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Deputy Minister of Finance speech
Deputy Minister of Finance speech

... million, indicates that even though peoples’ incomes may be low, they are still willing to save. Of course, the increase in Mzansi usage also shows that consumer confidence in the banking sector is increasing, especially for those previously unbanked. ...
PDF Download
PDF Download

... The financial resources provided by the EU Structural Funds – European Regional Development Fund (ERDF), the European Social Fund (ESF), the European Agricultural Guidance and Guarantee Funds (EAGGF) and the Financial Instrument for Fisheries and Guidance (FIFG) – reached around 150 billion euros in ...
adjusted growth strategy: japan - Ministry of Foreign Affairs of Japan
adjusted growth strategy: japan - Ministry of Foreign Affairs of Japan

... economic revitalization and fiscal consolidation. Specifically, it put special emphasis on vitalizing local economies, where the benefits of Abenomics were not necessarily spread out. The budget also focuses on the measures to support future growth, including enhancement of childcare support. This b ...
Post-Keynesian models of growth and distribution
Post-Keynesian models of growth and distribution

... A change in income distribution • What happens if there is a reduction in the markup (or in the profit share) and hence an increase in the real wage (or an increase in the wage share)? • Initially, in the short run, as explained by Robinson (1956), there will be an increase in consumption, and henc ...
Fixed Income in a Rising Rate Enviornment
Fixed Income in a Rising Rate Enviornment

... levels have more room to tighten. This may help reduce the overall yield increase if spreads tighten. The result is less of a decline in the prices of non-government bonds. However, if credit spreads are tight at the start of the rising rate period, there is little potential offset to falling bond p ...
A Social Security Is It “A Crisis That Doesn’t Exist”? Executive Summary
A Social Security Is It “A Crisis That Doesn’t Exist”? Executive Summary

... payroll tax revenue will be less than benefit liabilities, and by 2037 the nation’s public pension system will be able to pay less than three-quarters of promised benefits, pushing millions of low-income retirees into poverty. For the past several years, both sides of the political spectrum have exp ...
Chapter 12:
Chapter 12:

... balance-of-payments surplus, resulting in a rise in the value of the yen. This, along with the rise in Japanese real income that would have resulted, would have induced Japanese residents to purchase more U.S. export goods, causing the U.S. IS schedule to shift rightward, thereby pushing the U.S. in ...
Latin America’s Road to Inflation Targeting
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Chapter 21 : The Monetary Policy and Aggregate Demand Curves
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GwartPPT014 - Crawfordsworld
GwartPPT014 - Crawfordsworld

... expansion, the expansion does not alter real output even in the short-run. Suppliers, including resource suppliers, build the expected price rise into their decisions. The anticipated inflation leads to a rise in nominal costs (including wages) causing aggregate supply to decline (shifts to SRAS2). ...
report on audit of the financial statements june 30, 2014
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... emphasis of discussions about these statements will be on current year data. There are three financial statements presented: the Statement of Net Position; the Statement of Revenues, Expenses and Changes in Net Position; and the Statement of Cash Flows. This discussion and analysis of the University ...
Equity Research: Fundamental and Technical Analysis
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Financial Performance Measures for Iowa Farms
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Untitled
Untitled

... slower in the third quarter. All components of the index rose: the goods and services imports and exports indices rose fast, and the rise in the index of manufacturing output (trend data) was also notable—at the end of the period reviewed it had reached its level of the end of 2006. All manufacturin ...
Solutions - University of California, Berkeley
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An Abridged Roadmap from The Keynesian Cross to the AD Curve
An Abridged Roadmap from The Keynesian Cross to the AD Curve

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Inequality in the Twenty-First Century
Inequality in the Twenty-First Century

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Principles of Economic Growth
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Business Cycle and Unemployment
Business Cycle and Unemployment

... The natural rate in France and Germany is around 8–10%. Why? • Some economists attribute the difference to more generous unemployment benefits in European countries – In the U.S. unemployment benefits last for 6 months – Unemployment benefits in some European countries are indefinite – The generous ...
Business Cycle and Unemployment
Business Cycle and Unemployment

... The natural rate in France and Germany is around 8–10%. Why? • Some economists attribute the difference to more generous unemployment benefits in European countries – In the U.S. unemployment benefits last for 6 months – Unemployment benefits in some European countries are indefinite – The generous ...
Investment Trust Guide - Sompo Japan Nipponkoa DC Securities
Investment Trust Guide - Sompo Japan Nipponkoa DC Securities

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THE IMPACT OF FISCAL POLICY ON GROSS DOMESTIC PRODUCT IN
THE IMPACT OF FISCAL POLICY ON GROSS DOMESTIC PRODUCT IN

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global equity fund
global equity fund

... applicable sector allocations of investment funds not managed by IA Clarington Investments Inc. 3 Excludes Cash and Other Net Assets and applicable investment funds not managed by IA Clarington Investments Inc. Commissions, trailing commissions, management fees and expenses all may be associated wit ...
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... turnover of complementary insurance and on pharmaceutical companies (0.1% of GDP). ...
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Pensions crisis

The pensions crisis is a predicted difficulty in paying for corporate, state, and federal pensions in the United States and Europe, due to a difference between pension obligations and the resources set aside to fund them. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). There is significant debate regarding the magnitude and importance of the problem, as well as the solutions.For example, as of 2008, the estimates for the underfunding of U.S. states' pension programs range from $1 trillion using the discount rate of 8% to $3.23 trillion using U.S. Treasury bond yields as the discount rate. The present value of unfunded obligations under Social Security as of August 2010 was approximately $5.4 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the program's shortfall between tax revenues and payouts over the next 75 years.Some economists question the concept of funding, and, therefore underfunding. Storing funds by governments, in the form of fiat currencies, is the functional equivalent of storing a collection of their own IOUs. They will be equally inflationary to newly written ones when they do come to be used.Reform ideas are in three primary categories: a) Addressing the worker-retiree ratio, via raising the retirement age, employment policy and immigration policy; b) Reducing obligations via shifting from defined benefit to defined contribution pension types and reducing future payment amounts (by, for example, adjusting the formula that determines the level of benefits); and c) Increasing resources to fund pensions via increasing contribution rates and raising taxes.
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