RABE-DISSERTATION-2015 - JScholarship
... I present a dynamic open-economy macro model with an endogenously determined rate of interest on internationally-mobile assets. All countries produce tradable and nontradable goods using technology that converges over time to a global frontier. The model quantifies the welfare effects of the unilater ...
... I present a dynamic open-economy macro model with an endogenously determined rate of interest on internationally-mobile assets. All countries produce tradable and nontradable goods using technology that converges over time to a global frontier. The model quantifies the welfare effects of the unilater ...
Housing Demand, Savings Gluts and Current Account Dynamics Pedro Gete
... and then their reversal led to the subsequent bust.3 3) Changes in housing price expectations. An increasingly large literature provides evidence that homebuyers’beliefs played a key role in recent housing dynamics.4 I input into the model the dynamics for population, LTVs and housing price expectat ...
... and then their reversal led to the subsequent bust.3 3) Changes in housing price expectations. An increasingly large literature provides evidence that homebuyers’beliefs played a key role in recent housing dynamics.4 I input into the model the dynamics for population, LTVs and housing price expectat ...
deficit spending and stabilization behaviour in austria
... the minor importance of the Austrian currency, larger increases in productivity and the longterm development of the real exchange rate between the Austrian Schilling and the German Mark have granted (at least a moderate) autonomy in monetary policy which has never been utilized for monetary targetin ...
... the minor importance of the Austrian currency, larger increases in productivity and the longterm development of the real exchange rate between the Austrian Schilling and the German Mark have granted (at least a moderate) autonomy in monetary policy which has never been utilized for monetary targetin ...
Fiscal Policy Reaction in the Short Term for Assessing Fiscal
... before the Stability and Growth Pact (SGP) was adopted, fiscal policy was not sustainable in most European Monetary Union countries, with the possible exceptions of Germany, Austria, and the Netherlands. Recently, Afonso and Rault (2007) found that even if the sustainability of public finances in t ...
... before the Stability and Growth Pact (SGP) was adopted, fiscal policy was not sustainable in most European Monetary Union countries, with the possible exceptions of Germany, Austria, and the Netherlands. Recently, Afonso and Rault (2007) found that even if the sustainability of public finances in t ...
Exchange rate valuation and its impact on the real economy
... research can broadly be grouped into two areas, the first of which views the exchange rate as an asset price. This so-called ‘asset market’ approach was developed in the late 1970s and posits that an exchange rate can be thought of as an asset price whose value reflects not only current economic con ...
... research can broadly be grouped into two areas, the first of which views the exchange rate as an asset price. This so-called ‘asset market’ approach was developed in the late 1970s and posits that an exchange rate can be thought of as an asset price whose value reflects not only current economic con ...
Macroeconomics Chamberlin and Yueh
... • Suppose, though, that all the countries in the world unleashed an equal fiscal expansion. The following figure represents the outcome for each country if they all expand simultaneously. • As output has increased in every country, all will experience a rise in exports as well as the initial expansi ...
... • Suppose, though, that all the countries in the world unleashed an equal fiscal expansion. The following figure represents the outcome for each country if they all expand simultaneously. • As output has increased in every country, all will experience a rise in exports as well as the initial expansi ...
An Introduction to System of National Accounts – Basic
... variable; it is usually expressed as an annual amount. ...
... variable; it is usually expressed as an annual amount. ...
32873fc30.05.15_(2).
... Tangible Net Worth: In ordinary parlance tangible net worth is share capital + reserves less intangibles. However, from a working capital perspective investment outside business made by an enterprise is also deducted from TNW so as to arrive at adjusted TNW. TOL/TNW: This is the ratio of total outsi ...
... Tangible Net Worth: In ordinary parlance tangible net worth is share capital + reserves less intangibles. However, from a working capital perspective investment outside business made by an enterprise is also deducted from TNW so as to arrive at adjusted TNW. TOL/TNW: This is the ratio of total outsi ...
Housing Demand, Savings Gluts and Current Account Dynamics
... provide evidence that homebuyers’beliefs played a key role in recent housing dynamics. If we input dynamics for population, LTVs and housing price expectations similar to those observed in OECD economies since the mid 1990s, then the model generates dynamics for housing quantities and prices (includ ...
