Author: Tryggvi Gudmundsson
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 50
Book Description
We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral Phillips curves. We provide evidence that Phillips curves shifted up and steepened across advanced economies, and that differences in the inflation response across sectors imply the relative price of goods has been pro-cyclical this time around rather than a-cyclical as during previous cycles. We show analytically that these three features emerge endogenously in a two-sector new-Keynesian model when we introduce unbalanced recoveries that run against a supply constraint in the goods sector. A calibrated exercise shows that the resulting changes to the output-inflation relation are quantitatively important and improve the model's ability to replicate the inflation surge during this period.
The Shifting and Steepening of Phillips Curves During the Pandemic Recovery: International Evidence and Some Theory
Author: Tryggvi Gudmundsson
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 50
Book Description
We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral Phillips curves. We provide evidence that Phillips curves shifted up and steepened across advanced economies, and that differences in the inflation response across sectors imply the relative price of goods has been pro-cyclical this time around rather than a-cyclical as during previous cycles. We show analytically that these three features emerge endogenously in a two-sector new-Keynesian model when we introduce unbalanced recoveries that run against a supply constraint in the goods sector. A calibrated exercise shows that the resulting changes to the output-inflation relation are quantitatively important and improve the model's ability to replicate the inflation surge during this period.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 50
Book Description
We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral Phillips curves. We provide evidence that Phillips curves shifted up and steepened across advanced economies, and that differences in the inflation response across sectors imply the relative price of goods has been pro-cyclical this time around rather than a-cyclical as during previous cycles. We show analytically that these three features emerge endogenously in a two-sector new-Keynesian model when we introduce unbalanced recoveries that run against a supply constraint in the goods sector. A calibrated exercise shows that the resulting changes to the output-inflation relation are quantitatively important and improve the model's ability to replicate the inflation surge during this period.
Regional Economic Outlook, Europe, October 2024
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 43
Book Description
Europe’s economy is recovering, benefiting from a strong crises’ response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts is dampening the near-term outlook. In the longer term, perennially weak productivity growth—a result of limited scale and business dynamism–-amid new headwinds from fragmentation and climate change are holding back growth potential. Steady macro policies are needed to navigate an uncertain environment. This requires transitioning to a neutral monetary policy stance and reducing fiscal deficits without jeopardizing the recovery. Policymakers also need to tackle barriers to higher potential growth. A larger and more integrated single market for goods, services, and capital will incentivize investment, innovation, and generate scale benefits. Deepening European integration will also strengthen economic resilience by insulating businesses and labor markets from global fragmentation pressures. These are formidable policy challenges, but now is the time to bring Europe to its full potential.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 43
Book Description
Europe’s economy is recovering, benefiting from a strong crises’ response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts is dampening the near-term outlook. In the longer term, perennially weak productivity growth—a result of limited scale and business dynamism–-amid new headwinds from fragmentation and climate change are holding back growth potential. Steady macro policies are needed to navigate an uncertain environment. This requires transitioning to a neutral monetary policy stance and reducing fiscal deficits without jeopardizing the recovery. Policymakers also need to tackle barriers to higher potential growth. A larger and more integrated single market for goods, services, and capital will incentivize investment, innovation, and generate scale benefits. Deepening European integration will also strengthen economic resilience by insulating businesses and labor markets from global fragmentation pressures. These are formidable policy challenges, but now is the time to bring Europe to its full potential.
World Economic Outlook, October 2024
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 171
Book Description
The latest World Economic Outlook reports stable but underwhelming global growth, with the balance of risks tilted to the downside. As monetary policy is eased amid continued disinflation, shifting gears is needed to ensure that fiscal policy is on a sustainable path and to rebuild fiscal buffers. Understanding the role of monetary policy in recent global disinflation, and the factors that influence the social acceptability of structural reforms, will be key to promoting stable and more rapid growth in the future.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 171
Book Description
The latest World Economic Outlook reports stable but underwhelming global growth, with the balance of risks tilted to the downside. As monetary policy is eased amid continued disinflation, shifting gears is needed to ensure that fiscal policy is on a sustainable path and to rebuild fiscal buffers. Understanding the role of monetary policy in recent global disinflation, and the factors that influence the social acceptability of structural reforms, will be key to promoting stable and more rapid growth in the future.
International Economic Policy for the Polycrisis
Author: Konrad Raczkowski
Publisher: Taylor & Francis
ISBN: 1040153410
Category : Business & Economics
Languages : en
Pages : 307
Book Description
The struggle for world leadership between China and the United States, resulting in Russia's war with Ukraine, among other things, underscores the reality of structural changes in the global economy and the global system. This book explains that a new era of egocentrism and polycrisis in a multipolar system has emerged in international economic policy, with a strong drive toward interventionism and protectionism of national economies. Dynamic economic imbalances are becoming a constant factor in disrupting international competitiveness and forcing changes in both monetary policy and general economic policy. This prompts a new, more pragmatic definition of fundamental concepts in the theoretical sphere as well as an up-to-date and viable cause-and-effect narrative that is not disconnected from decision-making processes in the economic and political spheres. This book provides a comprehensive diagnosis of the current global economy landscape and evaluates the processes affecting the economic and financial realities and the effectiveness of economic policies. The recent dynamics have rendered much of the existing literature outdated or confined to individual economies, economic systems, and regions. The book describes the evolution of international economic policy, offering a comparative analysis of foreign trade theories, especially in the context of macroeconomic trends and the impact of international trade in goods and services in the new balance of power of the global economy. Targeted primarily at academics, students, and researchers in economics, finance, international relations, and management, it will also serve as a valuable resource for policymakers shaping and implementing contemporary state economic policies.
Publisher: Taylor & Francis
ISBN: 1040153410
Category : Business & Economics
Languages : en
Pages : 307
Book Description
The struggle for world leadership between China and the United States, resulting in Russia's war with Ukraine, among other things, underscores the reality of structural changes in the global economy and the global system. This book explains that a new era of egocentrism and polycrisis in a multipolar system has emerged in international economic policy, with a strong drive toward interventionism and protectionism of national economies. Dynamic economic imbalances are becoming a constant factor in disrupting international competitiveness and forcing changes in both monetary policy and general economic policy. This prompts a new, more pragmatic definition of fundamental concepts in the theoretical sphere as well as an up-to-date and viable cause-and-effect narrative that is not disconnected from decision-making processes in the economic and political spheres. This book provides a comprehensive diagnosis of the current global economy landscape and evaluates the processes affecting the economic and financial realities and the effectiveness of economic policies. The recent dynamics have rendered much of the existing literature outdated or confined to individual economies, economic systems, and regions. The book describes the evolution of international economic policy, offering a comparative analysis of foreign trade theories, especially in the context of macroeconomic trends and the impact of international trade in goods and services in the new balance of power of the global economy. Targeted primarily at academics, students, and researchers in economics, finance, international relations, and management, it will also serve as a valuable resource for policymakers shaping and implementing contemporary state economic policies.
