Moreover, it forecasts 2017 inflation to reach 4.8%/4.9%, which we see as sufficiently close to the 4.5% level it wants to make inflation to converge to. If our view is correct, and if fiscal uncertainty and "non-economic events" allow it, the Selic rate will be left...
It is defined as a fundamental strategy or purpose of economic life to satisfy human wants by allocating economic resources. In other words, it is an outline of different schemes designed to achieve the predetermined short-term and long-term objectives. ...
An interpretation of this result is that the optimal risk for a company in the North American IC market is to place about 50% of the company's value at risk, every quarter, and the maximum sustainable debt to equity ratio, (or capitalization to equity ratio, depending on how one wants t...
The axiom of insatiability within economic theory states that needs, wants and desires can never be satisfied. This axiom drives the utility function upon which most economic policy is based. Non-satiation is not a natural human condition but rather a theoretical and cultural construction. Non-...
Unexpectedly, exports in the non-oil sector showed a negative effect on economic growth. The results indicate that more needs to done in the non-oil sector if the economy wants to diversify from oil as the main engine for sustainable economic growth.Ahmed AlodadiJ. Benhin...
By saying 'yes' to the euro, Finland wants to offset its geographical position at the fringes of Europe by being integrated as closely as possible with the core area of Europe. By being embedded tightly into the European economic and monetary area, Finland hopes both to gain added stability ...