goals of the policy

... 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...

Ngày tải lên: 24/10/2012, 09:40

Ngày tải lên: 15/11/2013, 20:27

... 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...

Ngày tải lên: 05/01/2014, 17:01

... 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...

Ngày tải lên: 15/02/2014, 14:20

... 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...

Ngày tải lên: 17/02/2014, 21:20

... 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....

Ngày tải lên: 17/02/2014, 23:20

... 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...

Ngày tải lên: 19/02/2014, 04:20

... 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...

Ngày tải lên: 20/02/2014, 20:20

... 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...

Ngày tải lên: 06/03/2014, 19:20

... 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...

Ngày tải lên: 07/03/2014, 13:20

Ngày tải lên: 09/03/2014, 14:20

Ngày tải lên: 15/03/2014, 01:20

... 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...

Ngày tải lên: 15/03/2014, 07:20

... 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....

Ngày tải lên: 15/03/2014, 09:20

... 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...

Ngày tải lên: 15/03/2014, 10:20

... 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...

Ngày tải lên: 15/03/2014, 14:20

... 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...

Ngày tải lên: 15/03/2014, 15:20

Ngày tải lên: 15/03/2014, 16:20

Ngày tải lên: 17/03/2014, 06:20

Ngày tải lên: 22/03/2014, 15:21