NBER WORKING PAPER SERIES NOT THE DISEASE!
... degree of interdependence among the major economies of the world through trade links and international capital flows. The current crisis must be understood in this context. In a closed economy, it is a simple accounting identity that the sum of domestic investment must equal domestic savings in each ...
... degree of interdependence among the major economies of the world through trade links and international capital flows. The current crisis must be understood in this context. In a closed economy, it is a simple accounting identity that the sum of domestic investment must equal domestic savings in each ...
NBER WORKING PAPER SERIES REAL-FINANCIAL LINKAGES AMONG OPEN ECONOMIES Sven W. Arndt
... This paper integrates the contributions to a forthcoming volume of the same title by the authors. The volume analyzes and empirically examines linkages between the real and financial variables that themselves link open economies-- "linkage" thus has a double meaning. Two types of linkages are discus ...
... This paper integrates the contributions to a forthcoming volume of the same title by the authors. The volume analyzes and empirically examines linkages between the real and financial variables that themselves link open economies-- "linkage" thus has a double meaning. Two types of linkages are discus ...
Structure of the government accounts
... The GFS recommends that each government payment should be classified according to its functional and economic characteristics. The budget reporting format complies with this recommendation. The items in the economic classification have been described above, under payments. The main function of the e ...
... The GFS recommends that each government payment should be classified according to its functional and economic characteristics. The budget reporting format complies with this recommendation. The items in the economic classification have been described above, under payments. The main function of the e ...
Alternative Definitions of the Budget Deficit Policy in South Africa
... The conventional budget balance on a cash basis is defined as the difference between total government expenditure (including interest payments on public debt but excluding any amortization payments) and total cash receipts (including taxes and non-tax revenues plus grants, without loans. It does not ...
... The conventional budget balance on a cash basis is defined as the difference between total government expenditure (including interest payments on public debt but excluding any amortization payments) and total cash receipts (including taxes and non-tax revenues plus grants, without loans. It does not ...
The impact of the Real Effective Exchange Rate on South Africa`s
... Dornbusch and Fischer (2005) as the price of a representative basket of foreign currencies with each currency weighted by its importance to the country in terms of international trade. However, in order to know whether South African goods are becoming more expensive or cheaper, we have to take into ...
... Dornbusch and Fischer (2005) as the price of a representative basket of foreign currencies with each currency weighted by its importance to the country in terms of international trade. However, in order to know whether South African goods are becoming more expensive or cheaper, we have to take into ...
CHAPTER 9 Applying the Competitive Model CHAPTER OUTLINE
... affects welfare–restrictions on the number of firms (entry and/or exit barriers); taxes and tariffs; and quotas, floors, and ceilings. I like to begin this section by asking students which of these government policies are beneficial. Although most students will accept the fact that at an individual ...
... affects welfare–restrictions on the number of firms (entry and/or exit barriers); taxes and tariffs; and quotas, floors, and ceilings. I like to begin this section by asking students which of these government policies are beneficial. Although most students will accept the fact that at an individual ...
Document
... Why is it unlikely that tax increases will be the way to eliminate current U.S. federal budget deficits? A. Increasing every worker's taxes by the same amount could eliminate the deficit, but it is likely this action would be viewed as too burdensome for workers with modest incomes. B. The revenues ...
... Why is it unlikely that tax increases will be the way to eliminate current U.S. federal budget deficits? A. Increasing every worker's taxes by the same amount could eliminate the deficit, but it is likely this action would be viewed as too burdensome for workers with modest incomes. B. The revenues ...
PwC economists reveal predictions for 2016
... expected that the US will continue to create an average of around 200,000 jobs per month, helping to sustain consumer spending growth. However, the US won’t have an easy run to the title of the fastest growing G7 economy; the UK will be its main rival as it is expected to grow within the range of 2– ...
... expected that the US will continue to create an average of around 200,000 jobs per month, helping to sustain consumer spending growth. However, the US won’t have an easy run to the title of the fastest growing G7 economy; the UK will be its main rival as it is expected to grow within the range of 2– ...
NBER WORKING PAPER SERIES THE ECONOMY OF ISRAEL Stanley Fischer
... price level or the exchange rate. They have also been entitled since the 1977 liberalization to hold foreign bank accounts and foreign ...
... price level or the exchange rate. They have also been entitled since the 1977 liberalization to hold foreign bank accounts and foreign ...
3. terms, definitions and explanations
... This publication presents the financial accounts of the general government sector for the period 2000–2014, according to the Government Finance Statistics (GFS) Manual 20141 of the International Monetary Fund. This system provides a comprehensive conceptual and accounting framework for analysis and ...
... This publication presents the financial accounts of the general government sector for the period 2000–2014, according to the Government Finance Statistics (GFS) Manual 20141 of the International Monetary Fund. This system provides a comprehensive conceptual and accounting framework for analysis and ...
0002 EN
... MFA loans to third countries are subject to individual decisions by the Council. A proposal by the Commission for granting an MFA loan of EUR 50 million and a grant of EUR 30 million to Lebanon was adopted on 20 August 2007 and has been forwarded to the European Parliament for consultation and to t ...
... MFA loans to third countries are subject to individual decisions by the Council. A proposal by the Commission for granting an MFA loan of EUR 50 million and a grant of EUR 30 million to Lebanon was adopted on 20 August 2007 and has been forwarded to the European Parliament for consultation and to t ...
###External Influences 1 - PowerPoint Presentation###
... – Impact on competition from imports and exports ...
... – Impact on competition from imports and exports ...
Rebalancing in the Euro Area and Cyclicality of Current
... various indicators to understand what is happening along the two important dimensions. Indeed, to the extent that net foreign liabilities have become very large, these countries must improve trade performance to improve their external position and being able to service their net foreign expense paym ...
