What Do Monetary Contractions Do Evidence From An Algorithmic Identification Procedure

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What Do Monetary Contractions Do? Evidence From Large, Unanticipated Tightenings

Tim Willems
What Do Monetary Contractions Do Evidence From Large Unanticipated Tightenings Book PDF

Author : Tim Willems
Publisher : International Monetary Fund
Page : 29 pages
File Size : 48,6 Mb
Release : 2018-09-28
Category : Business & Economics
ISBN : 9781484378229

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What Do Monetary Contractions Do? Evidence From Large, Unanticipated Tightenings by Tim Willems Pdf

As the “Volcker shock” is believed to have generated useful information on the effects of monetary policy, this paper develops a simple procedure to identify other unanticipated monetary contractions. The approach is applied to a panel data set spanning 162 countries (over the period 1970-2017), in which it identifies 147 large monetary contractions. The procedure selects episodes where a protracted period of loose monetary policy was suddenly followed by sizeable nominal interest rate increases. Focusing on contractions of significant size increases the signal-to-noise ratio, while they are unlikely to be accompanied by confounding “information effects” (markets interpreting a rate hike as the Central Bank being optimistic about the real side of the economy). A subsequent panel VAR analysis suggests that a 100-basis point rate hike reduces real GDP by 0.5 percent. This reduction in output seems to be persistent, pointing to a certain degree of hysteresis. The price level falls by 1.5 percent, indicating that the medium-/long-run impact of contractionary monetary shocks is not characterized by a neo-Fisherian response. Advanced economies appear to display more price stickiness than emerging/developing countries, as the former combine a more muted price response with a larger effect on output.

What Do Monetary Contractions Do? Evidence From An Algorithmic Identification Procedure

Tim Willems
What Do Monetary Contractions Do Evidence From An Algorithmic Identification Procedure Book PDF

Author : Tim Willems
Publisher : International Monetary Fund
Page : 29 pages
File Size : 52,9 Mb
Release : 2018-10-01
Category : Business & Economics
ISBN : 9781484379462

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What Do Monetary Contractions Do? Evidence From An Algorithmic Identification Procedure by Tim Willems Pdf

As the “Volcker shock” is believed to have generated useful information on the effects of monetary policy, this paper develops a simple procedure to identify other unanticipated monetary contractions. The approach is applied to a panel data set spanning 162 countries (over the period 1970-2017), in which it identifies 147 large monetary contractions. The procedure selects episodes where a protracted period of loose monetary policy was suddenly followed by sizeable nominal interest rate increases. Focusing on contractions of significant size increases the signal-to-noise ratio, while they are unlikely to be accompanied by confounding “information effects” (markets interpreting a rate hike as the Central Bank being optimistic about the real side of the economy). A subsequent panel VAR analysis suggests that a 100-basis point rate hike reduces real GDP by 0.5 percent. This reduction in output seems to be persistent, pointing to a certain degree of hysteresis. The price level falls by 1.5 percent, indicating that the medium-/long-run impact of contractionary monetary shocks is not characterized by a neo-Fisherian response. Advanced economies appear to display more price stickiness than emerging/developing countries, as the former combine a more muted price response with a larger effect on output.

The Historical Performance of the Federal Reserve

Michael D. Bordo
The Historical Performance of the Federal Reserve Book PDF

Author : Michael D. Bordo
Publisher : Hoover Press
Page : 718 pages
File Size : 42,8 Mb
Release : 2019-06-01
Category : Business & Economics
ISBN : 9780817922160

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The Historical Performance of the Federal Reserve by Michael D. Bordo Pdf

Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules that produce monetary stability will inevitably produce the dire consequences of real, nominal, and financial instability. Bordo also examines the performance of the Federal Reserve and he reviews the history of monetary policy during the Great Depression.

