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 ...
The financial cycle and macroeconomics
... veil – a factor that, as a first approximation, could be ignored when seeking to understand business fluctuations (eg, Woodford (2003)). And when included at all, it would at most enhance the persistence of the impact of economic shocks that buffet the economy, delaying slightly its natural return t ...
... veil – a factor that, as a first approximation, could be ignored when seeking to understand business fluctuations (eg, Woodford (2003)). And when included at all, it would at most enhance the persistence of the impact of economic shocks that buffet the economy, delaying slightly its natural return t ...
Structural Reforms and Economic Growth in Emerging
... Structural reforms can increase productivity by allocating resources more efficiently and could thus have substantial potential effects on growth. The literature suggests, however, that these gains depend critically on supportive fiscal and monetary policies and on the sequence in which reforms a ...
... Structural reforms can increase productivity by allocating resources more efficiently and could thus have substantial potential effects on growth. The literature suggests, however, that these gains depend critically on supportive fiscal and monetary policies and on the sequence in which reforms a ...
Atılım Üniversitesi Atılım Üniversitesi İktisat Bölümü İktisat Bölümü
... Among the forms of state, as Poulantzas argues above, the “authoritarian statism” has become evident in many western capitalist countries from the late 1970s. This conception rests on three different fundamental determinants: a) the decline of parliament, b) the strengthening of the Executive and, ...
... Among the forms of state, as Poulantzas argues above, the “authoritarian statism” has become evident in many western capitalist countries from the late 1970s. This conception rests on three different fundamental determinants: a) the decline of parliament, b) the strengthening of the Executive and, ...
bank credit and the housing market
... We develop our model by considering a close economy without public or foreign sectors where the following agents interact: households, firms, and the banking system. 1 We also adopt the following assumptions: (a) there are two factors of production; labour, which is remunerated by means of wages, an ...
... We develop our model by considering a close economy without public or foreign sectors where the following agents interact: households, firms, and the banking system. 1 We also adopt the following assumptions: (a) there are two factors of production; labour, which is remunerated by means of wages, an ...
2015-07-U-EUIMF - Public Services International Research Unit
... Moreover, this is not surprising, least of all for the IMF, which has published some of the strongest evidence that policies of austerity and liberalisation do not lead to growth in GDP. Three reports are especially relevant. The first is a research paper published in August 2012, with the extremely ...
... Moreover, this is not surprising, least of all for the IMF, which has published some of the strongest evidence that policies of austerity and liberalisation do not lead to growth in GDP. Three reports are especially relevant. The first is a research paper published in August 2012, with the extremely ...
Were 364 Economists All Wrong? - Institute of Economic Affairs
... inflation, fiscal prudence and lower interest rates, they were arguably essential to prevent the economic chaos that arises from unmanageable levels of government borrowing and debt. It is easy to forget just how precarious Britain’s financial situation was in the late 1970s. Both the national debt ...
... inflation, fiscal prudence and lower interest rates, they were arguably essential to prevent the economic chaos that arises from unmanageable levels of government borrowing and debt. It is easy to forget just how precarious Britain’s financial situation was in the late 1970s. Both the national debt ...
Going Global Why understanding currency diversification within a
... which historically have also often been backed by military power. At the beginning of the twentieth century, the British pound sterling was the world’s foremost reserve currency. This was a result of Britain leading the world in the gold standard, but was strongly supported by British military hegem ...
... which historically have also often been backed by military power. At the beginning of the twentieth century, the British pound sterling was the world’s foremost reserve currency. This was a result of Britain leading the world in the gold standard, but was strongly supported by British military hegem ...
RETHINKING MACROECONOMICS: WHAT FAILED, AND HOW TO REPAIR IT Joseph E. Stiglitz
... and the consequences that would follow upon its bursting. Economists like Minsky, who warned of the dangers of credit cycles (1992) or Kindleberger (1978), who described repeated patterns of manias, panics, and crashes, have come back into fashion (see also Reinhart and Rogoff 2009). Still, there wa ...
