From Recession to Recovery: How Soon and How
... financial crises. Stimulus is also associated with stronger recoveries; however, the impact of fiscal policy on the strength of the recovery is found to be smaller for economies that have higher levels of public debt. ...
... financial crises. Stimulus is also associated with stronger recoveries; however, the impact of fiscal policy on the strength of the recovery is found to be smaller for economies that have higher levels of public debt. ...
From Recession to Recovery
... financial crises. Stimulus is also associated with stronger recoveries; however, the impact of fiscal policy on the strength of the recovery is found to be smaller for economies that have higher levels of public debt. ...
... financial crises. Stimulus is also associated with stronger recoveries; however, the impact of fiscal policy on the strength of the recovery is found to be smaller for economies that have higher levels of public debt. ...
Global Strategy Q3 2016
... due to fiscal easing). On a positive note, we can see improving economic conditions in Croatia and Serbia. The recently ailing Croatia expanded 2.7% (y/y), while Serbia expanded 2.6%. Due to the downside surprise in Poland, we cut our forecast for average growth to just 2.4% for 2016, and to 3.0% fo ...
... due to fiscal easing). On a positive note, we can see improving economic conditions in Croatia and Serbia. The recently ailing Croatia expanded 2.7% (y/y), while Serbia expanded 2.6%. Due to the downside surprise in Poland, we cut our forecast for average growth to just 2.4% for 2016, and to 3.0% fo ...
Shocks and policy responses in the open economy
... the medium- and long-run analysis in Chapter 5. This is followed by an examination of four different kinds of shocks: domestic aggregate demand shocks, domestic supply shocks, foreign trade shocks, and external supply shocks. In each case, we ask what the implication of such a shock is for the short ...
... the medium- and long-run analysis in Chapter 5. This is followed by an examination of four different kinds of shocks: domestic aggregate demand shocks, domestic supply shocks, foreign trade shocks, and external supply shocks. In each case, we ask what the implication of such a shock is for the short ...
deflation - Mises Institute
... the chairman of the Sweden Trade Union Federation in 1921 that they report but do not comment upon: “If there once is a significant reduction in consumer prices, then wages may become affected, but such a decrease has not happened, and it cannot be right that workers should pay before an expected bu ...
... the chairman of the Sweden Trade Union Federation in 1921 that they report but do not comment upon: “If there once is a significant reduction in consumer prices, then wages may become affected, but such a decrease has not happened, and it cannot be right that workers should pay before an expected bu ...
2009-II CENTRAL BANK OF THE REPUBLIC OF TURKEY
... assets along with unprecedented fiscal measures. Although these efforts have been somewhat successful in calming down the financial markets, ongoing financial strains and the deep loss of confidence have led to a significant contraction in global economic activity. Accordingly, inflationary pressure ...
... assets along with unprecedented fiscal measures. Although these efforts have been somewhat successful in calming down the financial markets, ongoing financial strains and the deep loss of confidence have led to a significant contraction in global economic activity. Accordingly, inflationary pressure ...
Trend Shocks, Risk Sharing and Cross- Country Portfolio Holdings Yavuz ARSLAN Gürsu KELEŞ
... the output in the US and in the emerging country is close to zero. We can measure the level of risk sharing also in terms of the correlation between relative consumptions and real exchange rates (or terms of trade). In Table 4, we see that this correlation for the real exchange rate (terms of trade ...
... the output in the US and in the emerging country is close to zero. We can measure the level of risk sharing also in terms of the correlation between relative consumptions and real exchange rates (or terms of trade). In Table 4, we see that this correlation for the real exchange rate (terms of trade ...
Moving to a New Global Competitiveness Index
... The Global Competitiveness Report (GCR) has long been a globally recognized ranking of country competitiveness and a tool for benchmarking country strengths and weaknesses. In an effort to continually introduce the best available methodology in preparing the rankings, there has been a series of impr ...
... The Global Competitiveness Report (GCR) has long been a globally recognized ranking of country competitiveness and a tool for benchmarking country strengths and weaknesses. In an effort to continually introduce the best available methodology in preparing the rankings, there has been a series of impr ...
