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/0 Comments/in /by admintopicWhat lessons does the great recession hold for how fiscal policy should get ready to respond the next economic downturn?
According to our textbook what are the aims and tool of fiscal policy? Focus on the short run, but give some consideration to the long run as well. Do the Brookings institution’s specific suggestions regarding how policy should respond to the next downturn seem to be compatible with Ray Fair’s discussion of fiscal policy? How do John Taylor’s views differ?
Please remember to clearly explain simple things about the general aims and tools of fiscal policy. Such as:
What are spending multipliers?
What is the distinction between “active” and “passive” fiscal policy?
(“Passive” fiscal policy is sometimes referred to as the “automatic stabilizer”.)
How should short run fiscal policy relate to the long run budget position?
Then explain a few, in your view important, things about how was fiscal policy conducted in the great recession and why economists have different views on it.
Readings
1. Text chapters 5-9 and section Second half of Chapter 14/15 of Fiscal Policy and Deficits
a. This is chapter 14 in the twelfth edition and chapter 15 in earlier editions.
2. Brookings Institution Report: Nine facts about the Great Recession and tools for fighting the next downturn, by Diane Whitmore Schanzenbach, Ryan Nunn, Lauren Bauer, David Boddy, and Greg Nantz, Monday, May 23, 2016
3. Taylor, J. B. (2016). “Can We Restart the Recovery All Over Again?” The American Economic Review 106(5): 48-51 http://www.stanford.edu/~johntayl/2016_pdfs/Can_We_Restart+the_Recovery_All_Over_Again-AERMay2016.pdf
madam professor
/0 Comments/in /by adminNetwork security paper
/0 Comments/in /by adminNetwork Security Paper: In this paper, you will define the security strategies of Defense in Depth and Layered Security along with comparing and contrasting the strategies by explaining, at least, two advantages and disadvantages of implementing each security strategy. Support your information and make sure all information sources are appropriately cited.
The paper must use APA 6th ed., 7th printing formatting and contain a title page, 3 to 5 pages of content, and a minimum of three peer-reviewed references
Assignment Resource(s):
- Layered Security: Why It Works – This article discusses why layered security works.
User: n/a – Added: 9/5/13
International finance(Answer 5 questions, classify the steps)
/0 Comments/in /by admin1. Assume annualized interest rates in the U.S. and Switzerland are 10% and 4%, respectively, and the Swiss franc can be exchanged for $0.3807. Assume covered interest rate parity holds. What is the 90day forward rate for the Swiss franc ($/Swiss franc)?
2. If annualized interest rates in the U.S. and Switzerland are 10% and 4%, respectively, and the 90day forward rate for the Swiss franc is $.3864, at what current spot rate will covered interest rate parity hold?
3. Annualized interest rates in the U.S. and France on January 1, 1991 are 9% and 13%, respectively. The spot value of the franc is 0.1109 per dollar.
4. Suppose the Swiss franc is worth $0.40 at the beginning of the year. During the year, U.S. inflation is 5% and Swiss inflation is 3%.
a) Does economic theory predict an appreciation or a depreciation of the Swiss franc over the year? Why? By how much approximately? Suppose the Swiss franc is worth $0.44 at the end of the year.
b) By how much did the nominal value of the Swiss franc change over the year? Does your answer confirm or disprove the prediction of economic theory?
c) Does your answer inb) imply a change in the competitiveness of Switzerland relative to the United States? Why?
d) Compute the real value of the Swiss franc relative to the U.S. dollar at the end of the year.
e) The real exchange rate at the beginning of the year equals the nominal spot rate. Compute the change in the real value of the Swiss franc over the year.
f) Verify that the real percentage change in the exchange rate (answer d) equals the difference between the nominal percentage change in the exchange rate (answer b) and the inflation rate differential between the two countries.
5.Suppose the Swiss franc is worth $0.40 at the beginning of the year. During the year, U.S. inflation is 5% and Swiss inflation is 3%.
a) Does economic theory predict an appreciation or a depreciation of the Swiss franc over the year? Why? By how much approximately? Suppose the Swiss franc is worth $0.44 at the end of the year.
b) By how much did the nominal value of the Swiss franc change over the year? Does your answer confirm or disprove the prediction of economic theory?
c) Does your answer in b) imply a change in the competitiveness of Switzerland relative to the United States? Why?
d) Compute the real value of the Swiss franc relative to the U.S. dollar at the end of the year.
e) The real exchange rate at the beginning of the year equals the nominal spot rate. Compute the change in the real value of the Swiss franc over the year.
f) Verify that the real percentage change in the exchange rate (answer d) equals the difference between the nominal percentage change in the exchange rate (answer b) and the inflation rate differential between the two countries.
Business & Society
/0 Comments/in /by adminSustainable Development and the Environment
Please respond to the following topic:
- You have been appointed as the new environmental manager for your organization. In a blog post to your key stakeholders, read the following article, We can ditch fossil fuels in 10 years , and address the following question:
If we could end the use of fossil fuels in 10 years, should we?
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