Capital Flow Policies, Monetary Policy and Coordination
... exchange interventions by many EMEs. What the discussion over the past five years in international policy forums about capital flows therefore underlines is that there are important policy spillovers of domestic policy decisions, including monetary policy. This makes a strong case for policy coordin ...
... exchange interventions by many EMEs. What the discussion over the past five years in international policy forums about capital flows therefore underlines is that there are important policy spillovers of domestic policy decisions, including monetary policy. This makes a strong case for policy coordin ...
Demand Imbalances, Exchange Rate Misalignment and Monetary Policy
... recurrent in the policy debate on business cycle stabilization, reflecting the importance of exchange rates in their dual roles as relative price in the goods markets, and asset price in financial markets. Such concerns are often at the top of the policy agenda, motivating calls for redirecting mone ...
... recurrent in the policy debate on business cycle stabilization, reflecting the importance of exchange rates in their dual roles as relative price in the goods markets, and asset price in financial markets. Such concerns are often at the top of the policy agenda, motivating calls for redirecting mone ...
Rooseveltâ•Žs Recession, 1937: Lasting History and Contested Policy
... The first baking crisis began during October of 1930 and tapered off in early 1931. During this period, bank failures peaked in November and December. In November, 256 banks, with total deposits of $180 million, failed. The following month ushered in the failure of 352 banks, with total deposits of ...
... The first baking crisis began during October of 1930 and tapered off in early 1931. During this period, bank failures peaked in November and December. In November, 256 banks, with total deposits of $180 million, failed. The following month ushered in the failure of 352 banks, with total deposits of ...
What Green Economy? Diverse agendas, their tensions and
... promotes ‘the use of technologies that encourage efficient forms of recycling and reuse’ (Young, 2011: 119). To stimulate such improvements, since the 1990s there have been proposals for more stringent environmental regulation, but this remains marginal or absent in the UNEP agenda for a green econo ...
... promotes ‘the use of technologies that encourage efficient forms of recycling and reuse’ (Young, 2011: 119). To stimulate such improvements, since the 1990s there have been proposals for more stringent environmental regulation, but this remains marginal or absent in the UNEP agenda for a green econo ...
Global Investment: Salient Features and Policy Challenges by
... The risks to FDI recovery include the fragile global economy, European sovereign debt crisis, slow-down in Asian growth, and the so-called US fiscal cliff. Multinationals are understandably cautious about their expansion plans at the moment. They are currently retaining global cash holdings in the r ...
... The risks to FDI recovery include the fragile global economy, European sovereign debt crisis, slow-down in Asian growth, and the so-called US fiscal cliff. Multinationals are understandably cautious about their expansion plans at the moment. They are currently retaining global cash holdings in the r ...
Monetary Policy - Federal Reserve Bank of Philadelphia
... economic activity.) c. What kind of information do you think the Fed uses to make changes to the money supply? (Answers will vary. The Fed tracks trends in many areas of economic activity using economic indicators to see if there are signals pointing to recession or inflation, or whether the risks o ...
... economic activity.) c. What kind of information do you think the Fed uses to make changes to the money supply? (Answers will vary. The Fed tracks trends in many areas of economic activity using economic indicators to see if there are signals pointing to recession or inflation, or whether the risks o ...
bordering capabilities versus borders
... armaments). The heightened legibility of the diverse meanings of the geographic border (and its outposts) feeds into its unstable meaning. And, while this unstable meaning has long been evident sociologically, it is now also legible legally. At its most extreme, it shows bordering to be a practice a ...
... armaments). The heightened legibility of the diverse meanings of the geographic border (and its outposts) feeds into its unstable meaning. And, while this unstable meaning has long been evident sociologically, it is now also legible legally. At its most extreme, it shows bordering to be a practice a ...
... global growth in 2016 is a modest 3.2 percent, broadly in line with last year, and a 0.2 percentage point downward revision relative to the January 2016 World Economic Outlook Update. The recovery is projected to strengthen in 2017 and beyond, driven primarily by emerging market and developing econo ...
How the full opening of the capital account to highly liquid financial
... beneficial to DCs with ‘sound fundamentals’ for a number of reasons, but especially because it should ‘pool risk’, and provide countercyclical access to finance. Well, there’s little evidence of that! In fact, since 1990 almost all Latin American countries have had (what in the narrow sense of the W ...
