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- Bureau of Economic Analysis: http://www.bea.gov
- Bureau of Labor Statistics: http://www.bls.gov
- Board of Governors of the Federal Reserve System:http://www.federalreserve.gov
- European Central Bank: http://www.ecb.int/home/html/index.en.html
EXERCISES
- Provide updated information for at least one of the four screens in .
- Use the Internet to find an article (for example, magazine, newspaper, publication of an economics research group) that contains a graph of real GDP for a country other than the United States. What purpose does the picture serve in the article? Why do you think it was included?
- Find a statement about monetary policy from the monetary authority in the United States, Canada, or Australia. What are some of the indicators of the state of the economy that are used in the policy statement?
- The article on Bernanke’s model contained the following quote: “We conclude that, although private-sector forecasts may contain information useful to the central bank, ultimately the monetary authorities must rely on an explicit structural model of the economy to guide their policy decisions.” What do you think is meant by this statement?
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