- TestbankU
... conditions in each market. As funds leave a country with low interest rates, this places upward pressure on that country’s interest rates. The international flow of funds caused this type of reaction. 14. Impact of War. A war tends to cause significant reactions in financial markets. Why would a war ...
... conditions in each market. As funds leave a country with low interest rates, this places upward pressure on that country’s interest rates. The international flow of funds caused this type of reaction. 14. Impact of War. A war tends to cause significant reactions in financial markets. Why would a war ...
Optimal Policy with Endogenous Signal Extraction
... (2007, 2011) derive an ”endogenous Kalman filter” for all these cases which is equivalent to the solution of a standard Kalman filter of a parallel problem where all the states and the measurement are fully exogenous. The only exception to the separation principle is Svensson and Woodford (2004) wh ...
... (2007, 2011) derive an ”endogenous Kalman filter” for all these cases which is equivalent to the solution of a standard Kalman filter of a parallel problem where all the states and the measurement are fully exogenous. The only exception to the separation principle is Svensson and Woodford (2004) wh ...
NBER WORKING PAPER SERIES COMPETING LIQUIDITIES: CORPORATE SECURITIES, REAL BONDS AND BUBBLES
... The economy can be described recursively with one state variable: past investment it−1 . At date t + 1, given past investment it−1 , current investment it and the interest rate rt+1 are jointly determined by the intersection of a supply and a demand equation for assets. That these two curves interse ...
... The economy can be described recursively with one state variable: past investment it−1 . At date t + 1, given past investment it−1 , current investment it and the interest rate rt+1 are jointly determined by the intersection of a supply and a demand equation for assets. That these two curves interse ...
Ageing and asset prices, August 2010
... These empirical studies can be divided into two main groups: (1) single country investigations of financial asset and house prices; and (2) international studies of financial asset prices. Identification is challenging in both case, which prompted this research to use an international sample of hous ...
... These empirical studies can be divided into two main groups: (1) single country investigations of financial asset and house prices; and (2) international studies of financial asset prices. Identification is challenging in both case, which prompted this research to use an international sample of hous ...
Soft Landings (February 2000), with Martin Schneider
... strong investment growth, especially in traditionally risky sectors.2 In addition, many recent financial crises were preceded by lending booms.3 A large literature now argues that lending booms are the result of mistaken government policy: the existence of bailout guarantees creates a moral hazard p ...
... strong investment growth, especially in traditionally risky sectors.2 In addition, many recent financial crises were preceded by lending booms.3 A large literature now argues that lending booms are the result of mistaken government policy: the existence of bailout guarantees creates a moral hazard p ...
World of Work Report 2013: Repairing the economic and social
... stimulate aggregate demand without dampening employment in developing countries? What is the scope in these countries for counteracting a double dip in growth and employment in advanced economies? • How can productive investment be stimulated in order to create more and better jobs? And what are the ...
... stimulate aggregate demand without dampening employment in developing countries? What is the scope in these countries for counteracting a double dip in growth and employment in advanced economies? • How can productive investment be stimulated in order to create more and better jobs? And what are the ...
Fiscal Monitor - Addressing Fiscal Challenges to Reduce Economic
... weaknesses in many countries, the global fiscal environment remains subject to a high degree of risk. Within the euro area, many countries have made good progress in reducing high deficits and specifying medium-term plans and have committed to enhancing fiscal institutions. Nevertheless, borrowing spre ...
... weaknesses in many countries, the global fiscal environment remains subject to a high degree of risk. Within the euro area, many countries have made good progress in reducing high deficits and specifying medium-term plans and have committed to enhancing fiscal institutions. Nevertheless, borrowing spre ...
Macquarie True Index Global Infrastructure Securities Fund
... potential for loss and unit price variability over the short term). Financial markets can, and have been volatile, and higher levels of market volatility may result in greater risk for investors than an investment in less volatile markets. When you make an investment, you are accepting the risks of ...
... potential for loss and unit price variability over the short term). Financial markets can, and have been volatile, and higher levels of market volatility may result in greater risk for investors than an investment in less volatile markets. When you make an investment, you are accepting the risks of ...
