... institutional and different fiscal architectures Part III explores in details the determinants of taxablecapacityand the empirical approach to measure it III ExpandingTaxableCapacityandReachingRevenue ... the tax /revenue effort and institutional variables Empirical Estimation of Tax and Total Fiscal RevenueCapacity The empirical results are presented in Tables and for taxablecapacityand for ... concepts of taxablecapacityand tax effort can be extended to measure (fiscal) revenuecapacityand (fiscal) revenue effort Total fiscal revenue, by definition, consists of both tax and non-tax...
... where: MD is the total demand for money, M1 is the sum of transaction and precautionary demands and M2 is speculative demand In this schedule, transaction and precautionary demand depend only on the ... Money demand MD Total demand for money M1 Sum of transaction and precautionary demands (narrow money) M2 Speculative demand (broad money) tc Transaction costs r Interest rate M/P = rm Demand for ... theoretical andempirical studies on money demand This chapter reviews the main theories of money demand in order to explore what factors can affect the demand for money It also presents some empirical...
... growth and lasting democracy, leading to greater stability and improved standards of living.”1 Many growth models include education and offer predictions as to the implications of education policy ... developments and findings on this subject in both the micro and macro literature Several recent models with policyimplications are discussed Where possible, we link the policyimplications to ... family planning: Wolfe and Behrman (1984), Schultz (1989), and Behrman (1990) Foster, Andrew and Rosenzweig, Mark (1995) “Learning by Doing and Learning from Others: Human Capital and Technical Change...
... Global Financial Crisis: Analysis andPolicyImplications money-market assets and commercial paper, and purchases of securitized loans and lending to businesses and consumers for purchases of asset-backed ... felt on Wall Street and Main Street but are being manifest in world flows of exports and imports, rates of growth and unemployment, government revenues and expenditures, and in political risk ... developments and actions, see Appendix A Congressional Research Service The Global Financial Crisis: Analysis andPolicyImplications The Global Financial Crisis and U.S Interests2 Policymaking...
... EM, and EIA for norovirus using both LCM and CRS; and (ii) to evaluate the implications of these characteristics for outbreak testing practices Methods Both polymerase chain reaction (PCR) and ... laboratory policyimplications of test sensitivity and specificity suggests that limiting test submissions when highly sensitive methods are used makes good sense, from both a clinical and health ... conceived and participated in the design of the study, contributed to test development and laboratory testing of specimens, and contributed to the drafting of the manuscript All authors read and approved...
... Global Financial Crisis: Analysis andPolicyImplications money-market assets and commercial paper, and purchases of securitized loans and lending to businesses and consumers for purchases of asset-backed ... felt on Wall Street and Main Street but are being manifest in world flows of exports and imports, rates of growth and unemployment, government revenues and expenditures, and in political risk ... developments and actions, see Appendix A Congressional Research Service The Global Financial Crisis: Analysis andPolicyImplications The Global Financial Crisis and U.S Interests2 Policymaking...
... Research Service 14 The Global Financial Crisis: Analysis andPolicyImplications to address changes in policy, regulations, oversight, and enforcement Some are characterizing these meetings as ... derivatives markets and reducing their systemic risks; • Reviewing incentives for risk-taking and innovation reflected in compensation practices; and • Reviewing the mandates, governance, and resource ... Analysis andPolicyImplications subjecting them to a strong regulatory regime, and providing authority for a government agency to take over a failing, systemically important non-bank institution and...
... investments (road and rail construction, refurbishment and improving ports and river infrastructure, building and renovating universities, research centers, prisons, courts, and monuments) and loans ... monetary policy to stimulate economic activity This has included lowering interest rates andexpanding the money supply Currency exchange rates serve both as a conduit of crisis conditions and an ... Analysis andPolicyImplications Actions Taken or Possibly To Take Problem Targets of Policy Countries unable to cope with financial crisis IMF, Development Banks National monetary authorities and...
... late 2008 diminished export and fiscal revenues and Argentina is also experiencing declines in investment, domestic consumer demand, and industrial production Installed capacity utilization fell ... Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States) 114 Stephen Jen and Spyros Andreopoulos, “Europe More Exposed to EM Bank Debt ... currencies, the rush to portfolio rebalancing, and the fall in commodity import revenue related to sharply declining prices and diminished global demand In Mexico and Brazil, where firms took large speculative...
... Analysis andPolicyImplications • Third, to ensure European investors, consumers, and small and medium-size enterprises can be confident about their savings, their access to credit and their ... and supervise Iceland’s credit, insurance, securities, and pension markets took control, without actually nationalizing them, of three of Iceland’s largest banks: Landsbanki, Glitnir Banki, and ... depositors, investors, and insurance policy holders; and provide measures on responsible lending and borrowing • Fourth, in order to improve risk management in financial firms and align pay incentives...
... Deleveraging, Macrofinancial ImplicationsandPolicy (Summary version), October 2008 pp ix-x Congressional Research Service 89 The Global Financial Crisis: Analysis andPolicyImplications Appendix ... earnestly implement relevant capital increase and financing plans, intensify trade and investment cooperation and help raise their capacity for risk-resistance and sustainable development Crisis Talk ... Legislation and Treasury Implementation, by Baird Webel and Edward V Murphy; CRS Report RL34412, Containing Financial Crisis, by Mark Jickling; CRS Report RL33775, Alternative Mortgages: Causes and Policy...
