- Official Site of BAGUS NURCAHYO
... N. Gregory Mankiw is Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. Today, he regul ...
... N. Gregory Mankiw is Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. Today, he regul ...
Equilibrium interest rate and liquidity premium under
... smoothing thereby raising the equity premium. In addition, they endogenize the rate of return ...
... smoothing thereby raising the equity premium. In addition, they endogenize the rate of return ...
Understanding Inflation as a Joint Monetary-Fiscal Phenomenon Eric M. Leeper Campbell Leith
... 8. With an increasing number of central banks now paying interest on reserves at rates close to those on short-term government bonds, one important distinction between high-powered money and nominal government bonds has disappeared, removing a principal distinction between monetary and fiscal policy ...
... 8. With an increasing number of central banks now paying interest on reserves at rates close to those on short-term government bonds, one important distinction between high-powered money and nominal government bonds has disappeared, removing a principal distinction between monetary and fiscal policy ...
Kenon Holdings Ltd.
... Beneficial Shareholders (TASE) : If you hold Kenon Shares other than in registered form as a “shareholder of record” and your Kenon Shares are traded on the TASE, you are regarded as a beneficial holder of Kenon Shares and you may only vote your shares in one of the following ways: (a) sign and dat ...
... Beneficial Shareholders (TASE) : If you hold Kenon Shares other than in registered form as a “shareholder of record” and your Kenon Shares are traded on the TASE, you are regarded as a beneficial holder of Kenon Shares and you may only vote your shares in one of the following ways: (a) sign and dat ...
Durable Goods, Inflation Risk and the Equilibrium Asset Prices
... at which point it is almost three times as large as the corresponding coefficient in non-durable consumption regressions, and it finally decreases to about -0.93 at a fiveyear horizon. While inflation being a bad news for future nondurable consumption is consistent with previous studies (see e.g. Ba ...
... at which point it is almost three times as large as the corresponding coefficient in non-durable consumption regressions, and it finally decreases to about -0.93 at a fiveyear horizon. While inflation being a bad news for future nondurable consumption is consistent with previous studies (see e.g. Ba ...
The effects of fiscal policy on the conduct and transmission
... and channels of monetary policy transmission. Sargent and Wallace (1981) first pointed out that, in a so-called “fiscal dominant” regime, where the fiscal authority sets its budget ...
... and channels of monetary policy transmission. Sargent and Wallace (1981) first pointed out that, in a so-called “fiscal dominant” regime, where the fiscal authority sets its budget ...
Farewell to cheap capital? The implications of long‑term shifts in
... will likely increase real long-term interest rates. That, in turn, will reduce realized investment and may prompt more saving, bringing the two into equilibrium. We do not predict how much interest rates will increase, but we find that if they were to return to their average since the early 1970s, t ...
... will likely increase real long-term interest rates. That, in turn, will reduce realized investment and may prompt more saving, bringing the two into equilibrium. We do not predict how much interest rates will increase, but we find that if they were to return to their average since the early 1970s, t ...
Q1. Which among the following statements are correct regarding
... acted independently while make war or peace, laying down policy with respect to Indian states etc. However, the concurrence of the body was obligatory before any expenditure out of Indian revenues was incurred or loans could be raised on their security. It was considered as the right arm of British ...
... acted independently while make war or peace, laying down policy with respect to Indian states etc. However, the concurrence of the body was obligatory before any expenditure out of Indian revenues was incurred or loans could be raised on their security. It was considered as the right arm of British ...
STEP - Merrill Lynch
... The STEP Income Securities ® Linked to the Common Stock of Delta Air Lines, Inc., due May , 2017 (the “notes”) are our senior unsecured debt securities. The notes are not guaranteed or insured by the Canada Deposit Insurance Corporation or the FDIC, and are not, either directly or indirectly, an obl ...
... The STEP Income Securities ® Linked to the Common Stock of Delta Air Lines, Inc., due May , 2017 (the “notes”) are our senior unsecured debt securities. The notes are not guaranteed or insured by the Canada Deposit Insurance Corporation or the FDIC, and are not, either directly or indirectly, an obl ...
Financial facts - Great West Life
... deducted. Investment expenses may vary yearly due to changes in the asset mix of the total participating account, economies of scale and other factors. The participating account return is reported for the calendar year Jan. 1, 2015, to Dec. 31, 2015. The participating account return is a short-term ...
... deducted. Investment expenses may vary yearly due to changes in the asset mix of the total participating account, economies of scale and other factors. The participating account return is reported for the calendar year Jan. 1, 2015, to Dec. 31, 2015. The participating account return is a short-term ...
Chapter 3. Will It Hurt?
... for identifying periods of fiscal consolidation. In particular, our approach focuses on policy actions intended to reduce the budget deficit. As we explain later, this approach helps us obtain more accurate estimates of the effects of tax hikes and spending cuts on economic activity. Methodologicall ...
... for identifying periods of fiscal consolidation. In particular, our approach focuses on policy actions intended to reduce the budget deficit. As we explain later, this approach helps us obtain more accurate estimates of the effects of tax hikes and spending cuts on economic activity. Methodologicall ...
Analyzing Yield, Duration and Convexity of Mortgage Loans under
... Ambrose and Sanders, 2003). Some researchers investigate mortgage risk premiums using the intensity-form approach. They insert the termination probability into the model and derive the equilibrium mortgage rate by calculating the risky mortgage yield. Comparing the mortgage rate of the risk-free mor ...
... Ambrose and Sanders, 2003). Some researchers investigate mortgage risk premiums using the intensity-form approach. They insert the termination probability into the model and derive the equilibrium mortgage rate by calculating the risky mortgage yield. Comparing the mortgage rate of the risk-free mor ...
The monetary policy of the ECB (Third edition, May 2011)
... takes into account new developments since the last edition was published in 2004. The implications for the legal framework of the entry into force of the Lisbon Treaty on 1 January 2009 have been taken into account. The overview of the main economic and financial features of the euro area economy ha ...
... takes into account new developments since the last edition was published in 2004. The implications for the legal framework of the entry into force of the Lisbon Treaty on 1 January 2009 have been taken into account. The overview of the main economic and financial features of the euro area economy ha ...
CHAPTER 5: RISK AND RETURN
... savings deposit with a specific time of maturity, that cannot be withdrawn on demand, put pays a somewhat higher rate of interest. Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. ...
... savings deposit with a specific time of maturity, that cannot be withdrawn on demand, put pays a somewhat higher rate of interest. Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. ...
Budget deficits and inflation feedback
... strong and positive. There are two concerns, among others, that complicate this relationship. Firstly, the economy may be operating either on the “efficient side” of the inflation tax Laffer curve (ITLC), where an increase in the budget deficit requires a higher steady state rate of inflation, or on ...
... strong and positive. There are two concerns, among others, that complicate this relationship. Firstly, the economy may be operating either on the “efficient side” of the inflation tax Laffer curve (ITLC), where an increase in the budget deficit requires a higher steady state rate of inflation, or on ...
2013 CFA Level 1 - Book 5 - Apache
... Certain materials contained within this text are the copyrighted property of CFA Institute. The following is the copyright disclosure for these materials: "Copyright, 2012, CFA Institute. Reproduced and republished from 2013 Learning Outcome Statements, Level I, II, and III questions from CFA® Progr ...
... Certain materials contained within this text are the copyrighted property of CFA Institute. The following is the copyright disclosure for these materials: "Copyright, 2012, CFA Institute. Reproduced and republished from 2013 Learning Outcome Statements, Level I, II, and III questions from CFA® Progr ...
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.