NBER WORKING PAPER SERIES INTERNATIONAL RECESSIONS Fabrizio Perri Vincenzo Quadrini
... market asymmetry (more flexibility in the US and less flexibility in other G7 countries). With this extension credit shocks have the potential to explain the similar responses of GDP and financial markets and the asymmetric responses of employment and labor productivity. Our paper is related to the ...
... market asymmetry (more flexibility in the US and less flexibility in other G7 countries). With this extension credit shocks have the potential to explain the similar responses of GDP and financial markets and the asymmetric responses of employment and labor productivity. Our paper is related to the ...
ESB Dividend Policy Update July 2013
... medium to long term. The review is being undertaken by the relevant Government departments and NewERA and the Minister noted that he would engage further with ESB on this process. The Minister noted the need for ESB to have certainty on dividend policy over the medium to long term to enable informed ...
... medium to long term. The review is being undertaken by the relevant Government departments and NewERA and the Minister noted that he would engage further with ESB on this process. The Minister noted the need for ESB to have certainty on dividend policy over the medium to long term to enable informed ...
World Trade Organization Economic Research and Statistics Division
... and barriers to entry in the banking sector. These interventions often resulted in high interest rate spreads harming both lenders and borrowers and resulting in a shallow financial market. Besides directed credit programs and publicly owned banks do not necessarily channel funds into the most profi ...
... and barriers to entry in the banking sector. These interventions often resulted in high interest rate spreads harming both lenders and borrowers and resulting in a shallow financial market. Besides directed credit programs and publicly owned banks do not necessarily channel funds into the most profi ...
BIS Working Papers Asset prices, financial and monetary stability: exploring the nexus
... the evidence here is very limited. In a cross-country exercise, the link between real estate prices and consumer expenditure is analysed by Kennedy and Andersen (1994), which in addition contains a useful bibliography; see also Maclennan et al (1998). In the light of recent experience, the Federal R ...
... the evidence here is very limited. In a cross-country exercise, the link between real estate prices and consumer expenditure is analysed by Kennedy and Andersen (1994), which in addition contains a useful bibliography; see also Maclennan et al (1998). In the light of recent experience, the Federal R ...
The Macro Report - PGIM
... to 2.5%. Our Nowcast for the United States suggests the pace of growth rose steadily throughout the first quarter and exceeded 4% by March 31. What accounts for the difference is the weight that these various assessments place on “soft” versus “hard” data; clearly, the most impressive rises have bee ...
... to 2.5%. Our Nowcast for the United States suggests the pace of growth rose steadily throughout the first quarter and exceeded 4% by March 31. What accounts for the difference is the weight that these various assessments place on “soft” versus “hard” data; clearly, the most impressive rises have bee ...
CREF Social Choice
... higher commission rates on transactions, transfer taxes, higher custodial costs, and the potential for foreign tax charges on dividend and interest payments. Many foreign markets are relatively small, and securities issued in less-developed countries face the risks of nationalization, expropriation ...
... higher commission rates on transactions, transfer taxes, higher custodial costs, and the potential for foreign tax charges on dividend and interest payments. Many foreign markets are relatively small, and securities issued in less-developed countries face the risks of nationalization, expropriation ...
Topic 7 – How do I know what to buy?
... to shareholders. On average, listed companies distribute between 60% and 80% of profits to investors. A share with a payout ratio of 70% or higher is generally referred to as an income share. Examples of income shares include Hallenstein Glasson, Kiwi Income Property Trust, and Westfield Group. In m ...
... to shareholders. On average, listed companies distribute between 60% and 80% of profits to investors. A share with a payout ratio of 70% or higher is generally referred to as an income share. Examples of income shares include Hallenstein Glasson, Kiwi Income Property Trust, and Westfield Group. In m ...
Estimation of the marginal expected shortfall using extreme
... Goldman Sachs, Morgan Stanley, T. Rowe Price ...
