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Effectiveness of devaluation in achieving Internal and External
Effectiveness of devaluation in achieving Internal and External

... using annual time series data for the external balance from 1974-2014 and for the internal balance from 2006/7-2015. The main focus of the internal balance analysis will be the recent devaluation especially the 2009/10 and 2010/11 devaluations and for both internal and external balance analysis this ...
interest rate and inflation risks in PFI contracts
interest rate and inflation risks in PFI contracts

... x During the bid period, Authorities have generally accepted interest-rate risk, in the form of potential adjustment (up or down) to the Unitary Charge until this risk is hedged, by the preferred bidder, at (or around) Financial Close when the Unitary Charge level is finally set. So far this Applic ...
Unemployment-Inflation Relationship
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... is perhaps a more appropriate alternative. Also generated by BLS, the ECI measures the change over time in the cost of labor. The cost of labor includes wages and salaries and employer costs for employee benefits. Interestingly, the Phillips curve is actually supposed to reflect the relationship bet ...
A Antonio Martino
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Macroeconomic Factors and the Correlation of Stock and Bond
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... common exposure to macroeconomic factors: expected inflation, the real interest rate, and unexpected inflation. Section 3 constructs the measures for the uncertainty about macroeconomic factors. We construct two measures for the uncertainty about expected inflation: a short-term measure derived usin ...
This PDF is a selection from a published volume from
This PDF is a selection from a published volume from

... first-order adjustment costs are nil in the vicinity of the deterministic steady state. The parameter K is positive. Owners of physical capital can control the intensity at which this factor is utilized. Formally, we let ut measure capacity utilization in period t. We assume that using the stock of ...
Have Increases in Federal Reserve Transparency Improved Private
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NBER WORKING PAPER SERIES UNION Matteo Cacciatore
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Has Forward Guidance Been Effective?
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Macroeconomic Policy, Economic Stability, and the Federal Debt
Macroeconomic Policy, Economic Stability, and the Federal Debt

McGraw-Hill/Irwin - McGraw Hill Higher Education
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... • Inflation may not make a nation poorer. • It can redistribute income from those who do ...
McGraw-Hill/Irwin
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... • Inflation may not make a nation poorer. • It can redistribute income from those who do ...
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... out, given the persisting risks related to different economic and geopolitical factors. The negative impact of the deterioration in the external environment on the Mexican financial markets not only was perceived on the exchange rate evolution, but also on the performance of government securities’ i ...
Chapter 36 MC — Five Debates Over Macroeconomic Policy
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... TOP: Policy lags MSC: Definitional 22. Opponents of using policy to stabilize the economy generally believe that a. neither fiscal nor monetary policy have much impact on aggregate demand. b. attempts to stabilize the economy can increase the magnitude of economic fluctuations. c. unemployment and i ...
Here - Personal.psu.edu
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The Government Spending Multiplier in a Deep Recession
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... recent paper by Dupor & Li (2015), in which they show that the ARRA did not cause a rise in expected inflation.3 Theoretically, aside from a few attempts to explain why the multiplier might be higher in a recession than in an expansion,4 most of the papers on this subject have been focused on episod ...
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... which were perceived as a major concern until the last quarter of 2008, have been overtaken by fears of deflation in developed countries. The contraction in global trade and financial flows have led to severe downturns in many emerging market economies, including Turkey. After having slowed down tow ...
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R e s e r v e B... Vo l u m e 6 4 ... C o n t e n t s

... appointees would be of such a high calibre. Professor Svensson argued that assigning responsibility for monetary policy decisions to a committee would mean that monetary policy would not be so heavily dependent on the qualities of one individual. ...
The Influence of Macroeconomic Factors on Stock Markets
The Influence of Macroeconomic Factors on Stock Markets

... between these certain return of two firms and/or industry with assistance of common independent variables exist in any economy. Emin et al. examined the market based ratio(s) of four independent variables namely quarterly earnings per share, quarterly price to earnings ratio and quarterly market to ...
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Inflation targeting

Inflation targeting is a monetary policy in which a central bank has an explicit target inflation rate for the medium term and announces this inflation target to the public. The assumption is that the best that monetary policy can do to support long-term growth of the economy is to maintain price stability. The central bank uses interest rates, its main short-term monetary instrument.An inflation-targeting central bank will raise or lower interest rates based on above-target or below-target inflation, respectively. The conventional wisdom is that raising interest rates usually cools the economy to reign in inflation; lowering interest rates usually accelerates the economy, thereby boosting inflation.
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