The Facts on Medicare Spending and Financing
... Several questions remain unanswered about recent trends in Medicare spending and what they portend about future spending levels: What are the primary reasons for the recent slowdown in Medicare spending? How are delivery system reforms influencing the Medicare spending trajectory? Are the Medicare ...
... Several questions remain unanswered about recent trends in Medicare spending and what they portend about future spending levels: What are the primary reasons for the recent slowdown in Medicare spending? How are delivery system reforms influencing the Medicare spending trajectory? Are the Medicare ...
Fiscal policy, pricing frictions and monetary accommodation
... Since in globally integrated economies, domestic spending may be diverted partly to imports, proponents of fiscal expansions have called for coordinated action, both across the Atlantic and within Europe. Critics of fiscal stimulus argue that government spending displaces private spending and reduce ...
... Since in globally integrated economies, domestic spending may be diverted partly to imports, proponents of fiscal expansions have called for coordinated action, both across the Atlantic and within Europe. Critics of fiscal stimulus argue that government spending displaces private spending and reduce ...
chapter overview
... The multiplier concept can be demonstrated effectively by a role-playing exercise in which you have students pretend that one row (group) of students are construction workers who benefit from a $1 million increase in investment spending. (Some instructors use an oversized paper $1-million bill.) If ...
... The multiplier concept can be demonstrated effectively by a role-playing exercise in which you have students pretend that one row (group) of students are construction workers who benefit from a $1 million increase in investment spending. (Some instructors use an oversized paper $1-million bill.) If ...
Measuring Decent Work with Statistical Indicators
... collaboration of constituents. National statistical services will also need to be involved over the long run. The Office will need to build on and coordinate the major on-going statistical activities already underway such as in STAT, IFP/SES, KILM, and IPEC at headquarters, and in the regions. A col ...
... collaboration of constituents. National statistical services will also need to be involved over the long run. The Office will need to build on and coordinate the major on-going statistical activities already underway such as in STAT, IFP/SES, KILM, and IPEC at headquarters, and in the regions. A col ...
This PDF is a selec on from a published volume... Bureau of Economic Research
... government spending probably lies somewhere between 0.8 and 1.5, but could be as low as 0.5 or as high as 2. Two of the key questions for deciding whether policymakers should use government spending for short-run stabilization policy are: (1) Can an increase in government spending stimulate the econ ...
... government spending probably lies somewhere between 0.8 and 1.5, but could be as low as 0.5 or as high as 2. Two of the key questions for deciding whether policymakers should use government spending for short-run stabilization policy are: (1) Can an increase in government spending stimulate the econ ...
Parkin-Bade Chapter 22
... When autonomous expenditure changes, so does equilibrium expenditure and real GDP. But the change in equilibrium expenditure is larger than the change in autonomous expenditure. The multiplier is the amount by which a change in autonomous expenditure is magnified or multiplied to determine the chang ...
... When autonomous expenditure changes, so does equilibrium expenditure and real GDP. But the change in equilibrium expenditure is larger than the change in autonomous expenditure. The multiplier is the amount by which a change in autonomous expenditure is magnified or multiplied to determine the chang ...
the effect of interest rate and inflation rate
... 1.1.3 Exchange Rates According to Mishkin, (2008), The exchange rate of the currency in which a portfolio holds the bulk of its investments determines that portfolio's real return. A declining exchange rate obviously decreases the purchasing power of income and capital gains derived from any returns ...
... 1.1.3 Exchange Rates According to Mishkin, (2008), The exchange rate of the currency in which a portfolio holds the bulk of its investments determines that portfolio's real return. A declining exchange rate obviously decreases the purchasing power of income and capital gains derived from any returns ...
deficit spending and stabilization behaviour in austria
... Nonetheless, there are two marked exceptions to this: the 1983 elections ending the series of socialist one-party governments and the elections of 1990. In both cases the SPÖ was firmly expected to suffer heavy losses. On the other hand, both of these procyclical reactions could have also been motiv ...
... Nonetheless, there are two marked exceptions to this: the 1983 elections ending the series of socialist one-party governments and the elections of 1990. In both cases the SPÖ was firmly expected to suffer heavy losses. On the other hand, both of these procyclical reactions could have also been motiv ...
