... Bitter, a professor in the Department of Psychiatry and Psychotherapy at Semmelweis University, and Tamas Kurimay, former president ofthe Hungarian Psychiatric Association and chair ofthe National ... on the issue of mental health has allowed the field to suffer whenever the cost of healthcare has been a political issue One ofthe most dramatic examples of this has been the decline in the ... former president ofthe Hungarian Psychiatric Association and chair ofthe National Advisory Council for Psychiatry, sees a great deal of Istvan Bitter and Tamas Kurimay, The State of Psychiatry...
... consecutive years Three ofthe team of six reference sires (the three oldest sires in the team) were replaced every year in terminal sire breeds, and two (randomly chosen) ofthe team of three were replaced ... two years of PrP selection and then approximately halved every four years None ofthe 100 replicates for those scenarios targeting only the sires (i.e S1R and S1RW ) led to the loss ofthe VRQ ... the 15 years of PrP selection, for the first years of selection and for the last 10 years of selection When compared with the scenario where selection was only on the performance trait (NS), the...
... primarily on thepolicyand political consequencesofthe GFC We ask how governments responded to the challenge and what the political consequencesofthe combination ofthe GFC itself andpolicy responses ... framework for the management ofthe economy at the global level abound in the wake ofthe great recession of 2007–9 It is not clear, however, whether the crisis at the end ofthe first decade ofthe twenty-first ... by the underdevelopment ofthe global polity The integration ofthe global economy through the liberalization ofthe trade regime, the deregulation of financial markets, andthe privatization of...
... particular, they may be concerned about how envious others perceive them and their responses towards them These concerns may then lead envied targets to underestimate how positively others view them These ... Mendoza, 2010) The desirability of being the target of envy is aligned with self-enhancement motives whereas the undesirability of being the target of envy is aligned with the framework of sensitivity ... 2004) These empirical findings cannot be explained or understood in terms ofthe mainstream theories of envy These studies support the views of some earlier scholars who posited the existence of...
... significantly different from zero even at the 95% level in Canada, Finland, the Netherlands, Norway, Sweden, Switzerland, the UK andthe US Moreover, while in some countries, (including Finland, the UK and ... confidence bands in all graphs Given the large 16 To identify the monetary policy shock it is sufficient to determine the position ofthe monetary policy instrument; the ordering ofthe variables in the ... also for these countries the existence of cointegration could not be rejected We therefore specify the VAR models in the level ofthe variables Nevertheless, we neither impose the number of cointegrating...
... The Price Stability Goal andthe Nominal Anchor • Over the past few decades, policy makers throughout the world have become increasingly aware ofthe social and economic costs of inflation and ... Stability Be the Primary Goal of Monetary Policy? • Hierarchical Versus Dual Mandates: – hierarchical mandates put the goal of price stability first, and then say that as long as it is achieved other ... All rights reserved Other Goals of Monetary Policy • Five other goals are continually mentioned by central bank officials when they discuss the objectives of monetary policy: – – – – – 16-3...
... monetary policyand wage policy, the role ofthe ECB in such a process is of great importance In the next step, we will look at the conditions for wage policyThe statute andthe targets ofthe ECB ... policy in the euro area These simulations are supplemented by an analysis ofthe experience of other countries in Section The examples ofthe United States, the Netherlands and Ireland are chosen ... account themeasuresof other areas of economic policy In fact, the ECB participates in the discussions at the EU level, for example, in the meetings ofthe European Council, and it is involved in the...
... support for the expectations theory ofthe term structure (see references in Cook and Hahn (1989)) The standard test ofthe expectations theory in these papers is to regress the change in the 3-month ... downward The greater the proportion ofthe variance ofthe yield curve slope due to the expected term premium andthe less due to the expected change in the 3-month rate, the greater will be the downward ... conventional tests ofthe expectations theory ofthe term structure that are discussed briefly V.l The Founding ofthe Fed The Federal Reserve radically altered the character of short-term rate...
... debt financing The greater the cost of external debt financing andthe greater the volatility in the supply of demand deposits, the greater the demand for securities as an inventory of liquidity ... reduce their lending as a result ofthe imposition of a formal regulatory action, and that the response BANK LENDING AND TRANSMISSION OF MONETARY POLICY 61 occurs discretely at the time ofthe bank ... ignoring the differing responses of constrained and unconstrained banks potentially can affect the size ofthe impact of monetary policy on the economy andthe ability to find evidence of an operational...
