Pacific Basin Working Paper Series $ · )
... Indonesia rose from less than 7 percent to 51 percent. ...
... Indonesia rose from less than 7 percent to 51 percent. ...
Chapter 1
... country throughout this period. It allowed small but steady increases of the public sector deficit, which climbed from 0.1% of GDP in 1973, to 9.1% in 1981. The CA deficit, relative to the previous phase decreased to an average of 4.12% of GDP. This was to a large extent the result the Greek drachma ...
... country throughout this period. It allowed small but steady increases of the public sector deficit, which climbed from 0.1% of GDP in 1973, to 9.1% in 1981. The CA deficit, relative to the previous phase decreased to an average of 4.12% of GDP. This was to a large extent the result the Greek drachma ...
CHAPTER 13 Capital Mobility and the Exchange Rate in the IS
... 1. An increase in government purchases (G) will increase the level of output (Y) and interest rates (i). This will cause an inflow of capital resulting in a higher value of the country's currency. The currency appreciation will lead to a loss in competitiveness, and net exports (NX) will be crowded ...
... 1. An increase in government purchases (G) will increase the level of output (Y) and interest rates (i). This will cause an inflow of capital resulting in a higher value of the country's currency. The currency appreciation will lead to a loss in competitiveness, and net exports (NX) will be crowded ...
Economic Stabilization in the Age of Globalization
... For a developing economy, short-term capital flows (portfolio investments and short-term bank loans) should not be encouraged because their disruptive effects on the exchange rate far outweigh any benefits that they may bring. Long-term capital flows should always be welcomed. A Tobin tax on short-t ...
... For a developing economy, short-term capital flows (portfolio investments and short-term bank loans) should not be encouraged because their disruptive effects on the exchange rate far outweigh any benefits that they may bring. Long-term capital flows should always be welcomed. A Tobin tax on short-t ...
Dr E`s Study Guide for ECO 011
... A. National Defense Argument B. Infant Industry Argument C. Special Interests and Trade Restrictions 1. Trade restrictions provide highly visible, concentrated benefits for a small group of people, while imposing widely dispersed costs that are often difficult to identify on the general citizenry. 2 ...
... A. National Defense Argument B. Infant Industry Argument C. Special Interests and Trade Restrictions 1. Trade restrictions provide highly visible, concentrated benefits for a small group of people, while imposing widely dispersed costs that are often difficult to identify on the general citizenry. 2 ...
AP Macro syllabus - Henry County Schools
... Advanced Placement Macroeconomics is a year-long college level course designed to prepare students to take the AP examination, administered by the College Board and the Educational Testing Service in May. For students who achieve a score of 3, 4, or 5, some universities grant college credit for taki ...
... Advanced Placement Macroeconomics is a year-long college level course designed to prepare students to take the AP examination, administered by the College Board and the Educational Testing Service in May. For students who achieve a score of 3, 4, or 5, some universities grant college credit for taki ...
Slide 1
... For some countries, domestic and international tourism both important For other countries, domestic tourism somewhat modest If domestic tourism modest, emphasis may be given to international tourism In these cases, TSA elements principally BOP travel and passenger transportation But some differences ...
... For some countries, domestic and international tourism both important For other countries, domestic tourism somewhat modest If domestic tourism modest, emphasis may be given to international tourism In these cases, TSA elements principally BOP travel and passenger transportation But some differences ...
The Impact of the Global Financial Crisis on the Chinese Economy
... In summary, the dramatic fall in export demand since the third quarter of 2008 is the single most important cause of Chinas slowdown. The slowdown in fixed asset investment was the second important contributing factor. The fall in fixed asset investment can in turn be attributed to the slowdown in ...
... In summary, the dramatic fall in export demand since the third quarter of 2008 is the single most important cause of Chinas slowdown. The slowdown in fixed asset investment was the second important contributing factor. The fall in fixed asset investment can in turn be attributed to the slowdown in ...
Calmfors January 14 HOW TO REFORM EUROPE´S FISCAL POLICY FRAMEWORK by
... room for the automatic stabilisers to work over the cycle. A procyclical loosening of fiscal policy in booms should be considered a violation of the budgetary requirements. The interpretation of the stipulation that the government debt ratio should be “decreasing at a satisfactory pace” if it is ab ...