Applications of Computational Intelligence in Multi-Disciplinary Research

Ahmed A. Elngar,Rajdeep Chowdhury,Mohamed Elhoseny,Valentina Emilia Balas
Applications of Computational Intelligence in Multi Disciplinary Research Book PDF

Author : Ahmed A. Elngar,Rajdeep Chowdhury,Mohamed Elhoseny,Valentina Emilia Balas
Publisher : Academic Press
Page : 222 pages
File Size : 40,5 Mb
Release : 2022-02-14
Category : Science
ISBN : 9780128241769

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Applications of Computational Intelligence in Multi-Disciplinary Research by Ahmed A. Elngar,Rajdeep Chowdhury,Mohamed Elhoseny,Valentina Emilia Balas Pdf

Applications of Computational Intelligence in Multi-Disciplinary Research provides the readers with a comprehensive handbook for applying the powerful principles, concepts, and algorithms of computational intelligence to a wide spectrum of research cases. The book covers the main approaches used in computational intelligence, including fuzzy logic, neural networks, evolutionary computation, learning theory, and probabilistic methods, all of which can be collectively viewed as soft computing. Other key approaches included are swarm intelligence and artificial immune systems. These approaches provide researchers with powerful tools for analysis and problem-solving when data is incomplete and when the problem under consideration is too complex for standard mathematics and the crisp logic approach of Boolean computing. Provides an overview of the key methods of computational intelligence, including fuzzy logic, neural networks, evolutionary computation, learning theory, and probabilistic methods Includes case studies and real-world examples of computational intelligence applied in a variety of research topics, including bioinformatics, biomedical engineering, big data analytics, information security, signal processing, machine learning, nanotechnology, and optimization techniques Presents a thorough technical explanation on how computational intelligence is applied that is suitable for a wide range of multidisciplinary and interdisciplinary research

The Federal Reserve System Purposes and Functions

Board of Governors of the Federal Reserve System
The Federal Reserve System Purposes and Functions Book PDF

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 54,5 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

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The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar
Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance Book PDF

Author : El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar
Publisher : International Monetary Fund
Page : 35 pages
File Size : 44,9 Mb
Release : 2021-10-22
Category : Business & Economics
ISBN : 9781589063952

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Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar Pdf

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

The Cyclicality of Worker Flows: Evidence from Germany

Daniela Nordmeier
The Cyclicality of Worker Flows Evidence from Germany Book PDF

Author : Daniela Nordmeier
Publisher : wbv Media GmbH & Company KG
Page : 133 pages
File Size : 48,5 Mb
Release : 2013-11-05
Category : Social Science
ISBN : 9783763940806

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The Cyclicality of Worker Flows: Evidence from Germany by Daniela Nordmeier Pdf

Die Entwicklung von Arbeitslosigkeit und Beschäftigung wird maßgeblich von den Übergängen auf dem Arbeitsmarkt beeinflusst. Daniela Nordmeier analysiert die Übergänge von Arbeitskräften, also Einstellungen und Entlassungen, im konjunkturellen Kontext. Dabei stützt sie sich auf prozessgenerierte Personendaten des IAB, welche einen umfassenden Einblick in die Dynamik am deutschen Arbeitsmarkt ermöglichen. Die Arbeit umfasst drei eigenständige wissenschaftliche Aufsätze, die zentrale Aspekte dieser Thematik beleuchten: * Zeitaggregation bei der Messung von Arbeitsmarktübergängen * Dynamik der Arbeitslosigkeit in Abhängigkeit von strukturellen Schocks * Modellierung von Einstellungen mithilfe einer Matchingfunktion.

Artificial Intelligence in Healthcare

Adam Bohr,Kaveh Memarzadeh
Artificial Intelligence in Healthcare Book PDF

Author : Adam Bohr,Kaveh Memarzadeh
Publisher : Academic Press
Page : 385 pages
File Size : 50,5 Mb
Release : 2020-06-21
Category : Computers
ISBN : 9780128184394

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Artificial Intelligence in Healthcare by Adam Bohr,Kaveh Memarzadeh Pdf

Artificial Intelligence (AI) in Healthcare is more than a comprehensive introduction to artificial intelligence as a tool in the generation and analysis of healthcare data. The book is split into two sections where the first section describes the current healthcare challenges and the rise of AI in this arena. The ten following chapters are written by specialists in each area, covering the whole healthcare ecosystem. First, the AI applications in drug design and drug development are presented followed by its applications in the field of cancer diagnostics, treatment and medical imaging. Subsequently, the application of AI in medical devices and surgery are covered as well as remote patient monitoring. Finally, the book dives into the topics of security, privacy, information sharing, health insurances and legal aspects of AI in healthcare. Highlights different data techniques in healthcare data analysis, including machine learning and data mining Illustrates different applications and challenges across the design, implementation and management of intelligent systems and healthcare data networks Includes applications and case studies across all areas of AI in healthcare data

