Home
Subjects
Macro & Microeconomics
What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence

What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence - Essay Example

Add to wishlist

Summary

In economics the term ‘inflation’ generally describes the prevailing annual rate at which the prices of goods and services are increasing. However, it is a common lace that all prices tend to rise at broadly the same rate…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER94.2% of users find it useful

What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence

Read Text Preview

Subject: Macro & Microeconomics
Type: Essay
Level: Undergraduate
Pages: 16 (4000 words)
Downloads: 1
Author: ewilliamson

Extract of sample "What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence"

Download file to see previous pages When prices of domestic goods and services are rising fast this will generally be true also of wages, of the prices of the imported goods, of the money supply and of the prices of assets. This is because inflation is one sector of the economy permeates rapidly into other sectors. The phrase “a high rate of inflation” therefore usually describes a situation in which the money values of all goods in an economy are rising at a fast rate . The view commonly taken is that inflation should be kept close to zero; prices should rise at no more than about 2 to 3 percent a year on average. This is because high inflation affects the economy adversely in a number of ways. For example, it distorts the income distribution; because of the difficulty and risk associated with the complete index-linking of pensions tend to suffer. Also, it biases investment decisions: the cost of borrowing money rises making debt finance expensive in the early years of a project and reducing the incentive to invest. In theory inflation accounting could correct for this, but in practice this has proved difficult to implement. ...Download file to see next pages Read More

CHECK THESE SAMPLES OF What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence

The forecasts on inflation and output growth

... Research report Introduction When general prices of goods and services in a country rise, the value of money drops. This in return leads to inflation. Inflation then in the long run leads to the decrease of purchasing power of a currency. The occurrence of inflation has led to many central banks around the world to operate on a monetary policy regime of inflation targeting. This helps the financial institutions to organize themselves in such a way that they can forecast more on the future of the economy in order for them to know the best way to curb it when it actually happens. This paper discusses the forecasts on inflation and output growth, the way it can be improved and its usefulness. Discussion What is the failure on the projection...

4 Pages (1000 words) Research Paper

Link Between Stess and Illness

...? THE LINK BETWEEN STRESS AND ILLNESS: REVIEW OF LITERATURE Introduction The role of stress in exacerbating and precipitating illness is a well-established concept. Research through the decades has continued to demonstrate various ways in which psychological and physical stress can damage the physiologic functioning of various body organs and tissues, as well as affect the working of the mind. This paper shall provide a review of contemporary scientific knowledge on the relationship between stress and illness. It will also critically analyze a few sample studies on this topic. Discussion A general definition of stress can be given as a ‘negative emotional experience resulting from a mismatch between the individual’s appraisal...

6 Pages (1500 words) Coursework

Link between Stress and Illness

..., alcohol which weaken their immune system or even cause them to get injuries (Stroebe, 2000) Conclusion There is a mutual relationship between the ability of stress to manifest and cause illness although it is not a direct causal agent. A lot of research that has been carried out has shown evidence suggesting that several factors facilitate the stress–illness link. Lack of exercise which may weaken the body structure and increase the fat retention in the body and lead to the constriction of the blood vessels thus causing heart attacks, coping styles which include trying to find why the situation is happening, how to prevent it from advancing and accepting that yours is much better than another person’s, adjusting to life events may...

6 Pages (1500 words) Coursework

Link Between Biology and Criminology

This does not imply that criminologist should not rely on biology as a tool for explaining criminal behavior. Biology is a science that explains human physiology and therefore, it has a chance in human behavior, which incorporates criminology. Nature vs. Nature Most biological theories of criminology rely on hereditary factors as the main source of criminal behavior. Such theories associate social changes and human behavior on genes, which define the relationship between parents and their children. According to Earnest, there is a clear difference between evolution and genetics (2007). Genetics deals with hereditary traits that characterize an individual while evolution focus on the wider scope of changes taking place in the soci...

5 Pages (1250 words) Research Paper

Discussion on Evidence Law

Evidence must conform to certain rules in order to be admissible.
At the trial of A, witness W1 indicated that A and another person was seen packaging white powder. Witness W2 indicated that A was heard telling to someone that B and A would be selling stuff in a few months. W1 again testified that A and B met H on a trip to Sydney who sold amphetamines and wanted A and B to sell these in Canberra. W2 further testified that A and B were seen injecting amphetamines. So the evidence for the cases can be summarised as follows:
2. W1 - seen A and B on a trip to Sydney where they met H who sells amphetamines and asked A and B for partnerships. This evidence may be relevant as it provides as clear lead that A and B were having b...

8 Pages (2000 words) Essay

Theoretical and Empirical Interest in World Cities

... by this city, and therefore, it was a world city. With such general concept of world city, Alexandria of ancient Egypt can also be one such world city. It is true that these cities have influenced the culture, economy and politics of the lion’s share of the world, if not in entirety. But, such consideration does not have any empirically researched and established testification. The development of theoretical and empirical interest in the concept of world cities is, however, not so old. In his Where We Stand: A Decade Of World City Research(1995), John Friedmann refers to Barnet and Muller (1974) to state that it was in the 1970s that the global economy came to be seriously and academically regarded as an ‘interlocking system of production...

