1 Great Recessions Compared James Foreman-Peck
... Techniques of financial innovation and malpractice have become more complex since the period between the World Wars and globalisation now more closely links national financial networks and economic activity more generally. Hence, the US in 1929 is the model for the more widespread financial crisis o ...
... Techniques of financial innovation and malpractice have become more complex since the period between the World Wars and globalisation now more closely links national financial networks and economic activity more generally. Hence, the US in 1929 is the model for the more widespread financial crisis o ...
GLOBALIZATION
... In the 1960s, the U.S. economy was dominant in the world, U.S. firms accounted for most of the foreign direct investment in the world economy, U.S. firms dominated the list of large multinationals, and roughly half the world-the centrally planned economies of the Communist world-was closed to Wester ...
... In the 1960s, the U.S. economy was dominant in the world, U.S. firms accounted for most of the foreign direct investment in the world economy, U.S. firms dominated the list of large multinationals, and roughly half the world-the centrally planned economies of the Communist world-was closed to Wester ...
DPI 132 - Harvard Kennedy School
... entire Gross Domestic Product. There was no certainty of success (or of repayment), nor clear exit from its role. One obvious—and hotly contested—question is: what have we gotten for all that money? Eight years on, in mid-2016, the answer was “not much” apparently because only one in five Americans ...
... entire Gross Domestic Product. There was no certainty of success (or of repayment), nor clear exit from its role. One obvious—and hotly contested—question is: what have we gotten for all that money? Eight years on, in mid-2016, the answer was “not much” apparently because only one in five Americans ...
Currency crises: A forth generation model approach
... and two private players. The idea of second generation models is based on the fact that defending exchange rate parity can be expensive (through higher interest rates) if the market believes that it will ultimately fail. This set of assumptions opens the possibility for multiple equilibria and self- ...
... and two private players. The idea of second generation models is based on the fact that defending exchange rate parity can be expensive (through higher interest rates) if the market believes that it will ultimately fail. This set of assumptions opens the possibility for multiple equilibria and self- ...
From the Periphery to the Core? Central Europe and the Economic
... long-awaited systemic reforms were finally adopted, after being the subjects of long political debate. The most important of them concern the healthcare and pension systems. Even though these reforms promise positive mid-term implications, the Czech economy was back in recession in 2012 (with a 1.1% ...
... long-awaited systemic reforms were finally adopted, after being the subjects of long political debate. The most important of them concern the healthcare and pension systems. Even though these reforms promise positive mid-term implications, the Czech economy was back in recession in 2012 (with a 1.1% ...
The World in 2050 Will the shift in global economic power continue?
... the world, accounting for around 84% of global GDP. We project the world economy to grow at an average of just over 3% per annum in the period 2014 – 50, doubling in size by 2037 and nearly tripling by 2050. But we expect a slowdown in global growth after 2020, as the rate of expansion in China and ...
... the world, accounting for around 84% of global GDP. We project the world economy to grow at an average of just over 3% per annum in the period 2014 – 50, doubling in size by 2037 and nearly tripling by 2050. But we expect a slowdown in global growth after 2020, as the rate of expansion in China and ...
FRBSF L CONOMIC
... stabilized, panic has subsided, and the economy is growing again. But we face important threats to the recovery. In particular, the job market is turning around only slowly, prolonging hardship for millions of Americans. The unemployment rate was 9.7% in February, down from its recessionary high, bu ...
... stabilized, panic has subsided, and the economy is growing again. But we face important threats to the recovery. In particular, the job market is turning around only slowly, prolonging hardship for millions of Americans. The unemployment rate was 9.7% in February, down from its recessionary high, bu ...
May 2016: Market Review
... but is off (1.19%) so far year-to-date. In U.S. economic news, Janet Yellen indicated that the Federal Reserve is still considering slowly raising rates “in the coming months” if the labor market and economy continue to show signs of strength. Futures markets are now estimating a nearly 60% chance o ...