... Goldman Sachs, Morgan Stanley, T. Rowe Price ...
2007/08 Outturn Position Statement
... 30. Members are asked to note that the Strategic Reserve is now set at 2% of our net budget excluding DSG and the Area Based Grant. This will result in a balance of £2.9m being held in this reserve. The reduction in balance of £1.5m will be transferred to Equal Pay and Job Evaluation Reserve (£1.3m) ...
... 30. Members are asked to note that the Strategic Reserve is now set at 2% of our net budget excluding DSG and the Area Based Grant. This will result in a balance of £2.9m being held in this reserve. The reduction in balance of £1.5m will be transferred to Equal Pay and Job Evaluation Reserve (£1.3m) ...
FREE Sample Here - We can offer most test bank and
... LOC: Understand the role of the finance function TOP: Expensive and unnecessary corporate diversification ...
... LOC: Understand the role of the finance function TOP: Expensive and unnecessary corporate diversification ...
3d_Dong He presentation_10 Dec (Bob paper)
... than ever envisaged to be a meaningful global reserve asset, needs to be backed by yield-enhancing claims on the asset side of the balance sheet ...
... than ever envisaged to be a meaningful global reserve asset, needs to be backed by yield-enhancing claims on the asset side of the balance sheet ...
Weekly Focus - Deflation grabs the headlines again
... considerable fall in the effective exchange rate supports competitiveness and thus exports and the continued fall in oil prices boosts consumption through higher real wage growth. In light of this, we expect the German economy to perform better in 2015 than it has done in 2014. ...
... considerable fall in the effective exchange rate supports competitiveness and thus exports and the continued fall in oil prices boosts consumption through higher real wage growth. In light of this, we expect the German economy to perform better in 2015 than it has done in 2014. ...
PowerPoint slides
... Pay me $1000 * (the number of inches of snow - 10) on 1 Jan 2002 c :: Contract c = at “1 Jan 2002” (scale scale_factor (one Dollar)) scale_factor :: Observable scale_factor = 1000 * (snow - 10) ...
... Pay me $1000 * (the number of inches of snow - 10) on 1 Jan 2002 c :: Contract c = at “1 Jan 2002” (scale scale_factor (one Dollar)) scale_factor :: Observable scale_factor = 1000 * (snow - 10) ...
doc
... For example, the present value of two payments, at times 1 and 2, is simply: A0 = A1/(1+i)1 + A2/(1+i)2 and if you have, say, 10 payments at 10 periods, you have 10 such terms. To represent this more generally, we make use of the following notation, where the greek letter Sigma means "sum" (add over ...
... For example, the present value of two payments, at times 1 and 2, is simply: A0 = A1/(1+i)1 + A2/(1+i)2 and if you have, say, 10 payments at 10 periods, you have 10 such terms. To represent this more generally, we make use of the following notation, where the greek letter Sigma means "sum" (add over ...
Chicago Board of Trade (CBOT)
... • A Swap futures contract transforms its underlying reference swap rate into an index number that essentially looks and behaves like the price of a 6% coupon note. The mapping from the par swap rate to the contract price is standardized and one-to-one. So is the mapping from the par swap rate to key ...
... • A Swap futures contract transforms its underlying reference swap rate into an index number that essentially looks and behaves like the price of a 6% coupon note. The mapping from the par swap rate to the contract price is standardized and one-to-one. So is the mapping from the par swap rate to key ...
Corporate Finance
... Economies of Scale: as output levels rise, per-unit costs decline. This is called spreading overhead. Gains result from increased specialization of labor and management, as well as the more efficient use of capital equipment, which is not possible at low output levels. However, after a given p ...
... Economies of Scale: as output levels rise, per-unit costs decline. This is called spreading overhead. Gains result from increased specialization of labor and management, as well as the more efficient use of capital equipment, which is not possible at low output levels. However, after a given p ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.