long run purchasing power parity part 1

Bài giảng Tài chính quốc tế (TS. Lê Tuấn Lộc) - Chương 5 Học thuyết ngang giá sức mua (The Purchasing Power Parity Theory)

Bài giảng Tài chính quốc tế (TS. Lê Tuấn Lộc) - Chương 5 Học thuyết ngang giá sức mua (The Purchasing Power Parity Theory)

... = 10 0% pt * t 25 LOGO Tỉ giá sức cạnh tranh thương mại quốc tế Ví dụ: Tỉ giá VND USD Thời gian Ε t (VND / USD) et (%) p (%) pt (%) e Rt (%) * t 16 .000 10 0 10 0 10 0 10 0 16 .000 10 0 12 0 10 0 12 0 18 .000 ... 10 0 12 0 10 0 12 0 18 .000 11 2,5 12 0 12 0 11 2,5 14 .000 87,5 13 0 11 5 98,9 26 LOGO Tỉ giá sức cạnh tranh thương mại quốc tế Tỉ giá trung bình (effective exchange rate) “tỉ giá trung bình tỉ giá đồng ... et ( NVD / CNY ) et (VND ) p t* p t (VND ) e Rt (VND ) 10 0 10 0 10 0 1, 04 10 4 90 10 0 93 1, 07 99, 51 90 12 0 99 1, 06 10 4,94 80 90 83 0,97 80, 51 85 75 82 0,96 78,72 32 LOGO  Giả sử giá rổ hàng hoá...

Ngày tải lên: 19/05/2015, 13:05

36 1,1K 2
Detecting long run abnormal stock returns, the empirical power and specification of test statistics, the canadian evidence

Detecting long run abnormal stock returns, the empirical power and specification of test statistics, the canadian evidence

... 2 .1 Barber and Lyon (19 97) 11 The Canadian Equity Market 18 Data 21 Benchmark Methods 23 CARs and BHARs 26 Statistical Tests for Long- run Abnormal Returns 27 Simulation Method 30 Results 31 10 ... empirical power and specification o f test statistics in event studies designed to detect long- run (one-to fiveyear) abnormal stock returns” (Barber and Lyon, 19 97) Kothari and Warner (19 97) find ... long- term returns R e p r o d u c e d w ith p e r m issio n o f th e co p y rig h t o w n er F u rth er rep ro d u ctio n p roh ib ited w ith o u t p e r m issio n 11 2 .1 Barber and Lyon (19 97)...

Ngày tải lên: 30/09/2015, 14:28

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Chapter 10 cost in short and long run

Chapter 10 cost in short and long run

... (2) $10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 Total Variable Costs (3) $ 30 50 60 65 75 90 11 0 14 0 18 0 230 300 395 Total Costs (2) + (3) (4) $ 13 0 15 0 16 0 16 5 17 5 19 0 210 240 280 330 400 ... 10 Production Costs in the Short Run and Long Run Table 10 .1 Production Level (number of widgets) (1) 10 11 12 Total, Marginal, and Average Cost of Production Total Fixed Costs (2) $10 0 10 0 10 0 ... 4) (5) $30 20 10 10 15 20 30 40 50 70 95 Average Fixed Cost (2) div (1) (6) $10 0.00 50.00 33.33 25.00 20.00 16 .67 14 .29 12 .50 11 .11 10 .00 9.09 8.33 Average Variable Cost (3) div (1) (7) $30.00...

Ngày tải lên: 17/12/2013, 15:19

24 370 0
Long-run macroeconomic impact of increasing tax rates on high-income taxpayers in 2013 potx

Long-run macroeconomic impact of increasing tax rates on high-income taxpayers in 2013 potx

