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Author : Robert J. Gordon
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (129 download)
Download or read book Measuring the aggregate price level written by Robert J. Gordon and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bernard M. Hoekman
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (9 download)
Download or read book Measuring the Aggregate Price Level written by Bernard M. Hoekman and published by . This book was released on 1992 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert James Gordon
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.X/5 (2 download)
Download or read book Measuring the Aggregate Price Level written by Robert James Gordon and published by . This book was released on 1992 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inaccurate measures of the aggregate price level may distort short-run policy decisions and may produce misleading comparisons of productivity growth across decades and among nations. This paper serves a dual purpose of reviewing compactly the vast American literature on price and output measurement, and of identifying special aspects of American methods which affect international comparisons of inflation and output growth. The traditional problem of substitution bias in the Consumer Price Index (CPI) is of minor importance compared with the bias introduced by new products, changes in the quality of existing products, and outlet substitution bias. The quality bias for U.S. consumer durables has recently been estimated to be roughly 1.5 percent per year for the postwar period, and roughly 3 percent per year for consumer durables, The only available study of outlet substitution bias estimates a 2 percent annual rate for food in the 1980s. Cross-country differences in measurement methods tend to overstate the recent productivity performance of U.S. relative to European manufacturing, with an understatement for U.S. nonmanufacturing. Both European and U.S. manufacturing performance are probably understated relative to Japan, which seems to do the best job of incorporating new products and correcting for quality change of high tech goods.
Author : Nelly Aguilera
Publisher :
ISBN 13 :
Total Pages : 188 pages
Book Rating : 4.:/5 (438 download)
Download or read book Measuring Aggregate Price Levels written by Nelly Aguilera and published by . This book was released on 2000 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Franklin V. Walker
Publisher :
ISBN 13 :
Total Pages : 362 pages
Book Rating : 4.:/5 (5 download)
Download or read book Growth, Employment & the Price Level written by Franklin V. Walker and published by . This book was released on 1963 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Georg Rich
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (861 download)
Download or read book The Measurement of the Aggregate Price Level written by Georg Rich and published by . This book was released on 1991 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : W.E. Diewert
Publisher : Elsevier
ISBN 13 : 1483295842
Total Pages : 386 pages
Book Rating : 4.4/5 (832 download)
Download or read book Price Level Measurement written by W.E. Diewert and published by Elsevier. This book was released on 2014-06-28 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Among the theoretical issues covered in this volume are the "economic" and the "axiomatic" or "test" approaches to the problem of constructing and choosing among alternative cost-of-living index formulas; "bounds" and "econometric" alternatives for developing empirically computable approximations of theoretically desirable indexes; recommendations concerning the incorporation of leisure time in measures of the cost-of-living; and the formulation of social and group cost-of-living indexes. The Jorgenson-Slesnick paper also presents a far-reaching empirical study of price changes in the U.S.The importance of this book to those with an interest in economic theory is obvious. However, this book also holds out the opportunity and challenge to applied researchers to gain a deeper understanding of the index numbers of which they make daily use.
Author : Bert M. Balk
Publisher : Cambridge University Press
ISBN 13 : 1107404967
Total Pages : 301 pages
Book Rating : 4.1/5 (74 download)
Download or read book Price and Quantity Index Numbers written by Bert M. Balk and published by Cambridge University Press. This book was released on 2012-07-19 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach.
Author : Richard T. Froyen
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)
Download or read book An Examination of Aggregate Price Uncertainty in Four Countries and Some Implications for Real Output written by Richard T. Froyen and published by . This book was released on 1984 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study constructs measures of aggregate price uncertainty for four industrialized countries (Canada, West Germany, Great Britain, and the United States) and attempts to assess the extent to which more rapid and more variable price changes appear to have contributed to increased aggregate price uncertainty. For this purpose we examine the relationship across countries and through time between the rate of inflation, inflation variability, and our measures of price uncertainty. In addition we use our measures of price uncertainty to examine the hypothesis, variously put forward by Marshall, Keynes, Milton Friedman, and Okun, that higher aggregate price uncertainty is likely tor esult in lower real output and higher unemployment. Our results suggest that the higher and more variable inflation of the 1970s did increase uncertainty about the aggregate price level in Canada, Great Britain and the United States, but the evidence for West Germany would not sustain such a conclusion. Finally, we did find evidence of a significant negative output effect of aggregate price uncertainty for Canada and the United Kingdom, but not for the United States or West Germany.
