Slide 1Consumer Price Index CPI is the governments most important statistic Announced monthly by Bureau of Labor Statistics Measures changes in prices of goods and services…

1 Aleksandra Hałka* Agnieszka Leszczyńska* What Does the Consumer Price Index Measure? Bias Estimates for Poland1 Abstract The paper addresses the problem of bias in the…

Slide 1 Slide 2 The CPI and the Cost of Living CHAPTER 7 Eye Ons Consumer price indexNominal interest rate Cost of living indexNominal wage rate Reference base periodReal…

Slide 1  Inflation: a general increase in the prices of goods and services in an entire economy over time.  *Note* If for instance Canada’s has an annual inflation…

MONETARY POLICY BEFORE WE EXAMINE MONETARY POLICY WE NEED TO UNDERSTAND WHAT IS MEANT BY THE FINANCIAL SECTOR AND THE SUPPLY OF MONEY THE FINANCIAL SECTOR The financial sector…

MONETARY POLICY WHAT IS MONETARY POLICY Lending by the financial sector allows consumption and investment in an economy to occur without having to pay the money there and…