George J. Stigler Center for the Study of the Economy and the State
... scares and crises, and consequential national elections. Policy uncertainty shoots upward around these events, and typically falls back down within a few months. The experience since January 2008 is distinctive, however, in that policy uncertainty rose sharply and stayed at high levels. The last two ...
... scares and crises, and consequential national elections. Policy uncertainty shoots upward around these events, and typically falls back down within a few months. The experience since January 2008 is distinctive, however, in that policy uncertainty rose sharply and stayed at high levels. The last two ...
Has Economic Policy Uncertainty Hampered the Recovery? BFI Working Paper Series No. 2012-003
... scares and crises, and consequential national elections. Policy uncertainty shoots upward around these events, and typically falls back down within a few months. The experience since January 2008 is distinctive, however, in that policy uncertainty rose sharply and stayed at high levels. The last two ...
... scares and crises, and consequential national elections. Policy uncertainty shoots upward around these events, and typically falls back down within a few months. The experience since January 2008 is distinctive, however, in that policy uncertainty rose sharply and stayed at high levels. The last two ...
Documento de Trabajo N° 14: Las Pensiones en el nuevo Sistema
... foregoing longevity and investment insurance, which they get through the MPG, so they have no incentive to annuitize. In contrast, those with large accumulations must annuitize to acquire a meaningful amount of insurance—which they do. They are also more likely to meet the regulatory pre-conditions ...
... foregoing longevity and investment insurance, which they get through the MPG, so they have no incentive to annuitize. In contrast, those with large accumulations must annuitize to acquire a meaningful amount of insurance—which they do. They are also more likely to meet the regulatory pre-conditions ...
Commercial Risk Europe
... This is because it places restrictions on the types of captives that will be allowed to use simplifications to calculate their solvency capital requirements. This goes against the principle of proportionality for captive insurance and reinsurance undertakings as called for in the Solvency II Directi ...
... This is because it places restrictions on the types of captives that will be allowed to use simplifications to calculate their solvency capital requirements. This goes against the principle of proportionality for captive insurance and reinsurance undertakings as called for in the Solvency II Directi ...
Payment, clearing and settlement systems in Brazil
... Furthermore, a new rule was introduced concerning the accounts that financial institutions hold at the BCB: since 2002, overdrafts have no longer been permitted.3 Hence, a funds transfer between two settlement accounts is allowed only if there are sufficient funds on the account of the remitting ins ...
... Furthermore, a new rule was introduced concerning the accounts that financial institutions hold at the BCB: since 2002, overdrafts have no longer been permitted.3 Hence, a funds transfer between two settlement accounts is allowed only if there are sufficient funds on the account of the remitting ins ...
US-CT-APP-FC, [93-1 USTC ¶50,160], Ocean
... (Mentor), a wholly-owned subsidiary of ODECO, constituted true insurance premiums that are deductible as business expenses under section 162 of the Internal Revenue Code of 1954, as amended (IRC), 2 and (2) if properly classified as insurance premiums, whether Mentor’s income from insuring the drill ...
... (Mentor), a wholly-owned subsidiary of ODECO, constituted true insurance premiums that are deductible as business expenses under section 162 of the Internal Revenue Code of 1954, as amended (IRC), 2 and (2) if properly classified as insurance premiums, whether Mentor’s income from insuring the drill ...
Understanding Your Choices - FieldNet
... Analysts Journal, May/June 1991. The study analyzed data from 82 large corporate pension plans with assets of at least $100 million over a 10-year period beginning in 1977 and concluded that asset allocation policy explained, on average, 91.5% of variation in total plan return over time. This is the ...
... Analysts Journal, May/June 1991. The study analyzed data from 82 large corporate pension plans with assets of at least $100 million over a 10-year period beginning in 1977 and concluded that asset allocation policy explained, on average, 91.5% of variation in total plan return over time. This is the ...
Federalism and Insurance Regulation: Basic Source Materials
... be adjufled and fettled by the prefident and direcCtors, and the fame fhall be binding on the company. SE~. 7. Be itfurttser enaFted, That it fhall be the duty of the direcCtors on the firfl Tuefday of July and January, in every year, to make dividends of fo much of the interefl arifing from the cap ...
