Department of Land Economy
... 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 ...
Facts and Challenges from the Great Recession for Forecasting and
... and macroeconomists to question the adequacy of their analysis. In conventional business cycle analysis, emphasis is placed on the fluctuations of macroeconomic variables alone. Asset prices, financial variables and the financial system are a sideshow. Yet, as noted by Minsky (1986) and Sinai (1992) ...
... and macroeconomists to question the adequacy of their analysis. In conventional business cycle analysis, emphasis is placed on the fluctuations of macroeconomic variables alone. Asset prices, financial variables and the financial system are a sideshow. Yet, as noted by Minsky (1986) and Sinai (1992) ...
View PDF - The Earth Institute
... The importance of the time-horizon of the government for budget policy has recently been stressed in an important paper by Alesina and Tabellini (1987). They emphasize that when political power alternates randomly between competing political parties, each government will be tempted to leave a legacy ...
... The importance of the time-horizon of the government for budget policy has recently been stressed in an important paper by Alesina and Tabellini (1987). They emphasize that when political power alternates randomly between competing political parties, each government will be tempted to leave a legacy ...
The world in 2050
... Bank of England where she provided supporting analysis for the Monetary Policy Committee. She has an MSc Economics from ...
... Bank of England where she provided supporting analysis for the Monetary Policy Committee. She has an MSc Economics from ...
Visegrád countries: Could they be the pioneers of the change of the
... regarded the re-launching and accelerating of structural reforms as the potential way-out. The question arises whether the changes of the institutional arrangement during the crisis promoted the convergence potential of the Visegrád countries. 2. Impact of the 2008 global crisis in the Central and E ...
... regarded the re-launching and accelerating of structural reforms as the potential way-out. The question arises whether the changes of the institutional arrangement during the crisis promoted the convergence potential of the Visegrád countries. 2. Impact of the 2008 global crisis in the Central and E ...
-1- Benjamin J. Cohen
... different national policies. With respect to monetary or exchange-rate issues, most research in this vein may be said to trace its lineage back to a seminal article by Jeffry Frieden dating from 1991 (Frieden 1991), which focused on how growing levels of financial integration might be expected to in ...
... different national policies. With respect to monetary or exchange-rate issues, most research in this vein may be said to trace its lineage back to a seminal article by Jeffry Frieden dating from 1991 (Frieden 1991), which focused on how growing levels of financial integration might be expected to in ...
Going South: capitalist crisis, systemic crisis, civilisational
... fragile and requested an extension of the Temporary Asset Relief Programme (TARP) of $350 billion into 2010 after it was due by law to expire. The European Central Bank announced that it would be premature to predict a sustainable recovery in Europe, but indicated it would slowly retract some of the ...
... fragile and requested an extension of the Temporary Asset Relief Programme (TARP) of $350 billion into 2010 after it was due by law to expire. The European Central Bank announced that it would be premature to predict a sustainable recovery in Europe, but indicated it would slowly retract some of the ...
paper - Institute for New Economic Thinking
... certain" social" democratic" regimes," which" had" held" power," as" was" the" case" on" the" European" continent,"and"whose"policy"makers"were"committed"to"full"employment." The" object" of" the" present" paper" is" to" explore" both" theoretically" and" empirically" the" properties"of"these"stabil ...
... certain" social" democratic" regimes," which" had" held" power," as" was" the" case" on" the" European" continent,"and"whose"policy"makers"were"committed"to"full"employment." The" object" of" the" present" paper" is" to" explore" both" theoretically" and" empirically" the" properties"of"these"stabil ...
The Limits of Minsky’s Financial Instability Hypothesis as an
... instability hypothesis are critical to understanding the neoliberal era, but they are part of a broader narrative. The neoliberal model was always unsustainable and would have ground to a halt of its own accord. The role of Minsky’s financial instability hypothesis is to explain why the neoliberal m ...
... instability hypothesis are critical to understanding the neoliberal era, but they are part of a broader narrative. The neoliberal model was always unsustainable and would have ground to a halt of its own accord. The role of Minsky’s financial instability hypothesis is to explain why the neoliberal m ...
Global Marketing Strategies and Implications for US Based Firms
... that the product or service they provided was of global quality nor demand. Because it was found most business leaders had never researched the possibility of globalization, these theories were simply the personal opinions of the executives. Research shows that the world is becoming more global and ...
... that the product or service they provided was of global quality nor demand. Because it was found most business leaders had never researched the possibility of globalization, these theories were simply the personal opinions of the executives. Research shows that the world is becoming more global and ...
F585 Global Economy June 2010
... from recession. You should be aware that examination papers (and stimulus material) are drafted some time in advance of the examination, (although this one was drafted not 18 months ahead of the examination as is customary but, instead, it appears to have been drafted at the tail end of 2009). At th ...
... from recession. You should be aware that examination papers (and stimulus material) are drafted some time in advance of the examination, (although this one was drafted not 18 months ahead of the examination as is customary but, instead, it appears to have been drafted at the tail end of 2009). At th ...
Economic and Strategy Viewpoint Schroders Keith Wade
... Exchange rates and commodity prices skew global growth We can break down the impulse to activity from these different channels. For example, the rise in the USD will weigh on growth in the US and dollar-linked economies such as China. The counterpart is the positive effect of a weaker euro and yen o ...
