McEachern Chapter 5 PPT
... © 2017 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. ...
... © 2017 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. ...
Monetary Policy and Real Exchange Rate Dynamics in Sticky-Price Models
... Our …nding that policy inertia hampers the ability of the model to generate RER persistence may seem to contradict the results in Engel (2012) and Benigno (2004). However, this is not the case. Consistent with those papers, in response to i.i.d. policy shocks, we …nd that real exchange rate persiste ...
... Our …nding that policy inertia hampers the ability of the model to generate RER persistence may seem to contradict the results in Engel (2012) and Benigno (2004). However, this is not the case. Consistent with those papers, in response to i.i.d. policy shocks, we …nd that real exchange rate persiste ...
Fiscal Deficit, Trade Deficit, and Financial Account
... framework of Keynesian thought, other things being equal, that twin deficits may result two possible reasons for the “third” deficit i.e. financial account deficit. The standard model of loanable fund, net capital outflow, and foreign exchange markets suggests that the influences of budget deficit o ...
... framework of Keynesian thought, other things being equal, that twin deficits may result two possible reasons for the “third” deficit i.e. financial account deficit. The standard model of loanable fund, net capital outflow, and foreign exchange markets suggests that the influences of budget deficit o ...
Principles of Economics Third Edition by Fred Gottheil
... • A new equilibrium is obtained at a lower level of real GDP and at a higher price level. ...
... • A new equilibrium is obtained at a lower level of real GDP and at a higher price level. ...
Fair Weather or Foul? The Macroeconomic Effects of El Niño∗
... A rapidly growing literature investigates the relationship between climate (temperature, precipitation, storms, and other aspects of the weather) and economic performance (agricultural production, labor productivity, commodity prices, health, con‡ict, and economic growth)— see the recent surveys by ...
... A rapidly growing literature investigates the relationship between climate (temperature, precipitation, storms, and other aspects of the weather) and economic performance (agricultural production, labor productivity, commodity prices, health, con‡ict, and economic growth)— see the recent surveys by ...
Real Unit Labour Costs in Eurozone Countries: Drivers and
... 17.8 percent rise observed in the Mediterranean ones. Ireland is excluded from this last calculation, as it has been a clear exception with an important cumulative growth both in capital intensity and, especially, in TFP with a 89.6 percent increase. Beyond the identification of these two groups, a ...
... 17.8 percent rise observed in the Mediterranean ones. Ireland is excluded from this last calculation, as it has been a clear exception with an important cumulative growth both in capital intensity and, especially, in TFP with a 89.6 percent increase. Beyond the identification of these two groups, a ...
Mohamed Alabbar rings opening bell to mark listing of Emaar`s 2016
... Dubai, February 5, 2014 –Mohamed Alabbar, Chairman of Emaar Properties PJSC, today rang the market opening bell to mark the dual listing of a US$ 500 million (AED 1.84 billion) Sukuk by the global property developer issued in 2011 on NASDAQ Dubai. The new listing is part of efforts aimed at reinforc ...
... Dubai, February 5, 2014 –Mohamed Alabbar, Chairman of Emaar Properties PJSC, today rang the market opening bell to mark the dual listing of a US$ 500 million (AED 1.84 billion) Sukuk by the global property developer issued in 2011 on NASDAQ Dubai. The new listing is part of efforts aimed at reinforc ...
Surviving the recession and the recovery: the SME story
... were under pressure from domestic economic conditions, with tightening profit margins emerging as a major issue. This was especially true in emerging markets, where demand remained weak and inflation pressures intensified. Despite these problems, small and medium-sized businesses were less likely th ...
... were under pressure from domestic economic conditions, with tightening profit margins emerging as a major issue. This was especially true in emerging markets, where demand remained weak and inflation pressures intensified. Despite these problems, small and medium-sized businesses were less likely th ...
Currency Wars or Efficient Spillovers?
... minister Guido Mantega has used the term “currency wars” to describe the effects of US monetary easing on the country’s exchange rate (see Wheatley and Garnham, 2010). Other recent national policies that have led to international controversy include the large reserve accumulation by China and other ...
... minister Guido Mantega has used the term “currency wars” to describe the effects of US monetary easing on the country’s exchange rate (see Wheatley and Garnham, 2010). Other recent national policies that have led to international controversy include the large reserve accumulation by China and other ...
