Demography and the Long-Run Predictability of the Stock Market
... postwar period and increased participation in the stock market, have also been used to justify the bull market of the 1950s.4 The period of declining stock prices from 1966 to 1982 has spawned fewer rationales, as documented by the well-known paper by Franco Modigliani and Richard Cohn.5 They argued ...
... postwar period and increased participation in the stock market, have also been used to justify the bull market of the 1950s.4 The period of declining stock prices from 1966 to 1982 has spawned fewer rationales, as documented by the well-known paper by Franco Modigliani and Richard Cohn.5 They argued ...
Bond Premiums and the Natural Real Rate of Interest
... financially stimulative and argues for greater monetary policy restraint, all else being equal. . . . thus, when the term premium declines, a higher short-term rate is required to obtain the long-term rate and the overall mix of financial conditions consistent with maximum sustainable employment and ...
... financially stimulative and argues for greater monetary policy restraint, all else being equal. . . . thus, when the term premium declines, a higher short-term rate is required to obtain the long-term rate and the overall mix of financial conditions consistent with maximum sustainable employment and ...
Corporate Finance
... Disney’s return on capital has improved gradually over the last decade and has levelled off in the last two years. ...
... Disney’s return on capital has improved gradually over the last decade and has levelled off in the last two years. ...
THE EFFECT OF LENDING INTEREST RATE ON ECONOMIC
... Adjustment for inflation, gives us the real GNP. 1.1.3 Effects of Interest Rate on Economic Growth The current Central Bank of Kenya (CBK) rate tends to determine how investors will invest their money, as the returns on both CDs and T-bonds are affected by this rate. When the CBK’s monetary policy c ...
... Adjustment for inflation, gives us the real GNP. 1.1.3 Effects of Interest Rate on Economic Growth The current Central Bank of Kenya (CBK) rate tends to determine how investors will invest their money, as the returns on both CDs and T-bonds are affected by this rate. When the CBK’s monetary policy c ...
- Department of Economics
... from this past, and given current increasing debt levels, to consider how best the government could consolidate fiscal policy and re-establish fiscal sustainability in the short- to medium term. To assess past fiscal policy the paper uses a Markov-switching model to estimate a fiscal reaction functi ...
... from this past, and given current increasing debt levels, to consider how best the government could consolidate fiscal policy and re-establish fiscal sustainability in the short- to medium term. To assess past fiscal policy the paper uses a Markov-switching model to estimate a fiscal reaction functi ...
The impact of government policy on macroeconomic variables: A
... indicative prices that guided farmers in negotiating sales. Actual food grain prices paid to farmers are now determined by market condtions. The focus of public investment has switched from new investments to rehabilitation, particularly of the deteriorating economic and social infrastructure, as a ...
... indicative prices that guided farmers in negotiating sales. Actual food grain prices paid to farmers are now determined by market condtions. The focus of public investment has switched from new investments to rehabilitation, particularly of the deteriorating economic and social infrastructure, as a ...
Informal sector and informal employment (ICLS & 2008 SNA)
... Relevant standards & guidelines • Resolution concerning statistics of employment in the informal sector, 15th ICLS • Guidelines concerning a statistical definition of informal employment, 17th ICLS ...
... Relevant standards & guidelines • Resolution concerning statistics of employment in the informal sector, 15th ICLS • Guidelines concerning a statistical definition of informal employment, 17th ICLS ...
In the wake of the crisis: Argentina`s new economic and labour
... For the ILO, it meant the start of a period of follow up to the Commission’s recommendations and support to national responses to the challenges of globalization. States, for their part, had to move from the general level of objectives and principles established in the Report to the application of s ...
... For the ILO, it meant the start of a period of follow up to the Commission’s recommendations and support to national responses to the challenges of globalization. States, for their part, had to move from the general level of objectives and principles established in the Report to the application of s ...
Medicare Prescription Drugs Medical Necessity Meets Fiscal Insanity No. 91
... Medicare drug benefit. First, the new program has many novel features, requiring the CBO to make numerous assumptions about how the complex policies proposed in the two bills would actually work. The resulting estimate is highly uncertain, and there is nothing in the legislation that would hold spen ...