... 70.8% 1. 5 $1, 687 $560 1. 0% 18 .0% 60.7% 2 .1 $1, 667 $723 8.2% 53.9% 60.8% 0.9 $1, 120 $576 3.6% 36.3% 48.5% 3.8 $1, 187 $5 61 $492 0.9 $ 913 $467 $404 23.2% 76.9% 83.2% 82.0% 0.5 $688 $ 412 $354 12 .6% ... 17 .2 $1, 395 $460 $382 0.8 $535 $16 9 $90 4.5% 38.3% 36.8% 23.6% 0.3 $ 311 $12 2 $ 51 1.7% 22.3% 26.4% 13 .4% 5.8 $838 $260 $10 2 0.6 $493 $18 0 $42 9.7% 58.8% 69.3% 41. 6% 0.2 $303 $14 6 $20 3.9% 36 .1% ... Noncorporate sector 2 013 Law Percent Increase 31. 3% 30.6% 26.6% 9 .1% 11 .2% 32.8% 32.6% 31. 0% 23.4% 15 .6% 5.0% 6.4% 16 .5% 15 7 .1% 39.3% 25.9% 30.0% 15 .8% 19 .9% 23.0% 15 .6% Notes: The average marginal tax...

Ngày tải lên: 08/03/2014, 06:20

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Are Bonds Going to Outperform Stocks Over the Long Run? Not Likely. pptx

Are Bonds Going to Outperform Stocks Over the Long Run? Not Likely. pptx

... Total Returns %2 Large Company Stocks January 18 25–December 19 25 January 19 26–March 2009 January 18 25–December 2008 7.3 9.4 8.3 Source: Ibbotson Long- term history provides two major insights: ... index Stock returns from 18 25 -19 25 are from the article authored by William N Goetzmann, Roger Ibbotson, and Liang Peng, “A New Historical Database for the NYSE 18 15 to 19 25: Performance and Predictability,” ... Chart 2: Historical Returns Decomposition Over the Past 40 Years (April 19 69-March 2009) 10 1. 14 0.87 Return (%) 5.45 7.75 7 .16 3.25 IA SBBI S&P 500 TR USD Income Return Capital Gain IA SBBI US...

Ngày tải lên: 29/03/2014, 03:20

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Global Purchasing Power Parities and Real Expenditures doc

Global Purchasing Power Parities and Real Expenditures doc

... 0.93 0. 81 0.97 10 .37 6 .11 13 .11 9.88 9.56 6.60 8.25 10 .66 8.80 13 .13 9.70 1. 80 1. 37 2. 21 1.84 1. 87 1. 49 1. 76 1. 74 1. 51 2.05 1. 50 1. 11 0.32 1. 44 0.83 1. 00 0. 41 0.50 1. 12 1. 65 0.82 1. 23 0.68 0.48 ... 26.26 63.92 18 .89 51. 51 12.86 67.06 20 .10 Slovak Republic 17 .20 16 .02 22.67 18 .13 29. 31 11. 51 24. 21 8 .18 35.09 31. 31 147.04 14 8.00 19 0.73 13 7.39 2 31. 98 11 7 .11 17 8.50 95.85 240.97 14 0.55 Spain 0.77 ... 2. 81 5 .11 1. 78 3.24 63.56 10 .84 75.85 43.36 60. 41 11. 54 25 .19 75.77 10 8.46 56.86 91. 98 1. 51 0.83 1. 73 1. 37 1. 46 0.96 1. 31 1.47 1. 61 1.39 1. 41 0.96 0.64 1. 14 0.92 0.89 0.65 0.85 0.97 0.93 1. 00...

Ngày tải lên: 29/03/2014, 08:20

230 192 1
Economic Impact of Investment in Public Higher Education in Massachusetts: Short-Run Employment Stimulus, Long-Run Public Returns docx

Economic Impact of Investment in Public Higher Education in Massachusetts: Short-Run Employment Stimulus, Long-Run Public Returns docx

... $42, 511 $24,566 $78,384 $45,296 $35,873 $20,730 $11 8,4 51 $68,449 $75,940 $43,883 $10 5,552 $60,995 $15 7 ,10 7 $90,787 $ 51, 555 $29,792 $ 212 ,356 $12 2, 714 $10 6,805 $ 61, 719 $15 1,6 81 $84,538 $ 210 ,667 $11 7,472 ... $22,450 $12 ,973 $11 ,624 $6, 717 - $10 ,827 -$6,256 $6,833 $3,949 - $15 , 617 -$9,025 $32,702 $18 ,897 $26,8 91 $15 ,540 -$5, 810 -$3,358 $20 ,19 8 $11 ,672 - $12 ,504 -$7,225 $4 ,10 2 $2,3 71 $2,542 $1, 469 - $1, 560 ... $464 -$3,300 - $1, 907 $34,744 $16 ,333 $9,590 $4,838 -$25 ,15 4 - $11 ,496 $4,008 $2,3 81 -$30,736 - $13 ,953 $3 ,19 8 $1, 9 91 $2,345 $1, 687 -$853 -$304 $1, 973 $1, 384 - $1, 225 -$607 $10 0,200 $54,3 01 $53,753 $30,690...

