CHAPTER 1
... associations, credit unions, and mutual savings banks) are the most important financial intermediaries because of the role they play in the money creation process. Other intermediaries (e.g., insurance companies, finance companies, ...
... associations, credit unions, and mutual savings banks) are the most important financial intermediaries because of the role they play in the money creation process. Other intermediaries (e.g., insurance companies, finance companies, ...
business cycle
... Because a recession influences the economy broadly and is not confined to one sector, the committee emphasizes economy-wide measures of economic activity. The committee views real GDP as the single best measure of aggregate economic activity. In determining whether a recession has occurred and in ...
... Because a recession influences the economy broadly and is not confined to one sector, the committee emphasizes economy-wide measures of economic activity. The committee views real GDP as the single best measure of aggregate economic activity. In determining whether a recession has occurred and in ...
First Quarter Macro Insights
... The major macroeconomic themes we identified at the start of the year continued to play out during the first quarter, and we offer our latest insights in this update. We have seen further evidence that developed market (DM) consumers are becoming a global growth engine. The starkest example recently ...
... The major macroeconomic themes we identified at the start of the year continued to play out during the first quarter, and we offer our latest insights in this update. We have seen further evidence that developed market (DM) consumers are becoming a global growth engine. The starkest example recently ...
International Economic Relations and Information Communication
... that were an obstacle to the flow of the goods, services, capitals, knowledge and at a lower degree of people through borders”[22]. Samuel P. Huntington claims that “State governments have lost their ability in a major level to control cash flow in and out of their country, therefore difficulties gr ...
... that were an obstacle to the flow of the goods, services, capitals, knowledge and at a lower degree of people through borders”[22]. Samuel P. Huntington claims that “State governments have lost their ability in a major level to control cash flow in and out of their country, therefore difficulties gr ...
Open economy
... © 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien—1st ed. ...
... © 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien—1st ed. ...
Chapter 10
... care workers. Most Africans cannot obtain medical care. • Every day, thousands die from treatable or preventable ailments such as malaria and AIDS. • MNEs play a growing role to address such challenges. • Private firms such as GlaxoSmithKline and General Electric use innovative business approaches t ...
... care workers. Most Africans cannot obtain medical care. • Every day, thousands die from treatable or preventable ailments such as malaria and AIDS. • MNEs play a growing role to address such challenges. • Private firms such as GlaxoSmithKline and General Electric use innovative business approaches t ...
Lecture 1 - Har Wai Mun
... society. The Keynesian economic schools of thought that questioned the efficiency of invisible hand and emphasize the need of active role of the government in the economy fall into this mixed ...
... society. The Keynesian economic schools of thought that questioned the efficiency of invisible hand and emphasize the need of active role of the government in the economy fall into this mixed ...
Post-Keynesian Institutionalism after the Great Recession
... dominated by the work of institutionalists—on business cycles. A few months later, Krugman (2009b) wrote an article for The New York Times that explained why economists failed to anticipate the global financial crisis. He argued that economists studying the financial sector believed its markets were ...
... dominated by the work of institutionalists—on business cycles. A few months later, Krugman (2009b) wrote an article for The New York Times that explained why economists failed to anticipate the global financial crisis. He argued that economists studying the financial sector believed its markets were ...
Foreign Exchange Outlook - Global Banking and Markets
... Growth and monetary policy divergence risks within the advanced economies are re-emerging as key themes that will shape the trends in the major currencies over the remainder of 2016. After a somewhat disappointing first half of the year, US economic activity appears to be strengthening again, suppor ...
... Growth and monetary policy divergence risks within the advanced economies are re-emerging as key themes that will shape the trends in the major currencies over the remainder of 2016. After a somewhat disappointing first half of the year, US economic activity appears to be strengthening again, suppor ...
Slide 1
... • If supply stays the same but demand decreases, what will happen to price? To the amount supplied? • If the demand remains the same but supply increases, what will happen to price? To the amount supplied? • If the main industry in your town goes out of business, what effect will this have on the pr ...
... • If supply stays the same but demand decreases, what will happen to price? To the amount supplied? • If the demand remains the same but supply increases, what will happen to price? To the amount supplied? • If the main industry in your town goes out of business, what effect will this have on the pr ...
Global Imbalances and the Key Currency Regime: The Case for a
... economy through weakened export growth and unemployment. US financiers have been protected by the reserve currency status of the dollar. As world international banker, growing deficits in the US (current account, government and household debt) financed by surpluses in the periphery, allowed US finan ...
... economy through weakened export growth and unemployment. US financiers have been protected by the reserve currency status of the dollar. As world international banker, growing deficits in the US (current account, government and household debt) financed by surpluses in the periphery, allowed US finan ...
PDF Download
... The depreciation of the US dollar during the first half of 2008 improved the external trade situation in the United States (see Figure 1.5). Export growth surged at 12.3 percent in the second quarter and exports managed to keep on growing in the second half of the year – albeit at a slower pace. On ...
... The depreciation of the US dollar during the first half of 2008 improved the external trade situation in the United States (see Figure 1.5). Export growth surged at 12.3 percent in the second quarter and exports managed to keep on growing in the second half of the year – albeit at a slower pace. On ...
Session-III(B) - U of L Class Index
... Did not have presence outside US, so they had to fight every market share battle in US. Reduced prices at home affected 100% of their sales volume but for Matsushita it was only a fraction. ...
... Did not have presence outside US, so they had to fight every market share battle in US. Reduced prices at home affected 100% of their sales volume but for Matsushita it was only a fraction. ...
PDF Download
... Joneses’ effect lends support to the implicit rivalry-hoarding motives; and commodity-price volatility induces IR hoarding against uncertainty while fuel exporters store their proceeds partly in the form of foreign reserves. During the 2007–2009 GFC period, many of the variables that are significant ...
