Slide 1
... growth story of, say, India, hence, the economic paradigm shift towards this region from other emerging markets ...
... growth story of, say, India, hence, the economic paradigm shift towards this region from other emerging markets ...
Capital Flows and Real Exchange Rates in Emerging Asian Countries
... market to slow the appreciation of the currency. To mitigate liquidity in domestic markets, local-currency bonds are issued to mop up liquidity from foreign exchange market intervention. In addition, central banks are still reluctant to raise policy rates even though inflation has begun to show an u ...
... market to slow the appreciation of the currency. To mitigate liquidity in domestic markets, local-currency bonds are issued to mop up liquidity from foreign exchange market intervention. In addition, central banks are still reluctant to raise policy rates even though inflation has begun to show an u ...
PDF
... positively. Also, where rising GDP causes behavioural change among consumers, such as switching to the consumption of non-food products, demand for food will decrease, and this will be outweighed by supply. As a result, food prices will fall. This will improve both food availability and accessibilit ...
... positively. Also, where rising GDP causes behavioural change among consumers, such as switching to the consumption of non-food products, demand for food will decrease, and this will be outweighed by supply. As a result, food prices will fall. This will improve both food availability and accessibilit ...
The Relative Price of Non-Traded Goods under Imperfect Competition
... converge as a consequence of the introduction of the euro and the single market, but inflation in the non-traded sector (services) has tended to be different between countries (see European Central Bank, 1999). The Balassa-Samuelson theory suggests that these inflation variations are explained by a ...
... converge as a consequence of the introduction of the euro and the single market, but inflation in the non-traded sector (services) has tended to be different between countries (see European Central Bank, 1999). The Balassa-Samuelson theory suggests that these inflation variations are explained by a ...
OECD ECONOMIC SURVEYS: ICELAND
... to allow the resumption of normal financial relations with foreign markets. If it were to become an EU member, Iceland would be advised to seek entry into the euro area as soon as possible, so as to reap the economic benefits. Past monetary policies based both on exchange rate and inflation targetin ...
... to allow the resumption of normal financial relations with foreign markets. If it were to become an EU member, Iceland would be advised to seek entry into the euro area as soon as possible, so as to reap the economic benefits. Past monetary policies based both on exchange rate and inflation targetin ...
NBER WORKING PAPER SERIES 1880-1913 vs. 1972-1997
... of the original sin condition, strong financial development and agile responsiveness to crises seem to play a role in helping avoid crises. In fact, we find evidence that countries with significant or full-blown original sin can be divided into two subgroups. For example in the pre-1914 period, one ...
... of the original sin condition, strong financial development and agile responsiveness to crises seem to play a role in helping avoid crises. In fact, we find evidence that countries with significant or full-blown original sin can be divided into two subgroups. For example in the pre-1914 period, one ...
The Round-the-Clock Market for US Treasury Securities
... Among their responsibilities, primary dealers are expected to participate meaningfully at auction, make reasonably good markets in their trading relationships with the Federal Reserve Bank of New York’s trading desk, and supply market information to the Fed. Formerly, primary dealers were also requi ...
... Among their responsibilities, primary dealers are expected to participate meaningfully at auction, make reasonably good markets in their trading relationships with the Federal Reserve Bank of New York’s trading desk, and supply market information to the Fed. Formerly, primary dealers were also requi ...
HNWI Asset Allocation in Argentina 2016 Brochure
... over 60,000 HNWIs from around the world. - With the wealth report as the foundation for our research and analysis, we are able obtain an unsurpassed level ofgranularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover. - Report includes ...
... over 60,000 HNWIs from around the world. - With the wealth report as the foundation for our research and analysis, we are able obtain an unsurpassed level ofgranularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover. - Report includes ...
Capital Account Liberalization as a Development Strategy for
... global growth in recent years.’ The IMF’s policies became also progressively informed on the principle of capital mobility. For instance, until the late 1990s, ‘the Fund … tended […] to welcome members’ actions taken to liberalize capital account transactions’, while it ‘generally discouraged’ the t ...
... global growth in recent years.’ The IMF’s policies became also progressively informed on the principle of capital mobility. For instance, until the late 1990s, ‘the Fund … tended […] to welcome members’ actions taken to liberalize capital account transactions’, while it ‘generally discouraged’ the t ...
Climate Policies Deserve a Negative Discount Rate
... The first is that market rates reflect the preferences of the population, so that it is undemocratic to propose using different rates. 28 The climate econormists 29 who propose using lower rates for climate policies are imposing their views on a population that appears to care less about the future ...
... The first is that market rates reflect the preferences of the population, so that it is undemocratic to propose using different rates. 28 The climate econormists 29 who propose using lower rates for climate policies are imposing their views on a population that appears to care less about the future ...
Working Paper 416 September 2015
... minerals and tourism show a positive association with the price level. A later study by AhecSonje and Nestic (2002) considers several potential determinants of PPPs, including the degree of economic liberalization and population size and density in addition to income, but again includes only a small ...
... minerals and tourism show a positive association with the price level. A later study by AhecSonje and Nestic (2002) considers several potential determinants of PPPs, including the degree of economic liberalization and population size and density in addition to income, but again includes only a small ...
