I do so within a standard Representative Agent New Keynesian model (RANK), as well as a two-period Overlapping Generations New Keynesian model (OLG-NK). For both model versions, I find that the equilibrium values for inflation and the output gap under a standard Taylor rule regime can be ...
A new Reason Foundation study finds only 35 percent of LAUSD's enrollment decline over the past 15 years is due to students going to charter schools. In fact, as the district continues to lose students—losing 55,000 since 2013—a smaller percentage of the loss can be attributed to charter...
For years, states across America have taken steps to provide pregnancy resource centers with state and federal tax money to support the services they provide. This funding helps serve families at the local level without creating new government programs. ...
The installation of wind power technology is growing steadily and the trend can be expected to continue if the objectives proposed by the European Commission are to be achieved. In some countries a considerable percentage of installed wind power capacity is near the end of its useful lifetime. ...
Thus, the dictator has to assure that a.) the tax is on the left side of the Laffer curve and b.) the tax is such that the citizens do not hide their output. Naturally, the dictator will only invest in growth enhancing policies if he is likely to reap the future benefits. Hence, ...
In 1979, Praktica finally launched a modern automatic SLR with a bayonet mount, the B200, whose derivatives would be manufactured and sold well after the fall of the Berlin wall. When the communist regime finally fell and West Germany absorbed its East German counterpart, some divisions of the...
and open decision makers’ minds, and those who think outside directors are a waste of money and can reduce company performance. This paper investigates the extent of interlocking directorship in New Zealand and how it affects corporate performance. Our findings of largely no significant impact on...
(HR)are constructed from the LFS data. Normally, previous literature uses local unemployment rates, which includes the long-term unemployed. The local short-term unemployed are those that became unemployed during the yearandare actively searching for work as a percentage of the labor force. This ...
n in 2014 on a constant currency basis.Our net IFRS profit after tax was 5%up on the prior year a satisfactory result,given the level of our investment in new businesses and systems.Alongside this years results,we have announced the Groups capital position under the Solvency II regime,which ...
The Fund aims at long-term capital growth by investing in onshore and offshore People’s Republic of China (“PRC”), Hong Kong and Macau equity markets, while achieving an outperformance (i.e. achieve a higher Environment, Social and Governance (“ESG”) score) of the Fund’s weighted ...