Beautiful Cycles A Theory And A Model Implying A Curious Role For Interest
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Beautiful Cycles A Theory And A Model Implying A Curious Role For Interest
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Author : Mr. Marco Gross
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-05
Beautiful Cycles A Theory And A Model Implying A Curious Role For Interest written by Mr. Marco Gross and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-05 with Business & Economics categories.
Where do economic cycles come from? This paper contemplates an utmost minimalistic model and underlying theory that rest on two assumptions for letting them emerge endogenously: (1) the presence of interest-bearing debt; and (2) a degree of downward nominal wage rigidity. Despite its parsimony, the model generates well-behaved, self-evolving limit cycles and replicates six essential empirical facts: (1) booms are long- while recessions short-lived; (2) leverage is procyclical; (3) firm profit and wage shares in GDP are counter- and procyclical, respectively; (4) Phillips curves are downward-sloping and convex, and Okun’s law relation is replicated; (5) default cascades arise endogenously at the turning points to recessions; (6) lending spreads are countercyclical. One can refer to the model as being of a Dynamic Stochastic General Disequilibrium (DSGD) kind.
Macro Prudential Stress Test Models A Survey
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Author : David Aikman
language : en
Publisher: International Monetary Fund
Release Date : 2023-08-25
Macro Prudential Stress Test Models A Survey written by David Aikman and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-25 with Business & Economics categories.
In this paper, we survey the rapidly developing literature on macroprudential stress-testing models. The scope of the survey includes models of contagion between banks, models of contagion within the wider financial system including non-bank financial institutions such as investment funds, and models that emphasise the two-way interaction between the financial sector and the real economy. Our aim is two-fold: first, to provide a reference guide of the state-of-the-art for those developing such models; second, to distil insights from this endeavour for policy-makers using these models. In our view, the modelling frontier faces three main challenges: (a) our understanding of the potential for amplification in sectors of the non-bank financial system during periods of stress, (b) multi-sectoral models of the non-bank financial system to analyse the behaviour of the overall demand and supply of liquidity under stress and (c) stress testing models that incorporate comprehensive two-way interactions between the financial system and the real economy. Emerging lessons for policy-makers are that, for a given-sized shock hitting the system, its eventual impact will depend on (a) the size of financial institutions' capital and liquidity buffers, (b) the liquidation strategies financial institutions adopt when they need to raise cash, and (c) the topology of the financial network.
The Impact Of The Federal Reserve S Money Policies On The Economy
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Author : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Domestic Monetary Policy
language : en
Publisher:
Release Date : 1976
The Impact Of The Federal Reserve S Money Policies On The Economy written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Domestic Monetary Policy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Monetary policy categories.
Hearings Reports And Prints Of The House Committee On Banking Currency And Housing
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Author : United States. Congress. House. Committee on Banking, Currency, and Housing
language : en
Publisher:
Release Date : 1975
Hearings Reports And Prints Of The House Committee On Banking Currency And Housing written by United States. Congress. House. Committee on Banking, Currency, and Housing and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Banking law categories.
Cosmology And Controversy
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Author : Helge Kragh
language : en
Publisher: Princeton University Press
Release Date : 2021-03-09
Cosmology And Controversy written by Helge Kragh and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-09 with Science categories.
For over three millennia, most people could understand the universe only in terms of myth, religion, and philosophy. Between 1920 and 1970, cosmology transformed into a branch of physics. With this remarkably rapid change came a theory that would finally lend empirical support to many long-held beliefs about the origins and development of the entire universe: the theory of the big bang. In this book, Helge Kragh presents the development of scientific cosmology for the first time as a historical event, one that embroiled many famous scientists in a controversy over the very notion of an evolving universe with a beginning in time. In rich detail he examines how the big-bang theory drew inspiration from and eventually triumphed over rival views, mainly the steady-state theory and its concept of a stationary universe of infinite age. In the 1920s, Alexander Friedmann and Georges Lemaître showed that Einstein's general relativity equations possessed solutions for a universe expanding in time. Kragh follows the story from here, showing how the big-bang theory evolved, from Edwin Hubble's observation that most galaxies are receding from us, to the discovery of the cosmic microwave background radiation. Sir Fred Hoyle proposed instead the steady-state theory, a model of dynamic equilibrium involving the continuous creation of matter throughout the universe. Although today it is generally accepted that the universe started some ten billion years ago in a big bang, many readers may not fully realize that this standard view owed much of its formation to the steady-state theory. By exploring the similarities and tensions between the theories, Kragh provides the reader with indispensable background for understanding much of today's commentary about our universe.
Pharmaceutical Record And Weekly Market Review
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Author : P. W. Bedford
language : en
Publisher:
Release Date : 1887
Pharmaceutical Record And Weekly Market Review written by P. W. Bedford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1887 with Pharmacy categories.
Social Convergence In Times Of Spatial Distancing The Role Of Music During The Covid 19 Pandemic
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Author : Niels Chr. Hansen
language : en
Publisher: Frontiers Media SA
Release Date : 2022-07-19
Social Convergence In Times Of Spatial Distancing The Role Of Music During The Covid 19 Pandemic written by Niels Chr. Hansen and has been published by Frontiers Media SA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-19 with Science categories.
English Mechanic And Mirror Of Science
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Author :
language : en
Publisher:
Release Date : 1877
English Mechanic And Mirror Of Science written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1877 with Technology categories.
Doing Health Anthropology
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Author : Christie W. Kiefer
language : en
Publisher: Springer Publishing Company
Release Date : 2006-11-20
Doing Health Anthropology written by Christie W. Kiefer and has been published by Springer Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-20 with Medical categories.
What is the relationship between health, human nature, and human needs? The impact of social change on communities? The processes by which communities confront and overcome their health problems? How do we study these health questions in new communities and become advocates for change? These are critical questions in confronting the social causes of ill health, yet many health students do not have the appropriate training in the anthropological methods and techniques that help answer them. Christie Kiefer has written Doing Health Anthropology to prompt students to enter the community already prepared in these methods so that they can accurately ask and solve these important questions themselves. Using this book as a guide, students learn to integrate cultural anthropology with health science and come to their own conclusions based on field research. The book includes common pitfalls to avoid when conducting interviews and observations, and ways to formulate and answer research questions, maintain field notes and other records, and correctly analyze qualitative data. With the help of this text, practitioners and students alike will be able to integrate cultural anthropology methods of research into their health science investigations and community health initiatives. For news and to learn more about how you can implement a community approach to building global health and social justice, visit
The Century Dictionary And Cyclopedia
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Author : William Dwight Whitney
language : en
Publisher:
Release Date : 1895
The Century Dictionary And Cyclopedia written by William Dwight Whitney and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1895 with Biography categories.