... be adjufled and fettled by the prefident and direcCtors, and the fame fhall be binding on the company. SE~. 7. Be itfurttser enaFted, That it fhall be the duty of the direcCtors on the firfl Tuefday of July and January, in every year, to make dividends of fo much of the interefl arifing from the cap ...
I reviewed again the PPM Section II
... From time to time, students have requested that they receive college credits instead of wage for working at YAP. This policy is intended to assure that all such requests are handled in fair and consistent fashion. POLICY Absent special circumstances and a written agreement to the contrary, YAP inter ...
... From time to time, students have requested that they receive college credits instead of wage for working at YAP. This policy is intended to assure that all such requests are handled in fair and consistent fashion. POLICY Absent special circumstances and a written agreement to the contrary, YAP inter ...
Egypt`s Monetary Policy Regime - COMESA Monetary Institute (CMI)
... to inflation. The figure is from the Bank of England (2012) as it embodies the MPD’s view, which is also in line with the transmission mechanism published by many central banks. ...
... to inflation. The figure is from the Bank of England (2012) as it embodies the MPD’s view, which is also in line with the transmission mechanism published by many central banks. ...
HOW STOCKBROKERS COULD REDUCE THEIR
... any scrip which cannot immediately be delivered to another broker or to a buying client, who has paid for the scrip, by delivering the scrip to a Clearing House, hereafter called Broker 88. Delivery is made using the normal Settlement System by means of a Return Delivery Slip. The broker making the ...
... any scrip which cannot immediately be delivered to another broker or to a buying client, who has paid for the scrip, by delivering the scrip to a Clearing House, hereafter called Broker 88. Delivery is made using the normal Settlement System by means of a Return Delivery Slip. The broker making the ...
Corporate Catastrophes, Stock Returns, and Trading Volume
... in their market value, hence the inclusion of IMPACT. If, however, the ®rm is compensated ®nancially for the direct loss by the commercial insurance market, it is possible that the market will adopt a more lenient stance, hence INSURANCE as a variable. The class of loss may play a role also in the m ...
... in their market value, hence the inclusion of IMPACT. If, however, the ®rm is compensated ®nancially for the direct loss by the commercial insurance market, it is possible that the market will adopt a more lenient stance, hence INSURANCE as a variable. The class of loss may play a role also in the m ...
EY- Cash, capital and dividends
... boundary or earnings from non-Solvency II entities, such as asset management or banking operations, as well as investment return on capital. • Risk margin unwind. For those insurers with policies that contain significant risks that cannot be hedged, the release of the risk margin over time will be ...
... boundary or earnings from non-Solvency II entities, such as asset management or banking operations, as well as investment return on capital. • Risk margin unwind. For those insurers with policies that contain significant risks that cannot be hedged, the release of the risk margin over time will be ...
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... emphasis is that the costs associated with what we define as natural disasters are largely determined by economic and social forces rather than predetermined by natural processes. Sen’s observation suggests that economics is important not only in understanding what happens after a disaster occurs, b ...
... emphasis is that the costs associated with what we define as natural disasters are largely determined by economic and social forces rather than predetermined by natural processes. Sen’s observation suggests that economics is important not only in understanding what happens after a disaster occurs, b ...
Volatilidad para Columbia
... supply of credit guarantee increased demand for goods. Although monetary, and even exchange rate, policy must be part of an orderly and coherent set of measures, fiscal policy is the strongest tool in cases such as the present one. In crafting solutions, authorities will likely confront additional ...
... supply of credit guarantee increased demand for goods. Although monetary, and even exchange rate, policy must be part of an orderly and coherent set of measures, fiscal policy is the strongest tool in cases such as the present one. In crafting solutions, authorities will likely confront additional ...
The Effects of Unconventional and Conventional U.S. Monetary
... FOMC announcements between November 2008 and January 2013—including both regularly scheduled and some unscheduled meetings. We also include selected speeches given by Chairman Bernanke in which he signaled possible policy changes, particularly those suggesting modifications to the Federal Reserve in ...
... FOMC announcements between November 2008 and January 2013—including both regularly scheduled and some unscheduled meetings. We also include selected speeches given by Chairman Bernanke in which he signaled possible policy changes, particularly those suggesting modifications to the Federal Reserve in ...
