WTM Global Trends Report - WTM London
... • Around 1% of American companies operate this policy, with employees taking as much time off as they want. • However, in reality employees seldom abuse the policy if there is a good trust relationship in the workplace and a sense of only taking time off when it will not impact the business. • More ...
... • Around 1% of American companies operate this policy, with employees taking as much time off as they want. • However, in reality employees seldom abuse the policy if there is a good trust relationship in the workplace and a sense of only taking time off when it will not impact the business. • More ...
Why Did Asian Countries Fare Better during the Global Financial
... stability—that is, the advanced economies—have increasingly become the sources of global instability since the crisis. The advanced economies are large enough to systematically matter, and they affect Asia and the rest of the world. Notwithstanding its substantial adverse implications for Asia’s med ...
... stability—that is, the advanced economies—have increasingly become the sources of global instability since the crisis. The advanced economies are large enough to systematically matter, and they affect Asia and the rest of the world. Notwithstanding its substantial adverse implications for Asia’s med ...
evaluating qualitative forecasts: the fomc minutes, 2006-2010
... unemployment, etc. These are all quantitative measures. In addition, the profession’s current methodology for evaluating these forecasts is also based on quantitative procedures. However, the qualitative scenarios and policy statements that are issued can also be interpreted as forecasts.1 This pape ...
... unemployment, etc. These are all quantitative measures. In addition, the profession’s current methodology for evaluating these forecasts is also based on quantitative procedures. However, the qualitative scenarios and policy statements that are issued can also be interpreted as forecasts.1 This pape ...
A Flop And A debAcle: InsIde the IMF`s GlobAl RebAlAncInG Acts
... results. And what better global agency to oversee, or at least monitor, such a process than the IMF? For those who share this view — and I count myself among them — the story that unfolds in this monograph is dispiriting. It is a detailed account of initiatives led by the IMF to address the imbalanc ...
... results. And what better global agency to oversee, or at least monitor, such a process than the IMF? For those who share this view — and I count myself among them — the story that unfolds in this monograph is dispiriting. It is a detailed account of initiatives led by the IMF to address the imbalanc ...
The euro zone crisis and developing countries
... of easy credit to institutions that need to change their behaviour rather than continue business as usual. Although some commentators posit that the latest cash injections may have prevented a bank run across euro zone economies, or a Lehman-style collapse, the measures still do not resolve the sove ...
... of easy credit to institutions that need to change their behaviour rather than continue business as usual. Although some commentators posit that the latest cash injections may have prevented a bank run across euro zone economies, or a Lehman-style collapse, the measures still do not resolve the sove ...
Working Paper No. 405 Monetary policy, capital
... A range of hypotheses have been put forward to explain the boom in house prices that occurred in the United States from the mid-1990s to 2007. This paper considers the relative importance of two of these hypotheses. First, global imbalances increased liquidity in the US nancial system, driving down ...
... A range of hypotheses have been put forward to explain the boom in house prices that occurred in the United States from the mid-1990s to 2007. This paper considers the relative importance of two of these hypotheses. First, global imbalances increased liquidity in the US nancial system, driving down ...
I F M What Is the
... its members to do very much of anything. It is rather a cooperative institution that 182 countries have voluntarily joined because they see the advantage of consulting with one another in this forum to maintain a stable system of buying and selling their currencies so that payments in foreign money ...
... its members to do very much of anything. It is rather a cooperative institution that 182 countries have voluntarily joined because they see the advantage of consulting with one another in this forum to maintain a stable system of buying and selling their currencies so that payments in foreign money ...
ge14 Bhattarai neu
... reduces welfare more when the trade elasticity is higher. Our contribution is to study optimal monetary and fiscal policy, both with and without commitment, in a general small open economy environment, with the main focus on a situation where the ZLB on the short-term nominal interest rate binds. T ...
... reduces welfare more when the trade elasticity is higher. Our contribution is to study optimal monetary and fiscal policy, both with and without commitment, in a general small open economy environment, with the main focus on a situation where the ZLB on the short-term nominal interest rate binds. T ...
EMU Break-up
... Once again our purpose is not to assess the probability of EMU break-up, but its impact. Calibrating the impact remains challenging, but it is now essential to make informed investment decisions. We evaluate two boundary cases: a Greek exit and a complete break-up. Although there are many permutatio ...