... beneficial to DCs with ‘sound fundamentals’ for a number of reasons, but especially because it should ‘pool risk’, and provide countercyclical access to finance. Well, there’s little evidence of that! In fact, since 1990 almost all Latin American countries have had (what in the narrow sense of the W ...
NBER WORKING PAPER SERIES SUDDEN STOPS AND OUTPUT DROPS V.V. Chari
... constraint on foreign borrowing. Theory’s answer is no; sudden stops, by themselves, do not lead to decreases in output, but rather to increases. To generate an output drop during a financial crisis, the model must include other frictions which have negative effects on output that are large enough to ...
... constraint on foreign borrowing. Theory’s answer is no; sudden stops, by themselves, do not lead to decreases in output, but rather to increases. To generate an output drop during a financial crisis, the model must include other frictions which have negative effects on output that are large enough to ...
Goldman Sachs Global Economics Paper 208
... we had envisaged in our original projections. The global financial crisis, far from undermining that story, has if anything reinforced it. We have expanded the initial projections in scope and breadth over the last decade, moving beyond the BRICs to the N-11. We are now at a point where we can offer ...
... we had envisaged in our original projections. The global financial crisis, far from undermining that story, has if anything reinforced it. We have expanded the initial projections in scope and breadth over the last decade, moving beyond the BRICs to the N-11. We are now at a point where we can offer ...
Internationalisation of currency in East Asia
... conditions or qualifications, which are mainly associated with market fundamentals, also need to be satisfied for it to be actually used by foreigners. In this regard, it is important to distinguish between capital account convertibility and currency internationalisation. Capital account convertibil ...
... conditions or qualifications, which are mainly associated with market fundamentals, also need to be satisfied for it to be actually used by foreigners. In this regard, it is important to distinguish between capital account convertibility and currency internationalisation. Capital account convertibil ...
I K D
... promotes ‘the use of technologies that encourage efficient forms of recycling and reuse’ (Young, 2011: 119). To stimulate such improvements, since the 1990s there have been proposals for more stringent environmental regulation, but this remains marginal or absent in the UNEP agenda for a green econo ...
... promotes ‘the use of technologies that encourage efficient forms of recycling and reuse’ (Young, 2011: 119). To stimulate such improvements, since the 1990s there have been proposals for more stringent environmental regulation, but this remains marginal or absent in the UNEP agenda for a green econo ...
Education for Interdependence: The University and the Global Citizen
... In other words, the ways we think and talk about the world influence the ways we legally and institutionally construct the world. In order to construct effective international institutions and frameworks of law that are capable of addressing the complex global challenges that will increasingly face ...
... In other words, the ways we think and talk about the world influence the ways we legally and institutionally construct the world. In order to construct effective international institutions and frameworks of law that are capable of addressing the complex global challenges that will increasingly face ...
NBER WORKING PAPER SERIES BOOM-BUSTS IN ASSET PRICES, ECONOMIC INSTABILITY,
... the countries and whether one looks at stock or property prices. Boom-bust episodes seem to be more frequent in real property prices than in stock prices, and in small countries than in large countries. However, two dramatic episodes (the US in the Great Depression and Japan in the 1990s) have invol ...
... the countries and whether one looks at stock or property prices. Boom-bust episodes seem to be more frequent in real property prices than in stock prices, and in small countries than in large countries. However, two dramatic episodes (the US in the Great Depression and Japan in the 1990s) have invol ...
Chapter 01 Student PowerPoint Presentation - McGraw
... • The share of world output generated by developing countries has been steadily increasing since the 1960s • The stock of foreign direct investment (total cumulative value of foreign investments) generated by rich industrial countries is declining • Cross-border flows of foreign direct investment ar ...
... • The share of world output generated by developing countries has been steadily increasing since the 1960s • The stock of foreign direct investment (total cumulative value of foreign investments) generated by rich industrial countries is declining • Cross-border flows of foreign direct investment ar ...
Cours 6 - Solvay Brussels School
... A critique of the IMF approach (7) The effects of stabilisation programmes A main methodological problem of testing the effects of an IMF programme is to what compare the observed situation. Four approaches may be used : • “Before and after”. The problem is here that the economic environment has ...