... Medicare drug benefit. First, the new program has many novel features, requiring the CBO to make numerous assumptions about how the complex policies proposed in the two bills would actually work. The resulting estimate is highly uncertain, and there is nothing in the legislation that would hold spen ...
Policy Brief 17-16: The Payoff to America from Globalization: A Fresh
... 16. OECD (2003) stated its empirical results by saying that a 10 percentage-point increase in trade exposure leads to an increase in output per capita by 4 percent. Bradford et al. (2005) assumed that the typical trade exposure level was 50 percent of GDP. It should be noted that, since trade exposu ...
... 16. OECD (2003) stated its empirical results by saying that a 10 percentage-point increase in trade exposure leads to an increase in output per capita by 4 percent. Bradford et al. (2005) assumed that the typical trade exposure level was 50 percent of GDP. It should be noted that, since trade exposu ...
Chapter 28
... Change in Money Prices of Other Resources A change in the money prices of other resources changes aggregate supply because it changes firms’ costs. The higher the money prices of other resources, the higher are firms’ costs and the smaller is the quantity that firms are willing to supply at each pri ...
... Change in Money Prices of Other Resources A change in the money prices of other resources changes aggregate supply because it changes firms’ costs. The higher the money prices of other resources, the higher are firms’ costs and the smaller is the quantity that firms are willing to supply at each pri ...
CDs Bought at a Bank verses CD`s Bought from a Brokerage Floyd
... secondary market, this may not be true. The dividends of a brokered CD are typically paid into a “sweep” money market fund in the name of the CD owner. Of course, dividends might be reinvested at a “good” rate. (See the Side Bar Notes.) However, for the small investor, this is not easy to do and not ...
... secondary market, this may not be true. The dividends of a brokered CD are typically paid into a “sweep” money market fund in the name of the CD owner. Of course, dividends might be reinvested at a “good” rate. (See the Side Bar Notes.) However, for the small investor, this is not easy to do and not ...
Policy Brief 1
... and indirectly subsidize strategic economic sectors or groups with limited or no access to credit. Interest rate ceilings, which have a long history and are set according to different definition methodologies (e.g. fixed rate versus changing with the prevailing market conditions), are nowadays used ...
... and indirectly subsidize strategic economic sectors or groups with limited or no access to credit. Interest rate ceilings, which have a long history and are set according to different definition methodologies (e.g. fixed rate versus changing with the prevailing market conditions), are nowadays used ...
Exposure to international crises: trade vs. financial contagion
... The 2008 United States financial crisis and 2010-2013 European sovereign debt crisis triggered a period of weak global economic activity.7 The global economy experienced a worldwide recession from 2008-2009 followed by several years of anemic growth. Looking beyond the aggregate global impact of the ...
... The 2008 United States financial crisis and 2010-2013 European sovereign debt crisis triggered a period of weak global economic activity.7 The global economy experienced a worldwide recession from 2008-2009 followed by several years of anemic growth. Looking beyond the aggregate global impact of the ...
Modeling Portfolios that Contain Risky Assets I: Risk and
... and practice of portfolio management and financial engineering ever since. It presented his doctoral dissertation work at the Unversity of Chicago, for which he was awarded the Nobel Prize in Economics in 1990. It was the first work to quantify how diversifying a portfolio can reduce its risk withou ...
... and practice of portfolio management and financial engineering ever since. It presented his doctoral dissertation work at the Unversity of Chicago, for which he was awarded the Nobel Prize in Economics in 1990. It was the first work to quantify how diversifying a portfolio can reduce its risk withou ...
Feasibility Study for the Establishment of BCPA
... • The lack of research on TES has left the public misinformed about the characteristics of TES workers. The data tells us that: • TES workers in the sub-sector are largely medium-skilled and not just unskilled workers; • TES workers are more likely to be permanent rather than working on a limited or ...
... • The lack of research on TES has left the public misinformed about the characteristics of TES workers. The data tells us that: • TES workers in the sub-sector are largely medium-skilled and not just unskilled workers; • TES workers are more likely to be permanent rather than working on a limited or ...