... room for the automatic stabilisers to work over the cycle. A procyclical loosening of fiscal policy in booms should be considered a violation of the budgetary requirements. The interpretation of the stipulation that the government debt ratio should be “decreasing at a satisfactory pace” if it is ab ...
LESSON - 27 FOREIGN EXCHANGE – 2 EXCHANGE CONTROL
... market primarily by private dealings, and they, like other market prices, vary from dayto-day. Under the flexible exchange rate system, the first impact of any tendency toward a surplus or deficit in the balance of payments is on the exchange rate. surplus in the balance of payments will create an e ...
... market primarily by private dealings, and they, like other market prices, vary from dayto-day. Under the flexible exchange rate system, the first impact of any tendency toward a surplus or deficit in the balance of payments is on the exchange rate. surplus in the balance of payments will create an e ...
Highly Important Question National Income and
... 35. Explain the concept of deflationary gap. Explain two measures by which a central bank can attempt to reduce this gap. 36. State whether the following statements are true or false. Give reasons for your answer: (a) When marginal propensity to consume is greater than marginal propensity to save, ...
... 35. Explain the concept of deflationary gap. Explain two measures by which a central bank can attempt to reduce this gap. 36. State whether the following statements are true or false. Give reasons for your answer: (a) When marginal propensity to consume is greater than marginal propensity to save, ...
Ukraine - Economic Situation
... to 10.8% yoy in April. Over the period of January-April, import grew faster than export (13.9% yoy). The import statistics show a slight deceleration in the growth rate in April against March but the 3-month moving average is indicating rapid expansion rates for both import and exports that are like ...
... to 10.8% yoy in April. Over the period of January-April, import grew faster than export (13.9% yoy). The import statistics show a slight deceleration in the growth rate in April against March but the 3-month moving average is indicating rapid expansion rates for both import and exports that are like ...
Slide 1 - Viewpoint Learning
... payments BPay, PayPal etc • Pro-competitive regulatory reform: access, interchange caps (to go?), surcharging • Broad industry debate on the platform ...
... payments BPay, PayPal etc • Pro-competitive regulatory reform: access, interchange caps (to go?), surcharging • Broad industry debate on the platform ...
Foreign exchange market developments and intervention in Korea
... decade. The Korean authorities have intervened in the market when it was judged necessary, although we hold the view that under a free floating regime like the current Korean exchange rate system the exchange rate should in principle be determined in the foreign exchange market, reflecting economic ...
... decade. The Korean authorities have intervened in the market when it was judged necessary, although we hold the view that under a free floating regime like the current Korean exchange rate system the exchange rate should in principle be determined in the foreign exchange market, reflecting economic ...
East Asia: Success and Crisis
... excess comovement across countries in asset returns, whether debt or equity. The comovement is said to be excessive if it persists even after common fundamentals, as well as idiosyncratic factors, have been controlled for. 3. A recent variant to this approach is presented in Arias, Haussmann, and Ri ...
... excess comovement across countries in asset returns, whether debt or equity. The comovement is said to be excessive if it persists even after common fundamentals, as well as idiosyncratic factors, have been controlled for. 3. A recent variant to this approach is presented in Arias, Haussmann, and Ri ...
Advanced Economy Monetary Policy and Emerging Market Economies Jerome H. Powell Opening RemaRks
... down even as the interest rate differential remained elevated. As I will discuss in a moment, the lack of a tight relationship between capital flows and interest rates suggests that other factors also have been important. Even though interest rate differentials and capital inflows do not always move ...
... down even as the interest rate differential remained elevated. As I will discuss in a moment, the lack of a tight relationship between capital flows and interest rates suggests that other factors also have been important. Even though interest rate differentials and capital inflows do not always move ...
Chapter 4
... 2. Expenses are costs incurred by the firm in earning revenue and are measured by the cost of the asset consumed or services used. They are not necessarily related to the expenditure of cash. 3. Accounting income is determined by matching the expenses incurred in a period with the revenues earned in ...
