Seventh Edition - The Addison-Wesley Series in Economics Phần 1 pps

... www.federalreserve.gov/releases/h6/hist/h6hist10.txt. 0 25 50 75 10 0 12 5 15 0 19 50 19 55 19 60 19 65 19 70 19 75 19 80 19 85 19 90 200 019 95 Aggregate Price Level (GDP Deflator) Money Supply (M2) 17 5 200 225 Index (19 87= 10 0) www .newsengin.com /neFr eeTools.nsf/CPIcalc ?OpenView Calculator ... and outline all the major points covered in the text. They have been cl...

Ngày tải lên: 05/08/2014, 13:20

... Company in 18 93, the Knickerbocker Trust Company in 19 07, and the Bank of United States in 19 30). During these crises, deterioration in banks’ balance sheets, the increase in uncertainty, the rise in ... of $12 million times the change in the interest rate to get the following: ⌬I ϭ GAP ϫ⌬i ϭ $12 million ϫ 1% ϭ $12 0,000 Thus the manager finds that the f...

Ngày tải lên: 05/08/2014, 13:20

... measure from the nominal interest rate. 16 12 8 4 0 –4 19 55 19 60 19 70 19 90 2000 Interest Rate (%) 19 8 019 65 19 75 19 9 519 85 Estimated Real Rate Nominal Rate 11 Because most interest income in the United ... 0.34602 7 10 0 27. 91 4.806 0.33642 8 10 0 23.26 4.005 0.32040 9 10 0 19 .38 3.337 0.30033 10 10 0 16 .15 2.7 81 0.27 810 10 $1, 000 16 1. 51 27.808 2...

Ngày tải lên: 05/08/2014, 13:20

... spend time discussing the other two theories? There are two reasons. First, the ideas in these two theories provide the 12 8 PART II Financial Markets Following the Financial News The Wall Street ... this five-year period so that the average short-term interest rate over the coming 20 years is 11 %, then the interest rate on 20-year bonds would equal 11 % and would be hig...

Ngày tải lên: 05/08/2014, 13:20

... ϩ $17 7 .16 ϩ $16 1.05 ϩ $14 6. 41 ϩ $13 3 .10 ϩ $12 1.00 ϩ $11 0.00 ϭ $1, 753 .11 Banking Crises Throughout the World Scandinavia 280 PART III Financial Institutions Source: Managing the Real and Fiscal ... $10 0 ϫ (1 ϩ 0 .10 ) ϭ $11 0. Adding these together, we get the total value of these contributions and their earnings at the end of ten years: $259.37 ϩ $235.79 ϩ $ 214 .36 ϩ...

Ngày tải lên: 05/08/2014, 13:20

... billions) M1 19 80 19 81 1982 19 83 19 84 19 85 19 86 19 87 19 88 19 89 19 90 19 91 1992 19 94 19 95 19 96 19 97 19 98 19 99 2000 200 519 93 11 .1% 3.3% 2.3% 13 .1% 7.2% 386 PART IV Central Banking and the Conduct ... www.federalreserve.gov/releases. m 500 600 700 400 300 200 10 0 3.0 2.6 0.30 19 80 19 81 1982 19 83 19 84 19 85 19 86 19 87 19 88 19 89 19 9...

Ngày tải lên: 05/08/2014, 13:20

... Rate 0 5 10 15 20 2005200 019 9 519 9 019 8 519 8 019 7 519 7 019 6 519 60 Box 4 Fed Watching As we have seen, the most important player in the determination of the U.S. money supply and interest rates is the Federal ... changes in inter- est rates have a major impact on investors and finan- cial institutions’ profits, they are particularly interested in scrutinizing the Fe...

Ngày tải lên: 05/08/2014, 13:20

... 19 94 19 95 19 96 19 97 19 98 19 99 2000 0 5 10 15 20 25 (a) New Zealand 0 19 81 1982 19 83 19 84 19 85 19 86 19 87 19 88 19 89 19 90 19 91 1992 19 93 19 94 19 95 19 96 19 97 19 98 19 99 2000 20 01 2002 2003 20 01 2002 ... 2003 20 01 2002 2003 5 10 15 20 Inflation (%) Inflation targeting begins Inflation targeting begins Inflation targeting begins (b) Canada...

Ngày tải lên: 05/08/2014, 13:20

... escalate in the early 19 60s, and after 19 64, the United States was fighting a full-scale war. Beginning in 19 65, the resulting increases in military expenditure raised government spending, while at the ... the original equilib- rium at point 1. The result of the expansion in the money supply in the long run is that the economy has the same level of outpu...

Ngày tải lên: 05/08/2014, 13:20

... policy The management of the money supply and interest rates. 12 monetary theory The theory that relates changes in the quantity of money to changes in economic activity. 10 , 517 monetizing the ... 3 81 notional principal The amount on which interest is being paid in a swap arrangement. 328 Glossary G-7 off-balance-sheet activities Bank activities that involve trad- i...

Ngày tải lên: 05/08/2014, 13:20