private
... • Definition: Market value of final goods and services produced within a country over a period of time • market value • final goods and services – excludes intermediate goods and services ...
... • Definition: Market value of final goods and services produced within a country over a period of time • market value • final goods and services – excludes intermediate goods and services ...
The international monetary and financial system: its Achilles heel
... elasticity, fall into three categories: perceptions of value and risk, incentives to take on risk, and powerful feedback mechanisms. Perceptions of value and risk are loosely anchored and highly procyclical: they tend to fall during booms and to reverse course sharply only during busts. The procycli ...
... elasticity, fall into three categories: perceptions of value and risk, incentives to take on risk, and powerful feedback mechanisms. Perceptions of value and risk are loosely anchored and highly procyclical: they tend to fall during booms and to reverse course sharply only during busts. The procycli ...
Global liquidity
... There is a broad consensus, however, that in the run-up to the financial crisis the level of global liquidity was an important determinant of asset price and consumer price dynamics in several economic regions. There is also evidence that, more generally, measures of global liquidity are one of the ...
... There is a broad consensus, however, that in the run-up to the financial crisis the level of global liquidity was an important determinant of asset price and consumer price dynamics in several economic regions. There is also evidence that, more generally, measures of global liquidity are one of the ...
Bartlett , Will Prica , Ivana. 'Interdependence between Core and Peripheries of the European Economy: Secular Stagnation and Growth in the Western Balkans' LEQS Paper No. 104, February 2016
... 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 costs, combined with labour market reforms to reduce wage costs and promote the flexibility of the labour forc ...
... 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 costs, combined with labour market reforms to reduce wage costs and promote the flexibility of the labour forc ...
Causes and Consequences of Global Imbalances
... growth and to alleviate the hardship of the most vulnerable groups, but is nothing more than that. However, a number of inconvenient facts stand in the way of this type of convenient thinking. For one, given the severity of the global crisis, there is a great deal of uncertainty about global recover ...
... growth and to alleviate the hardship of the most vulnerable groups, but is nothing more than that. However, a number of inconvenient facts stand in the way of this type of convenient thinking. For one, given the severity of the global crisis, there is a great deal of uncertainty about global recover ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... The credit crisis which started in 2007 in United States of America has represented the gravest threat to the global financial system since the 1930s. From the Wall Street financial headquarters in the United States, across to Europe, Japan, China, the global financial system around which modern fre ...
... The credit crisis which started in 2007 in United States of America has represented the gravest threat to the global financial system since the 1930s. From the Wall Street financial headquarters in the United States, across to Europe, Japan, China, the global financial system around which modern fre ...
course objectives - Master of Public Administration
... confusing, vague, does not cover many essential points. ...
... confusing, vague, does not cover many essential points. ...
Redefining the Role of the State
... mainly determined by historical events combined with developments in economic analysis. The classical economists, following the lead given by Adam Smith in his Wealth of Nations (1776), championed the case for free markets combined with a minimalist but essential role for government. For the classic ...
... mainly determined by historical events combined with developments in economic analysis. The classical economists, following the lead given by Adam Smith in his Wealth of Nations (1776), championed the case for free markets combined with a minimalist but essential role for government. For the classic ...
Master of Science in Economics and Business Administration
... economy grows further and becomes global in dimension [...] That will depend on how fast we can meet the most important preconditions like fiscal consolidation, inflation control, low level of NPAs1, low and sustainable current account deficit, strengthening of financial markets, prudential supervis ...
... economy grows further and becomes global in dimension [...] That will depend on how fast we can meet the most important preconditions like fiscal consolidation, inflation control, low level of NPAs1, low and sustainable current account deficit, strengthening of financial markets, prudential supervis ...
Out of Many, One? Household Debt, Redistribution and Monetary
... Analysis of monetary policy often begins with a model, and then finds data to help understand whether the model is useful. I believe this is the wrong approach, for the same reason Sherlock Holmes criticized this method in A Scandal in Bohemia: “It is a capital mistake to theorize before one has da ...
