FISCAL POLICY & MACROECONOMIC MODELS There are three macroeconomic models in which to analyze the effects of changes in fiscal policy: Keynesian, Monetarist and Classical. Keynesian Model The Keynesian model focuses on attempting to manage the “Demand” side of the economy by using taxation and spending to redistribute income and wealth. The rationale is that redistribution of income and wealth via taxation and use of transfer payments [government spending] will drive the “Demand” function
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CONTENTS INTRODUCTION 4 CHAPTER 1: THOERICAL FRAMEWORK 6 1.1 OVERVIEW OF DISTRIBUTION CHANNEL 6 1.1.1 Definition of distribution 6 1.1.2 Definition of distribution channel 7 1.1.3 Characteristics of distribution channels 8 1.1.4 The role of distribution in marketing: 10 1.1.5. Functions of distribution channels 11 1.2 CHANNELS OF DISTRIBUTION 11 1.2.1 Types of Channels of Distribution 11 1.2.2 Participants in distribution: 13 1.2.3. Structural features of channel 15 1.3
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Life-Cycle Investing in Theory and Practice Zvi Bodie Life-cycle investing, especially investing for retirement, is today a matter of intense concern to millions, perhaps billions, of people around the world. In the past three decades, many respected finance theorists and behavioral scientists have studied how people should and actually do make investment decisions. Theorists have produced optimization models that capture important features of reality, such as changing investment opportunities, unpredictable
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one person. According to our book, the advantages are it is easy and inexpensive to start, there are not very many government regulations, and its income tax is not taxed on the corporate level. The disadvantages are it may be difficult to build capital which may make it hard for the business to grow, there are also unlimited personal liabilities to business debts, and the life of the business is limited to the life of the proprietor. The advantage of a partnership is it’s easy and inexpensive
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FY2009 (see discussion under Macroeconomics Environment).1 from 1991 to 2005, the national poverty incidence fell from 59% to 40%. Efforts to overcome poverty face numerous constraints, including the urgent need for strong law and order, good infrastructure, sound and efficient financial markets, highquality social services that are accessible and affordable, and an enabling environment for private sector development. The government’s National Poverty Reduction Strategy reaffirms that poverty reduction and accelerating the pace of socia
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Institution? In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government. Broadly speaking, there are three major types of financial institutions: • Deposit-taking institutions that accept and manage deposits and make loans, including banks, building
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that the response of central banks and governments is likely to shape the future of our financial markets for many years to come. Their responses in regulating fields such as credit rating agencies, derivative markets and hedge funds will be crucial in relation to economic recovery. Over the course of our essay, we will also discuss areas such as international trade, geo-political issues and the role of monetary authorities in the future as the global economy aims to bounce back from the worst downturn
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of its own it brought diversification in the financial market. In the same time it witnessed impressive growth during the last years. In our country like most other industries financial institutions are also big city especially Dhaka concentrated. Financial institutions rarely spread their branches outside divisional cities let alone the urban areas. So the fierce competition among as well as across the group is strengthening. So the market segmentation, expansion and product diversification may
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as well as increase the living standard of common people. Banks play important role for various industry and it is an agency of commerce. A bank is financial institution which works as an intermediary who accepts deposit and channelize the deposits funds for lending
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consultant, advisors or rending corporate advisory services in relation to issue management. 3) As per SEBI, Merchant Bank mostly provide advisory services, issue management, portfolio management and underwriting services, which require less capital but generate more income (non-interest income). 4) As per the Ministry of Finance; any person who is engaged in the business of issue management either by making arrangement regarding selling, buying or subscribing to the securities as manager
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