“Fiscal Money” to End the Unending Crisis
... European Monetary Union (EMU) ever taking place, which would bring in significant change in its economic policy framework. Yet, we see the urgency of saving the EMU peripheral countries out of permanent stagnation. If a grand reform plan is unrealistic and exiting the single currency is not an optio ...
... European Monetary Union (EMU) ever taking place, which would bring in significant change in its economic policy framework. Yet, we see the urgency of saving the EMU peripheral countries out of permanent stagnation. If a grand reform plan is unrealistic and exiting the single currency is not an optio ...
Maxed out Canadians ready to cut debt www.pwc.com/ca/banking
... We believe the banks will experience a slowdown in lending growth over the next 12 months, which will only serve to intensify competition for volume. This competition, combined with the fear of increasing debt levels of Canadians, will result in increased regulatory oversight and tightening credit g ...
... We believe the banks will experience a slowdown in lending growth over the next 12 months, which will only serve to intensify competition for volume. This competition, combined with the fear of increasing debt levels of Canadians, will result in increased regulatory oversight and tightening credit g ...
Chapter 12
... that differ in coverage, accuracy, and timing. – The balance of payments accounts therefore seldom balance in practice. – The statistical discrepancy is the account added to or subtracted from the financial account to make it balance with the current account and capital account. ...
... that differ in coverage, accuracy, and timing. – The balance of payments accounts therefore seldom balance in practice. – The statistical discrepancy is the account added to or subtracted from the financial account to make it balance with the current account and capital account. ...
Government Sector and the Government Spending Multipliers
... This paper studies the effects of shocks to different components in government spending. Many researchers assume that the goods and services purchased by the government and households are homogenous when estimating the effects of government spending shocks. For example, Blanchard and Perotti (2002) ...
... This paper studies the effects of shocks to different components in government spending. Many researchers assume that the goods and services purchased by the government and households are homogenous when estimating the effects of government spending shocks. For example, Blanchard and Perotti (2002) ...
Building partnership between the parliamentarians and the private
... In some cases, a diverse and vibrant private sector can become an advocate for reform and increased transparency and accountability in government. An emerging middle class can build support for a more independent media, greater government transparency, increased democracy and improved government ser ...
... In some cases, a diverse and vibrant private sector can become an advocate for reform and increased transparency and accountability in government. An emerging middle class can build support for a more independent media, greater government transparency, increased democracy and improved government ser ...
REVIEW OF STRUCTURAL ADJUSTMENT IN THE PHILIPPINES
... creasingly dependent on foreign financing since the tax targets in the EFF program were not even approximated.The tax effortwas considereda key target in the programand was projectedto increasefromtheir 1975 level of 13.6 percentto 16 percentby the end of the program. In the course of the program,th ...
... creasingly dependent on foreign financing since the tax targets in the EFF program were not even approximated.The tax effortwas considereda key target in the programand was projectedto increasefromtheir 1975 level of 13.6 percentto 16 percentby the end of the program. In the course of the program,th ...
value based questions from all chapters
... demand for the domestic goods is expected to rise. A rise in exports is a key factor in domestic growth. It is bad because imports of essential capital goods become expensive. The market price of US dollar increased considerably leading to rise in the prices of imports of essential goods. What can c ...
... demand for the domestic goods is expected to rise. A rise in exports is a key factor in domestic growth. It is bad because imports of essential capital goods become expensive. The market price of US dollar increased considerably leading to rise in the prices of imports of essential goods. What can c ...
Principles of Economics Third Edition by Fred Gottheil
... • Increased use of credit cards during this period allowed people to buy more goods and services with less cash and lower demand deposit balances relative to nominal GDP.Gottheil - Principles of Economics, 4e ...
... • Increased use of credit cards during this period allowed people to buy more goods and services with less cash and lower demand deposit balances relative to nominal GDP.Gottheil - Principles of Economics, 4e ...
How Powerful Is Monetary Policy in the Long Run?
