The Bank of Japan's Experience with Non-Traditional Monetary Policy* Kazuo Ueda
... and deteriorating real economy. The rate of inflation of CPI also fell below 1% by 1994. In response to such developments the BOJ cut the overnight interest rate to below 0.5% already in the summer of 1995, from the high of 8.6% in 1991. The economy did not recover fully despite the 800 basis point ...
... and deteriorating real economy. The rate of inflation of CPI also fell below 1% by 1994. In response to such developments the BOJ cut the overnight interest rate to below 0.5% already in the summer of 1995, from the high of 8.6% in 1991. The economy did not recover fully despite the 800 basis point ...
Risk and Return for Farmland Today
... • Negative relationship between rate of return on farmland and P/rent ratio at the time of purchase • Cyclically adjusted P/rent ratio is relatively high ...
... • Negative relationship between rate of return on farmland and P/rent ratio at the time of purchase • Cyclically adjusted P/rent ratio is relatively high ...
A farewell to urban/rural bias: peripheral finance capitalism in Mexico
... economic development of countries. The identification of these functions was based on the European experience, and they can roughly be grouped into two sets. First, there are functional contributions that relate to the formation of capital and a domestic market. Both neoclassical and Marxist deve ...
... economic development of countries. The identification of these functions was based on the European experience, and they can roughly be grouped into two sets. First, there are functional contributions that relate to the formation of capital and a domestic market. Both neoclassical and Marxist deve ...
Fixed Income in a Rising Rate Enviornment
... levels have more room to tighten. This may help reduce the overall yield increase if spreads tighten. The result is less of a decline in the prices of non-government bonds. However, if credit spreads are tight at the start of the rising rate period, there is little potential offset to falling bond p ...
... levels have more room to tighten. This may help reduce the overall yield increase if spreads tighten. The result is less of a decline in the prices of non-government bonds. However, if credit spreads are tight at the start of the rising rate period, there is little potential offset to falling bond p ...
Fed Faces Explaining Billion-Dollar Losses in QE Exit Stress
... on its bond holdings if they are sold. If losses from bond sales, and the interest the Fed pays to banks to fund its assets, exceeds income, the Fed accounts for it as a “deferred asset.” ...
... on its bond holdings if they are sold. If losses from bond sales, and the interest the Fed pays to banks to fund its assets, exceeds income, the Fed accounts for it as a “deferred asset.” ...
NBER WORKING PAPER SERIES INCOMPLETE MARKET DYNAMICS IN NEOCLASSICAL PRODUCTION ECONOMY George-Marios Angeletos
... How does incomplete risk-sharing affect the level and volatility of macroeconomic activity? We investigate this question in a neoclassical economy with missing markets and decentralized production. Idiosyncratic technological risks, unlike endowment shocks, introduce private risk premia on capital in ...
... How does incomplete risk-sharing affect the level and volatility of macroeconomic activity? We investigate this question in a neoclassical economy with missing markets and decentralized production. Idiosyncratic technological risks, unlike endowment shocks, introduce private risk premia on capital in ...
NBER WORKING PAPER SERIES IS FINANCIAL GLOBALIZATION BENEFICIAL? Frederic S. Mishkin
... countries in recent years, but most capital instead flows from one rich country to another where the returns on capital are similar.2 The amount of capital flowing to emerging market countries, which increased dramatically in the 1990s, and is now over $300 billion at an annual rate may sound like a ...
... countries in recent years, but most capital instead flows from one rich country to another where the returns on capital are similar.2 The amount of capital flowing to emerging market countries, which increased dramatically in the 1990s, and is now over $300 billion at an annual rate may sound like a ...
SUNTRUST BANKS INC (Form: 10-Q, Received: 08
... S-X, and accordingly do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentati ...
... S-X, and accordingly do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentati ...
Financial integration and emerging markets capital
... H1a. The degree of credit market integration is positively associated with corporate leverage in emerging markets. H1b. The degree of equity market integration is negatively associated with corporate leverage in emerging markets. Regarding debt maturity, we argue that emerging market firms are likel ...
... H1a. The degree of credit market integration is positively associated with corporate leverage in emerging markets. H1b. The degree of equity market integration is negatively associated with corporate leverage in emerging markets. Regarding debt maturity, we argue that emerging market firms are likel ...
