Frank E. Morris Quotes

At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.

Interest rates are used to achieve overall economic stability.

Economic growth is based partly on reality and partly on perception.

I understand how the economy actually works.

In general, the PC's always had a fairly decent tie to GDP.

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

Macroeconomics is the analysis of the economy as a whole, an examination of overall supply and demand. At the broadest level, macroeconomists want to understand why some countries grow faster than others and which government policies can help growth.

I work with the macro economy, which involves the major variables that measure the health of the whole economy, such as total consumption, investment, income, employment, and inflation.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

The human world lives in a framework called global economics. We live in a system based on GDP, which drives consumption. it causes people to compete with each other through trade in a way that they all grow.

On a daily basis, I pay almost no attention to the macro.

I'm not a macroeconomics person.

GDP simply measures the circulation of money in the economy, not whether or not the outcome of using that money is positive or negative.

I may be a dreamer, but I think monetary economics should be a hot topic.

First, I think the science of monetary economics has clearly gotten better.

The Adversity Index was created by msnbc.com and Moody's Analytics to track the economic fortunes of states and metro areas. Each month, the Adversity Index uses government data on employment, industrial production, housing starts and home prices to label each area as expanding, at risk of recession, in recession or recovering.

The difference between microeconomics and macroeconomics is a bit like the difference between biology and medicine. Knowing that certain genes increase the risk of cancer is relatively easy. Figuring out exactly which people will get sick, or how to cure them, is a lot more complicated.

I am not a monetarist, and I am not a Keynesian. On certain points I agree with each.

A nation's economy is more than its markets, tastes, technologies and property rights.

Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

A good monetary policy follows inflationary expectations and not historical numbers.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

An economy is not a complicated thing; it just has a lot of moving parts.

In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption.