Farewell to cheap capital? The implications of long‑term shifts in
... rates that prevail around the world at this time. However, as global GDP growth begins to rebound, two critical questions for many businesses, consumers, investors, and governments are whether they should expect capital costs to remain low for the foreseeable future and if not, how will they be affe ...
... rates that prevail around the world at this time. However, as global GDP growth begins to rebound, two critical questions for many businesses, consumers, investors, and governments are whether they should expect capital costs to remain low for the foreseeable future and if not, how will they be affe ...
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... business cycle features of output, the current account, and the interest differential for post1975 Canadian data. In particular, the Baseline version correctly predicts that the current account and the interest differential are less volatile than output, and that the current account is countercyclic ...
... business cycle features of output, the current account, and the interest differential for post1975 Canadian data. In particular, the Baseline version correctly predicts that the current account and the interest differential are less volatile than output, and that the current account is countercyclic ...
![Robert Barro and Jong-Wha Lee IMF Programs: Who Is Chosen and What Are the Effects? (Second IMF Research Conference). <![if !supportLineBreakNewLine]> <![endif]>](http://s1.studyres.com/store/data/008826433_1-04df42b714a3eee241ab8d529ca237e6-300x300.png)
Robert Barro and Jong-Wha Lee IMF Programs: Who Is Chosen and What Are the Effects? (Second IMF Research Conference).
... country has voted in the United Nations along with the United States. (We look at analogous variables for other important countries, such as France, Germany and the United Kingdom, but find no additional effects.) We find that, as an international organization influenced by the dominating power of ...
... country has voted in the United Nations along with the United States. (We look at analogous variables for other important countries, such as France, Germany and the United Kingdom, but find no additional effects.) We find that, as an international organization influenced by the dominating power of ...
Risk premiums in NIBOR and other countries` interbank lending rates
... accompanying capital requirements also play a role in this context. Chart 2 shows risk premiums in three‐month money market rates for selected countries: Norway (NIBOR), Sweden (STIBOR), the UK (LIBOR), the euro area (EURIBOR) and the US (measured alternatively by LIBOR and Kliem, the latter refl ...
... accompanying capital requirements also play a role in this context. Chart 2 shows risk premiums in three‐month money market rates for selected countries: Norway (NIBOR), Sweden (STIBOR), the UK (LIBOR), the euro area (EURIBOR) and the US (measured alternatively by LIBOR and Kliem, the latter refl ...
Xerox Corporation
... recording of R&D. It must simply be expensed as incurred which hinders our ability to value the firm’s contribution to R&D. For operating/capital leases and pension plans GAAP allows much more flexibility. Since Xerox does not use extensive operating leases there is really no affect on the firm’s va ...
... recording of R&D. It must simply be expensed as incurred which hinders our ability to value the firm’s contribution to R&D. For operating/capital leases and pension plans GAAP allows much more flexibility. Since Xerox does not use extensive operating leases there is really no affect on the firm’s va ...
XPP-PDF Support Utility
... harmonizing the limitations on a fund’s illiquid investments with the general liquidity classification framework, the Commission sought to create consistency in the value impact standards used across the liquidity categories, which otherwise would have been different under the Proposal. Classificati ...
... harmonizing the limitations on a fund’s illiquid investments with the general liquidity classification framework, the Commission sought to create consistency in the value impact standards used across the liquidity categories, which otherwise would have been different under the Proposal. Classificati ...
From combating to managing: Demographic decline in the
... municipalities and regions has shown this to have little effect. It would make sense for municipalities to coordinate their shrinkage policies on a regional level. This applies to housing market policies as well as to retail trade and business location policies. Coordinating construction, demolition ...
... municipalities and regions has shown this to have little effect. It would make sense for municipalities to coordinate their shrinkage policies on a regional level. This applies to housing market policies as well as to retail trade and business location policies. Coordinating construction, demolition ...
RYDER SYSTEM INC (Form: 10-K, Received: 02/12
... The service also provides vehicle repairs including parts and labor, 24-hour emergency roadside service and replacement vehicles for vehicles that are temporarily out of service. Vehicles covered under this offering are typically serviced at our own facilities. However, based on the size and complex ...
... The service also provides vehicle repairs including parts and labor, 24-hour emergency roadside service and replacement vehicles for vehicles that are temporarily out of service. Vehicles covered under this offering are typically serviced at our own facilities. However, based on the size and complex ...
2010-08-11 MFR of Arthur Laffer interview_1
... Fiscal stimulus greatly troubled Laffer. Laffer who says there is no Keynesian Multiplier, or no free lunch, says that fiscal transfers do not stimulate: “There is not stimulus in the stimulus plans.” Laffer gave several examples of how a “stimulus” plan works. This included an economy made of fixed ...
... Fiscal stimulus greatly troubled Laffer. Laffer who says there is no Keynesian Multiplier, or no free lunch, says that fiscal transfers do not stimulate: “There is not stimulus in the stimulus plans.” Laffer gave several examples of how a “stimulus” plan works. This included an economy made of fixed ...
403(b) Plan Employee Guide (non-ERISA)
... Do you know how much money you’ll need for retirement? Many people don’t! What we do know is that inflation and taxes will continue to erode your income. We also know that relying on Social Security and pension benefits as your sole retirement income will probably not provide enough. You will need a ...
... Do you know how much money you’ll need for retirement? Many people don’t! What we do know is that inflation and taxes will continue to erode your income. We also know that relying on Social Security and pension benefits as your sole retirement income will probably not provide enough. You will need a ...
5. The impact of real interest rates in the euro area
... order to obtain the corresponding real interest rate. Several approaches to this estimation are possible, but there is no agreement on which one is more appropriate in general, with each possessing advantages and disadvantages. Another difficulty is due to the fact that economic agents are heterogen ...
... order to obtain the corresponding real interest rate. Several approaches to this estimation are possible, but there is no agreement on which one is more appropriate in general, with each possessing advantages and disadvantages. Another difficulty is due to the fact that economic agents are heterogen ...
Costs to Investors of Boycotting Fossil Fuels
... As a follow-up to similar projects analysing the potential impacts of fossil-fuel divestment in an American financial context, The Independent Petroleum Association of America’s international committee asked Europe Economics to estimate how much investors in the UK would stand to lose by such a boyc ...
... As a follow-up to similar projects analysing the potential impacts of fossil-fuel divestment in an American financial context, The Independent Petroleum Association of America’s international committee asked Europe Economics to estimate how much investors in the UK would stand to lose by such a boyc ...
The Evolution and Determinants of the Turkish Saving Rate
... international comparisons, in particular relative to developing Asia. This paper provides an update and extension of an earlier ERF paper on the same topic, based on 3 additional years of household survey data and revised demographic data. It also brings macro-data as well as ISE corporate saving da ...
... international comparisons, in particular relative to developing Asia. This paper provides an update and extension of an earlier ERF paper on the same topic, based on 3 additional years of household survey data and revised demographic data. It also brings macro-data as well as ISE corporate saving da ...
NBER WORKING PAPER SERIES SYSTEMIC CRISES AND GROWTH Romain Ranciere Aaron Tornell
... lenders, and that it repays this debt in no-crisis times by taxing solvent domestic firms. In the extended appendix, we present evidence on bailouts that supports these assumptions. Managers receive an exogenous share d of profits. The advantage of this assumption and of the overlapping generations ...
... lenders, and that it repays this debt in no-crisis times by taxing solvent domestic firms. In the extended appendix, we present evidence on bailouts that supports these assumptions. Managers receive an exogenous share d of profits. The advantage of this assumption and of the overlapping generations ...
Saving in New Zealand - Issues and Options
... These individual saving decisions add up at the national level and may have negative implications for economic performance, especially if they have been biased by poor policy or information. These negative implications include distortions in the type of economic activity that takes place, imbalances ...
... These individual saving decisions add up at the national level and may have negative implications for economic performance, especially if they have been biased by poor policy or information. These negative implications include distortions in the type of economic activity that takes place, imbalances ...
Thesis - Kyiv School of Economics
... economies. However, for developing countries distance was important in most of the cases. The capital flows were divided into three broad categories: government bonds, corporate bonds and corporate equities. For all of the capital categories market interest rate volatility as well as inflation vola ...
... economies. However, for developing countries distance was important in most of the cases. The capital flows were divided into three broad categories: government bonds, corporate bonds and corporate equities. For all of the capital categories market interest rate volatility as well as inflation vola ...
