Nominal GDP
Nominal GDP targeting for a speedier economic recovery
... Since nominal GDP is an intermediate variable between monetary shocks or interest rate shocks and unemployment, the result depicted in Figure 11 that the maximum effect of NGAP innovations on unemployment ...
33
Real Time Nowcasting Nominal GDP Under Structural Break
... This paper provides early assessments of current U.S. Nominal GDP growth, which has been con- sidered as a potential new monetary policy target. The nowcasts are computed using the exact amount of ...
28
Study on Relativity between China’s Nominal GDP and the Shanghai Securities Composite Index
... of nominal GDP and SSE from 1996 to 2015, the present authors firstly apply X-11 process to eradicate the seasonal effect of the quarterly data to get the processed ...minal GDP and Shanghai ...
16
Nowcasting nominal gdp with the credit card augmented Divisia monetary aggregates
... of nominal GDP growth, when credit card transactions volumes are included into the optimal indicator set found by Barnett, Chauvet, and Leiva-Leon ...
77
The Use of Divisia Monetary Aggregates in Nominal GDP Targeting
... adopting nominal GDP targeting as the monetary policy ...return nominal GDP to its pre-crisis trajectory, the Fed could improve confidence and expectations of future ...Because nominal ...
25
The Macro Share Economy and Nominal GDP Targeting
... This paneled event study shows that during the average recession, employ- ment compensation initially increases as a share of NGDP when the recession begins. However, as the recession lingers, that share returns to its ...
16
A Simple Macroeconomic Framework for South Africa
... The price level is, as already noted, determined in equation (18), and nominal GDP is defined in equation (19). Subsequently, the money market is described by four equations. First, money demand is ...
29
Economic Stability and the Central Bank: Rule or Discretion
... The monetary feedback rules, first suggested by McCallum (also referred to as a loss function or McCallum rule), breathed a new life into the monetary rule that had been suggested by Milton Friedman. The main objection ...
13
Macroeconomic effects of carbon dioxide emission reduction: a computable general equilibrium analysis for Malaysia
... This study analyzes the macroeconomic effects of limiting carbon emissions using computable general equilibrium (CGE) model in the Malaysian economy. Doing so, we developed an environmental computable general equilibrium ...
26
test2-slides
... • The GDP deflator is a price index that measures the current level of prices relative to the level of prices in the base year. • It tells us the rise in nominal GDP that is attributab[r] ...
17
Monetary Policy Rules and Directions of Causality: a Test for the Euro Area
... the nominal GDP targeting rule put forward in 1977 by James Meade, which has recently found new ...or nominal GDP from their respective ...
25
Derivation of Quarterly GDP, Investment Spending, and Government Expenditure Figures from Annual Data: The Case of Pakistan
... of GDP, investment spending, and government expenditures for Pakistan over the period ...real GDP (at constant prices of 1960, 1981, and 2000), nominal GDP (at current prices), total ...
69
Impact of Real Effective Exchange Rate on Inflation in Pakistan
... 989 nominal GDP. The growth rates of all the variables were also estimated. The stationary property of the data series was determined with the help of ADF test. The required econometric model was specified ...
8
Trickle Down Effects of Changing Value of Euro on US Economy
... Legends: E/$: Euro-USD X-Rate, Inf: Inflation Rate %, GDP: Nominal GDP USD Trillion Ex: Exports USD-Billion, Im: Imports USD Billion, TD: Trade Deficit USD Billion Pvt Inv: Private Domes[r] ...
36
The finance growth nexus in Namibia
... real GDP growth, real GDP per capita growth or log of real ...Mineral GDP is excluded in this ...non-mineral GDP (LNRGDP) as a measure of ...to nominal GDP is the most common ...
18
EVALUATING THE SUPPLY-LEADING HYPOTHESIS IN SUB-SAHARAN AFRICA: LESSON FROM NIGERIAN MANUFACTURING SECTOR
... GDP decreased from 24.3 percent in 2009 to 21.2 percent in 2017. Similarly, ratio of private sector credit to GDP decreased from 23.1 percent in 2009 to 19.6 percent in 2017. This has added to the ongoing ...
15
The Nominal Interest Rate Yield Response to Net Government Borrowing: GLM Estimates, 1972 2012
... the nominal interest rate yield on ten-year Treasury notes is a decreasing function of the monetary base as a percent of GDP (at the 1% statistical significance level), while being an increasing function of ...
22
Dollarization and the “Unbundling” of Globalization in sub Saharan Africa
... Further, across the models estimated, economic growth serves as a driving “dedollarization” force in SSA. The implication is that higher GDP per capita growth tends to lower the penchant for holding foreign as ...
27
Monetary Transmission Mechanism in India: A Quarterly Model
... We, therefore, estimate the following model. First, following the Phillips curve approach, inflation is modelled as a function of domestic demand conditions, supply shocks, rainfall conditions, trends in minimum support ...
69
Qualitative modelling macroeconomics indicators for prediction of progress branch
... the nominal interest rate, the infl ation, the GDP growth, the national debt, the independency of central bank, the political stability, the granting of “bad” loans, the national budget defi cit, the foreign ...
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