The New Day
... strategy since 2008, even to the extent of negative interest rates, and that this has largely been a failure is evident to all, so perhaps a different approach is needed. Which brings us back to Mr. Trump. Monetary policy is out of ideas, so the incoming US administration is apparently committed to ...
... strategy since 2008, even to the extent of negative interest rates, and that this has largely been a failure is evident to all, so perhaps a different approach is needed. Which brings us back to Mr. Trump. Monetary policy is out of ideas, so the incoming US administration is apparently committed to ...
the post-crisis world: the world economy in the aftermath - e
... instruments in an illegal way inflicting losses on some of the companies they dealt with. It was standard business practice at the time. As a result, not only small investors were affected and eventually these practices triggered the crisis. There are many court cases in which the institutions which ...
... instruments in an illegal way inflicting losses on some of the companies they dealt with. It was standard business practice at the time. As a result, not only small investors were affected and eventually these practices triggered the crisis. There are many court cases in which the institutions which ...
Zimbabwe Business Forecast Report Q2 2011 Brochure
... Zimbabwe faces some uncertainty in 2011. Most notably, it is not clear when and in what climate the next elections will be held. The uncertainty over the timing of elections, combined with the mixed policy messages coming from the current coalition government, is weighing on the country’s ability to ...
... Zimbabwe faces some uncertainty in 2011. Most notably, it is not clear when and in what climate the next elections will be held. The uncertainty over the timing of elections, combined with the mixed policy messages coming from the current coalition government, is weighing on the country’s ability to ...
Impact of the Global Financial Crisis on Zimbabwe
... Reduced commodity prices and volumes along with corresponding changes in the terms of trade and pressures on the trade balance; ...
... Reduced commodity prices and volumes along with corresponding changes in the terms of trade and pressures on the trade balance; ...
Presentation to the Forecasters Club of New York New York, NY
... rates on conforming mortgages backed by Fannie Mae and Freddie Mac have declined. The evidence suggests that the Fed’s decision to purchase mortgage-backed securities guaranteed by these agencies played a role in bringing rates down, and the further rate declines following last week’s FOMC announcem ...
... rates on conforming mortgages backed by Fannie Mae and Freddie Mac have declined. The evidence suggests that the Fed’s decision to purchase mortgage-backed securities guaranteed by these agencies played a role in bringing rates down, and the further rate declines following last week’s FOMC announcem ...
how to solve the us housing problem and avoid a recession
... investors were seriously hurt by banks whose self-interest lay in promoting sales of securities that benefited only the banks. The hearings concluded that a major cause of the Crash was that banks, in the 1920s, significantly increased their underwriting activities of securities. Consequently, in 19 ...
... investors were seriously hurt by banks whose self-interest lay in promoting sales of securities that benefited only the banks. The hearings concluded that a major cause of the Crash was that banks, in the 1920s, significantly increased their underwriting activities of securities. Consequently, in 19 ...
HOW TO SOLVE THE U.S. HOUSING
... investors were seriously hurt by banks whose self-interest lay in promoting sales of securities that benefited only the banks. The hearings concluded that a major cause of the Crash was that banks, in the 1920s, significantly increased their underwriting activities of securities. Consequently, in 19 ...
... investors were seriously hurt by banks whose self-interest lay in promoting sales of securities that benefited only the banks. The hearings concluded that a major cause of the Crash was that banks, in the 1920s, significantly increased their underwriting activities of securities. Consequently, in 19 ...
Discerning Europe`s fiscal situation
... states. Unanimous consent by member states is required for many important EU-side fiscal actions. As Sargent says: “Reformers in Europe today seek to redesign these aspects of European institutions, but so far the temporal order in which they have sought to rearrange institutions has evidently diffe ...
... states. Unanimous consent by member states is required for many important EU-side fiscal actions. As Sargent says: “Reformers in Europe today seek to redesign these aspects of European institutions, but so far the temporal order in which they have sought to rearrange institutions has evidently diffe ...
最新财经资讯 第58期 （总第168期） 国际司 2014-4
... The EU’s foreign policy chief, Catherine Ashton, said after the meeting that the ministers “condemned unreservedly” recent events in Ukraine and confirmed that they were going to start considering who else to add to the existing list of 33 Russian and Ukrainian officials targeted after Russia annexe ...
