Financial shocks and macroeconomic policies during the Argentine
... was in a great extent dollarized, and also the majority of the public debt was issued in foreign currency. The nancial problems of East Asia and Russia led to a reversal of capital ows to emerging countries and to Mercosur countries in particular (specially after the devaluation and default of Ru ...
... was in a great extent dollarized, and also the majority of the public debt was issued in foreign currency. The nancial problems of East Asia and Russia led to a reversal of capital ows to emerging countries and to Mercosur countries in particular (specially after the devaluation and default of Ru ...
FY 2016 Results - Direct Line Group
... As a result of the recent reduction in the Ogden discount rate, operating profit from Ongoing operations for 2016 has reduced by £175.1 million; the combined operating ratio (“COR”) from Ongoing operations has increased by 5.9 percentage points, mostly relating to 2015 and prior years business, with ...
... As a result of the recent reduction in the Ogden discount rate, operating profit from Ongoing operations for 2016 has reduced by £175.1 million; the combined operating ratio (“COR”) from Ongoing operations has increased by 5.9 percentage points, mostly relating to 2015 and prior years business, with ...
NBER WORKING PAPER SERIES EXCHANGE RATE VOLATILITY AND PRODUCTIVITY
... exchange rate holds as long as the volatility of …nancial market shocks is large compared to the volatility of real shocks. However, the source of shocks only matters at lower levels of …nancial development. In the second part of the paper, we test our theoretical predictions by conducting a system ...
... exchange rate holds as long as the volatility of …nancial market shocks is large compared to the volatility of real shocks. However, the source of shocks only matters at lower levels of …nancial development. In the second part of the paper, we test our theoretical predictions by conducting a system ...
THE MULTIPLIER EFFECT A FORMULA FOR THE SPENDING
... The multiplier effect seems to suggest that when the government buys $20 billion of planes from Boeing, the resulting expansion in aggregate demand is necessarily larger than $20 billion. Yet another effect is working in the opposite direction. While an increase in government purchases stimulates th ...
... The multiplier effect seems to suggest that when the government buys $20 billion of planes from Boeing, the resulting expansion in aggregate demand is necessarily larger than $20 billion. Yet another effect is working in the opposite direction. While an increase in government purchases stimulates th ...
Preparing for inflation - Charles Schwab Bank Collective Trust Funds
... of catalysts can fuel inflation, and these catalysts may be categorized into “demand-pull” or “cost-push” environments, or some combination of the two. Although each of these scenarios resulted in rising overall prices during the periods that we sampled, our studies suggest that the nature of the un ...
... of catalysts can fuel inflation, and these catalysts may be categorized into “demand-pull” or “cost-push” environments, or some combination of the two. Although each of these scenarios resulted in rising overall prices during the periods that we sampled, our studies suggest that the nature of the un ...
0001193125-14-167598 - Town Sports International Holdings, Inc.
... may be reduced by voluntary prepayments. In the three months ended March 31, 2014, the Company made a principal payment of $812 on the 2013 Term Loan Facility. The terms of the 2013 Senior Credit Facility provide for a financial covenant in the situation where the utilization of the revolving loan c ...
... may be reduced by voluntary prepayments. In the three months ended March 31, 2014, the Company made a principal payment of $812 on the 2013 Term Loan Facility. The terms of the 2013 Senior Credit Facility provide for a financial covenant in the situation where the utilization of the revolving loan c ...
CHAPTER IX THEORIES OP INFLATION There are seven important
... There are seven important theories of inflations 1, The cost-push theory of inflation 2« The demand-pull theory of inflation 3. Keynesian theory of inflation 4. Bent Hansen's dynamic'model of demand inflation 5. Schultze's sectoral demand-shift theory of inflation 6. The markup theory of inflation 7 ...
... There are seven important theories of inflations 1, The cost-push theory of inflation 2« The demand-pull theory of inflation 3. Keynesian theory of inflation 4. Bent Hansen's dynamic'model of demand inflation 5. Schultze's sectoral demand-shift theory of inflation 6. The markup theory of inflation 7 ...
ESSAYS ON FINANCIAL REFORMS AND MONETARY POLICY IN MALAWI A Thesis
... appeared to be associated with depreciations of the exchange rate rather than the expected real appreciation. There is also evidence of limited impact of a positive aid shock on depreciation and inflation when RBM targets monetary aggregates compared to when the authorities use the Taylor rule and i ...
... appeared to be associated with depreciations of the exchange rate rather than the expected real appreciation. There is also evidence of limited impact of a positive aid shock on depreciation and inflation when RBM targets monetary aggregates compared to when the authorities use the Taylor rule and i ...
IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.
... current resources into future capital, but lack available funds. The fundamental role of the financial system is to channel funds from the natural lenders to natural borrowers. Since higher rates of inflation act like a tax o real balances or bank reserves, we make an assumption an increase I the ra ...
... current resources into future capital, but lack available funds. The fundamental role of the financial system is to channel funds from the natural lenders to natural borrowers. Since higher rates of inflation act like a tax o real balances or bank reserves, we make an assumption an increase I the ra ...
Strategies for Controlling Inflation
... against activist policy was developed in papers by Kydland and Prescott (1977), Calvo (1978) and Barro and Gordon (1983), and is commonly referred to as the time-inconsistency problem of monetary policy. The time-inconsistency problem stems from the view that economic behaviour is influenced by expe ...