8 Pages (2000 words) Essay

Buyer Behavior - Theoretical and Empirical Foundations

... the best price for the product, carry out advertisement campaign vigorously and ensure that the supply is constant. References John A. H & Jagdish N. S, (1969), the theory of buyer behavior: Wiley marketing series, new York: Wiley John A. H & Lyman E. O, (1973), Buyer behavior: theoretical and empirical foundations, Michigan: Knopf Rita C, (2010), Brands and Branding: Economist series, Chicago; Profile Books Hannah S, (2010), Strategic Branding - The Difficulty of the Term and Trademark "Fu Ball Wm 2006", London: GRIN Verlag Capon, N & Hulbert, J, M, (2007), Managing Marketing in the 21st Century, London: Wessex Publishing...

6 Pages (1500 words) Essay

The Distinction Between the Tort of Negligence and the Tort of Nuisance

There are many instances in which establishing a claim in private nuisance does not require proof of negligence and it, therefore, remains necessary to maintain the tort of private nuisance distinct from the tort of negligence. The discussion that follows will demonstrate the necessity by comparing and contrasting both torts.
The tort of negligence is founded on the principles enunciated in the House of Lords decision in Donoghue v Stevenson which essentially defines the duty of care and situations in which a breach of that duty will give rise to a claim in negligence. Lord Atkin explained that we are required to take all necessary precautions to prevent injury to our neighbours. He goes on to fully explain the duty of care i...

17 Pages (4250 words) Case Study

Correlation between Motivation and Efficiency

It also has many warehouses to deliver chilled and frozen food to customers. It is highly unpleasant for the workers to work in the chilled warehouses. Just five years ago, one of the warehouses in Stroke-on-Trent introduced a new technical system that transformed the attitude of the workers and their efficiency.
Though the company spent almost £ 300,000 on installing a new system, it reckoned that by cutting down the mistakes and providing a better workplace for workers it could save that much amount in the first year itself. Prior to the installation of a new communication system, workers felt much boring with the old techniques of writing the movements of goods by a bit of paper and pencils. Apart from mistakes and e...

6 Pages (1500 words) Research Paper

How Tomatoes Can Help Your Heart

Whether tomato is a fruit or vegetable? Well, this question can be answered in both ways. Botanically, tomato is a fruit but it is so frequently used as a culinary item all over the world, it is also considered as a vegetable. Long time back, the tomato was considered as fruit and helped the exporters to avoid taxation but 1893 the Supreme Court put an over this dispute by declaring that tomato was a vegetable and since that time onwards, tomatoes were taxed accordingly. Keeping in harmony with this tradition, till date tomatoes are served as entrée and very rarely as dessert. Apart from side dishes, wide array of main course dishes are also prepared from tomatoes and these dishes are regarded considered as lip-smacking cui...

6 Pages (1500 words) Case Study

The Relationship Between Security, Risk and Health in a Large Organisation

...The relationship between Security & Risk and Health & Safety in a large organisation "Assess the relationship between Security & Risk and Health & Safety in the context of a large organisation. Are they complimentary or the demands of one conflict with or inhibit the realisation of the other? Identify and discuss the implications of your assessment for the roles of the security manager". 1. Introduction The development of commercial activities worldwide has been extremely rapid; firms operating in various industrial sectors need to confront a series of challenges in order to ensure the limitation of risk related with their strategic initiatives. Within this context, the issues of security, risk, health and safety are very likely to appear...

9 Pages (2250 words) Coursework

Launch Your Career in College - Learning Agreement

... to provide the student with all the support and the resources to a reasonable extent that would enable the student to achieve the set goals and ambitions. It is due to this that the student and the university both sign off on the learning agreement to ensure that it is binding and also to show commitment to the agreement that has been made. The breath components in the learning agreement have been successful in comparing the theoretical foundations of the processes that have been associated with the learning and motivation of the education environment. In the depth components of the learning agreement the student has successfully analyzed, critiqued and even contrasted learning and motivational aspects of the education environment...

7 Pages (1750 words) Assignment

Empirical Evidence in Different Areas of Knowledge

... evidence is a term that is coined from the word empiricism- which is the core of science practice (Argote, 1999, p. 39). On its part, science can be regarded as empirical in the sense that it directly relies on observation and/or experience for it to explain or describe phenomena. This implies that an empirical or a scientific approach must be based on explanations that can directly be observed repeatedly, are replicable, and must also be inductive. In this respect therefore, empirical evidence is any detail that originates from, or is based on experience or on observation. This is what we commonly refer to as empirical data. On the same note, any information that rely on observation or experience alone, and often do not give due regard...