... The EU’s foreign policy chief, Catherine Ashton, said after the meeting that the ministers “condemned unreservedly” recent events in Ukraine and confirmed that they were going to start considering who else to add to the existing list of 33 Russian and Ukrainian officials targeted after Russia annexe ...
Standing Still But Still Standing
... tier turn into a fully fledged bank run. As before, we like ...
... tier turn into a fully fledged bank run. As before, we like ...
impact of the financial crisis upon eastern europe countries
... economies, notably the Baltic countries, from outright default and run to the banks and currencies. However, it can be argued that both the increase in domestic foreign currency borrowing and development of the banking sector in 2000’s represented in essence a massive carry trade with EE households ...
... economies, notably the Baltic countries, from outright default and run to the banks and currencies. However, it can be argued that both the increase in domestic foreign currency borrowing and development of the banking sector in 2000’s represented in essence a massive carry trade with EE households ...
Discussion of “International Coordination” by
... General Comment #5: What is Different under the ZLB? • Does the ZLB mean that there is no scope for cooperation? Is the exchange rate the only mechanism for expansion? • The ZLB does change the mechanism, but as Frankel points out, there are still mechanisms for monetary policy to affect the econom ...
... General Comment #5: What is Different under the ZLB? • Does the ZLB mean that there is no scope for cooperation? Is the exchange rate the only mechanism for expansion? • The ZLB does change the mechanism, but as Frankel points out, there are still mechanisms for monetary policy to affect the econom ...
Misunderstanding the Great Depression, making the next one worse
... founding editor, AER: Macro) • After the crisis… – It is important to start by stating the obvious, namely, that the baby should not be thrown out with the bathwater…” (Blanchard Dell'Ariccia et al. 2010; emphasis added) • Reality – Neoclassical macroeconomics is a baby that should never have been c ...
... founding editor, AER: Macro) • After the crisis… – It is important to start by stating the obvious, namely, that the baby should not be thrown out with the bathwater…” (Blanchard Dell'Ariccia et al. 2010; emphasis added) • Reality – Neoclassical macroeconomics is a baby that should never have been c ...
Solution
... Each year, The Economist publishes data on the price of the Big Mac in different countries and exchange rates. The accompanying table shows some data used for the index from 2007 and 2011. Use this information to answer the following questions. a. Where was it cheapest to buy a Big Mac in U.S. dolla ...
... Each year, The Economist publishes data on the price of the Big Mac in different countries and exchange rates. The accompanying table shows some data used for the index from 2007 and 2011. Use this information to answer the following questions. a. Where was it cheapest to buy a Big Mac in U.S. dolla ...
The Offensive against Transfers to the Poor Prabhat Patnaik
... have increased the fiscal deficit. But then, it may be asked, why should that matter, since the money for procuring the stocks has already been paid to the peasants, and any sale of the stocks no matter at what price would rather mean mopping up money from those buy these stocks and hence have an an ...
... have increased the fiscal deficit. But then, it may be asked, why should that matter, since the money for procuring the stocks has already been paid to the peasants, and any sale of the stocks no matter at what price would rather mean mopping up money from those buy these stocks and hence have an an ...
Market Outlook
... compared to the next 12 month expected earnings (forward PE or FPE) for the S&P 500 has gone from over 17x to 15.1x. At current levels, the U.S. stock market does not appear to be overly expensive. Over the intermediate and longerterm we still believe the uptrend in this market is intact. As for the ...
... compared to the next 12 month expected earnings (forward PE or FPE) for the S&P 500 has gone from over 17x to 15.1x. At current levels, the U.S. stock market does not appear to be overly expensive. Over the intermediate and longerterm we still believe the uptrend in this market is intact. As for the ...
background
... capital from overseas. As it became apparent that the economic impact of the Asian Crisis was deeper than had been expected, fiscal targets in Asian countries were relaxed to take account of falling government tax revenues. Monetary policy A high interest rate policy has the twin effects of reducing ...
... capital from overseas. As it became apparent that the economic impact of the Asian Crisis was deeper than had been expected, fiscal targets in Asian countries were relaxed to take account of falling government tax revenues. Monetary policy A high interest rate policy has the twin effects of reducing ...