Monthly Bulletin April 2014
... about future monetary policy: clarity regarding the central bank’s objective, and clarity about the monetary policy strategy it adopts to achieve that objective. The reasons for this are twofold. First, ensuring clarity with regard to the central bank’s objective and strategy serves the purpose of m ...
... about future monetary policy: clarity regarding the central bank’s objective, and clarity about the monetary policy strategy it adopts to achieve that objective. The reasons for this are twofold. First, ensuring clarity with regard to the central bank’s objective and strategy serves the purpose of m ...
Chapter 28 Investment Policy and the Framework of the CFA Institute
... D. Cannot tell from the information given. E. None of these is true. ...
... D. Cannot tell from the information given. E. None of these is true. ...
NBER WORKING PAPER SERIES QUANTITATIVE MACROECONOMICS WITH HETEROGENEOUS HOUSEHOLDS Jonathan Heathcote Kjetil Storesletten
... inequality we see today, within and across societies, would not exist.” Restricting attention to models where the initial ranking of individuals is preserved forever would be a major limitation for a research program that aims at understanding the dynamics of inequality. Modeling market incompletene ...
... inequality we see today, within and across societies, would not exist.” Restricting attention to models where the initial ranking of individuals is preserved forever would be a major limitation for a research program that aims at understanding the dynamics of inequality. Modeling market incompletene ...
Macroprudential Policy Frameworks and Tools
... While there is no universally accepted definition, most refer to macroprudential policy as the use of prudential actions to contain risks that, if realised, could have widespread implications for the financial system as a whole as well as the real economy; these risks are often referred to as system ...
... While there is no universally accepted definition, most refer to macroprudential policy as the use of prudential actions to contain risks that, if realised, could have widespread implications for the financial system as a whole as well as the real economy; these risks are often referred to as system ...
Article 46. Guaranteed Asset Protection Waivers. § 66
... Guaranteed asset protection waiver. – A contractual agreement in which a creditor agrees for a separate charge to cancel or waive all or part of amounts due on a borrower's vehicle finance agreement in the event of a total physical damage loss or unrecovered theft of the vehicle, which agreement sha ...
... Guaranteed asset protection waiver. – A contractual agreement in which a creditor agrees for a separate charge to cancel or waive all or part of amounts due on a borrower's vehicle finance agreement in the event of a total physical damage loss or unrecovered theft of the vehicle, which agreement sha ...
sec business report 2003
... its main branches of activity: insurance, financing and service guarantees. In line with its strategic goals, the Corporation acted on its mission statement to provide effective support to Slovene exporters. The volume of insurance business covered close to EUR 2.4 billion worth of transactions, an ...
... its main branches of activity: insurance, financing and service guarantees. In line with its strategic goals, the Corporation acted on its mission statement to provide effective support to Slovene exporters. The volume of insurance business covered close to EUR 2.4 billion worth of transactions, an ...
Revisiting the Role of Insurance Company ALM
... investment strategy processes that are linked together and part of an overall risk framework, with clearly defined risk budgets and risk reporting. This approach will empower an insurance company CEO to more efficiently manage through another volatile capital market environment. ...
... investment strategy processes that are linked together and part of an overall risk framework, with clearly defined risk budgets and risk reporting. This approach will empower an insurance company CEO to more efficiently manage through another volatile capital market environment. ...
PDF
... In the summer of 1983, a modified version of King and Robison's interval approach to the measurement of decision maker preferences was used to elicit risk preferences from thirty of the operators in the sample. The assumption of constant bands of absolute risk aversion across the whole range of net ...
... In the summer of 1983, a modified version of King and Robison's interval approach to the measurement of decision maker preferences was used to elicit risk preferences from thirty of the operators in the sample. The assumption of constant bands of absolute risk aversion across the whole range of net ...
Submission to the Competition Policy Review
... Government ownership of businesses or funding of services can also reduce economic efficiency by distorting the competitive process. Governments might use their legislative or fiscal power to advantage their own businesses over those in private ownership. This may take the form of government busines ...
... Government ownership of businesses or funding of services can also reduce economic efficiency by distorting the competitive process. Governments might use their legislative or fiscal power to advantage their own businesses over those in private ownership. This may take the form of government busines ...