A second edition of a book written to help non-economists to use the commonly reported economic indicators effectively and gain an informed picture of what is going on in a economy.
Authors
- Bibliography, etc. Note
- Includes bibliographical references
- Control Number Identifier
- CaOOCEL
- Dewey Decimal Classification Number
- 330.971/064
- Dewey Decimal Edition Number
- 21
- General Note
- Issued as part of the desLibris books collection
- Geographic Area Code
- n-cn---
- ISBN
- 9781442670358
- LCCN
- HB3730
- LCCN Item number
- G73 1999eb
- Modifying agency
- CaBNVSL
- Original cataloging agency
- CaOTU
- Physical Description | Extent
- 1 electronic text (xiv, 170 p.)
- Published in
- Canada
- Publisher or Distributor Number
- CaOOCEL
- Rights
- Access restricted to authorized users and institutions
- System Control Number
- (CaBNVSL)thg00600159 (OCoLC)666907841 (CaOOCEL)417919
- System Details Note
- Mode of access: World Wide Web
- Transcribing agency
- CaOTU
Table of Contents
- Contents 6
- Acknowledgments 12
- Abbreviations 14
- Introduction 18
- The Central Theme: The Circular Flow 19
- Wealth versus Income 19
- Expectations 20
- The Central Bank 20
- Fiscal Policy and Management of Public Debt 20
- International Economic Relationships 21
- Short-Term versus Long-Term Issues 21
- The Role of Economic Indicators in Forecasting 21
- 1 The Circular Flow 23
- Aggregation 25
- Expectations 26
- The System of National Accounts 27
- How Income Is Disposed Of 32
- The Price Level 32
- Why Do Economists Emphasize 'Real' Quantities? 34
- Some Relevant Economic Indicators 35
- 2 The Household Sector 36
- Households' Sources and Uses of Funds 36
- Intermediation by Financial Markets 40
- Consumption and Its Role in the Circular Flow 40
- The Multiplier 45
- Making Sense of the Real World 46
- The Role of Wealth 46
- The Components of Consumer Spending 46
- Imports 48
- Housing Investment 48
- Useful Economic Indicators 49
- 3 The Enterprise Sector 50
- Relationship between Desired Stock and Investment Rate 53
- Investment as a Component of Aggregate Demand 53
- Investment and Real Interest Rates 54
- Change in Investment and Aggregate Demand 55
- Why Must Investment be Equal to Saving? 57
- Recent Investment in the Canadian Economy 58
- Residential Construction 58
- Non-residential Construction 59
- Machinery and Equipment 60
- Inventory Investment 61
- Key Economic Indicators 62
- 4 The Government Sector 63
- The Rapid Growth of Government in the Economy 63
- How Governments Enter the Circular Flow 64
- Recent Federal and Provincial Trends 71
- 5 The Bank of Canada and the Deposit-Taking Institutions 72
- Managing the Economy 72
- The Bank of Canada and the Federal Government 72
- The Bank of Canada's Balance Sheet 73
- The Balance Sheets of the Commercial Deposit-Taking Institutions 73
- What Is Money? 75
- The Nightly Clearing 76
- Managing the Overnight Interest Rate 77
- Expectations and the Structure of Interest Rates 79
- The Demand for Money 80
- The Supply of Money 82
- 6 Canada's International Relationships 83
- Balance of Payments 83
- Exchange Rates and Foreign Trade 85
- Factors Influencing Aggregate Real Exports and Imports 88
- Economic Indicators to Watch 89
- 7 Monetary Policy 91
- The Importance of Inflation Expectations 92
- How Is the Price Level Determined? 93
- On What Does Potential Output Depend? 93
- How the Bank of Canada Influences the Rate of Inflation 96
- Complications in Monetary Management 99
- Is Managing Inflation the Same as Managing the Price Level? 99
- The Federal Reserve System and the Relationship between Canadian and American Interest Rates 100
- Interpreting Economic Indicators in the Presence of the Central Bank 100
- 8 The Labour Market 102
- The Key Issue: Stability of the Real Wage 102
- The Canadian Evidence: Relative Real-Wage Stability 104
- Real Wage Growth Reflects Long-Run Productivity Trends 106
- Shares of the Income Pie 106
- How NDI Behaves over the Business Cycle 107
- Why Is the Real Wage So Unresponsive to Changing Demand Conditions? 109
- Economic Indicators to Watch 110
- 9 Fiscal Policy and Management of Public Debt 111
- National Finances and the Public Debt 112
- The Federal Deficit or Surplus 114
- The Public Debt 114
- Sources of Relevant Information 117
- 10 Using the Indicators 118
- Obtaining Information on the Economy 122
- 11 The Canadian Indicators 123
- WEEKLY INDICATORS 124
- Bank of Canada Weekly Financial Statistics 124
- MONTHLY INDICATORS 124
- Average Hourly Earnings (AHE) 124
- Building Permits 126
- Car Sales 127
- Consumer Price Index (CPI) 128
- Durable Goods Orders 130
- Employment and Unemployment 131
- Federal Government Fiscal Position 133
- Help-Wanted Index 134
- Housing Starts 135
- Index of Leading Indicators 136
- Industrial Product Price Index (IPPI) 137
- Industrial Production 139
- Merchandise Trade 140
- Monetary Conditions Index (MCI) 142
- Money and Credit Aggregates 143
- Raw Materials Price Index (RMPI) 144
- Real GDP at Factor Cost 145
- Retail Trade 146
- Wage Settlements 148
- QUARTERLY INDICATORS 150
- Balance of Payments 150
- Business Conditions Survey 150
- Canada's International Investment Position 151
- Capacity Utilization Rate 152
- Corporate Profits in the NIEA 153
- Earnings on the TSE 300 Index 154
- National Balance Sheet Accounts (NBSA) 155
- National Economic and Financial Accounts (NEFA) 155
- Quarterly Financial Statistics for Enterprises 156
- ANNUAL INDICATORS 157
- Environmental Indicators 157
- 12 The U.S. Indicators 158
- WEEKLY INDICATORS 158
- Initial State Unemployment Insurance Claims 158
- MONTHLY INDICATORS 159
- Capacity Utilization (Industry Operating Rate) 159
- Car Sales 160
- Consumer Confidence Index 160
- Consumer Credit 161
- Consumer Price Index (CPI) 161
- Durable Goods Orders 164
- Employment and Unemployment 165
- Factory Orders 168
- Federal Government Budget Balance 169
- Help-Wanted Index 170
- Housing Starts 171
- Index of Industrial Production 172
- Index of Leading Indicators 172
- International Trade 174
- Money Supply 175
- Personal Income 178
- Producer Price Index (PPI) 179
- Purchasing Managers' Survey 180
- Retail Sales 181
- QUARTERLY INDICATORS 183
- Employment Cost Index (ECI) 183
- National Income and Product Accounts (NIPA) 184
