Understanding Shock Absorption and Fiscal Sustainability in Small Open Economies
This presentation delves into a model of output, prices, public finance, and balance of payments in small open economies. It explores the impact of macroeconomic shocks, fiscal sustainability restoration, and financial stability maintenance. The model sheds light on policy responses to varying econo
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MEFMI Presentation on Collaboration and Capacity Development with ATI and IMF
The Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) presented on their collaboration with the African Training Institute (ATI) and the International Monetary Fund (IMF) at the 10th ATI Steering Committee meeting. The collaboration includes joint regional cours
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Challenges and Progress in Chilean Infrastructure Development
The challenges of Public-Private Partnerships (PPPs) in Chile within the framework of best practices and international standards are discussed, highlighting the need for long-term infrastructure planning and enhanced governance. The 2017 OECD Infrastructure Governance Review identified deficiencies
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Importance of Financial Reporting as a Catalyst for Growth
Financial reporting frameworks such as International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), and the role of financial statements play a crucial role in enhancing trust in financial information, reducing information asymmetry, promoting investment, faci
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Analysis of Contemporary Macroeconomic Issues in Papua New Guinea
Professor Stephen Howes, Director of Development Policy at Australian National University, presents his personal views on macroeconomic issues in Papua New Guinea. The focus is on the exchange rate regime and its management, excess liquidity, and fiscal policy. Various economic indicators point to c
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MANAGERIAL ECONOMICS
Managerial economics is the application of economic concepts to managerial decision-making. It bridges the gap between economic theory and business practice, helping firms optimize resource allocation and maximize profits. By analyzing microeconomic and macroeconomic factors, managers can make infor
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MacroLab Lite for Introductory Macroeconomics
MacroLab Lite is a simplified macroeconomic modeling tool designed to introduce students to system dynamics. Developed by Professor David Wheat, this tool focuses on basic equations and key structural elements of supply and demand sides. It emphasizes simplicity while covering important economic fac
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Expert Strategies for Currency Exchange in 2024
In 2024, expert currency traders are employing advanced strategies like algorithmic trading, sentiment analysis, cross-currency arbitrage, carry trades, and macroeconomic forecasting. By leveraging technology and market insights, these strategies aim to capitalize on opportunities and mitigate risks
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Development of West African Monetary Institute Payment System
The West African Monetary Institute (WAMI) has been instrumental in establishing a payment and settlement system within the West African Monetary Zone (WAMZ). The institute's efforts have focused on promoting cross-border transactions and economic integration among member countries, with the ultimat
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Insight into Greek Real Estate Market Trends and Challenges
This survey conducted by Red Magazine and RICS provides valuable insights into the current outlook of specific real estate market segments in Greece. It discusses the impact of macroeconomic conditions, challenges faced by companies in the real estate sector, important parameters for strategic incor
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The Functions of the IMF: Regulatory, Financial, Consultative
The International Monetary Fund (IMF) has several functions, including regulatory oversight, financial support for member countries facing balance of payments deficits, and providing consultative guidance. These functions are crucial in ensuring stability in the international monetary system. The IM
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Factors Affecting the Price of Ethereum
Explore the key factors influencing Ethereum's price in this comprehensive PDF. Understand how market demand, technological advancements, regulatory changes, and macroeconomic trends impact Ethereum's value. This guide provides valuable insights for
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Understanding Keynesian Consumption and Savings Functions in Macroeconomics
Keynesian consumption function details the relationship between total consumption and gross national income. It emphasizes the stability of aggregate consumption and the marginal propensity to consume. Similarly, Keynesian savings function illustrates the link between savings and national income, hi
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Dynamic Stackelberg Problems in Macroeconomic Theory
A new type of problem in economic theory known as Dynamic Stackelberg Problems is discussed, focusing on optimal decision rules, rational expectations equilibrium, and the Stackelberg leader and follower concept. The government's one-period loss function, solving methods, and dynamics of Lagrange mu
