analysis amp evidence policy option 1

... Channel Monetary policy can affect firms’ balance sheets in several ways For example, expansionary monetary policy, ↑ Pe and ↑ the NW of firms and so leads to an ↑ in I and Y The monetary policy transmission ... Interest-rate effects are only one of many channels Real and Nominal Interest Rates (T-bills) 19 31- 2009 Early Monetarist Evidence on the Importance of Money • Money growth causes business cycle fluctuations ... mechanism for monetary policy is expansionary monetary policy Pe ↑, q ↑, I ↑, Y ↑ where Pe is the price of equity (not the expected price level) Wealth Channel Expansionary monetary policy ↑ stock prices,...

Ngày tải lên: 05/01/2014, 17:01

Ngày tải lên: 23/02/2014, 04:20

Ngày tải lên: 23/02/2014, 21:20

... target (bp) Date 19 89 19 90 19 91 1992 19 94 19 95 19 96 19 97 19 98 19 99 2000 Actual 6/6 7/7 7/27 10 /18 11 /6 12 /20 7 /13 10 /29 11 /14 12 /7 12 /18 1/ 8 2 /1 3/8 4/30 8/6 9 /13 10 / 31 11/ 6 12 /6 12 /20 4/9 7/2 9/4 ... -8 -11 +6 -29 +2 -4 -7 -25 -9 -8 -10 -20 -20 -13 -16 -22 -1 -14 -3 +13 +28 +15 +37 +36 + 61 +45 -24 -15 -18 +22 -25 +1 -19 +29 +23 +16 +30 -1 -3 0 +4 -17 -14 - 31 +4 -27 - 21 -18 -25 -16 -17 -15 ... 4/30 8/6 9 /13 10 / 31 11/ 6 12 /6 12 /20 4/9 7/2 9/4 2/4 3/22 4 /18 5 /17 8 /16 11 /15 2 /1 7/6 12 /19 1/ 31 3/25 9/29 10 /15 11 /17 6/30 8/24 11 /16 2/2 Expected Unexpected -25 -25 -25 -25 -25 -25 -25 -25...

Ngày tải lên: 06/03/2014, 02:21

... deLeon (19 88); “archival” materials might include Lasswell 19 51a, 19 51b, and 19 71; Lasswell and Kaplan 19 50; Dewey 19 27; Merriam 19 26; and Merton 19 36 Fisher_DK3638_C0 01. indd 11 /14 /2006 11 :56:39 ... Fisher_DK3638_C0 01. indd 13 11 /14 /2006 11 :56: 41 AM 14 Handbook of Public Policy Analysis ——— (19 56) “The Political Science of Science.” American Political Science Review Vol 50, No (December) Pp 9 61- 979 ——— (19 71) ... Homeland Security Fisher_DK3638_C0 01. indd 11 11 /14 /2006 11 :56: 41 AM 12 Handbook of Public Policy Analysis We pose two suggestions to possibly reinvigorate the policy approach The first has to with...

Ngày tải lên: 06/03/2014, 06:21

... t satisfy: t t φt = ν t = Et Λt,t +1 Ωt +1 Rt +1 16 ( 21) μt = Et Λt,t +1 Ωt +1 (Rkt +1 − Rt +1 ) (22) with Ωt +1 = − σ + σ(ν t +1 + φt +1 μt +1 ), and Zt +1 + (1 − δ)Qt +1 Qt Let us define the "augmented ... μt nt 18 In this case the method of undetermined coefficients yields X 0 π h Ωh Rt +1 = Et Λt,t +1 Ωh Rt +1 ν t = Et Λt,t +1 t +1 t +1 (29) h0 h0 =i,n 0 hh μh = Et Λt,t +1 Ωh (Rkt +1 − Rt +1 ) t +1 t (30) ... to arbitrage in returns to assets across market as follows: Et Λt,t +1 Ωt +1 Rkt +1 = Et Λt,t +1 Ωt +1 Rbt +1 > Et Λt,t +1 Ωt +1 Rt +1 (24) As will become clear, a crisis in such economy is associated...