... A critique of the IMF approach (7) The effects of stabilisation programmes A main methodological problem of testing the effects of an IMF programme is to what compare the observed situation. Four approaches may be used : • “Before and after”. The problem is here that the economic environment has ...
opinio juris - Kementerian Luar Negeri
... governance and its effect on the nation’s sovereignty. Particularly, this paper will empirically examine the process of globalization and global governance that has resulted in the erosion of national sovereignty that comes from the idea of Westphalia. In contrast to other studies, this paper consid ...
... governance and its effect on the nation’s sovereignty. Particularly, this paper will empirically examine the process of globalization and global governance that has resulted in the erosion of national sovereignty that comes from the idea of Westphalia. In contrast to other studies, this paper consid ...
measures of finance-adjusted output gaps
... market capitalization) matter for output gap, in addition to the conventional indicators such as inflation rate or unemployment. This paper contributes to this on-going research agenda by providing estimates of financeadjusted output gaps and sustainable growth for a large sample of emerging market ...
... market capitalization) matter for output gap, in addition to the conventional indicators such as inflation rate or unemployment. This paper contributes to this on-going research agenda by providing estimates of financeadjusted output gaps and sustainable growth for a large sample of emerging market ...
On Measuring the Effects of Fiscal Policy in Recessions*
... and provide structural interpretations of the correlations observed in macroeconomic time series. The calibrated or fitted models are used to conduct counterfactual policy experiments and generate estimates of the effects of alternative levels of government transfers or purchases. The size of the mul ...
... and provide structural interpretations of the correlations observed in macroeconomic time series. The calibrated or fitted models are used to conduct counterfactual policy experiments and generate estimates of the effects of alternative levels of government transfers or purchases. The size of the mul ...
External Monetary Shocks to Central and Eastern European
... reveals the high economic potential of these countries. One may wonder if economic development, helped by structural reforms, has led ...
... reveals the high economic potential of these countries. One may wonder if economic development, helped by structural reforms, has led ...
Economics - Whitman College
... applications to enable students to analyze contemporary economic society. Students who receive credit for Economics 100 cannot receive credit for this course. 102 Principles of Macroeconomics Fall, Spring Fall: Belay, Manic; Spring: Belay, Manic, Parcells 4 credits This course deals with broad econo ...
... applications to enable students to analyze contemporary economic society. Students who receive credit for Economics 100 cannot receive credit for this course. 102 Principles of Macroeconomics Fall, Spring Fall: Belay, Manic; Spring: Belay, Manic, Parcells 4 credits This course deals with broad econo ...
Neoliberal Political Economy and the Working Classes
... minorities. 21 "The economic and financial crisis of the late 2000S was not an accident nor the mere result of a banking system that had escaped control. It was a moment of revelation, one that exposed the systemic contradictions with which global capitalism has been struggling for decades." ALEX CA ...
... minorities. 21 "The economic and financial crisis of the late 2000S was not an accident nor the mere result of a banking system that had escaped control. It was a moment of revelation, one that exposed the systemic contradictions with which global capitalism has been struggling for decades." ALEX CA ...
The monetary policy decision-making process
... instance how high the long-term sustainable growth rate is. In general, the further ahead we look, the more importance we give to economic theory and the assumptions of long-term equilibrium in Ramses and the Bayesian VAR models. To gain an impression of the current situation in the Swedish economy ...
... instance how high the long-term sustainable growth rate is. In general, the further ahead we look, the more importance we give to economic theory and the assumptions of long-term equilibrium in Ramses and the Bayesian VAR models. To gain an impression of the current situation in the Swedish economy ...
Macroeconomics: Events and Ideas
... the classical model, prices are flexible, making the aggregate supply curve vertical even in the short run. In this model, an increase in the money supply leads, other things equal, to an equal proportional rise in the aggregate price level, with no effect on aggregate output. As a result, increases ...
... the classical model, prices are flexible, making the aggregate supply curve vertical even in the short run. In this model, an increase in the money supply leads, other things equal, to an equal proportional rise in the aggregate price level, with no effect on aggregate output. As a result, increases ...
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.