... Joneses’ effect lends support to the implicit rivalry-hoarding motives; and commodity-price volatility induces IR hoarding against uncertainty while fuel exporters store their proceeds partly in the form of foreign reserves. During the 2007–2009 GFC period, many of the variables that are significant ...
Fix What Broke: Building an Orderly and Ethical International Monetary System Judy Shelton
... Today’s situation might be less worrisome if we had any reason to believe that the fundamental problem of calibrating the global money supply to the needs of the global economy had been resolved. But we don’t. Instead of establishing a sound money foundation that would permit free-market mechanisms ...
... Today’s situation might be less worrisome if we had any reason to believe that the fundamental problem of calibrating the global money supply to the needs of the global economy had been resolved. But we don’t. Instead of establishing a sound money foundation that would permit free-market mechanisms ...
PowerPoint 演示文稿
... • With a better understanding of why economy grows and why recessions occur, better policy making is possible. • A stably growing economy leads not only to a better living for millions of people, but also to a better society. • Paul Samuelson: “It is not too much to say that the widespread creation ...
... • With a better understanding of why economy grows and why recessions occur, better policy making is possible. • A stably growing economy leads not only to a better living for millions of people, but also to a better society. • Paul Samuelson: “It is not too much to say that the widespread creation ...
Commentary: Global Liquidity: Public and Private
... What aspect to focus on, again, depends on the question. For example, it is true that foreign currency and cross-border credit tends to outpace domestic credit during unsustainable credit booms (e.g., Borio et al. 2011; Avdjev et al. 2012; and Lane 2013). But its relevance should be seen within the ...
... What aspect to focus on, again, depends on the question. For example, it is true that foreign currency and cross-border credit tends to outpace domestic credit during unsustainable credit booms (e.g., Borio et al. 2011; Avdjev et al. 2012; and Lane 2013). But its relevance should be seen within the ...
Department of Land Economy
... In figure 6, consider income Y1, which gives permanent consumption C1P. If income is Y2, then we have consumption at C1T, so that Y2’Y2 is then transitory income. What permanent consumption would then be depends crucially whether the transitory component Y2’Y2 is treated as permanent or not. If it i ...
... In figure 6, consider income Y1, which gives permanent consumption C1P. If income is Y2, then we have consumption at C1T, so that Y2’Y2 is then transitory income. What permanent consumption would then be depends crucially whether the transitory component Y2’Y2 is treated as permanent or not. If it i ...
15.1 The Evolution of Fiscal Policy
... What is your normal capacity for academic work, and when do you usually exceed that effort? If the economy is already operating at full employment, how can it produce more? Can fiscal policy reduce swings in the business cycle? Why has the federal budget been in deficit most years? How is ...
... What is your normal capacity for academic work, and when do you usually exceed that effort? If the economy is already operating at full employment, how can it produce more? Can fiscal policy reduce swings in the business cycle? Why has the federal budget been in deficit most years? How is ...
What Is Global History? - Introduction
... In similar ways, historians have chosen to trace a particular idea or historical formation through the ages and across the planet. Particularly convincing examples of this kind are studies on the global history of empire that chart imperial formations and their strategies of population management fr ...
... In similar ways, historians have chosen to trace a particular idea or historical formation through the ages and across the planet. Particularly convincing examples of this kind are studies on the global history of empire that chart imperial formations and their strategies of population management fr ...
Business cycle investing
... What’s different this time? As we mentioned earlier in this white paper, business cycle indicators do not always follow the same pattern of performance. For example, there are a ...
... What’s different this time? As we mentioned earlier in this white paper, business cycle indicators do not always follow the same pattern of performance. For example, there are a ...
How External Factors Affect Domestic Economy
... The identification assumption ensures no spillover from the domestic economy to the external block while, the external block does affect the domestic economy. We estimate the model with the standard OLS estimates by imposing block erogeneity condition. We use a multi-step forecasting error approach ...
... The identification assumption ensures no spillover from the domestic economy to the external block while, the external block does affect the domestic economy. We estimate the model with the standard OLS estimates by imposing block erogeneity condition. We use a multi-step forecasting error approach ...
The theory of global imbalances: mainstream economics vs
... economy” with faster productivity growth driven by computer technology that augured higher future income. However, it fell out of fashion in the 2000s with the bursting of the “new economy” bubble, which was followed by continuing large US trade deficits combined with aggregate demand shortage that ...
... economy” with faster productivity growth driven by computer technology that augured higher future income. However, it fell out of fashion in the 2000s with the bursting of the “new economy” bubble, which was followed by continuing large US trade deficits combined with aggregate demand shortage that ...
Working Paper - Hans-Böckler
... economy” with faster productivity growth driven by computer technology that augured higher future income. However, it fell out of fashion in the 2000s with the bursting of the “new economy” bubble, which was followed by continuing large US trade deficits combined with aggregate demand shortage that ...
... economy” with faster productivity growth driven by computer technology that augured higher future income. However, it fell out of fashion in the 2000s with the bursting of the “new economy” bubble, which was followed by continuing large US trade deficits combined with aggregate demand shortage that ...
in English - Duke CFO survey
... Business spending during the next twelve months is expected to pick up momentum again with more than half of the European CFOs anticipating increases in R&D spending (at an average growth rate of 6%), technology spending (5.8%), and marketing & advertising (5.0%). Six out of ten financial directors ...
... Business spending during the next twelve months is expected to pick up momentum again with more than half of the European CFOs anticipating increases in R&D spending (at an average growth rate of 6%), technology spending (5.8%), and marketing & advertising (5.0%). Six out of ten financial directors ...
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.