LCwasL46_en.pdf
... adoption o f new technologies. He also raises "a serious question about the quality of the data we employ to measure output in today’s economy." These uncertainties that characterize the adoption of new technologies have been described by Stanford University Professor Nathan Rosenberg in a paper tit ...
... adoption o f new technologies. He also raises "a serious question about the quality of the data we employ to measure output in today’s economy." These uncertainties that characterize the adoption of new technologies have been described by Stanford University Professor Nathan Rosenberg in a paper tit ...
East German enterprises` profitability and financing in
... the corporate balance sheet statistics (e.g. holding companies) to which they transfer their profits or which assume their losses. 5 For comparisons with the profitability and financing of west German enterprises in the year under review, the basis of reference used in this article is a cylindered s ...
... the corporate balance sheet statistics (e.g. holding companies) to which they transfer their profits or which assume their losses. 5 For comparisons with the profitability and financing of west German enterprises in the year under review, the basis of reference used in this article is a cylindered s ...
NBER WORKING PAPER SERIES EXTERNALITY Joshua Aizenman
... The remarkable takeoff in the hoarding of international reserves by developing countries has been the focus of growing attention and controversies. A casual inspection of the International reserves/GDP ratio trends depicted in Figure 1, and the pattern of hoarding reserves by China in Figure 2, reve ...
... The remarkable takeoff in the hoarding of international reserves by developing countries has been the focus of growing attention and controversies. A casual inspection of the International reserves/GDP ratio trends depicted in Figure 1, and the pattern of hoarding reserves by China in Figure 2, reve ...
This PDF is a selection from a published volume from... Economic Research Volume Title: NBER International Seminar on Macroeconomics 2007
... unproductiveentrepreneurenjoys high rate of returns on production, which results in relatively high domestic real interest rate. Then, after liberalizationthere will be capital inflows toward both productive and unproductive entrepreneurs.The initial boom is amplified by the increasein asset price t ...
... unproductiveentrepreneurenjoys high rate of returns on production, which results in relatively high domestic real interest rate. Then, after liberalizationthere will be capital inflows toward both productive and unproductive entrepreneurs.The initial boom is amplified by the increasein asset price t ...
NBER WORKING PAPER SERIES Urban Jermann Vincenzo Quadrini
... value of firms quoted in Nasdaq and venture capital investment is not surprising, it is worth to be emphasized because it shows the close connection between the value that the market attributes to investment projects and the volume of funds injected in those projects. At the beginning of 2000, the s ...
... value of firms quoted in Nasdaq and venture capital investment is not surprising, it is worth to be emphasized because it shows the close connection between the value that the market attributes to investment projects and the volume of funds injected in those projects. At the beginning of 2000, the s ...
PDF Download
... the interest rates these countries had to offer the markets as compensation for an expected default. In fact, however, the absence of a ‘haircut’ that would have imposed some of the burden of default on the creditors makes it clear that the rescue measures were motivated not solely by altruism, but ...
... the interest rates these countries had to offer the markets as compensation for an expected default. In fact, however, the absence of a ‘haircut’ that would have imposed some of the burden of default on the creditors makes it clear that the rescue measures were motivated not solely by altruism, but ...
PDF
... other factors of production. Thus, an 1-0 model is a very special case-the case where labor and other factors are available in limitless supply at the current price. A SAM model is an extension of an 1-0 model to include consumers and government. In a SAM model, the gross receipts of a firm are dist ...
... other factors of production. Thus, an 1-0 model is a very special case-the case where labor and other factors are available in limitless supply at the current price. A SAM model is an extension of an 1-0 model to include consumers and government. In a SAM model, the gross receipts of a firm are dist ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... production costs declined slightly from $11.36 per Boe in the prior year period. Full year 2016 cash production costs averaged $10.82 per Boe compared with $11.27 per Boe in 2015. Fourth quarter of 2016 general and administrative expense was $33.3 million and included $5.0 million in non-cash stock ...
... production costs declined slightly from $11.36 per Boe in the prior year period. Full year 2016 cash production costs averaged $10.82 per Boe compared with $11.27 per Boe in 2015. Fourth quarter of 2016 general and administrative expense was $33.3 million and included $5.0 million in non-cash stock ...