
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Current Economic Analysis - Current Economic Analysis Economics Define unemployment. Provide an example of the three types of unemployment. Which type of unemployment is most problematic and why. What type of unemployment problem(s) does the U.S. currently have and why. What is a possible solution to the unemployment problem(s). Unemployment is the failure of a person to find jobs. (Schiller, 2006) This means that an unemployed person is one that is capable of working and is actively seeking for a job but is unable to find employment, which means that, this person is an active member of the labor force in search for job opportunities but unable to find one....   [tags: Economics Economy] 1989 words
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Economic effects of the Maastricht Treaty - The Maastricht Treaty is the most recent step towards uniting Europe into a political and economic European union (EU). For decades, Europeans have been gradually moving towards a united Europe in order to increase economic efficiency. While this appears to be a relatively easy idea on the surface, it is far more complex than one could expect. Many countries stand to gain and others stand to lose if a monetary union (MU) takes place. In addition to the many economic issues, any analysis of a monetary union is complicated greatly by the critical political and personal objectives of the politicians that are working to integrate Europe.<p> Generally, on economic grounds, southern countries such as Italy, Spain, and Greece are more inclined to join a MU because, by linking to the core countries of Europe, they should gain stability....   [tags: Economics] 2539 words
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Thatcherism Economic Policies - INTRODUCTION John Major as a successor to Margaret Thatcher was always going to find life difficult. He says himself he rejected any talk of his creating 'Majorism' as Margaret created 'Thatcherism', claiming instead that "The Conservative Party does not belong to any one individual" . His priorities (at least initially) as he saw them were clear; inflation, inflation, inflation. Further to that, he aimed to reduce unemployment, although not through artificial job creation, but by preserving a climate of low inflation in which growth would be encouraged....   [tags: essays research papers fc]
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The Argentine Economic Crisis 1999-2002 - The Argentine Economic Crisis 1999-2002 Basic Information About Argentina Argentina is a nation located on the East coast of the sothern-most tip of South America. It occupies an area of 2,766,890 square kilometers, which is approximately equal to about three-tenths the size of the United States. It has a population of nearly 40 million people with a growth rate of 1.13%. The populace is 97% Caucasian (primarily of Italian and Spanish decent) with various indigenous groups comprising the remaining 3%....   [tags: Essays Papers]
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Economic and Environmental Scanning - ... Its essential variables include currency stability, inflation rate, interest rates on business loans and mortgages, and unemployment rate. Currency stability Major fluctuations in exchange rates have the ability to erode the profit potential of trade transactions and investment undertaking. For instance, if a Zambian subsidiary of Croda-USA signs a contract in January 2012 to supply the U.S. mining operations of Barrick Gold with $1.8 million worth of Croda glue. The glue is produced in Zambia and exported to the United States....   [tags: International Business] 2298 words
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Understanding the Economic Recession in America - The economic recession of the late 2000s has been called the greatest economic downturn our country has faced since the Great Depression. American businesses and banks are failing, foreclosures are spreading like wildfire, and unemployment numbers have reached double digits. Under our current president, many are optimistic, but many others are fearful for the future. Economists have different speculations regarding the causes of the “Great Recession”. Some blame it on higher prices for necessities like oil....   [tags: economy]
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Malaysian Economic Policy and FDI - Malaysian Economic Policy and FDI BACKGROUND AND COUNTRY ATTRACTIVENESS. Malaysia is the second fastest growing economy in the South East Asian region with an average Gross National Product (GNP) growth of eight-plus percent per year in the last seven years. Since independence in 1957, Malaysia has moved from an agriculturally based economy to a more diversified and export oriented one. The Malaysian market is fairly openly oriented, with tariffs only averaging approximately fifteen percent and almost non-existent non-tariff barriers and foreign exchange controls....   [tags: History Economics Malasya Essays] 3547 words
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Post-Keynesian Economic - Post-Keynesian economic was formed and developed by economists such as Joan Robinson and Nicholas Kaldor who believed Keynesian economics was based on disequilibrium and uncertainty, and that challenges the general equilibrium assumptions of neo-classical theory. The main aim of post-Keynesian economics is to complete the unfinished Keynesian revolution. Post-Keynesian economists fundamentally used ideas from Keynes and his concept of effective demand, Marxist economist Michael Kalecki to provide a critique of neo-classical economics beliefs and an alternative theory of markets....   [tags: essays research papers fc]