... 2. Expenses are costs incurred by the firm in earning revenue and are measured by the cost of the asset consumed or services used. They are not necessarily related to the expenditure of cash. 3. Accounting income is determined by matching the expenses incurred in a period with the revenues earned in ...
Lecture Slides on Chapter 19 of Krugman, et. al.
... Bretton Woods • The collapse of the Bretton Woods system was caused primarily by imbalances of the U.S. during the 1960s and 1970s. – The U.S. current account surplus became a deficit in 1971. – Rapidly increasing government purchases increased aggregate demand and output, as well as prices. – Risin ...
... Bretton Woods • The collapse of the Bretton Woods system was caused primarily by imbalances of the U.S. during the 1960s and 1970s. – The U.S. current account surplus became a deficit in 1971. – Rapidly increasing government purchases increased aggregate demand and output, as well as prices. – Risin ...
Chap_19
... Bretton Woods • The collapse of the Bretton Woods system was caused primarily by imbalances of the U.S. during the 1960s and 1970s. – The U.S. current account surplus became a deficit in 1971. – Rapidly increasing government purchases increased aggregate demand and output, as well as prices. – Risin ...
... Bretton Woods • The collapse of the Bretton Woods system was caused primarily by imbalances of the U.S. during the 1960s and 1970s. – The U.S. current account surplus became a deficit in 1971. – Rapidly increasing government purchases increased aggregate demand and output, as well as prices. – Risin ...
Borrower of Last Resort - Tiemann Investment Advisors, LLC
... choice on the low-risk end of the spectrum. Investors able to bear risk may want to look to equities for their potential to advance sharply once the focus of economic activity swings decisively back to the private sector. Show us the Money To understand the argument against austerity, let’s look at ...
... choice on the low-risk end of the spectrum. Investors able to bear risk may want to look to equities for their potential to advance sharply once the focus of economic activity swings decisively back to the private sector. Show us the Money To understand the argument against austerity, let’s look at ...
DEFICITS: MANAGEMENT OF FISCAL IMBALANCES
... sixty percent of it is being used for current, i.e. revenue expenditure. But even the remaining part gives little satisfaction as the capital expenditure financed by it gives returns much lower than the cost of borrowing. ...
... sixty percent of it is being used for current, i.e. revenue expenditure. But even the remaining part gives little satisfaction as the capital expenditure financed by it gives returns much lower than the cost of borrowing. ...
Zyla on the Pound, 1978-84
... laborers were demanding higher and higher wages to keep up with the inflationary pressure. As a result of the demand for higher wages, unemployment rates were also rising (mostly in the manufacturing sector). Foreign currency borrowing reached its peak in 1976, at more than 3.5 billion Pounds. The b ...
... laborers were demanding higher and higher wages to keep up with the inflationary pressure. As a result of the demand for higher wages, unemployment rates were also rising (mostly in the manufacturing sector). Foreign currency borrowing reached its peak in 1976, at more than 3.5 billion Pounds. The b ...
Durable Goods and the Collapse of Global Trade
... GDPs in the recent global financial crisis. It’s not surprising that their imports and exports fell even more sharply. The fact that imports and exports have greater volatility than GDP explains why international trade plunges in deep recessions. But why is trade so much more volatile than GDP? The ...
... GDPs in the recent global financial crisis. It’s not surprising that their imports and exports fell even more sharply. The fact that imports and exports have greater volatility than GDP explains why international trade plunges in deep recessions. But why is trade so much more volatile than GDP? The ...
S2011925_en.pdf
... deficits often referred to as the “twin deficit hypothesis”. The first of these, which has roots in the Mundell–Fleming model (Fleming, 1962; Mundell, 1963) suggest that the budget deficit causes the current account deficit. The transmission mechanism is such that the budget deficit increases consum ...
... deficits often referred to as the “twin deficit hypothesis”. The first of these, which has roots in the Mundell–Fleming model (Fleming, 1962; Mundell, 1963) suggest that the budget deficit causes the current account deficit. The transmission mechanism is such that the budget deficit increases consum ...