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 ...
Europe’s Hunger Games: Income Distribution, Cost Competitiveness and Crisis Servaas Storm and C.W.M. Naastepad
... social Darwinist, holding up Germany as a role model for a ‘competitive, flexible, fit’ economic system, whilst Europe’s southern periphery is seen as weak, uncompetitive—basically ‘unfit’ to cope with crisis due to ‘decades of economic mismanagement’. As per Darwin, the ‘unfit’ economies must adapt ...
... social Darwinist, holding up Germany as a role model for a ‘competitive, flexible, fit’ economic system, whilst Europe’s southern periphery is seen as weak, uncompetitive—basically ‘unfit’ to cope with crisis due to ‘decades of economic mismanagement’. As per Darwin, the ‘unfit’ economies must adapt ...
New Perspectives on the Great Depression
... exceptional, why was the unemployment rate still nearly 10% as late as 1940 (Romer 1991, p. 6), and why did durable-goods production fail to regain its 1929 level until August 1940 (Walton and Rockoff 2005, p. 454)?2 If the Bretton Woods System fostered an era of global stable growth, why did that s ...
... exceptional, why was the unemployment rate still nearly 10% as late as 1940 (Romer 1991, p. 6), and why did durable-goods production fail to regain its 1929 level until August 1940 (Walton and Rockoff 2005, p. 454)?2 If the Bretton Woods System fostered an era of global stable growth, why did that s ...
Rules- Based International Monetary Reform
... efficient monetary policy in other countries. For example, if the policy change in one country brings about an excessively easy policy with very low interest rates, then the policymakers in other countries—concerned about exchange rate appreciation—may deviate from their policy rule by setting inter ...
... efficient monetary policy in other countries. For example, if the policy change in one country brings about an excessively easy policy with very low interest rates, then the policymakers in other countries—concerned about exchange rate appreciation—may deviate from their policy rule by setting inter ...
Is Kazakhstan a Market Economy Yet? Getting warmer
... countries, such as Kazakhstan, are much more difficult to gauge. This paper looks at the conclusions from the USA, the EU, and work by theoretical economists, to answer whether or not Kazakhstan has become a market economy, as the U.S. government has declared it has. The conclusion is that it is “ge ...
... countries, such as Kazakhstan, are much more difficult to gauge. This paper looks at the conclusions from the USA, the EU, and work by theoretical economists, to answer whether or not Kazakhstan has become a market economy, as the U.S. government has declared it has. The conclusion is that it is “ge ...
DIGITAL GLOBALIZATION: THE NEW ERA OF GLOBAL FLOWS
... Over a decade, global flows have raised world GDP by at least 10 percent; this value totaled $7.8 trillion in 2014 alone. Data flows now account for a larger share of this impact than global trade in goods. Global flows generate economic growth primarily by raising productivity, and countries ben ...
... Over a decade, global flows have raised world GDP by at least 10 percent; this value totaled $7.8 trillion in 2014 alone. Data flows now account for a larger share of this impact than global trade in goods. Global flows generate economic growth primarily by raising productivity, and countries ben ...
Are All Emerging Market Crises Alike?
... triggering event for the subsequent performance of EMEs during 2008-09. The key hypothesis is that EMEs that suffered the worst performance (i.e., experienced their own crisis in 2008-09) were indeed those that had underlying vulnerabilities. By contrast, EMEs that were hit hard by global financial ...
... triggering event for the subsequent performance of EMEs during 2008-09. The key hypothesis is that EMEs that suffered the worst performance (i.e., experienced their own crisis in 2008-09) were indeed those that had underlying vulnerabilities. By contrast, EMEs that were hit hard by global financial ...
Have The Lessons Learned from The Asian Financial Crisis Been
... economy of Taiwan are obtained from the database of the Central Bank of the Republic of China (Taiwan). Annual data are used in this analysis because quarterly data are not always available for most of the economies analyzed in this paper. The data sources of the data for the five advanced economies ...
... economy of Taiwan are obtained from the database of the Central Bank of the Republic of China (Taiwan). Annual data are used in this analysis because quarterly data are not always available for most of the economies analyzed in this paper. The data sources of the data for the five advanced economies ...
