Macroeconomic Factors Strike Back
Author | : Daniele Bianchi |
Publisher | : |
Total Pages | : |
Release | : 2013 |
Genre | : |
ISBN | : |
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Author | : Daniele Bianchi |
Publisher | : |
Total Pages | : |
Release | : 2013 |
Genre | : |
ISBN | : |
Author | : Mr.Serhan Cevik |
Publisher | : International Monetary Fund |
Total Pages | : 19 |
Release | : 2019-09-20 |
Genre | : Business & Economics |
ISBN | : 151351170X |
Monetary independence is at the core of the macroeconomic policy trilemma stating that an independent monetary policy, a fixed exchange rate and free movement of capital cannot exist at the same time. This study examines the relationship between monetary autonomy and inflation dynamics in a panel of Caribbean countries over the period 1980–2017. The empirical results show that monetary independence is a significant factor in determining inflation, even after controlling for macroeconomic developments. In other words, greater monetary policy independence, measured as a country’s ability to conduct its own monetary policy for domestic purposes independent of external monetary influences, leads to lower consumer price inflation. This relationship—robust to alternative specifications and estimation methodologies—has clear policy implications, especially for countries that maintain pegged exchange rates relative to the U.S. dollar with a critical bearing on monetary autonomy.
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 545 |
Release | : 2013-06-28 |
Genre | : Business & Economics |
ISBN | : 0226066959 |
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author | : Laurent Ferrara |
Publisher | : Springer |
Total Pages | : 300 |
Release | : 2018-06-13 |
Genre | : Business & Economics |
ISBN | : 3319790757 |
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Author | : Institute of Medicine |
Publisher | : National Academies Press |
Total Pages | : 376 |
Release | : 2004-04-26 |
Genre | : Medical |
ISBN | : 0309182158 |
The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.
Author | : Centre for Contemporary Cultural Studies |
Publisher | : Routledge |
Total Pages | : 388 |
Release | : 2004-08-02 |
Genre | : Social Science |
ISBN | : 1134897014 |
First Published in 1982. The Empire Strikes Back examines the place of 'race' and racism in the political transformation of Britain at the end of the seventies, and argues that Britain has entered a longterm political and economic crisis which has brought new urgency to the politics of race and nation. The authors explore the elements of a new, culturally focused racism which, in representations of black families, stresses their alienness and the supposed criminal inclinations of the black population. They argue that the British state is very far from its popular image as a liberal democracy, and that all our notions of culture, nation and class are based on deeply racist structures. Key areas of state intervention such as schooling, policing and policy-oriented 'race relations' research are analysed to demonstrate that a definition of the growing crisis in the economy and social services is emerging, which shifts the focus of blame on to black people. The authors argue that existing race relations theory has significantly failed to deal adequately with the British situation. In particular, the experience of black women and the political organization of young black people raises major problems for race-blind feminism and Eurocentric Marxism alike. In conclusion, the book assesses the political relation of race to class, and suggests that any long-term struggle against racism must begin by recognizing the autonomy of black struggles at all levels of British society.
Author | : Steven Rosefielde |
Publisher | : Cambridge University Press |
Total Pages | : 473 |
Release | : 2016-12-15 |
Genre | : Business & Economics |
ISBN | : 131688936X |
America and Europe responded to Russia's annexation of Crimea on March 18, 2014 by discarding their policy of East-West partnership and reverting intermittently to a policy of cold war. The West believes that this on-again/off-again second Cold War will end with Russia's capitulation because it is not a sufficiently great power, while the Kremlin's view is just the opposite; Vladimir Putin believes that if Moscow has strategic patience, Russia can recover some of the geostrategic losses that it incurred when the Soviet Union collapsed. The Kremlin Strikes Back scrutinizes the economic prospects of both sides, including factors like military industrial prowess, warfighting capabilities, and national resolve, addressing particularly hot-button issues such as increasing military spending, decreasing domestic spending, and other policies. Stephen Rosefielde aims to objectively gauge future prospects and the wisdom of employing various strategies to address Russian developments.
Author | : Andrew S. Thompson |
Publisher | : Routledge |
Total Pages | : 393 |
Release | : 2014-09-11 |
Genre | : History |
ISBN | : 1317873890 |
`The Empire Strikes Back' will inject the empire back into the domestic history of modern Britain. In the nineteenth century and for much of the twentieth century, Britain's empire was so large that it was truly the global superpower. Much of Africa, Asia and America had been subsumed. Britannia's tentacles had stretched both wide and deep. Culture, Religion, Health, Sexuality, Law and Order were all impacted in the dominated countries. `The Empire Strikes Back' shows how the dependent states were subsumed and then hit back, affecting in turn England itself.
Author | : James Petras |
Publisher | : Routledge |
Total Pages | : 217 |
Release | : 2018-02-19 |
Genre | : Political Science |
ISBN | : 0429975988 |
James Petras shows that the current stage of capital globalization and the weakening of the ability of established popular groups to defend themselves have generated an important organized response on the part of those whose standard of living is most undermined and threatened by the process. The book argues convincingly that we can now see the emerging forms of resistance in new, popular organizations that, while frequently local and provincial, nevertheless have developed an international consciousness. By discussing their spatial-economic focus, social base, style of political action, and political perspective, The Left Strikes Back both identifies and differentiates the different waves of the left. Further, it presents data documenting the growth, contradictions, and political challenges that confront these burgeoning socio-political movements.
Author | : Everest Media, |
Publisher | : Everest Media LLC |
Total Pages | : 52 |
Release | : 2022-05-19T22:59:00Z |
Genre | : Business & Economics |
ISBN | : |
Please note: This is a companion version & not the original book. Sample Book Insights: #1 Many world leaders have studied economics, but most seem to be happy without a degree. #2 While economics can help you, actually running an economy requires much more than just that. John Maynard Keynes once argued that the master economist must possess a rare combination of gifts. #3 Until recently, governments have been trying to collect economic data for their own greedy purposes. But with the Great Depression, governments became serious about measuring the economy for the sake of fixing problems rather than grabbing a piece of the economic pie. #4 The GDP is the total value of all the stuff that is produced in the economy. It is measured in dollars and is about $70 trillion. All the smart phones and tablet computers, barrels of oil and kilowatt-hours of wind energy, haircuts and Brazilian waxes, and everything else produced in the entire world are collectively worth about $70 trillion a year.