... and the consequences that would follow upon its bursting. Economists like Minsky, who warned of the dangers of credit cycles (1992) or Kindleberger (1978), who described repeated patterns of manias, panics, and crashes, have come back into fashion (see also Reinhart and Rogoff 2009). Still, there wa ...
globalization and state power
... countries (e.g. the Moonies). Thus, although typically understood as worldwide, transnational networks are not necessarily the same as ‘global’ ones. Global networks operate more or less on a worldwide basis, ranging from social movements (environmentalism, feminism, and socialism) to money markets. ...
... countries (e.g. the Moonies). Thus, although typically understood as worldwide, transnational networks are not necessarily the same as ‘global’ ones. Global networks operate more or less on a worldwide basis, ranging from social movements (environmentalism, feminism, and socialism) to money markets. ...
1. What is Economics
... So economics is treated as the science of growth and development .In fact, it is true that now a days people talk about well being of individual and the whole nation .It is understood that for an individual to be able to satisfy his/her wants, it is necessary that the whole economy must grow and fin ...
... So economics is treated as the science of growth and development .In fact, it is true that now a days people talk about well being of individual and the whole nation .It is understood that for an individual to be able to satisfy his/her wants, it is necessary that the whole economy must grow and fin ...
Predicting the probability of recession in Croatia
... predictors (including the term spread) at horizons longer than five quarters. The conclusions drawn from the above mentioned studies can be summed up to four points. Firstly, the vast majority of these papers are concentrated on the US economy. The only exception in that sense is the study of Bernar ...
... predictors (including the term spread) at horizons longer than five quarters. The conclusions drawn from the above mentioned studies can be summed up to four points. Firstly, the vast majority of these papers are concentrated on the US economy. The only exception in that sense is the study of Bernar ...
Regional Economic Outlook: Western Hemisphere
... The recovery of the global economy is continuing, mainly thanks to the sustained dynamism in many emerging economies. As expected, the recovery in key advanced economies is proceeding only slowly, as private demand is held back by the weakness of household and financial sector balance sheets. Notwit ...
... The recovery of the global economy is continuing, mainly thanks to the sustained dynamism in many emerging economies. As expected, the recovery in key advanced economies is proceeding only slowly, as private demand is held back by the weakness of household and financial sector balance sheets. Notwit ...
What does the historical record of reform suggest about the current
... continuation. As the market network externalities for sterling reserves eroded, the retirement of sterling as a reserve currency was postponed through negotiated management among the developed and developing world, i.e. positive externalities in terms of global stability were identified and deliber ...
... continuation. As the market network externalities for sterling reserves eroded, the retirement of sterling as a reserve currency was postponed through negotiated management among the developed and developing world, i.e. positive externalities in terms of global stability were identified and deliber ...
GLOBAL GROWTH: CAN PRODUCTIVITY SAVE THE DAY IN AN
... Can productivity save the day in an aging world? What are the prospects for growth in the decades ahead? What will it take to get global growth going? These are contentious questions that MGI has attempted to answer in a new report focused on the G19 (the G20 minus the European Union) and Nigeria, w ...
... Can productivity save the day in an aging world? What are the prospects for growth in the decades ahead? What will it take to get global growth going? These are contentious questions that MGI has attempted to answer in a new report focused on the G19 (the G20 minus the European Union) and Nigeria, w ...
The Economic Outlook: Fasten Your Seatbelts
... Copyright (c) 2008 Standard & Poor’s, a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved. ...
... Copyright (c) 2008 Standard & Poor’s, a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved. ...
The Financial Crisis - Center on Budget and Policy Priorities
... evidence below, that the economy would have fallen much further were it not for aggressive actions taken by the Fed and FDIC to shore up liquidity in the financial system early in the crises in late 2008: the Troubled Asset Relief Program, or TARP, passed in early October 2008; the bank stress tests ...
... evidence below, that the economy would have fallen much further were it not for aggressive actions taken by the Fed and FDIC to shore up liquidity in the financial system early in the crises in late 2008: the Troubled Asset Relief Program, or TARP, passed in early October 2008; the bank stress tests ...