Housing markets and the economy: the assessment
... value applies, so future first-time buyers will save little and not respond much to higher house ...
... value applies, so future first-time buyers will save little and not respond much to higher house ...
Security Scenarios And The Global Economy
... capital for SME development – increased diaspora involvement • Shift of American companies from China to set up supply chains closer to home – Jamaica good location • Chinese may establish a logistics hub to handle increased traffic ...
... capital for SME development – increased diaspora involvement • Shift of American companies from China to set up supply chains closer to home – Jamaica good location • Chinese may establish a logistics hub to handle increased traffic ...
Dissing U.S. Disinflation Talk
... Great Recession (Chart 1). While we’re optimistic about the U.S. outlook for 2015, Europe will continue to struggle, Japan is at risk of entering the New Year in recession, and there’s little doubt China is decelerating. Policymakers have struggled to provide a significant lift to growth, with monet ...
... Great Recession (Chart 1). While we’re optimistic about the U.S. outlook for 2015, Europe will continue to struggle, Japan is at risk of entering the New Year in recession, and there’s little doubt China is decelerating. Policymakers have struggled to provide a significant lift to growth, with monet ...
US Macroeconomic Outlook Alternative Scenarios
... In this recession scenario, in which a mild second downturn develops, there is a 75% probability that economic conditions will be better, broadly speaking, and a 25% probability that conditions will be worse. The downside 25% scenario, “Mild Second Recession,” is based on the assumption that the gro ...
... In this recession scenario, in which a mild second downturn develops, there is a 75% probability that economic conditions will be better, broadly speaking, and a 25% probability that conditions will be worse. The downside 25% scenario, “Mild Second Recession,” is based on the assumption that the gro ...
IHS Global Scenarios to 2030 OilExp International Conference
... • Launched in summer 2010, the IHS Global Scenarios to 2030 and the IHS CERA Energy Scenarios constitute a major, wide-ranging project designed to help companies and organizations to plan for the future, evaluate strategy, test investment decisions, and understand the forces of change in the world. ...
... • Launched in summer 2010, the IHS Global Scenarios to 2030 and the IHS CERA Energy Scenarios constitute a major, wide-ranging project designed to help companies and organizations to plan for the future, evaluate strategy, test investment decisions, and understand the forces of change in the world. ...
Exchange rate overshooting and the costs of floating
... costs of a currency crisis in a country with a high level of foreign currency debt. The key mechanism of the model is the presence of a margin constraint (as in Aiyagari and Gertler, 1999) imposed on the domestic country. We find the margin constraint a simple and convenient way of modeling the sudd ...
... costs of a currency crisis in a country with a high level of foreign currency debt. The key mechanism of the model is the presence of a margin constraint (as in Aiyagari and Gertler, 1999) imposed on the domestic country. We find the margin constraint a simple and convenient way of modeling the sudd ...
Global Marshall Plan Initiative
... well designed and well thought out. It offers the biggest chances to lead humankind to a good, sustainable and peaceful future, as opposed to the common one-sided and short-term solutions. This Initiative shows a way out of the "dead-end street" of the deadlocked global negotiations as well as the s ...
... well designed and well thought out. It offers the biggest chances to lead humankind to a good, sustainable and peaceful future, as opposed to the common one-sided and short-term solutions. This Initiative shows a way out of the "dead-end street" of the deadlocked global negotiations as well as the s ...
Global outlook - the United Nations
... balanced recovery of the global economy. Mitigating these risks poses enormous policy challenges. In major developed economies, macroeconomic policy options are limited by political factors restraining further fiscal stimulus and market responses to sovereign debt distress. This has led policymakers ...
... balanced recovery of the global economy. Mitigating these risks poses enormous policy challenges. In major developed economies, macroeconomic policy options are limited by political factors restraining further fiscal stimulus and market responses to sovereign debt distress. This has led policymakers ...
Obstacles to Implementing Lessons from the 1997-1998 East Asian Crises & Social Af
... Second, private sector debt exploded in the 1990s, especially from abroad, not least because of the efforts of debt-pushers keen to secure higher returns from the fast-growing region.3 Commercial banks’ foreign liabilities also increased quickly, as the ratio of loans to gross national product rose ...