6 Pages (1500 words) Term Paper

Relationship between Money Supply and Inflation in Saudi Arabia

Over the recent past, the effects of money supply, debt and inflation have become contentious issues for debate. Furthermore, frequent cautions concerning the risk of very large budgetary deficits aver that this would send up the upcoming state debt and capital rate as indicated by the rates (interests). As a nation, Saudi Arabia has a bi and enduring budgetary deficit over the past two decades and the government has been forced to go into the market so as to have loan access and to make up for the deficits. Given the impact of this on inflation and other economic variables, it's imperative and of great alarm for strategy architects (strategists) to understand how microeconomics has an effect on money supply, financial plan defici...

10 Pages (2500 words) Speech or Presentation

Evaluation of Children with Visual Impairment between Ages 4-12

A visually impaired child may suffer from incomplete sight, reduced vision, total blindness as well as legal sightlessness (Kelley and Gale p 45). It is a condition that may become severe in a child, thereby affecting its growth and development. The impact is usually dependent on the kind of loss, age at which it occurs, as well as the general body functioning of the child. The normal interest that is usually evident amongst children on seeing attractive items in their surroundings lacks in a visually impaired child. This may interfere with the child’s learning capabilities unless he/she is assisted to learn. The development of social behavior in children usually depends on the ability to see parents or those in charge of ca...

6 Pages (1500 words) Coursework

The Relationship Between Common Law and Custom, Equity, and Books Of Authority

This follows the common law theory that cases that have a great deal of similarity should need to be dealt with similarly and decisions or court verdicts passed accordingly, although this may not be viewed as strict practice. Custom, as a historical source of law, could be said to be the legislative statutes or laws that need to be implemented from time to time, and could also be termed as statutory laws that monitor public conduct. Thus, it could be said that while regulatory laws are created and nurtured by legislations and regulations, through the executive powers enforced by executive branch agencies, this is done through the delegation of authority from the top downwards. However, in the case of common law or case law, decisi...

6 Pages (1500 words) Assignment

Validating Late Mover Advantages in e-commerce: Evidence from Selected Companies

... from both primary research and secondary sources related to the business performance of late movers in e-commerce under review. These findings will be supported by tables and graphs. Chapter 5 – Analysis This chapter is crucial as it bridges between findings from the proposed research and review it for relevance with the previously published theoretical framework, literature and studies provided in Chapter 2. Chapter 6 – Conclusion This chapter will formulate important conclusions from the research and evaluate whether the research hypotheses set out for the proposed research will be accepted or rejected. In addition to these there will be recommendations for late movers to improve their business position and achieve stronger position...

12 Pages (3000 words) Research Proposal

Conflict Between Researh and Ethics on the Tuskegee Syphilis Study

The Declaration of Helsinki by the WHO clearly states that in clinical trials involving humans the wellbeing of the subject should be of prime importance than the interest of science or society. This has been stated because at times in order to achieve the objectives of a study the investigators might overlook the welfare of the trial subjects thus jeopardizing their health in the process. According to ethical rules while comparing two treatment options the control group of the study must receive the best-known treatment available while the study subjects are given a potential newer treatment. Only when there is no effective treatment available a placebo-controlled group can be used for the study. There have been several trials th...

7 Pages (1750 words) Essay

Differences between Both Sakuntalas

...Differences between both Sakuntala's (Kalidasa versus Mahabarata version) In the faith and love driven world, everything has a meaning; everything has a purpose; everything is happening as it should. The chaos and confusion that one sees in the world outside, is the reflection of the confusing storm within. Sakuntala is a socio-spiritual drama by the renowned scholar of Sanskrit, Kalidasa that propounds the doctrine of Karma. Roshni Rustomji, writes, “But a closer look at the important women in Sanskrit literature reveals qualities which go beyond conventional beauty and traditional feminine passivity.”(p.45)To understand the core issues of this drama, it is desirable to know the interpretation of the doctrine of karma, to enable...

11 Pages (2750 words) Research Paper

Empirical Evidence from Women Managers

The social systems focus on society to the society as a whole especially in terms of stereotypes (Chen et al., 2014). The barriers to women leadership success are highlighted, and they include the level of confidence of women, inaccessibility to powerful networks or lack of role models, and bias in recruitment, selection, and promotion.
Cross-cultural leadership, for example, gender sensitivity is essential because it gives everyone an opportunity to expresses their ability regardless of their gender, political affiliation, and regional discrimination. Every individual has different skills that they can use to benefit an organization. These abilities can be in the form of creativity and innovation that is aimed to enhance the p...

9 Pages (2250 words) Coursework

What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence - Essay Example

Extract of sample "What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence"

CHECK THESE SAMPLES OF What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence

Let us find you another Essay on topic What, If Any, Is The Link Between Inflation And Output In Your Discussion Refer To Both Theoretical And Empirical Evidence for FREE!