... Once again our purpose is not to assess the probability of EMU break-up, but its impact. Calibrating the impact remains challenging, but it is now essential to make informed investment decisions. We evaluate two boundary cases: a Greek exit and a complete break-up. Although there are many permutatio ...
Economic Ideas, the Monetary Order and the Uneasy Case for
... embed in it a set of well-defined, widely understood and consistent principles for the conduct of policy. Explicit and legally enforceable rules constraining central bank behaviour are not strictly necessary to produce this outcome. Policy practices informally adopted but systematically adhered to c ...
... embed in it a set of well-defined, widely understood and consistent principles for the conduct of policy. Explicit and legally enforceable rules constraining central bank behaviour are not strictly necessary to produce this outcome. Policy practices informally adopted but systematically adhered to c ...
New evidence on the puzzles: Results from agnostic identification
... delayed overshooting of the exchange rate in response to monetary policy shocks? Second, does the forward discount puzzle still survive or is it just a ‘twin appearance’ of delayed overshooting?2 This question is of interest, since the delayed overshooting observation may be interpreted as a sign of ...
... delayed overshooting of the exchange rate in response to monetary policy shocks? Second, does the forward discount puzzle still survive or is it just a ‘twin appearance’ of delayed overshooting?2 This question is of interest, since the delayed overshooting observation may be interpreted as a sign of ...
Monetary Policy in Japan Since the Late 1980s
... tioned in Japan, especially since the late 1980s, and attempts to draw some implications for the current discussions about Japan’s monetary policy.1 In the subsequent section, we first apply a Taylor-rule-type policy reaction function to Japan and document possible delays of monetary policy actions ...
... tioned in Japan, especially since the late 1980s, and attempts to draw some implications for the current discussions about Japan’s monetary policy.1 In the subsequent section, we first apply a Taylor-rule-type policy reaction function to Japan and document possible delays of monetary policy actions ...
Asia Economics Analyst
... We used unit cost estimates for the construction of these sectors to derive values for the total financing need of each sector. By aggregating each sector, we look at the overall country demand for infrastructure. Indonesia has the largest absolute demand for infrastructure, at US$235 bn between 201 ...
... We used unit cost estimates for the construction of these sectors to derive values for the total financing need of each sector. By aggregating each sector, we look at the overall country demand for infrastructure. Indonesia has the largest absolute demand for infrastructure, at US$235 bn between 201 ...
essays Why stricter rules threaten the eurozone
... How did the eurozone come to find itself in its current predicament? The short answer is that the introduction of the euro spurred the emergence of enormous macroeconomic imbalances that were unsustainable, and that the eurozone has proved institutionally illequipped to tackle. North European policy ...
... How did the eurozone come to find itself in its current predicament? The short answer is that the introduction of the euro spurred the emergence of enormous macroeconomic imbalances that were unsustainable, and that the eurozone has proved institutionally illequipped to tackle. North European policy ...
THE EVALUATION OF ECONOMIC RECESSION MAGNITUDE
... quarters in a quarter-to-quarter comparison. Moreover, other factors such as real personal income, employment, industrial production and wholesale and retail sales are used to determine whether an economy is in a recession or not (Rachlin, 2009). A deep recession influencing more than one country and ...
... quarters in a quarter-to-quarter comparison. Moreover, other factors such as real personal income, employment, industrial production and wholesale and retail sales are used to determine whether an economy is in a recession or not (Rachlin, 2009). A deep recession influencing more than one country and ...
Global Strategy Views - Glovista Investments LLC
... become known as the Great Recession. At its root, these concerns hinge on the potentially potent deflationary dynamics that may take hold in economies, such as those in the USA/Spain/UK/Ireland, that have embarked upon what may prove to be a multi-year deleveraging phase of unprecedented proportions ...
... become known as the Great Recession. At its root, these concerns hinge on the potentially potent deflationary dynamics that may take hold in economies, such as those in the USA/Spain/UK/Ireland, that have embarked upon what may prove to be a multi-year deleveraging phase of unprecedented proportions ...
