THE ROLE OF INTEREST RATES IN BUSINESS CYCLE
... responses to cyclical disturbances, its lack of solid theoretical foundations makes it susceptible to the “Lucas critique”. In particular, policy analysis using reduced-form equations that fit the data but are only loosely tied to theory cannot, among other things, properly account for resulting shi ...
... responses to cyclical disturbances, its lack of solid theoretical foundations makes it susceptible to the “Lucas critique”. In particular, policy analysis using reduced-form equations that fit the data but are only loosely tied to theory cannot, among other things, properly account for resulting shi ...
Macroeconomic Indicators
... reaction to the US Federal Reserve's decision to keep interest rates unchanged. ...
... reaction to the US Federal Reserve's decision to keep interest rates unchanged. ...
Impactul socurilor structurale asupra ratei reale de
... • Blanchard, O. J., & Quah, D. (1989). The dynamic effects of aggregate demand and supply disturbances. American Economic Review, 79, 655−673. • Clarida, R., & Gali, J. (1994). Sources of real exchange rate fluctuations: How important are nominal shocks? Carnegie Rochester Series on Public Policy, 4 ...
... • Blanchard, O. J., & Quah, D. (1989). The dynamic effects of aggregate demand and supply disturbances. American Economic Review, 79, 655−673. • Clarida, R., & Gali, J. (1994). Sources of real exchange rate fluctuations: How important are nominal shocks? Carnegie Rochester Series on Public Policy, 4 ...
Interest rates - SMC Advisers, NSW, Australia, Accounting, Business
... This document has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. ‘Count’ and Count Wealth Accountants® are trading names of Count. Count advisers are authorised represen ...
... This document has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. ‘Count’ and Count Wealth Accountants® are trading names of Count. Count advisers are authorised represen ...
Aggregate demand
... • By noting the short-run equilibrium level in the output market for all levels of the nominal exchange rate we derive the DD schedule • Intuitively, the DD schedule allows us to see how short-run fluctuations in the nominal exchange rate impact aggregate domestic demand ...
... • By noting the short-run equilibrium level in the output market for all levels of the nominal exchange rate we derive the DD schedule • Intuitively, the DD schedule allows us to see how short-run fluctuations in the nominal exchange rate impact aggregate domestic demand ...
ECON8815
... Part VB of the Copyright Act 1968 (Cth). Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes of this fair dealing exception, students should be aware that the rule allowing copying, for fair dealing purposes, of 10% of the w ...
... Part VB of the Copyright Act 1968 (Cth). Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes of this fair dealing exception, students should be aware that the rule allowing copying, for fair dealing purposes, of 10% of the w ...
Financial markets in popular culture
... Analysis of financial markets See Statistical analysis of financial markets, statistical finance Much effort has gone into the study of financial markets and how prices vary with time. Charles Dow, one of the founders of Dow Jones & Company and The Wall Street Journal, enunciated a set of ideas on t ...
... Analysis of financial markets See Statistical analysis of financial markets, statistical finance Much effort has gone into the study of financial markets and how prices vary with time. Charles Dow, one of the founders of Dow Jones & Company and The Wall Street Journal, enunciated a set of ideas on t ...
Alessio Anzuini, Martina Cecioni and
... Note: The short-term interest rate is the 3-month Euribor for the ...
... Note: The short-term interest rate is the 3-month Euribor for the ...
R i - Faculty Personal Web Page Listings
... Hedge Funds Hedge fund advisors typically receive a management fee, often 1-2 percent of the fund asset value, as compensation plus a performance fee that can be 2025 percent of capital appreciation. Investors may not be allowed to liquidate their investments during a certain lock-up period. I ...
... Hedge Funds Hedge fund advisors typically receive a management fee, often 1-2 percent of the fund asset value, as compensation plus a performance fee that can be 2025 percent of capital appreciation. Investors may not be allowed to liquidate their investments during a certain lock-up period. I ...
THE POLITICAL ECONOMY OF INTERNATIONAL INSTITUTION
... The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers (who meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva). Decisions are ...
... The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers (who meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva). Decisions are ...
A Macroeconomic Theory of the Open Economy
... • The real exchange rate adjusts to balance the supply and demand for dollars. • At the equilibrium real exchange rate, the demand for dollars to buy net exports exactly balances the supply of dollars to be exchanged into foreign currency to buy assets abroad. • For example, if the US has a trade s ...
... • The real exchange rate adjusts to balance the supply and demand for dollars. • At the equilibrium real exchange rate, the demand for dollars to buy net exports exactly balances the supply of dollars to be exchanged into foreign currency to buy assets abroad. • For example, if the US has a trade s ...
Slides from the press conference
... Real repo rate Forecast, real repo rate, M PR 2008:2 Forecast, real repo rate, M PU April 2008 Nominal repo rate Forecast, nominal repo rate, M PU April 2008 Forecast, nominal repo rate, M PR 2008:2 ...
... Real repo rate Forecast, real repo rate, M PR 2008:2 Forecast, real repo rate, M PU April 2008 Nominal repo rate Forecast, nominal repo rate, M PU April 2008 Forecast, nominal repo rate, M PR 2008:2 ...
A SINGLE CURRENCY FOR THE PACIFIC ISLAND COUNTRIES: A STEPWISE APPROACH
... Vol. 11, No. 1, June 2004 ...
... Vol. 11, No. 1, June 2004 ...
17.1 Introduction 17.2 Income Determination in a Closed Economy
... It tends to reduce prices in the deficit nation relative to the surplus nation, further improving the trade balance of the deficit nation. The automatic monetary –price adjustment mechanism could by itself eliminate the nation’s trade deficit and unemployment, but only in the long run ...
