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gdp deflator
483 documents for gdp deflator
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In November 2007, the Federal Open Market Committee (FOMC) announced a change in the way it communicates its view of the economic outlook: It increased the frequency of its forecasts from two to four times per year, and it increased the length of the forecasting horizon from two to three years. The FOMC does not release the individual members' forecasts or standard measures of consensus such as the mean or median. Rather, it continues to release the forecast information as a range of forecasts, both the full range between the high and the low and a central tendency that omits the extreme values. This paper uses individual forecaster data from the Survey of Professional Forecasters (SPF) to mimic the FOMC's method for creating their central tendency. The authors show that the midpoint of...
... times: Specifically, it used the GDP deflator from 1983 through 1988, the CPI from 1989 through ...
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Japanese consumers, known for their tight-fisted spending habits, are finally beginning to loosen up. This change in behavior could be a blessing, not only for the deflation-ravaged Japanese economy, but for Japan's neighbors and trading partners as well. Japan's GDP deflator was softer than expected in the final three months of last year, however, declining at a 1.6% year-over-year rate, and most likely delaying the end of the Bank of Japan's zero interest rate policy.
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This paper demonstrates the importance of properly measuring inflation when estimating Federal Reserve reaction functions. Based on static Taylor rule type reaction functions the median consumer price index (MCPI) is a better measure of information on monetary inflation than either the consumer price index (CPI) or the GDP chain-type price index (CTPI) or several other common measures of inflation. The issue is important when attempting to assess the stance of monetary policy; the Federal Reserve's goal of maintaining price stability must account for movements in the overall price-level and not changes in relative price.
... chain-type price index (CTPI), the GDP deflator (DEF), the personal consumption expenditures index...
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This paper demonstrates the importance of properly measuring inflation when estimating Federal Reserve reaction functions. Based on static Taylor rule type reaction functions the median consumer price index (MCPI) is a better measure of information on monetary inflation than either the consumer price index (CPI) or the GDP chain-type price index (CTPI) or several other common measures of inflation. The issue is important when attempting to assess the stance of monetary policy; the Federal Reserve's goal of maintaining price stability must account for movements in the overall price-level and not changes in relative price.
... chaintype price index (CTPI), the GDP deflator (DEF), the personal consumption expenditures index...
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This paper reviews a bulk of the empirical studies on import demand estimates for Japan which findings are mixed and inconclusive. This review article contributes to the literature in at least two ways: 1. provide a detailed review on the papers which have studied the import demand behavior for Japan, and 2. discuss the issues of import demand framework with reference to Japan, in particular, the determinants of demand for imports. This is a survey paper, which reviews the studies that investigated Japan's import demand behavior in aggregate levels, particularly. This paper concludes that the results of Japan's import demand depend on the model specification and the estimation technique. This paper also reviews the issues, which are related to the candidate determinants of aggregate imp...
... rate (calculated as ratio of imports deflator to GDP deflator) were found to be cointegrated for...
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... year to reflect the ?GDP implicit price deflator? published by the Department of Commerce for the p...
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Monetary policymakers and central banks universally recognize that, in the long run, inflation is strictly determined by monetary policy. However, they disagree sharply about the role of monetary aggregates in the conduct of monetary policy. These differences in views are reflected in the way the Federal Reserve and the European Central Bank (ECB) conduct monetary policy and communicate with the public. At the Federal Reserve, the Federal Open Market Committee no longer specifies targets or monitoring ranges for the monetary aggregates, and committee members seldom mention the aggregates in their deliberations. In contrast, the ECB regularly examines the implications of money growth for the inflation outlook over the medium term to long term. What accounts for these differences of views...
... annualized quarterly change in the GDP deflator, and the money measure is the annualized quarterly...
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During 1981–2004, long-run earnings inequality among men increased by about the same magnitude as the well-documented increase in annual earnings inequality. Although the growth in annual earnings inequality was greater for women during these years, there was very little increase in their long-run earnings inequality. This article explores the conditions that produce the divergent trends in long-run earnings.
... domestic product (GDP) implicit price deflator for Personal Consumption Expenditures (PCE).[13] T...
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...) computed as the growth rate of the GDP deflator to account for macroeconomic stability. All variab...
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... inward and outward FDI by the GDP deflator. We use per capita GDP at constant 1990 prices in ...