... continued, “By purchasing securities, the central bank can . . . [cause] the system to attain a new equilibrium at a permanently lower interest rate and a permanently higher rate of capital accumulation” (112). It is important to note that Metzler’s conclusion that monetary policy–induced changes in ...
... continued, “By purchasing securities, the central bank can . . . [cause] the system to attain a new equilibrium at a permanently lower interest rate and a permanently higher rate of capital accumulation” (112). It is important to note that Metzler’s conclusion that monetary policy–induced changes in ...
AN EMPIRICAL STUDY ON PUBLIC DEBT`S DETERMINANTS
... domestic and foreign demand. This conclusion is certainly in line with the findings of Reinhart and Rogoff (2009a; 2009b) that documented that after a serious financial crisis, public debt increases on average with 86 percents, the reason being generally the decline in the tax revenues due to slow GD ...
... domestic and foreign demand. This conclusion is certainly in line with the findings of Reinhart and Rogoff (2009a; 2009b) that documented that after a serious financial crisis, public debt increases on average with 86 percents, the reason being generally the decline in the tax revenues due to slow GD ...
Mining Gold for the Currency during the Pax Romana
... Buiter (2007) deals in part with seignorage in the sense we are using the term, but also with the accounts of the central bank fairly generally. The textbooks of Walsh ...
... Buiter (2007) deals in part with seignorage in the sense we are using the term, but also with the accounts of the central bank fairly generally. The textbooks of Walsh ...
6. 431. The Cambridge Equation.indd
... Modigliani (1966), concluded that the “Cambridge Result” provided a possible steady-state solution, and not the most general solution. According to these contributors, the dual result, that is, the anti-Pasinetti equilibrium, also appears and stands fully symmetric to the Cambridge Equation. However ...
... Modigliani (1966), concluded that the “Cambridge Result” provided a possible steady-state solution, and not the most general solution. According to these contributors, the dual result, that is, the anti-Pasinetti equilibrium, also appears and stands fully symmetric to the Cambridge Equation. However ...
! Optimal International Reserves Behavior for Turkey K. Azim Özdemir
... to buy and sell the foreign currency at the pegged rate. Even in a floating exchange rate regime central banks may require international reserves to reduce the variability of exchange rates. Also by holding international reserves countries may improve the terms and conditions of loans offered in the ...
... to buy and sell the foreign currency at the pegged rate. Even in a floating exchange rate regime central banks may require international reserves to reduce the variability of exchange rates. Also by holding international reserves countries may improve the terms and conditions of loans offered in the ...
View PDF - CiteSeerX
... included a few additional government expenditures, which are not commonly used as countercyclical stabilization measures. The first large injection of government spending took place under G.W. Bush for the purposes of purchasing a large number of nonperforming financial assets from the balance sheet ...
... included a few additional government expenditures, which are not commonly used as countercyclical stabilization measures. The first large injection of government spending took place under G.W. Bush for the purposes of purchasing a large number of nonperforming financial assets from the balance sheet ...
Openness in goods markets
... The capital account balance, also known as net capital flows can be positive (negative) if foreign holdings of U.S. assets are greater (less) than U.S. holdings of foreign assets, in which case there is a capital account surplus (deficit). The numbers for current and capital account transactions are ...
... The capital account balance, also known as net capital flows can be positive (negative) if foreign holdings of U.S. assets are greater (less) than U.S. holdings of foreign assets, in which case there is a capital account surplus (deficit). The numbers for current and capital account transactions are ...
INSTITUTE OF ECONOMIC STUDIES
... conditions of the country as was intended in the Icesave agreement.. From initially being a matter of internal accounting between the failed and the new Landsbanki the Landsbanki bond now determines the rate of repayment, thereby creating an unforeseen risk. The CBI and other observers, i.a. the IM ...
... conditions of the country as was intended in the Icesave agreement.. From initially being a matter of internal accounting between the failed and the new Landsbanki the Landsbanki bond now determines the rate of repayment, thereby creating an unforeseen risk. The CBI and other observers, i.a. the IM ...