Ngày tải lên: 06/03/2014, 08:20

... RAND Journal of Economics 22 (19 91) :12 0 -13 5 Shepard, L “Cartelization of the California-Arizona Orange Industry, 19 34 -19 81. ” Journal of Law and Economics 29 (19 81) :83 -12 3 Shonkwiler, J.S and E Pagoulatos ... 74(October 19 95) :10 4 -12 4 Progressive Grocer 19 96 Produce Annual Report.” 75(October 19 96):74-98 Progressive Grocer 19 97 Produce Annual Report.” 76(October 19 97):68-89 Progressive Grocer 19 98 Produce ... Economic Report 795, January 20 01 Cannon, J.P and P.N Bloom “Are Slotting Allowances Legal Under Antitrust Laws?” Journal of Public Policy and Marketing 10 (19 91) :16 7 -18 6 Chu, W “Demand Signaling...

Ngày tải lên: 07/03/2014, 13:20

Ngày tải lên: 09/03/2014, 22:20

... news 19 93 -19 97 19 98-2005 1- year nominal Inflation Inflation 1- year nominal rate compensation compensation rate Average Earnings 3.23 *** 0 .15 1. 81 *** -0.26 Real GDP (Preliminary) 1. 75 1. 80 ** ... Utilization 1. 57 *** 0.52 Consumer Confidence 1. 46 *** 0.43 core CPI 0.98 1. 42 ** real GDP (advance) 2 .17 ** 1. 77 ** Initial Jobless Claims -1. 13 *** -0. 51 ** NAPM/ISM Manufacturing 2.28 *** 1. 48 ** ... 0.76 0.33 1. 26 *** -0.04 Producer Price Index 2 .13 *** 2.22 ** 0. 21 -0.22 Core Retail Price Index 2.39 *** 2.60 *** 2.60 *** -0.76 Retail Sales 2 .17 *** -0 .19 1. 58 *** -1. 18 *** Monetary Policy...

Ngày tải lên: 15/03/2014, 10:20

... Workforce Figure 3 .13 Percentage of FY 2006 DoD Workers Enrolled in CSRS 10 0 90 80 Percentage 70 60 50 40 30 20 10 14 13 12 11 10 –9 –8 –7 –6 –5 –4 –3 –2 1 10 >10 10 >10 Years relative to ... BA only RAND TR572-3 .11 Figure 3 .12 Annual Attrition Rates Relative to Retirement Eligibility 25 DoD AW Percentage 20 15 10 14 13 12 11 10 –9 –8 –7 –6 –5 –4 –3 –2 1 Years relative to retirement ... Recategorization out of AW Attrition out of DoD 25,000 20,000 15 ,000 Number 10 ,000 5,000 –5,000 10 ,000 15 ,000 19 93 19 94 19 95 19 96 19 97 19 98 19 99 2000 20 01 2002 2003 2004 2005 2006 Fiscal year RAND TR572-3.7...

Ngày tải lên: 15/03/2014, 21:20

... 300 LSECtin 200 10 0 CHO 300 200 10 0 10 2 10 3 10 4 10 5 10 10 2 10 3 10 4 10 5 10 0 80 60 40 20 PVL C 400 200 10 2 10 3 10 4 10 5 10 2 10 3 10 4 10 5 20 – + 10 0 80 60 40 20 0 30 DC-SIGNR-CHO 10 20 10 0 80 60 40 20 ... Relative MFI (%) R Yabe et al 10 2 10 3 10 4 10 5 10 0 80 60 40 20 PVL DC-SIGN-CHO 400 400 300 300 200 10 0 – + 10 2 10 3 10 4 10 5 200 10 0 10 0 10 2 10 3 10 4 10 5 10 2 10 3 10 4 10 5 10 0 80 60 40 20 PVL B – + Adhesion ... GlcNAc > 15 6 (0) 013 63 (1. 65) 3 51 (2.75) > 15 6 (0) 014 55 (1. 88) 292 (3.30) > 15 6 (0) 10 2 55 (1. 88) 10 3 10 4 (1. 00) 10 4 492 (0. 21) 202 68 (1. 53) 203 322 (0.32) > 15 10 (0) 304 14 0 (0.74) > 15 10 (0)...

