scholarly journals Macroeconomic Effects of Short-Term Training Measures on the Matching Process in Western Germany

2006 ◽  
Author(s):  
Reinhard Hujer ◽  
Christopher Zeiss
Keyword(s):  
Short Term ◽  
Matching Process ◽  
Western Germany ◽  
Macroeconomic Effects

scholarly journals Causas, consecuencias y regulación del capital golondrina: el caso de Costa Rica

1969 ◽  
Vol 4 (2) ◽  
pp. 7-20
Author(s):  
José Fulvio Sandoval Vásquez
Keyword(s):  
Economic Theory ◽  
Costa Rica ◽  
Exchange Rates ◽  
Interest Rates ◽  
Capital Flows ◽  
Short Term ◽  
Regulatory Measures ◽  
Macroeconomic Effects

El siguiente artículo analiza el ingreso de capital financiero de corto plazo (capital golondrina) en el país a partir del segundo semestre de 2012. Interesa revisar lo que establece la teoría económica sobre su origen, causas y consecuencias, así como las medidas regulatorias que pueden tomar las autoridades económicas para limitar estos flujos y contrarrestar sus efectos macroeconómicos. Finalmente, a la luz de estos desarrollos se revisa la propuesta del Poder Ejecutivo tendente a desestimular el arribo de estos capitales.ABSTRACT In this paper we analyze the entry of short-term financial capitals to the country in the second half of 2012. What economic theory says regarding its origin, causes and consequences is going to be reviewed, as well as the regulatory measures that policymakers can take to limit their flows and counteract their macroeconomic effects. Finally, taking into account these developments, an executive proposal aiming to discourage the arrival of these capitals is analyzed. KEYWORDS: CAPITAL FLOWS, IMPOSSIBLE TRINITY, INTEREST RATES, EXCHANGE RATES, INFLATION, INTERNATIONAL MONETARY RESERVES.

The matching process before and after the crisis in the Netherlands

2018 ◽  
Vol 39 (8) ◽  
pp. 1010-1031 ◽  
Author(s):  
Pablo de Pedraza ◽  
Kea Tijdens ◽  
Stefano Visintin
Keyword(s):  
The Netherlands ◽  
Labour Market ◽  
Returns To Scale ◽  
Short Term ◽  
Content Type ◽  
The Great Recession ◽  
Matching Process ◽  
Before And After ◽  
Matching Efficiency ◽  
Constant Returns To Scale

Purpose The purpose of this paper is to explore the matching process before and after the Great Recession in the Netherlands. The Dutch case is interesting because it is characterised by increasing matching efficiency. Design/methodology/approach This paper uses data from 2001 to 2014 to study the Dutch labour market matching process accounting for the three labour market states and their heterogeneities. Findings The elasticity of hires with respect to the short-term employed was significant, positive and countercyclical, while elasticities relating to new entrants were procyclical. The matching function (MF) displays constant returns to scale (CRTS) when using an alternative labour supply (LS) measure that includes the short-term employed as jobseekers. The findings are at odds with the idea of mismatch and a shortage of skills. Search frictions for employers were lower and vacancies were filled faster. This can be related to the fact that in a loose labour market context with increasing short-term employment, employers increase their hiring of employed workers which generates negative externalities on unemployed. Originality/value The implications concern the specification of the MF and the CRTS assumption when using unemployment as a LS measure.

The Economic Effects of Business to Business Internet Activity

2001 ◽  
Vol 175 ◽  
pp. 95-108 ◽  
Author(s):  
Martin Brookes ◽  
Zaki Wahhaj
Keyword(s):  
Interest Rates ◽  
Central Banks ◽  
Economic Effects ◽  
Medium Term ◽  
Short Term ◽  
Long Run ◽  
If Current ◽  
Macroeconomic Effects ◽  
The Cost ◽  
Business To Business

This article argues that an effective way to analyse the macroeconomic effects of business-to-business electronic commerce is to regard it as a decline in the cost of information to producers. Calculations based on input-output tables and the IMF's Multimod macroeconomic model show that current estimates of such savings translate into about a 5 per cent long-run increase in output in the major industrialised economies. In the medium term, although the deflationary effects of the shock would provide greater room to central banks to keep interest rates low, the simulation results also hint at short-term inflation risks if current demand outstrips supply in anticipation of higher future incomes.

scholarly journals Working Capital Management and Firms’ Profitability: Evidence from Vietnam’s Stock Exchange

2016 ◽  
Vol 8 (5) ◽  
pp. 55 ◽  
Author(s):  
Huy-Cuong Nguyen ◽  
Manh-Dung Tran ◽  
Duc-Trung Nguyen
Keyword(s):  
Supply Chain ◽  
Stock Exchange ◽  
Listed Companies ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Public Companies ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Macroeconomic Effects

