Download or read book Zero Interest Policy and the New Abnormal written by Michael Beenstock and published by Oxford University Press. This book was released on 2022-08-02 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 'New Normal' central banks set their interest rate to zero and print money through massive quantitative easing, while finance ministries run huge fiscal deficits. Yet inflation remains minimal. Zero Interest Policy and the New Abnormal explains why. It also explains why the New Normal is really the New Abnormal, and why it can't last. This study traces the academic roots of the New Abnormal to a conceptual confusion about the 'natural rates of interest', and postmodernism in macroeconomics, exemplified by the DSGE (dynamic stochastic general equilibrium) movement. It develops a theory of 'existential risk' which is concerned with the collapse of political economies such the Bretton Woods system and the New Abnormal. The book demonstrates that existential risk expresses itself in the growing gap between the natural rate of interest, measured by the rate of return on capital, and the real rate of interest, as well as in the development of cryptocurrencies. Beenstock develops a theory of 'kinetic inflation' based on Keynes' liquidity trap, which accounts for the absence of inflation in the New Abnormal, and predicts its outbreak when zero interest policy ends. He also explores the adverse social consequences of the New Abnormal for fertility, pensions, house prices, economic inequality, and intergenerational equity and establishes a causal link from the New Abnormal to Covid-19 mitigation policy, and from the latter to the intensification of the New Abnormal. Finally, it assesses the prospects for ending the New Abnormal, and an orderly return to the Old Normal. The alternative is to crash-out of the New Abnormal chaotically.

Download or read book Negative Interest Rate Policy NIRP written by Andreas Jobst and published by International Monetary Fund. This book was released on 2016-08-10 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.

Download or read book Abnormal Returns Winning Strategies from the Frontlines of the Investment Blogosphere written by Tadas Viskanta and published by McGraw Hill Professional. This book was released on 2012-05-11 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: A smart, back-to-the-basics approach for generating abnormally high returns Turn the TV on and you’ll hear a chorus of voices telling you where, when, why, and how to invest your money. Founder and editor of the popular investing blog Abnormal Returns Tadas Viskanta has some advice: Don’t listen to them. The truth is, all that noise will just confuse you. In Abnormal Returns, Viskanta reveals the simple truths about fixed income investing, risk management, portfolio management, global investing, ETFs, and active investing. In no time, you’ll have the knowledge you need to address your portfolio issues with skill and confidence. Prices are low and access to quality information is more abundant than ever. Now is the time to kick your investing into high gear with Abnormal Returns.

Download or read book Zero Interest Policy and the New Abnormal written by Michael Beenstock and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive critique of the widespread and dominant political economy in which central banks set interest rates to zero and engage in unorthodox monetary policy (quantitative easing) while ministries of finance run large budget deficits and accumulate debt.

Download or read book Focus Japan written by and published by . This book was released on 2000 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Arbitrary Lines written by M. Nolan Gray and published by Island Press. This book was released on 2022-06-21 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: What if scrapping one flawed policy could bring US cities closer to addressing debilitating housing shortages, stunted growth and innovation, persistent racial and economic segregation, and car-dependent development? It’s time for America to move beyond zoning, argues city planner M. Nolan Gray in Arbitrary Lines: How Zoning Broke the American City and How to Fix It. With lively explanations and stories, Gray shows why zoning abolition is a necessary—if not sufficient—condition for building more affordable, vibrant, equitable, and sustainable cities. The arbitrary lines of zoning maps across the country have come to dictate where Americans may live and work, forcing cities into a pattern of growth that is segregated and sprawling. The good news is that it doesn’t have to be this way. Reform is in the air, with cities and states across the country critically reevaluating zoning. In cities as diverse as Minneapolis, Fayetteville, and Hartford, the key pillars of zoning are under fire, with apartment bans being scrapped, minimum lot sizes dropping, and off-street parking requirements disappearing altogether. Some American cities—including Houston, America’s fourth-largest city—already make land-use planning work without zoning. In Arbitrary Lines, Gray lays the groundwork for this ambitious cause by clearing up common confusions and myths about how American cities regulate growth and examining the major contemporary critiques of zoning. Gray sets out some of the efforts currently underway to reform zoning and charts how land-use regulation might work in the post-zoning American city. Despite mounting interest, no single book has pulled these threads together for a popular audience. In Arbitrary Lines, Gray fills this gap by showing how zoning has failed to address even our most basic concerns about urban growth over the past century, and how we can think about a new way of planning a more affordable, prosperous, equitable, and sustainable American city.

Download or read book Daily Summary of Japanese Press written by and published by . This book was released on 2008 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Unique Manual and National Underwriter Life Reports written by and published by . This book was released on 1920 with total page 1228 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Statist written by and published by . This book was released on 1923 with total page 1312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pushed Past the Limit How Japanese Banks Reacted to Negative Interest Rates written by Mr.Gee Hee Hong and published by International Monetary Fund. This book was released on 2018-06-13 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan (BoJ) affected Japanese banks' lending and risk taking behavior. The BoJ's announcement was an unexpected surprise to the market and was followed by a sharp drop in equity prices of Japanese financial firms. We exploit the cross-sectional variation in the change of share prices on the day of the announcement to measure banks' differential exposure to NIRP. We show that more exposed banks increased their credit and took on more risk compared to banks that were less exposed to negative rates.

Download or read book Budget Volume for written by India and published by . This book was released on 1921 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bound set of budget documents (central budget and railway budget), 23 or more numbered issues; most of the the titles are also published separately.

Download or read book Report written by Commonwealth Shipping Committee and published by . This book was released on 1921 with total page 900 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Budget for written by India. Finance Department and published by . This book was released on 1921 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The National Underwriter written by and published by . This book was released on 1917 with total page 1258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Life Insurance Independent written by and published by . This book was released on 1914 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Parliamentary Papers written by Great Britain. Parliament. House of Commons and published by . This book was released on 1921 with total page 890 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Look Japan written by and published by . This book was released on 2000 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: