Vlandas , Tim. 'The impact of the elderly on inflation rates in developed countries' LEQS Paper No. 107, March 2016
... political parties are influenced by the share of elderly in their electorate. Using panel data regression analysis of party manifesto data, I find that political parties in countries with a larger share of elderly have more economically orthodox manifestos. The third step is a logical implication of ...
... political parties are influenced by the share of elderly in their electorate. Using panel data regression analysis of party manifesto data, I find that political parties in countries with a larger share of elderly have more economically orthodox manifestos. The third step is a logical implication of ...
Inflation Persistence: Alternative Interpretations and Policy Implications
... argue that this kind of evidence is not statistically significant. Benati (2006) analyzes the evolution of inflation persistence across countries and historical monetary regimes and observes that the degree of inflation persistence appears to have varied significantly and to have been lower in perio ...
... argue that this kind of evidence is not statistically significant. Benati (2006) analyzes the evolution of inflation persistence across countries and historical monetary regimes and observes that the degree of inflation persistence appears to have varied significantly and to have been lower in perio ...
Sample
... 58) The Securities and Exchange Commission (SEC) A) regulates only initial public offerings, or IPOs. B) regulates only primary market transactions to ensure investors are provided with adequate and accurate information on new securities. C) regulates both primary and secondary markets. D) regulates ...
... 58) The Securities and Exchange Commission (SEC) A) regulates only initial public offerings, or IPOs. B) regulates only primary market transactions to ensure investors are provided with adequate and accurate information on new securities. C) regulates both primary and secondary markets. D) regulates ...
What Does Measured FDI Actually Measure?
... US monetary policy rate. Again, a reasonable prior would be that FDI flows do not respond much, if at all, to changes in the policy rate within a quarter—i.e., the effect should be close to zero. To the extent that a decrease in the US policy rate leads to larger overall capital inflows to emerging- ...
... US monetary policy rate. Again, a reasonable prior would be that FDI flows do not respond much, if at all, to changes in the policy rate within a quarter—i.e., the effect should be close to zero. To the extent that a decrease in the US policy rate leads to larger overall capital inflows to emerging- ...
Monetary Policy Shocks and Consumer Inflation Expectations: An
... available (with nominal interest rates at the zero lower bound), many analysts argued that influencing expectations was virtually the only path to help reinvigorate aggregate demand using conventional monetary policy1 . In this vein, a number of economists called for inflation targets to be raised t ...
... available (with nominal interest rates at the zero lower bound), many analysts argued that influencing expectations was virtually the only path to help reinvigorate aggregate demand using conventional monetary policy1 . In this vein, a number of economists called for inflation targets to be raised t ...
Chapter 7 Bequests and the modified golden rule
... The optimality conditions (7.6), (7.7), and (7.8) illustrate a general principle of intertemporal optimization. First, no gain should be achievable by a reallocation of resources between two periods or between two generations. This is taken care of by the Euler equations (7.6) and (7.7).2 Second, th ...
... The optimality conditions (7.6), (7.7), and (7.8) illustrate a general principle of intertemporal optimization. First, no gain should be achievable by a reallocation of resources between two periods or between two generations. This is taken care of by the Euler equations (7.6) and (7.7).2 Second, th ...
A New Structure for US Federal Debt
... liquid: bid-‐ask spreads and other trading costs would decline, and price impact (how much prices go down if you try to buy or sell a large amount) would decline. Fixed-‐value debt will become esp ...
... liquid: bid-‐ask spreads and other trading costs would decline, and price impact (how much prices go down if you try to buy or sell a large amount) would decline. Fixed-‐value debt will become esp ...
NATIONAL OPEN UNIVERSITY OF NIGERIA MACROECONOMIC
... This course guide is built on prerequisite knowledge (i.e some fundamental bedrock that is expected to have been learnt in the previous levels vis-à-vis ECO 301), however, its simplicity will make the student assimilate faster and practice question at the end of each unit will also prepare the stude ...
... This course guide is built on prerequisite knowledge (i.e some fundamental bedrock that is expected to have been learnt in the previous levels vis-à-vis ECO 301), however, its simplicity will make the student assimilate faster and practice question at the end of each unit will also prepare the stude ...
mmi10 Posch 12046532 en
... In general equilibrium models, the stochastic discount factor is not only determined by the consumption-based first-order condition, but also linked to business cycle characteristics. In macroeconomics, dynamic stochastic general equilibrium models (DSGE) have been very successful in explaining co-m ...
