long run purchasing power parity part 3
Bài giảng Tài chính quốc tế (TS. Lê Tuấn Lộc) - Chương 5 Học thuyết ngang giá sức mua (The Purchasing Power Parity Theory)
... ∆Ρ * ) * (3) (3) gọi điều kiện PPP mẫu tương đối (dạng động) LOGO Điều kiện PPP mẫu tương đối Ví dụ 1: lạm phát Việt Nam 8%, lạm phát Mỹ 3% sau năm, S tỉ giá giao ngay: 0,08 − 0, 03 ∆S = = 4,85% ... 70% hay 0,7; E(VND/CNY) 30 % hay 0 ,3 Cách tính: et (VND ) = et (VND / USD ) × 0,7 + e t (VND / CNY ) × 0 ,3 28 LOGO Tỉ giá sức cạnh tranh thương mại quốc tế Tỉ giá trung bình (effective exchange ... / CNY ) × 0 ,3 Thời gian et (VND / USD ) et ( NVD / CNY ) 100 90 90 80 85 100 100 120 90 75 et (VND ) 100 93 99 83 82 29 LOGO Tỉ giá sức cạnh tranh thương mại quốc tế Tỉ giá thực trung bình (real...
Ngày tải lên: 19/05/2015, 13:05
Detecting long run abnormal stock returns, the empirical power and specification of test statistics, the canadian evidence
... Benchmark Methods 23 CARs and BHARs 26 Statistical Tests for Long- run Abnormal Returns 27 Simulation Method 30 Results 31 10 Discussion and Conclusion 52 11 References 57 12 Tables 59 13 Appendix I ... Detecting Long- run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics: The Canadian Evidence Matthew Robert Bogue This study empirically examines the issue of long- horizon ... (1997) “analyse the empirical power and specification o f test statistics in event studies designed to detect long- run (one- to five-year) abnormal stock returns” In large part this thesis investigates...
Ngày tải lên: 30/09/2015, 14:28
Chapter 10 cost in short and long run
... (7) (8) $ 130 .00 75.00 53. 33 41.25 35 .00 31 .67 30 .00 30 .00 31 .11 33 .00 36 .36 41.25 _ Figure 10.1 Total Fixed Costs, Total Variable Costs, and Total Costs in the Short Run Total ... Costs (3) $ 30 50 60 65 75 90 110 140 180 230 30 0 39 5 Total Costs (2) + (3) (4) $ 130 150 160 165 175 190 210 240 280 33 0 400 495 Marginal Cost (change in or 4) (5) $30 20 10 10 15 20 30 40 50 ... $100.00 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 25.00 20.00 16.25 15.00 15.00 15.71 17.50 20.00 23. 00 27.27 32 .92 Average...
Ngày tải lên: 17/12/2013, 15:19
Long-run macroeconomic impact of increasing tax rates on high-income taxpayers in 2013 potx
... billions) -$200.9 -$2 .3 -$0.7 - $3. 5 -$1.4 -$26 .3 - $3. 5 - $3. 1 -$0.9 -$1.4 -$10.1 -$5.6 -$0.9 -$0.8 -$9.0 - $3. 7 -$2.0 -$1.8 -$2.2 - $3. 3 -$0.7 -$4.0 -$5 .3 -$5.2 - $3. 8 -$1 .3 - $3. 3 -$0.5 -$1 .3 -$1.7 -$0.9 ... sector Noncorporate sector 20 13 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% 157.1% 39 .3% 25.9% 30 .0% 15.8% 19.9% 23. 0% 15.6% Notes: The average ... -$2.2 -$0.5 - $3. 6 -$17.5 -$1.7 -$0 .3 -$5.8 -$4.8 -$0.9 - $3. 4 -$0.5 Employment -710,000 -10,100 -1,800 - 13, 000 -6 ,30 0 -76,400 -12,200 -8,800 -2 ,30 0 -3, 900 -39 ,400 -20,900 -3, 200 -3, 300 -30 ,700 -15,400...
Ngày tải lên: 08/03/2014, 06:20
Are Bonds Going to Outperform Stocks Over the Long Run? Not Likely. pptx
... decline in yields Table 3: Bond Yield % April 1969 IA SBBI US LT Government Yield USD IA SBBI US IT Government Yield USD March 2009 Change 5. 93 6 .36 3. 55 1.68 Declined 2 .38 Declined 4.68 Source: ... refer to Roger G Ibbotson, and Peng Chen Long- Run Stock Returns: Participating in the Real Economy.” Financial Analysts Journal, 59 (January/February 20 03) , pp 88-98 ©2009 Ibbotson Associates, ... Stocks January 1825–December 1925 January 1926–March 2009 January 1825–December 2008 7 .3 9.4 8 .3 Source: Ibbotson Long- term history provides two major insights: Stocks have outperformed bonds Stock...