... provide evidence that homebuyers’beliefs played a key role in recent housing dynamics. If we input dynamics for population, LTVs and housing price expectations similar to those observed in OECD economies since the mid 1990s, then the model generates dynamics for housing quantities and prices (includ ...
ABSTRACT Title of Document:
... monetization, creating an increase in current prices as in Sargent and Wallace (1981) and Drazen (1985). This occurs because the desire to reduce money holdings in the future creates pressures on the exchange rate market today, which in the absence of central bank intervention effectively increases ...
... monetization, creating an increase in current prices as in Sargent and Wallace (1981) and Drazen (1985). This occurs because the desire to reduce money holdings in the future creates pressures on the exchange rate market today, which in the absence of central bank intervention effectively increases ...
Mongolia: 2015 Article IV Consultation Staff Report
... The authorities’ approach soon proved unsustainable. With FDI falling, a growing share of the current account deficit has been financed by a drawdown of reserves. From more than $4 billion (almost 6½ months of imports) in early-2013, reserves are now down to $1¼ billion (two months) even after subst ...
... The authorities’ approach soon proved unsustainable. With FDI falling, a growing share of the current account deficit has been financed by a drawdown of reserves. From more than $4 billion (almost 6½ months of imports) in early-2013, reserves are now down to $1¼ billion (two months) even after subst ...
Budget deficit and national debt: sharing India experience
... 1.1 The global fiscal problem The global economy is in the midst of a very serious crisis, not experienced earlier. Indeed not surprisingly, many consider this as the mother of all crises. Prominent explanations include poor regulatory framework, global imbalances ...
... 1.1 The global fiscal problem The global economy is in the midst of a very serious crisis, not experienced earlier. Indeed not surprisingly, many consider this as the mother of all crises. Prominent explanations include poor regulatory framework, global imbalances ...
Budget Deficit and National Debt: Sharing India Experience
... 1.1 The global fiscal problem The global economy is in the midst of a very serious crisis, not experienced earlier. Indeed not surprisingly, many consider this as the mother of all crises. Prominent explanations include poor regulatory framework, global imbalances ...
... 1.1 The global fiscal problem The global economy is in the midst of a very serious crisis, not experienced earlier. Indeed not surprisingly, many consider this as the mother of all crises. Prominent explanations include poor regulatory framework, global imbalances ...
The Impact of the Financial Crisis on Emerging Asia
... A second assumption, that emerging markets would be able to “decouple” from a U.S. downturn, crumbled after the collapse of Lehman Brothers in September 2008. The IMF’s projection of 2009 growth in the emerging and developing countries went from 6.6 percent in April 2008 to just 1.5 percent in July ...
... A second assumption, that emerging markets would be able to “decouple” from a U.S. downturn, crumbled after the collapse of Lehman Brothers in September 2008. The IMF’s projection of 2009 growth in the emerging and developing countries went from 6.6 percent in April 2008 to just 1.5 percent in July ...
Financial Accounting II
... Suspense accounts and errors • Incorrect additions in any accounts; • Single entry recorded eg. A debit but no credit; a credit no debit • Entering debit amount not equal to credit amount. ...
... Suspense accounts and errors • Incorrect additions in any accounts; • Single entry recorded eg. A debit but no credit; a credit no debit • Entering debit amount not equal to credit amount. ...
NBER WORKING PAPER SERIES AN EVALUATION OF THEORY AND EVIDENCE B. Douglas Bernheim
... In evaluating the existing theory and evidence on Ricardian equivalence, it is essential to distinguish between the short run effects of government borrowing (primarily the potential for stimulating aggregate demand) and the long run effects (primarily the potential for depressing capital accumulati ...
... In evaluating the existing theory and evidence on Ricardian equivalence, it is essential to distinguish between the short run effects of government borrowing (primarily the potential for stimulating aggregate demand) and the long run effects (primarily the potential for depressing capital accumulati ...
trade and development report, 2011
... 3. Tighter regulation of financial investors......................................................................................... 140 4. Schemes for dealing with speculative bubbles............................................................................... 141 ...
