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... state dependence of fiscal multipliers, that is, their tendency to change with the economic environment. Given the issue at hand, it is particularly noteworthy that a number of studies suggest that the multiplier is smaller or even negative whenever public debt is high (Corsetti, Meier, and Müller, ...
... state dependence of fiscal multipliers, that is, their tendency to change with the economic environment. Given the issue at hand, it is particularly noteworthy that a number of studies suggest that the multiplier is smaller or even negative whenever public debt is high (Corsetti, Meier, and Müller, ...
Does austerity pay off - Centre for Economic Policy Research
... state dependence of fiscal multipliers, that is, their tendency to change with the economic environment. Given the issue at hand, it is particularly noteworthy that a number of studies suggest that the multiplier is smaller or even negative whenever public debt is high (Corsetti, Meier, and Müller, ...
... state dependence of fiscal multipliers, that is, their tendency to change with the economic environment. Given the issue at hand, it is particularly noteworthy that a number of studies suggest that the multiplier is smaller or even negative whenever public debt is high (Corsetti, Meier, and Müller, ...
Informality, Tax Evasion and Constraints to Development in
... Informality matters for several reasons. Probably the most serious one is that it stifles investment and undermines the overall competitiveness of the economy, because many informal enterprises are stuck in a low productivity trap (Palmade and Anayiotos 2005). Being outside the regulatory and tax um ...
... Informality matters for several reasons. Probably the most serious one is that it stifles investment and undermines the overall competitiveness of the economy, because many informal enterprises are stuck in a low productivity trap (Palmade and Anayiotos 2005). Being outside the regulatory and tax um ...
European Report on Development 2014 Financing and other
... and Tanzania, has been prepared as part of the ERD 2014, subtitled ‘Financing and other means of implementation in the post-2015 context’. Its research question is: ‘How can financial resources be most effectively mobilised and channelled, and how can they be combined with selected enabling policies ...
... and Tanzania, has been prepared as part of the ERD 2014, subtitled ‘Financing and other means of implementation in the post-2015 context’. Its research question is: ‘How can financial resources be most effectively mobilised and channelled, and how can they be combined with selected enabling policies ...
break-even point
... • Total Costs = Total Revenue when output reaches the break-even point • Any sales above the break-even quantity will generate a profit • Sales below the break-even level will yield a loss ...
... • Total Costs = Total Revenue when output reaches the break-even point • Any sales above the break-even quantity will generate a profit • Sales below the break-even level will yield a loss ...
Global Independent Exploration and Production Industry
... and the ways in which we apply them during the rating process. The information used in assessing performance for the sub-factors is found in or calculated using the company’s financial statements or is derived from other observations or is estimated by Moody’s analysts. Moody’s ratings are forward-l ...
... and the ways in which we apply them during the rating process. The information used in assessing performance for the sub-factors is found in or calculated using the company’s financial statements or is derived from other observations or is estimated by Moody’s analysts. Moody’s ratings are forward-l ...
NI/Sales ROA
... ROA is 10.12%, then the firm grows at 7.24% (without external financing). – Note that growth can be improved if ROA is improved – How can ROA be improved? Increase Sales or Decrease Expenses – Which parts of sales or expenses are best suited for improvement? How do you breakdown sales and expenses i ...
... ROA is 10.12%, then the firm grows at 7.24% (without external financing). – Note that growth can be improved if ROA is improved – How can ROA be improved? Increase Sales or Decrease Expenses – Which parts of sales or expenses are best suited for improvement? How do you breakdown sales and expenses i ...
Inequality in America: A Policy Agenda for a Stronger Future 2014
... and society; they are not the discoverers of DNA, the laser, the transistor; not the brilliant individuals who made the discoveries without which we would not have had the modern computer. Disproportionately, they are those who have excelled in rent seeking, in wealth appropriation, in figuring out ...
... and society; they are not the discoverers of DNA, the laser, the transistor; not the brilliant individuals who made the discoveries without which we would not have had the modern computer. Disproportionately, they are those who have excelled in rent seeking, in wealth appropriation, in figuring out ...