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Understanding Foreign Exchange Rate Systems and Their Impact on Economies
Foreign exchange plays a crucial role in the global economy, representing all currencies other than a country's domestic currency. Different exchange rate systems like fixed, flexible, and managed floating rates have distinct features and implications for trade, capital flows, and macroeconomic stab
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Challenges and Opportunities in PNG's Economy Presentation
The presentation by PNG's Shadow Treasurer, Mr. Ian Ling-Stuckey, highlights the current economic situation and development experiences in Papua New Guinea. It discusses issues such as poor social indicators, the resource curse, and the impact on APEC opportunities and job growth. The presentation a
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Macroeconomic Theory of the Open Economy by Udayan Roy
This presentation discusses key concepts related to the open economy, such as net exports equaling net capital outflow, national saving equaling domestic investment plus net capital outflow, the loanable funds theory of the real interest rate, and the relationship between saving, investment, and net
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The Critical Role of Human Capital in Economic Growth: A Review
Literature highlights the significance of human capital formation in driving economic growth and achieving macroeconomic objectives. Human capital accumulation enhances productivity, reduces unemployment, poverty, and inequality, underscoring the need for investments in education, health, and job tr
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Understanding Fiscal Policy: A Comprehensive Overview
Fiscal policy involves changes in government spending and taxes to influence macroeconomic objectives like employment, price stability, and economic growth. It includes expansionary and contractionary policies to manage aggregate demand and stabilize the economy. This overview covers types of fiscal
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Challenges and Prospects of Establishing a Payment System in the West African Monetary Zone
The West African Monetary Zone (WAMZ) is striving to create a zonal payment and settlement system for cross-border transactions, aiming at economic integration for a common central bank and single currency. This initiative faces challenges but also holds promising prospects for regional financial in
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2018 PNG Economic Survey: Analysis and Recommendations
The 2018 PNG Economic Survey conducted by a team of experts highlights the challenges faced by the non-resource economy in Papua New Guinea. The report emphasizes the need for policy actions to stimulate growth, address foreign exchange shortages, and boost employment. Data indicates a recession in
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Empirical Analysis of Kuwaiti Dinar Exchange Rate Behavior and Misalignment
This research focuses on studying the behavior of the real equilibrium exchange rate (REER) of Kuwaiti Dinars, estimating the equilibrium exchange rate using the BEER model, and calculating real exchange misalignments (RERM). It delves into the impact of exchange rate fluctuations on macroeconomic v
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Complaints Handling Procedures at Macroeconomic and Financial Management Institute
Effective complaints handling is essential for feedback and improvement in financial services. Learn about the benefits, principles, and responsibilities involved in managing complaints at the Macroeconomic and Financial Management Institute of Eastern and Southern Africa.
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Strategic Programme Plan for 2024 Focused on Economic Development and Sustainability
The proposed programme plan for 2024 outlines strategic tracks including strengthening macroeconomic policy, enhancing resilience through climate action, and boosting the implementation of key initiatives. It aims to support private sector development, regional integration, data and statistics, and
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Principles of Fiscal Deficits and Debt Management According to Kalecki
Economist Kalecki advocated for a permanent regime of fiscal deficits to manage public debt, emphasizing the importance of debt management for liquidity in the financial system. His principles involve splitting the government budget into functional and financial parts, each influencing aggregate dem
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Financial Literacy Initiatives for Marginalized Groups in Eastern and Southern Africa
This presentation by the Macroeconomic and Financial Management Institute delves into the importance of financial literacy for marginalized groups such as women, youth, rural populations, the elderly, and the disabled in Eastern and Southern Africa. It emphasizes the need to identify and support the
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Estimation of Aggregate Demand and Supply Shocks Using Commodity Transaction Data
This study presented at Hitotsubashi-RIETI Workshop analyzes demand and supply shocks using commodity transaction data. By estimating elasticity parameters and examining movements in price and quantity, the research identifies negative supply shocks post-global financial crisis and after 2013. The p
