Audio Program Transcript
... budget director, David Stockman: DAVID STOCKMAN: “We must either undertake a thoroughgoing housecleaning of the accumulated baggage in the government’s discretionary sector, or run the risk posed by massive structural budget deficits. That work is uncongenial to the Congress because the programs tha ...
... budget director, David Stockman: DAVID STOCKMAN: “We must either undertake a thoroughgoing housecleaning of the accumulated baggage in the government’s discretionary sector, or run the risk posed by massive structural budget deficits. That work is uncongenial to the Congress because the programs tha ...
The Johns Hopkins University Department of Economics
... macroeconomics. Building on the basic model we will discuss several empirical approaches in order to develop an understanding of how thorough theoretical modeling informs empirical testing of economic hypotheses. We then go on to study current account and exchange rate determination, international r ...
... macroeconomics. Building on the basic model we will discuss several empirical approaches in order to develop an understanding of how thorough theoretical modeling informs empirical testing of economic hypotheses. We then go on to study current account and exchange rate determination, international r ...
On Democratizing Financial Turmoil: A Minskian Analysis of the
... system, where individuals act rationally. In the current subprime crisis these are offered as explanations, too—exuberance on the part of the homeowners who knew they couldn’t afford the mortgages they undertook and bubbles resulting from overpricing real estate property. Following this logic, the ...
... system, where individuals act rationally. In the current subprime crisis these are offered as explanations, too—exuberance on the part of the homeowners who knew they couldn’t afford the mortgages they undertook and bubbles resulting from overpricing real estate property. Following this logic, the ...
Global Financial Crisis and Growth Prospects in Asia
... manufacturing and service sectors in the sense that they potentially shield themselves from the adverse impacts of FDI inflow reversals even though the declines in workers remittances still cut back the domestic demands for agricultural products. My empirical findings shed light on the path towards ...
... manufacturing and service sectors in the sense that they potentially shield themselves from the adverse impacts of FDI inflow reversals even though the declines in workers remittances still cut back the domestic demands for agricultural products. My empirical findings shed light on the path towards ...
IB Comparative Political and Economic Systems
... Although changes in imports and exports do affect aggregate demand and have major macroeconomic significance, articles primarily focused on trade may be better suited for commentary #3. (We will examine imports and exports in much greater depth in the next commentary.) Make sure you select an articl ...
... Although changes in imports and exports do affect aggregate demand and have major macroeconomic significance, articles primarily focused on trade may be better suited for commentary #3. (We will examine imports and exports in much greater depth in the next commentary.) Make sure you select an articl ...
Slide 1
... The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen in 60 countries. Questions: 1. Would you say that you are better off or worse off financially than you were a year ago? 2. Looking ahead, do you think a year from no ...
... The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen in 60 countries. Questions: 1. Would you say that you are better off or worse off financially than you were a year ago? 2. Looking ahead, do you think a year from no ...
Will China and India conquer the world? Essay: We
... The continued rise of the emerging economies, particularly India and China, is never far from the headlines. What impact these economies will have on the twenty-first century is the subject of much debate, with the possibility of a shift in global political power a recurring theme. It is often assum ...
... The continued rise of the emerging economies, particularly India and China, is never far from the headlines. What impact these economies will have on the twenty-first century is the subject of much debate, with the possibility of a shift in global political power a recurring theme. It is often assum ...
Prospects for Employment: Evidence from Prior Recoveries
... an important source of growth – but also that it will likely be more restrained than one might have otherwise expected, because of tighter credit conditions. Figure 2 shows that the past two recoveries did not feature job growth in the first year of the recovery, in sharp contrast to the recoveries ...
... an important source of growth – but also that it will likely be more restrained than one might have otherwise expected, because of tighter credit conditions. Figure 2 shows that the past two recoveries did not feature job growth in the first year of the recovery, in sharp contrast to the recoveries ...
Emergence of a Global Polity
... critical difference between these two points in system time is the rise of a global political system as an emergent property of the modern world system. The driver of this process has been the long cycle of global politics, powered by competition among major political units. At a higher level of org ...
... critical difference between these two points in system time is the rise of a global political system as an emergent property of the modern world system. The driver of this process has been the long cycle of global politics, powered by competition among major political units. At a higher level of org ...
THE ROLE OF MODERN FINANCIAL SYSTEM
... culprits are not only just wicked foreign speculators. Domestic investors can crash the economy equally well, by converting their short-term assets into foreign currency and taking them out of the country. But where does confidence come from? For building the confidence it makes sense to justify ref ...
... culprits are not only just wicked foreign speculators. Domestic investors can crash the economy equally well, by converting their short-term assets into foreign currency and taking them out of the country. But where does confidence come from? For building the confidence it makes sense to justify ref ...
Reshaping the Financial Architecture for Development Finance. The New Development Banks
... capital. In November 2014 at the APEC Summit, President Xi also announced the creation of the new Silk Road Fund to improve connectivity in Asia, for which China will provide US$ 40 billion of capital. China is uniquely positioned amongst large emerging markets to be capable of funding significant d ...
... capital. In November 2014 at the APEC Summit, President Xi also announced the creation of the new Silk Road Fund to improve connectivity in Asia, for which China will provide US$ 40 billion of capital. China is uniquely positioned amongst large emerging markets to be capable of funding significant d ...
Minutes of the Monetary Policy Meeting on November 18 and 19, 2015
... manufacturing -- in emerging economies, including China, and the commodity-exporting economies. Recently, however, exports of IT-related goods, which had been relatively weak thus far, had shown some signs of picking up. Exports were expected to remain more or less flat for the time being, but subse ...