NBER WORKING PAPER SERIES INFLATION, TAX RULES, AND THE STOCK MARKET
... investors. lTO see more easily that this is true, it is useful to think about the corresponding aggregates. Let K be total capital and B=bK be the corresponding aggregate debt. The value of the equity shares are q(K-B) and the total equity earnings are zK. The corporate equity yield is thus zK/q(K-B ...
... investors. lTO see more easily that this is true, it is useful to think about the corresponding aggregates. Let K be total capital and B=bK be the corresponding aggregate debt. The value of the equity shares are q(K-B) and the total equity earnings are zK. The corporate equity yield is thus zK/q(K-B ...
PDF version
... after the welfare of their citizens, yet it behooves the rich to come to the aid of the poor." His only mention of the possibility of a less extreme form of capitalism that might value a more equitable distribution of income and ownership is to categorically reject it. "Social justice emphatically d ...
... after the welfare of their citizens, yet it behooves the rich to come to the aid of the poor." His only mention of the possibility of a less extreme form of capitalism that might value a more equitable distribution of income and ownership is to categorically reject it. "Social justice emphatically d ...
AMBICOM HOLDINGS, INC
... valuation of convertible instruments and derivative liability, the reserves for sales allowances, accounts receivable and inventory. Various assumptions go into the determination of these estimates. The process of determining significant estimates requires consideration of factors such as historical ...
... valuation of convertible instruments and derivative liability, the reserves for sales allowances, accounts receivable and inventory. Various assumptions go into the determination of these estimates. The process of determining significant estimates requires consideration of factors such as historical ...
principles of accounting i
... and Walmart turned over inventory 7.65 times, while Target has done so 6.14. As far as these numbers go, Target is the most profitable by a margin of almost 5%, but Walmart is getting more return on value. It’s interesting to note that while both companies have a profit margin and have made money o ...
... and Walmart turned over inventory 7.65 times, while Target has done so 6.14. As far as these numbers go, Target is the most profitable by a margin of almost 5%, but Walmart is getting more return on value. It’s interesting to note that while both companies have a profit margin and have made money o ...
Topic Note-11
... projects: by building cars, stereos, TVs, buildings, bridges, etc. Financial transactions (like changes in the dividend policy, capital structure, etc.) are paper transactions which cannot create value in themselves, but can affect value only by influencing real investment decisions, or by minimizin ...
... projects: by building cars, stereos, TVs, buildings, bridges, etc. Financial transactions (like changes in the dividend policy, capital structure, etc.) are paper transactions which cannot create value in themselves, but can affect value only by influencing real investment decisions, or by minimizin ...
FREE Sample Here
... b. Managers may operate in stockholders' best interests, or managers may operate in their own personal best interests. As long as managers stay within the law, there are no effective controls that stockholders can implement to control managerial decision making. c. The agency conflicts between bondh ...
... b. Managers may operate in stockholders' best interests, or managers may operate in their own personal best interests. As long as managers stay within the law, there are no effective controls that stockholders can implement to control managerial decision making. c. The agency conflicts between bondh ...
IFRS FAQs
... Certain elements of the conceptual framework Canada has relied on for years are either changing or being subordinated The principle of inter-period matching of costs to revenues as well as the concept of conservatism (erring on the side of the accounting treatment that produces a lower reported ...
... Certain elements of the conceptual framework Canada has relied on for years are either changing or being subordinated The principle of inter-period matching of costs to revenues as well as the concept of conservatism (erring on the side of the accounting treatment that produces a lower reported ...
and confirmation bias can affect decision making
... The primary purpose of the survey was to illustrate to Health Products that it was relying on results of previous studies that, according to Kaiser, were unreliable due to the wording of the survey questions. To prove this point, Kaiser conducted a two-prong survey. In the first prong, the survey qu ...
... The primary purpose of the survey was to illustrate to Health Products that it was relying on results of previous studies that, according to Kaiser, were unreliable due to the wording of the survey questions. To prove this point, Kaiser conducted a two-prong survey. In the first prong, the survey qu ...
NBER WORKING PAPER SERIES Mark Aguiar Gita Gopinath
... 2,500 years. The intuition for this is described in detail in Section 3. The weakness of the standard model begins with the fact that autarky is not a severe punishment, even adjusting for the relatively large income volatility observed in emerging markets. The welfare gain of smoothing transitory s ...