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Understanding the IS-LM Model for Macroeconomic Analysis
The IS-LM model, discussed in Chapter 12 of Macroeconomics, helps analyze how an economy responds to policy changes and shocks in the short run. By understanding the IS and LM curves and their intersection, we can evaluate short-run macroeconomic outcomes for real interest rates (r) and real output
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Understanding Policy Pro-cyclicality in Macroeconomic Theory
Delve into the concept of policy pro-cyclicality in macroeconomic theory through the insights shared by Jeffrey Frankel at a seminar at Harvard Economics Department. Explore examples of pro-cyclicality in developing countries, euro periphery countries, and US political scenarios, along with discussi
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Gender Inequality and Macroeconomic Policy
Exploring the differential impacts of macroeconomic structures and policies on gender equality, this analysis delves into issues such as gender-biased access to resources, labor-intensive export orientation, and the effects of inflation targeting. It highlights how women, especially in marginalized
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Macroeconomic Policy for Development and Decent Work in South Africa
This research agenda delves into the core conclusions, policy context, and objectives of macroeconomic policy for facilitating development and decent work in South Africa. Key points include the need for structural transformation, challenges in job creation, and the link between macroeconomics, empl
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Macroeconomic Measurement: GDP, Unemployment, and Labor Force Analysis
This content explores various aspects of macroeconomic measurement, including GDP calculation, real vs. nominal GDP, GDP deflator vs. CPI, and unemployment rates for different groups. It provides tables and figures to illustrate these concepts and data sources from reputable organizations like the U
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Macroeconomic Policy in the Eurozone: Challenges and Alternatives
The macroeconomic policies in the Eurozone led by the Troika (ECB, European Commission, IMF) have been criticized for contributing to slow growth and high unemployment. This analysis by Mark Weisbrot delves into the negative impact of fiscal, monetary, and exchange rate policies on troubled economie
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Enhancing Risk Assessment for Sovereign Bond Spreads with Macroeconomic News Sentiment
Eurostars project SENRISK aims to develop an automated credit risk assessment tool for fixed income products by incorporating news sentiments. This innovative Decision Support System enhances predictive risk models using sentiments from macroeconomic news and social media. The project focuses on val
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Activities, Sectors, and Control Technologies in GAINS Research
The GAINS research by Janusz Cofala and Zbigniew Klimont focuses on aggregation criteria for emission sources, macroeconomic parameters such as population and GDP, aggregation of energy-related sources, transport sources, and process sources. It also covers specific VOC processes/sources like solven
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Neo-Kaleckian Macro Model Overview
This presentation explores the Neo-Kaleckian macroeconomic models, examining their development, key elements, and unique features within the broader context of economic theories. It delves into the first-generation models by Harris and Asimakopulos, focusing on markup pricing, labor costs, profit sh
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Assessing Macroeconomic Resilience in the Euro Area
This study assesses the determinants of macroeconomic resilience in the Euro area, emphasizing the importance of economic resilience to absorb shocks, promote convergence, and achieve short-term gains like lower unemployment and higher income. The framework includes components such as absorption, re
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Macroeconomic Modeling of Climate Change in Policy Making
In this seminar by Charl Jooste at the Bank of Uganda, the discussion revolves around the essential ingredients for macro models to incorporate climate policy and climate change. The talk highlights the need to augment standard macroeconomic functions, react to price signals, and link macro models w
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IMF Statistics Department - Natural Resources Statistical Tools
IMF Statistics Department has developed two statistical tools, the Revenue Template and National Accounts Template, to help countries analyze government revenues and natural resources in national accounts. These tools are crucial for policymaking in countries heavily reliant on natural resource reve
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Understanding Budgeting and Budget Implementation Process in Government
This presentation delves into the concepts of budgeting and budget implementation in the context of government finance, focusing on fiscal policies, macroeconomic goals, and the budget framework. It explains how budgets reflect government priorities and strategies to achieve economic stability and g
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