... manufacturing -- in emerging economies, including China, and the commodity-exporting economies. Recently, however, exports of IT-related goods, which had been relatively weak thus far, had shown some signs of picking up. Exports were expected to remain more or less flat for the time being, but subse ...
the international dimension to competition policy
... and policy of its own. Global mergers In recent times there has been a spectacular increase in the extent of international merger activity, in one sector after another – finance, communications, oil, airlines, pharmaceuticals, automotive professional services and so on. For the most part, these merg ...
... and policy of its own. Global mergers In recent times there has been a spectacular increase in the extent of international merger activity, in one sector after another – finance, communications, oil, airlines, pharmaceuticals, automotive professional services and so on. For the most part, these merg ...
Chapter 17 ppoint
... The clean little secret of modern macroeconomics is how much consensus economists have reached over the past 70 years. ...
... The clean little secret of modern macroeconomics is how much consensus economists have reached over the past 70 years. ...
The Political Business Cycle
... The clean little secret of modern macroeconomics is how much consensus economists have reached over the past 70 years. ...
... The clean little secret of modern macroeconomics is how much consensus economists have reached over the past 70 years. ...
FRBSF E L CONOMIC ETTER
... prices and wages that are relatively inflexible, or “sticky.” One set of papers focused on determining the characteristics that a model economy would require to plausibly reproduce the observed behavior of key macroeconomic variables such as output and inflation, especially in response to a monetary ...
... prices and wages that are relatively inflexible, or “sticky.” One set of papers focused on determining the characteristics that a model economy would require to plausibly reproduce the observed behavior of key macroeconomic variables such as output and inflation, especially in response to a monetary ...
Discussion of “A Global Village without borders
... Suppose there is a country specific component to TFP. - If it is idiosyncratic white noise, aggregating will wash it out. - If ~ random walk and independent across the economies, aggregating fine. - If ~ ARMA(p,q) and correlated across economies, aggregating implies mismeasurement of aggregate TFP. ...
... Suppose there is a country specific component to TFP. - If it is idiosyncratic white noise, aggregating will wash it out. - If ~ random walk and independent across the economies, aggregating fine. - If ~ ARMA(p,q) and correlated across economies, aggregating implies mismeasurement of aggregate TFP. ...
Central Bank of Nigeria Communiqué` No. 102 of the Monetary
... On the external front, the adverse effect of the protracted decline in global crude oil prices on the fiscal position of government is becoming increasingly obvious. The expected policy normalization in the US could accentuate capital flow reversals from emerging and developing ...
... On the external front, the adverse effect of the protracted decline in global crude oil prices on the fiscal position of government is becoming increasingly obvious. The expected policy normalization in the US could accentuate capital flow reversals from emerging and developing ...
Topics in Open Economy Macroeconomics
... The purpose of this class is to introduce you into some basics of the Open Economy Macroeconomics (also called International Finance). In order to do so, we are going to review some of the main contributions to the field. Then, we are also going to focus on more novel contributions. The aim of the c ...
... The purpose of this class is to introduce you into some basics of the Open Economy Macroeconomics (also called International Finance). In order to do so, we are going to review some of the main contributions to the field. Then, we are also going to focus on more novel contributions. The aim of the c ...
macroeconomic management in zimbabwe
... NCpvt = banking sector net credit to the private sector; NCpes = banking sector net credit to non-bank public enterprises; (FA – FL) = net foreign assets, given by foreign assets (FA), less foreign liabilities (FL). From (6), it is clear that for any central bank to achieve its broad money supply ta ...
... NCpvt = banking sector net credit to the private sector; NCpes = banking sector net credit to non-bank public enterprises; (FA – FL) = net foreign assets, given by foreign assets (FA), less foreign liabilities (FL). From (6), it is clear that for any central bank to achieve its broad money supply ta ...
This PDF is a selection from a published volume from... Research Volume Title: Asset Prices and Monetary Policy
... John Y. Campbell is Harvard College Professor and Morton L. and Carole S. Olshan Professor of Economics at Harvard University, and a research associate of the National Bureau of Economic Research. 1. “Nice” stands for noninflationary consistently expansionary, an acronym due to Governor Mervyn King ...
... John Y. Campbell is Harvard College Professor and Morton L. and Carole S. Olshan Professor of Economics at Harvard University, and a research associate of the National Bureau of Economic Research. 1. “Nice” stands for noninflationary consistently expansionary, an acronym due to Governor Mervyn King ...
Short Selling the Real Estate Bubble in China
... payment of mortgage loan to the borrower who buys the second house, from 30% to 50%. The mortgage loan rate is enhanced by 10% for the purchase of the second house. The required reserve ratio of commercial banks was enhanced for three times within this half year (on January 18, February 25, and May ...
... payment of mortgage loan to the borrower who buys the second house, from 30% to 50%. The mortgage loan rate is enhanced by 10% for the purchase of the second house. The required reserve ratio of commercial banks was enhanced for three times within this half year (on January 18, February 25, and May ...
The Collapse of Monetarism and the Irrelevance of the New
... the stage for the counter-revolution that has dominated academic macroeconomics for a generation, and that – far more important – also dominated and continues to influence the way in which most people think about monetary policy and the fight against inflation. ...
... the stage for the counter-revolution that has dominated academic macroeconomics for a generation, and that – far more important – also dominated and continues to influence the way in which most people think about monetary policy and the fight against inflation. ...
Learning about Fiscal Policy Uncertainty
... with access to complete information would expect the new policies to improve economic conditions, and they would immediately adjust their expectations for future economic growth upward. This could allow the economy to move quickly toward recovery, or even bypass the recession altogether, since firms ...
... with access to complete information would expect the new policies to improve economic conditions, and they would immediately adjust their expectations for future economic growth upward. This could allow the economy to move quickly toward recovery, or even bypass the recession altogether, since firms ...
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.