... against activist policy was developed in papers by Kydland and Prescott (1977), Calvo (1978) and Barro and Gordon (1983), and is commonly referred to as the time-inconsistency problem of monetary policy. The time-inconsistency problem stems from the view that economic behaviour is influenced by expe ...
Chapter 27: Aggregate Demand in the Goods and Money
... © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster ...
... © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster ...
Macroeconomic Effects of Fiscal Policy
... purpose of this article is to shed light, on an empirical basis, on the effects that can be expected from changes in government spending in Denmark. To that end, we provide an overview of existing empirical studies of fiscal policy, as well as a new empirical analysis of the impact of fiscal policy ...
... purpose of this article is to shed light, on an empirical basis, on the effects that can be expected from changes in government spending in Denmark. To that end, we provide an overview of existing empirical studies of fiscal policy, as well as a new empirical analysis of the impact of fiscal policy ...
KSA - KSU Faculty Member websites
... abound specially to countries where capital controls and black markets in currencies predominate. But due to the virtual absence of information and data on these later unofficial types of remittances, we concentrate our attention on remits that are transferred through the legal financial channels an ...
... abound specially to countries where capital controls and black markets in currencies predominate. But due to the virtual absence of information and data on these later unofficial types of remittances, we concentrate our attention on remits that are transferred through the legal financial channels an ...
Outlook Half Full
... in the post-WWII period and outperforming all other major developed and emerging market country equities. US equities have also exceeded their pre-crisis peaks of October 2007 and March 2000 by 75% and 103%, respectively, on a total return basis. This bull market has exceeded all other bull markets ...
... in the post-WWII period and outperforming all other major developed and emerging market country equities. US equities have also exceeded their pre-crisis peaks of October 2007 and March 2000 by 75% and 103%, respectively, on a total return basis. This bull market has exceeded all other bull markets ...
Inflation Targeting
... The primary monetary policy instrument of the BSP is the overnight RRP rate. The RRP rate is the rate at which the BSP borrows money from commercial banks within the country. The BSP raises or reduces its overnight RRP rate depending on the BSP’s assessment of the outlook for inflation and GDP growt ...
... The primary monetary policy instrument of the BSP is the overnight RRP rate. The RRP rate is the rate at which the BSP borrows money from commercial banks within the country. The BSP raises or reduces its overnight RRP rate depending on the BSP’s assessment of the outlook for inflation and GDP growt ...
II -Macro Eco - University of Mumbai
... produced in a year plus net income from abroad. This is the basic social accounting measure of the total output or aggregate supply of goods and services. GNP includes four type of final goods and services. First, consumers goods and services to satisfy, the immediate needs and wants of the people S ...
... produced in a year plus net income from abroad. This is the basic social accounting measure of the total output or aggregate supply of goods and services. GNP includes four type of final goods and services. First, consumers goods and services to satisfy, the immediate needs and wants of the people S ...
THE DEMAND FOR MONEY
... transfer of money. But this alone is not enough to generate a demand for money. To see why, suppose that there are two assets in the economy: bonds that pay risk free interest and money that bears no interest, but is used in all transactions. Also assume that it is free to exchange money for bonds a ...
... transfer of money. But this alone is not enough to generate a demand for money. To see why, suppose that there are two assets in the economy: bonds that pay risk free interest and money that bears no interest, but is used in all transactions. Also assume that it is free to exchange money for bonds a ...
The Democratization of Credit and the Rise in Consumer Bankruptcies
... ceiving a high endowment realization in the second period. To offer a lending contract, which specifies an interest rate, a borrowing limit and a set of eligible borrowers, an intermediary incurs a fixed cost. When designing loan contracts, lenders face an asymmetric information problem, as they ob ...
... ceiving a high endowment realization in the second period. To offer a lending contract, which specifies an interest rate, a borrowing limit and a set of eligible borrowers, an intermediary incurs a fixed cost. When designing loan contracts, lenders face an asymmetric information problem, as they ob ...
A Sluggish Trend of National Savings and its Causes: The Case of
... accomplished that savings have a very harmful relationship with interest rate and real Gross Domestic Product. The regression coefficients were in line with the theory. Some of the empirical studies have been also done to find out development of economic rural households due to rural saving mobiliza ...
... accomplished that savings have a very harmful relationship with interest rate and real Gross Domestic Product. The regression coefficients were in line with the theory. Some of the empirical studies have been also done to find out development of economic rural households due to rural saving mobiliza ...
English - Inter-American Development Bank
... In a related work, Carvallo and Pagliacci (2016) find that these two policy shocks appear to have significant effects on nominal credit. But their work does not attempt to investigate the associations that arise within the credit market or whether credit is being supplied by banks or demanded by cli ...
... In a related work, Carvallo and Pagliacci (2016) find that these two policy shocks appear to have significant effects on nominal credit. But their work does not attempt to investigate the associations that arise within the credit market or whether credit is being supplied by banks or demanded by cli ...
PDF
... decision-making in investment is subject to the comparative profit rates, which correspond to the comparative costs. The second model takes place when the comparative profit rates contradict comparative costs due to existing monopolistic elements in industries. Kojima (1975) used different terms to ...
... decision-making in investment is subject to the comparative profit rates, which correspond to the comparative costs. The second model takes place when the comparative profit rates contradict comparative costs due to existing monopolistic elements in industries. Kojima (1975) used different terms to ...
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.