goals of the policy
Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices
Ngày tải lên :
24/10/2012, 09:40
... than the GDP decline in the other group. The
reactions of the other variables to a monetary policy shock are essentially the same.
A third important characteristic of the financial system is the ... for these
countries the existence of cointegration could not be rejected. We therefore specify the VAR
models in the level of the variables. Nevertheless, we neither impose the number of
cointegrating ... value of unity to those countries
where we expected a large reaction to monetary policy shocks on the basis of this criterion. We
then constructed an index of the expected effects of monetary policy...
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Transmission mechanisms of monetary policy the evidence
Ngày tải lên :
05/01/2014, 17:01
...
for it relative to the cost of the facilities and equipment they
are buying. I ↑ because firms can buy a lot of new investment
goods with only a small issue of stock.
The transmission mechanism ... decline in the growth rate of the money supply
is soon followed by a decline in output in these
episodes, much stronger evidence is presented that
money growth is the driving force behind the business ...
Monetary policy can affect firms’ balance sheets in
several ways. For example, expansionary
monetary policy, ↑ P
e
and ↑ the NW of firms and
so leads to an ↑ in I and Y.
The monetary policy...
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- 2.3K
- 1
Tài liệu Transfer Credit Policy The Office of the University Registrar docx
Ngày tải lên :
15/02/2014, 14:20
... Rules,
the lower grade will be assigned.
Transfer Credit Policy
The Office of the University Registrar
Applies to: Transfer Students
The Ohio State University – Office of the University ... If the academic calendar of the originating institution is other than the semester system, the
appropriate conversion of the assessed credit hours of course work will take place based on the ... either that the policy is being challenged or the
application of the policy is at issue.
b. Institutional challenges to the policy shall follow the guidelines in VII-1-b.
c. Challenges to the application...
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Tài liệu POLICY BRIEFS ON THE FINANCIAL CRISIS: AN UPDAATE ON THE IMPACT OF THE FINANCIAL CRISIS ON AFRICAN ECONOMIES ppt
Ngày tải lên :
17/02/2014, 21:20
... entirely
those of the author(s) and do not neces-
sarily represent the view of the African
Development Bank, its Board of Directors,
or the countries they represent.
The Policy Briefs on the Financial ... Crisis
(PBFC) are produced by the Complex of
the Chief Economist with contribution
from other departments of the African
Development Bank. The PBFC are inten-
ded to present analyses of experiences
and ... to fulfil their pro-
mises of trade liberalization. In this
regard, the G20 can promote (i) the resto-
ration of access to financing for African
countries; and (ii) the reduction of the
continent’s...
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Tài liệu The Dynamic Retention Model for Air Force Officers- New Estimates and Policy Simulations of the Aviator Continuation Pay Program doc
Ngày tải lên :
17/02/2014, 23:20
... depend on the spe-
cifics of the ACP program in effect during the period covered by the data used to estimate the
parameters of the model. (By specifics we mean, for example, the amount of the annual ... density function
of the unit normal distribution.
In this equation, the first term is the probability of staying multiplied by the value of stay-
ing, the second term is the probability of leaving ... Warner in response to the creation
of the DRM by Glenn Gotz and John McCall. At the time the DRM was originally created
it was pushing the limits of the capabilities of even the fastest computers....
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Tài liệu Car-tastrophe - How federal policy can help, not hinder, the greening of the automobile ppt
Ngày tải lên :
19/02/2014, 04:20
...
the overall impact of PHEVs and EVs on the environmental footprint of
the car, because it depends very much on the expected electric range of the vehicle. Furthermore, in
accounting for the ... Green of the American Enterprise Institute and Joel Schwartz
for their formal review of this study. Any remaining errors or omissions are the sole responsibility of
the author. As the author of ... likely that the next car they buy will be
all-electric.
Much of the interest is based in large part on the perceived
potential of these vehicles to decrease the “environmental
footprint” of driving...
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Tài liệu Higher economic growth through macroeconomic policy coordination? The combination of wage policy and monetary policy docx
Ngày tải lên :
20/02/2014, 20:20
... influenced by the degree of credibility of
the announcement of the wage policy authori-
3
The cause of the increase in production potential is ir-
relevant for the further analysis. The increase ... against the background of the new eco-
nomic setup in the euro area: While there is a
single monetary policy, other areas of economic
policy are left to policy makers at the national
level. There ... the re-
sponsibilities with respect to the targets of eco-
nomic policy. Nevertheless, the ECB would not
be passive if there is a fundamental change in
the behavior of wages. On the basis of...