... but is off (1.19%) so far year-to-date. In U.S. economic news, Janet Yellen indicated that the Federal Reserve is still considering slowly raising rates “in the coming months” if the labor market and economy continue to show signs of strength. Futures markets are now estimating a nearly 60% chance o ...
the global financial crisis: impact and response of the regional
... current financial crisis and the initiatives that are needed to ensure longer-term financial stability in the industry. The group has shifted it focus towards addressing financial stability in addition to its usual emphasis on environmental sustainability and social responsiveness. A follow-up meeti ...
... current financial crisis and the initiatives that are needed to ensure longer-term financial stability in the industry. The group has shifted it focus towards addressing financial stability in addition to its usual emphasis on environmental sustainability and social responsiveness. A follow-up meeti ...
Business Cycles
... • The increasing importance of services and the declining importance of goods. Because durable goods are usually more expensive than services, during a recession households will cut back more on purchases of durables than they will on purchases of services. • The establishment of unemployment insura ...
... • The increasing importance of services and the declining importance of goods. Because durable goods are usually more expensive than services, during a recession households will cut back more on purchases of durables than they will on purchases of services. • The establishment of unemployment insura ...
301LONU4K2
... roads, number of personal computers, population per retail outlet, and other such characteristics • Economic freedom: The degree to which government intervenes in business activities • Country risk: The degree of political risk ...
... roads, number of personal computers, population per retail outlet, and other such characteristics • Economic freedom: The degree to which government intervenes in business activities • Country risk: The degree of political risk ...
The Mundell-Fleming (Open Economy IS-LM)
... – Current Account given by net exports (NX) Current Account given by net exports (NX) – Capital Account – private capital flows – ORS – authorities must keep exchange rate fixed • “Credible Fix” is expected to remain fixed “Credible Fi ” is e pected to remain fi ed • Can loosen assumption, allow “im ...
... – Current Account given by net exports (NX) Current Account given by net exports (NX) – Capital Account – private capital flows – ORS – authorities must keep exchange rate fixed • “Credible Fix” is expected to remain fixed “Credible Fi ” is e pected to remain fi ed • Can loosen assumption, allow “im ...
Notes on government policy
... is that businesses will expect the Fed policy and expect even higher inflation. The Fed would have to increase inflation even more to reduce unemployment. But then businesses would expect even higher inflation. The end result is that inflation will end up very high with little impact on unemployment ...
... is that businesses will expect the Fed policy and expect even higher inflation. The Fed would have to increase inflation even more to reduce unemployment. But then businesses would expect even higher inflation. The end result is that inflation will end up very high with little impact on unemployment ...
Strengthening The Global Economy After September 11
... India, China, Brazil, Mexico, and Saudi Arabia. (3) Economic Growth in the Poorest Countries: Reform of the Development Banks Nowhere is raising economic growth more important than in the very poor countries of the world. As with so many things, September 11 has reminded us of another reason to acce ...
... India, China, Brazil, Mexico, and Saudi Arabia. (3) Economic Growth in the Poorest Countries: Reform of the Development Banks Nowhere is raising economic growth more important than in the very poor countries of the world. As with so many things, September 11 has reminded us of another reason to acce ...
Misunderstanding the Great Depression, making the next one
... • I meant ‘there’s a nice knock-down argument for you!’” • “But ‘glory’ doesn’t mean ‘a nice knock-down argument’,” Alice objected. • “When I use a word,” Humpty Dumpty said, in rather a scornful tone, • “it means just what I choose it to mean—neither more nor less.” • “The question is,” said Alice, ...
... • I meant ‘there’s a nice knock-down argument for you!’” • “But ‘glory’ doesn’t mean ‘a nice knock-down argument’,” Alice objected. • “When I use a word,” Humpty Dumpty said, in rather a scornful tone, • “it means just what I choose it to mean—neither more nor less.” • “The question is,” said Alice, ...