The End of the Treasury
... The new consensus was expressed in a speech by the Chancellor, Nigel Lawson in 1984:2 “It is the conquest of inflation, and not the pursuit of growth and employment, which is or should be the objective of macro-economic policy. And it is the creation of conditions conducive to growth and employment ...
... The new consensus was expressed in a speech by the Chancellor, Nigel Lawson in 1984:2 “It is the conquest of inflation, and not the pursuit of growth and employment, which is or should be the objective of macro-economic policy. And it is the creation of conditions conducive to growth and employment ...
SP227: Lost at Sea: The Euro Needs a Euro Treasury
... The IMF (2013c) forecasts that the eurozone’s external imbalance will continue growing beyond 400 billion dollars and towards 3 percent of GDP over the next few years. By comparison, the U.S. current account deficit peaked in 2006 at around 800 billion dollars and has since declined to around 450 bi ...
... The IMF (2013c) forecasts that the eurozone’s external imbalance will continue growing beyond 400 billion dollars and towards 3 percent of GDP over the next few years. By comparison, the U.S. current account deficit peaked in 2006 at around 800 billion dollars and has since declined to around 450 bi ...
Full Text
... picked up in the second half of 2016, and the outlook for advanced economies has improved for 2017–18. Better growth prospects in the United States, Europe, and Japan reflect some rebound in manufacturing and trade, as well as prospects of likely U.S. fiscal stimulus in the wake of the November elec ...
... picked up in the second half of 2016, and the outlook for advanced economies has improved for 2017–18. Better growth prospects in the United States, Europe, and Japan reflect some rebound in manufacturing and trade, as well as prospects of likely U.S. fiscal stimulus in the wake of the November elec ...
When Credit Bites Back: Leverage, Business Cycles, and Crises
... Almost all major landmark events in modern macroeconomic history have been associated with a financial crisis. Students of such disasters have often identified excess credit, as the “Achilles heel of capitalism,” as James Tobin (1989) described it in his review of Hyman Minsky’s book Stabilizing an ...
... Almost all major landmark events in modern macroeconomic history have been associated with a financial crisis. Students of such disasters have often identified excess credit, as the “Achilles heel of capitalism,” as James Tobin (1989) described it in his review of Hyman Minsky’s book Stabilizing an ...
Lost at Sea: The Euro Needs a Euro Treasury
... understanding the eurozone’s malperformance and tendency to crisis. The immediate causes of the ongoing euro crisis were neither some exogenous asymmetric shock nor fiscal profligacy. Rather, the regime’s foremost failures were: first, to provide a sufficiently powerful defense against symmetric sho ...
... understanding the eurozone’s malperformance and tendency to crisis. The immediate causes of the ongoing euro crisis were neither some exogenous asymmetric shock nor fiscal profligacy. Rather, the regime’s foremost failures were: first, to provide a sufficiently powerful defense against symmetric sho ...
The Globalization of World Politics
... transcending the world’s major regions and continents. Central to this structural change are contemporary informatics technologies and infrastructures of communication and transportation. These have greatly facilitated new forms and possibilities of virtual real-time worldwide organization and coord ...
... transcending the world’s major regions and continents. Central to this structural change are contemporary informatics technologies and infrastructures of communication and transportation. These have greatly facilitated new forms and possibilities of virtual real-time worldwide organization and coord ...
2016 Global Economic Outlook, October
... as regional conflicts and geopolitical tensions. All of these uncertainties have the potential to significantly deter long-term business investment, impede international trade and prolong the cycle of weak global growth. They are discussed in more detail in the section on uncertainties, risks and po ...
... as regional conflicts and geopolitical tensions. All of these uncertainties have the potential to significantly deter long-term business investment, impede international trade and prolong the cycle of weak global growth. They are discussed in more detail in the section on uncertainties, risks and po ...
Low Interest Rates and Housing Booms
... possibility to borrow against the value of the house to …nance spending) should have a similar e¤ect. Countries where it is less costly to re…nance mortgages should also see stronger transmission from interest rates to housing activity, since interest rate reductions would feed through to lower mor ...
... possibility to borrow against the value of the house to …nance spending) should have a similar e¤ect. Countries where it is less costly to re…nance mortgages should also see stronger transmission from interest rates to housing activity, since interest rate reductions would feed through to lower mor ...
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.