The Dot Com Bubble The Bush Deficits And The U S Current Account

The Dot Com Bubble The Bush Deficits And The U S Current Account Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of The Dot Com Bubble The Bush Deficits And The U S Current Account book. This book definitely worth reading, it is an incredibly well-written.

The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account

Aart Kraay,Jaume Ventura
The Dot com Bubble the Bush Deficits and the U S Current Account Book PDF

Author : Aart Kraay,Jaume Ventura
Publisher : World Bank Publications
Page : 47 pages
File Size : 40,9 Mb
Release : 2005
Category : Balance of payments
ISBN : 8210379456XXX

Get Book

The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account by Aart Kraay,Jaume Ventura Pdf

The authors challenge this view here and develop two alternative interpretations. Both are based on the notion that a bubble (the "dot-com" bubble) has been driving the stock market, but differ in their assumptions about the interactions between this bubble and fiscal policy (the "Bush" deficits). The "benevolent" view holds that a change in investor sentiment led to the collapse of the dot-com bubble and the Bush deficits were a welfare-improving policy response to this event. The "cynical" view holds instead that the Bush deficits led to the collapse of the dot-com bubble as the new administration tried to appropriate rents from foreign investors. The authors discuss the implications of each of these views for the future evolution of the U.S. economy and, in particular, its net foreign asset position."

The Dot-Com Bubble the Bush Deficits, and the U.S. Current Account

Aart Kraay
The Dot Com Bubble the Bush Deficits and the U S Current Account Book PDF

Author : Aart Kraay
Publisher : Unknown
Page : 48 pages
File Size : 44,6 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:1290831724

Get Book

The Dot-Com Bubble the Bush Deficits, and the U.S. Current Account by Aart Kraay Pdf

Over the past decade the US has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During the second half of the 1990s, this deterioration was fueled by foreign investment in a booming US stock market. During the first half of the 2000s, this deterioration has been fuelled by foreign purchases of rapidly increasing US government debt. A somewhat surprising aspect of the current debate is that stock market movements and fiscal policy choices have been largely treated as unrelated events. Stock market movements are usually interpreted as reflecting exogenous changes in perceived or real productivity, while budget deficits are usually understood as a mainly political decision. We challenge this view here and develop two alternative interpretations. Both are based on the notion that a bubble the 'dot-com' bubble) has been driving the stock market, but differ in their assumptions about the interactions between this bubble and fiscal policy (the 'Bush' deficits). The 'benevolent' view holds that a change in investor sentiment led to the collapse of the dot-com bubble and the Bush deficits were a welfare-improving policy response to this event. The 'cynical' view holds instead that the Bush deficits led to the collapse of the dot-com bubble as the new administration tried to appropriate rents from foreign investors. We discuss the implications of each of these views for the future evolution of the US economy and, in particular, its net foreign asset position.

Personal Finance

Barbara Friedberg
Personal Finance Book PDF

Author : Barbara Friedberg
Publisher : Bloomsbury Publishing USA
Page : 429 pages
File Size : 46,8 Mb
Release : 2015-04-14
Category : Business & Economics
ISBN : 9798216127826

Get Book

Personal Finance by Barbara Friedberg Pdf

This jargon-free resource explains the who, what, why, and where of contemporary personal finance in simple, easy-to-grasp language, covering the key people, events, terms, tools, policies, and products that make up modern money management. The ideal roadmap to 21st-century financial literacy, this layman's encyclopedia discusses ideas, concepts, events, and people that inform money management and personal finance. It explains the intricacies of things like investing, saving, debt, credit, and mortgages, and it drills down into complexities like the difference between 401(k) and 403(b) retirement plans. Entries invite the reader to explore common financial topics, such as seeking credit counseling, using credit cards, buying a home, and choosing insurance. Issues such as identity theft, derivatives, and taxes are explored as well. The unique work is topically organized with contributions from both academics and financial professionals. Entries are augmented by entertaining sidebar anecdotes and a glossary, and there is a useful feature that connects readers to online sources, enabling them to keep up with this fast-changing field. A one-stop resource ideal for individuals seeking to understand personal finance, this book will also prove valuable to students taking courses in finance and economics. All readers will come away better equipped to profit from money management and more skilled at making smart financial decisions.

