Op-Ed
... And Keynes considered it a very bad idea to let such markets, in which speculators spent their time chasing one another’s tails, dictate important business decisions: “When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” By ...
... And Keynes considered it a very bad idea to let such markets, in which speculators spent their time chasing one another’s tails, dictate important business decisions: “When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” By ...
How Did Economists Get It So Wrong?
... In the 1930s, financial markets, for obvious reasons, didn‟t get much respect. Keynes compared them to “those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corres ...
... In the 1930s, financial markets, for obvious reasons, didn‟t get much respect. Keynes compared them to “those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corres ...
Japanese Economy A 2011 Fall
... which reduces long-run economic growth. • And in extreme cases, rising debt may lead to government default, resulting in economic and financial turmoil. • Can’t a government that has trouble borrowing just print money to pay its bills? • Yes, it can, but this leads to another problem: inflation. Jap ...
... which reduces long-run economic growth. • And in extreme cases, rising debt may lead to government default, resulting in economic and financial turmoil. • Can’t a government that has trouble borrowing just print money to pay its bills? • Yes, it can, but this leads to another problem: inflation. Jap ...
The Balance of Payments Adjustment Process in Taiwan, Republic of China Fai-nan Perng*
... percentage points will come from net exports. Our economic growth has shifted gear from foreign demand to domestic demand, giving evidence that the adjustment of external imbalances has been effective. For the sources of our economic growth, see table 2. We understand that there is still much room f ...
... percentage points will come from net exports. Our economic growth has shifted gear from foreign demand to domestic demand, giving evidence that the adjustment of external imbalances has been effective. For the sources of our economic growth, see table 2. We understand that there is still much room f ...
Economics 553: International Monetary Theory and Policy I
... A two-course sequence is offered on the material to be covered by this general exam. The sequence consists of Economics 553 (fall) and 554 (spring). Each of these courses may also be taken individually as an elective. The sequence is mainly designed for graduate students wishing to specialize in Int ...
... A two-course sequence is offered on the material to be covered by this general exam. The sequence consists of Economics 553 (fall) and 554 (spring). Each of these courses may also be taken individually as an elective. The sequence is mainly designed for graduate students wishing to specialize in Int ...
Macroeconomics Lectures Stephen Jay Silver, Ph.D. The Citadel
... b. This group is very heterodox with all kinds of varying views, many of which can hardly be called Keynesian at all I will present several of these views in this lecture ...
... b. This group is very heterodox with all kinds of varying views, many of which can hardly be called Keynesian at all I will present several of these views in this lecture ...
The state`s role in the economy after a crisis – the rationale behind it
... all to its pre-shock levels. One may argue, that given the stimulus packages launched shortly after the crisis eruption many governments adopted a neo-Keynesian approach (Pontusson, Raess, 2012; Vail, 2014). However, since tax cuts were more popular than rising public spending, scholars labelled suc ...
... all to its pre-shock levels. One may argue, that given the stimulus packages launched shortly after the crisis eruption many governments adopted a neo-Keynesian approach (Pontusson, Raess, 2012; Vail, 2014). However, since tax cuts were more popular than rising public spending, scholars labelled suc ...
Flexibility in Monetary Policy Hakan Kara
... • The Central Bank of Turkey has formulated and implemented a more flexible strategy to address challenges posed by heightened global uncertainty and the ensuing volatility in cross border capital flows. ...
... • The Central Bank of Turkey has formulated and implemented a more flexible strategy to address challenges posed by heightened global uncertainty and the ensuing volatility in cross border capital flows. ...
Lenders of Last Resort in a Globalized World
... indication of the trends in repressive regulations concerning the capital account, the domestic financial system, and stock markets. The second of these measures is concerned primarily with banks and the presence of interest-rate restrictions and direct government allocation of credit. In particular ...
... indication of the trends in repressive regulations concerning the capital account, the domestic financial system, and stock markets. The second of these measures is concerned primarily with banks and the presence of interest-rate restrictions and direct government allocation of credit. In particular ...
PowerPoint-presentation
... in the global economy started between the second and fourth quarters of 2009. Fiscal policy became increasingly expansive as a result of automatic stabilisers and stimulus measures. The economy made the clearest recovery in Asia, partly as a consequence of demand in China being maintained by central ...
... in the global economy started between the second and fourth quarters of 2009. Fiscal policy became increasingly expansive as a result of automatic stabilisers and stimulus measures. The economy made the clearest recovery in Asia, partly as a consequence of demand in China being maintained by central ...
Global crisis – an opportunity for completion of structural changes
... But the good times didn't last. The global crisis hit in 2007 and deepened in 2008. First, this crisis started in the rich, development world, because it originated in the world’s largest economy, will have a much broader and deeper impact. Second, precisely because this is first and foremost a fina ...
... But the good times didn't last. The global crisis hit in 2007 and deepened in 2008. First, this crisis started in the rich, development world, because it originated in the world’s largest economy, will have a much broader and deeper impact. Second, precisely because this is first and foremost a fina ...
Economic Systems - Bibb County Public School District
... •(factories, machinery, and technology) ...
... •(factories, machinery, and technology) ...
Mauritius at another Inflection point
... (a) Export more (especially high-value services) (b) Entrench itself in new markets (c) Exploit marine resources more rapidly and efficiently (d) Transforming economy to adjust more effectively to a ...