Disclosure Booklet - Oregon College Savings Plan
... positive or negative duration) and during periods when prevailing interest rates are low or negative. Bonds and other debt instruments typically have a positive duration. The value of a debt instrument with positive duration will generally decline if interest rates increase. Certain other investment ...
... positive or negative duration) and during periods when prevailing interest rates are low or negative. Bonds and other debt instruments typically have a positive duration. The value of a debt instrument with positive duration will generally decline if interest rates increase. Certain other investment ...
V7-Mutual Fund year book
... plans from October 1, 2012 instead of plans based on the minimum investment amount (for instance institutional and superinstitutional plans). All funds now have only one plan across investor classes. ...
... plans from October 1, 2012 instead of plans based on the minimum investment amount (for instance institutional and superinstitutional plans). All funds now have only one plan across investor classes. ...
Semi-Annual Report
... reimburse expenses of each Fund to maintain designated expense ratios through April 30, 2017. This expense limitation excludes interest, taxes, brokerage commissions, indirect fees and expenses related to investments in other investment companies, including money market funds, and extraordinary expe ...
... reimburse expenses of each Fund to maintain designated expense ratios through April 30, 2017. This expense limitation excludes interest, taxes, brokerage commissions, indirect fees and expenses related to investments in other investment companies, including money market funds, and extraordinary expe ...
The Risky Capital of Emerging Markets – A Long-Run
... this component contains both a common ‘global’ piece and a region-specific idiosyncratic one. Regions differ in their exposure to the common component. With recursive preferences à la Epstein and Zin (1989), asset values respond sharply to persistent shocks that are global in nature. Regions that a ...
... this component contains both a common ‘global’ piece and a region-specific idiosyncratic one. Regions differ in their exposure to the common component. With recursive preferences à la Epstein and Zin (1989), asset values respond sharply to persistent shocks that are global in nature. Regions that a ...
Full Text ( Final Version , 188kb )
... “interconnected network” where the consumption of each member is based on the total wealth. Hence, as the increase in bequest is devided to all the involved members leaving their consumption almost unaffected, the parents prefer to avoid making bequests. He concluded that only few individuals make ...
... “interconnected network” where the consumption of each member is based on the total wealth. Hence, as the increase in bequest is devided to all the involved members leaving their consumption almost unaffected, the parents prefer to avoid making bequests. He concluded that only few individuals make ...
View/Open
... For these developing countries, remittances can be a critical tool, assisting not only with local, grass-roots development but also contributing significantly to a country’s entire economic health (Ratha, 2007). In part, remittances can build foreign currency reserves, address balance of payments ( ...
... For these developing countries, remittances can be a critical tool, assisting not only with local, grass-roots development but also contributing significantly to a country’s entire economic health (Ratha, 2007). In part, remittances can build foreign currency reserves, address balance of payments ( ...
athens-clarke county, georgia comprehensive annual financial
... its citizens, the Government, and the county area. This first plan has been followed by an update of the land use plan and other specific plans. The Government also works with neighboring counties to plan transportation and transit system improvements. This regional transportation program, the Madis ...
... its citizens, the Government, and the county area. This first plan has been followed by an update of the land use plan and other specific plans. The Government also works with neighboring counties to plan transportation and transit system improvements. This regional transportation program, the Madis ...
S0900484_en.pdf
... Patricio Frías, Andrés Marinakis, Lucas Navarro, Víctor Tokman and Mario Velásquez, which were discussed at a workshop held in April 2009 in Santiago. The Spanish Agency for International Cooperation for Development (AECID) helped to finance this workshop and a number of contracts. ...
... Patricio Frías, Andrés Marinakis, Lucas Navarro, Víctor Tokman and Mario Velásquez, which were discussed at a workshop held in April 2009 in Santiago. The Spanish Agency for International Cooperation for Development (AECID) helped to finance this workshop and a number of contracts. ...
Output and Expenditure in the Short Run
... employment will increase. When aggregate expenditure is less than GDP, there is an unplanned increase in inventories, and GDP and total employment will decline. Only when aggregate expenditure is equal to GDP will businesses sell what they expected to sell, production and employment will be unchange ...
... employment will increase. When aggregate expenditure is less than GDP, there is an unplanned increase in inventories, and GDP and total employment will decline. Only when aggregate expenditure is equal to GDP will businesses sell what they expected to sell, production and employment will be unchange ...