... The Global Financial Crisis: Analysis andPolicyImplicationsand offer some plant capacity, said Christian von Koenigsegg, the sports-car company’s founder ... island nation Iceland will begin repaying £2.3 billion (U.S $3.8 billion) to Britain and 1.3 billion euros ($1.9 billion) to the Netherlands from 2016, with payments spread over nine years Iceland ... Caterpillar and Boeing to Congressional Research Service 109 The Global Financial Crisis: Analysis andPolicyImplications 3M – which use derivatives contracts to hedge interest rate, currency and commodity...
... in Belarus’s ability and willingness to pursue responsible macroeconomic policyand further structural reforms In the longer term, challenges remain extensive and economic and financial risks ... 2008, and falls of 0.2% and 0.4% during the third and second quarters of last year Investment and exports continued to perform particularly badly during the first quarter June 26 New Zealand’s ... Analysis andPolicyImplications based on predictions the country will purchase up to 2,800 passenger and transport planes over the next twenty years Passenger travel is expected to expand five-fold...
... implementation of EU loans to Iceland from Norway, Poland and Sweden Iceland is reportedly involved in disputes over deposit guarantees with British and Dutch depositors in Icelandic banks November 10 ... billion and took a 60% stake in Royal Bank of Scotland and 40% in Lloyds TSB and HBOS October 12-13 Several European countries (Germany, France, Italy, Austria, Netherlands, Portugal, Spain, and ... investments (road and rail construction, refurbishment and improving ports and river infrastructure, building and renovating universities, research centers, prisons, courts, and monuments) and loans...
... andpolicyimplications for health systems Pocock and Phua Globalization and Health 2011, 7:12 http://www.globalizationandhealth.com/content/7/1/12 collects data only from member hospitals and ... tourism: its potential impact on the health workforce and health systems in India Health Policyand Planning 2010, 25:248-251 UNESCAP: Medical travel in Asia and the Pacific: challenges and opportunities ... Organization, Program on Public Policyand Health, Division of Health and Human Development; 2002, 53-69 Pocock and Phua Globalization and Health 2011, 7:12 http://www.globalizationandhealth.com/content/7/1/12...
... degree, UK and US monetary policy was to blame for recent problems in financial markets, thus replicating previous boom and bust episodes both in the UK and overseas • US government policy, by ... Regulation can have unforeseen consequences and thus it needs to be well targeted and with a specific objective 22 Verdict on the Crash: Causes andPolicyImplications art One P he Causes of the ... authors and some commentary on their conclusions The causes of the crash Monetary policy In Chapters and 3, John Greenwood and Anna Schwartz analyse the problems caused by inappropriate monetary policy...
... variables and allow me to focus solely on linguistic framing The linkage of news media andpolicy framing of school shootings has been explored by scholars (Birkland and Lawrence 2009; Burns and Crawford ... attention andexpanding the issues to be discussed (Birkland 1997; Kingdon, 1994/2003) Likewise, Garland (2001: 111-112) maintains that political initiatives tend to be triggered by atypical and shocking ... (2011), Cohen’s update (2011), and McRobbie and Thornton (1995) Risk and social control literature theorists like Slovic (1987), Sjoberg et al (2005) and Wahlberg and Sjoberg (2000) were also of...
... Sciences and Technology, Vol 31, No (2015) 62-67 64 lakes in the city are being focused on expanding for rising the city’s landscape and cultural life ecosystem is particularly concerned to protect and ... natural land area of Viet Tri city This ecosystem is being until now developed and expanded continuously - Agricultural field ecosystem has small area around 12% of the total natural land area ... area and riverportecosystem has several advantageous conditions so as to remain and develop 3.2 Analyze and assess the importance of ecological services of ecosystems [1, 3, 6] - Grass land ecosystem...
... stock split announcements and execution dates (Brennan and Copeland 1988; Lakonishock and Lev 1987; Fama et al 1969; Forjan and McCorry 1998; Biger and Page 1992; and Wu and Chan 1997) The consistency ... private information known by managers to market participants and other interested parties (Brennan and Copeland, 1988) and (McNichols and Dravid, 1990) Another explanation suggests that firm managers ... (Lakonishok and Lev 1987), whereas Brennan and Hughes (1991) and Ikenberry et al (1996) suggest that stock splits cause investment analysts and dealers to reevaluate their firms and discover...
... comments, and administration staff, Ms Nicky Kheh and Ms Sagi Kaur, in the Economics Department for their kind help And lastly, I want to extend my regards and blessings to my family and all those ... sufficient for us to understand the relations between behavior andpolicy motivations Retirement and saving decisions without the existence of social security can be found in Zhang and Zhang (2009) It ... 2009 Figure Payroll tax and retirement decision 22 Figure Payroll tax and welfare 23 Figure Payroll tax and saving rate 23 Figure Payroll tax and steady-state capital...