US recessions: what can be learned from the past?
... In the current period of heightened uncertainty, it is difficult to predict how deep and prolonged the current recession in the United States is likely to be. Reviewing the stylised facts pertaining to past recession episodes can, however, give some indication as to the average strength and duration ...
... In the current period of heightened uncertainty, it is difficult to predict how deep and prolonged the current recession in the United States is likely to be. Reviewing the stylised facts pertaining to past recession episodes can, however, give some indication as to the average strength and duration ...
Chapter Thirty One
... Chapter Thirty One Deficit Reduction, Fed Behavior, Stabilization, Stock Market Effects, and Macro Issues Abroad ...
... Chapter Thirty One Deficit Reduction, Fed Behavior, Stabilization, Stock Market Effects, and Macro Issues Abroad ...
Impact of the financial crisis on decentralisation processes
... Policy making should match the nature of the crisis (Revenga 2009), implying the need for grounded research on the impacts of the crisis in a country’s central and local governments (Willem te Velde 2008). It is further important to ensure that policy making is pro-poor to avoid elite capture (WHO 2 ...
... Policy making should match the nature of the crisis (Revenga 2009), implying the need for grounded research on the impacts of the crisis in a country’s central and local governments (Willem te Velde 2008). It is further important to ensure that policy making is pro-poor to avoid elite capture (WHO 2 ...
Population, Resources, and Energy in the Global
... limits to economic scale. Clearly, this issue has now moved beyond a theoretical consideration for the future, and is a pressing immediate concern. The broader ecosystem changes and their impact on human well-being can be difficult to quantify, but we can see a well-defined example of the phenomenon ...
... limits to economic scale. Clearly, this issue has now moved beyond a theoretical consideration for the future, and is a pressing immediate concern. The broader ecosystem changes and their impact on human well-being can be difficult to quantify, but we can see a well-defined example of the phenomenon ...
complex new world
... up anyway. So a policy designed to be counter-cyclical, sometimes turned out to be pro-cyclical. Economists for the most part look back now on these attempts to finetune the economy through changes to public spending and taxes with something close to derision, but is the current policy regime any be ...
... up anyway. So a policy designed to be counter-cyclical, sometimes turned out to be pro-cyclical. Economists for the most part look back now on these attempts to finetune the economy through changes to public spending and taxes with something close to derision, but is the current policy regime any be ...
Activity - Foundation for Teaching Economics
... adoption and use of new discoveries are difficult to delineate clearly. But the links needed to confirm this effect seem very obvious and strong. For example, the data show clearly that the bigger the population of a country, the greater the number of scientists and the larger the amount of scientif ...
... adoption and use of new discoveries are difficult to delineate clearly. But the links needed to confirm this effect seem very obvious and strong. For example, the data show clearly that the bigger the population of a country, the greater the number of scientists and the larger the amount of scientif ...
Chapter 1 Economic Principles and Cycles
... Early economic growth was stimulated by what the land could support ...
... Early economic growth was stimulated by what the land could support ...
EUSI - Hitotsubashi University
... • The Japanese yen has been overvalued in terms of the AMU since October 2008. • The Chinese yuan has been depreciating against the AMU since March 2009. • The Korean won changed from 20% of overvaluation in October 2007 to 30% of undervaluation in March 2009. It depreciated by 50% points in terms o ...
... • The Japanese yen has been overvalued in terms of the AMU since October 2008. • The Chinese yuan has been depreciating against the AMU since March 2009. • The Korean won changed from 20% of overvaluation in October 2007 to 30% of undervaluation in March 2009. It depreciated by 50% points in terms o ...
What Is a Recession?
... turn leads to a decrease in economic activity. Not all such credit booms end up in recessions, but when they do, these recessions are often more costly than others. Recessions can be the result of a decline in external demand, especially in countries with strong export sectors. Adverse effects of re ...
... turn leads to a decrease in economic activity. Not all such credit booms end up in recessions, but when they do, these recessions are often more costly than others. Recessions can be the result of a decline in external demand, especially in countries with strong export sectors. Adverse effects of re ...
NBER WORKING PAPER SERIES Stephen G. Cecchetti
... end of 2001, asset-backed securities accounted for 40% of what had previously been credit held on the balance sheets of financial intermediaries.4 This shift from bank to marketable debt is important for two reasons. It makes financing more flexible in response to external shocks, and it makes banks ...
... end of 2001, asset-backed securities accounted for 40% of what had previously been credit held on the balance sheets of financial intermediaries.4 This shift from bank to marketable debt is important for two reasons. It makes financing more flexible in response to external shocks, and it makes banks ...
AP ECONOMICS - Steinbrenner High School
... Chapter 6: The author discusses the symptoms of being poor and the illness of being poor. In your own words, explain what the author means. Evaluate the author’s notion that Bill Gates should be that much richer than most of us. Chapter 7: Describe the relationship between the efficient market theor ...
... Chapter 6: The author discusses the symptoms of being poor and the illness of being poor. In your own words, explain what the author means. Evaluate the author’s notion that Bill Gates should be that much richer than most of us. Chapter 7: Describe the relationship between the efficient market theor ...
Portfolio Strategies Desk Market Outlook
... expressed are those of IMG only and are subject to change. This information should not be construed as investment advice. It is presented for information purposes only and is not intended to be either a specific offer by any Merrill Lynch entity to sell or provide, or a specific invitation for a con ...