World Economic Outlook: Crisis and Recovery, April 2009
... A number of assumptions have been adopted for the projections presented in the World Economic Outlook. It has been assumed that real effective exchange rates remain constant at their average levels during February 25–March 25, 2009, except for the currencies participating in the European exchange ra ...
... A number of assumptions have been adopted for the projections presented in the World Economic Outlook. It has been assumed that real effective exchange rates remain constant at their average levels during February 25–March 25, 2009, except for the currencies participating in the European exchange ra ...
A Antonio Martino
... that a gold-backed currency would severely limit the discretion of 3’Proposals for monetary reform usually assume that the public prefers a noninflationary rate of monetary growth. This may be true, but it has not been clemosntrated. Nor has it been shown that the rate of inflation that maximizes we ...
... that a gold-backed currency would severely limit the discretion of 3’Proposals for monetary reform usually assume that the public prefers a noninflationary rate of monetary growth. This may be true, but it has not been clemosntrated. Nor has it been shown that the rate of inflation that maximizes we ...
- Blt2}L2tcu Abstract
... social sciences and also being a discipline that touches day-to-day human lives in every society. To quote UGC: "Renewing and updating of the curriculum is the essential ingredient of any vibrant university academic system. There ought to be the dynamic curriculum with necessary additions and change ...
... social sciences and also being a discipline that touches day-to-day human lives in every society. To quote UGC: "Renewing and updating of the curriculum is the essential ingredient of any vibrant university academic system. There ought to be the dynamic curriculum with necessary additions and change ...
Understanding the weakness in global trade
... In recent years, global trade has been exceptionally weak. Annual import growth since 2012 has been half of what it was between 1980 and the Great Recession, and is currently recording the longest period of below-trend growth in almost half a century. Notably, the same weakness has not been reflecte ...
... In recent years, global trade has been exceptionally weak. Annual import growth since 2012 has been half of what it was between 1980 and the Great Recession, and is currently recording the longest period of below-trend growth in almost half a century. Notably, the same weakness has not been reflecte ...
Text - IMF
... 3. The “New Mediocre” and the Outlook for Productivity in Asia Introduction and Main Findings Nearly 10 years after the global financial crisis, the prospect of mediocre future growth is still a concern. In part, the cause for this concern is the recent slowdown in productivity growth in many advanc ...
... 3. The “New Mediocre” and the Outlook for Productivity in Asia Introduction and Main Findings Nearly 10 years after the global financial crisis, the prospect of mediocre future growth is still a concern. In part, the cause for this concern is the recent slowdown in productivity growth in many advanc ...
The Federal Reserve Engages the World
... accounts; (3) the foreign exchange value of the US dollar, US exchange rate policy, and international financial markets; and (4) external financial crises. These interrelated areas absorbed the majority of Federal Reserve activity on international economic and financial policy issues. On the great i ...
... accounts; (3) the foreign exchange value of the US dollar, US exchange rate policy, and international financial markets; and (4) external financial crises. These interrelated areas absorbed the majority of Federal Reserve activity on international economic and financial policy issues. On the great i ...
International Spillovers and Guidelines for Policy Cooperation
... economic policymaker …nds it optimal to impose controls on capital in‡ows or to subsidize capital out‡ows in order to mitigate the shortage in demand. Under the three conditions discussed earlier, this behavior leads, again, to a Pareto e¢ cient global equilibrium. Our third application analyzes the ...
... economic policymaker …nds it optimal to impose controls on capital in‡ows or to subsidize capital out‡ows in order to mitigate the shortage in demand. Under the three conditions discussed earlier, this behavior leads, again, to a Pareto e¢ cient global equilibrium. Our third application analyzes the ...
2010-08-11 MFR of Arthur Laffer interview_1
... “We responded to a traditional financial crisis with massive fiscal redistribution. It turned a crisis into a catastrophe just the way it did in the1930s…I think that answer should have been that we did nothing. We should have held our hands and said ‘I not listening, I’m not listening.’ Instead, wh ...
... “We responded to a traditional financial crisis with massive fiscal redistribution. It turned a crisis into a catastrophe just the way it did in the1930s…I think that answer should have been that we did nothing. We should have held our hands and said ‘I not listening, I’m not listening.’ Instead, wh ...