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Emergency Economic Recovery Program - Emergency Economic Recovery Program In mid-October 1994, under the leadership of the Inter-American Development Bank, 12 organizations started a Joint Assessment Mission to evaluate how to tackle Haiti's economic and social problems. Members of this mission included the Inter-American Development Bank (IDB), World Bank (IBRD/IDA), United Nations Development Program (UNDP), Food and Agriculture Organization (FAO), United Nations HABITAT, United Nations Economic, Social and Cultural Organization (UNESCO), United Nations Family Planning Association (UNFPA), United Nations Fund for Children (UNICEF), United Nations Industrial Development Organization (UNIDO), World Food Program (WFP), European Union (EU), U.S....   [tags: Papers] 22237 words
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Reagan’s Economic Policy - ... This may have seemed the case but growth did happen, and hopefully those critics found jobs; however, driving to those jobs still pinched the pocket book a bit due to the energy crisis at that time. With the tax cuts on high income nationwide, oil companies were still paying on Windfall taxes. This was started by the previous administration where oil companies were taxed on the excess of profits they made. Oil companies raised prices due to production cost, supply, and demand. Reagan sought to decrease the oil windfall profits tax in order to eliminate the energy crisis that happened only a few years earlier....   [tags: US Government]
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Economic Growth In The United States - Economic Growth in the United States Economic growth can be defined as increases in per capita real GDP (gross domestic product) measured by its rate of change per year. Growth rates are very important because even a small change can make vast difference in the coming years. The knowledge of economic growth is also important because it can provide the means to allow us to gain valuable insights. According to Robert D. McTeer, president and chief executive officer of the Federal Reserve Bank of Dallas, two factors determine the rate of economic growth: productivity increases (more output for the same amount of inputs), and labor (the number of hours worked)....   [tags: essays research papers fc]
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525 words
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The New International Economic Order - The New International Economic Order In the early 1960's the economic gap separating the first world from the third or other world began to explode. With the industrialized states controlling more than 3/4ths of the global economy the disadvantage facing the third world could easily be seen. Third world countries lacked the start-up capital, the education, and the technology to compete with the first world. In the early 1970's the United Nations began to listen to the cries from these third world states, and set out to develop a strategy at which to combat these problems....   [tags: United Nations Economics Economy Essays]
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The Desirability of Economic Growth - The Desirability of Economic Growth The Benefits of Economic Growth =============================== 1. Economic growth means that real GDP has increased and therefore leads to an improvement in the material standard of living. This means that individuals have higher levels of real purchasing power enabling them to buy a greater volume of goods and services - increasing economic welfare ( bearing in mind individuals have unlimited wants ). For instance, as western economies have grown over the decades consider the changes in 'material ownership' of products such as ownership rates of cars, dishwashers, housing, the number of foreign holidays taken - all of which have continued to increase as real spending power has grown....   [tags: Economics] 1010 words
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European Economic and Monetary Union - European Economic and Monetary Union The Economic and Monetary Union (EMU) is a single currency area within the European Union in which people, goods, services and capital move without restriction (Europa Quest (1), 2001). Imperative to the success of the EMU is the implementation of a single European currency, the Euro, and the application of specific macro-economic policies by the EMU member states (Harris, 1999: 78). Moreover, it is the foreseeable intent of European governments to create a framework for stability, peace and prosperity through the promotion of structural change and regional development (JP Morgan, 2001)....   [tags: essays papers] 3938 words
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The New Economic Policy of 1921 - The New Economic Policy of 1921 " The real meaning of the New Economic policy is that we have met a great defeat in our plans and that we are now making a strategic retreat… Before we are utterly smashed, let us retrace our steps and begin to build on a new foundation," - said Lenin in his speech on the 22nd of October 1921. His speech is considered to be one of the frankest admissions of failure ever made by a leader of a great nation. It is clear that the general reason of NEP's introduction was to find a substitute for War Communism policy....   [tags: Papers] 990 words
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Russia's Economic Transition - Russia' Economic Transition In August of 1991, the collapse of the communist system in the USSR and it's neighboring republics occurred. Out of the smoke emerged fifteen new republics and a union known as the Commonwealth of Independent States. These new regimes faced formidable obstacles. The collapse brought massive inflation which in turn forced the economy into a spiraling decline and a state of almost worthless value. Many people were quick to point the finger at their communist past, and even more eager to lay blame....   [tags: Russian History Historical Communism Essays]