... 3. Tighter regulation of financial investors......................................................................................... 140 4. Schemes for dealing with speculative bubbles............................................................................... 141 ...
A Common Currency Peg in East Asia?
... affect economies both inside and outside the regional boundary. The two large oil price increases of the 1970s may be termed global shocks. Regional shocks are common to the economies within the region. German unification of 1989 and the resulting fiscal expansion constitute a regional shock for Eur ...
... affect economies both inside and outside the regional boundary. The two large oil price increases of the 1970s may be termed global shocks. Regional shocks are common to the economies within the region. German unification of 1989 and the resulting fiscal expansion constitute a regional shock for Eur ...
The Implications of the Global Financial Crisis for Low-Income
... programs, such as targeted food distribution or school meal programs. Countries should focus on macroeconomic stability. In some countries with falling inflation there may be scope for monetary easing; others, however, still experience continued or renewed price pressures. Those with flexible exchan ...
... programs, such as targeted food distribution or school meal programs. Countries should focus on macroeconomic stability. In some countries with falling inflation there may be scope for monetary easing; others, however, still experience continued or renewed price pressures. Those with flexible exchan ...
Download the IMF report here
... lower-than-expected revenues. The outlook is also worse in Canada and several emerging economies (Argentina, Mexico, Russia, South Africa, and Turkey), reflecting lower projected growth and consequently larger contributions from automatic stabilizers. By contrast, the fiscal outlook is better in cou ...
... lower-than-expected revenues. The outlook is also worse in Canada and several emerging economies (Argentina, Mexico, Russia, South Africa, and Turkey), reflecting lower projected growth and consequently larger contributions from automatic stabilizers. By contrast, the fiscal outlook is better in cou ...
conference paper
... democratic political processes than either monetary or exchange rate policy, and thus is more “public” and subject to interest group pressures (Willett 1999; see also Gowa 1988). Nevertheless, fiscal coordination does occur, so our first requirement is to define it. Drawing on Abbott et al (2000), w ...
... democratic political processes than either monetary or exchange rate policy, and thus is more “public” and subject to interest group pressures (Willett 1999; see also Gowa 1988). Nevertheless, fiscal coordination does occur, so our first requirement is to define it. Drawing on Abbott et al (2000), w ...
Determination of Optimal Foreign Exchange Reserves in Nigeria
... explicitly incorporating the country’s sovereign risk associated with default of external debt due to financial crisis. The empirical result shows that the volatility of foreign institutional investment, shortterm debt to reserves and the fiscal deficit to GDP significantly explains the variations i ...
... explicitly incorporating the country’s sovereign risk associated with default of external debt due to financial crisis. The empirical result shows that the volatility of foreign institutional investment, shortterm debt to reserves and the fiscal deficit to GDP significantly explains the variations i ...
Free Full text
... Context. Completion of the fourth review was delayed after the government announced in early 2016 expenditure and revenue initiatives with estimated annual fiscal costs of 3 percent of GDP. After the opposition won a majority in parliament in September, the President announced his resignation and th ...
... Context. Completion of the fourth review was delayed after the government announced in early 2016 expenditure and revenue initiatives with estimated annual fiscal costs of 3 percent of GDP. After the opposition won a majority in parliament in September, the President announced his resignation and th ...
Slide 1
... © Family Economics & Financial Education – May 2006 – Get Ready to Take Charge of Your Finances – Checking Account & Debit Card Simulation Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona ...
... © Family Economics & Financial Education – May 2006 – Get Ready to Take Charge of Your Finances – Checking Account & Debit Card Simulation Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona ...
STATUS OF MERCHANDISE TRADE STATISTICS
... developmental work on International Trade in Services including element of Tourism statistics and components such as Travel and Transportation. • 2006 (February) – Government of Spain – undertook developmental work on the TSA - A two-week pilot technical assistance mission in Saint Lucia. This missi ...
... developmental work on International Trade in Services including element of Tourism statistics and components such as Travel and Transportation. • 2006 (February) – Government of Spain – undertook developmental work on the TSA - A two-week pilot technical assistance mission in Saint Lucia. This missi ...