Real Business Cycle Theory - Federal Reserve Bank of Cleveland
... wealth effect) and induce intertemporal substitution in labor supply, so that more labor is currently supplied in order to take advantage of the good investment opportunities. In addition, the utilization rate of existing capital rises to increase output and take advantage of these opportunities. Th ...
... wealth effect) and induce intertemporal substitution in labor supply, so that more labor is currently supplied in order to take advantage of the good investment opportunities. In addition, the utilization rate of existing capital rises to increase output and take advantage of these opportunities. Th ...
Dreher ge08 6483485 en
... policymakers, the IMF therefore enhances their ability to implement necessary reforms despite public opposition. When these reforms are successfully implemented, they should decrease the risk of a currency crisis in the future. To sum up, there are strong theoretical reasons to expect that IMF progr ...
... policymakers, the IMF therefore enhances their ability to implement necessary reforms despite public opposition. When these reforms are successfully implemented, they should decrease the risk of a currency crisis in the future. To sum up, there are strong theoretical reasons to expect that IMF progr ...
NBER Reporter Summary of My Commodity Research
... with an international macro setting. In this setting, a continuum of specialized goods producers whose production has complementarity---which emerges from their need to trade produced goods with each other---faces unobservable global economic strength and demands a key commodity, such as copper, as ...
... with an international macro setting. In this setting, a continuum of specialized goods producers whose production has complementarity---which emerges from their need to trade produced goods with each other---faces unobservable global economic strength and demands a key commodity, such as copper, as ...
Economic Outlook
... However, similar expectations have failed to materialise in the past, and this pattern could continue. Sustained quantitative easing in the euro area and Japan may prove less effective at stimulating demand than assumed. Weakness in the first quarter in the United States and in many EMEs may signal ...
... However, similar expectations have failed to materialise in the past, and this pattern could continue. Sustained quantitative easing in the euro area and Japan may prove less effective at stimulating demand than assumed. Weakness in the first quarter in the United States and in many EMEs may signal ...
CESifo Working Paper #1897
... expressed the fear that the anticipated increase in the number of national central bank governors attending euro area MPC meetings after EMU enlargement “will not necessarily make deliberations easier”. The trade-off between costs and benefits determining optimal MPC size is influenced by a number o ...
... expressed the fear that the anticipated increase in the number of national central bank governors attending euro area MPC meetings after EMU enlargement “will not necessarily make deliberations easier”. The trade-off between costs and benefits determining optimal MPC size is influenced by a number o ...
Natural Disasters: Mitigating Impact, Managing Risks
... provoked by the disaster itself, but by its consequences. For example, a factory not damaged by an earthquake may suffer “business interruptions” from extensive power outages in the months following. Indirect costs spread throughout the economy over time and affect investment, output, the fiscal and ...
... provoked by the disaster itself, but by its consequences. For example, a factory not damaged by an earthquake may suffer “business interruptions” from extensive power outages in the months following. Indirect costs spread throughout the economy over time and affect investment, output, the fiscal and ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... The coefficient for wage dispersion was consistently negative, as we expected, and statistically significant in the first two periods. The higher the degree of wage dispersion, the lower the overall price level. As in our earlier study, higher per capita GDP, indirect taxes, and protection of agricu ...
... The coefficient for wage dispersion was consistently negative, as we expected, and statistically significant in the first two periods. The higher the degree of wage dispersion, the lower the overall price level. As in our earlier study, higher per capita GDP, indirect taxes, and protection of agricu ...
Under Armour, Inc.
... statements regarding our future financial condition or results of operations, our prospects and strategies for future growth, the development and introduction of new products, the implementation of our marketing and branding strategies, and the future benefits and opportunities from acquisitions. In ...
... statements regarding our future financial condition or results of operations, our prospects and strategies for future growth, the development and introduction of new products, the implementation of our marketing and branding strategies, and the future benefits and opportunities from acquisitions. In ...
Macroeconomic Issues in Small States and
... states manage their exposure to natural disasters. These characteristics translate into a number of common macroeconomic features, such as high trade openness, high government wage bills, high levels of state intervention, a heavy reliance on trade tax revenues, and the frequent use of fixed exchang ...
... states manage their exposure to natural disasters. These characteristics translate into a number of common macroeconomic features, such as high trade openness, high government wage bills, high levels of state intervention, a heavy reliance on trade tax revenues, and the frequent use of fixed exchang ...
Introduction to Business
... Investing in Precious Gems Precious gems appeal to investors for the following reasons: Small size ...
... Investing in Precious Gems Precious gems appeal to investors for the following reasons: Small size ...
2014-III
... food products followed a moderate course on the back of the Turkish lira appreciation. Therefore, indicators for both the underlying inflation and the pricing behavior improved from the first quarter. The inflation outlook is expected to be governed mainly by the course of economic activity, exchang ...
... food products followed a moderate course on the back of the Turkish lira appreciation. Therefore, indicators for both the underlying inflation and the pricing behavior improved from the first quarter. The inflation outlook is expected to be governed mainly by the course of economic activity, exchang ...