... It tends to reduce prices in the deficit nation relative to the surplus nation, further improving the trade balance of the deficit nation. The automatic monetary –price adjustment mechanism could by itself eliminate the nation’s trade deficit and unemployment, but only in the long run ...
PDF
... these developments: the U.S. dollar had become overvalued in the early 1950s and overvaluation had depressed agricultural prices and exports. This had led to a socially inefficient undervaluation of agricultural resources; it had induced even more technical change, thus aggravating what would have b ...
... these developments: the U.S. dollar had become overvalued in the early 1950s and overvaluation had depressed agricultural prices and exports. This had led to a socially inefficient undervaluation of agricultural resources; it had induced even more technical change, thus aggravating what would have b ...
Exchange rate and price dynamics in a small open economy
... banks in industrialised countries found themselves confronted with the zero lower bound on nominal interest rates (ZLB). As a consequence, these central banks were unable to respond to further contractionary shocks using their traditional monetary policy instrument of short-term interest rates (Jord ...
... banks in industrialised countries found themselves confronted with the zero lower bound on nominal interest rates (ZLB). As a consequence, these central banks were unable to respond to further contractionary shocks using their traditional monetary policy instrument of short-term interest rates (Jord ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... Capital flight has become a worrisome phenomenon in the Nigerian economy. Apart from its effects on domestic’s investment and capital formation, there are other effects on the external sector of the economy. This study attempted to investigate the effect of capital flight on the real exchange rate o ...
... Capital flight has become a worrisome phenomenon in the Nigerian economy. Apart from its effects on domestic’s investment and capital formation, there are other effects on the external sector of the economy. This study attempted to investigate the effect of capital flight on the real exchange rate o ...
PDF - Department of Economics
... theory of inflation. According to the structuralist view, inflation has its origins in the supply side. In that sense, excess demand caused by fiscal deficits is irrelevant. In particular, the inelasticity of food supply that results from the concentrated structure of land ownership is seen as the m ...
... theory of inflation. According to the structuralist view, inflation has its origins in the supply side. In that sense, excess demand caused by fiscal deficits is irrelevant. In particular, the inelasticity of food supply that results from the concentrated structure of land ownership is seen as the m ...
chapter 1: the singapore economy
... Singapore is an open economy with total trade more than 3 times its GDP. In value terms, Singapore’s non-oil domestic exports (NODX) are around 70 per cent Singapore’s GDP. Historically, the performance of Singapore’s NODX has shown a high degree of correlation with economic performance, and in part ...
... Singapore is an open economy with total trade more than 3 times its GDP. In value terms, Singapore’s non-oil domestic exports (NODX) are around 70 per cent Singapore’s GDP. Historically, the performance of Singapore’s NODX has shown a high degree of correlation with economic performance, and in part ...
the volatility of somalia`s unregulated exchange rates
... (Somali Shilling) had very strong value but Somali shilling started to depreciate after 1980s and its value reached to a very low level. Somalia’s central government collapsed in 1990 following three decades of stability. Following the collapse of the government, the national currency continued to c ...
... (Somali Shilling) had very strong value but Somali shilling started to depreciate after 1980s and its value reached to a very low level. Somalia’s central government collapsed in 1990 following three decades of stability. Following the collapse of the government, the national currency continued to c ...
understanding exchange rate volatility without the contrivance of
... celebrated case for ¯exible exchange rates, Friedman (1953) argued: `. . . instability of exchange rates is a symptom of instability in the underlying economic structure . . . a ¯exible exchange rate need not be an unstable exchange rate. If it is, it is primarily because there is underlying instabi ...
... celebrated case for ¯exible exchange rates, Friedman (1953) argued: `. . . instability of exchange rates is a symptom of instability in the underlying economic structure . . . a ¯exible exchange rate need not be an unstable exchange rate. If it is, it is primarily because there is underlying instabi ...
Answers to Chapter 23 Questions
... options markets, thereby affording the FI greater liquidity. This may be a result of the regulatory environment. Financial futures options are regulated by the CFTC while cash market options are regulated by the SEC. To the extent that the CFTC is perceived by FIs to be less strict than its SEC coun ...
... options markets, thereby affording the FI greater liquidity. This may be a result of the regulatory environment. Financial futures options are regulated by the CFTC while cash market options are regulated by the SEC. To the extent that the CFTC is perceived by FIs to be less strict than its SEC coun ...
S03141_en.pdf
... These cases constitute the so-called “hard peg” regimes. Dollarisation is the most radical regime within this policy category (Calvo, 2000). Even though the major reason for implementing a fixed exchange rate regime has been to control the inflation rate, in many cases this type of regime has also b ...
... These cases constitute the so-called “hard peg” regimes. Dollarisation is the most radical regime within this policy category (Calvo, 2000). Even though the major reason for implementing a fixed exchange rate regime has been to control the inflation rate, in many cases this type of regime has also b ...
Monetary policy in Vietnam: the case of a transition country
... 2005, the Vietnamese bond market – including government as well as corporate bonds – accounted for 3.8% of the previous year’s GDP. In comparison, the ratio for South Korea is 26% and for Thailand 13.5% of GDP. Interest by investors in auctions of government securities has been declining over the la ...
... 2005, the Vietnamese bond market – including government as well as corporate bonds – accounted for 3.8% of the previous year’s GDP. In comparison, the ratio for South Korea is 26% and for Thailand 13.5% of GDP. Interest by investors in auctions of government securities has been declining over the la ...