Section 2 - What Are the Origins of Modern Fiscal and Monetary
... “great contraction,” a period of falling prices, rising unemployment, and declining incomes. The cure, in their view, lay not in fiscal but in monetary policy. The Federal Reserve should have reacted to the crisis, the economists argued, by expanding the money supply. Later in this chapter, you will ...
... “great contraction,” a period of falling prices, rising unemployment, and declining incomes. The cure, in their view, lay not in fiscal but in monetary policy. The Federal Reserve should have reacted to the crisis, the economists argued, by expanding the money supply. Later in this chapter, you will ...
chapter 26.2-26.3
... The desire to earn a profit is what drives businesses to make decisions about 3 basic economic questions; at the same time consumers make decisions about what to buy. Supply and Demand interact in the markets to set prices; decisions are made by producers and consumers based ...
... The desire to earn a profit is what drives businesses to make decisions about 3 basic economic questions; at the same time consumers make decisions about what to buy. Supply and Demand interact in the markets to set prices; decisions are made by producers and consumers based ...
High-level Regional Policy Dialogue on
... intra-regional trade/investments Domestic mkts constrained by income imbalance & lack of social safety net Need to reduce inequality, have wage increase rise with productivity ...
... intra-regional trade/investments Domestic mkts constrained by income imbalance & lack of social safety net Need to reduce inequality, have wage increase rise with productivity ...
'The State of the World Economy' (pdf).
... 1/ In percent of GDP; distance from yellow bar reflects required additional fiscal adjustment relative to 2010-13; adjustment to be sustained between 2020-30 to reduce public debt to prudent levels. 2/ Structural primary balance. 3/ Excluding financial sector support recorded above the line. ...
... 1/ In percent of GDP; distance from yellow bar reflects required additional fiscal adjustment relative to 2010-13; adjustment to be sustained between 2020-30 to reduce public debt to prudent levels. 2/ Structural primary balance. 3/ Excluding financial sector support recorded above the line. ...
SOTU and the Contemporary Macroeconomic Consensus
... Remember: Real values in the longrun do not change! e. R = N ─ Inf. R=8─3 R = 5% real interest ...
... Remember: Real values in the longrun do not change! e. R = N ─ Inf. R=8─3 R = 5% real interest ...
Standing Still But Still Standing
... move into a new investment scenario. If things work out, Divergence again would take hold—emerging economies and assets would outperform those of the developed world and US assets would trade at a premium. If events take a turn for the worse, Nemesis becomes a possibility. Risk assets would sell off ...
... move into a new investment scenario. If things work out, Divergence again would take hold—emerging economies and assets would outperform those of the developed world and US assets would trade at a premium. If events take a turn for the worse, Nemesis becomes a possibility. Risk assets would sell off ...
Real Business Cycles Basic idea
... a. Private savings rate = 22% of GDP b. Initial govt. savings rate = minus 6 % of GDP c. In 2012, govt. changes fiscal policy to a deficit of minus 2 % of GDP. d. All of higher govt. S goes into national S (i.e., constant private savings rate) and closed economy ...
... a. Private savings rate = 22% of GDP b. Initial govt. savings rate = minus 6 % of GDP c. In 2012, govt. changes fiscal policy to a deficit of minus 2 % of GDP. d. All of higher govt. S goes into national S (i.e., constant private savings rate) and closed economy ...
Global Economic Environment
... Sovereign debt has been a problem in many developed countries, especially in Europe and Japan, over the last 15-20 years. Euro area countries, though, took advantage of economic boom times early in the millennium to reduce their debt burdens. Gross government debt-to-GDP ratios shrunk by an average ...
... Sovereign debt has been a problem in many developed countries, especially in Europe and Japan, over the last 15-20 years. Euro area countries, though, took advantage of economic boom times early in the millennium to reduce their debt burdens. Gross government debt-to-GDP ratios shrunk by an average ...
Nouriel Roubini
Nouriel Roubini (born March 29, 1958) is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.The child of Iranian Jews, he was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a practising economist at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early research focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who in 2009 became Treasury Secretary.