Tiger by the Tail, A
Author: Friedrich August Hayek
Publisher: Ludwig von Mises Institute
ISBN: 1610163192
Category : Keynesian economics
Languages : en
Pages : 194
Book Description
Publisher: Ludwig von Mises Institute
ISBN: 1610163192
Category : Keynesian economics
Languages : en
Pages : 194
Book Description
Handbook of Gold Exploration and Evaluation
Author: Eoin Macdonald
Publisher: Elsevier
ISBN: 1845692543
Category : Technology & Engineering
Languages : en
Pages : 664
Book Description
Designed for geologists and engineers engaged specifically in the search for gold deposits of all types and as a reference for academics in higher schools of learning, Handbook of gold exploration and evaluation provides principles and detailed explanations that underpin the correct interpretation of day-to-day experience in the field. Problems are addressed with regard to the analysis, interpretation and understanding of the general framework within which both primary and secondary gold resources are explored, developed and exploited.Handbook of gold exploration and evaluation covers a comprehensive range of topics including the nature and history of gold, geology of gold ore deposits, gold deposition in the weathering environment, sedimentation and detrital gold, gold exploration, lateritic and placer gold sampling, mine planning and practise for shallow deposits, metallurgical processes and design, and evaluation, risk and feasibility. - Covers the nature and history of gold - Addresses problems with regard to the framework in which gold resources are explored, developed and exploited - Discusses topics including the geology of gold ore deposits, metallurgical processes and design, evaluation, risk and feasibility
Publisher: Elsevier
ISBN: 1845692543
Category : Technology & Engineering
Languages : en
Pages : 664
Book Description
Designed for geologists and engineers engaged specifically in the search for gold deposits of all types and as a reference for academics in higher schools of learning, Handbook of gold exploration and evaluation provides principles and detailed explanations that underpin the correct interpretation of day-to-day experience in the field. Problems are addressed with regard to the analysis, interpretation and understanding of the general framework within which both primary and secondary gold resources are explored, developed and exploited.Handbook of gold exploration and evaluation covers a comprehensive range of topics including the nature and history of gold, geology of gold ore deposits, gold deposition in the weathering environment, sedimentation and detrital gold, gold exploration, lateritic and placer gold sampling, mine planning and practise for shallow deposits, metallurgical processes and design, and evaluation, risk and feasibility. - Covers the nature and history of gold - Addresses problems with regard to the framework in which gold resources are explored, developed and exploited - Discusses topics including the geology of gold ore deposits, metallurgical processes and design, evaluation, risk and feasibility
The Fall and Rise of Keynesian Economics
Author: John Eatwell
Publisher: Oxford University Press, USA
ISBN: 0199777691
Category : Business & Economics
Languages : en
Pages : 449
Book Description
The simple message of Eatwell & Milgate's Fall and Rise of Keynesian Economics is that it was inevitable that Keynesian economics would rise again when circumstances conspired to make it apparent that conventional macroeconomic thinking had lost its way and was unable to explain satisfactorily the most outstanding feature of our actual experience: financial instabilty and its effect on real economic activity.
Publisher: Oxford University Press, USA
ISBN: 0199777691
Category : Business & Economics
Languages : en
Pages : 449
Book Description
The simple message of Eatwell & Milgate's Fall and Rise of Keynesian Economics is that it was inevitable that Keynesian economics would rise again when circumstances conspired to make it apparent that conventional macroeconomic thinking had lost its way and was unable to explain satisfactorily the most outstanding feature of our actual experience: financial instabilty and its effect on real economic activity.
Marine Macroecology
Author: Jon D. Witman
Publisher: University of Chicago Press
ISBN: 0226904148
Category : Science
Languages : en
Pages : 442
Book Description
Pioneered in the late 1980s, the concept of macroecology—a framework for studying ecological communities with a focus on patterns and processes—revolutionized the field. Although this approach has been applied mainly to terrestrial ecosystems, there is increasing interest in quantifying macroecological patterns in the sea and understanding the processes that generate them. Taking stock of the current work in the field and advocating a research agenda for the decades ahead, Marine Macroecology draws together insights and approaches from a diverse group of scientists to show how marine ecology can benefit from the adoption of macroecological approaches. Divided into three parts, Marine Macroecology first provides an overview of marine diversity patterns and offers case studies of specific habitats and taxonomic groups. In the second part, contributors focus on process-based explanations for marine ecological patterns. The third part presents new approaches to understanding processes driving the macroecolgical patterns in the sea. Uniting unique insights from different perspectives with the common goal of identifying and understanding large-scale biodiversity patterns, Marine Macroecology will inspire the next wave of marine ecologists to approach their research from a macroecological perspective.
Publisher: University of Chicago Press
ISBN: 0226904148
Category : Science
Languages : en
Pages : 442
Book Description
Pioneered in the late 1980s, the concept of macroecology—a framework for studying ecological communities with a focus on patterns and processes—revolutionized the field. Although this approach has been applied mainly to terrestrial ecosystems, there is increasing interest in quantifying macroecological patterns in the sea and understanding the processes that generate them. Taking stock of the current work in the field and advocating a research agenda for the decades ahead, Marine Macroecology draws together insights and approaches from a diverse group of scientists to show how marine ecology can benefit from the adoption of macroecological approaches. Divided into three parts, Marine Macroecology first provides an overview of marine diversity patterns and offers case studies of specific habitats and taxonomic groups. In the second part, contributors focus on process-based explanations for marine ecological patterns. The third part presents new approaches to understanding processes driving the macroecolgical patterns in the sea. Uniting unique insights from different perspectives with the common goal of identifying and understanding large-scale biodiversity patterns, Marine Macroecology will inspire the next wave of marine ecologists to approach their research from a macroecological perspective.
