Basic Economics Goals, Current Economics, Macroeconomics, Statistics
All the countries around the world have certain targets for becoming an ideal and economically stable nation. Countries strive hard to achieve such targets or goals. Each country has its own issues associated with various factors that halt its development and growth....
Macroeconomics, Types of Unemployment, Unemployment
‘’Unemployment refers to the situation or conditions of an economy when skilled and qualified are willing to work at the current wage rate but they couldn’t get job’’ Unemployment effects an economy is an adverse manner. Unemployment has various kinds. Each kind of...
Classical Model, Macroeconomic Models, Macroeconomics
If we had to apply the classical model principles to the global economy nowadays, it would be extremely difficult to make such simple assumptions really work. However, classical theorists like Pigou and Say were aware that a capitalist market economy could not...
Central bank Monetary policy, Central Banking, Macroeconomics
While the Bank of England is considering the option to limit the borrowing of Britain’s major banks and investors in the Euro zone are wondering how much the inflation rate will continue to drop, it makes more sense than ever to clarify how central banks can influence...
CB Functions, Central Banking, Gross Domestic Product (GDP), Macroeconomics
Can We Still Define Banks Nowadays? According to literature in the field, the following definition is widely accepted: “a bank is a financial intermediary that offers loans and deposits, and payment services” (Casu, 2006) However, nowadays banks have diversified the...
CB Functions, Central Banking, Macroeconomics
By: Valeria Popa How did central banks appear? The European Central Bank, the Federal Reserve Bank, the Bank of England and the Reserve Bank of New Zealand are just a few examples of central banks which make the subject of the most widely read financial newspapers...
Consumer Price Index (CPI), Inflation, Macroeconomics
In previous articles you have learned about macroeconomic indicator like GDP which is highly important for understanding business cycles and economic performances and GNI which can offer a perspective on the living standards of a country’s residents. We are now going...
GNI, Gross Domestic Product (GDP), Macroeconomics
By Valeria Popa: Let us first distinguish between GNI, GDP and GNP to understand how is GNI different from these two measuring indicators. GNI compared to GDP and GNP While Gross Domestic Product (GDP) and Gross National Product (GNP) measure the output of an economy,...
Consumer Price Index (CPI), Inflation, Macroeconomics
Valeria Popa In previous articles you have learned about macroeconomic indicator like GDP which is highly important for understanding business cycles and economic performances and GNI which can offer a perspective on the living standards of a country’s residents. We...
GDP Growth Rate, Gross Domestic Product (GDP), Macroeconomics
What is GDP growth rate and how to calculate it Since the media often talk about the growth rate of an economy, it is important to clarify and to correctly define what the growth rate of GDP is. This indicator has a lot more meanings and it can be used to measure...