The role of house prices in the monetary policy transmission
... contemporaneous restrictions on the interaction between monetary policy and house prices (see e.g., Assenmacher-Wesche and Gerlach, 2008a,b; Goodhart and Hofmann, 2001; Iacoviello, 2005; Iacoviello and Minetti, 2003, 2008; Giuliodori, 2005). In particular, they either assume that house prices are re ...
... contemporaneous restrictions on the interaction between monetary policy and house prices (see e.g., Assenmacher-Wesche and Gerlach, 2008a,b; Goodhart and Hofmann, 2001; Iacoviello, 2005; Iacoviello and Minetti, 2003, 2008; Giuliodori, 2005). In particular, they either assume that house prices are re ...
Global Baltimore Report - Global Studies
... A highly functioning society naturally responds to needs that are presented. Baltimore is demonstrating its willingness and ability to respond to the influx of immigrants. In 2008, Carmalyn Dorsey, a community health educator at Johns Hopkins began taking her students to the Esperanza Center to work ...
... A highly functioning society naturally responds to needs that are presented. Baltimore is demonstrating its willingness and ability to respond to the influx of immigrants. In 2008, Carmalyn Dorsey, a community health educator at Johns Hopkins began taking her students to the Esperanza Center to work ...
Managing Credit Bubbles - Universitat Pompeu Fabra
... we extended the analysis to an economy with credit, and argued that bubbles could be a source of collateral. Those papers used a simple growth economy to establish two key results regarding …nancial frictions and bubbles. First, …nancial frictions that limit borrowers’ ability to pledge their future ...
... we extended the analysis to an economy with credit, and argued that bubbles could be a source of collateral. Those papers used a simple growth economy to establish two key results regarding …nancial frictions and bubbles. First, …nancial frictions that limit borrowers’ ability to pledge their future ...
The Transmission of Monetary Policy Operations through
... from or control for the distributional e§ects they cause–and there is no accompanying fiscal policy that undoes them. Hence, to understand the e§ects of those interventions on activity, researchers need to take into account the potential impact of the redistribution caused by the policy interventio ...
... from or control for the distributional e§ects they cause–and there is no accompanying fiscal policy that undoes them. Hence, to understand the e§ects of those interventions on activity, researchers need to take into account the potential impact of the redistribution caused by the policy interventio ...
Economics Department (ECO)
... evolution of those structures and the laws they embody. Topics include: public choice, pollution, insurance and liability, and deregulation. Prerequisite: ECO 110. Offered Occasionally. ECO 440 Cr.3 International Financial Economics The economics of the international monetary system and financial tr ...
... evolution of those structures and the laws they embody. Topics include: public choice, pollution, insurance and liability, and deregulation. Prerequisite: ECO 110. Offered Occasionally. ECO 440 Cr.3 International Financial Economics The economics of the international monetary system and financial tr ...
Global Savings, Investments, and World Real
... interest rates across countries tend to move together. Indeed, the correlation between real interest rates suggests that there is a common global component to G–7 real interest rates that could be referred to as a world real interest rate.1 As Chart B1 also illustrates, however, real interest rates ...
... interest rates across countries tend to move together. Indeed, the correlation between real interest rates suggests that there is a common global component to G–7 real interest rates that could be referred to as a world real interest rate.1 As Chart B1 also illustrates, however, real interest rates ...
as a PDF
... Contrary to what Krugman writes, Classical economists did not argue for the market on efficiency grounds; rather they argued for the market on philosophical, practical, and common sense grounds—they saw the market as the least worst alternative for achieving the goals that they believed society felt ...
... Contrary to what Krugman writes, Classical economists did not argue for the market on efficiency grounds; rather they argued for the market on philosophical, practical, and common sense grounds—they saw the market as the least worst alternative for achieving the goals that they believed society felt ...
What is the Shape of the American Economy
... Before digging into the concepts and numbers, it must be recognized that “profits” are a most elusive concept. There are at least four important definitions – profits for accounting purposes, profits for tax purposes, profits as measured in the NIPA, and economic profits. The first three are widely ...