... (a) Export more (especially high-value services) (b) Entrench itself in new markets (c) Exploit marine resources more rapidly and efficiently (d) Transforming economy to adjust more effectively to a ...
THE STRENGTHENING OF THE LOTI AGAINST MAJOR
... Greece and weak labour market conditions with stubbornly high unemployment rates in Spain and Ireland. After dipping into recession in the fourth quarter of 2009, Euro area began growing moderately at the rate of 0.2 per cent in the first quarter of 2010 to 0.4 per cent in the third quarter. Howeve ...
... Greece and weak labour market conditions with stubbornly high unemployment rates in Spain and Ireland. After dipping into recession in the fourth quarter of 2009, Euro area began growing moderately at the rate of 0.2 per cent in the first quarter of 2010 to 0.4 per cent in the third quarter. Howeve ...
FRBSF L CONOMIC
... have based their growth strategies on exports. This has led to high trade growth and given these countries an increased share of world trade (IMF 2007). Much of this growth has resulted from increased trade with regional partners. This regional trade growth reflects the fact that different countries ...
... have based their growth strategies on exports. This has led to high trade growth and given these countries an increased share of world trade (IMF 2007). Much of this growth has resulted from increased trade with regional partners. This regional trade growth reflects the fact that different countries ...
The global financial crisis and its potential impact for
... The impact of the crisis on developing countries, particularly the most vulnerable; The importance of the MDGs, the development assistance commitments the participants have made Urge both developed and emerging countries to undertake commitments consistent with their capacities and roles in th ...
... The impact of the crisis on developing countries, particularly the most vulnerable; The importance of the MDGs, the development assistance commitments the participants have made Urge both developed and emerging countries to undertake commitments consistent with their capacities and roles in th ...
Presentation to the Bay Area Council 2006 Outlook Conference
... could surprise us in either direction. In other words, instead of the significant moderation I’ve built into my forecast, house price appreciation could either slow much more than I expect, or it could continue at its current pace. If it slows much faster—or, worse yet, reverses course—the impact co ...
... could surprise us in either direction. In other words, instead of the significant moderation I’ve built into my forecast, house price appreciation could either slow much more than I expect, or it could continue at its current pace. If it slows much faster—or, worse yet, reverses course—the impact co ...
e- Brasil States Peter Knight
... (using 1991- 2003 average growth rates) Trillions of 1995 international $ ...
... (using 1991- 2003 average growth rates) Trillions of 1995 international $ ...
On emerging markets decoupling and growth convergence
... exceptions, emerging markets have been exhibiting growth outperformance that, according to most analysts’ forecasts, will continue (and possibly deepen) in the next few years (Figure 2). Sensitivity to global shocks is a key aspect of decoupling in terms of the risk associated with EM assets, which ...
... exceptions, emerging markets have been exhibiting growth outperformance that, according to most analysts’ forecasts, will continue (and possibly deepen) in the next few years (Figure 2). Sensitivity to global shocks is a key aspect of decoupling in terms of the risk associated with EM assets, which ...
The rising tide of service exports
... A more robust growth picture has helped the US private and public sector deleverage Japan started the first quarter of the year on a positive faster. The latter is expected to pay down a portion of its national debt (c.US$ 35bn) this note, growing by 0.9%. This was driven by a rebound on year for th ...
... A more robust growth picture has helped the US private and public sector deleverage Japan started the first quarter of the year on a positive faster. The latter is expected to pay down a portion of its national debt (c.US$ 35bn) this note, growing by 0.9%. This was driven by a rebound on year for th ...
How Did Economists Get It So Wrong? By PAUL KRUGMAN
... In the 1930s, financial markets, for obvious reasons, didn’t get much respect. Keynes compared them to “those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly cor ...
... In the 1930s, financial markets, for obvious reasons, didn’t get much respect. Keynes compared them to “those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly cor ...
The situation of Emerging Market Economies
... but continues to be the main engine of inflows due to its resilience, averaging more than 150 m.m.$ since 1996 Cross-border banking flows end their protracted retrenchment initiated after the Asian crises. It is precisely Asia which benefits most. Porfolio flows , on the contrary, continue their ...
... but continues to be the main engine of inflows due to its resilience, averaging more than 150 m.m.$ since 1996 Cross-border banking flows end their protracted retrenchment initiated after the Asian crises. It is precisely Asia which benefits most. Porfolio flows , on the contrary, continue their ...
To view this press release as a file
... well as to reinforce the policy of narrowing gaps and integrate various population groups in the labor market. We can go back and talk about these problems and challenges, which have certainly not been solved in one year, this year as well. But this time, I would like to expand the discussion on th ...
... well as to reinforce the policy of narrowing gaps and integrate various population groups in the labor market. We can go back and talk about these problems and challenges, which have certainly not been solved in one year, this year as well. But this time, I would like to expand the discussion on th ...
Monetary policy and asset prices
... Goodhart and Hoffman (2000) have presented evidence that that asset prices contain useful information about future demand conditions and that ignoring asset prices may give rise to considerable biases in empirical models used for the analysis of monetary policy. ...
... Goodhart and Hoffman (2000) have presented evidence that that asset prices contain useful information about future demand conditions and that ignoring asset prices may give rise to considerable biases in empirical models used for the analysis of monetary policy. ...
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.