On the determinants of fiscal stabilizations: Testing the war of
... length of the delay (thus the inefficiency associated with the delay) increases with the number of parties in the coalition. The second important prediction of the Alesina and Drazen model, which we shall also examine in the empirical section of this study, is that an increase in the waiting costs a ...
... length of the delay (thus the inefficiency associated with the delay) increases with the number of parties in the coalition. The second important prediction of the Alesina and Drazen model, which we shall also examine in the empirical section of this study, is that an increase in the waiting costs a ...
On the Receiving End? External Conditions and Emerging
... policymakers worry that this slowdown could be a sign of the lasting effects of the crisis—temporarily offset by policy stimulus—and the beginning of worse to come. Two polar views have been offered to explain emerging markets’ growth experience, with quite different implications for their future pr ...
... policymakers worry that this slowdown could be a sign of the lasting effects of the crisis—temporarily offset by policy stimulus—and the beginning of worse to come. Two polar views have been offered to explain emerging markets’ growth experience, with quite different implications for their future pr ...
Effects of Monetary and Macroprudential Policies on Financial
... 2014, Basu et al., 2014; Chen et al., 2014; IMF 2015a). However, relatively less has been said about international effects of macroprudential policy measures. Previous studies find some evidence of spillovers occurring across branches of foreign banks (Aiyar et al., 2012, Jeanne, 2013, Danisewicz et ...
... 2014, Basu et al., 2014; Chen et al., 2014; IMF 2015a). However, relatively less has been said about international effects of macroprudential policy measures. Previous studies find some evidence of spillovers occurring across branches of foreign banks (Aiyar et al., 2012, Jeanne, 2013, Danisewicz et ...
Expectations and Fundamentals in Banking Panics: Todd Keister Vijay Narasiman
... – a run on certain elements of the financial system, similar in structure to the events that plagued the U.S. banking system in the 19th century. In such an event, many investors withdraw their funds from banks and other financial institutions in a short period of time, placing severe strain on the ...
... – a run on certain elements of the financial system, similar in structure to the events that plagued the U.S. banking system in the 19th century. In such an event, many investors withdraw their funds from banks and other financial institutions in a short period of time, placing severe strain on the ...
NBER WORKING PAPER SERIES THE SIMPLE GEOMETRY OF TRANSMISSION AND STABILIZATION
... in emphasis and style, a number of tightly related research agendas (from the ‘new neoclassical’synthesis to the ‘neo-Wicksellian’monetary economics to the ‘new open-economy macroeconomics’, and so on) have focused on the properties of choice-theoretic models with imperfectly competitive labor and/o ...
... in emphasis and style, a number of tightly related research agendas (from the ‘new neoclassical’synthesis to the ‘neo-Wicksellian’monetary economics to the ‘new open-economy macroeconomics’, and so on) have focused on the properties of choice-theoretic models with imperfectly competitive labor and/o ...
Ten Years After: Revisiting the Asian Financial Crisis
... The East Asian miracle that saw the transformation of East Asian economies from poor, largely rural less-developed countries to middle-income emerging markets has been one of the most remarkable success stories in economic history. Scholars assert that the East Asian miracle was real, as not only ha ...
... The East Asian miracle that saw the transformation of East Asian economies from poor, largely rural less-developed countries to middle-income emerging markets has been one of the most remarkable success stories in economic history. Scholars assert that the East Asian miracle was real, as not only ha ...
About
... what economics is. When I ask non-economists what economics is, many of them shrug and say "it's about money and the stock market and stuff like... Elasticity About Economics September 29, 2005, 10:14 am A common topic in intro microeconomics is that of price elasticity. Students often struggle with ...
... what economics is. When I ask non-economists what economics is, many of them shrug and say "it's about money and the stock market and stuff like... Elasticity About Economics September 29, 2005, 10:14 am A common topic in intro microeconomics is that of price elasticity. Students often struggle with ...
Foreign Asset Accumulation, Macroeconomic Policies and
... it should also be an interesting open question to study …scal policy, monetary policy and the exchange-rate theory in the Viner-Zou model of mercantilism. Later, Mcdermott (1999) shows that mercantilism does harm to the long-run economic growth of the implementing countries by modeling mercantilism ...
... it should also be an interesting open question to study …scal policy, monetary policy and the exchange-rate theory in the Viner-Zou model of mercantilism. Later, Mcdermott (1999) shows that mercantilism does harm to the long-run economic growth of the implementing countries by modeling mercantilism ...
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.