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U.S. Economic Crisis - ... Mortgages were now offered at a high mortgage rate to borrowers. The decline in housing prices led to rising defaults among subprime and ALT A borrowers, borrowers with adjustable –rate mortgages, and borrowers who had made only small down payments, many investors on Wall Street refused to buy mortgages backed securities that led to this financial crisis. As an example large financial firms, including Bear Stearns, Merrill Lynch, and Lehman Bros, experienced financial crisis by subprime mortgage sector in 2007....   [tags: Economics] 871 words
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Slovakia Economic Analysis - Slovakia Economic Analysis Country: Slovak Republic Formation of the Slovak Republic The Slovak Republic, or Slovakia, is located in Eastern Europe with a population of 5.4 million people and borders the countries of Poland, Austria, the Ukraine, and the Czech Republic (The World Bank). As originally part of the former nation of Czechoslovakia, the Slovak Republic has only recently begun to write its own history (Abizadeh, p. 171). During 1989 many revolts took place against eastern European governments under communism, including Czechoslovakia (Slovakia.Org, “20th Century”)....   [tags: essays papers]
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Spain's Economic Roller Coaster - ... By the end of 2008, the rate of unemployment in Spain was up to 12.5 per cent. The graph below, provided by Global Economic Perspectives, displays the great increase in unemployment in Spain. During the first quarter of 2008, the Spanish gross domestic product displayed a real growth rate of 2.7 percent as compared to the first quarter of 2007, which was 4 percent. A state official stated that the reduced figure was a result of a substantially reduced national demand. Spain’s gross domestic product took a hit when their construction industry collapsed, which accounted for 9 percent of the GDP....   [tags: Economics]
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Economic Literature Review - ... In open economy, exchange rate is a very important economic variable and exchange rate fluctuation means that it has the broad influence to the economic field. Mess and Rogodd (1984)in their recent find when the exchange rate changes, it will directly influences the import commodities prices and export commodities prices. Gali(1995)find in the long term, when the domestic currency exchange rate falls, domestic capital transfer of money to prevent the risk of fluctuations in the exchange rate losses....   [tags: Economics ] 1144 words
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Reasons for Zimbabwe's Economic Decline - ... As a result, number of officially poor people is at the rate of 80 percent nowadays, and that is more than twice as big as was in mid-1990s. Moreover, HIV/AIDS, poverty and hunger cause 3500 deaths per week, average life expectancy halved since 1994, namely it has fallen from 57 to 34 years for women and from 54 to 37 years for men. Also, number of children deaths increased. Between 1999 and 2006, number of children receiving all major vaccinations decreased by 21 percent while number of children getting no vaccination at all increased by the same percentage....   [tags: Economy, Africa]
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Index of Economic Freedom - ... For comparison purposes, and to provide additional points to graph, we chose five additional countries which are equidistant, between the others (or in the case of Burundi, between Haiti and the bottom rank). The five inter-comparison countries are: Ireland, Mexico, Honduras, Cameroon, and Burundi. Using these ten countries to plot correlations, we compare the rankings of the Heritage Index with the other three. The following table shows the results: Fraser Institute : Heritage Index Correlation: 0.9276 Ease of Doing Business, World Bank : Heritage Index Correlation: 0.9606 Freedom House, Civil Liberties Index : Heritage Index Correlation: 0.8205 This data makes clear that the Heritage Index, even if biased, correlates strongly with measures from other organizations, calculated with different methodologies, for different purposes....   [tags: Economics] 900 words
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The Economic Development Of Ghana - The Economic Development of Ghana Ghana is an African country located on the western side of Africa. Its neighbors are Burkina Faso to the north, Togo to the east, the Atlantic Ocean to the south, and Cote D'Ivoire to the west. It has a population of 18,100, 703 and a population density of 197 people per square mile. Ghana is 92,098 square miles and English is its official language. The capital city of Accra has around 1, 673,000 people residing in it. There are the physical statistics, now onto the more interesting part....   [tags: essays research papers] 1004 words
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America's Tough Economic Times - ... The blame started with the former administration who relaxed on the proper amount of restriction on financial institutions and private businesses. It was the politicians who aggressively promoted home-ownership on thousands who simply could not afford it. The executive officers of financial institutions were responsible for taking unwarranted risk, with future funds. The mortgage companies are credited with relaxing credit standards so less affluent people can purchase homes, which they could not afford....   [tags: Economics ]
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