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Press release: Monetary developments in the euro area: January 2016
Press release: Monetary developments in the euro area: January 2016

... by non-monetary financial corporations (excluding insurance corporations and pension funds) increased to 9.2% in January, from 8.4% in December. Credit to euro area residents The annual growth rate of total credit to euro area residents increased to 2.6% in January 2016, from 2.4% in the previous mo ...
presentation source
presentation source

... more money to spend on facilities, and the equilibrium interest rate will increase. 3. Tax on interest income. A tax on interest income decreases the benefit of saving: For each dollar saved, the individual gets to keep only a part of the interest income. The decrease in the benefit of saving will d ...
ecture 4: Unemployment in the ong Run
ecture 4: Unemployment in the ong Run

... Aim to ease the transition of workers from declining to growing industries and to help disadvantaged groups escape poverty (more people can do more jobs). ...
Are CEE economies at risk of overheating?
Are CEE economies at risk of overheating?

... economic overheating on the horizon for CEE countries? To detect any early signs of such a phenomenon potentially occurring, Erste Group analysts use current account deficits as an adequate benchmark for open economies such as CEE ones. They point out that a material deterioration in the current acc ...
CF 1.12Wages - bishopa-CF
CF 1.12Wages - bishopa-CF

... Earning Money ...
Long Island KCM - Keeping Current Matters
Long Island KCM - Keeping Current Matters

AS & AD - Vincent Hogan
AS & AD - Vincent Hogan

... • What we need to understand is why the economy might be stuck in an under-employment equilibrium and why decisive fiscal policy measures might be necessary to solve the problem ...
Διαφάνεια 1
Διαφάνεια 1

...  CGE (increase in transport sector productivity; decline in transportation costs); NEG (impact of taxation utilized to build infrastructure); New-NEG (reduction in trade costs)  Results are mixed and much less univocal than those related to the migration simulations  In some cases (e.g. Italy), t ...
German Public Finances Through the Financial Crisis
German Public Finances Through the Financial Crisis

... Figure 1 shows that the share of the unemployed population in Germany increased sharply after reunification with the number of unemployed rising from 2.1 million in 1991 to 3.8 million in 1997. From 1997 to 2000, the unemployment rate decreased in three consecutive years, but continued rising in the ...
PDF Download
PDF Download

... cepts to understanding the effects of monetary policy in the preceding decade, and have been declining with and macroeconomic relationships. It presents an imsome interruptions ever since. Fluctuations in inflation, portant benchmark, consistent with the concept of as shown in Figure 1, only partly ...
The “Natural” Interest Rate and Secular Stagnation: Loanable Funds
The “Natural” Interest Rate and Secular Stagnation: Loanable Funds

... The biggest contributor to household income from production is labor compensation. It makes up around 60% of the total of 11.7. The remaining 28% takes the form of transfers (much bigger than saving, incidentally). Payments from government are at 16%. Interest and dividends make up 12%. Note that ho ...
A rise in the price of oil imports has resulted in a decrease of short
A rise in the price of oil imports has resulted in a decrease of short

... a. The number of times a dollar is spent in a year on final goods and services. b. The number of times a dollar is spent in a year on anything, including intermediate goods and stocks. c. How quickly we are making the goods we produce. d. How quickly we reach the long-run equilibrium. 3. What two va ...
Short-Term Income Fund - Investor Fact Sheet
Short-Term Income Fund - Investor Fact Sheet

... average effective duration of a fund in the Federated family of funds may not be comparable to other funds outside of the Federated family of funds. Securities with longer durations are more sensitive to changes in interest rates than securities of shorter durations. Weighted Average Bond Price - Mo ...
Corporate Taxation, Business Investment and Economic Growth
Corporate Taxation, Business Investment and Economic Growth

... Mirrlees J et al. (2011), Tax by Design: The Mirrlees Review, ...
as PDF for Printing
as PDF for Printing

... Disclaimer: Investing in mid-cap stocks is riskier and more volatile than investing in large-cap stocks. The intrinsic value of the stocks in which the portfolio invests may never be recognized by the broader market. Investing in equity stocks is risky and subject to the volatility of the markets. A ...
PDF Download
PDF Download

... of GDP, structural measures are needed that aim at increasing public revenues or reducing public expenditures (Table). Higher revenues can be achieved through higher productivity, higher labor market participation or by increasing taxes. Higher taxes are the least desirable option, because they will ...
36A. Key Problem
36A. Key Problem

... 51A (Two of the following): a) The level of investment is likely to be low since firms may be discouraged from spending when faced by the future uncertainty that inflation brings. b) Inflation requires that menus, catalogues, price lists, web-sites and so on must be changed which can be very expensi ...
Tor Hirst 02.02.2012 Multiple Choice Week Three Tor Hirst 02.02
Tor Hirst 02.02.2012 Multiple Choice Week Three Tor Hirst 02.02

... (AD) is made up of private sector consumption, private sector investment, government expenditure and net expenditure on exports. Governments use fiscal policy to change the level of aggregate demand within an economy. Fiscal policy involves using the government’s budget to change the level of aggreg ...
Economic 157b - Yale University
Economic 157b - Yale University

... 3. In equilibrium, demand for capital determined where the cost of capital equals the marginal productivity of capital. 4. The major theories are the accelerator theory, the neoclassical theory, and the Q theory. These apply differently in different sectors. 5. Economic policy affects investment thr ...
Infrastructure drive raises price concerns 4th November
Infrastructure drive raises price concerns 4th November

... with 57 per cent of investors planning to commit more capital to the asset class in the next 12 months than they did over the previous year, and 42 per cent intending to increase their allocation over the longer term. However, most investors remain reluctant to invest in greenfield projects – those ...
MA Entrance Question Paper : 2012
MA Entrance Question Paper : 2012

... 24. If total cost is increasing at decreasing rates, then the marginal costs is: A. increasing. B. decreasing. C. remain constant. D. either increase or decrease. 25. Diminishing returns affects all of the following except: A. Marginal product. B. Average total cost. C. Average variable cost. D. Ave ...
Presentation to the Chicago Booth Graduate School of Business Alumni... San Francisco, California
Presentation to the Chicago Booth Graduate School of Business Alumni... San Francisco, California

... However, some sectors are not rebounding at all. Construction remains dormant, with neither residential nor nonresidential building showing any signs of life. Single-family housing starts are running at just above a 400,000 annual rate, one-third the pace that prevailed before the housing boom of t ...
CORPORATE FINANCE
CORPORATE FINANCE

... Which of the following statements is correct? a. An asset that is sold for less than book value at the end of a project’s life will generate a loss for the firm and will cause an actual cash outflow attributable to the project. b. Only incremental cash flows are relevant in project analysis and the ...
Political, Social and Economic Realities in Developing Countries
Political, Social and Economic Realities in Developing Countries

... progress within the free market system, that is through private persuasion, depends to a very significant extent on the efforts of Governments. Government policies should reflect a sustained commitment to improving the lot of the poor. International factors - notably world trade, foreign direct inve ...
Commentary - Prudential
Commentary - Prudential

... Fundfor the first time R450 Benchmark two highly rated, large European companies issued corporate bonds paying negative R400 yields (investors will have to pay a small amount to the company for the privilege of lending them money). Brexit worries R350 eased somewhat amid better-than-expected economi ...
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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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