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BUDGET SPEECH Budget Statement and Economic Policy Of the Government of Ghana for the 2011 FINANCIAL YEAR potx
Ngày tải lên :
06/03/2014, 19:20
... implemented in the key sectors of the economy to
improve the livelihood of the people of this country. I will
like to mention some of the major achievements made in
some of the key sectors. ...
balance of payments. The third review of the programme is
expected to be completed by the end of January, 2011.
31. The programme has contributed to the stabilization of the
economy, as the ... and medium size businesses as the major cause of
their inability to reduce their lending rates.
47. Madam Speaker, the performance of the external sector
of the economy in fiscal year 2010...
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Retail Consolidation and Produce Buying Practices: A Summary of the Evidence and Potential Industry and Policy Responses pot
Ngày tải lên :
07/03/2014, 13:20
... either on the num-
ber of voters or on the volume of product marketed)
from the producers who will be subject to its provi-
sions. Depending upon the provisions of the order, the
agreement of ... tools
to address the imbalance of power in the produce in-
dustry? Unfortunately, there have been few systematic
studies of their performance. Central was the grandfa-
ther of the breed of cooperatives ... possible to further the objectives of the or-
der. They are implemented by an initiative from the
industry involved. Federal orders must have the con-
currence of the Secretary of Agriculture...
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The Credit Crunch of 2007-2008: A Discussion of the Background, Market Reactions, and Policy Responses potx
Ngày tải lên :
15/03/2014, 07:20
... characteristics: The Board of
Governors of the Federal Reserve System, the
Office of the Comptroller of the Currency, the
Federal Deposit Insurance Corporation, and the
Office of Thrift Supervision ... RESERVE BANK OF ST
.
LOUIS
REV I EW
for taking risky strategies, regardless of whether
they were aware of their scale, and the creditors
of the institution were able to pass the debts of
the company ... earlier.
The second question concerns the effective-
ness of the response mechanism of the authorities
in the United States and the United Kingdom.
The decisions to defend vital elements of the
banking...
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Postal Savings and the Provision of Financial Services: Policy Issues and Asian Experiences in the Use of the Postal Infrastructure for Savings Mobilization pdf
Ngày tải lên :
15/03/2014, 09:20
... development goals.
In the case of India, fully 80 per cent of the funds
collected are distributed by the Ministry of Finance to
the Governments of the States in which the deposits
were made. The Union ... Government retains the other 20
per cent. There is no specific oversight by the central
government of the States’ use of the borrowed funds
once they are remitted to them, as they are viewed as
general ... seen in the cases that follow that once
ownership of the postbank is separated from the posts, the
management goals of the postbank authorities come into
significant conflict with those of the post....
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- 3
BANK LENDING AND THE TRANSMISSION OF MONETARY POLICY pdf
Ngày tải lên :
15/03/2014, 10:20
... to increase the
sensitivity of loan supply to changes in monetary policy, thereby
strengthening the importance of the lending channel.
The second set of regulatory changes affecting the lending ... quarters of data, the
power of the statistical test is low. Nonetheless, the results are broadly
consistent with the simple model from the previous section. Moreover,
the evidence highlights the fact ... ignoring the differing responses of
constrained and unconstrained banks potentially can affect the size of
the impact of monetary policy on the economy and the ability to find
evidence of an operational...
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Preferences of the Central Reserve Bank of Peru and optimal monetary policy rules in the inflation targeting regime ppt
Ngày tải lên :
15/03/2014, 14:20
... that the current inflation rate
depends on its lagged values, on the fluctuation of the exchange rate in the previous period and on the
two-period lag of the output gap. The verticality of the ...
According to the calibration strategy, the estimated parameters of the macroeconomic model
and of the identification of preferences in the loss function imply that the optimal monetary policy rule, ... non-
significance of the real interest rate coefficient in the aggregate supply equation.
Another result that is noteworthy concerns the effect of the terms of trade gap on the output
gap. The evidence...
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Dire Strait? Military Aspects of the China-Taiwan Confrontation and Options for U.S. Policy pptx
Ngày tải lên :
15/03/2014, 15:20
... weapons, in the Chinese inventory.
• The ability of the Republic of China Air Force (ROCAF) to gener-
ate combat sorties.
• The quality of the ROCAF’s aircrew.
• The extent, if any, of U.S. air ... overshadowed by the final struggles of the Cold War
and the birth pangs of the era that emerged from the ashes of that
long confrontation. In the waning years of the East-West confronta-
tion, China ... complacency. The analysis focuses on
variables that are neither random nor truly independent; they represent instead the
results of policy choices by the actors involved, and several of them are under the...
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