selection from a published volume from the of Economic Research
... Part I: Exchange Rates The first section is on exchange rates. The two papers consider two quite different issues. In “Capital Account Policies and the Real Exchange Rate,” Olivier Jeanne develops and calibrates a real model to analyze the use of capital account policies to peg the real exchange rat ...
... Part I: Exchange Rates The first section is on exchange rates. The two papers consider two quite different issues. In “Capital Account Policies and the Real Exchange Rate,” Olivier Jeanne develops and calibrates a real model to analyze the use of capital account policies to peg the real exchange rat ...
Document
... monetary policy • In the short-term, real economy suffered most (+ weakening the geopolitical position) Western Europe + developed Asia • Suffering from collapse of global trade + own financial problems + (in some countries) need for housing market corrections as well Emerging markets (notably CEE a ...
... monetary policy • In the short-term, real economy suffered most (+ weakening the geopolitical position) Western Europe + developed Asia • Suffering from collapse of global trade + own financial problems + (in some countries) need for housing market corrections as well Emerging markets (notably CEE a ...
Global Crisis – Causes & Prescription
... – Would not exist in free market – Leverage 1000 to 1 – $5 Trillion – Government did have to “bailout” – implied guarantee – Politics Freddie / Fannie primary current cause of housing/financial problems Belief that housing prices never fall: based on government policies “The road to hell is paved wi ...
... – Would not exist in free market – Leverage 1000 to 1 – $5 Trillion – Government did have to “bailout” – implied guarantee – Politics Freddie / Fannie primary current cause of housing/financial problems Belief that housing prices never fall: based on government policies “The road to hell is paved wi ...
One Book One Northwestern Discussion Guides
... The Context: A pressing issue in current discussions about economics is that of natural resource depletion and exhaustion. Some researchers have presented concerns that humankind is using renewable and non-renewable natural resources at rates faster than they can be replenished, leading to resourc ...
... The Context: A pressing issue in current discussions about economics is that of natural resource depletion and exhaustion. Some researchers have presented concerns that humankind is using renewable and non-renewable natural resources at rates faster than they can be replenished, leading to resourc ...
ECONOMICS 101
... COURSE OBJECTIVE: This course presents the United States' basic macroeconomics system. Students are expected to understand the role of government, business cycles, unemployment, inflation, economic growth, fiscal and monetary policies, and international trade and finance. REQUIRED TEXT: Roger A. Arn ...
... COURSE OBJECTIVE: This course presents the United States' basic macroeconomics system. Students are expected to understand the role of government, business cycles, unemployment, inflation, economic growth, fiscal and monetary policies, and international trade and finance. REQUIRED TEXT: Roger A. Arn ...
The Greek economy is unlikely to benefit from further devaluation
... Moreover, there was no diversification in the structure of exports, which remain concentrated in commodities. In principle the devaluation should have stimulated the export manufacturing goods. But the share of manufacturing good in total exports remained at 10% even after the devaluation and has fa ...
... Moreover, there was no diversification in the structure of exports, which remain concentrated in commodities. In principle the devaluation should have stimulated the export manufacturing goods. But the share of manufacturing good in total exports remained at 10% even after the devaluation and has fa ...
Emmanuel Tumusiime-Mutebile: Macroeconomic management in
... dissipated, if they are allowed to spill over into a much broader range of prices, such that inflationary expectations become entrenched in the mind of the public. This is why it was imperative for the BOU to tighten monetary policy in 2011, by raising interest rates. Interest rates are the main too ...
... dissipated, if they are allowed to spill over into a much broader range of prices, such that inflationary expectations become entrenched in the mind of the public. This is why it was imperative for the BOU to tighten monetary policy in 2011, by raising interest rates. Interest rates are the main too ...
Fiscal Stimulus - Tata Mutual Fund
... analysis of factors that cause recession. • During the Great US Depression of the 1930s, he wrote his most important work, The General Theory of Employment, Interest, and Money. ...
... analysis of factors that cause recession. • During the Great US Depression of the 1930s, he wrote his most important work, The General Theory of Employment, Interest, and Money. ...
Press release - Brookings Institution
... The analysis found that overall, GDP per capita in these top 300 metro areas grew 1.3 percent in 2014, compared to 1.6 percent in 2013. Employment grew at 1.5 percent in 2014, the same as in 2013. The fastest growing economies were once again found in the Developing Asia-Pacific and Eastern Europea ...
... The analysis found that overall, GDP per capita in these top 300 metro areas grew 1.3 percent in 2014, compared to 1.6 percent in 2013. Employment grew at 1.5 percent in 2014, the same as in 2013. The fastest growing economies were once again found in the Developing Asia-Pacific and Eastern Europea ...
