PDF
... In the forthcoming synthesis volume and in the individual country studies, the effects of these large tax equivalents on agriculture in the countries concerned are analysed. Here, the focus is on one of the interesting political economy puzzles that emerges from analysis of the findings. The interes ...
... In the forthcoming synthesis volume and in the individual country studies, the effects of these large tax equivalents on agriculture in the countries concerned are analysed. Here, the focus is on one of the interesting political economy puzzles that emerges from analysis of the findings. The interes ...
Failing Institutions Are at the Core of the Euro
... further testament to the riskiness of joining the currency union. As a result, many are skeptical of the euro and the EU. The other factor that makes the euro zone a costly and dangerous risk is that the “euro zone is lacking in the support of ‘institutional paraphernalia’ as well as mutual bonds of ...
... further testament to the riskiness of joining the currency union. As a result, many are skeptical of the euro and the EU. The other factor that makes the euro zone a costly and dangerous risk is that the “euro zone is lacking in the support of ‘institutional paraphernalia’ as well as mutual bonds of ...
Level of the Real Exchange Rate and Endogenous Elasticities
... devaluations and economics growth1. The view that traditional growth theories do not give the real exchange rate its proper role as one of the possible engines of growth is supported by authors such as Rodrik2 (2008) and Eichengreen (2008). While the former considers that this link is not explicitly ...
... devaluations and economics growth1. The view that traditional growth theories do not give the real exchange rate its proper role as one of the possible engines of growth is supported by authors such as Rodrik2 (2008) and Eichengreen (2008). While the former considers that this link is not explicitly ...
Notes2eng_en.pdf
... continues to manifest itself in both the trade and financial spheres. Governments also face difficult macroeconomic decisions, obliged to choose between raising interest rates, in order to protect exchange rates and guard against any inflationary setbacks, and devaluing the currency in order to main ...
... continues to manifest itself in both the trade and financial spheres. Governments also face difficult macroeconomic decisions, obliged to choose between raising interest rates, in order to protect exchange rates and guard against any inflationary setbacks, and devaluing the currency in order to main ...
NBER WORKING PAPER SERIES RESULTS FROM A STRUCTURAL MODEL
... just like that, can function well if there is not something like a common money.”10 In 1991, former Prime Minister Edward Heath said that “any economist” would say that that once the European Union became a single market (in 1992), “there was no alternative to a single currency.”11 These positions, ...
... just like that, can function well if there is not something like a common money.”10 In 1991, former Prime Minister Edward Heath said that “any economist” would say that that once the European Union became a single market (in 1992), “there was no alternative to a single currency.”11 These positions, ...
Final version
... which implies that, after the occurrence of external shocks or, alternatively, after observing the effects of shocks on inflation, the central bank modifies the nominal interest rate to minimise social losses. We assume a traditional aggregate supply function in which domestic ou ...
... which implies that, after the occurrence of external shocks or, alternatively, after observing the effects of shocks on inflation, the central bank modifies the nominal interest rate to minimise social losses. We assume a traditional aggregate supply function in which domestic ou ...
Navigation - Zentrum für Europäische Integrationsforschung
... policies would tend to end up in disputes between countries. It is, therefore, of utmost importance to foster the emergence of a genuine European professional discussion on major economic policy issues. The purpose of the Deutsch-Französisches Wirtschaftspolitisches Forum/ Forum économique francoall ...
... policies would tend to end up in disputes between countries. It is, therefore, of utmost importance to foster the emergence of a genuine European professional discussion on major economic policy issues. The purpose of the Deutsch-Französisches Wirtschaftspolitisches Forum/ Forum économique francoall ...
Media Release
... These recommendations relate to the heat value variance. If approved as requested, there would very likely be an unwarranted increase in the existing Gas Cost Variance Account which is used to recover or refund all differences in the commodity rate charged. This would mean customers would pay less ...
... These recommendations relate to the heat value variance. If approved as requested, there would very likely be an unwarranted increase in the existing Gas Cost Variance Account which is used to recover or refund all differences in the commodity rate charged. This would mean customers would pay less ...
G97/4 Current account and exchange rate behaviour economy
... it) to the vector of state variables. The first term of equation (8) is the expected deviation of the forecast of foreign inflation - in practice, averaged over the next three years - and the midpoint of the inflation target band. The second term represents the fact that the RBNZ is not indifferent ...
... it) to the vector of state variables. The first term of equation (8) is the expected deviation of the forecast of foreign inflation - in practice, averaged over the next three years - and the midpoint of the inflation target band. The second term represents the fact that the RBNZ is not indifferent ...
A Guide to Your Market Linked CD Value
... In the last decade, an increasing number of investors1 have used Market Linked CDs (MLCDs) as an investment tool that may help address common wealth management objectives such as capital preservation, conservative growth and income generation, all while providing the comfort of FDIC insurance* (up t ...
... In the last decade, an increasing number of investors1 have used Market Linked CDs (MLCDs) as an investment tool that may help address common wealth management objectives such as capital preservation, conservative growth and income generation, all while providing the comfort of FDIC insurance* (up t ...
Franklin U.S. Dollar Liquid Reserve Fund - A (acc) USD
... Investment Funds SICAV (the Fund). Nothing in this document should be construed as investment advice. Given the rapidly changing market environment, Franklin Templeton Investments disclaim responsibility for updating this material. Subscriptions to shares of the Fund can only be made on the basis of ...