Monetary Policy: Recent Experience and Future Directions
... integration, which in turn creates greater scope for contagion, have been particularly relevant even in countries where credit growth was relatively contained and real estate did not experience a boom. There is much less consensus on whether monetary policy could have helped prevent the financial cr ...
... integration, which in turn creates greater scope for contagion, have been particularly relevant even in countries where credit growth was relatively contained and real estate did not experience a boom. There is much less consensus on whether monetary policy could have helped prevent the financial cr ...
View Abstract
... from other countries and to promote exports through measures that build a country’s competitive advantage. This form of export led growth is usually accompanied by central control over wage ...
... from other countries and to promote exports through measures that build a country’s competitive advantage. This form of export led growth is usually accompanied by central control over wage ...
A deflationary wave has arrived in the Eurozone but it is not the next
... low-trend real growth and already low expectations of inflation are particularly vulnerable to deflationary spirals, as well as countries that have a large output gap. To create a list of the countries most likely to be impacted, the IMF in its World Economic Outlook October 2014 publication selecte ...
... low-trend real growth and already low expectations of inflation are particularly vulnerable to deflationary spirals, as well as countries that have a large output gap. To create a list of the countries most likely to be impacted, the IMF in its World Economic Outlook October 2014 publication selecte ...
FREE Sample Here
... ■ The second phase of globalization began around 1900 and was caused by the rise of electricity and steel production. ■ The phase reached its height just before the Great Depression, a worldwide economic downturn that started in 1929. ■ At the turn-of-the-century, Western Europe was the most industr ...
... ■ The second phase of globalization began around 1900 and was caused by the rise of electricity and steel production. ■ The phase reached its height just before the Great Depression, a worldwide economic downturn that started in 1929. ■ At the turn-of-the-century, Western Europe was the most industr ...
Cross-Border Banking and Global Liquidity
... Ely lecture, Obstfeld (2012b p.3) concludes that “large gross …nancial ‡ows entail potential stability risks that may be only distantly related, if related at all, to the global con…guration of saving-investment discrepancies.” One reason for the caution is that the growth in gross capital ‡ows was ...
... Ely lecture, Obstfeld (2012b p.3) concludes that “large gross …nancial ‡ows entail potential stability risks that may be only distantly related, if related at all, to the global con…guration of saving-investment discrepancies.” One reason for the caution is that the growth in gross capital ‡ows was ...
MEASURING THE EFFECTS OF MONETARY POLICY FOR
... first requirement of tight monetary policy; the higher spread means tighter monetary policy. We do not suggest that the central bank control both of these instruments at the same time; but while controlling one, the CB could watch the other. The advantage of using spread to measure monetary policy i ...
... first requirement of tight monetary policy; the higher spread means tighter monetary policy. We do not suggest that the central bank control both of these instruments at the same time; but while controlling one, the CB could watch the other. The advantage of using spread to measure monetary policy i ...
Introduction to Minsky`s Stabilizing an Unstable Economy
... instability in our sort of economy is upward, that is, toward a speculative boom. Unlike other critical analyses of capitalist processes, which emphasize the bust, Minsky was more concerned with the euphoric period. And unlike other analyses that blame “shocks”, irrational exuberance, or stupid poli ...
... instability in our sort of economy is upward, that is, toward a speculative boom. Unlike other critical analyses of capitalist processes, which emphasize the bust, Minsky was more concerned with the euphoric period. And unlike other analyses that blame “shocks”, irrational exuberance, or stupid poli ...
The Panorama of the East Asian Crisis and the IMF`s
... concludes that the “exceptional severity” of the crisis was caused by the UFB, the loss of confidence in the banking system, and the social and political weakness of Indonesia.12 Returning to Blustein’s analysis, as Indonesia’s dollar reserves reached almost zero, Indonesia sought the help of the I ...
... concludes that the “exceptional severity” of the crisis was caused by the UFB, the loss of confidence in the banking system, and the social and political weakness of Indonesia.12 Returning to Blustein’s analysis, as Indonesia’s dollar reserves reached almost zero, Indonesia sought the help of the I ...
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.