12th Annual Hyman P. Minsky Conference on Financial Markets
... despite the great strides being made by the U.S. economy, the growth of aggregate demand was so structured as to be unsustainable. In presenting their most recent findings, Godley stated that, although the economy appears to be in recovery, Americans should not be complacent: dangers do still exist. ...
... despite the great strides being made by the U.S. economy, the growth of aggregate demand was so structured as to be unsustainable. In presenting their most recent findings, Godley stated that, although the economy appears to be in recovery, Americans should not be complacent: dangers do still exist. ...
Sample Title - The Counselors of Real Estate®
... of the investment committee of certain of the RREEF Alternative Investment Funds. Members of the investment committees vote with respect to underlying investments and/or transactions and certain other matters subjected to a vote of such investment committee. Additionally, research personnel receive, ...
... of the investment committee of certain of the RREEF Alternative Investment Funds. Members of the investment committees vote with respect to underlying investments and/or transactions and certain other matters subjected to a vote of such investment committee. Additionally, research personnel receive, ...
emerging economies: growth, resilience, impact, investment
... Shift in structure of income side of the economy – shift toward the household sector Elimination of low return investment Competition and innovation – Expansion of market side of economy – SOE’s transitioned fully into private sector – with competition, removal of privilege market access, and altere ...
... Shift in structure of income side of the economy – shift toward the household sector Elimination of low return investment Competition and innovation – Expansion of market side of economy – SOE’s transitioned fully into private sector – with competition, removal of privilege market access, and altere ...
How to Read the Country/Economy Profiles - weforum.org
... Economic and Social Affairs, Population Division. The population figure for Taiwan, China, is sourced from Taiwan’s National Statistics. • Gross domestic product (GDP) data come from the April 2012 edition of the International Monetary Fund (IMF)’s World Economic Outlook (WEO) Database, with the ex ...
... Economic and Social Affairs, Population Division. The population figure for Taiwan, China, is sourced from Taiwan’s National Statistics. • Gross domestic product (GDP) data come from the April 2012 edition of the International Monetary Fund (IMF)’s World Economic Outlook (WEO) Database, with the ex ...
Why the US Economy Is Not Depression-Proof
... that depression—that is, substantially lower standards of living—is possible in times of either rising or falling prices. While price figures may not be accurate, especially if they are manipulated by the government data gatherers, they can reflect the general decline in people's material well-being ...
... that depression—that is, substantially lower standards of living—is possible in times of either rising or falling prices. While price figures may not be accurate, especially if they are manipulated by the government data gatherers, they can reflect the general decline in people's material well-being ...
Introduction to Economic Policy
... Strategies for (Fluctuations) Economic Policy Expansionary Policy -- Policy designed to address a sluggish economy (Y* < YF). Contractionary Policy -- Policy designed to address an ...
... Strategies for (Fluctuations) Economic Policy Expansionary Policy -- Policy designed to address a sluggish economy (Y* < YF). Contractionary Policy -- Policy designed to address an ...
To view this press release as a file
... in order to bring workers, and the economy as a whole, to a better place. However, before I touch on that central issue, I will try to outline an up-to-date picture of the macroeconomic environment. Israel’s economy has been operating in recent years in a global economic environment that has become ...
... in order to bring workers, and the economy as a whole, to a better place. However, before I touch on that central issue, I will try to outline an up-to-date picture of the macroeconomic environment. Israel’s economy has been operating in recent years in a global economic environment that has become ...
Panel on Policy Reforms after the Crisis Chair: Barry Eichengreen geneRal DisCUssiOn
... Mr. Spiegel: Thanks. My question actually follows directly from Chief Executive Chan’s statement. I’d like to offer a revision to the first of the policy lessons you put on the board. It would be slightly more neutral to change the first term to avoid excessive leverage rather than excessive borrow ...
... Mr. Spiegel: Thanks. My question actually follows directly from Chief Executive Chan’s statement. I’d like to offer a revision to the first of the policy lessons you put on the board. It would be slightly more neutral to change the first term to avoid excessive leverage rather than excessive borrow ...
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.