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Food prices: smallholder farmers can be part of the solution, IFAD
Food prices: smallholder farmers can be part of the solution, IFAD

... Key findings: Concern is to track the impacts of the 2008/09 global financial and economic crisis on children in Burkina Faso by combining two types of analysis: one at the macro level and the other at the micro level, and assessing the potential effects of consecutive policy responses. Four channel ...
International Coordination - Federal Reserve Bank of San Francisco
International Coordination - Federal Reserve Bank of San Francisco

... A few scholars have begun to return to the subject of coordination.4 Some, such as Rey (2015), have given new prominence to the point that floating exchange rates do not fully insulate one country from the actions of another, especially if the other is the United States. This seems to suggest that c ...
The Economics of Small Open Economies
The Economics of Small Open Economies

... Developed small open economies have several salient features. First, their business-cycle volatility (as measured by the standard deviation of their GDP growth) is usually comparable in size to that seen in large and wealthy nations such as Germany, Japan, and the U.S. The second characteristic of d ...
High-level Regional Policy Dialogue on
High-level Regional Policy Dialogue on

... The main policy response to the global economic crisis in many of the developed countries is the fiscal and monetary policy stimulus to create domestic demand. Many economists of the Keynesian tradition take heart from this as they believe that markets may have failed in some of the instances. Howev ...
Are the Effects of Monetary Policy Asymmetric?
Are the Effects of Monetary Policy Asymmetric?

... about economic conditions, then lowering rates may not do much to stimulate borrowing and spending. This explanation is not entirely compelling, however, since consumer optimism during a boom period should also weaken the effect of tight monetary policy. For contractionary policy to have a stronger ...
- The Bichler and Nitzan Archives
- The Bichler and Nitzan Archives

... – or perhaps something totally different, such as power or force? What units should we use to measure its accumulation? Surprisingly, these questions remain unanswered; in fact, with the victory of liberalism, most of them are no longer being asked. But the silence cannot last for long. As crisis an ...
Synchronization between Financial Crisis and International
Synchronization between Financial Crisis and International

... determine the relationship between countries’ business cycles and recent crisis it is necessary to review relevant literature. Some studies try to find the origin of recent crisis like Cooper (2008) that explain why the global economy, and the US economy in particular, finds itself caught in a seemi ...
Economics in Person – Understanding the Slow Recovery  00:00:10
Economics in Person – Understanding the Slow Recovery 00:00:10

... that strikes you in that picture is, well, we can identify global events very easily. Obviously as you move your eyes to the right hand side of that graph you will see the big spike that came about in 2008 with the recent financial crisis. And if you move your eyes back to the beginning of the axis ...
Global Citizen – Challenges and Responsibility
Global Citizen – Challenges and Responsibility

... The world must have looked small to the great economist John Maynard Keynes. Before the outbreak of the First World War, in the famous essay The Economic Consequences of the Peace (1919), he writes: “The inhabitant of London could order by telephone, sipping his morning tea in bed, the various produ ...
Monetary Policy Council Medium-Term Strategy of Monetary Policy
Monetary Policy Council Medium-Term Strategy of Monetary Policy

... international financial markets and macro-economic policies. At the same time, economic decisions of market participants are subject to an extended time horizon. Given these conditions, the Monetary Policy Council has felt mandated to develop the Strategy presenting the Council intentions with regar ...
Ghana - ODI Global Financial Crisis Discussion Papers 5
Ghana - ODI Global Financial Crisis Discussion Papers 5

... markets, banking sectors and foreign direct investment (FDI). The real sector impact could be propagated through effects on remittances, trade and aid. Although a number of studies have begun to emerge on the impact (or possible impact) of the crisis on the global economy and the economies of advanc ...
Ghana - United Nations Global Pulse
Ghana - United Nations Global Pulse

