Crisis Prevention through Global Surveillance: A Task beyond the IMF
... Crisis Prevention through Global Surveillance: A Task beyond the IMF Swaminathan S. Anklesaria Aiyar In early 2008, the future of the International Monetary Fund was in doubt. The world was awash with dollars since the United States ran an enormous current account deficit, the mirror image of which ...
... Crisis Prevention through Global Surveillance: A Task beyond the IMF Swaminathan S. Anklesaria Aiyar In early 2008, the future of the International Monetary Fund was in doubt. The world was awash with dollars since the United States ran an enormous current account deficit, the mirror image of which ...
... 3. In September-November 1997, the U.K. unemployment rate by the standardized ILO definition was 6.6 percent while that of France was 12.4 percent (Economist, January 24, 1998, p. 104). In 1992 the standardized unemployment rates were 10.1 and 10.3 percent, respectively (OECD Economic Outlook, June ...
A review of global fiscal stimulus
... a number of labour market challenges persist. At the same time, massive public spending, depressed economic activity, and reduced revenue are causing considerable fiscal pressure. As such, policy makers are urged to bring public expenditures under control, including scaling back programmes introduce ...
... a number of labour market challenges persist. At the same time, massive public spending, depressed economic activity, and reduced revenue are causing considerable fiscal pressure. As such, policy makers are urged to bring public expenditures under control, including scaling back programmes introduce ...
RDSP FAQs - Mackenzie Investments
... 14. What is a specified disability savings plan (SDSP)? This is provided to beneficiaries who have a shortened life expectancy – 5 years or less. A doctor must certify in writing that the beneficiary has 5 years or less to live and then they make and election to turn the plan into a specified plan ...
... 14. What is a specified disability savings plan (SDSP)? This is provided to beneficiaries who have a shortened life expectancy – 5 years or less. A doctor must certify in writing that the beneficiary has 5 years or less to live and then they make and election to turn the plan into a specified plan ...
Review Quiz Answers Econ 103
... per person equals the subsistence level. In classical growth theory, an increase in labor productivity leads to higher incomes, which causes population increases that return real GDP per person to the subsistence level because of diminishing returns to labor. In the classical growth theory, an incre ...
... per person equals the subsistence level. In classical growth theory, an increase in labor productivity leads to higher incomes, which causes population increases that return real GDP per person to the subsistence level because of diminishing returns to labor. In the classical growth theory, an incre ...
In The Vanguard Core Edition Summer 2012
... Volatile markets, historically low bond yields, a shaky global economy, and an uncertain outlook for the future have prompted some in the financial community to raise the alarm: “It’s different this time.” “It’s a new normal.” “It’s a brave new world.” It’s a provocative message. It’s compelling. Bu ...
... Volatile markets, historically low bond yields, a shaky global economy, and an uncertain outlook for the future have prompted some in the financial community to raise the alarm: “It’s different this time.” “It’s a new normal.” “It’s a brave new world.” It’s a provocative message. It’s compelling. Bu ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... Another avenue that monetary authorities can fight deflation is to devalue the domestic currency via large open market sales of the domestic currency in order to generate sufficient import price inflation and raising foreign demand for domestic goods and services. However, in Zimbabwe monetary autho ...
... Another avenue that monetary authorities can fight deflation is to devalue the domestic currency via large open market sales of the domestic currency in order to generate sufficient import price inflation and raising foreign demand for domestic goods and services. However, in Zimbabwe monetary autho ...
Advanced Studies in International Economic Policy Research Kiel
... The signing of the Maastricht Treaty and the introduction of the EMU brought about changes in the way that fiscal policy is conducted in the EMU. These changes include, among other things, the restrictions imposed by the Stability and Growth Pact. Motivated by these changes, a number of econometric ...
... The signing of the Maastricht Treaty and the introduction of the EMU brought about changes in the way that fiscal policy is conducted in the EMU. These changes include, among other things, the restrictions imposed by the Stability and Growth Pact. Motivated by these changes, a number of econometric ...
Monetary Policy
... of returning bank reserves and the monetary base to more normal levels. Unfortunately, as of July 2010, the economy was recovering more slowly than the Fed had hoped. •Since most macroeconomic policy consists of monetary policy, it was not surprising that Bernanke was the center of attention as the ...