Improving Financial and Operations Performance

Richard J. Priore, ScD, MHA, FACHE, FACMPE
Improving Financial and Operations Performance Book PDF

Author : Richard J. Priore, ScD, MHA, FACHE, FACMPE
Publisher : Springer Publishing Company
Page : 281 pages
File Size : 53,8 Mb
Release : 2021-01-15
Category : Medical
ISBN : 9780826144645

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Improving Financial and Operations Performance by Richard J. Priore, ScD, MHA, FACHE, FACMPE Pdf

The increasing pressure on the bottom line of healthcare provider organizations requires leaders who understand and can adeptly apply the basic principles of effective financial and operations management. To be successful in today's environment leaders must simultaneously improve quality and service while reducing expense. Improving Financial and Operations Performance: A Healthcare Leader's Guide is a collection of proven effective tips, tools, and techniques accumulated from real-world challenges and lessons learned logically organized to provide a straightforward approach to planning, assessing, managing, and monitoring a business enterprise to improve profitability. This book provides a clear, step-by-step "how to" approach for both new and experienced leaders seeking a leg up in tackling the myriad of common and complex challenges they are facing including conducting a budget variance analysis, managing labor and non-labor productivity and expense, performing a comprehensive financial condition analysis, growing profitable volume and market share, developing an effective business case for improving quality, and evaluating the financial impact of a future project. Written for clinical and administrative leaders working in the trenches, it provides practical and applicable tools with relevant, real-world, and replicable case study examples. The essential value of Improving Financial and Operations Performance: A Healthcare Leader's Guide is improving decision-making effectiveness, enhancing operations efficiency know-how, and developing strong financial management acumen to overcome the challenges in today's healthcare environment. Key Features: Author experience with extensive expertise as a former investor-owned hospital CEO, integrated health system vice president, managing director for the renowned turnaround experts, the Hunter Group, and graduate business school professor in management, finance, and economics. Realistic case examples to apply the key lessons through detailed practical and relevant case studies using clear step-by-step instructions. Calls-to-action at the end of each chapter with critical leadership imperatives to help prioritize and focus efforts on what matters most. Comprehensive glossary of key terms and concepts using plain easy to understand language. Appendices and Excel templates containing easy-to-use plug-and-play financial worksheets, checklists, best practice pathways, and performance assessments.

Strengthening Forensic Science in the United States

National Research Council,Division on Engineering and Physical Sciences,Committee on Applied and Theoretical Statistics,Policy and Global Affairs,Committee on Science, Technology, and Law,Committee on Identifying the Needs of the Forensic Sciences Community
Strengthening Forensic Science in the United States Book PDF

Author : National Research Council,Division on Engineering and Physical Sciences,Committee on Applied and Theoretical Statistics,Policy and Global Affairs,Committee on Science, Technology, and Law,Committee on Identifying the Needs of the Forensic Sciences Community
Publisher : National Academies Press
Page : 348 pages
File Size : 42,7 Mb
Release : 2009-07-29
Category : Law
ISBN : 9780309142397

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Strengthening Forensic Science in the United States by National Research Council,Division on Engineering and Physical Sciences,Committee on Applied and Theoretical Statistics,Policy and Global Affairs,Committee on Science, Technology, and Law,Committee on Identifying the Needs of the Forensic Sciences Community Pdf

Scores of talented and dedicated people serve the forensic science community, performing vitally important work. However, they are often constrained by lack of adequate resources, sound policies, and national support. It is clear that change and advancements, both systematic and scientific, are needed in a number of forensic science disciplines to ensure the reliability of work, establish enforceable standards, and promote best practices with consistent application. Strengthening Forensic Science in the United States: A Path Forward provides a detailed plan for addressing these needs and suggests the creation of a new government entity, the National Institute of Forensic Science, to establish and enforce standards within the forensic science community. The benefits of improving and regulating the forensic science disciplines are clear: assisting law enforcement officials, enhancing homeland security, and reducing the risk of wrongful conviction and exoneration. Strengthening Forensic Science in the United States gives a full account of what is needed to advance the forensic science disciplines, including upgrading of systems and organizational structures, better training, widespread adoption of uniform and enforceable best practices, and mandatory certification and accreditation programs. While this book provides an essential call-to-action for congress and policy makers, it also serves as a vital tool for law enforcement agencies, criminal prosecutors and attorneys, and forensic science educators.

At Your Service?