1 VALUING PRIVATE FIRMS So far in this book, we
... target debt to equity ratio1 of 25% and a private firm tax rate of 40% to arrive at a levered beta estimate of 1.04. Levered Beta for Yankees = 0.90 ( 1 + (1-.4) (.25)) = 1.04 Bottom-up Beta for InfoSoft To estimate a beta for InfoSoft, we obtained the betas and market debt/equity ratios for publicl ...
... target debt to equity ratio1 of 25% and a private firm tax rate of 40% to arrive at a levered beta estimate of 1.04. Levered Beta for Yankees = 0.90 ( 1 + (1-.4) (.25)) = 1.04 Bottom-up Beta for InfoSoft To estimate a beta for InfoSoft, we obtained the betas and market debt/equity ratios for publicl ...
APEC Meeting Documents - APEC Meeting Document Database
... effects of government debt and growth-hampering ones.2 These studies differ in terms of samples and statistical techniques used, but nevertheless they often suggest that it makes sense to monitor debt developments using thresholds (i.e., norms) that help indicating broadly which levels of debt are ...
... effects of government debt and growth-hampering ones.2 These studies differ in terms of samples and statistical techniques used, but nevertheless they often suggest that it makes sense to monitor debt developments using thresholds (i.e., norms) that help indicating broadly which levels of debt are ...
inflation-protected bonds: a look at the new i bond series
... bonds. I bonds thus provide “downside” protection to their holders. The downside to these bonds is that holders forego opportunities to have price gains and high returns if market interest rates were unexpectedly to fall. In addition, the yields are on average lower than can be obtained from other t ...
... bonds. I bonds thus provide “downside” protection to their holders. The downside to these bonds is that holders forego opportunities to have price gains and high returns if market interest rates were unexpectedly to fall. In addition, the yields are on average lower than can be obtained from other t ...
NBER WORKING PAPER SERIES HUMAN CAPITAL FORMATION WITH ENDOGENOUS CREDIT CONSTRAINTS
... little incentive to repay loans and, consequently, face more stringent constraints. Human capital theory indicates that the more able an individual and the more he invests in his skills, the more earnings potential he will possess. In an efficient credit market, he should, therefore, be allowed to b ...
... little incentive to repay loans and, consequently, face more stringent constraints. Human capital theory indicates that the more able an individual and the more he invests in his skills, the more earnings potential he will possess. In an efficient credit market, he should, therefore, be allowed to b ...
Large changes in fiscal policy: taxes versus spending.
... inequality, not so much about the size of fiscal multipliers, both sides also wish to "sell" their prescription as growth enhancing and more so than the other policy. Unfortunately both sides can’t be right at the same time! As far as reduction of large public debts the lesson from history is reason ...
... inequality, not so much about the size of fiscal multipliers, both sides also wish to "sell" their prescription as growth enhancing and more so than the other policy. Unfortunately both sides can’t be right at the same time! As far as reduction of large public debts the lesson from history is reason ...
British Airways Plc Year ended 31 December 2015
... would offer nine million redemption seats across our entire network every year, with at least two Club World or Club Europe and four World or Euro Traveller seats available on every BA flight. Also, we announced that for two thirds of the year, customers will be able to book using fewer Avios than p ...
... would offer nine million redemption seats across our entire network every year, with at least two Club World or Club Europe and four World or Euro Traveller seats available on every BA flight. Also, we announced that for two thirds of the year, customers will be able to book using fewer Avios than p ...
Stagnation nation? Australian investment in a low
... But the Australian economy has grown more slowly since the crisis. The potential growth rate of the economy has fallen, as discussed in Chapter 3. Lower productivity growth dragged down potential growth in the mid-2000s, and the Australian working-age population share has fallen by about a quarter o ...
... But the Australian economy has grown more slowly since the crisis. The potential growth rate of the economy has fallen, as discussed in Chapter 3. Lower productivity growth dragged down potential growth in the mid-2000s, and the Australian working-age population share has fallen by about a quarter o ...