... of returning bank reserves and the monetary base to more normal levels. Unfortunately, as of July 2010, the economy was recovering more slowly than the Fed had hoped. •Since most macroeconomic policy consists of monetary policy, it was not surprising that Bernanke was the center of attention as the ...
Fiscal Rules for Resource Windfall Allocation: The Case of
... dependence on the fortunes of the energy sector makes the economy highly vulnerable to energy price shocks. Table 1 shows the economic contribution of the energy sector to the Trinidad and Tobago economy. Since 2000, the economy has become more …scally dependent on the energy sector— which accounts ...
... dependence on the fortunes of the energy sector makes the economy highly vulnerable to energy price shocks. Table 1 shows the economic contribution of the energy sector to the Trinidad and Tobago economy. Since 2000, the economy has become more …scally dependent on the energy sector— which accounts ...
The Impact of Foreign Interest Rates on the Economy
... domestic interest rates and the impact is much stronger for pegs, while they do not appear to have an effect on variables such as exports to the base country. These findings, along with the differences seen across exchange rate regimes, suggest that the direct interest rate channel may be the primar ...
... domestic interest rates and the impact is much stronger for pegs, while they do not appear to have an effect on variables such as exports to the base country. These findings, along with the differences seen across exchange rate regimes, suggest that the direct interest rate channel may be the primar ...
lost decade
... (especially private fixed investment) may have been the main culprit of the slowdown of the Japanese economy after 1991. To examine this contention more directly, I next analyze the change in the average annualized real growth rate of each component of GDP and the contribution of each component of G ...
... (especially private fixed investment) may have been the main culprit of the slowdown of the Japanese economy after 1991. To examine this contention more directly, I next analyze the change in the average annualized real growth rate of each component of GDP and the contribution of each component of G ...
NBER WORKING PAPER SERIES Hanno Lustig
... value of the housing stock was low relative to output, while the gradual decline in the equity premium in the post-war period coincided with a sustained increase in housing values. This time-variation in equity premia cannot be accounted for in standard asset pricing models (Breeden (1979) and Lucas ...
... value of the housing stock was low relative to output, while the gradual decline in the equity premium in the post-war period coincided with a sustained increase in housing values. This time-variation in equity premia cannot be accounted for in standard asset pricing models (Breeden (1979) and Lucas ...
Key Sectors - Malawi
... • 100% Investment allowance on New and Unused Industrial Buildings ,Plant and Machinery • No Minimum Tax Based on Turnover • 25 % Export Allowance on revenue for non-traditional exports • No Taxes on Gains from sell of Shares that are held for more than 1 year. • 40% Investment Allowances for used B ...
... • 100% Investment allowance on New and Unused Industrial Buildings ,Plant and Machinery • No Minimum Tax Based on Turnover • 25 % Export Allowance on revenue for non-traditional exports • No Taxes on Gains from sell of Shares that are held for more than 1 year. • 40% Investment Allowances for used B ...
Reassessing Discretionary Fiscal Policy
... graphical representation is the same one that was proposed in Taylor [1995, 2000] and Romer [2000]). Three Relationships and Graph The first relationship is a monetary policy rule describing how the Fed changes the interest rate in response to inflation. According to this policy rule, when the infla ...
... graphical representation is the same one that was proposed in Taylor [1995, 2000] and Romer [2000]). Three Relationships and Graph The first relationship is a monetary policy rule describing how the Fed changes the interest rate in response to inflation. According to this policy rule, when the infla ...
Unemployment (Fears) and Deflationary Spirals
... own individual-specific, intertemporal marginal rate of substitution (MRS).5 By contrast, a typical set of assumptions in the literature is that workers jointly own the productive asset at equal shares, that these shares cannot be sold, and that discounting of the returns of this asset occurs with s ...
... own individual-specific, intertemporal marginal rate of substitution (MRS).5 By contrast, a typical set of assumptions in the literature is that workers jointly own the productive asset at equal shares, that these shares cannot be sold, and that discounting of the returns of this asset occurs with s ...