Gaurav Nayyar,Mary Hallward-Driemeier,Elwyn Davies
At Your Service Book PDF

Author : Gaurav Nayyar,Mary Hallward-Driemeier,Elwyn Davies
Publisher : World Bank Publications
Page : 364 pages
File Size : 53,5 Mb
Release : 2021-10-18
Category : Business & Economics
ISBN : 9781464817106

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At Your Service? by Gaurav Nayyar,Mary Hallward-Driemeier,Elwyn Davies Pdf

Manufacturing-led development has provided the traditional model for creating jobs and prosperity. But in the past three decades the conventional pattern of structural transformation has changed, with the services sector growing faster than the manufacturing sector. This raises critical questions about the ability of developing economies to close productivity gaps with advanced economies and to create good jobs for more people. At Your Service? The Promise of Services-Led Development (www.worldbank.org/services-led-development) assesses the scope of a services-driven development model and policy directions that can maximize the model’s potential.

What Happens During Recessions, Crunches and Busts?

Mr.Ayhan Kose,Mr.Stijn Claessens,Mr.Marco Terrones
What Happens During Recessions Crunches and Busts Book PDF

Author : Mr.Ayhan Kose,Mr.Stijn Claessens,Mr.Marco Terrones
Publisher : International Monetary Fund
Page : 77 pages
File Size : 53,8 Mb
Release : 2008-12-01
Category : Business & Economics
ISBN : 9781451871326

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What Happens During Recessions, Crunches and Busts? by Mr.Ayhan Kose,Mr.Stijn Claessens,Mr.Marco Terrones Pdf

We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period 1960–2007. In particular, we analyze the implications of 122 recessions, 112 (28) credit contraction (crunch) episodes, 114 (28) episodes of house price declines (busts), 234 (58) episodes of equity price declines (busts) and their various overlaps in these countries over the sample period. Our results indicate that interactions between macroeconomic and financial variables can play major roles in determining the severity and duration of recessions. Specifically, we find evidence that recessions associated with credit crunches and house price busts tend to be deeper and longer than other recessions. JEL Classification Numbers: E32; E44; E51; F42

Globalization and Poverty

Ann Harrison
Globalization and Poverty Book PDF

Author : Ann Harrison
Publisher : University of Chicago Press
Page : 675 pages
File Size : 41,7 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226318004

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Globalization and Poverty by Ann Harrison Pdf

Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.

Sustainable Development Through Data Analytics and Innovation

Jorge Marx Gómez,Lawal O. Yesufu
Sustainable Development Through Data Analytics and Innovation Book PDF

Author : Jorge Marx Gómez,Lawal O. Yesufu
Publisher : Springer Nature
Page : 195 pages
File Size : 46,8 Mb
Release : 2022-09-26
Category : Computers
ISBN : 9783031125270

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Sustainable Development Through Data Analytics and Innovation by Jorge Marx Gómez,Lawal O. Yesufu Pdf

Sustainable development is based on the idea that societies should advance without compromising their future development requirements. This book explores how the application of data analytics and digital technologies can ensure that development changes are executed on the basis of factual data and information. It addresses how innovations that rely on digital technologies can support sustainable development across all sectors and all social, economic, and environmental aspects and help us achieve the Sustainable Development Goals (SDGs). The book also highlights techniques, processes, models, tools, and practices used to achieve sustainable development through data analysis. The various topics covered in this book are critically evaluated, not only theoretically, but also from an application perspective. It will be of interest to researchers and students, especially those in the fields of applied data analytics, business intelligence and knowledge management.

Consumer Price Index Manual, 2020

Brian Graf
Consumer Price Index Manual 2020 Book PDF

Author : Brian Graf
Publisher : INTERNATIONAL MONETARY FUND
Page : 509 pages
File Size : 42,9 Mb
Release : 2020-11-19
Category : Business & Economics
ISBN : 1484354842

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Consumer Price Index Manual, 2020 by Brian Graf Pdf

The Consumer Price Index Manual: Concepts and Methods contains comprehensive information and explanations on compiling a consumer price index (CPI). The Manual provides an overview of the methods and practices national statistical offices (NSOs) should consider when making decisions on how to deal with the various problems in the compilation of a CPI. The chapters cover many topics. They elaborate on the different practices currently in use, propose alternatives whenever possible, and discuss the advantages and disadvantages of each alternative. The primary purpose of the Manual is to assist countries in producing CPIs that reflect internationally recommended methods and practices.