Empirical research shows that the so-called Phillips Curve phenomenon applies to Japan--as the jobless rate falls, core CPI inflation rises
Federal budget surpluses have bolstered national saving, providing additional resources for investment and, hence, contributing to the rise
in the capital stock and our standards of living.
Citing one example of the "horrendous" uncertainties plaguing researchers in this field, Meier points out that when scientists add up all known contributions to the current sea-level rise
, they cannot match the observed rate of about 1.
As the boomers age, the personal savings rate should rise
in the 1990s.
Though sea levels on the average will rise
due to global warming, other, unrelated processes will also affect these levels and may even offset the rise
in certain areas.
Outlays for producers' durable equipment rose at an annual rate of about 14 percent in real terms in the first quarter, after a 7 1/2 percent rise
over the course of 1995.
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Support for the rise
in expenditures came from declines in interest rates and moderate increases in real incomes.
While the median debt rose for all income groups, the rise
was most marked for those with incomes of 20,000-$29,000, a group for which debt increased nearly 50 percent.
There was a brief pause in the dollar's rise
after the Group of Seven finance ministers and central bank governors stated in April that a further rise
in the dollar that undermined the adjustment process would be counterproductive.
This resurgence of OECD investment was demonstrated by the significant rise
in North American transaction value (particularly among mid-sized E&Ps), which underpinned a 50% rise
in global M&A activity - the first such rise
Long-term interest rates, by contrast, have changed little, on net, over that same period; although these rates turned up in the spring of 1988, they leveled off over the summer and edged down in the fall, even as short-term rates were continuing to rise
It's gratifying to see production rise
, particularly our oil production, as we accelerate our drilling program following the delays we encountered during the first half of this year," said President and CEO James E.
The biggest rise
in demand was in Aragon, up by 21.
The strongest rise
in the region was in Maine, where resales rose 14.