... Second, private sector debt exploded in the 1990s, especially from abroad, not least because of the efforts of debt-pushers keen to secure higher returns from the fast-growing region.3 Commercial banks’ foreign liabilities also increased quickly, as the ratio of loans to gross national product rose ...
terra incognita
... June, to 1.4% and 1.8%. The US is central to the revision process. Its economy will not now grow by 2.4% this year, but by 1.6% only. Next year, the forecast has been changed from 2.9% to 1.8%. Generally speaking, Europe will adjust to the less dynamic pace of the US economy, given that the fiscal p ...
... June, to 1.4% and 1.8%. The US is central to the revision process. Its economy will not now grow by 2.4% this year, but by 1.6% only. Next year, the forecast has been changed from 2.9% to 1.8%. Generally speaking, Europe will adjust to the less dynamic pace of the US economy, given that the fiscal p ...
The Monetary Transmission Mechanism: Some Answers and Further
... manner distinct from that of the wealth channel. In the broad credit channel, asset prices are especially important in that they determine the value of the collateral that firms and consumers may present when obtaining a loan. In “frictionless” credit markets, a fall in the value of borrowers’ colla ...
... manner distinct from that of the wealth channel. In the broad credit channel, asset prices are especially important in that they determine the value of the collateral that firms and consumers may present when obtaining a loan. In “frictionless” credit markets, a fall in the value of borrowers’ colla ...
Statistical Appendix
... of GDP by 3.4 percent and boost the personal savings rate. The revised data also show that the Great Recession was shallower and the recovery was stronger through the first half of 2012, but also that cyclical weakness was greater during the past year. Overall, the revision does not significantly ch ...
... of GDP by 3.4 percent and boost the personal savings rate. The revised data also show that the Great Recession was shallower and the recovery was stronger through the first half of 2012, but also that cyclical weakness was greater during the past year. Overall, the revision does not significantly ch ...
US Economy in Recession: Similarities To and Differences From the
... information on the patterns found across past recessions since World War II and analyzes whether and how this recession might be different. There is no simple rule-of-thumb to determine when recessions begin or end. Recessions are officially declared by the National Bureau of Economic Research (NBER ...
... information on the patterns found across past recessions since World War II and analyzes whether and how this recession might be different. There is no simple rule-of-thumb to determine when recessions begin or end. Recessions are officially declared by the National Bureau of Economic Research (NBER ...
The Euro: `As bad as gold`? - Lund University Publications
... It is remarkable to what extent the recent international economic downturn resembles the Great Depression of the 1930s. Banking panics, mass unemployment and attempts of austerity to allegedly decrease the level of public debt describe the situation in the United States or Germany at that time as we ...
... It is remarkable to what extent the recent international economic downturn resembles the Great Depression of the 1930s. Banking panics, mass unemployment and attempts of austerity to allegedly decrease the level of public debt describe the situation in the United States or Germany at that time as we ...
The recession of 1937—A cautionary tale
... recession, I first take up the issue of its timing. The traditional National Bureau of Economic Research (NBER) business cycle dates put the peak of the recession in May 1937 and the trough in June 1938. Romer (1994) argues that there are inconsistencies in the way these dates were established over ...
... recession, I first take up the issue of its timing. The traditional National Bureau of Economic Research (NBER) business cycle dates put the peak of the recession in May 1937 and the trough in June 1938. Romer (1994) argues that there are inconsistencies in the way these dates were established over ...
Global economic conditions survey report: Q2, 2014
... ongoing trend of China’s slowdown (Figure 3), which has driven much of the development of the global economy over the last five years, is showing signs of coming to an end, or at least settling into a ‘new normal.’ SUBSTANTIAL RISKS AND IMBALANCES REMAIN As Figure 4 demonstrates, global business con ...
... ongoing trend of China’s slowdown (Figure 3), which has driven much of the development of the global economy over the last five years, is showing signs of coming to an end, or at least settling into a ‘new normal.’ SUBSTANTIAL RISKS AND IMBALANCES REMAIN As Figure 4 demonstrates, global business con ...
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.