Phillips curve
... reducing inflation might be, a group of economics professors was leading an intellectual revolution that would challenge the conventional wisdom on the sacrifice ratio. This group included such prominent economists as Robert Lucas, Thomas Sargent, and Robert Barro. • The theory of rational expectati ...
... reducing inflation might be, a group of economics professors was leading an intellectual revolution that would challenge the conventional wisdom on the sacrifice ratio. This group included such prominent economists as Robert Lucas, Thomas Sargent, and Robert Barro. • The theory of rational expectati ...
NBER WORKING PAPER SERIES Craig Burnside
... factors. Assets that are more exposed to aggregate risk earn higher average returns. Our empirical analysis demonstrates that low-income countries (with presumably high returns to capital) that exhibit surprisingly low growth (relative to the predictions of the neoclassical model) tend to be more he ...
... factors. Assets that are more exposed to aggregate risk earn higher average returns. Our empirical analysis demonstrates that low-income countries (with presumably high returns to capital) that exhibit surprisingly low growth (relative to the predictions of the neoclassical model) tend to be more he ...
Savings, Investment, & Financial Institutions
... The supply of loanable funds comes from saving: Households with extra income can loan it out and earn interest. Public saving, if positive, adds to national saving and the supply of loanable funds. If negative, it reduces national saving and the supply of loanable funds. ...
... The supply of loanable funds comes from saving: Households with extra income can loan it out and earn interest. Public saving, if positive, adds to national saving and the supply of loanable funds. If negative, it reduces national saving and the supply of loanable funds. ...
A Lesson from the Great Depression that the Fed
... …nd this to be a plausible way to model their holdings of Treasury securities. Using data to estimate the degree of segmentation, we …nd that it was much higher for 1920-32 than for 2008-2009; thus, agents were not able to substitute between the di¤erent types of Treasury securities (as they would h ...
... …nd this to be a plausible way to model their holdings of Treasury securities. Using data to estimate the degree of segmentation, we …nd that it was much higher for 1920-32 than for 2008-2009; thus, agents were not able to substitute between the di¤erent types of Treasury securities (as they would h ...
risks associated with financial instruments (glossary)
... Furthermore, the above analysis shall not be construed as and does not constitute an invitation to enter into any kind of agreement with the Lombard Odier nor a request or offer, solicitation or recommendation to buy or sell investments or other specific financial instruments, products or services. ...
... Furthermore, the above analysis shall not be construed as and does not constitute an invitation to enter into any kind of agreement with the Lombard Odier nor a request or offer, solicitation or recommendation to buy or sell investments or other specific financial instruments, products or services. ...
Saving and Investment
... The supply of loanable funds comes from saving: Households with extra income can loan it out and earn interest. Public saving, if positive, adds to national saving and the supply of loanable funds. If negative, it reduces national saving and the supply of loanable funds. ...
... The supply of loanable funds comes from saving: Households with extra income can loan it out and earn interest. Public saving, if positive, adds to national saving and the supply of loanable funds. If negative, it reduces national saving and the supply of loanable funds. ...
Financial Accounting: Assets Question 1 (30 marks) Multiple choice
... not to control those decisions. That influence can be achieved, under certain circumstances, with any level of ownership. f. 2) Cost is normally defined as the fair value of the consideration given up to acquire the asset. g. 4) Under the equity method of accounting for investments in associates, d ...
... not to control those decisions. That influence can be achieved, under certain circumstances, with any level of ownership. f. 2) Cost is normally defined as the fair value of the consideration given up to acquire the asset. g. 4) Under the equity method of accounting for investments in associates, d ...
US Quantitative Easing and the Global Monetary Policymaking
... that international monetary policy spillover is a result of mutual resistance to higher instability due to capital inflows and exchange rate movement. Second, as argued by Bruno and Shin (2015), lower US dollar interest rates which cause an appreciation of exchange rates of the other economies incre ...
... that international monetary policy spillover is a result of mutual resistance to higher instability due to capital inflows and exchange rate movement. Second, as argued by Bruno and Shin (2015), lower US dollar interest rates which cause an appreciation of exchange rates of the other economies incre ...
CEDAR REALTY TRUST, INC.
... Cedar Realty Trust Partnership, L.P. (the “Operating Partnership”) is the entity through which the Company conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. At June 30, 2015, the Company owned a 99.5% economic interest in, ...
... Cedar Realty Trust Partnership, L.P. (the “Operating Partnership”) is the entity through which the Company conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. At June 30, 2015, the Company owned a 99.5% economic interest in, ...
Fiscal policy, pricing frictions and monetary accommodation
... This paper investigates empirically whether the theoretical conditions for government expenditure expansions to be effective, hold for the data. We take the predictions from a large class of New Keynesian models currently in use in academic and policy institutions, at face value, and ask whether the ...
... This paper investigates empirically whether the theoretical conditions for government expenditure expansions to be effective, hold for the data. We take the predictions from a large class of New Keynesian models currently in use in academic and policy institutions, at face value, and ask whether the ...