<p>The paper investigates what effect Working Capital Management has on firms’ profitability by using the data from listed companies on Vietnamese Stock Exchange. The sample is collected from 127 public companies for the period of 9 years from 2006 to 2014. The research uses four variables to represent Working Capital Management, which are Day of Sales Outstanding (DSO), Day Sales of Inventories (DSI), Day of Payables Outstanding (DPO), and Cash Conversion Cycle (CCC). Moreover, in order to robust the result, the study also takes into the account the following variables: “Leverage, Growth, Tangibility, Size, Industrial Factors, and Macroeconomic Effects”, which were proven to have significant effects on firms’ profitability. The result implies that there is no correlation between Working Capital Management and firms’ profitability. Hence the conclusion is that Working Capital Management can help companies solve the short-term obligations and improve the efficiency by improving the supply chain and credit policies, however it has nothing to do with firms’ profitability of the companies in the sample.</p>

scholarly journals Macroeconomic Effects of Introducing a Capital Conservation Buffer in the Ukrainian Banking Sector

2018 ◽  
pp. 33-42
Author(s):  
Pervin Dadashova ◽  
Magnus Jonsson ◽  
Hanna Onyshchenko
Keyword(s):  
Financial Crises ◽  
Banking Sector ◽  
Implementation Strategies ◽  
Capital Requirements ◽  
Short Term ◽  
Output Loss ◽  
Dynamic General Equilibrium Model ◽  
National Bank ◽  
Macroeconomic Effects

The National Bank of Ukraine (NBU) is planning to introduce a capital conservation buffer in the Ukrainian banking sector over a four-year period starting in 2020. This new regulation will yield long-term benefits by strengthening the resilience of the banks, which will reduce the likelihood and costs of financial crises. However, higher capital requirements in the form of a capital conservation buffer can also result in short-term costs by temporarily lowering output. In this study, we use a dynamic general equilibrium model calibrated to fit some long-term features of the Ukrainian economy to evaluate how different implementation strategies affect the short-term output loss. We show that the output loss can be reduced by preannouncing and gradually implementing the buffer, along the lines that have already been advanced by the NBU.

Launde, a Terminal Palaeolithic Camp-site in the English Midlands and its North European Context

2006 ◽  
Vol 72 ◽  
pp. 53-93 ◽  
Author(s):  
Lynden P. Cooper
Keyword(s):  
Spatial Analysis ◽  
The Netherlands ◽  
Late Glacial ◽  
Upper Palaeolithic ◽  
Short Term ◽  
Projectile Points ◽  
Late Upper Palaeolithic ◽  
Western Germany ◽  
Prominent Ridge ◽  
Late Palaeolithic

The paper describes a small late Upper Palaeolithic open-air site situated on a prominent ridge top interfluve in the English Midlands. A discrete cluster of worked flint of late Palaeolithic blade technology was discovered within an excavated area of 100 m2. The lithic scatter represents the hearth-side activities of a short-term occupancy by a small hunting group with evidence for provisioning of flint, production of blades/bladelets, and toolkit maintenance. Spatial analysis provides some dynamics to these activities. The assemblage has strong affinities with the Late Glacial–early Post-glacial Long Blade industries of southern England and northern France but displays many attributes that are atypical of the classic sites. The Launde assemblage appears to be a missing fades of the Long Blade tradition. The blade technology and the typology of the projectile points are also closely paralleled further afield in Belgium, the Netherlands and western Germany, what might be termed a late Western Ahrensburgian, probably dating to the early Pre-Boreal at the beginning of the 10th millennium BP.

scholarly journals Pronóstico de Divisas Latinoamericanas con Modelos de Volatilidad Estática y Estocástica

Ingeniería ◽  
2018 ◽  
Vol 23 (2) ◽  
Author(s):  
Laura Camila Roldán Martínez
Keyword(s):  
Forecast Model ◽  
Heston Model ◽  
Future Price ◽  
Short Term ◽  
Proposed Model ◽  
Black Scholes ◽  
Real Behavior ◽  
Macroeconomic Effects ◽  
Forecast Time

Context: The currency market is known as the most liquid market in the financial system. Its strong repercussion in the economy is tied to the capitalization and the impulse that this market offers through the increase of investments and therefore of macroeconomic effects that is found in the development of the economy, For these reasons, it is relevant to study models that predict the behavior of the main Latin currencies.Method: Two models are proposed for the prognosis and the identification of factors implicit in the behavior of these currencies. The first proposed model corresponds to the Black-Scholes, which allows obtaining the future price of the currency based on integrating price processes, a Wiener process and a static volatility is recognized. The second model is Heston, which describes the evolution of the volatility of an underlying asset and assumes a stochastic volatility.Results: After the application of the proposed mmodels, their efficiency are evaluated by means of the Diebold-Mariano Test, in order to identify the forecast model that best adapts models, their efficiency are to the real behavior of the parities.Conclusions: It is identified that the Heston model offers a better fit to the forecast, assuming random volatility in the short term for each of the currencies, while the long term presents the largest adjustment of the Black & Scholes model, It is evident that the longer the forecast time, the greater the uncertainty and the greater the prediction error.

Sign in / Sign up

Export Citation Format

Share Document