Deflation August26
... o Announcing explicit ceilings for yields, which could be enforced by committing to make unlimited purchases at those yields Influence directly the yields on privately issued securities Buy foreign government debt Money-financed tax cut or public spending, aka the ‘helicopter drop’ (this would requi ...
... o Announcing explicit ceilings for yields, which could be enforced by committing to make unlimited purchases at those yields Influence directly the yields on privately issued securities Buy foreign government debt Money-financed tax cut or public spending, aka the ‘helicopter drop’ (this would requi ...
Overlapping Families of Infinitely-Lived Agents
... Agents (dynasties) are thus born, but never die. Alternatively, this framework can be thought of as an extreme version of Blanchard’s (1985) model in which the instantaneous death probability, but not the birth rate, would have been set to zero.’ Whichever interpretation one prefers, the economy is ...
... Agents (dynasties) are thus born, but never die. Alternatively, this framework can be thought of as an extreme version of Blanchard’s (1985) model in which the instantaneous death probability, but not the birth rate, would have been set to zero.’ Whichever interpretation one prefers, the economy is ...
departamento de economía departamento de economía
... scale: the most severe since 1929. The direct cause of the crisis was the price shock in the US real estate market, in which house prices fell by 13% between 2007 and 2008, and by 30% between 2007 and 2009. Unlike traditional financial and banking crises, this one occurred in Shadow Banking, the par ...
... scale: the most severe since 1929. The direct cause of the crisis was the price shock in the US real estate market, in which house prices fell by 13% between 2007 and 2008, and by 30% between 2007 and 2009. Unlike traditional financial and banking crises, this one occurred in Shadow Banking, the par ...
Money and generalized exchange: A critical look at Neo
... accounts (both ‘historical’ and logical accounts) of the existence of money and its evolution. According to these outside money always comes into existence prior to inside money. Moreover inside money appears as a consequence and logical result of outside money. ...
... accounts (both ‘historical’ and logical accounts) of the existence of money and its evolution. According to these outside money always comes into existence prior to inside money. Moreover inside money appears as a consequence and logical result of outside money. ...
Vienna vs. Chicago on Monetary Issues
... “The key feature of this process [during which interest rates are low] is that it tends to raise the prices of sources of both producer and consumer services relative to the prices of the services themselves…. It therefore encourages the production of such sources and, at the same time, the direct ...
... “The key feature of this process [during which interest rates are low] is that it tends to raise the prices of sources of both producer and consumer services relative to the prices of the services themselves…. It therefore encourages the production of such sources and, at the same time, the direct ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... the thresholds are found to differ significantly across countries. In addition, the authors also find evidence of shifts in means and variances of exchange rate changes, stock returns, and interest differentials that coincide with the current account adjustment regimes identified by the model. Their p ...
... the thresholds are found to differ significantly across countries. In addition, the authors also find evidence of shifts in means and variances of exchange rate changes, stock returns, and interest differentials that coincide with the current account adjustment regimes identified by the model. Their p ...
Mining Gold for the Currency during the Pax Romana
... Buiter (2007) deals in part with seignorage in the sense we are using the term, but also with the accounts of the central bank fairly generally. The textbooks of Walsh ...
... Buiter (2007) deals in part with seignorage in the sense we are using the term, but also with the accounts of the central bank fairly generally. The textbooks of Walsh ...
Forecasting fiscal variables
... balance of governments using an inter-temporal budget constraint, they conclude that the primary surplus has significant explanatory power for achieving fiscal balance. Inflation plays only a very small role for the budget balance. Evidence for the fiscal balance in predicting inflation is found to ...
... balance of governments using an inter-temporal budget constraint, they conclude that the primary surplus has significant explanatory power for achieving fiscal balance. Inflation plays only a very small role for the budget balance. Evidence for the fiscal balance in predicting inflation is found to ...