The Effects of 2008 Crisis on Turkish Insurance Industry
... “As shown in Figure 1, both the investor and issuer bases have expanded substantially since ILS (Insurance Linked Securities) were issued. Whereas in the initial stages, insurers and reinsurers absorbed more than half of the ILS capacity issued, they now play a very minor role as investor (less than ...
... “As shown in Figure 1, both the investor and issuer bases have expanded substantially since ILS (Insurance Linked Securities) were issued. Whereas in the initial stages, insurers and reinsurers absorbed more than half of the ILS capacity issued, they now play a very minor role as investor (less than ...
UNDERLYING FACTORS OF PERSISTENT INFLATION IN ROMANIA
... rightward. If in the initial situation the economy was at its natural level, now the output will outrun its natural level; thus the unemployment will a experience a decline below the natural level generating higher wages and as a consequence the aggregate supply curve will quickly begin to shift lef ...
... rightward. If in the initial situation the economy was at its natural level, now the output will outrun its natural level; thus the unemployment will a experience a decline below the natural level generating higher wages and as a consequence the aggregate supply curve will quickly begin to shift lef ...
The_Taylor_Rule_in_the_1920s16 Full text of working paper
... Taylor now argues that rates below those prescribed by his rule can fuel asset bubbles. The British and New Zealand cases present a problem for his analysis, since we have the asset boom in the absence of exceptionally low bank rates. If we find for the 1920s that interest rate policy was generally ...
... Taylor now argues that rates below those prescribed by his rule can fuel asset bubbles. The British and New Zealand cases present a problem for his analysis, since we have the asset boom in the absence of exceptionally low bank rates. If we find for the 1920s that interest rate policy was generally ...
ARTICLE - Harvard JOL
... could be implemented quickly to alleviate the poverty and hardship caused by the Depression.17 Consequently, the 1935 Act authorized immediate appropriations for several new welfare programs.18 For the long term, however, Congress believed that a better solution—one that prevented poverty in the fir ...
... could be implemented quickly to alleviate the poverty and hardship caused by the Depression.17 Consequently, the 1935 Act authorized immediate appropriations for several new welfare programs.18 For the long term, however, Congress believed that a better solution—one that prevented poverty in the fir ...
The Budget Outlook and Options for Fiscal Policy
... revenues and spending under the assumptions that current laws and policies remain unchanged” (CBO 2002a, p. xiii). These rules and practices, however, are not necessarily the most useful or appropriate choices if one wishes to gauge the government’s fiscal condition or to estimate the funds that mig ...
... revenues and spending under the assumptions that current laws and policies remain unchanged” (CBO 2002a, p. xiii). These rules and practices, however, are not necessarily the most useful or appropriate choices if one wishes to gauge the government’s fiscal condition or to estimate the funds that mig ...
PROFIT SQUEEZE AND KEYNESIAN THEORY - unu
... Although the same class is assumed to save as well as to invest, saving and investment remain separate and distinct actions. ...
... Although the same class is assumed to save as well as to invest, saving and investment remain separate and distinct actions. ...
Chapter 19 Output and Inflation in the Short Run: Aggregate Supply
... natural rate when people underestimate or overestimate the rate of inflation. This might seem to suggest that economic activity can only deviate from its long run trend for extended periods of time if expectations are ’sticky’ in the sense that economic agents keep on overestimating or underestimati ...
... natural rate when people underestimate or overestimate the rate of inflation. This might seem to suggest that economic activity can only deviate from its long run trend for extended periods of time if expectations are ’sticky’ in the sense that economic agents keep on overestimating or underestimati ...
k - Université de Liège
... We can obviously use the growth rate to calculate the level of f(k*) if we know f[k(0)]: f(k*) = exp(Rt) f[k(0)] To sum up, the growth rate of f[k(t)] is a non-linear function of k(t). It decreases as k(t) increases due to the concavity of the production function. Therefore, for linear estimation pu ...
... We can obviously use the growth rate to calculate the level of f(k*) if we know f[k(0)]: f(k*) = exp(Rt) f[k(0)] To sum up, the growth rate of f[k(t)] is a non-linear function of k(t). It decreases as k(t) increases due to the concavity of the production function. Therefore, for linear estimation pu ...