G7 Current Account Imbalances

Richard H. Clarida
G7 Current Account Imbalances Book PDF

Author : Richard H. Clarida
Publisher : University of Chicago Press
Page : 519 pages
File Size : 45,5 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226107288

Get Book

G7 Current Account Imbalances by Richard H. Clarida Pdf

The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including other G7 countries such as Japan and Germany, must collectively run current account surpluses to finance this deficit. How long can such unevenness between imports and exports be sustained, and what form might their eventual reconciliation take? Putting forth scenarios ranging from a gradual correction to a crash landing for the dollar, G7 Current Account Imbalances brings together economists from around the globe to consider the origins, status, and future of those disparities. An esteemed group of collaborators here examines the role of the bursting of the dot-com bubble, the history of previous episodes of current account adjustments, and the possibility of the Euro surpassing the dollar as the leading international reserve currency. Though there are areas of broad agreement—that the imbalances will ultimately decline and that currency revaluations will be part of the solution—many areas of contention remain regarding both the dangers of imbalances and the possible forms of adjustment. This volume will be of tremendous value to economists, politicians, and business leaders alike as they look to the future of the G7 economies.

Designing the European Model

S. Honkapohja,F. Westermann
Designing the European Model Book PDF

Author : S. Honkapohja,F. Westermann
Publisher : Springer
Page : 500 pages
File Size : 52,5 Mb
Release : 2009-04-30
Category : Business & Economics
ISBN : 9780230236653

Get Book

Designing the European Model by S. Honkapohja,F. Westermann Pdf

This book examines existing problems in the European economy, focusing on labour markets, including labour market reform and outsourcing, as well as macroeconomic issues, such as macroeconomic stabilization in the Euro area and convergence and divergence in economic growth in the EU.

IMF Staff Papers, Volume 56, No. 3

International Monetary Fund. Research Dept.
IMF Staff Papers Volume 56 No 3 Book PDF

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 248 pages
File Size : 45,7 Mb
Release : 2009-07-31
Category : Business & Economics
ISBN : 9781589068209

Get Book

IMF Staff Papers, Volume 56, No. 3 by International Monetary Fund. Research Dept. Pdf

Studies of the impact of trade openness on growth are based either on crosscountry analysis—which lacks transparency—or case studies—which lack statistical rigor. This paper applies a transparent econometric method drawn from the treatment evaluation literature (matching estimators) to make the comparison between treated (that is, open) and control (that is, closed) countries explicit while remaining within a statistical framework. Matching estimators highlight that common cross-country evidence is based on rather far-fetched country comparisons, which stem from the lack of common support of treated and control countries in the covariate space. The paper therefore advocates paying more attention to appropriate sample restriction in crosscountry macro research.

The External Balance Assessment (EBA) Methodology

Mr.Steven Phillips,Mr.Luis Catão,Mr.Luca Antonio Ricci,Mr.Rudolfs Bems,Ms.Mitali Das,Mr.Julian Di Giovanni,Ms.Filiz Unsal,Marola Castillo,Jungjin Lee,Jair Rodriguez,Mr.Mauricio Vargas
The External Balance Assessment EBA Methodology Book PDF

Author : Mr.Steven Phillips,Mr.Luis Catão,Mr.Luca Antonio Ricci,Mr.Rudolfs Bems,Ms.Mitali Das,Mr.Julian Di Giovanni,Ms.Filiz Unsal,Marola Castillo,Jungjin Lee,Jair Rodriguez,Mr.Mauricio Vargas
Publisher : International Monetary Fund
Page : 68 pages
File Size : 48,8 Mb
Release : 2014-01-13
Category : Business & Economics
ISBN : 9781484346785

Get Book

The External Balance Assessment (EBA) Methodology by Mr.Steven Phillips,Mr.Luis Catão,Mr.Luca Antonio Ricci,Mr.Rudolfs Bems,Ms.Mitali Das,Mr.Julian Di Giovanni,Ms.Filiz Unsal,Marola Castillo,Jungjin Lee,Jair Rodriguez,Mr.Mauricio Vargas Pdf

The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing between the positive empirical analysis and the normative assessment of current accounts and exchange rates, and highlights the roles of policies and policy distortions. This paper provides a comprehensive description and discussion of the 2013 version (“2.0”) of the EBA methodology, including areas for its further development.

