NBER WORKING PAPER SERIES INCOMPLETE MARKETS
... The deviation from the standard paradigm is significant, not only qualitatively, but also quantitatively. For our preferred parametrizations of the model, the following hold. First, the elasticity of intertemporal substitution is comfortably above the critical value that suffices for an increase in ...
... The deviation from the standard paradigm is significant, not only qualitatively, but also quantitatively. For our preferred parametrizations of the model, the following hold. First, the elasticity of intertemporal substitution is comfortably above the critical value that suffices for an increase in ...
3. Simulations and Results
... International migration is a growing phenomenon – between 1990 and 2010 the stock of international migrants has increased from 155 m to 214 m (United Nations, 2012). It has significant economic impact on both sending and receiving countries. From the point of view of developed economies, which usual ...
... International migration is a growing phenomenon – between 1990 and 2010 the stock of international migrants has increased from 155 m to 214 m (United Nations, 2012). It has significant economic impact on both sending and receiving countries. From the point of view of developed economies, which usual ...
WPS3203 - World Bank Group
... highest (75%) it could expect to improve its growth rate by a lot (over 4 percent in this model) all other things being equal, but there are pairs of countries with a smaller ...
... highest (75%) it could expect to improve its growth rate by a lot (over 4 percent in this model) all other things being equal, but there are pairs of countries with a smaller ...
FAIR VALUE IN FINANCIAL STATEMENTS – ADVANTAGES AND
... utility, form and features and the market environment and the assets value in the market environment at the time. A ´willing´ buyer is defined as someone who wants to buy but is not in any way compelled to do so. Although a buyer is motivated, he is not prepared to overpay in a transaction. Also, he ...
... utility, form and features and the market environment and the assets value in the market environment at the time. A ´willing´ buyer is defined as someone who wants to buy but is not in any way compelled to do so. Although a buyer is motivated, he is not prepared to overpay in a transaction. Also, he ...
Interest Rate Risk Management using Duration Gap
... Aplication of Duration Gap Model consists in the following steps: 1. Calculation of the market value corresponding to each balance sheet item (assets, debts, equity) n ...
... Aplication of Duration Gap Model consists in the following steps: 1. Calculation of the market value corresponding to each balance sheet item (assets, debts, equity) n ...
I. MACROECONOMIC DEVELOPMENTS
... (Chart I.1). Likewise, averages of the iTraxx Europe Crossover Index, comprising 50 of the most highly traded sub-investment grade corporate bonds became 416.3 during the March 2007November 2008 period and was over 900 in October 2008 (Chart I.2). Chart I.1. VIX Index ...
... (Chart I.1). Likewise, averages of the iTraxx Europe Crossover Index, comprising 50 of the most highly traded sub-investment grade corporate bonds became 416.3 during the March 2007November 2008 period and was over 900 in October 2008 (Chart I.2). Chart I.1. VIX Index ...
RBV Conceptual Material
... Competence = things that an Organization does especially well in comparison to its competitors Hamel, G. and Prahalad, C., 1990 ...
... Competence = things that an Organization does especially well in comparison to its competitors Hamel, G. and Prahalad, C., 1990 ...
new
... • About 1/5 of U.S. GDP • Most by state and local governments, not federal government • Not all government expenditures are purchases of goods and services. Non-purchase spending should be excluded! – Some are payments that are not made in exchange for current goods and services – One type is transf ...
... • About 1/5 of U.S. GDP • Most by state and local governments, not federal government • Not all government expenditures are purchases of goods and services. Non-purchase spending should be excluded! – Some are payments that are not made in exchange for current goods and services – One type is transf ...
Financial Stability, Regulatory Buffers, and Economic Growth
... widely seen as burdensome and irrelevant because there has not been any recent crisis. And all this is reinforced by the associated argument that individuals and businesses will not be able to thrive—and will, in fact, be prevented from leading a better life—in an economy that restricts financial ac ...
... widely seen as burdensome and irrelevant because there has not been any recent crisis. And all this is reinforced by the associated argument that individuals and businesses will not be able to thrive—and will, in fact, be prevented from leading a better life—in an economy that restricts financial ac ...
An Increase in Consumption Spending and the Stock Market
... If the Fed accommodates, the interest rate does not increase, but output does. Stock prices go up. If the Fed decides instead to keep output constant, the interest rate increases, but output does not. Stock prices go down. ...
... If the Fed accommodates, the interest rate does not increase, but output does. Stock prices go up. If the Fed decides instead to keep output constant, the interest rate increases, but output does not. Stock prices go down. ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... said, “New vehicles like hedge funds gave investors like pension funds and endowments vastly more to choose from than the time-honored choice among cash, bonds and stocks. Likewise, innovations like securitization lowered borrowing costs for most consumers” (2009). However, there are two differences ...
... said, “New vehicles like hedge funds gave investors like pension funds and endowments vastly more to choose from than the time-honored choice among cash, bonds and stocks. Likewise, innovations like securitization lowered borrowing costs for most consumers” (2009). However, there are two differences ...
Influence of macroeconomic fundamentals on country risk and
... inflation targeting regime, the central bank's reputation and the responsible management of public debt have contributed to reduce country risk and to stimulate the development of the capital market. In this sense, the paper aims at providing empirical evidence, based on ordinary least square (OLS) ...
... inflation targeting regime, the central bank's reputation and the responsible management of public debt have contributed to reduce country risk and to stimulate the development of the capital market. In this sense, the paper aims at providing empirical evidence, based on ordinary least square (OLS) ...