Ngày tải lên: 31/03/2014, 05:21

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DebT ceiling Deal ThreaTens Deep job losses anD lower long-run economic growTh pdf

DebT ceiling Deal ThreaTens Deep job losses anD lower long-run economic growTh pdf

... 19 66 19 68 19 70 19 72 19 74 19 76 19 78 19 80 19 82 19 84 19 86 19 88 19 90 19 92 19 94 19 96 19 98 2000 2002 2004 2006 2008 2 010 2 012 2 014 2 016 2 018 2020 0.0% Sources: Budget Control Act of 2 011 , Office of Management ... Years 2 011 to 20 21 Washington, D.C.: CBO http://www.cbo.gov/ ftpdocs /12 0xx/doc12039/KeyAssumptionsPotentialGDP _11 012 5.xls Department of Commerce, Bureau of Economic Analysis 2 011 “Table 1. 1.6 Real ... 2.0% 2.0% 1. 7% 1. 5% 1. 5% 1. 0% 0.5% 0.0% historical average (19 62-2008) current (Fy 11) Bowles-simpson ryan Budget & obama april in 20 21 Framework in 20 21 debt deal: 1st stage in 20 21 debt deal:...

Ngày tải lên: 31/03/2014, 08:20

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global and national macroeconometric modelling a long-run structural approach oct 2006

global and national macroeconometric modelling a long-run structural approach oct 2006

... response analysis in cointegrating VARs viii 10 5 10 7 10 7 10 9 11 0 11 7 11 8 12 2 12 3 12 8 12 9 13 2 Contents 6.3 6.4 6.5 The cointegrated VAR model with I (1) exogenous variables Small sample properties ... The long- run estimates 9.4.2 Error correction specifications 19 7 19 8 200 204 14 7 15 3 15 3 15 7 15 8 15 9 16 1 16 3 16 4 16 6 16 8 208 209 209 212 ix Contents 9.4.3 9.5 Comparing the core model with benchmark ... 252 254 260 11 Probability event forecasting with the UK model 11 .1 An updated version of the core model 11 .1. 1 Estimation results and in-sample diagnostics 11 .1. 2 Model uncertainty 11 .1. 3 Evaluation...

Ngày tải lên: 11/06/2014, 05:36

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Wind Power 2011 Part 3 pdf

Wind Power 2011 Part 3 pdf

... (55) ⎜ π ⋅ X∗ ⎟ ⎜ ( ⎟ ⎜ ( aI + 1) 2 ( aI − 1) 2 ⎟ Σ ⎠ ⎝ ⎠ ⎝ 66 Wind Power M 1. 15 SVPWM 1. 1 1. 05 SPWM 0.95 0.9 0.85 0.95 δ Udc 1. 05 1. 1 1. 15 1. 2 1. 25 1. 3 Fig 40 In fig. 41 the dependence of the magnitudes ... WT ω 0.9 1. 1 1. 2 0.2 0.0765 ∗ 0.6 1. 3 0.7 0.8 ω∗ 0.9 ∗ ωWT = 0. 612 3 ∗ ωWT max = 1. 2247 = 0. 612 3 ∗ ∗ PWTo = PRo = γ ⋅ (ω ∗ ) ∗ iGo (a) 1. 1 1. 2 ∗ WT max ω 1. 3 = 1. 2247 (b) Fig 29 12 0 90 1. 5 ∗ uGqo ... 0.2 1. 275 0 .1 0.88 0.9 δUdc = 1. 3 0.4 δ Udc = 1. 3 1. 25 1. 25 0.92 1. 225 0.94 0.2 1. 2 1. 2 1. 15 M 0.96 0.98 0.85 0.9 0.95 (a) 1 1.05 M 1. 1 1. 15 (b) Fig 39 We determine how vary the coefficients of...

Ngày tải lên: 21/06/2014, 23:20

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