... Investment Funds SICAV (the Fund). Nothing in this document should be construed as investment advice. Given the rapidly changing market environment, Franklin Templeton Investments disclaim responsibility for updating this material. Subscriptions to shares of the Fund can only be made on the basis of ...
Monetary Policy Report. May 2016
... macroeconomic restructuring that is currently under way. The Central Bank will continue to monitor the macroeconomic situation, using its instruments with flexibility to achieve its inflation target of an annual 5%. ...
... macroeconomic restructuring that is currently under way. The Central Bank will continue to monitor the macroeconomic situation, using its instruments with flexibility to achieve its inflation target of an annual 5%. ...
Purchasing-Power Parity
... thereby take more interest in the product / concept. In a nutshell, Professor Simply Simple lessons should be seen from the perspective of it being a primer on financial concepts. The contents are topical in nature and held true at the time of creation of the lesson. This is not indicative of future ...
... thereby take more interest in the product / concept. In a nutshell, Professor Simply Simple lessons should be seen from the perspective of it being a primer on financial concepts. The contents are topical in nature and held true at the time of creation of the lesson. This is not indicative of future ...
Schedule
... (2) Exchange rate. (3) Political intervention. Recent trends in the price paid to farmers for milksolids have had a greater effect on the supply of milk than either the exchange rate or political intervention. Farmers are very responsive to farm gate prices. Dairy farmers have a number of options to ...
... (2) Exchange rate. (3) Political intervention. Recent trends in the price paid to farmers for milksolids have had a greater effect on the supply of milk than either the exchange rate or political intervention. Farmers are very responsive to farm gate prices. Dairy farmers have a number of options to ...
international financial crises
... wit and the speed of his mind make him an exciting and formidable presence, Rudi is one of the finest polemicists in the profession. He seems to take as his leitmotif a statement of Keynes "Words ought to be a little wild for they are the assault of thoughts on the unthinking” – and no one could acc ...
... wit and the speed of his mind make him an exciting and formidable presence, Rudi is one of the finest polemicists in the profession. He seems to take as his leitmotif a statement of Keynes "Words ought to be a little wild for they are the assault of thoughts on the unthinking” – and no one could acc ...
Assessment Schedule – 2011
... (2) Exchange rate. (3) Political intervention. Recent trends in the price paid to farmers for milksolids have had a greater effect on the supply of milk than either the exchange rate or political intervention. Farmers are very responsive to farm gate prices. Dairy farmers have a number of options to ...
... (2) Exchange rate. (3) Political intervention. Recent trends in the price paid to farmers for milksolids have had a greater effect on the supply of milk than either the exchange rate or political intervention. Farmers are very responsive to farm gate prices. Dairy farmers have a number of options to ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... per year. The slowdown was also present in the nontraded sector, whose output’s growth was reduced yet remained positive at 3.4% per year. Interestingly, the program was followed initially by a rise in both total factor productivity and labor productivity relative to their levels prior to stabilizat ...
... per year. The slowdown was also present in the nontraded sector, whose output’s growth was reduced yet remained positive at 3.4% per year. Interestingly, the program was followed initially by a rise in both total factor productivity and labor productivity relative to their levels prior to stabilizat ...
Buyside Traders Want SEC to Press Exchanges and Dark Pools for
... disclosure process would certainly help. Comparing and contrasting existing disclosures and then challenging any differences among providers is cumbersome and time consuming. There are a few providers who offer their own standardized ‘checklist’ for wider dissemination; but again, this lack of stand ...
... disclosure process would certainly help. Comparing and contrasting existing disclosures and then challenging any differences among providers is cumbersome and time consuming. There are a few providers who offer their own standardized ‘checklist’ for wider dissemination; but again, this lack of stand ...
the short-term effect of economic releases on the exchange rate
... prices and fundamentals, researchers have been strongly motivated to suggest otherwise. Indeed, a remarkably comprehensive literature on the topic has emerged. In earlier research, several authors examined the response of exchange rates to macroeconomic announcements using monthly or semi-annual dat ...
... prices and fundamentals, researchers have been strongly motivated to suggest otherwise. Indeed, a remarkably comprehensive literature on the topic has emerged. In earlier research, several authors examined the response of exchange rates to macroeconomic announcements using monthly or semi-annual dat ...
DP2006/04 Other stabilisation objectives within an inflation targeting regime: Some stochastic
... The methodology we adopt has been used before to assess alternative policy reaction functions in large scale macroeconomic models, in both Canada (Black, Macklem and Rose 1997) and New Zealand (for example, Conway et al 1999). These studies tend to demonstrate a trade-off between inflation, output a ...
... The methodology we adopt has been used before to assess alternative policy reaction functions in large scale macroeconomic models, in both Canada (Black, Macklem and Rose 1997) and New Zealand (for example, Conway et al 1999). These studies tend to demonstrate a trade-off between inflation, output a ...
WHY SO LATE? WHY
... to mature in old age, and spawned inefficiencies throughout the economy. The positive examples were the East Asian tigers (South Korea, Taiwan, Singapore and Hong Kong), where the early administration of outward oriented policies ...
... to mature in old age, and spawned inefficiencies throughout the economy. The positive examples were the East Asian tigers (South Korea, Taiwan, Singapore and Hong Kong), where the early administration of outward oriented policies ...