... and rising prices for primary commodities. In fact, the economy could have performed even better in the past two years but the effect of the huge hikes in crude oil prices and the energy shocks experienced meant that growth increased very marginally, by 0.1 percentage points, from 2006 to 2007. The ...
White Box : Potential Output of the Malaysian Economy
White Box : Potential Output of the Malaysian Economy

... significance, Malaysia experienced three episodes of large negative output gaps, namely during the Asian Financial Crisis (AFC), the bursting of the tech bubble in 2001-2002 and the recent financial crisis in the advanced economies (Chart 2). During these periods, unemployment was higher (Chart 3) and ...
Safety During Uncertainty: From Virtuous to Vicious Cycle?
Safety During Uncertainty: From Virtuous to Vicious Cycle?

... if the hammer was the cause of the headache, more hammer is not the cure ...
The structural form of the model can then be conveniently
The structural form of the model can then be conveniently

... As an alternative to the recursive identification scheme, one could introduce non-recursive restrictions on the contemporaneous interactions among variables for identification. For an open economy application related to the discussion on the exchange rate, Kim and Roubini (2000) adopt identification ...
Reflections on Monetary and Fiscal Policies and Economic
Reflections on Monetary and Fiscal Policies and Economic

... arise from the operations of the budget rather than from any upsurge in credit to the private sector. Monetary policy cannot really correct this situation. It can at best bring home more effectively the consequences of important public finance. Whether it does so through rocketing interest rates or ...
IndustryAnalysis.Yip.Word
IndustryAnalysis.Yip.Word

... There are two types of global customers: national and multinational. A national global customer searches the world for suppliers but uses the purchased product or service in one country. National defense agencies are a good example. A multinational global customer also searches the world for supplie ...
Critically evaluate the International Monetary
Critically evaluate the International Monetary

... economies are all net importers and also hold the greatest sway over IMF decision-making, in whose interests are the IMF’s Board members acting if not in the interests of their own states? IMF audits have shown the prevalence of ex-Board members obtaining employment within the corporate sector, ther ...
The US deficit from the inside and the outside
The US deficit from the inside and the outside

... to supply energy and raw materials to China, India and Japan ...
Globalisation and monetary policy - from virtue to vice?
Globalisation and monetary policy - from virtue to vice?

... rates could be more problematic than would otherwise be the case. There was some empirical evidence pointing to this end for a number of advanced economies including the euro area13, as well as to suggest that global factors had become increasingly important in the determination of national real bon ...
What Brexit and austerity tell us about economics policy and the media
What Brexit and austerity tell us about economics policy and the media

... the interaction of monetary and fiscal policy. And then in 2010 it all changed, and what we call austerity began. I think for many the turning point was the Eurozone (EZ) crisis, where the markets stopped buying periphery Eurozone government debt. The assumption was this contagion of market panic th ...
chapter 1
chapter 1

... and using of money by individuals, firms, governments and foreign entities. At the macro level, finance is concerned with how money is created and channeled from lenders to borrowers 3. The financial system is intimately related to the production and sale of goods and services within the economic sy ...
Stagflation - Annenberg Learner
Stagflation - Annenberg Learner

... problem too exclusively from the demand side. If we look back at our aggregate supply and demand curves again, we can see this problem very clearly. Suppose we are not down here, but way up here, as we clearly were in the early and mid-1970s. Prices are high, but GNP is pretty far to the left. That ...
Chapter 1
Chapter 1

... United States, perform routine calculations, and save their work so that it can be inspected by a U.S. accountant, who then bills clients. As the best-selling author Thomas Friedman has argued, the world is becoming flat.3 People living in developed nations no longer have the playing field tilted in ...
Investing in emerging markets: Evaluating the allure of
Investing in emerging markets: Evaluating the allure of

... and Mike Staunton of the London Business School. We have updated the data in that study through year-end 2009. 4 The British pound also lost its status as the leading international reserve currency to the U.S. dollar over this time frame. ...
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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.
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