The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the U.S. even though it had a very significant localized effect on N.Y. City and on the Wash., D.C. area. Over the longer run, 9/11 will adversely affect U.S. productivity growth because resources will be used to ensure the security of prod¿n., dist., finance, and commun. Contents of this report: (1) Overview; (2) Economy Wide Implications and the Fiscal-Monetary Response; (3) Terrorism and National Productivity; (4) Oil Supply and Prices; (5) World Economies; (6) Internat. Capital Flows and the Dollar; (7) Financial Markets; (8) Sectoral, Industry, and Geographical Effects. This is a print on demand publication.
Money, Banking, and Economic Activity focuses on the use of macro- and microeconomic theory in the analysis of the interrelations of money, banking, and economic activity. The book first underscores the importance and definition of money and financial intermediaries. Discussions focus on financial intermediaries and risk reduction, ability of intermediaries to decrease their own risks, effect of inflation on credit monies, and empirical definition of money. The text then examines the supply of money and the economic role of nonmoney-creating financial intermediaries, including thrift institutions and monetary policy, federal funds and repurchase agreements, monetary analysis and the place of thrift institutions, and developments altering the functions of financial intermediaries. The publication takes a look at the evolution of the international monetary system, money in an open economy, electronic fund transfers, and the Gibson paradox and the term structure of interest rates. Topics include level of interest rates, importance of theories of the term structure, market structure of financial institutions, theory of the supply of money, and foreign exchanges and the balance of payments. The manuscript is a valuable source of data for researchers interested in the interrelations of money, banking, and economic activity.
Of the ten economic expansions in the post-World War II era, three have been especially long: 1961-1969, 1982-1990, and 1991-2000. This study compares these three expansions in areas such as GDP growth, gross and net investment, growth and productivity of the labour force, the fiscal position of the federal government, and inflation. Such a comparison can provide perspective and insight into a number of perceived problems. Given the current economic turbulence we are facing, this book will serve as an important tool in studying the market cycle.
A book about monetary policy that can be defined broadly as any policy relating to the supply of money. It looks at five economies that have adopted a price stability goal: New Zealand, Canada, the United Kingdom, Sweden, and the Euro area. It concludes with a brief analysis of the record of inflation targeting in the developing world.
The fundamentals of international trade and the balance of payments are well known. Unfortuntely, they are often sadly neglected by policy makers and not well understood by journalists who opine on such maters. As a result, politicians advocate a variety of tax and trade measures that sound desirable but not only cannot be achieved but actually harm the economy. This book is designed to lay out the fundamentals that must be present for policy to work as intended. The material was tested and refined over an 11 year period on more than 150 students, most of whom had a minimal training in economics. The book is intended for those who have a serious interest in policy dealing with international trade and finance. While the subject matter has not been made simple, it has been made clear.
A series of essays - some previously published - concerning money, government debt, and their relationship, with a heavy emphasis on historical experience. The material is written for a professional audience.
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.