... expressed are those of IMG only and are subject to change. This information should not be construed as investment advice. It is presented for information purposes only and is not intended to be either a specific offer by any Merrill Lynch entity to sell or provide, or a specific invitation for a con ...
Economic Highlights Presentation - PowerPoint Format
... capacity for innovation (3rd), which rests on innovative businesses that benefit from the presence of some of the world’s best research institutions (3rd), support by the government through public procurement policies (9th), and a favorable financial environment for start-ups (availability of ventur ...
... capacity for innovation (3rd), which rests on innovative businesses that benefit from the presence of some of the world’s best research institutions (3rd), support by the government through public procurement policies (9th), and a favorable financial environment for start-ups (availability of ventur ...
Milton Friedman’s Intellectual Legacy – a View from his 103 Birthday* by
... period. His first big and visible academic splash as an anything but mainstream political economist was made by his 1953 Essays in Positive Economics, particularly its introductory essay – though this is also where he made his “Case for Flexible Exchange Rates”. His simple message - here I follow Th ...
... period. His first big and visible academic splash as an anything but mainstream political economist was made by his 1953 Essays in Positive Economics, particularly its introductory essay – though this is also where he made his “Case for Flexible Exchange Rates”. His simple message - here I follow Th ...
Indonesia: Global Spillover and Policy Response
... commodity prices pushed down the Indonesia growth to moderate at average of 5.2% in 2013-2015 (Table 1). These favorable growth performances have been mostly driven by domestic consumption and investment. Export showed strong performance in 2010 and 2011, with growth of 15.3% and 13.6%, respectivel ...
... commodity prices pushed down the Indonesia growth to moderate at average of 5.2% in 2013-2015 (Table 1). These favorable growth performances have been mostly driven by domestic consumption and investment. Export showed strong performance in 2010 and 2011, with growth of 15.3% and 13.6%, respectivel ...
Effects of the U.S. Quantitative Easing over a Small Open Economy
... Research Conference in Bogota, Colombia. The views expressed are those of the authors and do not necessarily reflect those of the Central Bank of Peru. All remaining errors are ours. César Carrera is a researcher in the Macroeconomic Modelling Department, Email: [email protected]; Fernando ...
... Research Conference in Bogota, Colombia. The views expressed are those of the authors and do not necessarily reflect those of the Central Bank of Peru. All remaining errors are ours. César Carrera is a researcher in the Macroeconomic Modelling Department, Email: [email protected]; Fernando ...
English: Powerpoint - Entrepreneurship 2011
... Individuals and communities are still recovering from the aftermath of the global economic downturn. ...
... Individuals and communities are still recovering from the aftermath of the global economic downturn. ...
Financial and Economic Crisis in Eastern Europe Abstract Rainer Kattel
... While hailed in 2000s as the rising global powerhouse (see Business Weekʼs cover story in December, 2005) now the entire EE region is seen to be in the eye of the ongoing global crisis. From Roubini and Krugman to various ratings agencies and international financial institutions, all seem to agree t ...
... While hailed in 2000s as the rising global powerhouse (see Business Weekʼs cover story in December, 2005) now the entire EE region is seen to be in the eye of the ongoing global crisis. From Roubini and Krugman to various ratings agencies and international financial institutions, all seem to agree t ...
appendix to chapter 26
... The Keynesian activist approach rejects classical nonintervention policy to stabilize the economy using discretionary fiscal policy or activist monetary policy. Exhibit A-1 illustrates opposing theories for restoring an economy in recession to full employment. In both parts (a) and (b), the economy ...
... The Keynesian activist approach rejects classical nonintervention policy to stabilize the economy using discretionary fiscal policy or activist monetary policy. Exhibit A-1 illustrates opposing theories for restoring an economy in recession to full employment. In both parts (a) and (b), the economy ...
here
... • Only disappeared with the Celtic Tiger • Reappeard with the bank debt • Difficult to get debt down in the future as rapid growth of Celtic will not be repeated ...
... • Only disappeared with the Celtic Tiger • Reappeard with the bank debt • Difficult to get debt down in the future as rapid growth of Celtic will not be repeated ...
4. Financial crises
... to maintain liquidity instead of financing production This situation creates moral hazard- enterprises will require loans even if they can not pay them back Since banks know that they are forced to negative selection of companies requiring loans Banks raise the risk premium and hence the inter ...
... to maintain liquidity instead of financing production This situation creates moral hazard- enterprises will require loans even if they can not pay them back Since banks know that they are forced to negative selection of companies requiring loans Banks raise the risk premium and hence the inter ...
mismanagement of financial liberalization or innovation
... reliance on short-term funding from money markets The Irish government nationalized a large bank, and guaranteed all deposits in an effort to control the recession ...
... reliance on short-term funding from money markets The Irish government nationalized a large bank, and guaranteed all deposits in an effort to control the recession ...
economics - The Economist Store
... Every week, The Economist wades into these waters with its mix of reportage, analysis and opinion. Making use of the best evidence available and thinking matters through from first principles, its writers take a stand on the issues of the moment. While the impetus for the articles the newspaper publ ...
... Every week, The Economist wades into these waters with its mix of reportage, analysis and opinion. Making use of the best evidence available and thinking matters through from first principles, its writers take a stand on the issues of the moment. While the impetus for the articles the newspaper publ ...
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.