Remittances To Latin America And The Caribbean in 2012
... In the case of Central America, following the effects of the crisis, the flow of remittances began to recover earlier than in other sub-regions, growing by 5.2% in 2010. This tendency for growth became stronger in 2011 with an annual growth rate of 7.0%, carrying into the first quarter of 2012 with ...
... In the case of Central America, following the effects of the crisis, the flow of remittances began to recover earlier than in other sub-regions, growing by 5.2% in 2010. This tendency for growth became stronger in 2011 with an annual growth rate of 7.0%, carrying into the first quarter of 2012 with ...
Chapter 27 Insert B
... shift downward given that individuals will need to work 5 more years before retiring. There is less need to save for retirement. (d) The consumption schedule will shift upward and the saving schedule will shift downward because individuals expect to be earning higher income in the future. (e) The co ...
... shift downward given that individuals will need to work 5 more years before retiring. There is less need to save for retirement. (d) The consumption schedule will shift upward and the saving schedule will shift downward because individuals expect to be earning higher income in the future. (e) The co ...
Chapter 27 Insert B
... shift downward given that individuals will need to work 5 more years before retiring. There is less need to save for retirement. (d) The consumption schedule will shift upward and the saving schedule will shift downward because individuals expect to be earning higher income in the future. (e) The co ...
... shift downward given that individuals will need to work 5 more years before retiring. There is less need to save for retirement. (d) The consumption schedule will shift upward and the saving schedule will shift downward because individuals expect to be earning higher income in the future. (e) The co ...
Mankiw 6e PowerPoints
... Y/Y depends on growth in the factors of production and on technological progress (all of which we take as given, for now). Hence, the Quantity Theory predicts a one-for-one relation between changes in the money growth rate and changes in the inflation rate. CHAPTER 4 Money and Inflation ...
... Y/Y depends on growth in the factors of production and on technological progress (all of which we take as given, for now). Hence, the Quantity Theory predicts a one-for-one relation between changes in the money growth rate and changes in the inflation rate. CHAPTER 4 Money and Inflation ...
The composition of government spending and the multiplier at the
... increasing productive government spending is effectively an aggregate demand policy. This is why the all-productive and first polar/ARRA1 cases yield very similar results (which we do not report for the ARRA1 to save space on the graph): beyond γ = 0.35, productive and non-substitutable government s ...
... increasing productive government spending is effectively an aggregate demand policy. This is why the all-productive and first polar/ARRA1 cases yield very similar results (which we do not report for the ARRA1 to save space on the graph): beyond γ = 0.35, productive and non-substitutable government s ...
Housing and the Monetary Transmission Mechanism Frederic S. Mishkin
... Expectations of house price appreciation are hard to measure, so evaluating the importance of this monetary transmission mechanism is by no means easy. That said, analysis at the Federal Reserve Board has found some evidence that fluctuations in the (lagged) trend growth rate of house prices (which ...
... Expectations of house price appreciation are hard to measure, so evaluating the importance of this monetary transmission mechanism is by no means easy. That said, analysis at the Federal Reserve Board has found some evidence that fluctuations in the (lagged) trend growth rate of house prices (which ...
Policy Trade-o¤s and International Spillover E¤ects at the Zero Bound Alex Haberis
... to as ‘home’) is a¤ected by the presence of the ZLB both at home and abroad (in a large economy, referred to as ‘foreign’) in a new Keynesian model along the lines of Gali and Monacelli (2005) and De Paoli (2009). In our model central banks in both countries choose their policies optimally with resp ...
... to as ‘home’) is a¤ected by the presence of the ZLB both at home and abroad (in a large economy, referred to as ‘foreign’) in a new Keynesian model along the lines of Gali and Monacelli (2005) and De Paoli (2009). In our model central banks in both countries choose their policies optimally with resp ...
inflation modeling for the sudan 1970-2002
... disruption was more several. At those times inflation mainly resulted from the strain of warfare and its disruption of production. “In the 1920’s, stable price levels had been resorted almost everywhere. In 1930’s,the great depression spread over to many countries. Most of the industrial countries e ...
... disruption was more several. At those times inflation mainly resulted from the strain of warfare and its disruption of production. “In the 1920’s, stable price levels had been resorted almost everywhere. In 1930’s,the great depression spread over to many countries. Most of the industrial countries e ...
Pricing Convertible Bonds using Stochastic Interest Rate
... A convertible bond is a bond that may be converted into stocks. Just like a normal bond it has a face value that will be paid back at the date of maturity. The holder has the right to convert the bond into a predetermined number of shares in the company in a given period of time. The convertible bon ...
... A convertible bond is a bond that may be converted into stocks. Just like a normal bond it has a face value that will be paid back at the date of maturity. The holder has the right to convert the bond into a predetermined number of shares in the company in a given period of time. The convertible bon ...
Monetary Policy Spillovers and the Trilemma in the New Normal
... strategy is reliant on the exports of a narrower variety of manufactured goods or commodities than advanced economies with more diversified economic structures. ...
... strategy is reliant on the exports of a narrower variety of manufactured goods or commodities than advanced economies with more diversified economic structures. ...
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.