... Exchange rates and commodity prices skew global growth We can break down the impulse to activity from these different channels. For example, the rise in the USD will weigh on growth in the US and dollar-linked economies such as China. The counterpart is the positive effect of a weaker euro and yen o ...
Antonio J. ALVES, Jr. - Instituto de Economia
... financial budget deficits – and the attempt to maintain a fixed exchange rate, once the government is assumed to use a limited stock of reserves to peg its exchange rate. As this policy reveals to be unsustainable, the attempt of investors to anticipate the inevitable collapse would generate a specu ...
... financial budget deficits – and the attempt to maintain a fixed exchange rate, once the government is assumed to use a limited stock of reserves to peg its exchange rate. As this policy reveals to be unsustainable, the attempt of investors to anticipate the inevitable collapse would generate a specu ...
Currency crises, speculative attacks and financial
... However, the bubble of prices caused a deflation of assets and a deterioration in banking credits. Once a bank crisis has just been burst, the running against domestic currency was the natural consequence of the financial panic. ...
... However, the bubble of prices caused a deflation of assets and a deterioration in banking credits. Once a bank crisis has just been burst, the running against domestic currency was the natural consequence of the financial panic. ...
FRBSF E L CONOMIC ETTER
... world’s markets. As I just mentioned, imports still amount to a fairly small fraction of U.S. GDP. In addition, many U.S. goods are not traded, and despite stories about U.S. firms hiring programmers in Bangalore and typesetters in Beijing, they still have to “buy American” when it comes to a host o ...
... world’s markets. As I just mentioned, imports still amount to a fairly small fraction of U.S. GDP. In addition, many U.S. goods are not traded, and despite stories about U.S. firms hiring programmers in Bangalore and typesetters in Beijing, they still have to “buy American” when it comes to a host o ...
2nd Quarter 2015
... policy; India is strengthening amid investor optimism; and Brazil and Russia continue to face serious challenges. In this edition of Deloitte’s Global Economic Outlook, our global team of economists examines the economic situation and outlook in the world’s leading markets. We begin with Alexander B ...
... policy; India is strengthening amid investor optimism; and Brazil and Russia continue to face serious challenges. In this edition of Deloitte’s Global Economic Outlook, our global team of economists examines the economic situation and outlook in the world’s leading markets. We begin with Alexander B ...
A survey of the world economy September 16th 2006
... What is also new is that the internet has made it possible radically to reorganise production across borders. Thanks to information technology, many once nontradable services, such as accounting, can be provided from afar, exposing more sectors in the developed world to competition from India and el ...
... What is also new is that the internet has made it possible radically to reorganise production across borders. Thanks to information technology, many once nontradable services, such as accounting, can be provided from afar, exposing more sectors in the developed world to competition from India and el ...
The Science of Macroeconomics
... a central role in national political debates.Voters are aware of how the economy is doing, and they know that government policy can affect the economy in powerful ways. As a result, the popularity of an incumbent president often rises when the economy is doing well and falls when it is doing poorly ...
... a central role in national political debates.Voters are aware of how the economy is doing, and they know that government policy can affect the economy in powerful ways. As a result, the popularity of an incumbent president often rises when the economy is doing well and falls when it is doing poorly ...
1. Global Depth and the Big Shift
... Industry Level Shift of Production and Consumption to Emerging Economies ...
... Industry Level Shift of Production and Consumption to Emerging Economies ...
Emerging Asia and global inflation Chris Hunt
... inflation than cheaper goods from China per se. Note, however, that the sensitivity of import prices (measured in domestic currency) to movements in the exchange rate appears to have declined in many countries over the past two decades. In terms of CPI inflation, the effect of import price changes w ...
... inflation than cheaper goods from China per se. Note, however, that the sensitivity of import prices (measured in domestic currency) to movements in the exchange rate appears to have declined in many countries over the past two decades. In terms of CPI inflation, the effect of import price changes w ...
High-level Regional Policy Dialogue on
... growth and a greater share of the global economy. Nearly half of growth today is created by the developing countries. ...
... growth and a greater share of the global economy. Nearly half of growth today is created by the developing countries. ...
Models of Economic and Financial Crises
... rates, gross international reserves and short-term interest rate differentials (e.g. local versus US rates when dealing with crises in the Philippines). Explanatory variables typically would be variables in the real sector of the economy, financial variables, external sector and fiscal variables. Th ...
... rates, gross international reserves and short-term interest rate differentials (e.g. local versus US rates when dealing with crises in the Philippines). Explanatory variables typically would be variables in the real sector of the economy, financial variables, external sector and fiscal variables. Th ...
Guillermo Calvo LOOKING AT FINANCIAL CRISES IN THE EYE Some Basic Observations
... I will extend the model to the case in which there is an outstanding stock of debt and two types of goods. This allows addressing the debt-overhang issue that arises during financial crises. I will assume that prior to crisis there are static (atemporal) and intertemporal capital market transactions ...
... I will extend the model to the case in which there is an outstanding stock of debt and two types of goods. This allows addressing the debt-overhang issue that arises during financial crises. I will assume that prior to crisis there are static (atemporal) and intertemporal capital market transactions ...
Power Point ( 5.3M ) - St. Louis Fed
... NOTE: Inventory investment expressed as contribution to real GDP growth. November 6, 2008 ...
... NOTE: Inventory investment expressed as contribution to real GDP growth. November 6, 2008 ...
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.