THE GREAT RECESSION Since publication of Robert L. Hetzel’s he Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. hat consensus emphasized eicient markets, rational expectations, and the eicacy of the price system in assuring macroeconomic stability. he 2008–2009 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical luctuations
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INTERNATIONAL FOREIGN EXCHANGE RESERVES BULGARIAN NATIONAL BANK Celebrating the BNB 130th Anniversary INTERNATIONAL FOREIGN EXCHANGE RESERVES Edited by Tsvetan Manchev, Doctor in Economics BULGARIAN NATIONAL BANK 2009 International Foreign Exchange Reserves Abbreviations BNB GDP BIS b.p. EIB EC EU ESCB ECB LBNB М1 М2 М3 IMF ERMII Fed − the Bulgarian National Bank − gross domestic product − the Bank for International Settlements − basis points − the European Investment Bank
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1. 2. Executive summary . . . . . . . pg. 3 . . . . . . . pg. 6 3. Law and policy governing forest management . . . . 3.1 Forests under the Federal Constitution . . . . 3.2 Forest management by the States . . . . . 3.3 Key jurisdictional differences between the Peninsula, Sabah and Sarawak . . . . pg. 7 pg. 7 pg. 8 pg. 9 4. Law and policy on wood-based
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outlook 3 -The US debt ceiling and recent crises 4 -Financial cliff (2013) and its impacts to the US economy 5 -The US fiscal future 6 2, Fiscal Situation and Treasury Market 9 -The role of US department of the treasury 9 -The role of the Federal Reserve 9 -The US treasury market 10 -The Fed, the interest rates, the QE and the taper 12 -The prediction of the future interest rate 13 -Summary 14 3, China’s involvement in the US Treasury market 15 -China’s Ownership of US Treasury Securities
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EMERGING ECONOMIC AND POLITICAL CONFLICTS AS THREAT TO PROSPERITY Biyash Chakraborty MBA- International Business Email: chakraborty.biyash93@gmail.com University of Petroleum and Energy Studies, Dehradun. (Uttarakhand), INDIA __________________________________________________________________________ Abstract India’s rapid economic growth has made it the second fastest growing energy market in the world. Its domestic and international strategies has produced foreign policy differences
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cooperation, the MNCs have been able to create such a network that their budgets, organizational structure and influence on the world trade stage rivals many nations [ (UN Conference Proceedings, 2006) ]. With their immense economic power and strong political connections and the fact that globalization is seen as a “Business driving phenomenon”, MNCs are in a strong position to influence the economies of the countries they operate in [ (Nourafchan, 2011) ]. Today, MNCs not only impact the trade and
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are here by, declare that, This work has not previously been accepted in substance for any degree, locally or overseas and is not being concurrently submitted for this degree or any other degrees. This project paper is the result of our independent work and investigation, except where otherwise stated. All verbatim extracts have been distinguished by quotation marks and sources of our information have been specifically acknowledged. Signature: _______________ Date: _________________
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competition policy: what is it about, why is it necessary, why is it good for us. So what is competition policy? It should guarantee an equal competition between the companies on the market, based on their products and prices and none of them should have any unfair advantage as against the others. Under competition businesses have to offer the best quality products and at the best possible price to gain profit otherwise consumers can and will choose another company. There is a big pressure on the businesses
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SSC1 - General Education Social Science Course of Study Theories and Methods What is the role of science and the scientific method in the social sciences? The purpose of the social sciences is to study systematically all aspects of the human condition and of human behavior, using a methodology borrowed from the physical sciences wherever possible. This insistence on systematic and methodical study is what distinguishes the social sciences from philosophy, art, and literature, which also comment
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Privatization, Regulation and Competition in South Asia T. N. Srinivasan* 1. Introduction It is a great honor to be invited to deliver the Mahbub Ul Haq Memorial Lecture. Mahbub finished his graduate studies in economics and left Yale in 1956, a year before I began my own graduate studies there. He had set an exemplary record that those of us from South Asia who followed him at Yale, such as Bashir Karamali, Parvez Hasan, Syed Nawab Hyder Naqvi, Syed Naseem, and myself included, could only envy.
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