Financial Integration, Entrepreneurial Risk and Global Dynamics

George-Marios Angeletos
Financial Integration Entrepreneurial Risk and Global Dynamics Book PDF

Author : George-Marios Angeletos
Publisher : DIANE Publishing
Page : 42 pages
File Size : 50,6 Mb
Release : 2011-04
Category : Reference
ISBN : 9781437980240

Get Book

Financial Integration, Entrepreneurial Risk and Global Dynamics by George-Marios Angeletos Pdf

How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? This paper investigates this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk -- a risk that introduces, not only a precautionary motive for saving, but also a wedge between the interest rate and the marginal product of capital. This friction provides a simple resolution to the empirical puzzle that capital often fails to flow from the rich or slow-growing countries to the poor or fast-growing ones, and a distinct set of policy lessons regarding the intertemporal costs and benefits of capital-account liberalization. Illus. A print on demand report.

The Great Crashes

Linda Yueh
The Great Crashes Book PDF

Author : Linda Yueh
Publisher : Penguin UK
Page : 259 pages
File Size : 55,7 Mb
Release : 2023-05-18
Category : Business & Economics
ISBN : 9780241988091

Get Book

The Great Crashes by Linda Yueh Pdf

'A masterclass in spotting the early signs of a crisis' Nouriel Roubini 'This is the historical perspective we need' John Kay 'A first point of entry for anybody who wants to learn how the world sleep-walked into multiple crashes' Daron Acemoglu 'Fascinating, well-written and authoritative' Tim Harford ----------------------------------------------------------------- The global economy has weathered the most tumultuous century in modern financial history. Since America's Wall Street Crash of 1929, the global economy has weathered the most tumultuous century in financial history. From the currency crises of the 1980s, to Japan's housing meltdown, the dot com boom and bust, the global financial crash and the COVID pandemic, crash after crash has sent shockwaves through our world. The Great Crashes tells the stories of ten of these historic financial events. They serve as a series of cautionary tales, each with their own lessons to be learnt. With clear-eyed analysis, renowned economist Professor Linda Yueh uses these meltdowns to extract a critical three-step framework to help recognise the early signs of a crash, mitigate the effects and even prevent them in the future. There is very little that is certain in economics, except for this: there will be another financial crisis. Combining her in-depth knowledge with compelling storytelling, The Great Crashes is essential reading that offers urgent lessons for the modern world. ----------------------------------------------------------------- 'An important contribution that can help society anticipate and tackle potential crashes in the future' Christine Lagarde

Managing Openness

Mona Haddad,Ben Shepherd
Managing Openness Book PDF

Author : Mona Haddad,Ben Shepherd
Publisher : World Bank Publications
Page : 352 pages
File Size : 43,9 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780821386330

Get Book

Managing Openness by Mona Haddad,Ben Shepherd Pdf

The global financial crisis triggered a broad reassessment of economic integration policies in developed and developing countries worldwide. The crisis-induced collapse in trade was the sharpest ever since World War II, affecting all countries and all product categories. A huge shock to the trading system, combined with severe macroeconomic instability, makes it natural for policymakers to call into question the basic underlying assumptions of trade liberalization and openness. In particular, outward-oriented or export-led growth strategies are being reassessed as openness is increasingly associated with greater volatility. However, it is crucial not to lose sight of the dynamic benefits that openness can offer. Examples include technology transfer, increased competitive pressure that reduces markups and improves efficiency, and economies of scale. The real question is how to manage outward-oriented strategies so as to maximize the benefits of openness while minimizing risks. This book aims to contribute to this important and ongoing policy debate, bringing together recent empirical work on the trade collapse, its causes and consequences, and the broader trade policy agenda in the post-crisis environment. It addresses critical policy issues revolving around the topic of outward-oriented growth strategy, including policy instruments that help manage risks associated with outward-orientation, lessons learned from the crisis for particular countries and regions, and how emerging trade policy issues such as climate change, commodities, global production networking, and migration affect the prospects for recovery and outward-oriented growth.

The Origins, History, and Future of the Federal Reserve

Michael D. Bordo,William Roberds
The Origins History and Future of the Federal Reserve Book PDF

Author : Michael D. Bordo,William Roberds
Publisher : Cambridge University Press
Page : 453 pages
File Size : 42,8 Mb
Release : 2013-03-25
Category : Business & Economics
ISBN : 9781107013728

Get Book

The Origins, History, and Future of the Federal Reserve by Michael D. Bordo,William Roberds Pdf

Essays from the 2010 centenary conference of the 1910 Jekyll Island meeting of American financiers and the US Treasury.