... for loans The market rate increases as the PBC raises the RRR, which means the higher the RRR, the less the funding available from the banks andthe higher the demand for funding in the nonregulated ... He and Honglin Wang Dual-track Interest Rates andthe Conduct of Monetary Policy in China All opinions expressed are those ofthe authors and not necessarily reflect the views ofthe Bank of ... has no impact on the market rate The market rate increases as the PBC raises the RRR and issues more bills The impact ofthe credit quota on the market rate is ambiguous The proof of Result 2.3...
... the land Supply of buildings Article 13B (g) exempts the supply of buildings and parts thereof and land on which they stand’ The supply before occupation of buildings or parts of buildings and ... the UK if the property is located in the UK The UK includes England, Scotland, Northern Ireland, Wales andthe territorial waters ofthe UK The Isle of Man, whilst not strictly part ofthe UK, ... subject to the option to tax THOROGOOD PROFESSIONAL INSIGHTS 20 LAND AND LICENCE TO OCCUPY LAND Scope ofthe exemption for land and buildings The exemption covers land and anything fixed to the land...
... determine whether re-ranking of breeding values occurs The objective of this study was to investigate the magnitude of dominance genetic and common environmental variances, andtheconsequencesof including ... 2) the count ofthe number of sires and dams that would have been excluded from the selected group using the simplest (A) model (30 best fathers and 100 best dams) in each ofthe other models ... Odd and 2) Comparison ofthe numbers of sires and dams that would have been excluded from the group selected by the simple model per generation, 30 best sires and 100 best dams, in each of the...
... executive officer of a Federal Reserve Bank andthe leader ofthe Federal Reserve Board were “governors”; after the act the chief executive officer of a bank is a “president” andthe members ofthe ... The Evolution of Monetary Policyand Banking in the US Donald D Hester The Evolution of Monetary Policyand Banking in the US Donald D Hester Professor of Economics, Emeritus University of ... combination ofthe recent rate of inflation, the deviation of a four-quarter rate of inflation from the bank’s desired rate of inflation, andthe deviation ofthe percentage growth rate of real GDP...
... now, there are many different figures ofthe amount of 2,3,7,8-TCDD (often called Dioxin) created while spraying 26 thousands of tons of 2,4-D and 24 thousands of tons of 2,4,5-T in southern ... undermine tropical ecosystems andthe living environment of Vietnam 21 The Ranch Hand campaign is the backbone ofthe toxic chemical spray program in the air The main means ofthe American army was ... awareness and participation ofthe community - The propaganda work changes the awareness of emotion and responsibility ofthe community in some localities The power source to support and look after the...
... reduce the quality ofpolicy beyond some point The paper measuresthe quality of economic policy using the World Bank’s Country Policyand Institutional Assessments of macro, debt, fiscal and structural ... cluster A and B average For equation (1), the log ofthe number of cumulative loans is the variable of interest For equation (2), the log ofthe number of cumulative conditions is the variable of interest ... distortions At the beginning ofthe 1990s more emphasis was put on protecting the poor from the adverse effects ofthe adjustment programs The contracts that were offered implied a policyof ex-ante,...
... recently, the region was severely hit by the effects ofthe global financial crisis of 2008-09 because of their close ties with the economies ofthe U.S., Canada, and Europe which are their main ... sample of countries and show that greater volatility increases the Gini coefficient andthe income share ofthe top quintile, while it reduces the income share ofthe other quintiles The challenges ... at the behavior of two key variables over the business cycle – the volatility and cyclicality of real interest rates and fiscal expenditures The reason is that the dynamics of these variables often...
... in the system influences the other variables in sequence The innovations in the other variables cause the changes in all those below them in order and in none of those variables above them in the ... Recalling the reduced form of VAR Model in Eq (2.2), we partition the vector of yt into two groups: the vector of monetary policy variables MTt andthe vector of economic (non -policy) variables Vt Then ... the decline of net worth of firms (borrowers) will raise the cost of external finance and thereby reduce the demand for loans and investments Following Ford et al (2003) and Bernanke and Blinder...
... Saunders and Schumacher (2000) apply the model of Ho and Saunders(1981) to analyze the determinants of interest margins in six countries ofthe European Union andthe US during the period 1988–95 They ... ROAict-1 is the one period lagged profitability and γ measuresthe speed of mean reversion A value of delta between and indicates that profits are persistent, but they will eventually return to the equilibrium ... countries On the other hand, Bourke (1989), and Molyneux and Thornton (1992) We opted to avoid other measuresof concentration that are standard in the industrial organization literature, such as the...