Ngày tải lên: 15/03/2014, 23:20

... 9.4 (3.8) 0.0 81 (0.526) I 412 2 a = b = 14 8.73, c = 233.57 78–2.4 (2.53–2.40) 512 00 (7 412 ) 9.9 (10 .2) 99.7 (10 0) 8.6 (3.7) 0 .15 3 (0.460) 3623 3637 53.2 23.6 (36 .1) 25.7 (34.4) 26.8 21. 8 (27.5) 23.0 ... homologue [Protein Data Bank (PDB) code: 1RTW] [11 ], the Pyrococcus horikoshii homologue (PDB code: 1UDD) [12 ] and TenA from B subtilis (PDB codes: 1TO9, 1TYH, 1TAF, 1TAK) [5] and from Pyrobaculum Aerophilum ... DS & Thornton JM (19 93) Procheck – a program to check the stereo- 6234 15 16 17 18 19 20 21 22 23 24 25 26 chemical quality of protein structures J Appl Crystallogr 26, 283–2 91 Liu JY, Timm DE...

Ngày tải lên: 16/03/2014, 00:20

Ngày tải lên: 16/03/2014, 03:20

... domestic 2005 2004 2003 20 01 2000 19 99 19 98 19 96 19 95 19 94 19 93 19 91 1990 19 89 19 88 19 86 19 85 19 84 19 83 19 81 1980 19 79 19 78 -10 19 76 10 OUTLOOK FOR THE EURO AREA 11 demand also strengthened in ... changes 19 9520 01 2002 2.3 2.7 4.5 2.0 2.0 1. 9 -0.2 1. 0 1. 2 3.2 2.4 1. 5 1. 8 -0.8 1. 9 2.0 1. 4 -1. 4 1. 2 1. 0 3 .1 1.5 2003 1. 7 2 .1 1.2 2.0 2.0 1. 9 -1 1.5 1. 1 2.5 2.0 2004 2.7 3.9 1. 8 1. 9 2.6 -0.7 1. 4 1. 5 ... 3.0 1. 6 1. 7 9 .1 1.2 1. 6 0 .1 0 .1 1.3 0.4 4.0 2.0 2.6 10 1. 2 0.7 2.7 1. 8 -0.2 0.9 0.4 2.5 5 .1 3.3 4 .1 10 .1 2.2 1. 8 4.2 2.3 1. 1 2 .1 1.0 3.2 4.6 2.8 3.4 9.9 1. 6 1. 4 3.5 2.7 1. 1 1. 4 0.0 1. 8 4.7 3.0...

Ngày tải lên: 17/03/2014, 06:20

... productivity factor 19 73 :11 995:3 1. 4 1. 7 19 95:32002:3 2.6 1. 0 19 95:32000:2 2.6 2 .1 2000:220 01: 3 0.5 -1. 2 20 01: 32002:3 5.2 -1. 8 0.3 0.8 0.3 0.2 1. 1 1. 3 0.2 1. 2 1. 4 0.3 1. 2 -0.9 0.3 0.6 4.4 -0 .1 0.0 -0.2 ... 19 92 -19 95 1. 0 3.4 2.4 1. 0 -0.7 19 96-2002 1. 5 3.0 1. 5 2.6 0.6 factor 1. 1 1. 5 0.8 0 .1 Utilisation correction Adjusted total productivity Memo: GDP gap 19 92-2002 1. 3 3 .1 1.8 2.0 0 .1 -0 .1 0.2 1. 0 1. 6 0.6 ... Journal of Political Economy 10 9(6): 12 88 -13 10 Hamilton, B (20 01) , “Using Engel’s Law to estimate CPI bias,” American Economic Review 91( 3): 619 -630 Diewert, W Erwin (19 76) “Exact and Superlative...

Ngày tải lên: 17/03/2014, 10:20

... FOODSEC Hybrid maize adoption FOODSEC N Mean Standard deviation Standard error mean Non-adopters Adopters 13 1 43 0.3439 0.3970 0 .14 4 0 .15 2 0. 012 61 0.02 318 30 Food Security Policy Analysis Table 2.5 ... 400, Burlington, MA 018 03, USA 525 B Street, Suite 19 00, San Diego, CA 9 210 1-4495, USA 32 Jamestown Road, London, NW1 7BY, UK 360 Park Avenue South, New York, NY 10 010 -17 10, USA First edition ... Bangladesh Pakistan East Asia China Cambodia Vietnam 19 95 and 19 97 780 19 99 6000 19 97 /19 98 5994 Middle East and North Africa Morocco 19 91 Egypt 19 97 World Bank LSMS World Bank LSMS World Bank LSMS...

