XIA MENG Brandeis University International Business School Phone
... The existence of fat-tailed distributions underlying financial time series has been known for a long time. In this paper, I use OLS Hill estimator to measure the tail thickness of daily returns of US stock market. Based on bootstrap test, I show that 1) the return distribution is not symmetric in ta ...
... The existence of fat-tailed distributions underlying financial time series has been known for a long time. In this paper, I use OLS Hill estimator to measure the tail thickness of daily returns of US stock market. Based on bootstrap test, I show that 1) the return distribution is not symmetric in ta ...
Summary of IS-LM
... • Expectation of devaluation leads to higher interest rates • Interest rates affected by risk – Worried we get paid back in lower vlaue ...
... • Expectation of devaluation leads to higher interest rates • Interest rates affected by risk – Worried we get paid back in lower vlaue ...
Dr. Yetkiner when he is young and
... when he is young and when he is old. The real interest rate is ...
... when he is young and when he is old. The real interest rate is ...
ECONOMICS SYLLABUS MISSAL 2015-16
... Credits: 5.0 Course Description: this full-year course is designed to expose students to micro and macroeconomic concepts as well as basic financial literacy. The course is divided into two sections; the first half of the course consist of the microeconomic study while the second-half is both macroe ...
... Credits: 5.0 Course Description: this full-year course is designed to expose students to micro and macroeconomic concepts as well as basic financial literacy. The course is divided into two sections; the first half of the course consist of the microeconomic study while the second-half is both macroe ...
Rethinking the Market Economy - Emerging Issues in Management
... economy are much more complex than those in a centralized economy. The whole economy is more stable because each leaf node no longer relies on just one central node. It enables entities within the network to work much more with regional or local resources, human capital, knowledge, technology and so ...
... economy are much more complex than those in a centralized economy. The whole economy is more stable because each leaf node no longer relies on just one central node. It enables entities within the network to work much more with regional or local resources, human capital, knowledge, technology and so ...
Annamaria Simonazzi (Provisional) 1. Introduction: secular
... full employment has fallen to negative values. With the failure of monetary policy to enforce equality between investment and full employment savings in a “liquidity trap”, we may be stuck in a long-run equilibrium with underemployment and we are doomed to economic stagnation. The reasons of the fal ...
... full employment has fallen to negative values. With the failure of monetary policy to enforce equality between investment and full employment savings in a “liquidity trap”, we may be stuck in a long-run equilibrium with underemployment and we are doomed to economic stagnation. The reasons of the fal ...
Kitty Law
... that effects of international financial crises can be minimized; To assist in liberalizing international trade so that countries can promote and maintain high levels of employment and real income; To stabilize exchange rates and to maintain orderly exchange policies; To establish a complex system of ...
... that effects of international financial crises can be minimized; To assist in liberalizing international trade so that countries can promote and maintain high levels of employment and real income; To stabilize exchange rates and to maintain orderly exchange policies; To establish a complex system of ...
Have we passed "peak finance"? - International Center for Monetary
... to be established. I would note the usual challenge of distinguishing the cyclical from the secular: has world trade growth really slowed relative to global economic growth? Or have we just gone through a cycle, perhaps associated with weak investment and weak commodity prices?2 Time will tell wheth ...
... to be established. I would note the usual challenge of distinguishing the cyclical from the secular: has world trade growth really slowed relative to global economic growth? Or have we just gone through a cycle, perhaps associated with weak investment and weak commodity prices?2 Time will tell wheth ...
Global Financial Crisis and Regional M.İbrahim Turhan Deputy Governor
... Austria: Banking sector exposure to Eastern Europe countries because of excessive euro denominated credit lending to households and corporates ...
... Austria: Banking sector exposure to Eastern Europe countries because of excessive euro denominated credit lending to households and corporates ...
Overcoming the Great Recession: Lessons From China
... Depression were Adolf Hitler’s seizure of power for civil elections and the outbreak of WWII,” Liu warns that “we must be alert for any unexpected events that will crop up while the crisis is still developing as well as for runaway developments and miscalculations.” The ongoing Arab revolutions, for ...
... Depression were Adolf Hitler’s seizure of power for civil elections and the outbreak of WWII,” Liu warns that “we must be alert for any unexpected events that will crop up while the crisis is still developing as well as for runaway developments and miscalculations.” The ongoing Arab revolutions, for ...
Has the resurgence of Keynesianism already peaked?
... Bundesbank was the first central bank in the world to publish a money supply target, for 1975. But in monetarist circles, the Bundesbank’s policy soon came to be criticized for not being sufficiently true to principles. The central bank itself termed its approach “pragmatic monetarism.” That said, t ...
... Bundesbank was the first central bank in the world to publish a money supply target, for 1975. But in monetarist circles, the Bundesbank’s policy soon came to be criticized for not being sufficiently true to principles. The central bank itself termed its approach “pragmatic monetarism.” That said, t ...
19 BUSINESS CYCLES
... ups and downs of the economy as a whole. But never was the downswing sharp enough or long enough to attract our attention as did the Great Depression. Up to that time, governments did not even keep data on the macro economy. No one had GDP statistics or price indexes. So it took a dramatic event to ...
... ups and downs of the economy as a whole. But never was the downswing sharp enough or long enough to attract our attention as did the Great Depression. Up to that time, governments did not even keep data on the macro economy. No one had GDP statistics or price indexes. So it took a dramatic event to ...