... In general equilibrium models, the stochastic discount factor is not only determined by the consumption-based first-order condition, but also linked to business cycle characteristics. In macroeconomics, dynamic stochastic general equilibrium models (DSGE) have been very successful in explaining co-m ...
THE LINK BETWEEN DEFAULT AND RECOVERY RATES
... that the recovery rate depend on individual features like collateral or seniority, which do not respond to systematic factors. During the past decade an increased number of studies have been dedicated to the subject of recovery rate estimation and the association between default and recovery rates. ...
... that the recovery rate depend on individual features like collateral or seniority, which do not respond to systematic factors. During the past decade an increased number of studies have been dedicated to the subject of recovery rate estimation and the association between default and recovery rates. ...
EUROPEAN ECONOMY
... the Community, and second, yield efficiency gains. These gains and indirect benefits from economic integration can, in turn, translate into greater output gains, and possibly into sustained increases in the growth rate. This nexus of effects is analysed in the three studies by R. Baldwin, W. Molle a ...
... the Community, and second, yield efficiency gains. These gains and indirect benefits from economic integration can, in turn, translate into greater output gains, and possibly into sustained increases in the growth rate. This nexus of effects is analysed in the three studies by R. Baldwin, W. Molle a ...
chapter 2 estimating discount rates
... Investors who buy assets expect to earn returns over the time horizon that they hold the asset. Their actual returns over this holding period may be very different from the expected returns and it is this difference between actual and expected returns that gives rise to risk. For example, assume tha ...
... Investors who buy assets expect to earn returns over the time horizon that they hold the asset. Their actual returns over this holding period may be very different from the expected returns and it is this difference between actual and expected returns that gives rise to risk. For example, assume tha ...
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... For an aggregate supply shock we assume that output and prices move in the opposite direction. The central bank reacts to an adverse aggregate supply shock by increasing the nominal interest rate (see e.g. Peersman, 2005, and Fratzscher et al., 2009, for similar restrictions in VARs, and Peersman an ...
... For an aggregate supply shock we assume that output and prices move in the opposite direction. The central bank reacts to an adverse aggregate supply shock by increasing the nominal interest rate (see e.g. Peersman, 2005, and Fratzscher et al., 2009, for similar restrictions in VARs, and Peersman an ...
NBER WORKING PAPER SERIES CREDIT SPREADS AND MONETARY POLICY Vasco Cúrdia Michael Woodford
... such circumstances? For example, the Federal Reserve aggressively reduced its operating target for the federal funds rate in late 2007 and January 2008, though official statistics did not yet indicate that real GDP was declining, and according to many indicators inflation was if anything increasing; ...
... such circumstances? For example, the Federal Reserve aggressively reduced its operating target for the federal funds rate in late 2007 and January 2008, though official statistics did not yet indicate that real GDP was declining, and according to many indicators inflation was if anything increasing; ...
ADVANCED MACROECONMICS ECO 442
... The course, Advanced Macroeconomics is a compulsory course which carries two credit units for fourth year economics students in the School of Arts and Social Sciences at the National Open University of Nigeria (NOUN). It is prepared and made available to all undergraduate students in B.Sc. Economics ...
... The course, Advanced Macroeconomics is a compulsory course which carries two credit units for fourth year economics students in the School of Arts and Social Sciences at the National Open University of Nigeria (NOUN). It is prepared and made available to all undergraduate students in B.Sc. Economics ...
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 ...
Interest rate
An interest rate is the rate at which interest is paid by borrowers (debtors) for the use of money that they borrow from lenders (creditors). Specifically, the interest rate is a percentage of principal paid a certain number of times per period for all periods during the total term of the loan or credit. Interest rates are normally expressed as a percentage of the principal for a period of one year, sometimes they are expressed for different periods such as a month or a day. Different interest rates exist parallelly for the same or comparable time periods, depending on the default probability of the borrower, the residual term, the payback currency, and many more determinants of a loan or credit. For example, a company borrows capital from a bank to buy new assets for its business, and in return the lender receives rights on the new assets as collateral and interest at a predetermined interest rate for deferring the use of funds and instead lending it to the borrower.Interest-rate targets are a vital tool of monetary policy and are taken into account when dealing with variables like investment, inflation, and unemployment. The central banks of countries generally tend to reduce interest rates when they wish to increase investment and consumption in the country's economy. However, a low interest rate as a macro-economic policy can be risky and may lead to the creation of an economic bubble, in which large amounts of investments are poured into the real-estate market and stock market. In developed economies, interest-rate adjustments are thus made to keep inflation within a target range for the health of economic activities or cap the interest rate concurrently with economic growth to safeguard economic momentum.