... Analysis of monetary policy often begins with a model, and then finds data to help understand whether the model is useful. I believe this is the wrong approach, for the same reason Sherlock Holmes criticized this method in A Scandal in Bohemia: “It is a capital mistake to theorize before one has da ...
NBER ON THE OF DECREASING
... while the bubble measures the value of the stock minus its usufruct. For instance, a claim to an apple tree could be split into two assets: a claim to the apple crop (whose value is the fundamental), and a claim to the useless2 wood itself (the bubble). Because of the free disposal assumption, the p ...
... while the bubble measures the value of the stock minus its usufruct. For instance, a claim to an apple tree could be split into two assets: a claim to the apple crop (whose value is the fundamental), and a claim to the useless2 wood itself (the bubble). Because of the free disposal assumption, the p ...
The Necessity and Policy Options of Finance in the Development... Low-carbon Economy in China
... 1 The Connotation of Low-Carbon Economy And The Significance For Social Sound Development As the rapid growth of the global population and economy, environmental pollution problem that caused by energy use is getting much more attention. As an economic development initiative, the call of “low-carbon ...
... 1 The Connotation of Low-Carbon Economy And The Significance For Social Sound Development As the rapid growth of the global population and economy, environmental pollution problem that caused by energy use is getting much more attention. As an economic development initiative, the call of “low-carbon ...
Impact of Global Economic Developments on
... Uncertainty in the international financial markets was heightened by the gradual normalization of US monetary policy, appreciation of the dollar and low oil prices, which led to capital flow reversals from the emerging markets and developing economies with attendant pressure in the currency markets. ...
... Uncertainty in the international financial markets was heightened by the gradual normalization of US monetary policy, appreciation of the dollar and low oil prices, which led to capital flow reversals from the emerging markets and developing economies with attendant pressure in the currency markets. ...
The Price of Growth
... and created a flight to quality. The main market makers turned dovish. Monetary tightening was delayed in the US, the European Central Bank expanded its bond-buying program to corporate debt and China credit policy was eased during earlier this year causing growing discontent (and a divide) among Ch ...
... and created a flight to quality. The main market makers turned dovish. Monetary tightening was delayed in the US, the European Central Bank expanded its bond-buying program to corporate debt and China credit policy was eased during earlier this year causing growing discontent (and a divide) among Ch ...
NBER WORKING PAPER SERIES ON THE BENEFITS OF DOLLARIZATION WHEN
... limit was binding initially), hence providing a channel for magnifying the real effects of the stabilization plan. Similarly, an exchange-rate collapse may tighten the borrowing limit to the point of making it binding, thus providing a mechanism for magnifying the recessive effects of the currency c ...
... limit was binding initially), hence providing a channel for magnifying the real effects of the stabilization plan. Similarly, an exchange-rate collapse may tighten the borrowing limit to the point of making it binding, thus providing a mechanism for magnifying the recessive effects of the currency c ...
The Policy Space Debate
... Department for Economic and Social Affairs. He stresses the significance of policy space for national development strategies, and assesses the principal sources of external, global constraints to national policy space. He acknowledges the importance of the UNCTAD XI meeting in 2004 and the World Sum ...
... Department for Economic and Social Affairs. He stresses the significance of policy space for national development strategies, and assesses the principal sources of external, global constraints to national policy space. He acknowledges the importance of the UNCTAD XI meeting in 2004 and the World Sum ...
GlobalViews - Scotia Capital
... central bank is committed to the inflation-targeting regime adopted last year with an official range of 4-6%. Consumer prices peaked at 5.7% y/y in July, prompting the central bank to modify its monetary policy stance and increase the reference rate by 200 basis points to 6.25% in August. Authoritie ...
... central bank is committed to the inflation-targeting regime adopted last year with an official range of 4-6%. Consumer prices peaked at 5.7% y/y in July, prompting the central bank to modify its monetary policy stance and increase the reference rate by 200 basis points to 6.25% in August. Authoritie ...
