buy "additional agency mortgage-backed securities at a pace of $40bn (£25bn) per month".
Group items tagged
1More
Tax on super strength beers and lagers set to increase - 0 views
-
Article on rise in tax from negative externalities from the demerit good of beer. Particularly the stronger beers with greater externalities.
25More
BBC News - Federal Reserve to buy more debt to boost US economy - 0 views
-
-
nterest rates in the US have been close to zero for several years now, and the Fed again kept them at below 0.25% on Thursday.
-
quantitative easing
-
quantitative easing = A monetary policy used to increase the money supply by buying government securities or other securities from the market
-
- ...7 more annotations...
-
"We doubt it will be enough to get the economy on the right track. It's only a matter of time before speculation begins as to when the Fed will raise its purchases from $40bn a month."
-
-
the central bank buys bonds to keep the long-term cost of borrowing down.
-
Increase in supply of money keeps cost of borrowing (long-term interest rate) low
-
-
The unemployment rate in the US has been above 8% since January 2009, but the current 8.1% is down from the recent high of 10% in October 2009.
-
US presidential election.
-
-
Ben Bernanke also lowered the Fed's growth forecast for the US economy to 2% this year, down from the 2.4% it predicted in June
-
"The committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,
-
Without Fed's help, unemployment may increase or be stagnant. Maybe talk about Okun's law, which states that 3% increase in output corresponds to a 1% decline in the rate of unemployment
-
-
Federal Reserve to buy more debt to boost US economy
-
8More
Republican Lawmaker Considering a Tobacco Tax Increase Bill | StateImpact Idaho - 0 views
-
Tobacco Tax Increase
-
-
would tack on an additional $1.25 to Idaho’s tobacco tax
-
-
Supporters estimate the $1.25 per pack increase could raise $50 million for the state as well as encourage people to quit or not pick up the habit
- ...1 more annotation...
-
Medicaid program at least $83 million each year and cost taxpayers as much as $319 million in other health-related costs annually.
-
17More
BBC News - Scottish minimum alcohol pricing passed by parliament - 1 views
-
Scottish minimum alcohol pricing passed by parliament
-
-
minimum drink pricing
-
Minimum price = legally imposed price floor below which that normal market price cannot fall
-
-
Under the plans, the cheapest bottle of wine would be £4.69 and a four-pack of lager would cost at least £3.52.
-
- ...5 more annotations...
-
Scottish Health Secretary Nicola Sturgeon said that, as drink had become cheaper, alcohol-related hospital admissions had quadrupled and half of prisoners said they were drunk when they committed offences.
-
The government imposed a minimum price to reduce the amount of crime and injuries caused by alcohol
-
-
alcohol
-
Alcohol is a demerit good (over consumed or over produced) and has negative effects on society
-
-
Labour said minimum pricing could generate profits of more than £125m for alcohol retailers
-
Increase in profit for alcohol retailers due to an increase in price of alcohol
-
-
A study into a 50p minimum alcohol price by Sheffield University said the policy would see a 5.5% cut in drinking - with harmful drinkers' consumption falling by more than 10%, compared with a 2.5% fall for moderate drinkers.
-
-
-
-
-
This may cause informal markets since some firms may sell their surplus at prices below the equilibrium however this is illegal
-