Author : Joseph P. McKenna
Publisher :
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.4/5 (91 download)
Download or read book Aggregate Economic Analysis written by Joseph P. McKenna and published by . This book was released on 1969 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index
Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.3/5 (91 download)
Download or read book Toward a More Accurate Measure of the Cost of Living written by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index and published by . This book was released on 1996 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Simone Dommer
Publisher : GRIN Verlag
ISBN 13 : 3640549813
Total Pages : 27 pages
Book Rating : 4.6/5 (45 download)
Download or read book Measuring Business Cycles written by Simone Dommer and published by GRIN Verlag. This book was released on 2010-03-03 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studienarbeit aus dem Jahr 2009 im Fachbereich BWL - Unternehmensforschung, Operations Research, , Sprache: Deutsch, Abstract: This assignment covers the topic “Measuring Business Cycles”. A business cycle is defined as recurrent but not period fluctuations in business econom-ics. It includes four different phases: contraction (decrease of business activi-ties), trough (lower turning point), expansion or recovery (increase of busi-ness activities) and peak (upper turning point followed again by contraction). One business cycle can either last from trough to next trough or from one peak to another. Business cycles present fluctuations around a given growth-trend. According to the impulse-propagation approaching fluctuations are caused by three types of shocks: supply shock, private demand shock and policy shock. Short-time shifts in aggregate supply and aggregate demand have an impact on output, employment and price level as these factors are closely intercon-nected. Therefore economists use variables to track output, employment and price level in order to find out the current business cycle phase and to select the correct instruments or if necessary to start the counteractive measure-ments. The most important factor in determining the phase of the business cycle is the economic activity measured by gross domestic product (GDP), a procyc-lical variable. A positive GDP indicates that the economy is growing (expan-sion phase) and vice versa a negative GDP shows the economy is declining (contraction phase). Potential GDP shows the possible output under full em-ployment. The harmonisation of potential and real GDP can be influenced by decreasing the unemployment rate (share of unemployed people of labor force. Unemployment rate develops counter cyclically. In case economic ac-tivity increases (expansion phase), unemployment rate will fall and vice versa. Another important factor is inflation. High inflation devaluates value of money and rising inflation will increase the demand for higher wages leading to lower output. The objective of macroeconomic policy is to track the variables and to find the correct respond to each development. Possible instruments may be fo-cussing on stability in employment, prices and growth.
Author : Paul Krugman
Publisher : Macmillan
ISBN 13 : 1429218290
Total Pages : 892 pages
Book Rating : 4.4/5 (292 download)
Download or read book Essentials of Economics written by Paul Krugman and published by Macmillan. This book was released on 2010-10 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt: Check out preview content for Essentials of Economics here. Essentials of Economics brings the same captivating writing and innovative features of Krugman/Wells to the one-term economics course. Adapted by Kathryn Graddy, it is the ideal text for teaching basic economic principles, with enough real-world applications to help students see the applicability, but not so much detail as to overwhelm them. Watch a video interview of Paul Krugman here.
Author : Margaret Ray
Publisher : Macmillan
ISBN 13 : 142925730X
Total Pages : 928 pages
Book Rating : 4.4/5 (292 download)
Download or read book Krugman's Macroeconomics for AP* written by Margaret Ray and published by Macmillan. This book was released on 2010-07-30 with total page 928 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Adapted from Macroeconomics, Second edition by Paul Krugman and Robin Wells."
Author : Steven A. Greenlaw
Publisher :
ISBN 13 : 9781947172432
Total Pages : 0 pages
Book Rating : 4.1/5 (724 download)
Download or read book Principles of Macroeconomics for AP® Courses 2e written by Steven A. Greenlaw and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.
Author : Barbara Fraumeni
Publisher : Academic Press
ISBN 13 : 0128175974
Total Pages : 554 pages
Book Rating : 4.1/5 (281 download)
Download or read book Measuring Economic Growth and Productivity written by Barbara Fraumeni and published by Academic Press. This book was released on 2019-11-08 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs and productivity. By rethinking economic development beyond existing measurements, the book's contributors align the measurement of growth and productivity to contemporary global challenges, addressing the need for measurements as well as the Gross Domestic Product. All contributors in this foundational volume are recognized experts in their fields, all inspired by the path-breaking research of Dale W. Jorgenson. Demonstrates how an approach based on sources of economic growth (KLEMS – capital, labor, energy, materials and services) can be used to analyze economic growth and productivity Includes examples covering the G7, E7, EU, Latin America, Norway, China, Taiwan, Japan, Korea, India and other South Asian countries Examines the effects of digital, information, communication and integrated technologies on national and regional economies
Author : Paul R. Krugman
Publisher : Macmillan
ISBN 13 : 0716771586
Total Pages : 1068 pages
Book Rating : 4.7/5 (167 download)
Download or read book Economics written by Paul R. Krugman and published by Macmillan. This book was released on 2009-02-28 with total page 1068 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an accessible and thorough introduction to economics, this text offers real-world examples to bring theory to life. Students and lecturers will benefit from the vast array of supplements, including a companion website with extra material and resources