Market Review and Outlook
... President Abdullah Gül on 17 May signed into law a July 2008 bill which liberalizes Turkish regulations on property ownership by foreigners. Foreign land ownership in modern Turkey has been based on the principle of full legal reciprocity which was first modified in 2003/2006. The new law further re ...
... President Abdullah Gül on 17 May signed into law a July 2008 bill which liberalizes Turkish regulations on property ownership by foreigners. Foreign land ownership in modern Turkey has been based on the principle of full legal reciprocity which was first modified in 2003/2006. The new law further re ...
Making Financial Markets Work for Development Financial Markets, Crisis and Development
... Hedge Funds, etc. (see below, chapter 7), that brought the system to a collapse from within. In light of the historical significance of the crisis it is too early to predict all its consequences. What we can be sure about, though, is that the world economy in general and the developing countries in ...
... Hedge Funds, etc. (see below, chapter 7), that brought the system to a collapse from within. In light of the historical significance of the crisis it is too early to predict all its consequences. What we can be sure about, though, is that the world economy in general and the developing countries in ...
Out of the corridor: Keynes and the crisis
... fails to deal systematically with the state of balance sheets. This is a balance sheet recession.2 The trouble starts with the condition of private sector balance sheets, particularly of financial institutions, and this is the problem that must be solved if the recession is to end any time soon. Jap ...
... fails to deal systematically with the state of balance sheets. This is a balance sheet recession.2 The trouble starts with the condition of private sector balance sheets, particularly of financial institutions, and this is the problem that must be solved if the recession is to end any time soon. Jap ...
Global Economic Outlook 2017-2021: The All-Too
... 2016, but the medium-term outlook is flat. Average annual global output growth through 2021 will be about 3.0 percent. This delicate recovery will be underpinned by stronger growth in a limited number of developed and emerging markets. • Four economic elements in particular help explain why project ...
... 2016, but the medium-term outlook is flat. Average annual global output growth through 2021 will be about 3.0 percent. This delicate recovery will be underpinned by stronger growth in a limited number of developed and emerging markets. • Four economic elements in particular help explain why project ...
1 MACROECONOMIC RISKS IN THE INDIAN ECONOMY Dun and
... adverse effects of the reputation deviating negatively from its expected level. The reputation refers to the image in the eyes of the public with regard to competence, integrity and reliability. 7. The biggest macroeconomic risk comes from faulty policies which are invariability advocated with sedu ...
... adverse effects of the reputation deviating negatively from its expected level. The reputation refers to the image in the eyes of the public with regard to competence, integrity and reliability. 7. The biggest macroeconomic risk comes from faulty policies which are invariability advocated with sedu ...
Asset Prices and Monetary Policy
... omission is not seen as a problem, quite the opposite. Monetary policy can only control the development of goods prices over the medium to long term. But, in times of large movements of assets prices, the debate always starts on whether this concentration of monetary policy on consumer prices alone ...
... omission is not seen as a problem, quite the opposite. Monetary policy can only control the development of goods prices over the medium to long term. But, in times of large movements of assets prices, the debate always starts on whether this concentration of monetary policy on consumer prices alone ...
Emerging Markets
... politics, business environment, and culture. Even within a country, vast regional and local differences must be taken into account. The global economic landscape is undergoing fundamental changes. Emerging markets are more than just a rising force: they’re now the main game in economic growth. E71 i ...
... politics, business environment, and culture. Even within a country, vast regional and local differences must be taken into account. The global economic landscape is undergoing fundamental changes. Emerging markets are more than just a rising force: they’re now the main game in economic growth. E71 i ...
Principles of Macroeconomics Economics 11C
... much richer than its neighbor North Korea, where famine kills hundreds of thousands of people and few people have electricity? The U.S., Mexico, and Canada signed the North American Free Trade Agreement (NAFTA) in 1996, which lowered barriers to trade and investment between the U.S., Canada, and Mex ...
... much richer than its neighbor North Korea, where famine kills hundreds of thousands of people and few people have electricity? The U.S., Mexico, and Canada signed the North American Free Trade Agreement (NAFTA) in 1996, which lowered barriers to trade and investment between the U.S., Canada, and Mex ...
The Future of the U.S. Dollar and its Competition with the Euro
... performance. The Asian crisis also underlined that the benefits of short-term exchange rate stability are greatly outweighed by the risks that pegged or tightly managed exchange rate regimes bring—not least from the danger of currency mismatches in the corporate and the banking sectors. Fixed exchan ...
... performance. The Asian crisis also underlined that the benefits of short-term exchange rate stability are greatly outweighed by the risks that pegged or tightly managed exchange rate regimes bring—not least from the danger of currency mismatches in the corporate and the banking sectors. Fixed exchan ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Rational Expectations and Economic Policy
... model whose structure would remain approximately invariant to changes in economic policies. The paper by Robert Shiller is designed to focus on a key point in most theories of the effects of monetary policy on the economy, namely, its impact on real interest rates. In some theories, anticipated chan ...
... model whose structure would remain approximately invariant to changes in economic policies. The paper by Robert Shiller is designed to focus on a key point in most theories of the effects of monetary policy on the economy, namely, its impact on real interest rates. In some theories, anticipated chan ...
Lecture 2: Confidence - Princeton University
... America's house prices have reached dangerous levels is the fact that housebuying mania has been plastered on the front of virtually every American newspaper and magazine over the past month.” ...
... America's house prices have reached dangerous levels is the fact that housebuying mania has been plastered on the front of virtually every American newspaper and magazine over the past month.” ...
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.