Ngày tải lên: 22/03/2014, 19:20

... 14 10 -year CDS (2002: Sep 2-Dec 31) 25 basis points 20 15 10 E VE NT S IT A LY F R A NC E P OR T UG A L A US T R IA 12 / 31 12/26 12 / 21 12 /16 12 /11 12 /6 12 /1 11/ 26 11 / 21 11/ 16 11 /11 11 /6 11 /1 10/27 ... 11 -Dec 11 -Nov 11 -Oct 11 -Sep 11 -Aug 11 -Jul 11 -Jun 11 -May 11 -Apr 11 -Mar 11 -Jan 11 -Feb 3.5 Source: Reuters Figure Forward Rate and Yield Curve slope, 2002 (weekly data) 200 6.0 18 0 5.9 16 0 5.8 12 0 ... -0.225 -0.2 31 -0 .14 5 -0 .14 0 -0.238 -0 .14 7 -0 .18 8 -0.0 21 -0.272 -0 .16 4 -0.204 -0 .19 5 -0.272 0.008 -0.2 61 1.690 1. 662 1. 648 1. 813 1. 7 81 1.669 1. 645 1. 662 1. 679 1. 772 1. 665 1. 672 1. 782 1. 869 1. 624 Source:...

Ngày tải lên: 22/03/2014, 23:20

... o e a e a u a u o e a e u e ug -O -N -D 1- J -F -M 0-A -M 0-J 1- J -A -S 1- O -N -D 0-J -F -M 0-A -M 0-J 1- J-A 31 30 31 29 31 30 3 29 30 28 31 27 31 29 318 Day/Month/Year Source: Factiva database ... /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 1/ 1 0 /3 1/ 3 2/3 1/ 3 2/2 3/3 4/3 5/3 6/3 7/3 8/2 9/3 0/3 1/ 2 2/3 1/ 3 2/2 3/3 1 10 1 Month/Day/Year Source: Data from PACIFIC Exchange Rate ... Crisis: Analysis and Policy Implications Figure Selected Stock Market Indices for the United States, U.K., Japan, and Russia 14 0 Stock Market Indices (1 Oct 2007 = 10 0) Russian RTS 12 0 UK FTSE 10 0 10 0...

Ngày tải lên: 23/03/2014, 02:20

... 19 -Mar -10 20-Apr -10 24-Apr -10 2-Jul -10 27-Jul -10 16 -Sep -10 2-Nov -10 16 -Dec -10 25-Jan -11 17 -Mar -11 3-May -11 16 -Jun -11 26-Jul -11 16 -Sep -11 25-Oct -11 28-Jan -12 8.50 8.75 9.00 9.00 6.50 Price stability, ... Money, M1 13 .00 (0. 01) Call Money, M1 NAGDP, WPI-NFMP 10 .11 (0.04) NAGDP,GDP Deflator Call Money, M1 14 .78 (0. 01) Call Money, M1 13 Call Money, M1 Call Money, NFC 12 19 .66 (0.00) Call Money, M1 11 ... (0 .13 ) 11 .12 (0. 01) 5.75 (0 .12 ) 10 .57 (0. 01) NAGDP, GDP Defl., REAL NFC Call Money 4. 61 (0.20) 13 .66 (0.00) NAGDP, WPI, REAL M1 Call Money 2.57 (0.46) 11 .19 (0. 01) NAGDP, WPI-NFMP, REAL M1 Call...

Ngày tải lên: 29/03/2014, 13:20

... (aged 3-29), 19 95 90 80 70 Participation in adult education and training (excluding full-time students aged under 24), 19 94 -19 95 60 50 40 30 20 10 6-7 3-5 8 -12 13 -15 19 - 21 25-29 16 -18 22-24 35-39 ... Kingdom Country mean 40 30 20 10 -10 -20 -30 -40 -50 Ireland Country mean 40 30 20 10 -10 -20 -30 -40 -50 United States Country mean 3-5 6-7 8 -12 13 -15 16 -18 19 - 21 25-29 22-24 30-34 35-39 40-44 ... (28th April 19 64), Finland (28th January 19 69), Australia (7th June 19 71) , New Zealand (29th May 19 73), Mexico (18 th May 19 94), the Czech Republic (21st December 19 95), Hungary (7th May 19 96), Poland...

Ngày tải lên: 30/03/2014, 12:20