Kathmandu Institute of Science and Technology
... labour force. People leave job for many reason and they take time to find new jobs because of lack of knowledge and mobility on part of the labour. This gives rise to temporary unemployment of those workers who are moving between jobs. Unemployment caused by movements of people from one job to anoth ...
... labour force. People leave job for many reason and they take time to find new jobs because of lack of knowledge and mobility on part of the labour. This gives rise to temporary unemployment of those workers who are moving between jobs. Unemployment caused by movements of people from one job to anoth ...
The AD curve shows the relationship between the inflation rate and
... wage or price must be set in order to maintain the desired level of purchasing power. But expectations of inflation in turn depend in part on recent experience with inflation. So we have a vicious (or virtuous circle), as high inflation leads to high expectations of inflation, which in turn leads to ...
... wage or price must be set in order to maintain the desired level of purchasing power. But expectations of inflation in turn depend in part on recent experience with inflation. So we have a vicious (or virtuous circle), as high inflation leads to high expectations of inflation, which in turn leads to ...
Fiscal Policy, Past and Present - University of California, Berkeley
... changes, into reductions in projected revenues, increases in projected expenditures, and the added debt service associated with these contributions to the national debt. As can be seen, the lion’s share of the reduction in the primary surplus is attributable to reductions in revenue, rather than inc ...
... changes, into reductions in projected revenues, increases in projected expenditures, and the added debt service associated with these contributions to the national debt. As can be seen, the lion’s share of the reduction in the primary surplus is attributable to reductions in revenue, rather than inc ...
WHY FOREIGN SAVINGS FAIL TO CAUSE GROWTH Luiz Carlos Bresser-Pereira Paulo Gala
... managed: in practice, countries, within certain limits, and within a reasonable span of time,6 manage their exchange rate. Actually, this management begins, in the model that we will present in this paper, with the very decision of adopting the growth with foreign savings strategy. When a country a ...
... managed: in practice, countries, within certain limits, and within a reasonable span of time,6 manage their exchange rate. Actually, this management begins, in the model that we will present in this paper, with the very decision of adopting the growth with foreign savings strategy. When a country a ...
NBER WORKING PAPER SERIES DEBT RELIEF AND FISCAL SUSTAINABILITY Sebastian Edwards 8939
... present value” of external debt used in these calculations is lower from the face value of the debt. The reason for this is that poor nations have access to concessional loans at subsidized interest rates.8 The sustainability model developed in this section expands previous work in several direction ...
... present value” of external debt used in these calculations is lower from the face value of the debt. The reason for this is that poor nations have access to concessional loans at subsidized interest rates.8 The sustainability model developed in this section expands previous work in several direction ...
Macro Econometric Modelling: A Practical Approach under EViews
... "A schematic simplification that strips away the non-essential aspects to reveal the inner working, shapes, or design of a more complicated mechanism" (Lawrence Klein, 1983: 1). So many books have been written on the subject of macroeconometric modelling that the usefulness of adding a new general c ...
... "A schematic simplification that strips away the non-essential aspects to reveal the inner working, shapes, or design of a more complicated mechanism" (Lawrence Klein, 1983: 1). So many books have been written on the subject of macroeconometric modelling that the usefulness of adding a new general c ...
Private_Lending_Presentation_Apartments
... Tired of the ups and downs of the stock market and low returns on CDs, savings accounts, and bonds? Are you worried you can’t retire? Is there an investment secured by an income producing asset with substantially higher returns than traditional investments available? Infinite Returns, LLC ...
... Tired of the ups and downs of the stock market and low returns on CDs, savings accounts, and bonds? Are you worried you can’t retire? Is there an investment secured by an income producing asset with substantially higher returns than traditional investments available? Infinite Returns, LLC ...
Financial shocks and macroeconomic policies during the Argentine
... abandoned its exchange rate peg while Argentina and Uruguay opted for maintaining their stabilisation plans. A long lasting recession started in Argentina and Uruguay, that nally led to an important economic crisis and to problems with the management of public debt. In a companion paper, Mourelle ( ...
... abandoned its exchange rate peg while Argentina and Uruguay opted for maintaining their stabilisation plans. A long lasting recession started in Argentina and Uruguay, that nally led to an important economic crisis and to problems with the management of public debt. In a companion paper, Mourelle ( ...