Ngày tải lên: 29/03/2014, 03:20
Global Purchasing Power Parities and Real Expenditures doc
... 1,059.46 5,654 .36 9,598.57 33 ,068.18 36 ,857. 43 70 ,33 9.25 41,471. 23 60,795 .33 32 ,33 5. 63 50,874.72 22 ,33 4 .39 77,409.10 48,104.17 Bangladesh 22.64 22.06 34 .28 23. 51 30 .54 23. 22 28 .37 6.51 51.10 30 .68 Bhutan ... 266. 93 1,106 .30 2, 139 .62 644.60 1,265.11 3, 776.18 … 3, 810. 23 2,118.12 2, 830 .33 485.91 985.57 3, 6 53. 43 6 ,36 0.78 2,016. 13 3,967 .38 63, 934 .28 3, 507.65 70,048.69 44,125.56 47,952.42 2 ,33 6 .37 5,952.58 ... 0.15 1,219 .35 3, 644 .33 9.28 Guinea-Bissau 569 234 0.8 0 .3 41 1.4 0.6 6 .3 3.2 0.00 0.00 0.02 217 .30 527.47 1 .33 Kenya 1 ,35 9 531 47.9 18.7 39 3. 3 1 .3 15.1 7 .3 0.09 0.04 0.58 29.52 75.55 35 .27 Lesotho...
Ngày tải lên: 29/03/2014, 08:20
Economic Impact of Investment in Public Higher Education in Massachusetts: Short-Run Employment Stimulus, Long-Run Public Returns docx
... - $3, 300 -$1,907 $34 ,744 $16 ,33 3 $9,590 $4, 838 -$25,154 -$11,496 $4,008 $2 ,38 1 - $30 , 736 -$ 13, 9 53 $3, 198 $1,991 $2 ,34 5 $1,687 -$8 53 - $30 4 $1,9 73 $1 ,38 4 -$1,225 -$607 $100,200 $54 ,30 1 $ 53, 7 53 $30 ,690 ... 1,420 8,7 23 10,281 3, 042 3, 189 11,766 13, 470 Casino (construction/operation) Casino (operation) 5, 535 6,505 2 ,33 8 3, 062 7,8 73 9,568 2,6 03 2,706 10,476 12,274 Health 5,774 1,507 7,281 3, 309 10,590 ... -$9,025 -$7,225 -$1,907 -$ 13, 9 53 -$607 - $34 ,30 4 Net Post-College Effect With migration adjustment $197, 835 $1 83, 986 $105,566 $98,176 $ 53, 392 $49,616 $ 130 ,595 $48,560 $ 43, 8 83 $71,261 Cost Public Cost...
Ngày tải lên: 31/03/2014, 05:21
DebT ceiling Deal ThreaTens Deep job losses anD lower long-run economic growTh pdf
... ceiling deal on GDP and jobs in 2012 Cost Multiplier Discretionary cuts $30 .5 billion 1.40 -$ 43 billion (-0 .3% ) GDP impact -32 3,000 No payroll tax holiday $118 billion 1.09 -$128 billion (-0.8%) ... will reduce output by $ 43 billion (-0 .3% ) and lower employment by roughly 32 3,000 jobs E P I a n d TC F, ISSU E B RI E F # 31 1 l Au g u s t 4, 1 l Pa g e As part of December’s deal to extend the ... unemployment insurance benefits (Department of Labor 2011) Impact on public investments and long- run growth The spending cuts enacted under the deficit deal also threaten long- run economic growth They...
Ngày tải lên: 31/03/2014, 08:20
global and national macroeconometric modelling a long-run structural approach oct 2006
... the decomposition of trends in cointegrating VARs 33 3 33 4 33 4 33 7 Bibliography Index 34 3 36 3 33 8 33 9 34 2 xi List of tables 8.1 8.2 9.1a 9.1b 9.2 9 .3 9.4 9.5 11.1 11.2 Historical unconditional probabilities ... contemporaneous relations 3. 2.4 Measuring the effects of monetary policy 33 34 36 37 39 41 41 46 48 51 vii Contents 3. 2.5 3. 3 3. 4 Identification using ‘tentative’ theory on long- run relations National ... Directions for future research 289 x 269 274 275 278 280 286 286 289 292 297 30 3 30 3 30 5 30 6 Contents 13 Concluding remarks 30 9 Appendices A Derivation of the interest rate rule A.1 The relationship...
Ngày tải lên: 11/06/2014, 05:36
Wind Power 2011 Part 3 pdf
... operating mode 0.5 0 .3 0.2 operating mode 0.7 ∗ PRo = 0.2 ∗ PRo 0.05 0.1 0.15 0.2 0.25 53 0 .3 0 .35 0.4 0.45 ω∗ 0.4 0.5 0 .3 0.4 0.5 (a) 0.6 0.7 0.8 (b) Fig 25 From (33 ), (34 ) and (35 ) the conditions ... ωWT = 0.687 1.1 1.2 1 .3 1.4 ∗ ωWT max = 1 .37 4 (a) ω∗ 0.0195 ω∗ 0.6 ∗ iGo 0.0659 0.4 0.6 0.8 ∗ ωWT = 0.458 1.2 1.4 ∗ ωWT max = 1 .37 4 (b) Fig 33 As can be seen from the figure 33 that choice of scenario ... ∗ = ωmax lim = ωWT max = 1.2247 30 operating mode ∗ PRo ∗ ∗ P∗ max = γ ⋅ (ωWT max ) 3= PRo max lim WTo 210 33 0 ∗ ∗ ( PRo lim ) + (u Rqo lim ) 240 30 0 270 Fig 30 Taking into account the results...
Ngày tải lên: 21/06/2014, 23:20