Clive Granger Quotes

I don't think money itself has any causal relationship to nominal GNP. The dominating causal force is interest rates.

In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health.

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

With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.

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

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

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.

For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory.

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

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.

A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation.

The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level.

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

I remember being in the Ontario Legislature and the Liberals yelling over at me about the fact that the dollar was rising, and that was bad for business, and didn't I realize that. And I thought, 'What are you talking about?' The value of the currency in part, large part, reflects the world's view of the state of our economy.

What you need to be concerned about is the rate of inflation and the direction of interest rates. If they are both going in the wrong direction in 1980, you're not going to be re-elected.

The American economy is like a huge aircraft carrier. It doen't turn fast. That's why you can't judge a new president by what happens in his early months.

I'm sure Mark Carney is a very clever young man, but I think that the government would be mad to move from inflation targeting to money GDP targeting.

I'm not a macroeconomics person.

The success of monetary policy should be judged by the economy's performance against our statutory mandates of price stability and maximum employment.

A strong economy is the source of national strength.

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.

Yes. We do think that the stimulus package is raising GDP and raising employment relative to what would have happened otherwise.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.

The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

There is a strong link between the following three things: exporting, manufacturing and the degree of saving by the population. It's complicated, but if the population doesn't save, the economy will not tend to export as much, and if it doesn't export as much, it won't manufacture enough.