... 2,500 years. The intuition for this is described in detail in Section 3. The weakness of the standard model begins with the fact that autarky is not a severe punishment, even adjusting for the relatively large income volatility observed in emerging markets. The welfare gain of smoothing transitory s ...
Understanding the Assumptions Used to Evaluate Social Security`s
... latter includes those who entered the country legally but overstayed or otherwise violated the terms of their visas.) Legal immigration has increased substantially since World War II, driven primarily by legislative increases in immigration quotas. Under the intermediate assumptions, net legal immig ...
... latter includes those who entered the country legally but overstayed or otherwise violated the terms of their visas.) Legal immigration has increased substantially since World War II, driven primarily by legislative increases in immigration quotas. Under the intermediate assumptions, net legal immig ...
press release
... Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext Amsterdam by NYSE Euronext under the ticker symbol “TFG.” In this quarterly update, unless otherwise stated, we report on the consolidated business incorporating TFG and Tetragon Financial Group M ...
... Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext Amsterdam by NYSE Euronext under the ticker symbol “TFG.” In this quarterly update, unless otherwise stated, we report on the consolidated business incorporating TFG and Tetragon Financial Group M ...
Effect of Liquidity Risk on Financial Performance of Insurance
... affect the market value of the liabilities through their effect on the discount rate(s) of the liability cash flows. These effects on the liability value should always be taken into account. In particular, market risks should always be considered from the perspective that both assets and liabilities ...
... affect the market value of the liabilities through their effect on the discount rate(s) of the liability cash flows. These effects on the liability value should always be taken into account. In particular, market risks should always be considered from the perspective that both assets and liabilities ...
Information for investors
... or her obligations (within the agreed amount or deadline) due to default on payment or for other reasons. Similarly, credit risk is also a deterioration of the financial standing of companies in which the investor has a stake. Furthermore, in cases of the company's insolvency or bankruptcy the inves ...
... or her obligations (within the agreed amount or deadline) due to default on payment or for other reasons. Similarly, credit risk is also a deterioration of the financial standing of companies in which the investor has a stake. Furthermore, in cases of the company's insolvency or bankruptcy the inves ...
Survey - eVestment
... When asked about their expected change of current allocations within private markets strategies, private debt stood out to be the asset class to expect the most positive flows, followed by private equity and infrastructure. Private debt is still a small part of respondents’ private markets portfolio ...
... When asked about their expected change of current allocations within private markets strategies, private debt stood out to be the asset class to expect the most positive flows, followed by private equity and infrastructure. Private debt is still a small part of respondents’ private markets portfolio ...
Defaultable Debt, Interest Rates, and the Current Account
... a stable trend. In a previous paper (Aguiar and Gopinath 2004), we document empirically that emerging markets are, indeed, more appropriately characterized as having a volatile trend. The fraction of variance at business‐cycle frequencies explained by permanent shocks is shown to be around 50 per ...
... a stable trend. In a previous paper (Aguiar and Gopinath 2004), we document empirically that emerging markets are, indeed, more appropriately characterized as having a volatile trend. The fraction of variance at business‐cycle frequencies explained by permanent shocks is shown to be around 50 per ...
Summary Financial Statement 2014
... heart of everything that we do. Our network of branches and agencies consolidates our position as a leading brand on the high street across Wales and the borders, allowing us to meet our Members’ needs face-to-face as well as in our contact centre and online. Listening to, and acting on, feedback fr ...
... heart of everything that we do. Our network of branches and agencies consolidates our position as a leading brand on the high street across Wales and the borders, allowing us to meet our Members’ needs face-to-face as well as in our contact centre and online. Listening to, and acting on, feedback fr ...
Revisiting the low volatility anomaly
... This material has not been reviewed by the SFC and is provided to you on the basis that you are a Professional Investor as defined in the Securities and Futures Ordinance (Cap.571) (the “Ordinance”). By accepting this material you acknowledge and agree that this material is provided for your use onl ...
... This material has not been reviewed by the SFC and is provided to you on the basis that you are a Professional Investor as defined in the Securities and Futures Ordinance (Cap.571) (the “Ordinance”). By accepting this material you acknowledge and agree that this material is provided for your use onl ...