RADICAL ECONOMIC TRANSFORMATION FOR INCLUSIVE
... welcome, but is still too slow to address unemployment and poverty. Slow growth also means that government will have less tax revenues. The budget reduces spending in 2017/18 by R10 billion and by R16 billion in 2018/19. These reductions will not affect core social and economic programmes. For gover ...
... welcome, but is still too slow to address unemployment and poverty. Slow growth also means that government will have less tax revenues. The budget reduces spending in 2017/18 by R10 billion and by R16 billion in 2018/19. These reductions will not affect core social and economic programmes. For gover ...
http://www.econstor.eu/bitstream/10419/89039/1/IDB-WP-276.pdf
... Indeed, Central Bankers have frequently stressed that individual institutions may fail and that the possibility of failure of individual institutions is a necessary part of a healthy financial sector. 2 It is often commented that the Basel standards have stressed microeconomic or individual institut ...
... Indeed, Central Bankers have frequently stressed that individual institutions may fail and that the possibility of failure of individual institutions is a necessary part of a healthy financial sector. 2 It is often commented that the Basel standards have stressed microeconomic or individual institut ...
A Role Model for the Conduct of Fiscal Policy?
... This resulted in lower demand which put further downward pressure on the economy. Fourth, public …nances rapidly deteriorated in 1991 and 1992. This was partly a result of the lower household consumption, since the value added tax was an important source of tax revenue. More importantly expenditure ...
... This resulted in lower demand which put further downward pressure on the economy. Fourth, public …nances rapidly deteriorated in 1991 and 1992. This was partly a result of the lower household consumption, since the value added tax was an important source of tax revenue. More importantly expenditure ...
Business Process Integration I
... Availability Check In determining the material availability date the ...
... Availability Check In determining the material availability date the ...
Read Report
... was and the market for dynamic discounting. But we digressed and we started talking about e-invoicing. Now, einvoicing isn’t Taulia’s core business – (for those who don’t know Taulia provide a slick way for SAP houses to manage their financial supply chain using dynamic discounting). In contrast, e- ...
... was and the market for dynamic discounting. But we digressed and we started talking about e-invoicing. Now, einvoicing isn’t Taulia’s core business – (for those who don’t know Taulia provide a slick way for SAP houses to manage their financial supply chain using dynamic discounting). In contrast, e- ...
Sweden Policy Brief
... people are less likely to be employed in Sweden than in many other OECD countries, partly due to high entry-level wages. As a result, market-friendly reforms helped the economy grow but the trimmed social safety net eroded the relative living standards of low-skilled people, which partly explains th ...
... people are less likely to be employed in Sweden than in many other OECD countries, partly due to high entry-level wages. As a result, market-friendly reforms helped the economy grow but the trimmed social safety net eroded the relative living standards of low-skilled people, which partly explains th ...
AEC-90: The American Private Enterprise System
... Today, almost two-thirds of our nation’s total economic output consists of goods and services bought by individuals and households for personal use. The remaining one-third is bought by businesses and governments. So you can clearly see the importance all of us play as consumers in today’s economy. ...
... Today, almost two-thirds of our nation’s total economic output consists of goods and services bought by individuals and households for personal use. The remaining one-third is bought by businesses and governments. So you can clearly see the importance all of us play as consumers in today’s economy. ...
Social and economic challenges for tomorrow
... Sunday Times. His essay discusses the implications for the UK of unprecedented economic growth across the developing world and argues that the future does not have to be bleak – pointing to the absolute improvement in UK living standards since the rise of America in the 20th Century which usurped th ...
... Sunday Times. His essay discusses the implications for the UK of unprecedented economic growth across the developing world and argues that the future does not have to be bleak – pointing to the absolute improvement in UK living standards since the rise of America in the 20th Century which usurped th ...
- UMD Econ
... perceived level of wealth. Since the real exchange rate is endogenously determined, that price and the demand for consumption and investment are functions of the current and anticipated supply conditions of the goods, the evolution of fiscal policies, and the world interest rate, as incorporated int ...
... perceived level of wealth. Since the real exchange rate is endogenously determined, that price and the demand for consumption and investment are functions of the current and anticipated supply conditions of the goods, the evolution of fiscal policies, and the world interest rate, as incorporated int ...
The Global Financial Crisis: Governments, Banks and
... affect economic ends and purposes. Another term, economic statecraft, has referred to the use of economic capabilities for strategic ends. We are less concerned with distinctions about ends and means. This is because matters such as trade and finance are now as important as military force in influe ...
... affect economic ends and purposes. Another term, economic statecraft, has referred to the use of economic capabilities for strategic ends. We are less concerned with distinctions about ends and means. This is because matters such as trade and finance are now as important as military force in influe ...
investor guide investing for income
... to reduce risk, particularly in the final years before you need the money as your focus shifts from capital growth to capital protection. In order to achieve your financial goals you can build a balanced portfolio incorporating a variety of different investment types (including cash and funds that i ...
... to reduce risk, particularly in the final years before you need the money as your focus shifts from capital growth to capital protection. In order to achieve your financial goals you can build a balanced portfolio incorporating a variety of different investment types (including cash and funds that i ...
FINANCIAL DEVELOPMENT AND SHADOW ECONOMY IN
... In this paper, we focus on the impact of financial sector on the size of shadow economy, because financial sector has made enormous strides in recent years. International capital movements have increased considerably especially as of 1980s, because many countries liberalized their economies together ...
... In this paper, we focus on the impact of financial sector on the size of shadow economy, because financial sector has made enormous strides in recent years. International capital movements have increased considerably especially as of 1980s, because many countries liberalized their economies together ...