Scotland and Wales: Responses to the Recession
... contributing towards easing the pain of recession, but they can only do a limited amount within a fixed budget. Although they cannot originate a fiscal stimulus, they may be able to change the time profile of spending or reallocate funding between budgets However, although they cannot borrow, they m ...
... contributing towards easing the pain of recession, but they can only do a limited amount within a fixed budget. Although they cannot originate a fiscal stimulus, they may be able to change the time profile of spending or reallocate funding between budgets However, although they cannot borrow, they m ...
the neoclassical tradition
... Fiscal policy is downgraded. It should only be concerned with possibly broadly balancing government expenditure and taxation, effectively downgrading its importance as an active instrument of economic policy. This is an assumption based on the usual arguments of crowding out of government deficits a ...
... Fiscal policy is downgraded. It should only be concerned with possibly broadly balancing government expenditure and taxation, effectively downgrading its importance as an active instrument of economic policy. This is an assumption based on the usual arguments of crowding out of government deficits a ...
Dia 1
... execute unless industry focus Macro-economics are going to drift among CEE countries more than in the past ...
... execute unless industry focus Macro-economics are going to drift among CEE countries more than in the past ...
301LON U10K1
... Most distinguishing characteristic: countries are enjoying rapidly improving living standards and a growing middle class with rising economic aspirations. Evolving towards wealthy nation status. Importance in the world economy is increasing as attractive destinations for exports, FDI, and sourcing. ...
... Most distinguishing characteristic: countries are enjoying rapidly improving living standards and a growing middle class with rising economic aspirations. Evolving towards wealthy nation status. Importance in the world economy is increasing as attractive destinations for exports, FDI, and sourcing. ...
Secular Stagnation
... • Philosophy is to get investors to move into riskier assets – same problem that caused the 2008 collapse in the first place ...
... • Philosophy is to get investors to move into riskier assets – same problem that caused the 2008 collapse in the first place ...
Secular Stagnation
... • Philosophy is to get investors to move into riskier assets – same problem that caused the 2008 collapse in the first place ...
... • Philosophy is to get investors to move into riskier assets – same problem that caused the 2008 collapse in the first place ...
The Elusive Recovery Prabhat Patnaik
... When it comes to the United States as a possible source of fiscal stimulus for enlarging world demand, there are even bigger problems. Since it is an economy with a massive current account deficit, such an increase in government expenditure, apart from being anathema for finance capital, will also ...
... When it comes to the United States as a possible source of fiscal stimulus for enlarging world demand, there are even bigger problems. Since it is an economy with a massive current account deficit, such an increase in government expenditure, apart from being anathema for finance capital, will also ...
Emerging Market Debt Monthly Update
... and limited near-term financing needs. Investors will be closely watching the Federal Reserve to see whether Trump’s proposed fiscal stimulus will lead to a tougher-than-expected monetary policy response. ...
... and limited near-term financing needs. Investors will be closely watching the Federal Reserve to see whether Trump’s proposed fiscal stimulus will lead to a tougher-than-expected monetary policy response. ...
Diaspora as a powerful global search network
... Technology Advisory Group which includes special overseas advisors => Major investments in higher education, => Establish ITRI, public-private industrial research organization ...
... Technology Advisory Group which includes special overseas advisors => Major investments in higher education, => Establish ITRI, public-private industrial research organization ...
Tables and Figures
... among member nations. As free trade agreements and foreign-trade zones develop as an important indicator of globalization and the economic interdependence between countries and across regions, global firms increasingly face decisions about where best to source and establish manufacturing. Companies ...
... among member nations. As free trade agreements and foreign-trade zones develop as an important indicator of globalization and the economic interdependence between countries and across regions, global firms increasingly face decisions about where best to source and establish manufacturing. Companies ...
Title: An Example of an Economic Model: The Circular Flow of
... reduction systems). In contrast, if a system is unstable, then a disturbance to the system (causing a deviation) will result in the amplification of the deviation (deviation amplifying system). Those who believe in the market mechanism argue that market forces tend to work towards equilibrium. Those ...
... reduction systems). In contrast, if a system is unstable, then a disturbance to the system (causing a deviation) will result in the amplification of the deviation (deviation amplifying system). Those who believe in the market mechanism argue that market forces tend to work towards equilibrium. Those ...
econimic is the social science
... conflicting advice to policymakers? There are two basic reasons: Economists may disagree about the validity of alternative positive theories about how the world works. Economists may have different values and, therefore, different normative views about what policy should try to accomplish. ...
... conflicting advice to policymakers? There are two basic reasons: Economists may disagree about the validity of alternative positive theories about how the world works. Economists may have different values and, therefore, different normative views about what policy should try to accomplish. ...
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.