... various indicators to understand what is happening along the two important dimensions. Indeed, to the extent that net foreign liabilities have become very large, these countries must improve trade performance to improve their external position and being able to service their net foreign expense paym ...
NBER WORKING PAPER SERIES SWISS EXCHANGE RATE POLICY IN THE 1930S.
... some of the gold bloc countries (notably France), was affected later and less than others. To some extent, the relative favorable conditions in 1930 and 1931 reflected the impetus from strong capital inflows, which allowed for a substantial expansion of the money supply (see below) and supported pro ...
... some of the gold bloc countries (notably France), was affected later and less than others. To some extent, the relative favorable conditions in 1930 and 1931 reflected the impetus from strong capital inflows, which allowed for a substantial expansion of the money supply (see below) and supported pro ...
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... account surpluses) get inflicted by trade and exchange rate conflicts. The natural currency habitat of domestic nationals – households, enterprises and financial institutions – is in their national currency. Both in China and Japan, wages and claims on financial institutions (e.g. banks and insuranc ...
... account surpluses) get inflicted by trade and exchange rate conflicts. The natural currency habitat of domestic nationals – households, enterprises and financial institutions – is in their national currency. Both in China and Japan, wages and claims on financial institutions (e.g. banks and insuranc ...
Correcting External Imbalances in the European Economy
... The literature refers to a ‘sudden stop’ that initiated these dramatic corrections as foreign net capital inflows slowed dramatically or even reversed as foreign investors were no longer willing to finance such large deficits in the current accounts. The CEE-5 were again an exception as the change i ...
... The literature refers to a ‘sudden stop’ that initiated these dramatic corrections as foreign net capital inflows slowed dramatically or even reversed as foreign investors were no longer willing to finance such large deficits in the current accounts. The CEE-5 were again an exception as the change i ...
Chapter 17 / The Income Adjustment Mechanism and Synthesis of
... trade balance (X-M) can increase only if Y increases relative to A. If Y is at less than full employment, then currency depreciation will increase Y because it will increase spending on domestic goods by both foreigners and domestics. (Depreciation of a country's currency makes domestic goods cheape ...
... trade balance (X-M) can increase only if Y increases relative to A. If Y is at less than full employment, then currency depreciation will increase Y because it will increase spending on domestic goods by both foreigners and domestics. (Depreciation of a country's currency makes domestic goods cheape ...
Caribbean - Scotia Capital
... impulse to upgrade infrastructure, and low inflation. Looking ahead, the expected post-election fiscal adjustment combined with US monetary policy normalization will moderate the pace of economic activity towards the potential growth rate of 4.5-5.5% in 2016/17. The construction sector has been a so ...
... impulse to upgrade infrastructure, and low inflation. Looking ahead, the expected post-election fiscal adjustment combined with US monetary policy normalization will moderate the pace of economic activity towards the potential growth rate of 4.5-5.5% in 2016/17. The construction sector has been a so ...
The lasting impact of the Asian financial crisis
... weaknesses" 13 in these economies, rather than the much more easily resolvable liquidity problem that actually caused the crisis. The proposed structural reforms were in some cases politically unpalatable and economically unnecessary or even harmful: for example, mass layoffs in the Korean auto indu ...
... weaknesses" 13 in these economies, rather than the much more easily resolvable liquidity problem that actually caused the crisis. The proposed structural reforms were in some cases politically unpalatable and economically unnecessary or even harmful: for example, mass layoffs in the Korean auto indu ...
current_account
... • Gross national expenditure (GNE) is the total expenditure on final goods and services by home entities in any given period (C + I + G). • A country’s gross domestic product (GDP) is the value of all (intermediate and final ) goods and services produced as output by firms, minus the value of all go ...
... • Gross national expenditure (GNE) is the total expenditure on final goods and services by home entities in any given period (C + I + G). • A country’s gross domestic product (GDP) is the value of all (intermediate and final ) goods and services produced as output by firms, minus the value of all go ...
Chapter VI: Capital, Investment, and International Capital
... Net foreign assets are part of a country’s national wealth The foreign asset position can change in two ways: Acquisition of new foreign assets or liabilities Change in the value of existing foreign assets and liabilities Through ...
... Net foreign assets are part of a country’s national wealth The foreign asset position can change in two ways: Acquisition of new foreign assets or liabilities Change in the value of existing foreign assets and liabilities Through ...
Currency factors: More than a zero sum game
... the RCCI strategy achieves a better balance of return to risk with much shallower drawdowns. ...
... the RCCI strategy achieves a better balance of return to risk with much shallower drawdowns. ...
ResearchBrief122
... One major problem with the euro area is that since its establishment constituent economies have been diverging in terms of productivity and inflation while the opposite evolution has been hoped for. Furthermore since the crisis they are now on different growth paths. The Greek economy is still contr ...
... One major problem with the euro area is that since its establishment constituent economies have been diverging in terms of productivity and inflation while the opposite evolution has been hoped for. Furthermore since the crisis they are now on different growth paths. The Greek economy is still contr ...
Policy Implementation with a Large Central Bank Balance Sheet
... Banks can choose to place a fixed amount of their reserves in the TDF Used to support a floor under rates--why lend below TDF rates?--and to drain reserves--transforms one type of liability (reserves) into another (TDF) Typically needs to be offered above IOER; otherwise, why lock up your mone ...
... Banks can choose to place a fixed amount of their reserves in the TDF Used to support a floor under rates--why lend below TDF rates?--and to drain reserves--transforms one type of liability (reserves) into another (TDF) Typically needs to be offered above IOER; otherwise, why lock up your mone ...