Physiology in Sleep
Author: John Orem
Publisher: Elsevier
ISBN: 0323154166
Category : Medical
Languages : en
Pages : 362
Book Description
Physiology in Sleep provides the physiological definition of sleep and presents the philosophical approach to sleep that departs from pharmacological and neurophysiological theories of sleep. This book discusses the effects of sleep on cardiovascular and respiratory function, cerebral metabolism and blood flow, as well as temperature regulation. Comprised of eight chapters, this text starts with an overview of the cardiovascular changes that occur during sleep and its direct relevance to human physiology and disease. This book then explores the variety of sleep stages, characteristics, and possible functions. Other chapters consider the evidence of nychtohemeral rhythmicity in man's hormones that subserve growth, maturation, nurture, reproduction, mineral metabolism, energy regulation, adaptation, and survival. This book further discusses the gastric, esophageal, and intestinal functioning during sleep. The final chapter explores the sleep apnea syndromes and some examples of the sudden infant death syndrome. This book is intended for readers seeking a detailed account of physiology in sleep.
Publisher: Elsevier
ISBN: 0323154166
Category : Medical
Languages : en
Pages : 362
Book Description
Physiology in Sleep provides the physiological definition of sleep and presents the philosophical approach to sleep that departs from pharmacological and neurophysiological theories of sleep. This book discusses the effects of sleep on cardiovascular and respiratory function, cerebral metabolism and blood flow, as well as temperature regulation. Comprised of eight chapters, this text starts with an overview of the cardiovascular changes that occur during sleep and its direct relevance to human physiology and disease. This book then explores the variety of sleep stages, characteristics, and possible functions. Other chapters consider the evidence of nychtohemeral rhythmicity in man's hormones that subserve growth, maturation, nurture, reproduction, mineral metabolism, energy regulation, adaptation, and survival. This book further discusses the gastric, esophageal, and intestinal functioning during sleep. The final chapter explores the sleep apnea syndromes and some examples of the sudden infant death syndrome. This book is intended for readers seeking a detailed account of physiology in sleep.
The Handbook of Global Shadow Banking, Volume I
Author: Luc Nijs
Publisher: Springer Nature
ISBN: 3030347435
Category : Business & Economics
Languages : en
Pages : 822
Book Description
This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis. This volume focuses specifically on shadow banking activities, risk, policy and regulatory issues. It evaluates the nexus between policy design and regulatory output around the world, paying attention to the concept of risk in all its dimensions—the legal, financial, market, economic and monetary perspectives. Particular attention is given to spillover risk, contagion risk and systemic risk and their positioning and relevance in shadow banking activities. Newly introduced and incoming policies are evaluated in detail, as well as how risk is managed, observed and assessed, and how new regulation can potentially create new sources of risk. Volume I concludes with analysis of what will and still needs to happen in the event of another crisis. Proposing innovative suggestions for improvement, including a novel Pigovian tax to tame financial and systemic risks, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.
Publisher: Springer Nature
ISBN: 3030347435
Category : Business & Economics
Languages : en
Pages : 822
Book Description
This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis. This volume focuses specifically on shadow banking activities, risk, policy and regulatory issues. It evaluates the nexus between policy design and regulatory output around the world, paying attention to the concept of risk in all its dimensions—the legal, financial, market, economic and monetary perspectives. Particular attention is given to spillover risk, contagion risk and systemic risk and their positioning and relevance in shadow banking activities. Newly introduced and incoming policies are evaluated in detail, as well as how risk is managed, observed and assessed, and how new regulation can potentially create new sources of risk. Volume I concludes with analysis of what will and still needs to happen in the event of another crisis. Proposing innovative suggestions for improvement, including a novel Pigovian tax to tame financial and systemic risks, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.