Business Intelligence in Economic Forecasting: Technologies and Techniques

Wang, Jue,Wang, Shouyang
Business Intelligence in Economic Forecasting Technologies and Techniques Book PDF

Author : Wang, Jue,Wang, Shouyang
Publisher : IGI Global
Page : 406 pages
File Size : 53,7 Mb
Release : 2010-06-30
Category : Computers
ISBN : 9781615206308

Get Book

Business Intelligence in Economic Forecasting: Technologies and Techniques by Wang, Jue,Wang, Shouyang Pdf

With the rapid development of economic globalization and information technology, the field of economic forecasting continues its expeditious advancement, providing business and government with applicable technologies. This book discusses various business intelligence techniques including neural networks, support vector machine, genetic programming, clustering analysis, TEI@I, fuzzy systems, text mining, and many more. It serves as a valuable reference for professionals and researchers interested in BI technologies and their practical applications in economic forecasting, as well as policy makers in business organizations and governments.

Global Family Office Investing

Chad Hagan
Global Family Office Investing Book PDF

Author : Chad Hagan
Publisher : Springer Nature
Page : 165 pages
File Size : 45,5 Mb
Release : 2021-06-16
Category : Business & Economics
ISBN : 9783030182243

Get Book

Global Family Office Investing by Chad Hagan Pdf

Family offices are currently the most attractive group of investors and their structure is more permanent that many of the world’s strongest companies. They are the next hedge funds of the world, if not more. The family office is at the backbone of global commerce, primarily from permanent capital, which results in a different system of management and investing, a hybrid that combines families directly investing in companies to diversify or to build current portfolios with customized returns on investment, vastly different investment goals and investment time frames. While “family office” is a new term for many in the industry, the basis and framework behind the family office has existed for more than 500 years. It is wildly important for this system of investing to be understood. In the past decade, billions in profits have been made in technology, let alone other industries, and most of these fortunes will find themselves managed by a family office of sorts. They are also competitors with one another and at times highly influential in the ways of wealth management, wealth creation and associated practices. This book offers a global snapshot of family offices, using case studies of family offices like the Rockefeller’s “Room 5600” and covers important direct investment styles of family offices—all supported by hard research and statistics from intelligence partners covering family office investing extensively. It will be of interest to anyone in finance, wealth management, management consulting, market research and investing as a whole. Diving headfirst into the practice of family offices and family office structures, Global Family Office Investing covers the secretive world of family offices around the world, sharing best practices, the culture, history and future of modern global family offices.

The U.S. Current Account Deficit and the Expected Share of World Output

Charles Engel,John H. Rogers
The U S Current Account Deficit and the Expected Share of World Output Book PDF

Author : Charles Engel,John H. Rogers
Publisher : Unknown
Page : 84 pages
File Size : 51,9 Mb
Release : 2006
Category : Equilibrium (Economics)
ISBN : PSU:000051520960

Get Book

The U.S. Current Account Deficit and the Expected Share of World Output by Charles Engel,John H. Rogers Pdf

We investigate the possibility that the large current account deficits of the U.S. are the outcome of optimizing behavior. We develop a simple long-run world equilibrium model in which the current account is determined by the expected discounted present value of its future share of world GDP relative to its current share of world GDP. The model suggests that under some reasonable assumptions about future U.S. GDP growth relative to the rest of the advanced countries -- more modest than the growth over the past 20 years -- the current account deficit is near optimal levels. We then explore the implications for the real exchange rate. Under some plausible assumptions, the model implies little change in the real exchange rate over the adjustment path, though the conclusion is sensitive to assumptions about tastes and technology. Then we turn to empirical evidence. A test of current account sustainability suggests that the U.S. is not keeping on a long-run sustainable path. A direct test of our model finds that the dynamics of the U.S. current account -- the increasing deficits over the past decade -- are difficult to explain under a particular statistical model (Markov-switching) of expectations of future U.S. growth. But, if we use survey data on forecasted GDP growth in the G7, our very simple model appears to explain the evolution of the U.S. current account remarkably well. We conclude that expectations of robust performance of the U.S. economy relative to the rest of the advanced countries is a contender -- though not the only legitimate contender -- for explaining the U.S.

The World Bank Research Program, 2005-2007

Anonim
The World Bank Research Program 2005 2007 Book PDF

Author : Anonim
Publisher : World Bank Publications
Page : 286 pages
File Size : 48,5 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780821374061

Get Book

The World Bank Research Program, 2005-2007 by Anonim Pdf

This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.