... Before digging into the concepts and numbers, it must be recognized that “profits” are a most elusive concept. There are at least four important definitions – profits for accounting purposes, profits for tax purposes, profits as measured in the NIPA, and economic profits. The first three are widely ...
Global Competency Thesis - DU Portfolio
... daunting scale. In order to establish the thesis that world conflicts and belief systems impact all other topics within global studies, the author first needed to establish that there exists a shortfall in current global competency and then hypothesize how best to correct that gap. It was important ...
... daunting scale. In order to establish the thesis that world conflicts and belief systems impact all other topics within global studies, the author first needed to establish that there exists a shortfall in current global competency and then hypothesize how best to correct that gap. It was important ...
Global Economic Prospects
... Major advanced economies are at different stages of their post-crisis recovery but are expected to stabilize around a weak growth trajectory (Figure 1.3). Rising or high public debt and monetary policy rates at or near the zero lower bound could reduce the effectiveness of counter-cyclical policies, ...
... Major advanced economies are at different stages of their post-crisis recovery but are expected to stabilize around a weak growth trajectory (Figure 1.3). Rising or high public debt and monetary policy rates at or near the zero lower bound could reduce the effectiveness of counter-cyclical policies, ...
Document
... • Asia Pacific: markets will continue to grow • Acquisition in Australia will make a solid contribution • The cost advantages realized will be retained • Focus remains on process efficiency and strengthening ...
... • Asia Pacific: markets will continue to grow • Acquisition in Australia will make a solid contribution • The cost advantages realized will be retained • Focus remains on process efficiency and strengthening ...
C ARE CREDIT BOOMS IN EMERGING MARKETS A CONCERN? CHAPTER IV
... associated with larger fluctuations in private absorption than output, because export firms tend to be larger and much less dependent on bank credit (Tornell and Westermann, 2003), credit and the current account balance in these economies would move in opposite directions. These possibly large fluct ...
... associated with larger fluctuations in private absorption than output, because export firms tend to be larger and much less dependent on bank credit (Tornell and Westermann, 2003), credit and the current account balance in these economies would move in opposite directions. These possibly large fluct ...
The Influence of IMF Programs on the Re
... yet governments that enter into programs appear to win elections. If entering an IMF program hurts electoral prospects, why do governments that enter into programs win re-election? If IMF programs increase the chances of re-election, why do so few countries participate in them before elections? My a ...
... yet governments that enter into programs appear to win elections. If entering an IMF program hurts electoral prospects, why do governments that enter into programs win re-election? If IMF programs increase the chances of re-election, why do so few countries participate in them before elections? My a ...
A Brookings Macroeconomic Forum DO BUDGET DEFICITS
... That effect--reduced national saving reduces national investment, which then reduces future capital income--occurs regardless of whether interest rates go up or not. The last point I want to make is that so far I've been talking about deficits in isolation. If you want to look at the effect of a pol ...
... That effect--reduced national saving reduces national investment, which then reduces future capital income--occurs regardless of whether interest rates go up or not. The last point I want to make is that so far I've been talking about deficits in isolation. If you want to look at the effect of a pol ...
1 United Nations
... perspectives about the impacts of, responses to, and lessons learned from the global financial crisis, by the countries of the region. These views reflect discussions during a series of high-level policy dialogues organized by the United Nations Economic and Social Commission for Asia and the Pacif ...
... perspectives about the impacts of, responses to, and lessons learned from the global financial crisis, by the countries of the region. These views reflect discussions during a series of high-level policy dialogues organized by the United Nations Economic and Social Commission for Asia and the Pacif ...
03/2015 The Impacts of the 2008 Global Financial Crisis most affected countries
... related to the positive global outlook after 2001.13 In general, the growth was fuelled by a mix of four ingredients: 1) high global demand, 2) exceptional financing, 3) high commodity prices and, 4) for a significant number of countries, large flows of remittances mainly resulting from the consumpt ...
... related to the positive global outlook after 2001.13 In general, the growth was fuelled by a mix of four ingredients: 1) high global demand, 2) exceptional financing, 3) high commodity prices and, 4) for a significant number of countries, large flows of remittances mainly resulting from the consumpt ...
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.