Financial Crisis, Recessions and the State of
... Roots lay in the quick global decline in nominal and real long- ...
... Roots lay in the quick global decline in nominal and real long- ...
A New Monthly Indicator of Global Real Economic Activity
... which originated from emerging economies. World GDP, Kilian’s rea index and World Steel Production (not shown in Figure 1) capture these effects. However, all these indexes seem to capture very well the Great Moderation (1985-2002), and the global financial crisis (GFC).4 2.1 OECD industrial product ...
... which originated from emerging economies. World GDP, Kilian’s rea index and World Steel Production (not shown in Figure 1) capture these effects. However, all these indexes seem to capture very well the Great Moderation (1985-2002), and the global financial crisis (GFC).4 2.1 OECD industrial product ...
Problems with Current EMU Arrangements
... However, monetary policy should not be operated by politicians but by experts (whether banks, economists or others) in the form of an „independent‟ Central Bank. Such a bank would also have greater credibility in the financial markets and be seen to have a stronger commitment to low inflation than p ...
... However, monetary policy should not be operated by politicians but by experts (whether banks, economists or others) in the form of an „independent‟ Central Bank. Such a bank would also have greater credibility in the financial markets and be seen to have a stronger commitment to low inflation than p ...
Prologue -- Tearing Down Walls -- History of the International
... In the economic turmoil following the war, that passive approach was not nearly enough. Some countries remained on the gold standard, but others did not. Without clear guidance or any institutional check on behavior, competitive devaluations and punitive tariffs became a common temptation for a quic ...
... In the economic turmoil following the war, that passive approach was not nearly enough. Some countries remained on the gold standard, but others did not. Without clear guidance or any institutional check on behavior, competitive devaluations and punitive tariffs became a common temptation for a quic ...
Principles of Economics Third Edition by Fred Gottheil
... • Suppose equilibrium Y = $1.0 trillion, fullemployment Y = $1.4 trillion, and MPC = 0.8. If you want to achieve a full employment level of Y and don’t worry about running deficit budgets, what would you do and why. If you want to keep the budget balanced and still get to full employment Y, what mus ...
... • Suppose equilibrium Y = $1.0 trillion, fullemployment Y = $1.4 trillion, and MPC = 0.8. If you want to achieve a full employment level of Y and don’t worry about running deficit budgets, what would you do and why. If you want to keep the budget balanced and still get to full employment Y, what mus ...
The Political Economy of the Euro Crisis
... empirical investigations of these past crises that can enhance our understanding of the dynamics and politics in the euro crisis. In short, economists analyzing the euro crisis have largely assumed politics away as a second-order problem, while political scientists often either under- or over-emphas ...
... empirical investigations of these past crises that can enhance our understanding of the dynamics and politics in the euro crisis. In short, economists analyzing the euro crisis have largely assumed politics away as a second-order problem, while political scientists often either under- or over-emphas ...
Shadow Economy in Mediterranean Countries
... very close to the customers so they can collude with them and evade in indirect taxes. Finally, these people have the possibility to employ irregular workers, because they do not have the same internal and external auditing control than bigger firms. Therefore, ceteris paribus, the higher the rate o ...
... very close to the customers so they can collude with them and evade in indirect taxes. Finally, these people have the possibility to employ irregular workers, because they do not have the same internal and external auditing control than bigger firms. Therefore, ceteris paribus, the higher the rate o ...
3BUAdvising and Supervision (as main/co
... I tought Advanced Econometrics, Managerial Finance (Post-Graduate level), Business Finance, Managerial Economics, Microeconomic Theory (Post-Graduate level), International Economics (Post-Graduate level), Spreadsheet Modelling, Advanced Microeconomics, Project Evaluation, and Research Methods in Fin ...
... I tought Advanced Econometrics, Managerial Finance (Post-Graduate level), Business Finance, Managerial Economics, Microeconomic Theory (Post-Graduate level), International Economics (Post-Graduate level), Spreadsheet Modelling, Advanced Microeconomics, Project Evaluation, and Research Methods in Fin ...
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.