Sentences with phrase «nominal income»

Such a large reduction in nominal income growth would have a major downward impact on government revenues in 2015 - 16.

Between 1945 and 2007, household debt grew at an average annualized rate of over nine percent, much faster than nominal income growth.

These quotes were for nominal income, did not make adjustments for inflation, and were current when this paper was written.

The average weekly earnings also saw an uptick, with a 2.2 - percent rise in nominal income, including bonuses.

However, the slower - than - expected economic growth in 2013 and the accompanying lower level of nominal income in 2013 - 14 results in a «status quo» (before budget actions) deficit of $ 18.7 billion Subsequently, the status quo budgetary balance is actually lower that forecast in the November 2012 November Update.

It is equivalent to a 9 % nominal income stream only if you rearrange the timing of the 9 % payments (through reinvestments).

While still a robust rate of increase in an economy in which nominal incomes are growing at around 6 per cent, this represents a moderate slowdown in the pace of financial intermediation from rates recorded in the second half of last year.

In my (limited) experience, people about to retire focus mainly on nominal income and capital protection, without sparing a thought for the cripling effect of inflation.

These declines in oil prices impacted directly on the budgetary balance through lower energy royalties and corporate income tax receipts, and indirectly through their impact on lower nominal income growth, other revenue sources and on employment insurance benefits.

Phaseouts that are not adjusted for inflation affect more taxpayers over time, as inflation raises nominal incomes and thus lifts more taxpayers above the phaseout thresholds.

To some extent, the framework in Australia is similar to an approach of targeting nominal income growth, without the attendant problems that may beset the latter.

Instead the Fed should focus on assuring adequate growth in both real and nominal incomes going forward.

Real income decreased due to nominal income increasing at a slower pace (+0.3 %) than consumption prices (+0.7 %).

As seen in the two figures below, sectors of the economy tied to housing began contracting in April 2006 while elsewhere employment growth and nominal income continued to grow.

In AS - AD terms, the AD curve (representing combinations of M times V equal to a given level of nominal income Py) had shifted inward, and the economy was sliding down the SR aggregate supply curve.

A retirement strategy that tries to maintain nominal income with high allocations to fixed interest instruments coupled with capital depletion is a high risk strategy in my opinion — the retiree is bound to have a decreasing real income and capital base.

More likely though, is that commodities that are in short supply globally would rise, like coal, steel, oil, gold, rare minerals, etc., and only after a while, would housing prices rise, as nominal incomes become large enough, and household formation great enough for the excess supply to disappear.

This suggests that DIAs are particularly appealing to clients nearing retirement who value the ability to plan on a fixed, nominal income stream after retirement.

Second, they also used their own distribution of the various component of nominal income to forecast the applicable components of budgetary revenues.

Finally, Federal revenues are largely determined by the growth in nominal income — that is real economic growth plus inflation.

It stands for nominal GDP, which's supposed to be a good proxy for the nominal income.

Nominal income is also more important to debtors» economic health than either inflation or growth, because debts are fixed in cash terms.

These include the problem of public communication, where the public is likely to be more understanding of inflation than the more nebulous concept of nominal growth, as well as the problem that nominal income is often subject to sizeable revision by the statistical agency.

The downward revision to personal income taxes result from PBO's lowering of it economic forecast of nominal income.

A distinct feature of Market Monetarist thinking is that our starting point for monetary analysis is nominal income and that monetary policy determines nominal income or nominal GDP (NGDP).

Nominal income: A measure of income that is not adjusted for inflation.

Scott Sumner told us in September 2009 that «the real problem was nominal,» that is, the recession and its high unemployment were primarily due to an unsatisfied excess demand for money (combined with real effects on debt burdens of nominal income being below its previous path).

In addition, we would encourage the Department to publish its forecasts of the components of nominal income and expenditures.

The lack of growth in nominal incomes and spending in the economy, in turn, makes it difficult for businesses and banks to improve their balance sheets and is reinforcing the reluctance of Japanese banks to lend.

Over the year to February, credit to the household sector grew by 11 per cent, compared with growth in households» nominal income which has been running at around 5 per cent; much of the growth in debt has occurred in home mortgages.

My only fear is that nominal incomes might not grow much $ $ Oct 25, 2012

Thus, in July 1993, when the economy had been growing for more than two years, Fed Chairman Alan Greenspan remarked in Congressional testimony that «if the historical relationships between M2 and nominal income had remained intact, the behavior of M2 in recent years would have been consistent with an economy in severe contraction.»